Carl Guild - Central Connecticut Real Estate

The May Belltown Senior Club trip to Foxwoods Casino will be on May 21st.

The cost of $16 covers the round trip bus ride, Keno chances and free buffet. The bus leaves the Shaw's parking lot, 11 East High Street, East Hampton at 8 AM and leaves Foxwoods at 3PM.

To reserve your seat, call 860-267-4906 or pay at the East Hampton CT Senior Center. Seats must be purchased in advance.

On Saturday May 9th, carriers from the East Hampton, CT Post Office will conduct their annual food drive.

This is part of a nationwide effort to replenish local food bank shelves.

Customers can leave their donations of non-perishable items at their mailboxes or items can be brought to the lobby of the East Hampton Post Office, 57 Main Street, East Hampton, CT.

Valvoline Express Care / Performance Tire of Colchester is running a fundraiser with RHAM High School Project Graduation.

During the entire month of May, RHAM Project Graduation will receive 10 percent of your total purchase for any product or service. No appointment is necessary.

All you need to do is mention "RHAM High School Project Graduation" at the time of your purchase. Valvoline is located at 240 Old Hartford Road in Colchester CT. For hours of operation, visit www.expresscareofcolchester.com or call 537-2515.

RHAM Project Graduation is an all-night drug and alcohol free graduation celebration for RHAM High School. The event is sponsored by AHM Youth and Family Services, Inc.

13 North Hollow • East Hampton, CT 06424

Offered at $324,900 Welcome to 13 North Hollow in East Hampton! This 3 Bedroom, 2 Bath home in the Laurel Ridge Subdivision was built in 2004 and features some nice upgrades that you are sure to love! The kitchen is warm and inviting, the perfect place to prepare your feast! The living room is absolutely huge and borders the kitchen/dining area, and 4 season sunroom! Like this property? Call me now for a private showing 860-539-5373 The 4 season sunroom is a great place to spend sunny summer afternoons.. Nice large windows in the sunroom give you a great view of the woods. This unit is lucky enough to look back into the woods for a serene view. Like this property? Call me now for a private showing 860-539-5373 This is what the animals see from the woods. Back inside, the hallway will lead you to the 3 bedrooms. This is a shot of the Master suite which features a huge walk-in closet. The Master bathroom has double sinks, one of which is handicapped acessible. The bathroom also features a a comfort height toilet, walk-in shower with a shower head and detachable wand. A nice large laundry room is located right off the hallway. The second bedroom is very large and is currently being used as an office. The third bedroom is a doll studio right now that features excellent natural light! Thanks for visiting us online - come check us out in person! Like this property? Call me now for a private showing 860-539-5373 Carl Guild • Prudential CT Realty • 860-539-5373

One of the most exciting provisions of the Housing and Economic Recovery Act of 2008 was the First-Time Homebuyer Tax Credit. The credit was expanded as part of the most recent economic stimulus bill (The American Recovery and Reinvestment Act of 2009). The credit is designed to encourage first time home buyers to go ahead and make the leap to purchase their first homes. Combine this tax credit with the fact that home prices and interest rates are at historical lows, and it is indeed an ideal time for many first-time homebuyers to purchase a home!

Here are some things to keep in mind:

• A first time home buyer is defined as someone who has not owned a home in the last three years

• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit

• You cannot purchase the home from a related party like a spouse, direct ancestor, or direct lineal descendent (child or grandchild); however, you can still qualify for the credit if you purchase a property from siblings, nephews, nieces, and others

• If you are married, both spouses must be first-time home buyers

• If more than one unmarried individual is buying the property, the credit can be split up among all the individuals who qualify. However, the
  total credit taken cannot exceed $7,500 for homes purchased in 2008 and $8,000 for homes purchased in 2009

For Homes Purchased Between April 9, 2008 and December 31, 2008

The credit amounts to 10% of the purchase price of the home not to exceed $7,500 The tax credit works like an interest free loan and must be repaid over a 15 year period

For Homes Purchased Between January 1, 2009 and December 1, 2009

The credit amounts to 10% of the purchase price of the home not to exceed $8,000 The tax credit does not need to be paid back if you continue living in the home as your primary residence for three years without selling it

How does a tax credit work?
A tax credit is a special provision that reduces income tax liability on a dollar for dollar basis. When filing a tax return, you must include income
items, deduction items and the number of exemptions, among other things, to figure your total tax liability. For example, if your total tax liability for the year is $8,000, and you qualify for the full $8,000 tax credit, this credit would wipe out all of the tax due. If your employer already deducted the $8,000 from your pay checks throughout the year, you would receive a tax refund of $8,000. If you owe less than $8,000 in taxes for the year, you are still eligible for the full $8,000 credit when you file your tax returns. In that case, the IRS will write you a check for the difference between $8,000 and your actual tax bill.

For more information about the first-time home buyer tax credit or other recent updates to the mortgage and real estate markets, just give me a
call!