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Don & Valerie Keeton

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Omaha Real Estate Foreclosures by Don and Valerie Keeton

02-09-12
Don & Valerie Keeton

Omaha Real Estate Foreclosures

A recent report from a research firm stated that Nebraska had one of the lowest rates of foreclosures in the United States in 2011.

As active Broker owners of RE/MAX The Producers we found this to be true in Omaha. Yes we have some foreclosures, but not that many especially when come to upper scale homes.

Approximately one percent of Nebraska homes were in the foreclosure process by the end of 2011 which is the fourth lowest rate in the United States. The national foreclosure rate was 3.4 percent by the end of 2011 because 1.4 million homes were in the foreclosure process.

Omaha Nebraska is likely has the highest percentage of foreclosures but our market is reasonably strong and offers many great buys. With today' interest rates at an all time low now is a great time to purchase your new home. Whether you're buying your first home, second home, or getting ready to downsize, now is a great time.

Homes in the Omaha real estate market are selling reasonably fast if they are well maintained and priced accurately. If you're a seller or a buyer on the fence, now is a great time to jump the fence.

Don and Valerie Keeton

RE/MAX The Producers of Omaha Nebraska

www.TourOmahaHouses.com

402-496-3700

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Homebuyers and The New Tax Credit... You Better Hurry

01-14-10
Don & Valerie Keeton

Tax Credit Upto $6,500 to $8,000.

$6,500 Homebuyer Tax Credit at a Glance

  • A "Current or Existing Homeowner" for the purposes of this credit must have used the home sold or being sold as a principle residence consecutively for 5 of the previous 8 years.
  • The tax credit is equal to 10 percent of the home's purchase price up to $6,500.
  • The credit is available for homes place under contract prior to April 30, 2010 which then needs to close prior to July 1, 2010.
  • Homebuyers may purchase any new construction or existing single dwelling home including condos and townhomes.
  • The tax credit is "refundable" or claimable for the year of purchases regardless of the homebuyer(s) tax liability.

Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

Existing Homeowner Credit example:

A couple with joint income less than $225,000 annually.

The couple has owned a personal residence consecutively for 5 of the last 8 years and sells this home to purchase a new home for $200,000 which takes place prior to April 30, 2010. The couple qualifies for the $6,500 tax credit.

Assume their 2009 federal tax liability is $12,500 without the tax credit, the $6,500 tax credit would lower their federal tax liability to only $6,000.

If the couple's 2009 federal withholdings was exactly $12,500, they would have received no refund without the tax credit because their federal income taxes equal their federal withholdings exactly.

With the Existing Homeowner Tax Credit, the couple will get a tax refund of $6,500.

$8,000 Homebuyer Tax Credit at a Glance

  • A "First-Time Homebuyer" is defined as a person who has not owned a home for the past three years.
  • The tax credit is equal to 10 percent of the home's purchase price up to $8,000.
  • The credit is available for homebuyers who enter into a written binding contract prior to
    April 30, 2010. The buyer will then have until July 1, 2010 to close.
  • Homebuyers may purchase any new or existing single dwelling home including condos and townhomes.
  • The tax credit does not have to be repaid if the home isn't sold within three years of purchase.
  • The tax credit is "refundable" or claimable for the year of purchase regardless of the homebuyer's tax liability.
  • Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

The homebuyers may participate in a mortgage revenue bond program such as NIFA and still be eligible for the tax credit.

First-Time Homebuyer Tax Credit example:

A couple with joint income less than $225,000 annually.

The couple enters into a binding contract to purchase a home prior to April 30, 2010 and closes on their new home prior to July 1, 2010. The couple qualifies for the full $8,000 tax credit.

Assume their 2009 federal tax liability is $12,000 without the tax credit, the $8,000 tax credit would lower their federal tax liability to only $4,000.

If the couple's 2009 federal withholdings was exactly $12,000, they would have received no refund without the tax credit because their federal income taxes equal their federal withholdings exactly.

With the first-time homebuyer tax credit, the couple will get a tax refund of $8,000.

First-time homebuyers should consult their tax advisor for more information.

Information Believed To Be Reliable But Not Gaurenteed. Please Seek Professional Advice When Making a Purchasing Decision.

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Real Estate Performance

12-18-09
Don & Valerie Keeton

Over the long run...

Your Level of Production, Depends on Your Level of Education, But your level of true committment out weigh them all.

Merry Christmas & Happy New Year

Don Keeton

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Why Join RE/MAX The Producers

03-21-08
Don & Valerie Keeton

What Will You Give Me?

One of the 1st questions an agent will ask a Broker if they are asked to join them is what will you give me? Thats' a fair question, but the wrong approach to success.

One of the best business books of all time offered the best advice I've ever read "You Can Give a Man a Fish, and He'll Eat For a Day" or "You Can Teach a Man To Fish and He'll Eat For A Lifetime".

Don & Valerie and The Producers joined RE/MAX in 2006 and The Producers have become the fastest growing RE/MAX office in the Omaha Area.

We believe our growth is due to our understanding of the needs of real estate agents, since Don has been a successful agent for over 32 yrs. Now Don is taking his experience in sales and marketing and combining it with the power of RE/MAX and sharing with their agents.

Our agents receive the best Training & Mentoring in real estate, and their growth and professionalism shows.

We invite you to view our agent information site at www.JoinTheProducers.com and then call Don for a private interview at 402-496-3700

It's Official Based on MLS Roster, RE/MAX The Producers is now the largest RE/MAX office in Douglas County, Nebraska.

Leads & Business Development: REMAX.com is the #1 searched real estate company site on the internet, and our agents receive leads without paying a referral fee.

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