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Wow! The market has definately changed since 2008. My team, The EZ Sales Team sold 81 homes in all of last year and have already sold over 150 this year! Hopefully, the government decides to continue the first time home buyer credit because it is definatley doing the trick. Whatever the outcome we are moveing some homes here in Greater Cleveland and want to remind the agents out there that we do offer a solid 30% referral! www.EZSalesTeam.com
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FEATURE |
CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008 |
REVISED CREDIT - EFFECTIVE FOR PURCHASES ON OR AFTER JANUARY 1, 2009 AND BEFORE DECEMBER 1, 2009 |
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Amount of Credit |
Lesser of 10 percent of cost of home or $7500 |
Maximum credit amount increased to $8000 |
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Eligible Property |
Any single family residence (including condos, co-ops, townhouses) that will be used as a principal residence. |
No change All principal residences eligible. |
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Refundable |
Yes. Reduces (or can eliminate) income tax liability for the year of purchase. Any unused amount of tax credit refunded to purchaser. |
No change Purchasers will continue to receive refund for unused amount when tax return is filed. |
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Income Limit |
Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000). |
No change
Same income limits continue to apply.
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First-time Homebuyer Only |
Yes. Purchaser (and purchaser's spouse) may not have owned a principal residence in 3 years previous to purchase. |
No change Still available for first-time purchasers only. Three-year rule continues to apply. |
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Revenue Bond Financing |
No credit allowed if home financed with state/local bond funding. |
Purchasers who utilize revenue bond financing can use credit. |
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Repayment |
Yes. Portion (6.67% of credit or $500) to be repaid each year for 15 years, starting with 2010 tax filing. |
No repayment for purchases on or after January 1, 2009 and before December 1, 2009 |
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Recapture |
If home sold before 15-year repayment period ends, then outstanding balance of repayment amount recaptured on sale. |
If home is sold within three years of purchase, entire amount of credit is recaptured on sale. Applies only to homes purchased in 2009. |
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Termination |
July 1, 2009 (But note program changes for 2009) |
December 1, 2009
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Effective Date |
Purchases on or after April 9, 2008 and before January 1, 2009. Repayment to begin for 2010 tax year. |
All revisions are effective as of January 1, 2009 |
First-time home buyer tax credit details reported today!
Home buyers who hoped for a $15,000 tax credit to buy a new home, as promised by the Senate, will be disappointed. A proposed $35 billion credit to support home sales was jettisoned in favor of a more modest $2 billion to $3 billion provision.
The proposal would eliminate the repayment requirement in an existing tax credit for first-time home buyers, and raise the credit to $8,000 from $7,500. Congressional aides cautioned Wednesday that the credit's size was still subject to negotiation.
Contact The EZ Sales Team today for all your buying needs and/or financing questions!
Thanks,
The EZSalesTeam
216-916-7778
Crocker-Stearns work Completed!
In a great turn of events the Crocker-Sterns work was completed after reports of another delay. Although the GPS devices don't have it right yet, you should. It will save residents traveling in and out of Westlake an average of 15 minutes depending on their route.
This improved connectivity should assist Crocker Park and other commercial business. The better these business do, the more tax dollars Westlake will be able to utilize to improve their already great city services and amenities! Great job and congrats to the City of Westlake and the residents!
Contact The EZ Sales Team when looking to buy or sell in Westlake Ohio. www.EZSalesTeam.com or 216-916-7778
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#1 Keller Williams Realtor Team In Ohio! Top 5 Realtor Teams in The State of Ohio for 2010! www.EZSalesTeam.com or 216-916-7778.
Experience + Technology = Results
Experience
Technology
Results
The EZ Sales Team has over 19 agents surrounding the Greater Cleveland Area and can assist downtown/East or West! We cover more then just the following cities: Downtown Cleveland, Lakewood, Rocky River, Fairview Park, Westpark, Westlake, Olmsted Falls, Olmsted Township, Avon, Avon Lake, Bay Village, Amherst, Lorian, Cuyahoga County, North Ridgeville, Elyria, Cleveland Heights, Shaker Heights, Solon, Chagrin Falls, Media, Brunswick, Strongsville, Hudson, Brecksville and more!
Check out our Community Informaton Page!
Testimonials
Eddie DiFiore, Assistant JV Coach for the Saint Edward's Hockey Team and his Fiance Stacey King decided to build new construction in Avon Lake. They utilized The EZ Sales Team expertise in new construction and home building to help them become new homeowners and the 150th home sale of the year! Congratulations Eddie and Stacey!
"We are writing to express our deepest gratitude for the outstanding job you have all done in the sale of our home. We were blown away by the dedication and professionalism that you have shown us from the beginning to the end of this process. In first meeting Heather, her confidence, friendliness and willingness to assist us at working through this sell blew away any of her competitors and it paid off. We couldn't believe that our home sold in less than 9 hours! The other houses on our street that were represented by competitive realty companies are still for sale, and have been for some time. I knew that Keller Williams EZ Sales team would give us more of their time and get the job done as soon as the team sat down to tell us how they work together until our house was sold. The photographer made our house look amazing which caught the buyer's eye immediately. Mike was there answering any questions or concerns we had. Heather went above and beyond the call of duty to make sure the job was done. Thank you all for your hard work!" Amber, Kirk, Mea, Colson and Skyler West - Fairview Park
"Thank you so much to Greg Erlanger and The EZ sales team as I searched for my first house. Although, I thought I knew what I wanted, they helped me open my mind to many different opporunities, allowing me to know I was making the right decision when I found the right place. When I first saw my house in Rocky River, Greg put a lot of extra effort into making sure I had the best opportunity at actually getting it. In a now changing market, Greg knew we had to act fast and put in the long, late hours needed, walking me through everything and getting everything ready for me to make my offer. He was absolutely incredible throughout the entire process. It is because of his dedication and love for what he does that got me my house and I can't thank him enough for that."
Bridget Body - Rocky River, Ohio
"I want to thank Pamela Hedrick and The EZ sales team for all the work they put into helping me find my condo. Just when things were looking bad and I was starting to get discouraged about finding a home Pamela talked me into looking at a place I didnt think I would be interested in. She came through with her best suggestion because it couldn"t have been a better fit for me. Thanks again."
Brett Mickley - Westlake, Ohio
"I would like to tell you what a joy it was working with The EZ Sales Team. This was our first home purchase and Pam was very helpful in answering all of our questions, no matter whether she was showing us a home or consulting with us on the phone. Pam was always there at a moments notice. She also took the time to take into consideration the needs of our dog which was very important to us. I would highly recommend The EZ Sales Team to all of my family and friends."
Laverne and Larry Miller - Parma, Ohio
"I want to share how pleased I am that we went with The EZ Sales Team when we were looking to buy a home. Pamela Hedrick, is a joy to work with-she's always spirited, upbeat, and I was so impressed with her tireless dedication. Every question we had, she answered with a wealth of knowledge and true professionalism. Buying your first home is exciting, yet harrowing at times. Pamela encouraged us through the emotional ups and downs, steadfastly optimistic that we would find the perfect house to call our own. And we did! But the effort didn't stop there. At times we were overwhelmed with questions and complexities, and Pamela picked up on the first ring, listening patiently and guiding us through every step of the process. We went with her suggestions, and everything proceeded smoothly. We know we never would have sailed through the experience so easily if not for her. We're thrilled to be in our new home. We couldn't have asked for a better Realtor or Real Estate Team, and I have given recommendations to friends with complete confidence that this is the right team to work with. Thank you so much for making our dream possible."
Christy Carlson & Charles Esau - Lyndhurst, Ohio
"From the very first house showing to the closing on my home, Flavia was a trusted agent who showed professionalism as well as enthusiasm and love for her career. I always felt that she was working for my best interest and am thrilled with the home that I found. I would highly recommend The EZ Sales Team and her as an agent to friends and family" Ann Driscoll - Lakewood, Ohio
"We love the EZ sales team! After only 2 hours of knowing about our intent to sell our house, Greg Erlanger arrived with more comps and information than realtors who had weeks to prepare. He was organized, excited, and motivated. We loved his energy and knew we had to use him as our realtor. As first time home-sellers we didn't know what to expect. 3 days after listing our house, the buyers walked in. He was great with the negotiating and helped us to achieve the price we wanted. We have already recommended Greg and The EZ Sales Team to our friends!"
Natalie and Bryan Strang - Bay Village, Ohio
"I was a first time home buyer when Pamela and the EZ sales team helped me find the perfect house. I had very particular needs of location, price and size and by some miracle Pamela helped me find exactly what I needed! She was extremely knowledgable of the entire process and helped me get my house even when there were multiple offers on it. We love our home and are so appreciative of all your help!"
Leslie, Jocelyn, Brandon and Owen Denton, Chagrin Falls, Ohio
"We would like to thank The EZ Sales Team for helping us find our perfect first home! Greg helped us find our downtown condo two years ago, so when we decided to buy a home in Lakewood we knew we wanted him to help us through the process. He really understood what we were looking for and located a home that we both believe we would have never found without him. Thanks again EZ Sales Team for making our first home purchase so easy and enjoyable. You really made us feel comfortable and we couldn't be happier!"
Tiffany Pottmeyer and Matt Vesperman, Lakewood, Ohio
"Thanks to The EZ Sales Team I was able to find the condo I was truly looking for. They have the expertise to help buyers understand the inventory that Greater Cleveland has to offer. We love our new townhome with lake and downtown views. It has it all! Thanks EZ Sales Team!" Ji Kim, Battery Park Community Cleveland, Ohio
"Thanks to The EZ Sales Team for getting such a great price for my home! Through Mike Zinicola's expert negotiation strategies, the final selling price was $25,000 higher then the buyer's original offer. Mike was a real professional advocate for us and was stellar when we needed him most (at the negotiation table). I am thrilled to be on my way to a new home in this troubled market thanks to The EZ Sales Team!" Mark Dymidowski, Lake Ave. Cleveland, Ohio
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"Finding a house that you can picture raising your family in is an exciting yet stressful process. Pamela was very flexible and honest with us. She listened to what we were looking for in a home and helped us research different communities that suited our needs. Her attention to the details of the purchase of our home fascilitated the smooth completion of the transaction. We truly appreciate all of Pamela and The EZ Sales team's hard work in helping us find our new home."
Sarah and Bryan Kostura - Chagrin Falls, Ohio
"The EZ Sales Team run a first-class operation. As a first-time buyer, they added a lot of value to the experience, especially during the search process and in negotiations. They were able to uncover properties I never would have thought of looking at and brought a lot of passion to the search process. Most importantly, they know how to professionally negotiate to get their buyer the best possible deal. Thanks again!" Eric Endress, Downtown Cleveland, OH
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