The Congress has enacted a legislation providing tax credit of up to $8,000 for first-time home buyers as a way of reviving the housing market. However, like all real estate transactions time is of essence if you want to take advantage of this opportunity.
In a nut shell the tax credit bill:
•· Only pertains to first-time home buyers
•· Does not have to be repaid if the property is used as the principal residence for at least three years. This is the main difference between new and the previous bill enacted in July 2008. It is not an "interest-free loan", but a true tax credit.
•· The tax credit is equal to 10 percent of the home purchase price up to a maximum of $8,000
•· The credit is available for homes purchased between January 1, 2009 and December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.
•· Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
First time Home Buyers, everything has worked out to your favor. Stop making your land lord rich and build up a financial future for your self and find a place to call home by investing in your first home today!
Call me today and I will be happy to help you find your new home.
Contact Gail Caldera, Licensed Realtors® in Massachusetts and Rhode Island at 508-212-2509 to help find a home in Massachusetts (North Attleboro, Attleboro, Foxboro, Wrentham, Mansfield, Seekonk, and Rehoboth) and Rhode Island (Barrington, Providence, East Greenwich). I accept referrals.
Call me today at (508) 212 2509. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. My Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on North Attleboro Luxury Home Blog represent the opinions and ideas of the author. This is not intended as a soliciting of any listings.
Copyright © 2008 By Gail Caldera, All Rights Reserved.*Massachusetts Real Estate Market*
Did you have your home on the market for six months, a year or more and it did not sell? If so, your home has become an "Expired" listing. It is obvious that something went wrong in the last six months or a year with your prior listing.
So, "What went wrong?" is the million dollar question.
Was your last agent's answer; "The Market." The shifting market does play a role but is only part of the equation.
In my opinion, the top reasons why homes fail to sell:
Improper Pricing- Who decided on the price? Did your agent provide factual data concerning the market conditions that was related to the value of your home? Did you choose to ignore it and request to price it substantially higher than the suggested price? If so you made the error that cost you valuable time with no results.
Did your agent agree to take the listing with no built-in price reductions or suggestions to improve the home up to the higher value standard, then the agent made an error as well.
I see sellers that go with an agent that promises the price they want or an unrealistic high price. That will not get you the TOP DOLLAR, but will make your home a stale listing that does not sell, or sell very low than what you could have imagined.
In today's market, the MOST IMPORTANT FACTOR IS "Pricing it Right!" Disappointment today is likely to be far less expensive than it will be months down the road.
Marketing- With the power of the web, informed buyers use the Internet to find their home. It is not just listing it in the local MLS and the broker's website. It is very important to stay competitive and market aggressively. Web marketing with rich data should be top priority!
Poor Condition- Every home needs some repair or improvement. Get a pre-listing inspection. Fix any necessary problems. Get rid of the clutter and keep a spotlessly clean house inside and out! Help the buyer connect with the house. It is important that your agent share with you ways that you could set your home among the most desirable. Don't be offended - it is for your best interest and will bring in the profit!
Communication - Did your agent go missing for weeks without any updates? Did you have to call the agent to get status updates? If you lacked constant communication, do you think a potential buyer request was promptly handled?
Accessibility- Making your home accessible and easy to show is very important. You can't expect to sell the house if you are not ready to show the house.
If your listing expired and you still NEED to sell, call me today @ 508 212 2509.
I will be happy to help you with the "Now" plan you need to get your home SOLD.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. My Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on North Attleboro Luxury Home Blog represent the opinions and ideas of the author. This is not intended as a soliciting of any listings.
Copyright © 2008 By Gail Caldera, All Rights Reserved.*Massachusetts Real Estate Market*
The low interest rates, first time homebuyer programs, low down payments despite the current mortgage market events and hundreds of reasonably priced properties on the market gives you the opportunity to make your home ownership dreams come true.
We all want the best deal, but don't hold back from buying a home hoping to purchase at the lowest. You will not know the bottom of the market until it begins rising again. What happens if the interest rates start increasing again, while you wait for it to hit bottom?
For most buyers, the monthly payment is an important gauge of affordability. Let me show you what can happen while you wait for the market to "bottom out."
Assume that for property worth $ 300,000 you get a 5% interest now. You decide to wait, the prices declines another 5% before appreciating again, and in the mean time the interest rate goes up from 5% to 6%. The property will be worth $285000 with a 6% interest rate. That will increase your monthly payment almost a $ 98.
The added advantage to first time home buyers is the $7500 tax credit. If you close on a home before July 1st 2009 you may be eligible for a credit of up to $7500 off your tax bill.
It's time to make your move towards your #1 investment. Avoid looking back saying "that was the best time to buy."
Call me today and I will be happy to help you find your new home.
Contact Gail Caldera, Licensed Realtors® in Massachusetts and Rhode Island at 508-212-2509 to help find a home in Massachusetts (North Attleboro, Attleboro, Foxboro, Wrentham, Mansfield, Seekonk, Rehoboth) and Rhode Island (Barrington, Providence, East Greenwich). I accept referrals.
Call me today at (508) 212 2509. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. My Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on North Attleboro Luxury Home Blog represent the opinions and ideas of the author. This is not intended as a soliciting of any listings.
Copyright © 2008 By Gail Caldera, All Rights Reserved.*Massachusetts Real Estate Market*
Good News!
** The number of single family homes sold in Massachusetts increased to around 14% from October 2007. This was the second consecutive month of Sales increase. The median Sales Price is at $285,000 in October 2008 vs $331,000 in October 2007.
The increase in Massachusetts Home Sales is attributed to the attractive interest rates, great values and wide selections of homes available.
When talking to your buyers remind that it is a great time to buy because:
Happy Buying and Happy Selling!
**Source: Market Statistics are based on a press release on 11/25/08 by Warren Group
To help you find your dream home in today's market you need an agent who understands your needs and guide you through the process.
Contact Gail Caldera, Licensed Realtors® in Massachusetts and Rhode Island at 508-212-2509 to help find a home in Massachusetts (North Attleboro, Attleboro, Foxboro, Wrentham, Mansfield, Seekonk, Rehoboth) and Rhode Island (Barrington, Providence, East Greenwich). I accept referrals.
Call me today at (508) 212 2509. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. My Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on North Attleboro Luxury Home Blog represent the opinions and ideas of the author. This is not intended as a soliciting of any listings.
Copyright © 2008 By Gail Caldera, All Rights Reserved.*Massachusetts Real Estate Market*
As we reach the end of the year, let us take a peak at the North Attleboro, Massachusetts luxury home market trend for the past year. The North Attleboro Massachusetts Luxury Home Market consists of houses priced over $750,000. However, price alone does not distinguish that status. Therefore, homes with a minimum value of $500,000 can also be considered luxury homes depending on the location, architecture, decor, decadent amenities, and myriad other details.
Currently 12 properties in the North Attleboro area are priced over $750,000 for sale. The highest price residential listing for sale in the North Attleboro Massachusetts Luxury Home Market is listed at $1,349,000.
What about what is sold in the North Attleboro Luxury home market?
There have been 4 sales of luxury homes in North Attleboro from 01/01/2008 to 10/31/2008. This compares to a total of 9 homes for the same period of last year. This represents a decline of about 44%.
Luxury homes in North Attleboro Massachusetts are mostly located in the Westwood Estates subdivision.
Here are some other photos of luxury properties for sale in the area.
Based on the past 3 month statistics, the luxury properties will take longer than 251 days to sell.
To get your North Attleboro Massachusetts Luxury property sold in today's market you need an agent with an online dominance since over 85% of all property searches start on line.
Contact Gail Caldera, Licensed Realtors® in Massachusetts and Rhode Island at 508-212-2509 to list your property for sale or to purchase a property in Massachusetts (North Attleboro, Attleboro, Foxboro, Wrentham, Mansfield, Seekonk, Rehoboth) and Rhode Island (Barrington, Providence, East Greenwich). I accept referrals.
Call me today at (508) 212 2509. Contact me by email if you prefer by clicking on email me on the right side of this page under my profile.
Disclaimer: The information provided herein is supplied by several sources and is subject to change without notice. My Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on North Attleboro Luxury Home Blog represent the opinions and ideas of the author. This is not intended as a soliciting of any listings.
Copyright © 2008 By Gail Caldera, All Rights Reserved.*North Attleboro Massachusetts Luxury Homes Market Update*
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