Buying a home with a tax incentive from Uncle Sam is almost here for a whole new crop of homebuyers.
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package. But the program will expire November 30. The Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes.
If the House approves the bill on Thursday, Nov. 6, buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers - or anyone who hasn't owned a home in the last three years - would still get up to $8,000. To qualify, buyers in both groups will have to close on a home purchase by June 30, 2010.
About 1.4 million first-time homebuyers have qualified for the credit through August. The National Association of Realtors (NAR) estimates that 350,000 of them would not have purchased their homes without the credit.
The credit is available for the purchase of your principal residence that would cost $800,000 or less, meaning vacation homes are ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000.
The credit would be extended an additional year, until June 30, 2011, for members of the military serving outside the United States for at least 90 days.
Keep watching the news for updates on actions taken by Congress, or call me and I will tell you the latest info I have on the legislation.
Gayle Causey
318-614-5615
Realtor, Relocation Specialist
Keller Williams Realty, 1390 Hudson Lane, Monroe, LA USA
Each office independently owned & operated.
You may not know it, but people are moving to Monroe, LA, all the time! I recently met a new family who will be moving here soon to a new job. They are looking forward to new adventures in Monroe, but their move is a little more complicated because they have baby TWINS, plus an adorable 2-yr. old.
This family needs to find a home for their 70 Lb shepherd mix named Piper. She is very affectionate but would be happiest in a home with older children and no other dogs. She has all of her shots and has no health problems. If you can open your heart to sweet Piper, please email spencerlange@hotmail.com or email me and I will get the message to him.
Finding homes is my specialty. I guess I'll branch out to 4-legged clientele!
Gayle Causey, 318-614-5615
Gayle@GayleCausey.com
Equal Housing Opportunity.
Keller Williams Realty
1390 Hudson Lane, Monroe, LA USA, 318-812-7653
Each office independently owned & operated.
Saturday, Oct. 31, you can get rid of household hazardous materials at the Ike Hamilton Expo Center in West Monroe, LA.
From 9am to 1pm, residential materials will be accepted, no commercial items or chemicals.
Clean out the garage & boxes of old stuff such as acids, aerosol cans, arsenic, auto products, cooking oil, batteries, bleach, bug sprays, wood preservatives, cleaning solvents, corrosive cleaners, degreasers, disinfectants, paint thinner, paint, fluorescent tubes, lawn and garden products, lighter fluid, moth balls, oven cleaners, polishes, televisions, stereos, turpentine, pool chemicals and medications.
If you are planning to put your house on the market, now is the time to get rid of all this stuff! Remember, you can't put any of this in regular garbage cans or take it to the dump.
They WILL NOT ACCEPT furniture, power tools, Styrofoam, fire extinguishers, fireworks and ammunition.
ULM Department of Toxicology students will be volunteering at the collection. Sponsors for this event are Keep Monroe Beautiful, Keep Ouachita Parish Beautiful and Keep West Monroe Beautiful. For further information, contact Kelby Neal at 325-5326.
Thanks for doing your part to save the planet. Mother Earth will breathe a little easier! :-)
Gayle Causey
318-614-5615
http://WestMonroeRealEstate.com
Keller Williams Realty, 318-812-7653 1390 Hudson Lane, Monroe, LA USA
Each office independently owned & operated.
BIG NEWS!
Watch for details coming soon about a special, invitation-only event with discounts for my frie
nds and customers at one of the area's largest electronics and appliances dealers. The store will be closed to the public for this special event, so you can expect to receive excellent service and the best prices!
If you want to know more about it, email me at Gayle@GayleCausey.com for details. I will let you know the time, date and all other details. Your invitation will cost you NOTHING (-$0-) except what you choose to buy during the shopping event. There is absolutely no obligation.
This event will be at a store in Monroe, LA, on a SUNDAY evening in time for your holiday shopping.
I hope to hear from you soon, and I look forward to seeing you there!
Gayle Causey
318-614-5615
Gayle@GayleCausey.com
Keller Williams Realty, 1390 Hudson Lane, Monroe, LA USA 318-812-7653
Each office independently owned & operated.
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