Today, Congress has passed a bill including an amending that extends and expands the Homebuyer Tax Credit. Be sure to click on the NAR link below. Here are some key points:
The tax credit for first time homebuyers (those who have not had ownership interest in a residence in the last three years): $8,000 for married couples, $4,000 for those filing separately.
Contracts need to be signed by the expiration date: April 30th, 2010.
Also, those buyers who have maintained ownership of a primary residence for five of last eight years are eligible to receive a tax credit: $6,500 for married couples, $3,200 for those filing separately.
Income limits $125,000 for those filing separately; $225,000 for married couples.
Home purchase price can not exceed $800,000.
Here is a link to the National Association of Realtors President's podcast:
http://www.realtor.org/about_nar/presidents_report/_podcast_archive/mcmillan_taxcreditextended_20091105
Check this out watch this and let me know what you think!
Senate to Vote on Tax Credit This Week! The first vote on the homebuyer tax credit will be in the Senate this week, maybe as early as tomorrow. We need you to do two things right away to help with this.
1. Click here and send a message to your two U.S. Senators
2. Forward this message to your co-workers, neighbors, customers, employees, Facebook friends -everyone you know
Additionally, for updates on the progress of the legislation, follow them on Twitter @FixHousingFirst or check out www.fixhousingfirst.com.
Did you know that cleaning the lint filter of your clothes dryer is not the only step you need to take to prevent a dryer fire? With winter weather approaching, clothes dryers will get extra use, so jump on this annual maintenance task.
You probably routinely remove lint from your dryer's lint filter between loads. But lint can still build up inside the ducting that vents hot air outdoors. This as a potential hazard, which means you should thoroughly clean out your dryer at least one a year.
Lint build-up reduces the efficiency of dryers, and lint can catch fire if it accumulates inside the dryer. The good news is dryers are pretty simple appliances, and most consumers can easily handle routine maintenance to keep the dryer safe - and keep their utility bills in check. You see, dryers need good airflow to remove moisture from clothes. When lint accumulates in the exhaust duct or the dryer's internal ducts, the dryer cannot dry clothes efficiently. A dryer that runs twice as long uses twice as much energy, lengthens the task of doing laundry and is harder on clothes.
Here are three handy tips from RepairClinic.com for keeping dryer lint under control:
1. Clean the lint filter after each load. If you use fabric softener sheets, these can lead to a build-up of gummy residue on the filter and sensors inside the drum. Wipe the sensors with a damp cloth and use a soft bristle brush and hot, soapy water to clean the filter. If the filter is torn or won't clean up, replace it.
2. Clean out lint from the area around the lint filter. If you can, use a crevice tool on a vacuum cleaner to reach into the dryer.
3. Clean the dryer exhaust duct at least once a year. Do this more often if you dry more than six loads of laundry each week, if your dryer's duct is longer than eight feet, or if the duct has more than three 90-degree bends.
Here's how to properly clean the dryer exhaust duct:
1. Use a specially designed and inexpensive vent brush to clean the duct (See opening photo). It's available in 10- and 20-ft. lengths, starting at around $20. To order, visit http://www.repairclinic.com/referral.asp?R=1511&RccPartID=424663&Acc=1
2. Begin at the dryer and feed the vent brush all the way to the outside. At the other end, remove the exterior cap so you can push out the lint.
3. Tip: straight-walled venting allows better air flow than flexible venting, so for longer runs, straight-walled venting is recommended.
Info provided by David Lake D.A.L. Maintenance & Repairs 214-417-0016 - Best Handyman
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