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Homes for Sale, Mobile Alabama Houses for sale, Mobile AL

CONGRESS HAS EXTENDED THE HOMEBUYER TAX CREDIT

We are waiting for The President to sign this legislation. The following provisions will be included:

  • Eligible buyers now will have until April 30th of 2010 to sign a contract to buy a home.
  • First time buyers will still be eligible for a rebate up to $8000 (10% of price of home).
  • Current home owners who have owned their principal residence at least 5 years will now be eligible.
  • Current home owners will be eligible for a rebate of up to $6500.
  • Income limits are increased to maximum of $125,000 or $225,000 for married couples.
  • Maximum home value is $800,000.

So now everyone can benefit except those poor souls who have owned their home less than 5 years. Why was this group left out? I don't have a clue. The rest can now get their stimulus money. I like seeing stimulus applied to the average family. Let it trickle up. The banks, car manufacturers and big insurance companies have enough of our tax money already.

Little Buddy Tracking Device

So you want to know where your toddler is at all times? Just place this GPS device in his pocket and you will get a signal to your smart phone. It can also be placed in an older child's back pack before school. In fact, when you use your imagination, you can think of ways to track your spouse; Like if he wanders into a local pub instead of coming straight home. LOL The down side to this device is that if the person being tracked is aware of the device, it is quite easy to fool the system. Your school child could stash the device in the locker and skip school undetected. Your spouse could leave the device in his car and ride with a friend. Nothings perfect.

Tax Credit May Be Extended

No word yet on an extension of the $8000 First Time Home Buyer tax credit. Unless Congress acts, the current credit will expire December 1st. So you must CLOSE no later than November 30th to qualify. Most experts tell me that we will get an extension in some form or other. It may even be better. Remember the sad folks who hurried to get closed before the old one expired only to discover that the current one did not require a pay back if the home is lived in for at least three years. I will keep everyone informed as soon as I know something to hang your hat on.

TAX CREDIT WHEN YOU SAVE ENERGY

If you are planning to do a little home updating, check to see if you can get a tax credit (that's money off your tax bill, not just a deduction). These credits are for existing homes only. You can get 30% of certain Energy Star replacement items up to a maximum of $1500 per homeowner for all improvements combined. Not all items that are labeled "Energy Star" actually qualify. Better check to be sure and do not rely on the label only. Here are some of the items that can get you a credit:

  • Insulation that meets 2009 IECC Amendment requirements.
  • Doors and windows that meet Energy Star criteria.
  • Water heaters that have an energy factor of at least 0.82.
  • Air conditioners with over 14 SEER efficiency.
  • Solar enery systems.
  • Wind energy systems.

Go to www.energystar.gov for more details. Hey, it doesn't have to cost a lot of money to do the right thing. Sometimes it even pays!

COLLEGE FOOTBALL RANKINGS

If you love college football as much as I do, you probably are waiting for the rankings to come out each week. I have found (many of you probably already knew this) that I don't have to wait until they are announced to find out what the voting was for each new week. I now go to the website which has it first. http://espn.go.com/college-football/rankings is where it can be found. I keep an icon of this site on my home page of my computer. Often during a game, I will go to this site. Each team shown can be clicked on and then you go to their page which shows the schedule with wins and losses to date and lots more. Try it. I hope it makes you as happy as it makes me.