MSN recently recognized our great city of Des Moines for something those of us who live here already know--Des Moines rocks! Des Moines offers a low cost of living, solid economy, clean air, low stress, low crime, lots of outdoor recreation, cultural & fine arts attractions like the Art Center. Check it out http://realestate.msn.com/slideshow.aspx?cp-documentid=22334217>1=35000#2.
The Cy Phillips Greater Des Moines Homes Team now offers current pre-foreclosure, auction and foreclosure listings via email to clients. If you’re interested in receiving monthly reports of foreclosure homes in your area, contact Cy and he’ll start sending you a monthly list of homes directly to your email box. Call Cy at 515-422-4731 or cyphillips@remax.net.
With the stroke of a pen last week, President Obama extended the popular and vital home buyer tax credit program into 2010. The program, which previously allowed only first-time buyers a tax credit of up to $8,000, will be extended through July 2010 and also gives all buyers (of homes purchased up to $800,000) a $6,500 credit. This could not be better news for buyers, sellers, realtors, property owners and the American economy as a whole.
The winter and holiday season are often sluggish time in the real estate market, but not this year. If you are thinking of buying or selling a home in the next year, act now. To qualify for the credit, the property must be under contract by April 30, 2010, and closed by July 1, 2010. For more information or questions about the Extended Home Buyer Tax Credit, call Cy Phillips, Remax Opportunities, Inc., 515-422-4731 or email Phillips.cy@gmail.com. Also visit, www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit.
The U.S. Senate passed an extention on the first-time home buyer's tax credit! It's expected to be approved by the house tomorrow and then off to Pres. Obama to sign. The bill extends the credit through April 2010 and adds a $6,500 tax credit for repeat buyers if they've lived in their home for five of the past eight years. Home prices are capped at $800,000. It's going to be a hot time to buy & sell!
Congress is telling us there's a chance....that the first-time home buyer tax credit will be extended to April 2010. The credit, which gives first-time home buyers up to an $8,000 credit on the purchase of a home, expires at the end of the month. The program has been instrumental in the slow, but positive turn in the housing market in Iowa and across the nation.
According to a report this week from the National Association of Realtors (NAR), key Senators have agreed to not only extending the existing credit, but also offering a new $6,500 credit for existing homeowners who have lived in their current residence for a consecutive five-year period in the past eight years. Under the terms of the new extension, home buyers must be under contract by April 30, 2010, and close before July 1.
It's not a done deal yet, though. The extension reportedly has support from President Obama, but according to the NAR report, "House Democrats have expressed concern about the cost of the tax credit for government, and allegations of abuse have resulted in an IRS probe of the program."
Serving West Des Moines, Waukee, Clive, and Urbandale and the surrounding suburbs has allowed me to become very familiar with the area, please contact me and let me share some of my knowledge with you
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