Learn how you can take advantage of the tax credit to buy the home of your dreams!

Congress Enacts Bigger and Better
Home Buyer Tax Credit

A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid.

Enhanced Tax Credit Provides Outstanding Opportunity for Home Buyers

In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers.

But time is of the essence for buyers who want to take advantage of this opportunity. Only homes purchased on or after January 1, 2009 and before December 1, 2009 are eligible. Use the links below to find out more about the tax credit.

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$8,000 Home Buyer Tax Credit at a glance

• The tax credit is for first-time home buyers only.
• The tax credit does not have to be repaid.
• The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
• The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

Frequently Asked Questions About the Home Buyer Tax Credit

The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.

1. Who is eligible to claim the tax credit?
   First-time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before 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.
   
   
2. What is the definition of a first-time home buyer?
   The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.
   
   For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.
   
   
3. How is the amount of the tax credit determined?
   The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
   
   
4. Are there any income limits for claiming the tax credit?
   The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return. The tax credit amount is reduced to zero for taxpayers with MAGI of more than $95,000 (single) or $170,000 (married) and is reduced proportionally for taxpayers with MAGIs between these amounts.
   
   
5. What is "modified adjusted gross income"?
   Modified adjusted gross income or MAGI is defined by the IRS. To find it, a taxpayer must first determine "adjusted gross income" or AGI. AGI is total income for a year minus certain deductions (known as "adjustments" or "above-the-line deductions"), but before itemized deductions from Schedule A or personal exemptions are subtracted. On Forms 1040 and 1040A, AGI is the last number on page 1 and first number on page 2 of the form. For Form 1040-EZ, AGI appears on line 4 (as of 2007). Note that AGI includes all forms of income including wages, salaries, interest income, dividends and capital gains.
   
   To determine modified adjusted gross income (MAGI), add to AGI certain amounts such as foreign income, foreign-housing deductions, student-loan deductions, IRA-contribution deductions and deductions for higher-education costs.
   
   
6. If my modified adjusted gross income (MAGI) is above the limit, do I qualify for any tax credit?
   Possibly. It depends on your income. Partial credits of less than $8,000 are available for some taxpayers whose MAGI exceeds the phaseout limits.
   
   
7. Can you give me an example of how the partial tax credit is determined?
   Just as an example, assume that a married couple has a modified adjusted gross income of $160,000. The applicable phaseout to qualify for the tax credit is $150,000, and the couple is $10,000 over this amount. Dividing $10,000 by $20,000 yields 0.5. When you subtract 0.5 from 1.0, the result is 0.5. To determine the amount of the partial first-time home buyer tax credit that is available to this couple, multiply $8,000 by 0.5. The result is $4,000.
   
   Here's another example: assume that an individual home buyer has a modified adjusted gross income of $88,000. The buyer's income exceeds $75,000 by $13,000. Dividing $13,000 by $20,000 yields 0.65. When you subtract 0.65 from 1.0, the result is 0.35. Multiplying $8,000 by 0.35 shows that the buyer is eligible for a partial tax credit of $2,800.
   
   Please remember that these examples are intended to provide a general idea of how the tax credit might be applied in different circumstances. You should always consult your tax advisor for information relating to your specific circumstances.
   
   
8. How is this home buyer tax credit different from the tax credit that Congress enacted in July of 2008?
   The most significant difference is that this tax credit does not have to be repaid. Because it had to be repaid, the previous "credit" was essentially an interest-free loan. This tax incentive is a true tax credit. However, home buyers must use the residence as a principal residence for at least three years or face recapture of the tax credit amount. Certain exceptions apply.
   
   
9. How do I claim the tax credit? Do I need to complete a form or application?
   Participating in the tax credit program is easy. You claim the tax credit on your federal income tax return. Specifically, home buyers should complete IRS Form 5405 to determine their tax credit amount, and then claim this amount on Line 69 of their 1040 income tax return. No other applications or forms are required, and no pre-approval is necessary. However, you will want to be sure that you qualify for the credit under the income limits and first-time home buyer tests.
   
   
10. What types of homes will qualify for the tax credit?
    Any home that will be used as a principal residence will qualify for the credit. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats. The definition of principal residence is identical to the one used to determine whether you may qualify for the $250,000 / $500,000 capital gain tax exclusion for principal residences.
    
    
11. I read that the tax credit is "refundable." What does that mean?
    The fact that the credit is refundable means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit.
    
    For example, if a qualified home buyer expected, notwithstanding the tax credit, federal income tax liability of $5,000 and had tax withholding of $4,000 for the year, then without the tax credit the taxpayer would owe the IRS $1,000 on April 15th. Suppose now that the taxpayer qualified for the $8,000 home buyer tax credit. As a result, the taxpayer would receive a check for $7,000 ($8,000 minus the $1,000 owed).
    
    
12. I purchased a home in early 2009 and have already filed to receive the $7,500 tax credit on my 2008 tax returns. How can I claim the new $8,000 tax credit instead?
    Home buyers in this situation may file an amended 2008 tax return with a 1040X form. You should consult with a tax advisor to ensure you file this return properly.
    
    
13. Instead of buying a new home from a home builder, I hired a contractor to construct a home on a lot that I already own. Do I still qualify for the tax credit?
    Yes. For the purposes of the home buyer tax credit, a principal residence that is constructed by the home owner is treated by the tax code as having been "purchased" on the date the owner first occupies the house. In this situation, the date of first occupancy must be on or after January 1, 2009 and before December 1, 2009.
    
    In contrast, for newly-constructed homes bought from a home builder, eligibility for the tax credit is determined by the settlement date.
    
    
14. Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program?
    Yes. The tax credit can be combined with the MRB home buyer program. Note that first-time home buyers who purchased a home in 2008 may not claim the tax credit if they are participating in an MRB program.
    
    
15. I live in the District of Columbia. Can I claim both the Washington, D.C. first-time home buyer credit and this new credit?
    No. You can claim only one.
    
    
16. I am not a U.S. citizen. Can I claim the tax credit?
    Maybe. Anyone who is not a nonresident alien (as defined by the IRS), who has not owned a principal residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase. The IRS provides a definition of "nonresident alien" in IRS Publication 519.
    
    
17. Is a tax credit the same as a tax deduction?
    No. A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $8,000 in income taxes and who receives an $8,000 tax credit would owe nothing to the IRS.
    
    A tax deduction is subtracted from the amount of income that is taxed. Using the same example, assume the taxpayer is in the 15 percent tax bracket and owes $8,000 in income taxes. If the taxpayer receives an $8,000 deduction, the taxpayer's tax liability would be reduced by $1,200 (15 percent of $8,000), or lowered from $8,000 to $6,800.
    
    
18. I bought a home in 2008. Do I qualify for this credit?
    No, but if you purchased your first home between April 9, 2008 and January 1, 2009, you may qualify for a different tax credit.
19. Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 tax return?
    Yes. Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. Reducing tax withholding (up to the amount of the credit) will enable the buyer to accumulate cash by raising his/her take home pay. This money can then be applied to the downpayment.
    
    Buyers should adjust their withholding amount on their W-4 via their employer or through their quarterly estimated tax payment. IRS Publication 919 contains rules and guidelines for income tax withholding. Prospective home buyers should note that if income tax withholding is reduced and the tax credit qualified purchase does not occur, then the individual would be liable for repayment to the IRS of income tax and possible interest charges and penalties.
    
    Further, rule changes made as part of the economic stimulus legislation allow home buyers to claim the tax credit and participate in a program financed by tax-exempt bonds. Some state housing finance agencies, such as the Missouri Housing Development Commission, have introduced programs that provide short-term credit acceleration loans that may be used to fund a downpayment. Prospective home buyers should inquire with their state housing finance agency to determine the availability of such a program in their community.
20. If I'm qualified for the tax credit and buy a home in 2009, can I apply the tax credit against my 2008 tax return?
    Yes. The law allows taxpayers to choose ("elect") to treat qualified home purchases in 2009 as if the purchase occurred on December 31, 2008. This means that the 2008 income limit (MAGI) applies and the election accelerates when the credit can be claimed (tax filing for 2008 returns instead of for 2009 returns). A benefit of this election is that a home buyer in 2009 will know their 2008 MAGI with certainty, thereby helping the buyer know whether the income limit will reduce their credit amount.
    
    Taxpayers buying a home who wish to claim it on their 2008 tax return, but who have already submitted their 2008 return to the IRS, may file an amended 2008 return claiming the tax credit. You should consult with a tax professional to determine how to arrange this.
21. For a home purchase in 2009, can I choose whether to treat the purchase as occurring in 2008 or 2009, depending on in which year my credit amount is the largest?
    Yes. If the applicable income phaseout would reduce your home buyer tax credit amount in 2009 and a larger credit would be available using the 2008 MAGI amounts, then you can choose the year that yields the largest credit amount.

Copyright © 2009 National Association of Home Builders. All rights reserved.

Chat with the Animal Poison Experts!

Naturally, we all want to include our pets in our holiday celebrations. After all, they're family! But we also want to keep our furry friends safe from all the potentially toxic "goodies" that enter the home during the holiday season. On hand to tell us how were the ASPCA's Dana Farbman, CVT, Senior Manager, Professional Communications, and Dr. Eric Dunayer, Veterinary Toxicologist. During a live online chat on the ASPCA community, these two experts answered questions on everything from chocolate and stuffing to Christmas tree safety!

Since Thanksgiving is right around the corner, I was wondering-is it safe to give dogs some of the foods we eat at our traditional meal?
-Lisa

There is certainly nothing better than family, friends and lots of good food during the holidays. So why wouldn't we want to share that with our furry family members, too?

As long as your dogs do not have any dietary restrictions or a history of gastrointestinal problems, offering a few small boneless pieces of thoroughly cooked turkey, a taste of mashed potato or even a lick of pumpkin pie should not pose a problem for them. Just don't allow them to overindulge, or your dogs could wind up with a case of stomach upset, diarrhea, or even worse-an inflammatory condition of the pancreas known as pancreatitis.

Just be sure to avoid giving potentially poisonous items such as garlic, onions or chocolate, as well as goodies sweetened with xylitol, which could lead to a sudden drop in blood sugar, causing seizures and even liver failure in some cases.

I hope that you and your dogs have a very happy Thanksgiving!
-Dana Farbman, CVT

I have a Great Dane and a Weimie, and as strange as it may sound, they love gummy bears-stale gummy bears to boot. I end up using them as bribes sometimes, but never overindulge. They never get more than one a day. We have new puppies at our house who are five months old and only weigh about 30 pounds. They accidentally got one of the gummies the other night. Can the little bit of sugar and gelatin in the gummies hurt the pups?
-Laura

Your question is not as strange as you think. I have a young daughter who likes gummy bears, and my five dogs are always fixated on her when she eats them! To answer your question, as long as the gummies are not sweetened with xylitol (which can cause seizures and liver failure in dogs), and they are not consuming more than a couple here and there, gummies are not likely to pose a poisoning risk. Of course, these chewy goodies could potentially pose a choking hazard, so do be sure to supervise your dogs and puppies when offering them the occasional gummy.

As a side note, we did manage a case where a dog became very ill and died from eating more than a pound of gummies-so please do be sure to keep these treats your dogs treasure in a secure cabinet above the counter so they do not help themselves.
-Dana Farbman, CVT

Last year, I was shopping at a pet store, and I saw some holiday treats for dogs that contained ginger and cinnamon, things I wouldn't feel comfortable feeding them. I also saw they're coming out with chocolate treats for dogs-are they safe since they are made for dogs? Thanks.
-Theresa

In small amounts, these treats are likely to be safe (even chocolate). Some "chocolate" dog treats actually contain carob, which is safe. If these treats make you uncomfortable, I would stick to "traditional" pet treats.
-Dr. Eric Dunayer

Can we give our dogs turkey or any of the regular stuff you have at Thanksgiving, like corn? And can dogs have milk or juice?
-Theresa

Boneless, fully cooked turkey in small amounts should not pose a problem for your dogs, and the same goes for a sampling of corn as a treat. As for milk, dogs do not digest dairy products as well as most humans do, so if you wish to offer this beverage, do not give more than a tablespoon or so or diarrhea could develop.

Small quantities of apple, orange or tomato juice would not likely be a problem, but because we know that grapes and raisins can cause kidney failure in dogs, it would be wise to stay away from grape juice.
-Dana Farbman, CVT

Which items do we really need to keep away from our pets during the holidays? Which items may contain lead or other harmful chemicals?
-Cynthia

Lead may be a problem in older ornaments that were made before lead paint was banned in their use. However, unfortunately, as we have learned recently, even newer items may contain lead (although they are not supposed to).

Batteries-which may be needed to run toys and remote controls-can be dangerous if chewed or swallowed. They contain alkaline chemicals that cause burns to the mouth and esophagus.

Possible physical hazards include cuts to the mouth from chewing up sharp objects or an intestinal obstruction if large pieces of an object are swallowed.
-Dr. Eric Dunayer

Most people know about chocolate, and I recently found out about onions and grapes, but is there anything else I shouldn't let my pets have?
-Drew

In general, you should avoid giving "people" food to dogs and cats because they can cause vomiting and diarrhea in animals not used to eating them.
Foods to especially avoid:

• Raw or undercooked turkey or chicken due to salmonella
• Macadamia nuts (can cause weakness and tremors)
• Xylitol (a sugar-substitute used in sugar-free candies, gums and baked goods that can cause low blood sugar and liver damage in dogs.)
• Raisins and grapes (can cause kidney failure)
• Onions and garlic (can cause anemia)
• Avocado (can cause heart failure in pet birds)

-Dr. Eric Dunayer

What types of plants should I guard against in the Christmas season? I know about the poinsettia, but are there others? I would like to buy different types of plants, but I would like to know which are safe.
-Lisa

Poinsettia has a reputation that it can be deadly if eaten. This is not true. While ingestion of the plant can lead to vomiting and diarrhea, it is not likely to be life-threatening.

Ingestion of most other holiday plants like holly, Christmas cactus and Christmas trees may cause vomiting and diarrhea, but are not likely to be serious either.

Mistletoe can also cause gastrointestinal upset.
-Dr. Eric Dunayer

Is it dangerous for cats and dogs to be around the fumes of the scented candles that go along with holidays? Thank you.
-Max

I would not expect the fumes from candles to be a problem for dogs and cats as long as the room is well-ventilated. However, birds, because they are very sensitive to fumes, should not be kept in the same room with a scented candle for safety's sake.
-Dr. Eric Dunayer

I read about a spray that is used to prevent cats from eating plants and Christmas trees-does this kind of product work? These are the ingredients: proprietary bittering agents in a deionized water base, grapeseed extract, lemon extract, natural bitter cherry flavor and bitrex. Does this sound safe to use? My cats love plants (to shreds) and I like live trees, but I don't want to risk having a live tree if the kitties are going to eat it.
-Lauren

Like the product you found, there are a number of deterrent products available at pet stores that are formulated to be used as an aid to help prevent your pets from chewing on plants and other objects. However, the response to these deterrents is individual; some animals may find it extremely unpleasant, while others may not be fazed or may even find the item you've sprayed more attractive (my cat happens to view deterrents as a delicious treat).

Above all, there is no good substitute for supervision-which gives you opportunities to redirect your cats to something they can chew on when they show an interest in the plants in your yard or home. And of course, as Dr. Dunayer mentioned, the safest approach is to keep these plants completely out of reach of your kitties.
-Dana Farbman, CVT

When I make a cake, my dogs corner me in the kitchen wanting to lick the beaters. I let them once but haven't since. I didn't know if there is anything in the cake mix that could harm them.
-Betty

My main concern would be for cake batter that had raw eggs in it because of the risk of salmonella bacteria. The amount of chocolate in a chocolate cake mix from a lick shouldn't be a problem.
-Dr. Eric Dunayer

My dog loves chocolate. I give her a little piece once a week. I heard that a little bit once in a while won't hurt her. But am I wrong? Also, fake trees don't cause any real concern for dogs, do they? One more thing-is there any traditional Thanksgiving food a dog shouldn't have?
-Amber

Chocolate is a potentially harmful food for dogs, but there is an old saying in the field of toxicology: It is the dose that determines the poison. What does this mean for your situation? Basically, an occasional tiny taste of milk chocolate is not likely to pose a health problem in an average sized dog. It is important to keep in mind, though, that in addition to the potentially poisonous caffeine-like substance they contain, many forms of chocolate also have large amounts of fat, which could lead to gastrointestinal problems or even inflammation of the pancreas if enough is ingested.

As for faux holiday trees, there is typically no toxic concern from most newer tree products, especially those made in the U.S. If your dog were to chew on the tree and ingest large pieces, though, he could be at risk for choking or an intestinal obstruction. Therefore, it is still a good idea to discourage your dog from nibbling on your faux tree.

For Thanksgiving dinner, offering a small piece of boneless, thoroughly cooked turkey, plain mashed potatoes and a smidge of pumpkin pie is not likely to be a harmful treat for your dog. Just be sure to avoid giving foods with large amounts of onion or garlic, or any treats sweetened with xylitol-a sweetener that can lower the blood sugar of dogs and lead to life threatening signs such as seizures and liver failure. I hope this information has been helpful to you; have a safe holiday season!
-Dana Farbman, CVT

I've been told that white chocolate won't hurt dogs. Is it okay to give them a small dose of white or milk chocolate? I have 70-pound Labs and would never want to hurt them. But they drool anytime I eat a Three Muskeeters bar! Also, I've been told that I can melt almond bark and dip their milk bones in it. Is this okay?
-Betty

White chocolate is very low in the toxins we worry about and a 70-pound dog would need to eat a lot-literally pounds of it- to cause problems. It is still high in fat, and this can be a problem. Small amounts of milk chocolate should not be a problem for large dogs, but again, it is high in fat. It is best to avoid chocolate so they don't get the taste for it.

Almond bark doesn't contain the toxins in chocolate so it should be safe (but again, high in fat). You may want to consider using carob, which is not toxic.
-Dr. Eric Dunayer

Just recently, our water heater burst. There was water everywhere. When I was cleaning it up, my cat started to drink it. I had a hard time getting him away from it. Now, he is constantly going into the garage by the water heater, as if he is waiting for it to happen again. How toxic is the water from a water heater? Ours is electric. Thank you.
-Cynthia

Water from the heater shouldn't be a big problem since it is just heated water. With time, minerals can precipitate out in the heater or the lining may rust. Rust is not poisonous. I would discourage your cat from drinking the water but I wouldn't expect any serious problems.
-Dr. Eric Dunayer

I sometimes give my dog chicken as a treat. Is turkey safe? How about pumpkin pie? I heard pumpkin is good for dogs with an upset stomach. Would that be just the pumpkin pulp, the one without the sugar and spices?
-Jessica

Small amounts of well cooked turkey are fine. (As with people, don't give raw or undercooked turkey because it can contain Salmonella.)

Pumpkin pie may be too rich for some dogs, and can cause vomiting and diarrhea. A taste may be okay, but be careful not to give too much. At the ASPCA Animal Poison Control Center, we will sometimes recommend pumpkin filling to add fiber to a dog's diet. But we recommend using the plain filling without spices and added sugar.
-Dr. Eric Dunayer

We usually have a small tree, so it's easy enough for me to keep it out of paw's reach-but are there any things I should be concerned about with cats and Christmas trees? (Luckily, Bing & Puff mustn't be thrilled with my tree-trimming skills because they usually totally ignore the tree...) Thanks so much.
-Pune

Christmas tree varieties such as pine, spruce and fir contain essential oils and resins that may produce gastrointestinal irritation and minor nervous system depression if ingested in large enough quantities. Additionally, the needles could cause mechanical damage to the tissues of the mouth and gastrointestinal tract. Because cats can be much more sensitive to the effects of essential oils, it is a good idea to discourage your kitties from nibbling on your holiday tree.

Christmas tree water may sometimes contain preservatives or fertilizers, which if ingested, can cause stomach upset. Stagnant tree water can also act as a breeding ground for bacteria, and if ingested, a pet could end up with nausea, vomiting and diarrhea. Because of this, we would advise discouraging your cats from taking a drink of this water. Have a happy and safe holiday season!
-Dana Farbman, CVT

I bake a lot during the holidays. Are all nuts safe for dogs or are some toxic? Thanks!
-Addie

In general, nuts are safe for dogs. They are high in fat, so in some dogs they can cause an inflammation of the pancreas, which can be serious. They are also high in calories, and can contribute to obesity. In general, avoid feeding a large amount of nuts.

One type of nut to watch out for is the macadamia nut. For reasons we don't understand, dogs who eat these become weak, unsteady on their feet and may develop tremors. In addition, they may vomit. Usually, they recover on their own, but severe cases may need to go to the veterinarian. As few as four or five macadamia nuts can cause problems in a 10-pound dog.

A lot of people ask about almonds because some sources say they contain cyanide. Bitter almonds contain cyanide but these are not sold for food in this country. Sweet almonds, the kind we do eat, do not contain cyanide.
-Dr. Eric Dunayer

Every Thanksgiving, when I cook stuffing, I use sage in it. My cat is attracted to smell-he will jump on the counter to get it. Is sage bad for cats?
-Cynthia

Sage (Salvia species) is considered to be edible in small amounts. However, it and many other herbs contain essential oils and resins that can cause gastrointestinal upset and even central nervous system depression if eaten in large quantities.

Cats are sensitive to the effects of essential oils, so for safety's sake, I suggest you break the bad news to kitty and keep him away from the sage you are cooking with this Thanksgiving. Have a wonderful holiday season!
-Dana Farbman, CVT

I love chocolate! I love to melt chocolate chips and eat it that way. Well, we have a 10-year-old cat who was abandoned and an outdoor cat for a long time. She has kidney failure and probably won't last the year. She'll eat almost anything-she wants to eat chocolate, too, but I don't let her have any. I know it's poisonous for dogs. Am I giving her every last day she has by denying her chocolate?
-Yvonne

Chocolate can be a problem for cats, just as it for dogs. Since cats tend to be smaller than most dogs, it doesn't take as much chocolate to be a problem. Also, the type of chocolate makes a difference. The darker the chocolate the more dangerous, so bittersweet or dark chocolate is worse than milk chocolate.

Another possible problem is that the toxins in chocolate are excreted through the kidneys. Since your kitty has kidney problems (so sorry to hear that), I would not let her have chocolate, since she would not be able to eliminate the toxins as well.
-Dr. Eric Dunayer

©2008 ASPCA. ALL RIGHTS RESERVED.

A News Series from Angelique Kenney at Coldwell Banker Tomlinson Highlighting Real Estate Tips

This month's Highlights:

The weather is cold and house are still selling!

When moving your family dog could be at risk!

From MSN.com

MSN released a list of the Best and Worst states for jobs based on unemployment figures, and they offer the "mean" wage of each state. Mean wage is a term meaning that half the jobs pay more and half pay less.

Here are the top fifteen states;

1. South Dakota
Unemployment rate: 3 percent
Population: 796,214
Mean annual wage: $30,460
Top industry: Trade, transportation and utilities (19.9 percent)

********2. Idaho********
Unemployment rate: 3 percent
Population: 1,499,402
Mean annual wage: $34,810
Top industry: Trade, transportation and utilities (20.2 percent)

3. Wyoming
Unemployment rate: 3.1 percent
Population: 522,830
Mean annual wage: $34,290
Top industry: Government (23 percent)

4. Nebraska
Unemployment rate: 3.2 percent
Population: 1,774,571
Mean annual wage: $34,300
Top industry: Trade, transportation and utilities (21.1 percent)

5. Utah
Unemployment rate: 3.2 percent
Population: 2,645,330
Mean annual wage: $35,540
Top industry: Trade, transportation and utilities (19.7 percent)

6. Hawaii
Unemployment rate: 3.2 percent
Population: 1,283,388
Mean annual wage: $38,630
Top industry: Government (19.6 percent)

7. North Dakota
Unemployment rate: 3.3 percent
Population: 639,715
Mean annual wage: $32,440
Top industry: Trade, transportation and utilities (21.4 percent)

8. Virginia
Unemployment rate: 3.5 percent
Population: 7,712,091
Mean annual wage: $41,450
Top industry: Government (18 percent)

9. Montana
Unemployment rate: 3.6 percent
Population: 957,861
Mean annual wage: $31,290
Top industry: Trade, transportation and utilities (20.5 percent)

10. New Hampshire
Unemployment rate: 3.6 percent
Population: 1,315,828
Mean annual wage: $39,250
Top industry: Trade, transportation and utilities (23.3 percent)

11. New Mexico
Unemployment rate: 3.7 percent
Population: 1,969,915
Mean annual wage: $33,980
Top industry: Government (23.2 percent)

12. Delaware
Unemployment rate: 3.8 percent
Population: 864,764
Mean annual wage: $41,680
Top industry: Trade, transportation and utilities (18.7 percent)

13. Maryland
Unemployment rate: 3.8 percent
Population: 5,618,344
Mean annual wage: $44,030
Top industry: Government (18.2 percent)

14. Iowa
Unemployment rate: 4 percent
Population: 2,988,046
Mean annual wage: $33,250
Top industry: Trade, transportation and utilities (20.4 percent)

15. Vermont
Unemployment rate: 4 percent
Population: 621,254
Mean annual wage: $36,350
Top industry: Trade, transportation and utilities (19.4 percent)

Michigan heads the list of "worst states", followed by Mississippi, South Carolina, Alaska, California, D.C., Ohio, Arkansas, Nevada, and Kentucky.

About Coldwell Banker^®
Since 1906, the Coldwell Banker^® organization has been a premier full-service real estate provider. In 2007, Franchise Times magazine's prestigious Top 200 issue ranked the Coldwell Banker system No. 1 in real estate for the eighth straight year and 12th among franchisors in all industries. The Coldwell Banker System has approximately 3,800 residential real estate offices and nearly 120,000 sales associates in 46 countries and territories. The Coldwell Banker System is a leader in the industry in residential and commercial real estate, and in niche markets such as resort, new home and luxury property through its Coldwell Banker Previews International^® division. It is a pioneer in consumer services with its Coldwell Banker Concierge^® Service Program and award-winning Web site, www.coldwellbanker.com. Coldwell Banker Mortgage is one of the largest telephone/Web-based lenders in the country. Coldwell Banker Real Estate LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services. Coldwell Banker^® is a registered trademark licensed to Coldwell Banker Real Estate LLC. Each office is independently owned and operated.

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This the article #2 for our association of realtor that got sent to us recently. I somewhat agree with it; let me explain, when it come to other agents yes be careful but for agents that are honest and work very hard, like myself (by the way most of the crooks and flight by night agents are out of business by now) are always looking for our client's best interest first.

When it come to "double ending" a property, meaning representing both the seller and then bringing the buyer to purchase the very same property, well first I represent the seller since they hired me AND I also represent the buyer's best interest. In this case I have to be very careful on how I operate and stay neutral on both side of the fence. I will absolutely not reveal personal information to one party from the other since they are both hiring me to do my job of facilitating the transfer of the property form the seller to the buyer, besides it would be unethical.

I can assure you that I will work hard for you, ask any of my past clients that I represented on a "double ending" deal. They were both happy and all went well.

I hope that if you are a first time home buyer and you are reading this it will make more sense to you...

Myth #2:

The agent on the For Sale sign will look out for my interests.

You would think that all the changes in agency disclosure laws over the years would have

altered the way consumers approach buying a home. But in my experience, most buyers, and

especially first-time buyers, still don't understand the concept of representation and mistakenly

believe that a listing agent will watch out for their interests. Unfortunately, buyers are still more

likely to shop for homes rather than shop for an agent who will assist them in finding a home.

I've tried to help dispel this myth with my advertising campaigns targeting buyers. Most of us

would agree that it's very challenging to prospect for buyers. But I believe that in order to reach

them, my ads can't just promote my listings; my ads need to promote me. One campaign I run

uses this theme: "Don't call on signs. Don't call on ads. Call on Randy". My marketing message

goes on to explain what, specifically, I offer buyers.

But really connect with buyers, you need to be very clear about your own unique value

proposition, and be able to convey this very quickly. Are you going to tell buyers about your

great negotiating skills? Your diligence in finding every prospective home? Or your unsurpassed

knowledge of your market? Whatever it is, you need to pinpoint and refine your message to

buyers and include it in all your communications directed towards them.

From the Ada county association of Realtors.