Lisa Bartlett

President Obama just signed the legislation to extend and expand the home buyer's tax credit. This is GREAT news!

There are some new, great changes to the tax credit. The biggest change being that CURRENT HOMEOWNERS will now be eligible for an up to $6,500 tax credit. If you sell your home and buy another (aka relocate) AND you've lived in your current home for at least 5 years, you may be eligible for the tax credit.

I will post the details of this fully under the $8,000 Tax Credit link on the left side of my web site at www.azhouseagent.com.

I will also post a FAQ shortly outlining the details, once it has been fully passed by the President.

If you'd like to know what your home is worth in today's market, please don't hesitate to call or email me. I can provide a full price analysis, FREE for you with no obligation. I'm here to provide you any information you need to help you make your decision of whether or not it's time to sell your home.

EMAIL: lisa@azhouseagent.com

PHONE: 623-760-8390

WEB: www.azhouseagent.com

I'd like to clarify the issue of the $8,000 first time home buyer's tax credit. As of today, the deadline is still November 30. It has not yet been extended. I do, however, think that it will be extended soon. Sentaor Harry Reid is hoping to attach the proposal to an unemployment benefits bill that may reach the Senate floor this week. "We do expect this tax credit plan to be considered as a part of the unemployment bill at some point," said Regan Lachapelle, a spokeswoman for Reid.

In addition to extending the time limit for the tax credit, there are a few changes that are being propsoed. Homeowners (not just first time home buyers) buying a new primary residence would be eligible for a $6,500 tax credit if they owned their home for five consecutive years in the previous eight. That's a great addition and will enable many more people to take advantage of the tax credit. However, individuals who earn more than $125,000 annually and couples who earn more than $250,000 would not be eligible.

As soon as the extension is either passed or squashed for good, I will post an update.

If you have any questions about the tax credit or the housing market, please don't hesitate to call me any time at 623-760-8390.

I'd like to thank all the people at Deer Valley Worship Center who hosted the Movie-at-the Park and Trunk-or-Treat last night at Terramar Park in Peoria, AZ. At 6:30 everyone started showing up, some driving and some walking from their homes in Terramar. I walked along with my 5-year old son, my boyfriend Ray and our neighbors. First we took Dylan around to each car's trunk for trick-or-treating. Afterwards, they showed the movie Night at the Museum. Everyone put down blankets on the grass and enjoyed popcorn and hot cocoa, provided by the nice people at DVWC.

This was our second time attending the movie-in-the-park event and it was fantastic both times. The kids get to play in the playground, have some snacks and then watch a movie. It's a wonderful family night that I highly recommend attending. It's a bit cold now, so I'm assuming they might not have another until it warms up, but if they do, I'll post it here ahead of time!

Have a wonderful and safe Halloween everyone!

Fully Furnished Vacation Condo For Sal - Already has renters scheduled for early next year - almost like instant income potential! Don't miss an opportunity to invest in the Sunny Arizona housing market for your vacation needs or an income investment property while the prices are still low.

Low maintenance vacation or rental home in Sunny Arizona? Then look for further, your search is over. This little gem is nicely updated and comes FULLY FURNISHED! You get everything you see, including dishes, washer and dryer, appliances, beds, etc. You even get tenants! The unit is rented to vacationers for January - March 2010.

Remarks: FURNITURE AND ALL INCLUDED!! Beautifully updated condominium in Sun Village Golf Resort. This unit far outshines anything else on the market in this community. Lush landscaped grounds, golf, large community pool and spa for relaxing and socializing. Great investment opportunity for a vacation home with rental income potential. MUST SEE THIS GEM!!! Furniture, linens, kitchen items, and all appliances included.

Please click below to see the full listing and contact Lisa Bartlett 623-760-8390 for showing appointment or more information. It is really a wonderful home!

Follow this link to see the page:

Click to view listing(s)


This link will no longer be available after 5/28/2009.

Lisa Bartlett HomeSmart 17235 N 75th Ave #F-100 Glendale, AZ 85308 lisa@azhouseagent.com 623-760-8390 http://www.azhouseagent.com

$8,000 First Time Buyer Tax Credit

If you are thinking about purchasing a home, don't wait. Now is a great time, especially if you are a first-time home buyer. Part of the economic recovery plan includes a dollar-for-dollar tax credit of up to $8,000 if you purchase a home January 1, 2009 to December 31, 2009. This is a CREDIT, not a deduction. That means that the amount of taxes you would owe the IRS for year 2009 are decreased by that amount. Below are some of the basic highlights of the tax credit and here is a link to the IRS web page with detailed information. http://www.irs.gov/newsroom/article/0,,id=204671,00.html

Please always see your tax professional for advice.

• The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
• 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.

NOTE: I am not a tax professional, this information is provided as general information and not intended to take the place of advice from you tax professional or account.