Ricky Beach

The Worker, Home Ownership, and Business Assistance Act of 2009 has extended and expanded the home buyer tax credit through 2010.

First Time Home Buyer Tax Credit of $8000

• The credit has been extended to cover sales from January 1, 2010 through April 30, 2010.
• A binding executed contract prior to April 30, 2010 will qualify for the credit as long as it closes by June 30, 2009.
• Income limits for single taxpayers is $125,000 until January 1, 2010 and $75,000 from January 1, 2010 to April 30 , 2010.
• Income limits for married taxpayer filing jointly is $225,000 until January 1, 2010 and $150,000 from January 1, 2010 until April 30, 2010.
• The property must be a primary residence and the buyer must not have owned a property within the past three years.

Move Up Home Buyer Tax Credit of $6500

• Property must be purchased as a principal residence. No investment properties.
• The credit has been extended to cover sales from January 1, 2010 through April 30, 2010.
• A binding executed contract prior to April 30, 2010 will qualify for the credit as long as it closes by June 30, 2009.
• Married filing separately can only claim $3250.

Learn more at Home Buyer Tax Credit.

Don't miss the opportunity to buy in this market. Reduced prices and record low interest rates there has never been a better time to buy. Ask your Realtor for more information.

Below are the Real Estate numbers for the Reno/Sparks area in October 2009. Please note the comparison between list price and sold price of REO properties and days on market for sold Short Sale properties.

Have you ever wondered how the Washoe County Real Property Tax works? Has your property tax increased while your property's value has declined?

Washoe County Assessor Josh Wilson explains through the video linked below.

Property Taxes

Here are a list of events that might add some excitement for your weekend.

Friday October 2, 2009

World Championship of Cowboy Fast Draw

• October 2, 2009
• 9:00 am
• 99 Sheckler Road Fallon, NV 89406
• Cost:Free
• 775-240-2851

Saturday October 3, 2009

World Championship of Cowboy Fast Draw

• October 3, 2009
• 9:00 am
• 99 Sheckler Road Fallon, NV 89406
• Cost:Free
• 775-240-2851

Reno Celtic Celebration

• October 3, 2009
• 10:00 a.m.
• Bartley Ranch 6000 Bartley Ranch Road
• Cost: $5
• 775-826-7848 or renocelticcelebration@gmail.com

Downtown Truckee Wine Walk

• October 3, 2009
• 12:00 pm
• Downtown Truckee
• Cost: $25 in advance $35 day of event
• 530-550-2252 www.TruckeeWineWalk.com

World Championship Out House Races

• October 3 , 2009
• 1:00 pm
• C Street, Virginia City, NV
• Cost:Free $50 for participants
• 775-240-7958

Village Octoberfest

• October 3, 2009
• All day
• 1750 Village East Road, Olympic Valley, Calif.
• Cost: $10 for first glass
• 530-584-1000 or www.thevillageatsquaw.com

Nevada vs UNLV Rivalry Game

• October 3, 2009
• 1:05 pm
• Mackay Stadium
• Cost: Pending seating
• Ticket Info 775-348-PACK

Sunday October 4, 2009

Northern Nevada Race for the Cure

• October 4, 2009
• Registration from 7-9 a.m. Race at 9:00 a.m. Awards ceremony at 10:00 a.m.
• University of Nevada, Reno 900 N. Virginia
• $25-$45 depending on category
• northnvkomen@yahoo.com or 775-355-7311

Reno Celtic Celebration

• October 4, 2009
• 10:00 a.m.
• Bartley Ranch 6000 Bartley Ranch Road
• Cost: $5
• 775-826-7848 or renocelticcelebration@gmail.com

World Championship of Cowboy Fast Draw

• October 4, 2009
• 9:00 am
• 99 Sheckler Road Fallon, NV 89406
• Cost:Free
• 775-240-2851

World Championship Out House Races

• October 4, 2009
• 1:00 pm
• C Street, Virginia City, NV
• Cost:Free $50 for participants
• 775-240-7958