Stan Stepak Avon Lake Ohio Real Estate (Avon Lake, Bay Village, Westlake, OH)

Here are the open houses for this week. I will be hosting the Open house on Vinewood. Please come out to this wonderful home and if you get chance I can share with you what is available in the area. This is a great time to buy a home!

			3074718	$159,900	97 Gra Gull Dr	Avon Lake	504	30	11/22/09	1:00 pm - 4:00 pm Hosted
		Comment: Please pre-register your clients w/ Carol @ 440 787-5100
		Directions to Property: East of RT 83 N side of Lake Road
			3076017	$325,000	506 Treeside Ln	Avon Lake	504	44	11/22/09	1:00 pm - 3:00 pm Hosted
		Comment:
		Directions to Property: South of Walker to Treeside (east of Lear).
			3069095	$369,900	764 Lear Rd	Avon Lake	504	67	11/22/09	2:00 pm - 4:00 pm Hosted
		Comment: 3,349 sq.ft.,5 brm, 4bath (2full,2half),1st.flr mstr, stainless appl + granite in kit, frpl, 3 car garage. Blt in 2000, this executive home has an open floor plan for entertaining with custom touches and neutral decor (with a few splashes of color).
		Directions to Property: Just North of the Intersection of Krebs & Lear
			3067084	$375,000	290 Vinewood Dr	Avon Lake	504	78	11/22/09	2:00 pm Hosted
		Comment:
		Directions to Property: W of RT 83 to Moorewood Ave to Crestwood Ave then right on Vinewood Dr.
			3077076	$474,850	31644 Compass Cove	Avon Lake	504	41	11/22/09	1:00 pm - 3:00 pm Hosted
		Comment:
		Directions to Property: Walker Rd, N on Windward,Rt on Leeward, left on Tradewinds, rt on Brunswick, Rt on Compass Cove
			3083713	$551,000	33129 Lake	Avon Lake	504	10	11/22/09	3:00 pm - 5:00 pm Hosted
		Comment: Stunning custom built home! Former model!
		Directions to Property: Lake Road West of Rt 83

Again call me if you have any questions or you just cant get out to see one of these homes. I will be at 290 Vinewood from 12-2.

The answer is ... 290 Vinewood in Avon Lake. 3 bedroom, 4 baths, 3100 square feet of living space in the Reserves. List Price of 375,000 is $80,000 Below Acquisition! Upscale throughout . . . more than you will see in other homes in the neighborhood, but priced comparatively. You will experience the magnitude the moment you walk in the front door w/the spacious 2-story foyer & dining room embellished w/columns & crown molding. 1st floor master bedroom w/vaulted ceiling, palladium window & sitting area. Travertine countertops & flooring, 2-person jacuzzi & mounted TV included in attached master bath. Outstanding 23x14 kitchen w/Fischer & Paykel 5-burner gas cooktop, double Jenn-Air oven, cherry cabinetry, granite counters, travertine flooring, full granite backsplash, center island & lighted built-in buffet. 3/4 Brazilian cherry hardwood flooring through foyer, dining room, great room & 2nd floor hallway. 2 additional bedrooms upstairs + bonus rm w/2 additional baths on 2nd level. Sprinkler & intercom systems and pre-plumbed for central vac & basement bath. Lot is over 1/2 acre. . . Who Could Ask For More!

Call me for details 440-476-0234 or just seem me there this Sunday November 22 from 12 -2.

Some info for people looking at the new revised Homebuyers Tax Credit.

Effective 12/01/2009, the Federal Tax Credit Program has been extended. The notable aspects of the Bill include:

• The Tax Credit for 1^st time buyers is still 10% of the purchase price with a maximum of $8,000.
• No repayment is required as long as the buyer lives in their home as their primary residence for at least 3 years.
• They have added a credit up to $6,500 for repeat buyers. They must have owned and lived in their current home as their primary residence for at least the past 5 consecutive years.
• Income limits have been increased. The limit for a single filer is now $125,000 and $225,000 for joint filers (previously $75,000 and $150,000).
• A reduced credit is available to single filers with incomes of $145,000 or joint filers up to $245,000 in income.
• Homes must cost less than $800,000.
• Home buyers must sign a Purchase Agreement no later than 04/30/2010 and they must take title no later than 06/30/2010.

Here are this weeks opens. Call me for details or if you can not get to one of these.

Stan Stepak 440-476-0234

3065351

$99,900

384 Dellwood Rd

Avon Lake

504

66

11/08/09

12:00 pm - 2:00 pm Hosted

Howard Hanna / Christine M Delili

Comment:

Directions to Property: South off Redwood at Inwood

3072337

$154,900

165 Berkshire Rd

Avon Lake

504

40

11/08/09

2:00 pm - 4:00 pm Hosted

Howard Hanna / Christine M Delili

Comment:

Directions to Property: Electric to Berkshire

3056441

$159,900

134 Fay Ave

Avon Lake

504

96

11/08/09

2:00 pm - 4:00 pm Hosted

RE/MAX Homeward Bound / Kenneth E Kodger

Comment: Over 2,000 sq.ft. including a huge Family Room! Attached 2-car garage & finished basement!

Directions to Property: Between Lake & Electric , between Jaycox and rt 83!.

3074718

$159,900

97 Gra Gull Dr

Avon Lake

504

15

11/08/09

1:00 pm - 3:00 pm Hosted

The Sweda Group, LLC. / Carol J. J Gresco

Comment:

Directions to Property: East of RT 83 N side of Lake

3055861

$240,000

630 Marbrook Ln

Avon Lake

504

98

11/08/09

1:00 am - 3:00 pm Hosted

Howard Hanna / Linda A Homm

Comment:

Directions to Property: West of Lear - South off Walker/East of Jaycox

3076313

$242,000

648 Landerwood

Avon Lake

504

27

11/08/09

2:00 pm - 4:00 pm Hosted

Howard Hanna / Linda A Homm

Comment:

Directions to Property: South of Walker, off Jaycox, East side of road

3050453

$245,900

32220 Dorchester Dr

Avon Lake

504

116

11/08/09

2:00 pm - 5:00 pm Hosted

Howard Hanna / Wendy LaForce-Zambo

Comment:

Directions to Property: Lear Rd, West on Dorchester

3055559

$254,900

518 Waterford Ct

Avon Lake

504

100

11/08/09

1:00 pm - 4:00 pm Hosted

Howard Hanna / Ida A Eisert

Comment: Hosted By: Ida Eisert 440-522-2727

Directions to Property: 90 to South on 611 to East on Chester Rd to North on Moore Rd to East on Webber Rd to North on Crossing Way to North on Ambleside Dr to North on Waterford Ct

3081573

$294,900

508 Crossings Way

Avon Lake

504

4

11/08/09

1:00 pm - 3:00 pm Hosted

Keller Williams Grt Cleve West / Ed Huck

Comment: Stop by this Sunday to tour this stunning colonial. Lindsay White of the Ed Huck Team will be holding open between 1:00-3:00p.m.

Directions to Property: 90 to 83 North, West on Walker to Crossings Way

3081431

$325,000

420 Crestwood Dr

Avon Lake

504

4

11/08/09

1:00 pm - 3:00 pm Hosted

RE/MAX Homeward Bound / Kenneth E Kodger

Comment: Come view this unique floor plan!

Directions to Property: West of 83, north of Walker onto Moorewood, west on Crestwood

3076017

$325,000

506 Treeside Ln

Avon Lake

504

29

11/08/09

2:00 pm - 4:00 pm Hosted

Howard Hanna / Christina M Higgins

Comment:

Directions to Property: South of Walker to Treeside (east of Lear).

3080579

$399,900

314 Regatta Dr

Avon Lake

504

9

11/08/09

1:00 pm - 3:00 pm Hosted

Howard Hanna / Christina M Higgins

Comment:

Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit this is from the NAR and can be very helpful to many. Just print it out and read.

Question: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a

new home. I have lived in my current home for more than 5 consecutive years and

am within the new income limits. I will go to settlement on November 20. If

President Obama has signed the bill by the time I go to settlement, will I qualify for

the new $6500 tax credit?

Answer: Yes. The existing homeowner credit goes into effect for purchases after the date of enactment

(when the bill is signed). There is no reference to the date of contract for the new credit. The

provision looks solely to the date of purchase, which is generally the date of settlement.

Question: I am a firsttime

homebuyer but was not within the prior income limits at the time I

entered into my contract to purchase on October 30, 2009. I will be covered,

however, by the new income limits. If the new rules have been signed into law by the

time I go to settlement, will I be eligible for a credit?

Answer: Yes. The new income limitations go into effect as soon as the President has signed the bill.

The income limit and other eligibility rules will look to your status as of the date of purchase,

which is the settlement date. So if the new rules have been signed when you go to settlement,

you should be eligible for the credit (or a portion of the credit if you're within the phaseout

range).

Question: I owned my home for 10 years, but sold it two years ago year and have been renting

since. If I purchase a home, will I be eligible for the $6500 tax credit if I meet all the

other eligibility tests?

Answer: Yes. Because you lived in the home for more than 5 consecutive years of the previous 8, you

will qualify for the $6500 credit. For example, Say John and his wife bought a home in 2000

and lived there until 2008 when he got a divorce. Whether John has been renting or bought in

the interim, he WOULD INDEED be eligible for the credit because he owned a home and

occupied it as his principal residence for 5 consecutive years out of the last 8 years. The

keyword here is "consecutive." As long as he lived in that house for 5 years straight what he

did since 3 years doesn't impact eligibility.

Question: Existing homeowner credit: Must the new house cost more than the old house?

Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who

meet all eligibility requirements will qualify for the $6500 credit.

Question: I am an eligible existing homeowner. I have a fair amount of equity in my home. I

have found a home with a nonnegotiable

price of $825,000. Will I be able to use any

of the $6500 tax credit?

Answer: No. The $800,000 cap on the cost of the purchased home is firm at $800,000. Any amount

above $800,000 makes the home ineligible for any portion of the credit. The $800,000 is an

absolute ceiling.