Homebuyer Tax Credit Update
Here are some pointers for the extended & expanded tax credits.
*First Time buyers 10% of Purchase price with a maximum of $8000.
*Current Owners have an incentive up to $6500-Qualifed buyer must have owned /occupied a primary residence 5 of the last 8 years.
*Income limits are expanded to $125,000 on a single return with a cap of $145,000 & $225,000 on a joint return with a cap of $245,000.
*Maximum purchase price is $800,000.
*New Deadline ...contracts needs to be in effect no later than April 30, 2010 and close no later than June 30, 2010.
*A tax credit is a direct reduction in tax liability owned by an individual to the IRS. In the event that no taxes are owned then the IRS will issue a check for the amount of the credit back to the buyer. This credit does not require repayment unless at any time in the first 36 months of ownership the property is no longer your primary residents.
* IRS Form 5405 is used to determine your tax credit amount.
For all your Real Estate needs Call
The Valerie Belardo Team
ReMax Tri County
Res (609) 298-4283
(609) 587-9300 X420
Tips for the 1st Time Home Buyers in the Marketplace today.
1. Make sure that your finances are in order. Get a copy of your credit report and see what it looks like. Correct any blemishes on your credit.
2. Mortgage and down payment is the next step in preparing to purchase a home. Talk with a qualified loan officer to get preapproved for a mortgage. Your Realtor can help you locate a qualified loan officer.
3. Do your homework before looking at houses. What is important to you in a home? Let your Realtor know exactly what you are looking for in your first home.
4. What is your move in date? When must you be in your new home? That will help determine what kind of listing you should see and if you may need a place to stay while waiting for closing.
5. How long are you planning to stay in your first house? This will influence the type of mortgage and home that you buy.
6. Review the total cost of all expenses involved in owning a home. Don't become house poor.
7. What professional are you going to hire to help with home inspections?? Is a home warranty a good thing to buy? Ask questions.
8. Remember that there may not be the perfect house out there. Try to be realistic about what type of home you can afford at this time.
9. Choose the best Realtor in your marketplace to help you.
Extension of 1st time Buyers Tax credits.
The Senate and the House have both passed legislation containing an extension and expansion of the homebuyer tax credit, sending this bill to President Obama for him signature. OBAMA SIGNED THE BILL
The $8000 tax credit (10% or the purchase price with a maximum of $8000) was due to expire November 30 will be extended through April 30 and buyers will have until June 30, 2010 to close. Making the mad rush to close deal prior to the November 30 deadline go away.
The legislation passed the bill that first time homebuyers (or buyers that have not owned a home in the last 3 years) will increase the income limit for couples to $225,000 and single buyers to $125,000. The move in buyer who has lived in a home for 5 out of the last 8 years will also be eligible for a tax credit of up to $6500 but must remain in the new residence for at least 3 years. This legislation is suppose to take effect December 1 and will not be retroactive and is available for primary residences only.
This new legislative package will also contain an expansion of unemployment benefits as well.
Call if you have any questions relating to the FTB tax credit.
Call Valerie Belardo, ReMax Tri County, Res 609-298-4283
Come visit our open houses this weekend!
September 13, 2009
1 to 3 pm
3035 RT 206 Columbus, NJ 08022
83 Chesterfield Crosswicks Rd. Chesterfield, NJ 08515
218 Bordentown Chesterfield Rd. Chesterfield, NJ 08515
Many homeowners are would like to appeal their tax bill- but were do you start.
Please check out our site at: http://www.valsellshouses.com/Nav.aspx/Page=%2fPageManager%2fDefault.aspx%2fPageID%3d2119030
for tips on appealing your tax bill.
If you have any questions please give The Belardo Team a call today at Res 609-298-4283
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The V B Team sevices Mercer County and Burlington County including Mansfield, Bordentown, Springfield, N Hanover, Florence, Burlington, Hamilton,Westampton, Eastampton, Lumberton and surrounding area
Our Teams Pledge to You
Innovative Marketing, Outstanding Service, Straight Forward Approach
#1 Team at RE/MAX Tri County for Four Consecutive Years
#5 in the State of New Jersey also for volume SOLD
Our team is ready to make your next move your best.
Team Leader
Valerie Archer Belardo ( Broker Associate )
Angelo Belardo ( Sales Associate )
Jessica Russo ( Sales Associate )
Carol Archer Havens ( Sales Associate )
Cheryl Makemson ( Sales Associate )
Candice Tran Le ( Sales Associate )
Brieana McConagly (Advertising/Marketing Coordinator)
THE BELARDO TEAM OF RE/MAX TRI COUNTY AWARDED BY RE/MAX OF NEW JERSEY
(HAMILTON, NJ) The Belardo Team, headed by Team Leader Valerie Belardo, was awarded by RE/MAX of New Jersey at the Annual Awards Celebration and Dinner Dance for their outstanding performance in the real estate industry during 2007. The team was ranked fifth in sales production and completed transactions, placing them at the top of over 3,600 RE/MAX Associates in the state. Belardo also earned membership into RE/MAX of New Jersey´s prestigious Chairman´s Club agian this year.
"We were very excited to have received these high honors," said Belardo. "We were able to reach very high goals in 2007, and did so with great teamwork and the backing of the RE/MAX system."
"Valerie and her team are truly outstanding real estate professionals," said Jeff Snyder, Regional Co-Owner of RE/MAX of New Jersey. "They are committed to their clients and dedicated to RE/MAX, a combination that has led to great contributions towards the success of our organization."
Real Estate Experience
Designations
Affiliations
Personal Background
Previous Career
Leisure Activities
Meet the Team:
Angelo F. Belardo Sales Associate/Internet Marketing Specialist - Angelo started working with his wife Valerie as a sales associate in 2002. Angelo was an ironworker foreman for 20 years thus enabling him to learn all aspects of the construction industry which he now applies to real estate. Angelo's job is to ensure your home is marketed through the internet for maximum exposure.
Carol Archer Havens Sales Associate/Buyer's Specialist- Carol joined Valerie's Team in 2002. She has been a life long resident of the Burlington/Ocean County area. Carol has an extensive background in sales and customer service and transitioned quickly into the real estate community. Her passion for real estate is found in working with buyers and sellers and providing them with exceptional customer service. Carol loves to help buyers find just the right home.
Cheryl Makemson Sales Associate/ Buyer's Specialist- Cheryl joined the Valerie Belardo team in 2007. She has been a life long resident of the Burlington/Ocean County area. She began her career in real estate industry in 1997 and has the following designations; Senior Real Estate Specialist, Accredited Buyer's Representative and Certified New Home Specialist. Cheryl's focus is to keep up to date on the changing market and to provide extraordinary service to her clients with the utmost in professionalism and negotiating skills.
Jessica Russo Sales Associate/Office Manager- Jessica joined the Belardo team in 2001. She holds a bachelor's degree from Berkeley College. Jessica with her strong technological skills and attention to detail is responsible for creating marketing material for advertising and internet exposure. By assisting Valerie with listings, coordinating all the details of a transaction; including inspection, financing and title reports. Jessica ensures the sale or purchase of a property is facilitated into a smooth and enjoyable real estate experience.
Candice Tran Le Sales Associate/Buyer's Specialist- Candice recently joined the Valerie Belardo team in 2008. Being fresh in the business Candice is eager to explore all aspects of Real Estate and is ready to work hard for her clients. She is bilingual, speaking fluently in English and Vietnamese. Candice now resides in Mansfield Township and is associated with Olde York Country Club. Candice's focal point is creating a successful transaction for both buyer's and seller's.
Brieana McConagly Advertising/Marketing Coordinator- Brieana joined the Belardo team in 2007. Brieana is the behind the scenes girl, she does all clerical aspects of the Real Estate transaction. She makes sure that each home listing is exposed on numerous websites for maximum exposure. Brieana is the one that helps everyone on the team to exceed your expectations.
WHY CHOOSE THE SERVICE OF A SINGLE AGENT WHEN YOU CAN CHOOSE AN ENTIRE TEAM FOR THE SAME PRICE!
Making your dreams come true - One yard at a time!
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Clients Remarks!
Valerie, She Rocks!
- Morris & Doris
I was going through some old e-mails and realized just how much I bugged you- Thanks for putting up with me. The new house is the bomb! Thanks for much for everything and for always being there for me! And Thanks for the Miracle Contribution!
- Linda & Anthony
Thank you for all your help in coordinating the sale of our house. After we met with you, and decided to put the house on the market, we felt very comfortable and confident that your team was the best fit for us and you certainly lived up to that all the way through the closing. Everything was great from start to close! Please don't hesitate to contact me if you ever need to provide a reference to someone!
- Eric
Thank you so much for the endless hours you put into making us happy homeowners!
- Chris & Amy
I just wanted to let you know how much I appreciated all the work you and your staff did during the months to get my house sold! Thanks again!
- Bruce
The Belardo Team was an absolute joy to worth with! We found the perfect house! Thanks again to RE/MAX!
- Bob & Linda
You have gone out of your way to sell our home! You have pleased not only the seller but also the buyer! You kept us well informed during the sale and we would not hesitate to use you again in the future. We will recommend you where ever possibilities arise. It has been a very positive experience for us, Thank you!
- Barbara & Harold
This team was a pleasure to work with and went above and beyond the call of duty in helping us! I admire their professionalism and work ethic.
- Debra
I can't tell you how appreciative we are for all that you did to help us finally find a new home and get there! We really love our new home! Thanks again to all of you for helping us through such a horrible time. We are grateful for all of your help and going above and beyond!
- Ken & Angela
I wanted to say thank you from the bottom of my heart for all of your kindness and help. I could not have done this without you! You most definitely went above and beyond the call of duty to say the least! Thanks for everything you did for me and my family!
- Sharon
Thank you most of all for your expeditious manner in the selling of our home. Your understood our needs and executed flawlessly. Your professionalism and kindness is much appreciated. We realized the market was tough, but you came through. We also enjoyed working with your team, they are all possitive assets!
- Darrell and Nemoy Barron
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