About Staten Island's Heartland Village

The First time home buyer tax credit and the moving up buyer tax credit clock is ticking. Only 17 days left to sign a contract of sale and a little over two months to close escrow. A friendly reminder, not everyone can qualify for the tax credit. The list bellow will help you determine if you qualify for the first time home buyer tax credit or the moving up buyer tax credit.

Homebuyers who have not owned a home for the past three years may earn up to $8,000 or 10% of the purchase price, whichever is lower.

Buyers who have owned a home for five consecutive years of the past eight qualify for up to $6,500 in credits.

There are income limits of $125,000 for single taxpayers and $225,000 for a couple.

Paying more than $800,000 for the home will not qualify for the credit.

There's a prohibition on claiming the first-time homebuyer credit if either member of a couple owned a home within the three-year period. They can claim the existing homebuyer credit.

The credit may be claimed on 2009 taxes, even if the return was already filed. Just submit an amended return.

Note that buyers get the full amount of the credit they're due even if that exceeds the amount of taxes they owe. If you're a first-time buyer and your total tax bill for the year is $6,000, you get all that back plus another $2,000.

Home Buying Federal Tax Credit, Heartland Village Staten Island Homes For Sale With Tax Credit, FIrst Time Home Buyer Tax Credit,

Sales statistics for Heartland Village Staten Island, NY - last year during 01-01-09 through 03/22/09 only one single family attached home sold, the sold price was $307,000 compare to same time this year, 3 single family attached homes sold. The median sold price is $414,000 Last year during 01/01/09 through 03/22/09 six single family semi-detached homes were sold. The median sold price was $405,083 compare to same time this year, four homes were sold. The median sold price is $431,000 Last year during 01/01/09 through 03/22/09 two single family detached homes were sold. The median sold price was $477,450 compare to same time this year, none were sold. Last year during 01/01/09 through 03/22/09 only one 2 family semi-detached home was sold at a sold price of $470,000 compare to the same time this year, none were sold. Last year during 01/01/09 through 03/22/09 five 2 family detached homes were sold. The median sold price was $552,800 compare to this year only two were sold. The median sold price is $519,000 There were none 2 family attached homes sold during 01/01/09 through 03/22/09 and same time this year. This data was obtained from the Staten Island Multiple Listing Service. Search thousands of homes What's my house worth? Heartland Village Staten Island NY Homes Sales, Sold Homes In Heartland Village Staten Island, Heartland Village Homes Sale Statistics, Staten Island NY Real Estate

Real estate has always been, is and will be the best investment you can make, but keep in mind that it was never intended to be a quick get rich instrument. A healthy real estate market should bring a 5-7 % appreciation in value each year. Like any type of investment the market goes up and the market goes down. People will always need a roof on their head and people always move around for different reasons. Sometimes they need to have a bigger house because their family is large, sometimes they need to downsize and sometimes they need to move because of job relocation. When the market is declining home sellers have a hard time accepting the fact that their house is no longer worth the same as it did when the market was appreciating. My advise to homeowners is don't think about selling your home if there is no real need for you to move. Wait it out if your main concern is what you will sell your house for. But if there is a need for you to move now, be realistic don't fight the market. Fighting the market will result in selling at a lower price. The key when in a depreciating market is to price the house within the market or ahead of the market. This will generate tremendous interest to potential buyers and even generate multiple offers that will most likely produce a higher price. Heartland Village Staten Island NY, Heartland Village Condominiums For Sale, Homes For Sale Heartland Village Staten Island What's my house worth right now? Search thousands of homes for sale on Staten Island