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SEARCH 38,000 SEATTLE AREA HOMES AND RECEIVE $1200 TOWARD CLOSING COSTS

11-07-09
David Sundquist
David Sundquist: Real Estate Agent in Edmonds, WA
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  • Office: (425) 773-1666
  • Mobile: (425) 773-1666
  • Secondary: (866) 224-6204

If you click on the link below you can access the finest real estate search engine for finding the best available properties in the Seattle metropolitan and greater Puget Sound area. Just go to the map and zoom in on the city of interest and you will be shown all available listings in that area. If you find a listing you desire to tour just click the e-mail link and you will be contacted to view the property.

Also, if you are not currently under contract to buy from another real estate agent you might want to consider making your purchase through David's team. All clients who purchase through David receive the following benefits:

  • If David does not get the seller to contribute at least $1200 toward your closing costs, then David will contribute the $1200 toward your closing costs.
  • All clients of David's receive a "Standard One Year Home Owner Warranty" at closing. This policy pays for repairs for the systems and appliances in the house that may need repairs during the first year you own the property.

These bonuses apply ONLY to clients who purchase their property through David's team. To begin your search click on the following link: www.homes2profit.com

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Tax Credit Info: The Latest...

11-07-09
Seattle Realtor Courtney Cooper Seattle Real Estate, Seattle Washington
Seattle Realtor Courtney Cooper Seattle Real Estate, Seattle Washington: Real Estate Agent in Seattle, WA
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  • Mobile: (206) 251-5948

Seattle real estateHome Buyer Tax Credit 2009: It passed the house and the senate and Obama has signed it into law. The IRS site is updated except for the latest version of tax form to accommodate the newest change to the housing credit.

The basics of the home buyer credit in this version? In a nutshell, you can make more money to qualify, you have longer to find the qualifying home and even longer to close after that, and you don't have to be a first time home buyer to qualify for the reduced credit of $6500.

The ceilings and deadlines have SERIOUSLY been moved with this version so please do read the details here:

http://cooperjacobs.com/blog/2009/11/07/the-new-new-tax-credit/

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Seattle Police officer Timothy Brenton Memorial

11-06-09
Sonny Kwan
Sonny Kwan: Real Estate - Other in Seattle, WA
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  • Office: (425) 227-9200
  • Mobile: (206) 819-8228
  • Secondary: (425) 227-9200

Photo taken with a Nikon D40X 18-55mm by Sonny Kwan Realtor® with John L Scott Real Estate Seattle, WA, All information is believed to be accurate, but is not warranted in any way. Visit my website www.seattleidx.com to search all homes on the internet or contact me for a referral of a great agent in your area!

© 2009 By Sonny Kwan All Rights Reserved

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Home Buyer Tax Credit is NEW & Improved!

11-06-09
Joseph Hill
Joseph Hill: Real Estate Agent in Seattle, WA
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  • Office: (425) 454-0911
  • Mobile: (206) 218-8448
  • Secondary: (425) 454-0911

The Home Buyer Tax Credit has just been Signed into law and is effective immediately! The expanded Home Buyers Tax Credit is valid for First Time Buyers AND for 'Move Up' exisiting Home Owners who are purchasing another property! Here are the details:

Tax Credit for Homebuyers

First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

Current Owners: The tax credit for home buyers program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

What are the New Deadlines?

In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

Tax Credit Versus Tax Deduction

It’s important to remember that the tax credit is just that… a tax credit. The benefit of a tax credit is that it’s a dollar-for-dollar tax reduction, rather than a reduction in a tax liability that would only save you $1,000 to $1,500 when all was said and done. So, if a first-time homebuyer were to owe $8,000 in income taxes and would qualify for a tax credit of $8,000, she would owe nothing.

Better still, the tax credit is refundable, which means the homebuyer can receive a check for the credit if he or she has little income tax liability. For example, if a first-time homebuyer is eligible for a tax credit of $8,000 but is liable for $4,000 in income tax, she can still receive a check for the remaining $4,000!

Higher Income Caps

The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

Maximum Purchase Price

Qualifying buyers may purchase a property with a maximum sale price of $800,000.

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Remember, the new tax credit program includes a number of details and qualifications. For more information or answers to specific questions, please call me at 206.218.8448 or email Joseph R Hill at josephrhill@kw.com today.

In addition, you may be able to benefit from additional housing related provisions, including the following:

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Tax Incentives to Spur Energy Savings and Green Jobs

This provision is designed to help promote energy-efficient investments in homes by extending and expanding tax credits through 2010 for purchases such as new furnaces, energy-efficient windows and doors, or insulation.

Landmark Energy Savings

This provision provides $5 Billion for energy efficient improvements for more than one million modest-income homes through weatherization. According to some estimates, this can help modest-income families save an average of $350 a year on heating and air conditioning bills.

Repairing Public Housing and Making Key Energy Efficiency Retrofits To HUD-Assisted Housing

This provision provides a total of $6.3 Billion for increasing energy efficiency in federally supported housing programs. Specifically, it establishes a new program to upgrade HUD-sponsored low-income housing (for elderly, disabled, and Section 8) to increase energy efficiency, including new insulation, windows, and frames.

Expanding Housing Assistance

This provision increases support for several critical housing programs. It includes $2 Billion for the Neighborhood Stabilization Program to help communities purchase and rehabilitate foreclosed, vacant properties.

Thats it! come see Joseph Hill this Sunday at his Open House on Capitol Hill or call with any questions!

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Good business climate report cards can help Washington attract employers

11-05-09
Ricky D Sadler
Ricky D Sadler: Property Manager in Seattle, WA
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  • Office: (206) 728-6063
  • Mobile: (206) 478-4967

One of the major points in the panel discussions of the WMFHA 2010 Annual Economic Forecast (see my earlier blog entry on that topic) was that the economic recovery is going to be challenged by slow job growth; with a fairly diverse employment base, Seattle has the opportunity to compete to attract the pool of existing employers and jobs that exist today, and will grow as part of the recovery. Mike Scott of Dupree-Scott Apartment Advisors on the panel made the valid point that Seattle needs to get serious about leveraging this opportunity. And a few weeks ago, we got some help from two sources- in Forbes magazine's annual "best states for business" rankings, Washington moved from third place to second, and Washington, D.C.-based Tax Foundation ranked Washington No. 9 on its 2010 State Business Tax Climate Index.

Particularly with the recent Boeing 787 storyline, Washington's visibility on these lists may be a big help in competing for the first wave of post-recession job creation, and Richard Davis offers a good analysis of this in a recent Puget Sound Business Journal article.

Forbes' rankings carries solid credibility and always generates media buzz that can help drive business development efforts. Mr Davis offers a reasonable critique that while Northwest area residents usually consider Seattle to have a very high quality of life for intangibles such as natural surroundings and recreational opportunities, index lists such as these can't easily quantify those, while labor costs, heavy business regulation and a higher than average cost of living are factored in (although often overlooked as a deterrent to new businesses by local organizations).

So, whether you agree with their methods or outcomes, the lists generate interest, and ideally lead investors and entrepreneurs to take a closer look at Washington

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About RD House Real Estate and Property Management: We are a leader in relocation, in-town condo and executive Seattle rental properties, working with Microsoft, Amazon, Fred Hutchison Center, the Bill & Melinda Gates Foundation, Alaska Airlines, Nordstrom and others. Many of our listings have video blogs/tours, and can be found on our website at www.rd-house.com.

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RD House Real Estate and Property Management

Leaders in Property Management

159 Denny Way #110

Seattle, WA 98109

(206) 728-6063

www.rd-house.com

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