Tax Credit Update

The home buying tax credit has been extended. It has also been updated to include a wider range of home buyers. No longer do you need to be a "first time home buyer" to take advantage of the tax credit program.

The quick version is the "First Time Homebuyer" credit has been extended until April 30, 2010. These home buyers, who have not owned a home in the past three years, must have a signed contract on a home by April 30th, 2010 and settle on the home before July 1, 2010. They may receive up to an $8,000 tax credit.

The real big change is allowing home buyers who have owned a home for 5 consecutive years (out of the last 8 years) to purchase a home and receive up to a $6,500 tax credit. The income limits have also been increased. Our Military also receives some special consideration including a longer buying window and other exceptions.

It's not to late to start your search.

Contact me for more up to date information.

Land, Views, and Garages

In today's hectic world, a number of people are looking for some room to breath and relax. This might mean a house on a couple of acres. It might mean mountain views. It might mean a giant detached garage w/ it's own furnace. Sometimes, with a little luck, you can find all of those things in one location .

Housing Shortage or Thought Scarcity?: A Common Sense Proposal

Photo by Roberto Nickson from Pexels With low inventory, BOTH buyers and renters are having a challenging time getting into a home. A solution, one would think, is creating more available homes. A gut reaction would be to build big developments, with large homes or maybe a condo complex. But what if you could build a home on your current property and rent it out? I see small towns around me push back, and a common reason is "parking" . Meanwhile, a quick drive down their streets will show plenty of parking. And get this, the people that would shop in the now almost empty stores in their town wouldn't need to drive there - they would walk. Another pushback I hear is that a new structure will create too much non-permeable space . It's always an interesting thing to hear from a sector that listens and smiles - but does nothing - when I talk about clean water bills, riparian buffers, and other common sense solutions to a healthy local environment. The more I learn a...

Warm Up -- Add Value --- Get Money

Save some big bucks on your heating bill and get $300 credit from the federal government if you install a wood burning fireplace insert by the end of 2011. Read all about it here . You may not be ready to sell now, but when you do --- it's a good idea to have a leg up on your competition. Most people prefer to have an alternative heat source. Many of us found that out over the weekend during the "Halloween Snow Storm".

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