Each month, This Month in Real Estate provides expert opinion and analysis on real estate trends across the nation. The aim of the consumer-oriented segments is to provide real information on real estate.
http://www.youtube.com/watch?v=86KKIRA4gXg
Wednesday, January 13, 2010
Monday, January 11, 2010
Mortgage Interest Rates Expected to Rise in Spring
An expected rise in mortgage interest rates beginning in April may make it more difficult for some to qualify for a mortgage, or to qualify for the amount you need. Existing homeowners who want to take advantage of, and qualify for, the home buyer tax credit do not need to sell their current home right away, or at all. If you are financially ready, this is a great time to buy a home. Click the link or copy and paste it into your browser to read the article about interest rates.
http://www.realtor.org/RMODaily.nsf/pages/News2010011102?OpenDocument
http://www.realtor.org/RMODaily.nsf/pages/News2010011102?OpenDocument
Saturday, January 9, 2010
Pre-Auction Open House in Parker
Pre-Auction Open House Sunday, January 10 11 AM - 4 PM at 11202 Glenmoor Circle in Parker. This is a potentially awesome opportunity to own a home near Canterbury Golf in Parker for pennies on the dollar. 2640 square feet, 3 or 4 bedroom, loft, 3 bath, full unfinished basement, backs to open space with horses grazing... in the pasture behind the property. Starting bid is $149,000. Non-distress comps range from $310k - $379k. For property details, click the link. Could use some updating, but this property is clean and move in ready.
http://tinyurl.com/y9g7wne
http://tinyurl.com/y9g7wne
Friday, January 8, 2010
TAX CREDIT GUIDLINES
The IRS has spelled out guidelines for eligibility for the home buyer credit when co-borrowers purchase a property.
If you are single and buy a first-time home as a part owner, you can claim the full credit as long as you qualify for the credit.
For example: If you are a single person who qualifies for the credit and you have a co-signer or co-owner, such as a parent who does not qualify, you can still claim 100% of the credit says the IRS.
The IRS says the parent doesn’t qualify for any portion of the credit, but if the child hasn’t owned a home during the three years preceding the current purchase and can qualify based on income, he or she can be allocated the entire $8,000 credit.
When unmarried individuals co-purchase a home and only one of them is eligible for the credit, then the full $8,000 can be allocated to the eligible buyer.
Source: Internal Revenue Service www.irs.gov
If you are single and buy a first-time home as a part owner, you can claim the full credit as long as you qualify for the credit.
For example: If you are a single person who qualifies for the credit and you have a co-signer or co-owner, such as a parent who does not qualify, you can still claim 100% of the credit says the IRS.
The IRS says the parent doesn’t qualify for any portion of the credit, but if the child hasn’t owned a home during the three years preceding the current purchase and can qualify based on income, he or she can be allocated the entire $8,000 credit.
When unmarried individuals co-purchase a home and only one of them is eligible for the credit, then the full $8,000 can be allocated to the eligible buyer.
Source: Internal Revenue Service www.irs.gov
Subscribe to:
Posts (Atom)