Home Buyer Tax Credit Extended
Tuesday, July 6th, 2010 Posted in Buyer Stuff | No Comments »President Obama has signed the Home Buyer’s Tax Credit extension. Contrary to popular opinion, this does not extend the deadline for purchasing a home; it extends the time for closing your transaction. To get the credit, you must have been under contract ...
Boise First-Time Homebuyers – Wait or Buy?
Monday, February 8th, 2010 Posted in Buyer Stuff | No Comments »Several upcoming changes will soon increase the cost of buying a home. On March 31st, the Fed will stop buying mortgage-backed securities. The Fed has purchased $1.25 TRILLION (yes, Martha, that's a “T”) of MBS in a successful effort to keep mortgage interest rates low and thereby ...
10 Things I Do NOT Do For Buyers
Saturday, February 6th, 2010 Posted in Buyer Stuff | No Comments »Brag that I have the world's largest real estate team. “Close the sale”. Ignore your phone calls and e-mails. Steer you toward a home that pays me a bonus commission. Withhold negative information from you. Show you homes that don’t meet your criteria. Show you homes ...
Move-Up Homebuyer Tax Credit
Tuesday, January 19th, 2010 Posted in Buyer Stuff | No Comments »To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years. The tax credit does not have to be repaid unless the home is ...
First Time Homebuyer Tax Credit
Monday, January 18th, 2010 Posted in Buyer Stuff | No Comments »The $8,000 tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase. The tax credit ...
