Since the beginning of the real estate “bubble” headlines much has been made of the “median Price”.
Don’t be a “Panic Buyer”
The deadline of April 30, 2010 to take advantage of the Federal Tax Credit is fast approaching. April 30th being the deadline to have a property under contract, AND then must successfully close the property by June 30th. There are at least 3 problems with waiting until the end of April to enter into a […]
Big Impact, Low Cost Remodeling Projects
Uncertainty and restraint are the order of the day in this economy, and that sense of caution is reflected in home owners’ return on their investment in remodeling projects, according to REALTORS® in 80 metropolitan markets surveyed by Remodeling magazine for this year’s Cost vs. Value Report.
Tax Credit Officially Extended and Expanded
After much fanfare the home buyer and home owner tax credit is in place. This new law extends the first time home buyer tax credit for property under contract by April 30, 2010 and closing by June 30, 2010. Under the same bill unemployment benefits are extended by 14 weeks and there are provisions to […]
Last Days of the $8,000 Federal Tax Credit
Could it be the end of the $8,000 Federal tax credit for first time home-buyers? The one thing we know with certainty is the program is currently set to expire on November 30th. Without action from Washington, time is of the essence in order to successfully complete a purchase transaction before the deadline. Given the […]
$8,000 Federal Tax Credit deadline approaching
The Tax Credit Program expires at midnight on November 30th and provides that only purchases that have CLOSED by that time are eligible for the program. With the current HVCC appraisal regulations and mortgage environment it currently takes between 45 and 60 days from contract to closing on average. The effect on the average first […]
Know who represents You
Who is working for YOU? Most people believe that the real estate agent they are working with is working for them but that may not be the case. There are a variety of working relationships provided by the Missouri Real Estate Commission and they are required to be disclosed to you. The licensee is required to […]
Save the Historic Tax Credit
At this very moment, the Historic Tax Credit (HTC) is threatened by the Senate’s Economic Development committee substitute for SB45, which will cap the Historic Tax Credit at $150 million. Such a cap will undoubtedly substantially reduce the effectiveness of the program, which relies on freely available credits in order to function. The Historic Tax […]
Revised Homebuyer Tax Credit Does Not Require Repayment
American Recovery and Reinvestment Act of 2009 H.R. 1, the “American Recovery and Reinvestment Act of 2009,” passed the House on February 13, 2009, by a vote of 246 – 184. The Senate also passed the bill later that day. The President is expected to sign the bill soon. The bill is a $780 billion […]
First-Time Buyers Tax Credit Advance Loan Program
MHDC Rolls Out Innovative New Program For First-Time Homebuyers Starting January 2009, Missouri Housing Development Commission (MHDC) will have a new product to enable first-time homebuyers to take advantage of the $7,500 federal first-time homebuyer tax credit. This program is the first of its kind in the nation. The federal first-time homebuyer tax credit was […]