Liz Sells...Oceanside

Tax Credit passes Congress & is Expanded!

lizsells — Fri, 06 Nov 2009 18:12:41 +0000

The U.S. House of Representatives today passed a bill extending and expanding the Federal Tax Credit for First-time Home Buyers. The bill was passed in the U.S. Senate late yesterday and will now go to President Obama for his signature, where it is expected to be signed this week.

The tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to receive a tax credit of up to $8,000, while existing homeowners will receive a reduced credit of up to $6,500. Existing homeowners will be eligible for the $6,500 if they have lived in their current residences for at least five years. The bill also will increase the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers, to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000.

Under additional provisions in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The bill maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.

Crime Stats

lizsells — Thu, 29 Oct 2009 14:45:50 +0000

http://mapping.arjis.org/

Maybe we’re getting close on tax credit extension and extending to reapeat buyers!

lizsells — Thu, 29 Oct 2009 13:48:15 +0000

US senators eye extending home credit to end-April-sources By: AFX | 28 Oct 2009 | 04:27 PM ET Text Size WASHINGTON, Oct 28 (Reuters) – A popular U.S. tax credit for first-time homebuyers would be extended until the end of April and expanded to cover repeat buyers under a deal reached by key senators, sources familiar with the plan said on Wednesday. The sources said the tax credit would remain at its current $8,000 for first-time buyers, while a new credit for repeat buyers of a primary residence who have been in their house for at least five years would receive a credit of $6,500. Senate Banking Committee Chairman Christopher Dodd said on Tuesday that a deal had been reached, but he declined to provide details. It was still unclear when the Senate might take up the measure. (Reporting by Corbett B. Daly; Editing by Dan Grebler) Keywords: USA CONGRESS/HOUSING CREDIT (corbett.daly@thomsonreuters.com; Tel: +1 202 904 0962; Reuters Messaging: corbett.daly.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

Oceanside School Rankings

lizsells — Thu, 29 Oct 2009 13:46:00 +0000

For local school information, click here:

http://school-ratings.com/cities/Oceanside.html

SD Union Tribune Article

lizsells — Sat, 17 Oct 2009 19:52:56 +0000

Home prices across area ending decline, data show – SignOnSanDiego.com

Foreclosure lists are a great tool…

lizsells — Wed, 14 Oct 2009 05:23:47 +0000

If you are looking for a home, one stop to make is getting the Foreclosure list from your local real estate office and even better ask them to email it to you. Plug in addresses into your GPS and start driving the neighborhoods. A great tool to get familar with your city!

$8000 tax credit….

lizsells — Wed, 14 Oct 2009 05:06:09 +0000

Hurry! Not much time left to close for First Time home buyers….the $8000 tax credit expires Nov. 30, 2009. We all hope this gets extended to keep the real estate activity UP!