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 sold or ceases to be used as the buyer’s principal residence within three years aft
...
01/05/2010
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 sold or ceases to be used as the buyer’s principal residence within three years aft
...
01/05/2010
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 does not have to be repaid unless the home is sold o
...
01/05/2010
Beginning 1 year after enactment of the Cap and Trade Act, you won’t be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. H.R. 2454, the “Cap & Trade” bill passed by the House of Representatives, if also passed by the Senate, will
...
01/05/2010
An article in the Washington Post does a good job explaining the impact that the Cap And Trade Bill will have on new home construction and the housing market: The bill would give the federal government power over local building codes. It requires that by 2012 codes must require that new buildings
...
01/05/2010
By Chris Flood Published: December 14 2009 02:00 | Last updated: December 14 2009 02:00 The Federal Reserve is expected on Wednesday to maintain its pledge to keep US interest rates close to zero for "an extended period" after Ben Bernanke warned that US economic recovery still faced "formidable
...
12/14/2009
Posted: November 6, 2009 In the hopes of sustaining the real estate market's recent momentum, Uncle Sam has made more than two-thirds of current homeowners and nearly all first-time buyers eligible for thousands of dollars in tax perks when they purchase a house. President Obama signed the Worke
...
11/09/2009
Frequently Asked Questions About the Home Buyer Tax Credit The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009
...
07/24/2009
Low-Ball Offers I got a call on my radio show last week from a very frustrated home seller. He is selling 30 acres of land in Topkea, not that far from Kansas City. But, every bid he gets is “way less than the house and property is worth.” I told him to take his property off the market. We’re in
...
03/28/2009
1031 exchange, also known as a Starker Trust, is used by a real estate investor who wants to sell an investment property he or she owns but does not want to pay any taxes. A 1031 exchange allows the seller of investment property to defer taxes by purchasing another property that costs at least a
...
03/28/2009
