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August 4, 2010

Light at end of tunnel for local Real Estate – Our Broker breaks it down in the Pocono Record

Filed under: Real Estate Issues in the News — Tags: , , , , , , — katrina.christian @ 2:04 pm

Maggie Flartey, managing Broker of Century 21 Select Group, weighs in on the current condition of our local Real Estate market and it’s future in an article featured in the Pocono Record. Please follow the link to read the article and don’t forget – you can post your thoughts below.

http://www.poconorecord.com/apps/pbcs.dll/article?AID=/20100725/NEWS02/7250326/-1/NEWS02

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November 17, 2009

Tax Credit News for First Time Home Buyers and “Move Up” Buyers

Filed under: Ask the Expert,Real Estate Issues in the News — Tags: , , , , , , — katrina.christian @ 5:55 pm
We Have News To Tell…
 
First-time home buyers and move-up buyers have another great reason to get on the path to purchasing a new home! The benefit to first-time homebuyers is a tax credit up to $8,000 and for move-up buyers a tax credit up to $6,500. But this opportunity ends in April1.Tom Kunz, President and CEO of Century 21 Real Estate LLC, has commented on the legislation in a new video. Click here to watch.
 
Century 21
 
A Quick Overview:

 

• Between November 7, 2009 and April 30, 2010, homebuyers that have a signed binding contract to purchase a home may be eligible for the tax credit. The transaction must close no more than 60 days after April 30, 2010.
• First-time homebuyers may receive a credit of 10 percent of the purchase price up to the $8,000 tax credit amount. If you have never owned a home before or have not owned a principal residence in the last three years, you are considered a first-time homebuyer.
• For “move up” buyers, a tax credit of 10 percent of the purchase price of the new home up to $6,500 is available for homeowners who have lived in their current residence for at least five of the past eight years.
• There are additional allowances for military families.

Visit www.century21.com to learn more about the 2009/2010 Extended Home Buyer Tax Credit.

1 Source: H.R. (1) UNEMPLOYMENT COMPENSATION EXTENSION ACT OF 2009. Please remember to consult a tax professional for details. Credit expires April 30, 2010.
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