June 2009

2009 HOMEBUYER TAX CREDIT SITES TO YOU GET THE MOST OUT OF IT

Thursday, June 11th, 2009 at 7:36pm. 295 Views, 0 Comments.

We've talked in previous posts about the first-time buyer and the importance of the 2009 Homebuyer Tax Credit which can be claimed on either your 2008 or 2009 tax return and in reality is like having a bag of cash in the bank. Every week there is a new program out specifically addressing creative ways to take advantage of the credit, and if you are a first-time home buyer, you need to know the details.

There are several sites that will help in understanding not only the credit, but advantageous ways to apply it. MSNBC recently did a nice article on the subject called Getting The Most Out Of Your Homebuying Tax Credit.

Another site REBAC (Real Estate Buyer's Agent Council) doews a nice job of explaining the 2009 Homebuyer Tax Credit.

Again, for the first-time…

IF YOU ARE QUALIFIED FOR A MORTGAGE, GO GET THAT DEAL NOW!

Sunday, June 7th, 2009 at 7:39pm. 216 Views, 0 Comments.

With the tightned credit restrictions, it makes perfect sense that if you are pre-approved for a loan you take action now instead of waiting.

There are many reasons to act now, not the least of which rates will be rising, even though they are currently quite low. Last week ended with the 30-year fixed rate rose above 5% for the first time in a while. One can assume with relative certainty that mortgages will be costing more in the very near future. 

Another reason to pull the trigger if you are serious about looking for a home and you are a first-time buyer is the $8,000 Tax Credit Bonus. You must purchase the property prior to December 1st, 2009 and plan to make it your full-time residence for at least two years. Unlike previous tax credits, this one is…

HOMESTEAD EXEMPTION EXPLAINED

Friday, June 5th, 2009 at 8:14am. 174 Views, 0 Comments.

Many times we are asked by prospects who are moving to the area full time and will be making Naples their permanent residence about the Homestead Exemption and what it entails.

Every person who owns a dwelling in the State of Florida and who resides in that dwelling, and in good faith makes it his or her permanent home, is eligible for this exemption. Once granted, you are entitled to a reduction of up to $50,000 from the assessed value of your dwelling.

The best bet for finding out about information for the Homestead Exemption is to visit the Collier County Property Appraiser website. If you click in the green bar to the left under Homesteads and Exemptions you will get a detailed explanation along with the requirements and time for filing for the…