Here’s an article for taxpayers claiming the credit for 2009:
Bottom line: You may need to consult an accountant, as there are various criteria for claiming the Federal Housing Tax Credit.
Clearing up confusion regarding tax credits
Contact me with any questions!
There have been numerous improvements Since the debut of the Reverse Mortgage loan program in the late 80’s.
For instance, a Reverse Mortgage can be used to PURCHASE a home. Those over age 62 looking for a new home will be pleased to learn that a Reverse Mortgage can be obtained for up to 50% of the price. The maximum loan limit is $625,000.
But WAIT- there’s MORE! A Reverse Mortgage can also be used to purchase a VACATION HOME! That’s right! The beach condo you’ve been wanting can now be YOURS if you are shy of having enough cash for the entire purchase. And there are NO repayments due until 12 months after the last owner has vacated the property!
I work with local Reverse Mortgage Specialist Jim Trickey. Being an active senior himself, Jim understands the various concerns that buyers and their families may have about these loans. He’s been helping seniors relieve financial stress for several years and has become extremely knowledgeable about the mortgage options available to baby boomers.
If you are over 62 and would like to purchase a primary home or vacation home, but need a little bit of mortgage money to make it happen, please contact me directly and I will be more than happy to refer you to Jim.
To see what local real estate is available, please visit my website:
This just in:
Residential real estate sales for the month of December in the following beach areas:
Indian Rocks Beach, Indian Shores, Belleair Beach/Sand Key
There were 37 sales, consisting of:
Condominiums- 26 sales (Condotels- 1 sale)
Single Family Homes - 9 sales
Townhomes- 2 sales
Average square footage = 1710
Average Beds/Baths = 2/2.5
Average list price = $499,054
Average sales price = $439,405
Sales price to List price ratio = 90%
Average Days on Market = 203
Number of properties that are on the beach side of Gulf Boulevard (NOT necessarily Gulf front views) = 17
High sale: $1,500,000 - Belleair Beach home, over 4500 sq ft on Intercoastal water.
Low sale: $141,000 – Condo, Indian Shores (Barefoot Beach Resort)
If you'd like to live here, full time or part-time, NOW is the time to buy!
There are abundant news and media sources leading the novice investor, or the eager buyer, to believe that beach front condos are available for around $100,000. Today I hope to dispel that myth.
Here are 5 homes that are priced at exactly $100,000. I don’t feel that Short Sale property listings can be used for this particular blog segment, since list prices are still not regulated, and in many cases, do not reliably reflect market values.
Home #1: Clearwater condo, over 1500 sq ft, age restricted (55+), no pets, 2 bedroom/2 bath.
Home #2: Dunedin house, over 1000 sq ft, block home, 2 bedrooms, 1 bath.
Home #3: South Pasadena condo, over 1000 sq ft, no pets, age restricted (55+), 1 bedroom, 1 bath.
Home #4: Pinellas Park house, over 1500 sq ft, lakefront, 2 bedrooms, 2 baths.
Home #5: St. Petersburg house, over 1200 sq ft, 2 bedrooms, 1 bath.
Please note that NONE of these are bank-owned. It’s been my experience that these are usually listed at $99,900 rather than $100,000……another topic for another blog!
Visit my website today to see featured listings as well as review a list of current bank-owned real estate on or near the beautiful beaches of Pinellas County.
