Here is a cute video that explains the $8,000 First Time Homebuyer Tax Credit and the extension to April 30, 2010. In addition the video covers the $6,500 Tax Credit for Repeat Homebuyers. The short video does not cover all the details — but does a good job covering the basics. For full details go to WAHomeowners.com
Please click here for video...
Thursday, November 19, 2009
Tuesday, November 17, 2009
Real Estate Snapshot for October...
Attached is a link to the current Snapshot for the Wenatchee Valley Real estate market in October compared to October last year. This is as always curtesy of Pacific Appraisal and Associates. The prices are down by 19% and the units sold are up by 11%. Median home price is down to $224,676. The median, for those who have forgotten from statistics class, is the middle of the range. The same amount of volume below and the same amount above this price . I generally use the Wenatchee Market Totals to view what is going on in my market. Even though I service the entire MLS, the Wenatchee Market is my primary focus. Please let me know if you have any questions. Cashmere, Leavenworth, and Chelan Snapshots will be available shortly...
Click here for the Wenatchee Valley Snapshot
Click here for the Wenatchee Valley Snapshot
Thursday, November 12, 2009
"Why to use a Realtor" New video from WAHomeowners....
This video explains some of the benefits of using a Realtor to buy a home.
Please click here for video
Please click here for video
Another Lot Sale...
Vacant land seems to be moving right now. Does anyone need a lot to build on? We are running out of inventory!! We have one pending sale and an outstanding offer on another lot this week. Red Hawk Canyon Subdivision is the best location in Wenatchee right now.
Monday, November 9, 2009
Tax Credit extention Details...
Here is information regarding the recent passing of legislation extending the first time homebuyer tax credit. Also included is legislation that would give current homeowners a tax credit...
Great News For Washington Homebuyers!
Update as of 11/06/09
President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law today. The legislation greatly expands the First Time Homebuyer Tax Credit by making more first time homebuyers eligible for the credit and now includes homebuyers that are not first time homebuyers. This new legislation is a huge victory for you, the Washington REALTORS and the National Association of REALTORS.
First Time Homebuyers
The current law is extended until April 30, 2010. Buyers have until that date to have a signed purchase agreement. There is an additional 60 day grace period to complete the financing. More first time homebuyers are eligible because the new law raises the annual income limits from $75,000 to $125,000 for singles and from $150,000 to $225,000 for married couples.
Current Home Owners
Over 60 percent of current home owners will be eligible for a tax credit of up to $6,500 if they purchase a home by April 30, 2010. These homebuyers must have lived in their home for five consecutive years over the previous eight years to qualify. Qualified homebuyers can get the credit if they purchase a home for $800,000 or less as their primary residence between November 7, 2009 and April 30, 2010. The income limits are the same as the First Time Homebuyer listed above.
Please see the links below for details regarding the new legislation:
Frequently asked questions regarding the new Homebuyer Tax Credit.
A chart comparing the original Tax Credit with the new, expanded Tax Credit.
Press Release (11/06/09) Washington REALTORS & the new Tax Credit.
REALTORS helped State Leaders Express Support
Thousands of WA REALTORS® urged Congress to extend the tax credit
Nearly 5000 REALTORS® in Washington (more than 27% of our members) helped convince Congress that the home buyer tax credit is critical to the nation's economic recovery. Washington REALTORS® was recognized by the National Association of REALTORS® because it had the fifth largest state association response rate to the Call for Action in the country.
This victory helps the economy, helps put more Washington residents into homes and helps generate transactions for our members. This is a major benefit of being a member of the REALTOR organization.
Great News For Washington Homebuyers!
Update as of 11/06/09
President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law today. The legislation greatly expands the First Time Homebuyer Tax Credit by making more first time homebuyers eligible for the credit and now includes homebuyers that are not first time homebuyers. This new legislation is a huge victory for you, the Washington REALTORS and the National Association of REALTORS.
First Time Homebuyers
The current law is extended until April 30, 2010. Buyers have until that date to have a signed purchase agreement. There is an additional 60 day grace period to complete the financing. More first time homebuyers are eligible because the new law raises the annual income limits from $75,000 to $125,000 for singles and from $150,000 to $225,000 for married couples.
Current Home Owners
Over 60 percent of current home owners will be eligible for a tax credit of up to $6,500 if they purchase a home by April 30, 2010. These homebuyers must have lived in their home for five consecutive years over the previous eight years to qualify. Qualified homebuyers can get the credit if they purchase a home for $800,000 or less as their primary residence between November 7, 2009 and April 30, 2010. The income limits are the same as the First Time Homebuyer listed above.
Please see the links below for details regarding the new legislation:
Frequently asked questions regarding the new Homebuyer Tax Credit.
A chart comparing the original Tax Credit with the new, expanded Tax Credit.
Press Release (11/06/09) Washington REALTORS & the new Tax Credit.
REALTORS helped State Leaders Express Support
Thousands of WA REALTORS® urged Congress to extend the tax credit
Nearly 5000 REALTORS® in Washington (more than 27% of our members) helped convince Congress that the home buyer tax credit is critical to the nation's economic recovery. Washington REALTORS® was recognized by the National Association of REALTORS® because it had the fifth largest state association response rate to the Call for Action in the country.
This victory helps the economy, helps put more Washington residents into homes and helps generate transactions for our members. This is a major benefit of being a member of the REALTOR organization.
Thursday, November 5, 2009
House and Senate pass bill extending first time homebuyer tax credit...
The tax credit for first time homebuyers has passed the house and senate. On to the POTUS to sign into law.
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