Saturday, December 19, 2009

First Time Home Buyer Tax Credit at a Glance

FIRST TIME BUYERS Credit: Equal to 10 percent of the home's purchase price, up to $8,000 Who Qualifies?
Those who haven't owned property in the last three years
Those with income up to $225,000 for couples or $125,000 for individuals (credit phases out for people who make more than these amounts)
Must be at least 18 years of age to claim credit
Purchase price must be $800,000 or less
Deadlines:
Have until April 30, 2010, to enter into a contract for a home purchase
Have until June 30, 2010, to close on the purchase
CURRENT HOMEOWNERSCredit: Equal to 10 percent of the home's purchase price, up to $6,500 Who Qualifies?
Those who have owned and lived in their principal residence for at least five consecutive years during the past eight years
Those with income up to $225,000 for couples or $125,000 for individuals (credit phases out for people who make more than these amounts)
Must be at least 18 years of age to claim credit
Purchase price must be $800,000 or less
Deadlines:
Have until April 30, 2010, to enter into contract for a home purchase
Have until June 30, 2010, to close on the purchase

PLEASE NOTE: The tax credit does not have to be repaid provided you live in the new home for a minimum of three years. Military families are exempt from this stipulation.

Consult with a tax professional for individual eligibility and implications of the Homebuyer Tax Credit.


Source: H.R. UNEMPLOYMENT COMPENSATION EXTENSION ACT OF 2009

Wednesday, December 9, 2009

House Sales for Plainview and Old-Bethpage, New York November 2009

1) 20 Eleanor Rd Plainview 11803 $360,000 Split
2) 7 Nassau Ave Plainview 11803 $375,000 Exp Cape
3) 9 Arthur Ct Plainview 11803 $382,000 Ranch
4) 44 Sally Ln Plainview 11803 $405,000 Hi Ranch
5) 11 Diamond Dr Plainview 11803 $408,999 Ranch
6) 14 Park Ct Plainview 11803 $410,000 Exp Ranch
7) 1259 Round Swamp Rd Old Bethpage 11804 $424,000 Colonial
8) 69 Cherry Dr Plainview 11803 $425,000 Hi Ranch
9) 7 Stone Rd Plainview 11803 $432,500 Split
10) 27 Richfield St Plainview 11803 $439,000 Colonial
11) 36 Debora Dr Plainview 11803 $440,000 Split
12) 63 Eileen Ave Plainview 11803 $465,000 Split
13 ) 25 Wensley Rd Plainview 11803 $465,000 Exp Ranch
14) 37 Peter Ln Plainview 11803 $500,000 Exp Ranch
15) 63A Barnum Ave Plainview 11803 $520,000 Hi Ranch
16) 11 Shelart St Plainview 11803 $554,000 Hi Ranch
17) 3 Lenmore Dr Old Bethpage 11804 $555,000 Colonial
18) 12 Melissa Ln Old Bethpage 11804 $560,000 Splanch
19) 32 Westbury Ave Plainview 11803 $565,000 Colonial
20) 6 Eton Ct Plainview 11803 $704,000 Colonial
21) 1020 Private Rd Plainview 11803 $930,000


Houses are selling! For information about your house contact me at http://www.Markschreier.com