Time is Running Out !!!

Extension of homebuyer tax credits now law
Posted: 11/5/2009
Columbus Board of REALTORS®

President Obama signed a measure today that includes an extension of the $8000 first homebuyer tax credit that was set to expire at the end of November.  In addition, the bill creates a $6500 tax credit for homeowners who purchase a new residence.

The $8000 tax credit is open to new homebuyers through April of 2010.  To be eligible, first time homebuyers must have an income of not more than $125,000 for individuals and must be acquiring a home for $800,000 or less.  The IRS will have increased ability to recognize and stop fraudulent use of the tax credit.

The $6500 tax credit is available to those who would like to acquire a new home after having occupied their current residence for at least five years.  This credit could be claimed by those with a closing date of Nov. 6 or later.

The $24 billion bill has substantial momentum due to the inclusion of jobless benefits that extend the amount of time individuals can claim unemployment by up to twenty weeks. 

So, now is a GREAT TIME to BUY you next home.   Every thing is in your favor.   Intrest rates are at an all time low and home prices are below the market... Are we at the bottom of house pricing yet?   We don't know!   We don't know until home prices are edging back up. 

Now is a GREAT TIME to BUY.

Call The Sullivan Real Estate Group today.  614-944-5988

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What is your New Year's resolution? If it involves real estate, we need to talk! 
 
Is your New Year's resolution to...
 
·         Own your own home? 
Millions of Americans will purchase their first home in 2010, and you deserve to be one of them. Owning your own home means that you're building equity in something real -- not just throwing money away every month in rent. We can help you get pre-qualified for a home loan, then help you find a home within your budget.
 
·         Sell your house, and move into a larger home?  
Your current house may be worth more than you think. We can provide a current market analysis of what your home may be worth, as well as a list of homes for sale that meet your exact criteria.
 
·         Purchase a second home? 
We can provide information on homes right here in Columbus, Ohio, or across the country.
 
·         Buy investment property? 
Purchasing real estate as an investment is perhaps the most tricky of all. Not only does the sale price have to make sense, but the rental income has to pay for the mortgage and expenses. We can provide the tools you need to make a smart investing decision.

Check out our listings in your area at
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Contact
The Sullivan Real Estate Group
for any of our services. 

Call today and ask for Mark or Ann Sullivan.
Sarah Sullivan- Buyer Specialist

614-944-5988

EMAIL:    SULLIVAN@KW.COM

                                                
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