$6,500 Tax Credit for Move-Up/Repeat Home Buyers
March 30, 2010 by Michael Koenig · Leave a Comment
Just a reminder, you do NOT have to be a First-Time home buyer to capitalize on the Fed’s tax credit! If you are a Move-Up, Repeat or Second-Time home buyer, you may be eligible for up to $6,500 in Tax Credit’s from Uncle Sam. Here are some of the details: Who is eligible to claim [...]
$18k Tax credit for California Home Buyers! how…
March 24, 2010 by Michael Koenig · 2 Comments
This is big news for home buyers in California! The credit will apply to first-time buyers who purchase new or existing homes between May 1 and Dec. 31 of this year. It is for 5 percent of the purchase price, or up to $10,000. Governator Schwarzenegger is expected to sign it into law soon. Want [...]
Foreclosure Auction on the County Courthouse Steps
March 22, 2010 by Michael Koenig · 2 Comments
We made a little field-trip to the Alameda County Courthouse in Oakland, California. Today was simply another day on the steps of the courthouse. There were about 110 properties scheduled for the sale. However, after all was said and done, I think only ONE property was actually sold to a high bidder What happened to [...]
Mortgage Rates Set to Rise in 2010
March 19, 2010 by Michael Koenig · Leave a Comment
Is it time to rush out and buy a house before mortgage rates go up? Some analysts believe mortgage rates will jump to around 6% by year end from 5% in recent weeks, while others see only a slight increase. As the Federal Reserve winds down its intervention in the mortgage market, rates on home [...]
California Home Mortgage Protection Program
March 17, 2010 by Michael Koenig · Leave a Comment
Did you buy a home after April 2009? Or do you plan on completing a purchase this year before July 2010? If so, then you may qualify for a little extra peace of mind. Due to popularity and demand, the California Association of Realtors (C.A.R.) has extended their Mortgage Protection program to June 30th. What [...]
Federal Tax Credit Expiring Soon!
March 10, 2010 by Michael Koenig · Leave a Comment
Time to get your documents in order. It would be a total shame to meet all the requirements and be eligible for the $8,000.00 Federal Tax Credit for First-Time Home buyers, and then fail to file the required documents. Here are the requirements, as per the Internal Revenue Service website: IRS First-Time Homebuyer Credit Documentation [...]
Fixer Uppers – Buyer Beware
February 27, 2010 by Michael Koenig · Leave a Comment
The oft heard phrase “Buyer Beware” is never more appropriate than when considering the purchase of a fixer-upper. You really need to know exactly what you’re getting into before buying. It’s commonly believed that fixer-upper properties represent easy money that is ripe for the taking – that you can buy it, do a little work [...]
Tax Credit for Homebuyers
November 13, 2009 by Michael Koenig · Leave a Comment
First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000. Single taxpayers and married couples filing a joint return [...]
First-Time HomeBuyers
December 7, 2008 by Michael Koenig · Leave a Comment
Your decision to buy a home is both a sound financial decision and a commendable achievement. As your real estate agent . . . I will lead you through every step of the exciting home buying process. I will help you define your “wish list” of features you want in your home, your neighborhood and your school [...]
