Military Extension of Home Buyer Tax Credit
March 8, 2010
If you or someone you know has been on extended active duty in a foreign country, they may have an extra year for the home buyer tax credit deadline.
For qualified service members who are ordered on a period of official extended duty , these deadline dates are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.
“Official extended duty” means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010.
Read more about the tax credit extension and who qualifies…
The 3 P’s of Real Estate
January 20, 2010
Many agents only do the 3 P’s when they list a home.
- Put a sign in the yard
- Put it in the MLS
- Pray.
This is the old way of thinking. I have my degree in Computer Science and Web Development, so I understand the internet. It’s a well-known fact that most people today use the internet to search for homes.
- I take my listings a hundred steps further and get each of my listings on more web sites than anyone has ever tried.
- I have large social networks of potential buyers that I market to. I have unique tools driving loads of buyer traffic to my site where I have my listings featured.
- I get my listings to the top of the search engines for certain key words.
- I give my listings the most exposure possible and it’s always expanding.
- I am revolutionizing the way real estate marketing is done, not only here in Stark County, but the nation and the world.
Ohioans Pay Less for Homeowners Insurance than Nation
January 6, 2010
The average homeowner’s insurance in Ohio for 2007 was only $548, while the national average was at 816. This again helps prove Ohio is a cheaper place to live!
Source: Canton Repository http://ow.ly/16f763
Akron Ohio Among Top 10 Cities to Buy a Home on Today Show
January 5, 2010
If you watched the Today Show this morning you would have seen Barbara Corcoran, a real estate consultant, mention Akron Ohio as one of the top 10 cities to buy a home. Reasons she mentions are the median price is 10% less than 2007, and great jobs are moving into the area. Akron’s sister cities Canton and Massillon are less than a 30 minute drive and offer even better pricing and an easy commute. View the video below.
Visit msnbc.com for breaking news, world news, and news about the economy
Home Buyer Tax Credit Extended!!
November 9, 2009
Well, we can’t call it the “$8000 First Time Home Buyer tax credit” anymore, but it’s been extended till April 30th 2010 and expanded to include current home owners looking to buy again! You don’t have to close by April 30th, just have a binding contract by that date and close by June 30th, 2010.
Who Qualifies
First Time home buyers can qualify up to $8000 if they:
- haven’t owned a home in the last three years
- make less than $125,000 individually or $225,000 as a couple (you may qualify for part of the credit if you make more)
- buy a primary residence that costs $800,000 or less
Current home owners can qualify up to $6500 if they:
- lived in their primary residence for five concurrent years out of the past eight
- meet the same income thresholds as first-time buyers
Military Service Members:
- Members of the U.S. armed forces, military intelligence, or foreign service on qualified extended duty get an extra year to take either credit. And if you or your spouse has been deployed overseas for 90 days or more in 2008 or 2009, you have until April 30, 2011 to claim the tax credit.
Caveats:
- You’ll need to stay in your new home as your primary residence for three years.
- You can’t buy your home from a family member.
- If your spouse has owned a home before, you will qualify for the $6500 credit.
- Many members of congress say this the LAST tax credit for home buyers we will see in a long time.
The National Association of Realtors says first-time buyers accounted for more than 45 percent of home sales in the past year. If we see those kinds of numbers for 2010, I believe we could really see a huge impact on the market and possibly work towards a speedy recovery.
First Time Home Buyer Seminar
November 4, 2009
Free First Time Home Buyer Seminar
November 19th 2009
7:30 PM
for all college students!
PRESENTED BY: Malone University’s SIFE & FREE Enterprise
This small seminar will present in-depth, informative conversation about how to purchase your first home including getting prepared, getting financing, finding a home, how to find a good deal, the lending process, $8000 tax credit, the current market, what to expect throughout the whole buying process and much more.
Featured Speakers:
- Mike Stoffer of Stoffer Mortgage
- Joe “Joey” Marino III, Realtor with Whipple Realty
- Lloyd Mortin of Stoffer Mortgage
For more info contact:
Julie Szendrey ~ 330-471-8336 ~ Email
Directions:
Malone University
Johnson Center
2600 Cleveland Ave. NW
Canton, OH 44709
Spacious Perry Hills Colony Split Level with Large Yard
October 21, 2009
Look for Northeast Ohio Homes for Sale on Twitter
October 5, 2009
If you are looking for a home in Northeastern Ohio and would like to be automatically updated of new listings in your area, now you can with twitter!
It’s super easy! Here’s how:
- Go to @NEOhioHomes twitter account.
- Or search for certain areas with search.twitter.com with searches like this #realestate #canton
- Follow @NEOhioHomes or add the search to your RSS reader.
If you want to be updated by email, sign up for my free search app.
Canton Among Top 5 for Affordable “Move-UP” Housing
September 24, 2009
According to the article below, Canton is much more than that place that has the Pro Football Hall of Fame. It turns out, not surprisingly to me, that Canton is among the top 5 most affordable housing markets in the nation. Not far ahead of Canton is our neighbor to the north, Akron.
The following article states that the influx of first time buyers has caused a surge in second time “move-up” buyers looking for a good deal. The average Stark County home is only a fraction of the cost of California home. Not to mention our living expenses are considerably lower. The luxurious homes in Jackson , Perry, and Plain Townships surrounding Canton are low priced compared to anywhere. With all the things northeast Ohio can offer, it’s a great place for people to move looking to upgrade their lives and spend the least amount doing it!
Article on Canton’s placement in the top 5 most affordable markets
Get affordable housing in Canton Ohio and Stark County now
First Time Home Buyer Tax Credit Extension?
September 17, 2009
There’s talk of an extension for the first time home buyer tax credit. There’s been a number of bills introduced to congress having to do with this extension. The latest potential extension gives it another 6 month run. Congress just passed a bill extending the credit for service members only for a year. It might be worth looking into purchasing your first home if they pass it. Read here how to buy your first home.
UPDATE: There is more and more talk every day about this extension. Nancy Pelosi mentions a possibility of extending it to all home purchases, while other bills have been introduced to extend to the end of 2010 with a gradual reduction.
With the tax credit deadline fast approaching, the tax credit is almost out of reach. The inventory of available homes are starting to dwindle as first time buyers are getting all the good deals as soon as they come available. Any new buyers may as well forget about good deals that can be found with foreclosures or short sales because they take too long. There is barely enough time to find a home and get financing in our area. If you’ve planned on buying and taking advantage, you better act now.
I feel that the market is being helped by this “cash for houses” plan and to see it go will also see a downturn in the housing market and economy. With 1,400,000 new buyers this year thanks to this stimulus, it’s going to be sad to see it go.
**There is no official approval for an extension or new tax credit for next year.
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Listings
Investment Property! 6 Unit Apartment Building for Sale in Canton OH – Multi-family, multi-unit
Canton Ohio Investment Property for Sale
For Sale $23,900
Completely Remodeled 3 Bedroom Home for Sale in Canton OH with large lot
Completely Remodeled 3 Bedroom Home for Sale in Canton OH
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Large 4 Bedroom Remodeled Canton Home w/ First Floor Laundry
Large 4 Bedroom Remodeled Canton Home w/ First Floor Laundry
For Sale $59,900
Uniontown/Springfield Twp Home For Sale – 2005 built house with large lot and detached garage
Uniontown/Springfield Twp Home For Sale – 2005 build w/ almost 3/4 acre and detached garage
For Sale $150,000
New! Remodeled Cozy Canton 3 BR Brick Bungalow with Finished Basement
Canton Ohio Remodeled Home For Sale
For Sale $62,900
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