First Time Home buyers Seminar in Palatine IL
February 10, 2010
Tired of Renting?
Come join us for a FREE First Time Home Buyers Seminar.
These seminars are held Monthly at Harper Community College in Palatine, IL. Residents from Arlington Heights, Palatine, Schaumburg, and many surrounding areas in the Northwest Suburbs attend these informative sessions.
You can have all of your questions answered about purchasing your new home as well as learn some Home Buyer Tips that could save you Time, Effort & Money!
Topics for Discussion Include:
How to buy a Foreclosure
New Homes vs Existing Homes
How important is Credit When buying a Home
What Mortgage program is best for you
Do I qualify for the New $8,000 Tax Credit
Tax Advantages of Home Ownership
Do I have an Inspection before making an offer
Should I have an Attorney
You can contact us at 847-222-8686 to register or Register online at www.HomeseekerSeminar.com
Deadline for February is 2/16/2010
Seminar will take place on February 17, 2010
Harper Community College~ Building A RM 242
7:00PM-8:00 PM
When It Comes to Chicago Real Estate…It’s a Buyer’s Market
February 5, 2010
It is a buyer’s market when it comes to real estate. To be a buyer the conditions could not be better. Low interest rates, home values and inventory all point to buy, buy, buy. The only thing standing in the way is money, but if people can get money and they are in the right place at the right time, buying real estate is a great idea.
If the real estate market were a car the first time home buyer would be in the driver’s seat. Not only to first time home buyers get to take advantage of low mortgage rates, low home values, but they also don’t have to sell a home before they buy a home. There are a LARGE inventory of homes for sale in the Northwest Suburbs that you can take a look at.
There may not be a better time to be a home buyer, especially a first time home buyer, for a long time. The first part of 2010 displays ideal conditions to get out there and start looking, and not to mention the $8,000 credit that is available for First Time Home buyers.
Hurry!Buy a Home in The Northwest Suburbs, Get a Tax Credit through April 30, 2010
January 6, 2010
Not only is it one of the best buyer’s markets in years, but a tax credit of up to $8,000 for first-time buyers–and up to $6,500 for long-time homeowners….Could mean extra money in your pocket!
Who Can use the homebuyer tax credit?
First-time buyers and long-time homeowners who buy a replacement principal residence. (The law defines a first-time buyer as an individual who has not owned a home in the three years prior to the day of purchase. According to the IRS, the long-time homeowner must have lived in the same principal residence for any five consecutive-year period during the eight-year period that ended on the date the replacement home is purchased.)
How much is the credit?
For first-time buyers the credit is equal to 10 percent of the cost of the home up to a maximum of $8,000 (or $4,000 for a married individual filing separately). For long-term homeowners, the credit is equal to 10% of the purchase price up to $6,500 (or $3,250 for a married individual filing separately).
What is the deadline for using the tax credit?
Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy a principal residence on or before April 30, 2010 and close on the home by June 30, 2010.
For additional information regarding the tax credit click here or contact The Stick With Steve Team to purchase a home in the Northwest Suburbs of Chicago.
Unemployment Compensation Extension & expansion of the Homebuyer Tax Credit
November 5, 2009
Today, the U.S. House of Representatives voted by an overwhelming 403-12 margin to approve the Unemployment Compensation Extension Act (H.R. 3548) that included, as an amendment, the extension and expansion of the Homebuyer Tax Credit. The bill already passed in the U.S. Senate yesterday, so now it will advance from Congress to the White House for President Obama’s signature. The Administration already has signaled its support of the Homebuyer Tax Credit amendment as well as the President’s intention to sign the bill into law.
