Julie Johnson

Better Homes & Gardens Real Estate | David Winans & Associates

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Entries Tagged as 'Taxes'

You’ve got til April 30th to find a home

March 4th, 2010 · No Comments · Taxes

Just a quick reminder, if you are a first time home buyer or have not owned a home in 3 years, you have until April 30th to get a home under contract to get up to $8000 from the government. You do not have to close on the home until June.

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Tags:home buyer's tax credit

New Home Buyers Downsizing and Going Green in Recession

February 2nd, 2010 · No Comments · Economy, Taxes

For the first time since 1982, the square footage of completed new homes fell from an average 2,520 square feet to 2,480 square feet in 2009, according to the National Association of Home Builders. Smaller homes have been a trend for many years (fewer bedrooms and bathrooms) but the recession has accelerated that trend. And [...]

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Tags:downsizing·Economy·first time homebuyers·first time homebuyers tax credit·going green·recession·smaller home sizes·Tax credit

Expanded Tax Credit for First Time Home Buyers

January 8th, 2010 · 1 Comment · Economy, Taxes

Great news for those who missed out on the new home buyers tax credit! Home buyers can take advantage of the extended new home buyers tax credit, up to $8,000 (or 10% of the purchase price), until April 30, 2010 . Additionally, existing homeowners can also take advantage of a new tax credit up to [...]

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Tags:buying a home·existing homeowners·first time home.expanded tax credit·home buying·homes·Real Estate·Tax credit

$8,000 Tax Credit Now Available at Closing for FHA Loans

June 9th, 2009 · 1 Comment · Real Estate, Taxes

The Federal Housing Administration (FHA) will now allow the maximum $8,000 tax credit to be applied at closing for qualified home buyers. Additionally, FHA will now allow those home buyers to use the credit to make a larger down payment (FHA still requires 3.5%), cover closing costs or to buy down their interest rate. This [...]

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Tags:$8000 tax credit·closing costs·down payment·home buyers·Real Estate

Mortgage Rates Hit Record Low

March 22nd, 2009 · No Comments · Economy, Taxes

One day after the Federal Reserve announced it would be doubling the amount of mortgage debt it would be buying, mortgage rates fell to a record low at well under 5%. This is the lowest that mortgage rates have been in more than 40 years and this is the perfect time to fulfill the American [...]

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Tags:Interest rates·Tax credit

New Home Buyers Claim Tax Credit on 2008 Taxes for 2009 Purchase!

February 24th, 2009 · 3 Comments · Real Estate, Taxes, Tips

The new stimulus package will allow new home buyers, defined as those who have not owned a home in the last three years, to take the maximum $8,000 tax credit off their 2008 taxes even though the purchased will take place in 2009. The tax credit is 10% of the purchase price with a maximum [...]

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Tags:first time home buyers·Tax credit

Update: Tax credits for home buyers and homeowners

February 12th, 2009 · 4 Comments · Green, Real Estate, Taxes

The bill now being considered offers first-time homebuyers a tax credit of up to $8,000 if they buy homes between Jan. 1 and Dec. 1, 2009. Those who haven’t owned a home in the last three years will qualify as first time buyers. Additionally, existing homeowners could get a tax credit of up to $1,500 [...]

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Tags:energy efficent·first time home buyers·Tax credit

$15,000 Cash for Buying a Home

February 6th, 2009 · No Comments · Taxes

Currently, the government is offering a $7500 tax rebate for first time home buyers when they buy a new home. This rebate is a interest free loan with repayment not starting for 5 years. Now, there are discussion of increasing this amount to $15,000 and doing away with the repayment. This is great information for [...]

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Tags:cash for buying a home·Dallas homes sales·dallas market conditions·tax rebate