Tax credit

Green Real Estate Rebates, Incentives, and Tax Credits Explained

by Jim Simcoe | November 12, 2010

Millions of dollars in incentive money is available to you as a real estate investor if you know where to find it. We’ve talked previously about where to find rebate money (DSIRE is a great place to start) but haven’t explained the different forms of funds available. Here’s a quick breakdown*: [*There are exceptions to [...]

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Real Estate News

The Ten Best in RE.net This Week: June 26, 2010 Edition

by Dean Ouellette | June 26, 2010

1 ) As an agent, what do you need to tell a client about a property they are interested in? Full disclosure walks you through it. The easy code to live by is just always be honest and you won’t get into trouble. 2 ) So many buyers ask us to let them know when [...]

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Housing

120-Day Opportunity for Distressed Asset Investors

by Ryan Hinricher | May 31, 2010

It’s hard to argue the real estate market hasn’t stabilized significantly from April 2009 (bottom of the first dip). It is difficult, however, to agree on what direction the market is heading over the course of the next year. But looking forward to the next 120 days, I think there’s a small window for some [...]

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Commentary

Real Test of Real Estate Recovery Starts Now

by Ryan Hinricher | May 17, 2010

Has the tax credit expiring affected your real estate business? Being a fulltime investor requires doing multiple transaction types. And for many investors that includes retail flips. When the tax credit extended many investors (myself included) placed some bets on the owner occupants buying at the second run up to expiration. This played out exactly [...]

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Real Estate News

The Ten Best in RE.net This Week: April 10, 2010 Edition

by Dean Ouellette | April 10, 2010

1 ) How To Salvage The Mortgage Industry in Six Months – If rates skyrocketed would people stop buying houses or would prices just drop so that the payments stayed the same? 2 ) Would You Use The Same Real Estate Agent To Sell Your House Again? 80% Said No! – This is just scary and [...]

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Economy

Investigation into Pending Home Sales Reinforces Recovery

by Ryan Hinricher | January 11, 2010

On the 5th of January, the National Association of Realtors released its latest Pending Home Sales Index (PHSI), showing a 16% decline over October. Almost immediately the media seized these numbers and outlets like MSNBC reported “Housing Industry May Be Headed for Double Dip”. Of course any decline anywhere in the economy right now is [...]

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Real Estate News

Congress Is Taking a Close Look at Problems with the $8,000 Homebuyer Tax Credit Program

by Christina Inman | November 16, 2009

It looks like the federal government probably should have taken a little more time to think through its first-time homebuyer tax credit program before putting it into operation, since it seems that the rush to make it available to eligible first-time buyers has left it a bit vulnerable to fraud. On October 22, J. Russell [...]

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Commentary

The $8,000 Tax Credit Question: Are We Setting Ourselves Up For An Even Bigger Problem?

by Charles Feldman | November 14, 2009

This is where is gets interesting…like it hasn’t been already, right? Now that the $8,000 first-time home buyer tax credit has been extended to loans that close by the end of June, 2010….and there has been an addition of a $6,500 credit for so-called “move-up buyers”-we wait to see what impact it will have on [...]

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Economy

Real Estate, The Stimulus And…Golf Carts?

by Richard Warren | November 2, 2009

Government efforts to stimulate the economy and prevent the recession from being as deep as it could have been have met with mixed results and that’s not a big surprise. When you spend $787 Billion on so many different programs you will have some that work, others that are so-so and some that are complete [...]

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Economy

New Home Sales fall 3.6% for September, First Decline Since March

by Joshua Dorkin | October 28, 2009

The White House keeps telling us that we’re in a recovery, yet anyone watching the economy, housing, foreclosures, unemployment, the stock market, commercial real estate, and dozens of other factors will tell you that they have some rose colored glasses glued on. Of course, if they didn’t, what they would tell us is that things [...]

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Commentary

First Time Home Owner Tax Credit Likely To Stay; But Current Homeowners Still Face Uncertain Future

by Charles Feldman | October 7, 2009

As the, so far, jobless recovery continues, the White House is reportedly hunkered down trying to figure out what to do next. Obama administration officials are taking note of programs that have worked and those that have not done as well.

Among the programs that apparently fall into the “success” column is the $8,000 tax credit for first time home buyers.

The tax credit for first timers was part of the $787 billion dollar stimulus program and is being credited with helping the real estate industry stage a modest comeback—at least among first time home buyers.

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Real Estate

First Time Home Buyer Tax Credit needs one of those Modifications

by Winston Westbrook | August 31, 2009

So the time has come to wave goodbye to the first time homebuyer credit. If you are working with first time home buyers and you haven’t locked down a property in escrow by the end of next month your clients might not be able to make the deadline of Dec 1, 2009 to get that rebate. Remember that escrow or the real estate transaction must be closed, finalized and done by Dec 1, 2009. Some people think that as long as the property is in the closing process by Dec 1 they would still get the credit but that is false. I’m sorry to inform you but it has to be completely closed.

An Extension to the First Time Home Buyer Credit?

With that said many people have been asking me if I knew if they were going to extend the first time home buyer credit. I had not heard of anything so I did a little research and low and behold there was a bill introduced back in June 10, 2009. This bill has not received too much attention because people were not worried about the tax credit expiring. Now that the clock is ticking I am sure the tax credit will be coming back into the lexicon a lot stronger in the next couple months

If you have never followed a bill in your life then you might want to take notice as an investor, real estate agent, loan officer etc. This one will affect you once it’s passed until it expires in 2011.

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Real Estate

A Government Program That Works?

by Richard Warren | July 20, 2009

We are so used to seeing our Government concoct various schemes to do this that or the other thing only to have them do something totally different. It seems that unintended consequences are the order of the day and unexpected results are the norm. That’s why it’s so surprising when something does what it’s [...]

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