They’ve been talking about it for a few weeks. It seemed like a done deal, causing many buyers and sellers to breathe a sigh of relief… Then it stalled, held up by other ‘stuff.’ Then it looked dead, causing even more stress as people attempted to get their home closed by the Wednesday deadline.
The last thing area buyers and sellers needed was a ‘slight’ delay. Any delay could have resulted in not being able to close before the June 30 deadline. Numerous title companies and lawyers were booked solid on Wednesday, June 30. Often for weeks…
But after separating the tax extension from other parts of the bill (like railway spending) the bill picked up steam and Congress nearly unanimously passed the bill.
Next the Senate passed the bill after, once again, separating it from another larger bill.
But, here’s what’s important to you:
You OFFICIALLY have until September 30, 2010 to close on the sale or purchase of your home.
Almost 200,000 homeowners can take a huge sigh of relief knowing that closing on their home just became a lot easier.
That’s always a very popular question. It goes without saying that you want your home sold in the quickest amount of time for the highest price possible…
Right?
But can anyone or any brokerage deliver the goods? Are all Wisconsin Rapids Realtors created equal?
Can you expect the same results from First Weber, Century 21, Coldwell Banker, NorthCentral or Newlun Realty?
Wisconsin Rapids says NO.
See the results from 2009.
As you’d expect, 2010 is shaping up the same as well.
If results are not important to you, call anyone. If you want the best, call the best.
Photo Credit
The Senate has passed an amendment to extend the closing date deadline for anyone who previously qualified for a tax credit. The Bill the amendment is attached to still needs to be passed by the Senate. After that another couple more steps of red tape, but all signs point to an extension for qualified buyers and sellers.
This will be especially good news if you’re navigating the often frustrating waters of a short sale…
The deadline will be extended from June 30, 2010 to September 30, 2010.
Real estate activity in April was significantly higher than a normal April, heck, even a normal July. As the dust settles and all closings take place we’ll be able to see the net effect in the overall market.
As we wait, here’s a current snapshot of activity between 2009-2010:
- Number of closings from May 1, 2010 – June 16, 2010: 85
- Number of closings from May 1, 2009 – June 16, 2009: 58
After a little math that equates to a 47% increase!
Hopefully this extension will allow a few of you sleep a little easier.
And it really can be as easy as 1-2-3.
You want to stay on top of your home search…but it can be difficult. Work, family, friends… Great weather… Vacations… Grilling…You’re pulled in a hundred different directions.
Something will always try to borrow/take/steal your time. Some good, some annoying, some painful.
But you don’t want to put your home search on the back burner, because a new home make your life and your children’s lives better. A new home will make it easier for your growing family or easier on your budget…
Solving your housing problem ends up solving many more problems. But how can you devote the time needed for your home search plus the time for the rest of your day to day activities?
Ahh, but the answer to that question really is an easy one.
Simply sign up for a Home Watch and any properties that meet your requirements will be instantly emailed to you.
No more having to sift through the same MLS listings week after week. New listings, listings with a price adjustment and even open houses that fit YOUR needs will be at your finger tips…well at least in your inbox.
No delay. No worries about missing a new listing. Or even missing an open house on a home you’re interested in.
And best of all, no disruption to your already busy life!
Click here to sign up!
Just in time for April 30, Dan Green has summarized the soon to be ending tax credits.
The $64,000 question that I’ve been receiving: “I’ve already filed my taxes, how and when will I receive my refund?”
The answer can be found in Dan’s article.
Accepted offers need to happen before April 30. Yes, that’s this Friday…
I was able to help another person get their tax credit last Friday. We’ve been looking for the past 2+ months with no luck. Obviously both the buyer and I were concerned about not finding a home that they would feel comfortable purchasing.
But we both hung in there and now she’ll be a happy first-time home buyer with a little extra cash from the IRS as well.
Have you taken advantage of either tax credit offered? Sadly, I wasn’t able to take advantage of the $6500… My five year anniversary happened in April, making it difficult to sandwich an accepted offer into the allotted time frame.
And maybe more importantly, we have a few unfinished remodeling projects… Yeah, I guess that’s probably it. 
You still have time for some free money… Get in touch and we can get started tomorrow. Happy House Hunting!
PHONE: (715) 572-8372
My name is Adam Holberg and I’m a Realtor with First Weber of Wisconsin Rapids. This website is designed to inform and help bring conversation to a topic I love, real estate.