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.
Many will use this Memorial Holiday weekend to spend time with family away from ‘everyday’ life. Away from the J.O.B.*, away from friends and as far away as possible from stress.
This is a chance to reconnect. To recharge. To rivive.
For many of us this weekend signifies the transition from Spring to Summer and the new season brings a new emphasis…a new beginning.
Before, or after (as long as it’s before Tuesday) you relax on the beach, or the deck, or the golf course read Seth Godin’s plan for getting off to a great start in Summer 2010. It’s less than 100 words…So it’ll take 15 seconds. But it’ll stick with you for much, much longer.
If you enjoyed Seth’s perspective on things you’ll also enjoy Chris Johnson talking, or I guess writing, about INTENSITY. It’s a very good read, a little longer, but worth it.
Also, are you on Twitter? I would suggest you follow Chris. Very meaningful and entertaining tweets. I’m on Twitter too, if you like that sort of thing.
*What does J.O.B. stand for? Just Over Broke…
Photo Credit
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!
In conjunction with the National Association of Realtors, First Weber will be participating heavily in the Realtor National Open House Weekend April 10-11, 2010.
View all First Weber open houses.
This is the final push to help both home buyers and sellers qualify for the $8,000 first-time home buyer tax credit and the $6,500 home seller tax credit. Hopefully this weekend will allow numerous people gain some free money from the government. The more the better.
Why an open house? An open house allows a buyer to walk through a home at there convenience at there speed with less interference from a real estate agent. Does it get any better than that?
If you’re interested in seeing the best homes available in each price range this is the weekend to get out.
And feel free to stop by and see me.
PHONE: (608) 542-0178
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.