Real Estate

Trusted real estate services for Buyers and Sellers in the Greater Vancouver area since 1985. Two locations to serve you better!

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Austin Real Estate Agent Warns That $8000 Tax Credit is Set to Expire.

Austin real estate broker and author Kenn Renner reminds first time homebuyers that the $8000 federal tax credit will expire November 30th, 2009. In February 2009, President Obama signed into law the American Recover and Reinvestment Act of 2009. One of the key components of the act was the $8000 First Time Home Buyer Tax Credit. Basically, a gift from the federal government to be allocated to qualified first time homebuyers. The act has been received favorably by consumers, real estate professionals, and homebuilders. The National Association of Realtors recently reported that 53% of todays homebuyers are first timers. Experts give credit, in part, to the $8000 tax credit. Low interest rates and low prices have also played a big part in the home buying activity.

Buying a first home at the right time is always a good move, comments Kenn Renner, real estate expert with Keller Williams Realty. Homebuyers just need to realize that the tax gift is going away and that now is the time to take action, he added.

Just as the cash for clunkers program recently expired, the first time homebuyers tax credit is set to expire. The deadline is Monday, November 30th. This day is the Monday after the Thanksgiving Day Holidays. Title companies, escrow companies, and mortgage companies have been alerting the real estate community and their clientele to not wait until the last minute to close on a home as they will be overwhelmed with home buyers trying to beat the deadline.

I have heard some title companies mention they will need purchase contracts in by late October to ensure they have plenty of time to meet the deadline, Kenn explains. There is no grace period there is talk that the government may continue the program, but right now we cannot assume any date except the current deadline that is stated in the law.

In Austin, as in other cities, this has created a flurry of activity, even creating a sellers market in many markets in the first time homebuyer price range. Well priced properties in good areas under $200,000 are flying off the shelf, mentions Kenn. At this point, I have been encouraging home renters to consider purchasing the home they are currently renting. This has been a good strategy for all involved. Often times, the landlords are ready to sell and the buyers can get the $8000 credit and not have to move its a win-win!

Down payment assistance programs are being offered by many government agencies including county and state bond programs. Many programs are now available to first timers that combine the $8000 tax credit along with zero down and those with lower credit scores. This is a perfect opportunity to buy your first home with the help of government assistance.

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This Realty Executives video clip shows home buyers who want a dream home but are unaware that property info should come from a buyers realtor. Real estate results, another executive advantage.

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Did “your” real estate agent tell you about the barking hounds next door to your new house? What else did “your” real estate agent forget to tell you? Maybe you should hire an exclusive buyer’s agent to represent you in connection with your next home purchase. Exclusive buyer agents represent people, not properties. For more info go to www.naeba.org.

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Debra Allen is a REALTOR(R) with Arizona Pro Realty in Phoenix, AZ. Taking part in REALTOR.com(R)’s Ask a REALTOR(R) feature, she answers the question, “How do I locate and appraise short sales?”

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In this video clip, real estate broker owners from Realty Executives International, explain why buying a home, or any real estate investment & choosing an agent require finding the best real estate company.

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Real estate agent, helping people to buy and sell real estate in Mississauga, Brampton and the entire Greater toronto area.

Asher Ullah
Broker
Re/Max Active Realty Inc Brokerage
Ph# 416-568-5932
www.homesforgta.com
email@homesforgta.com

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Commercial about why Charlotte Laws of Prudential California Realty is “Your Top Agent” for Los Angeles and the San Fernando Valley. She is in listed in the top 1% of agents nationwide and is tops for client satisfaction. Her website is www.YourTopBroker.com Contact her for a free consultation. Actors in video include Kayla Laws as Betty Buyer, Charles Parselle as Stan Seller and Charlotte Laws playing all roles of Real Estate Agents. Music by Matt McLellan.

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Real estate agents sometimes have a sixth sense for what a buyer wants. Is space, price range or style most important? How does a good agent discover what her client needs and wants? View this Expert Real Estate Tips segment for insight into how real estate agents figure out what their clients really want to buy and to learn why exposure to properties is key in finding out what you want in a property.

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Interview with Real Estate Investor Corey. We discuss the current market for investing in residential and commercial properties. Corey goes into detail about the recent collapse in real estate an what he expects to come in the next few years. He goes into detail how investors were hurt, even in moderately collapsed markets and how there is little upside long term in playing the real estate game.

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