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Seal Beach Real Estate for you's Personal News |
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Date: |
Monthly Newsletter |
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Subject: |
Current Monthly Newsletter by Pat Hale |
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Date: |
2/7/2012 |
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Subject: |
Keeping it Local! |
With the current state of our economy, it is most difficult for small businesses to survive. We all need to support our Seal Beach community by using the services and buying the merchandise that our local shops offer. Please call me first to help you with all of your Real Estate needs.
When it comes to real estate; not only are you working with an agent that is very familiar with the neighborhood and the community, but, by working with a local real estate broker, you are also helping to keep business in our town.
We are all fortunate to live in this great community, so , please let's all do our part to keep it this way! |
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Date: |
1/1/2012 |
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Subject: |
The Defining Characteristics of the Housing Market in 2012 |
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Most areas are more stable now. We are still seeing Bank Owned Properties, but at least not all properties for sale are Bank Owned. If you want to sell it is a good time to put your home on the Market. Their are buyer's out there, and the interest rate is the lowest it has ever been. Even first stime buyers can afford to buy, since most likely their payments will be the same as or lower than rent. Investors are also buying a lot of properties and their payments are usually lower than what they can rent them for. |
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Date: |
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Subject: |
Timing is Everything |
Dear Friends,
In this week?s newsletter,I reveal several practical tips for doing the right thing at the right time. You can make bundles of money, eliminate stress, and get more for less.?
click here
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Date: |
11/9/2009 |
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Subject: |
Monthly News Letter |
Dear Friends,
In this week?s newsletter,I reveal several practical tips for pricing your home in a turbulent market, show you how to find the best cellular service in your area, and explore the future of ?augmented reality.?
click here
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Date: |
9/9/2009 |
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Subject: |
Updated information on First Time Homebuyer Tax Credit |
The First-Time Homebuyer Tax Credit
Do you or anyone you know qualify for the first-time homebuyer tax credit? If so, here?s how to take advantage of this lucrative incentive.
Qualifying first-time homebuyers can claim 10% of the purchase price up to $8,000, or $4,000 for married individuals filing separately. The credit is available for purchases completed on or after January 1, 2009, and before December 1, 2009. The credit is refundable, meaning recipients receive a check for any claim amount beyond what?s owed in taxes.
Eligibility for the first-time homebuyer credit is determined by the date of the completed purchase, not the date of occupancy. One exception is if the home is being constructed, then the date of occupancy is considered the date of purchase. The home must be used as a primary residence (generally defined as where an individual spends more than 50% of their time). To be eligible, the buyer, or either spouse, cannot have owned and used a home as a primary residence within the last three years. A taxpayer who owned a rental property but not a primary residence within the past three years is eligible for the credit.
The credit does not have to be repaid unless the home is sold or ceases to be the primary residence within three years. There are some exceptions: homes sold as part of a divorce settlement, homes destroyed in a natural disaster, homes subject to condemnation, etc.
To be eligible for the credit, the home cannot be inherited, received as a gift, or purchased from a spouse or related person. The credit applies to any type of new or existing dwelling. Even some houseboats and manufactured homes used as primary residences are eligible. The $8,000 tax credit phases out for individuals with modified annual gross income (MAGI) of $75,000 to $95,000 and married couples with MAGI of $150,000 to $170,000.
With interest rates hovering at historic lows and housing affordability at its best level in more than a decade, this is a timely tax incentive. To claim the credit, fill out the IRS Form 5405 and claim this amount on line 67 of the 1040 income tax form for 2009. For more information, visit the IRS Newsroom.
The above content is for informational purposes only and should not be used as a substitute for consultation with a tax advisor.
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