Fall Into Home Maintenance

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Visit houselogic.com for more articles like this.

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WaysHome™ Interactive video : Fannie Mae

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Ways Home

WaysHome™ Interactive video : Fannie Mae.  Homeowners who are struggling to make mortgage payments are faced with very difficult choices.  Here’s a great interactive video on alternatives to Foreclosure.  It takes you through various live scenarios to help you learn about what your options are.

Amber Williams

VIDEO: Truly locally grown – The Reporter: Serving North Penn, Indian Valley and neighboring communities

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VIDEO: Truly locally grown – The ReporterSports: Serving North Penn, Indian Valley and neighboring communities

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I really like this idea!  Although it’s not a new concept, I believe it’s time for us to make a conscious effort to change the way we do things.  Until recently I would have considered buying food from Lancaster, PA or New Jersey “buying local.”    I mean…at least it’s not from California right?!  Not only is buying local better for the environment it’s better for our health too!

To find out more or to find one in your area please visit:

Community Supported Agriculture

Buy Fresh Buy Local

Amber Williams

First Time Home Buyer Tax Credit

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I’m sure by now you’ve heard about the First Time Home Buyer Tax Credit.  But there are still a lot of questions  and confusion out there.  Some wonder who is eligible, what are the requirements and how it can be used.  So here is an honest attempt to simplify it by sharing what I know.

First Time Home Buyers Tax Credit FAQ’s

Who is eligible?  First time home buyers who purchase homes between January 1, 2009 and December 1, 2009.  By “First Time Home Buyer” they mean the purchaser or his/her  spouse may not have owned a residence  for the 3 years prior to the purchase.

How much is the credit?  $8,000 is the maximum credit allowed and is determined by two contributing factors. 

  1.  The credit is equal to 10% of the purchase price of the home up to $8,000. 
  2. Buyers Income- Single Buyers with incomes up to $75,000 and married couples with incomes up to $150,000 may receive the maximum tax credit.

Do I have to pay it back?  No!  As long as you occupy the home for 3 years or more.  However if the property is SOLD during the 3 year period than the credit will be recouped at the sale.

Which properties are eligible?  The 2009 First Time Home Buyers Tax Credit may be applied to primary residences only.

Are there any income requirements? The credit decreases for single buyers who earn between $75,000 – $95,000,  and $150,000 – $170,000 for those filing jointly.  Home buyers earning more than the maximum qualifying income are not eligible for the credit.

Time Is Running Out!  If you know of anyone who can take advantage of this incredible offer, please send them this page.  Interest rates are historically low and there are lot’s of inventory homes to choose from!

Happy House Hunting!

Amber Williams

 

 

I have provided a link here to David Bach’s video on the First Time Home Buyer Tax Credit.  It is part of a new series, “smart homeowner”