I read the following article and thought it might be beneficial to anyone that wanted more info on the $8,000. First-time Home Buyers Tax Credit. I also wrote 7 questions and answers you might have about this tax credit which you can read here First Time Homebuyer Tax Credit Questions and Answers
Yesterday I attended my 2nd Rebar Camp Conference where people from all over the area, and sometimes the country, get together to share ideas and show how to use the newest andbest technologies. Yesterday I attended the Portland, Oregon Rebar Camp.
DAKNO Marketing live streaming the Portland, OR Rebar Camp
How does my learning new technologies help my Real Estate Clients? The more I learn, the better my Real Estate Marketing gets.
Twitter-a fast paced micro blogging site where you get involved with people from your area, or interest.
How can this help you? Look at President Obama….he was the first President to use Social Media sites to get his message across. This is the perfect media for that, and many many times we see things happening before it hits mainstream media.
Flickr- Again, a site where someone that loves photography can upload photos, make sets (groups of photos on a certain subject) and then put a website link.
How does this help you? It helps people find people with similar interests. Real Estate is all about people, and we all like to work with people that have similar interests.
Using Video in Marketing and Blogging sites- Blogging is absolutely the 21st Century way to connect to people. Somewhere around 2-5% of all REALTORS are actually blogging consistently, actually working at building relationships online. Imagine the difference of hiring a Real Estate Professional that understands the importance of todays technology to help their clients as well as develop a network of other professionals. Video is becoming more important than ever as people have less and less time to read everything (like this). This can only help you in the long run!
Rebar Camp Portland was a fun time, and I met several Oregon Professionals from several fields, all that spent the day helping each other learn new things.
That is the real benefit of the Rebar Camps. Hiring a Real Estate Agent that understands technology and utilizes it is the way to go in todays world.
Thanks everyone in Portland, OR and the Portland REBAR Camp from Kathy McGraw
If you are like the Millions of other Southern California Home Buyer’s you have questions that need answers.
Driving Directions and Phone Number
Have you been wondering how the Obama “Stimulus Package” affects you? Not everyone is eligible, but if you are buying a Home this year, you just might be. Below are a few questions and answers that many people have about the $8,000 tax credit.
• Will I be able to get the money as a refund on my taxes? Yes, the credit is refundable. If you qualify then you will either get a refund, or the money will be used to offset the taxes you owe.
• Do I get the whole $8,000? The tax credit is either 10% of the homes value or $8,000. Whichever is less.
• What if I bought a house before, am I still a 1st time Home Buyer? A “1st time home buyer” for purposes of Real Estate (and both the previous and current tax credits) is someone that hasn’t bought a home in the past 3 years.
• When do I have to buy a home in order to qualify for this credit? This credit is for homes that are bought between Jan.1st and Dec.1st and close escrow before the end of the year.
• Do I have to live in the house to get this credit? Yes, you have to live in the house as your primary residence for at least three years. If not you may have to pay the money back.
• How do I file for this $8000 credit? You would file as usual, and fill out the revised version of IRS form 5405. If you already filed your taxes for 2008 you can file an amended return and claim the credit, or claim it on next years tax return.
• Are there any Income Limits? Yes, a buyer cannot make more than $75,000 or $150,000 for couples that file a joint return.
*Anyone that wants to buy in Central Oregon to take advantage of the $8,000 tax credit might want to read this Post about things to consider before buying.
*If you are a 1st time Home Buyer thinking of buying a home in CA, the following Article might be of interest to you. CA is the only State offering a Mortgage Protection Plan. The CA Mortgage Protection coupled with the $8,000 tax credit is a great reason to buy a Home now, and that’s not even counting low interest rates and home prices!
Mountain Springs is a Senior Mobile Home Park located at 3800 W. Wilson. Banning, CA.
3800 W. Wilson #384 is proven to be the best home for sale in Mountain Springs Mobile Home Park
There are several homes for sale as of today, and I wanted to give you an idea of the value. Some people only look at the price, but that really is just one of the components. One important measure of value is how much are you paying for each sqare foot of space. In order to know if the price is right, and if you are getting a good deal, look at the size of the home (the sq. feet) and divide this into the price. This is how you know which home for sale is the best value. (more…)
