2009 Homebuyer Tax Credit

2009 Homebuyer Tax Credit


A $8,000 tax credit will be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not have to be repaid. Most of the details of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

For more information visit http://www.federalhousingtaxcredit.com/

Trumansburg Ponderosa 50+ acres

Now Could be the Time to Buy

• Inventory is up.
• Sellers are motivated.
• Interest rates are down. Recent cuts in the prime rate by the Federal Reserve have sparked drops in interest rates, which at the end of January were below 6 percent for a 30-year fixed-rate mortgage. While banks have tightened lending requirements in the wake of increased loan defaults, homebuyers with few credit problems qualifying to purchase a home they can afford should still have little trouble securing favorable financing terms.

What’s more, a market climate like this especially favors buyers who don’t need to sell an existing property before their purchase, buyers like first-timers and those looking for a second home. This tilts the scale even more towards many buyers.
But regardless of the situation, for every buyer, the key is to work with a real estate professional that knows the local market and specializes in buyer representation – like an agent who has earned the Accredited Buyer’s Representative (ABR®) designation.

Diane McLafferty is one the members of the Real Estate Buyer’s Agent Council (REBAC) of the NATIONAL ASSOCIATION OF REALTORS®, who have attained the Accredited Buyer Representative (ABR®) designation. As the world's largest association of real estate professionals focusing specifically on representing the real estate buyer, REBAC is "The Voice for Buyer Representation,"

To receive a free copy of the REBAC-published Homebuyer’s Toolkit, visit www.REBAC.net or call 800-648-6224.

Ithaca Housing Fair Saturday Feb.28th

Fantastic opportunity tomorrow for first time home buyers to learn everything you need to know from: buying a home, lender information, available grants, assessment information, energy information, home inspections, legal issues and what inspectors and Realtors do!

Coffee, refreshments and pizza! Everything is free!!!!! With an $8,000 Federal Tax Credit, it has never been a better time to BUY A HOME!

Check out the website http://www.ithacahousingfair.com


Location: Ithaca High School tomorrow!
Time: 10:00 am - 2:00 pm.
Date: Saturday, February 28th, 2009

What other costs beside the mortgage principal & interest will I need to consider when purchasing a home?

There are many other costs that you should take into consideration when purchasing a home. You should consider the current monthy utility expenses and factor in the yearly town & county taxes as well as the home owners insurance on a montly basis.

There are many other closing costs that you should be aware of also. To continue ...

$138,000 in Ovid, NY

1.2 Acres in Trumansburg, NY

25 Acres in Trumansburg, NY Available

Simple Tips for Staging Your Home

Trumansburg, NY Schools, Price Reduced

Ithaca, NY - South Hill Trichloroethene (TCE) site

South Hill Ithaca Pollution (SHIP) Toxic Chemical Database as compiled by Timothy Weber, a computer programmer and resident.

http://ship.no-ip.org/

Applying for a Loan?

When you apply for a loan, your lender will look at several things:* Down payment amount* How long you have been employed in your current position* Whether you have the funds on deposit for your down payment and closing costs* Your income-to-debt ratio and your credit report
Lenders nowadays place much emphasis on the credit report. Credit bureaus compile a record of debts from credit card companies, banks, department stores, and other firms. This information appears on your credit report, so it shows whether you pay your bills on time. Lenders develop credit ratings based on how well you manage this function. The higher your credit score, the more flexible lenders will be in loan approval and specific requirements.
When you meet with lenders, ask how they decide if you are a good credit risk. It is likely to be from a credit report. Lenders can order the credit report for you and discuss your score. If your credit is less than sterling, they can usually offer suggestions on how to strengthen your credit position.
Please feel free to call or email me if you have any questions or would like additional information on financing.

Diane McLaffertyAssociate Broker -GRI, eProWarren
Real Estate(607) 330-5243
diane@warrenhomes.com
www.soldonithaca.com

Trumansburg, NY Schools, Price Reduced

Make an Offer ... Estate Sale. Pride of ownership shows in this furnished single-wide with 2 bedrooms & 1 bath in the Village of Trumansburg, NY for only $7500.00.

Newer Refrigerator, Furnace/AC & Peaked Roof (05). Lot Rent is only $344.17/month.

View Virtual Tour at
http://www.realestateshows.com/330330

Make an Offer!

Trumansburg Schools, more affordable than renting or use as an income property.

Private & Charming 3 Bedroom Home

Orignally a school house ...

http://www.realestateshows.com/flyer.php?id=309411

Ithaca, NY - South Hill Trichloroethene (TCE) site

South Hill Ithaca Pollution (SHIP) Toxic Chemical Database as compiled by Timothy Weber, a computer programmer and resident.

http://ship.no-ip.org/

NAR COMMENDS FEDERAL RESERVE BOARD ON TIMELY INTEREST RATE CUT

NAR's Chief Economist Lawrence Yun says the 75-basis-point cut in the Fed funds rate to 3.50% is a very good step in the right direction to boost the economy and send a clear message to both the market and to consumers. (Source: NAR) More Information . . .

Governor Spitzer outlines 2008 plans in annual State of the State address

Last week Gov. Eliot Spitzer delivered his second State of the State address to the state Legislature and the people of New York. In his speech the governor outlined ambitious goals for 2008, which include expanding healthcare for children, investing further in SUNY and a $1 billion upstate economic revitalization plan. Spitzer’s real estate-related priorities include property tax reform, affordable housing and stabilizing the subprime mortgage climate. Learn more.

Perfect Affordable Property for Horse Lovers

Why board when you can own this 3 bedroom, 2 bath ranch situated on 5.98 ac in a private country setting, set well back from road and is in move-in condition. This home has front & rear decks, sliding glass doors, a laundry area, computer nook and a fenced yard (front & back).

One of the many improvements to this property since Feb. is a 4 stall horse barn w/ matted 10X12 stalls, a tack rm, hay area and water & electric. Riding area (approx. 80x 120) with footing added has adjoining trails. 2+ ac pasture.