Home Buyer Tax Credit – Real Estate Information

January 29th, 2010

As the deadline for the First-Time Homebuyer Tax Credit approached, it became a clear priority on the Hill. An extended and expanded home buyer tax credit is a part of a larger bill that also extends unemployment benefits. Now the Tax Credit is extended to April 30th 2010.  

The Details are in the table below. Contact David Mueller and Associates for further Real Estate Information at 734-677-6699

 

 

This table notes important changes handful of important changes:

  Previous Provisions

 

 New Provisions
Effective Date January 1, 2009 November 7, 2009
Deadline Close before December 1, 2009
  • Contract signed before May 1, 2010, must close before July 1, 2010
  • Members of the uniformed services, foreign services, and intelligence employees who served an extended service of 90 days will have until April 30, 2011 and June 30, 2011.
Amount
  • First-Timers: maximum of $8,000 or 10% of sales price
  • Prior Owners: $0
  • First-Timers: Unchanged
  • Prior Owners: $6,500 if lived in prior home for at least 5 consecutive years of past 8 years
Income Limit
  • Individual: $75,000
  • Couple: $150,000
  • Individual: $125,000
  • Couple: $225,000
Other Restrictions Home must be primary residence for at least 3 years. If home is sold or buyer moves before 3 years, must re-pay full $8,000.
  • Buyer must be at least 18 years old and not classified as a dependent for tax purposes
  • Home must cost less than $800,000
  • Home must be primary residence for at least 3 years. If home is sold or buyer moves, before 3 years, must re-pay full amount of credit. Exception for military, foreign services, or intelligence with extended 90 days service overseas.
How to claim If purchased in 2009, by amending 2009 tax return or claiming on 2010 tax return If purchased in 2010, by amending 2010 tax return or claiming on 2011 tax return

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New Ann Arbor Area Home Search Feature

January 22nd, 2010
Click to Search for Your Dream Home

Click to Search for Your Dream Home

Click the Map Picture above to seaarch for your ideal home in the Ann Arbor Area. Our dedicated team of Buyer Agents is always available to assist in your search. This search allows you to use the latest search tools to find your home and communicate with the David Mueller and Associates Ann Arbor Realtors Team.

Call Us: 734-677-6699

David Mueller and Associates

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Important Real Estate Information – $8,000 Credit Extended

January 22nd, 2010

Just In!! New Real Estate Information on the $8000 Tax Credit.

The Stimulus Package Tax Credit is being extended and expanded.  Now, more people can take advantage of this great opportunity and buy a new home.

Here is why now is the right time for you:
- Up to $8,000 tax credit for first-time home buyers

- Up to $6,500 tax credit for repeat home buyers

- Low interest rates, I can help you find mortgage representative you are comfortable working with

- Large inventory of houses on the market

- Ann Arbor Real Estate prices are very low, along with surrounding areas

- You only have until April 30th to get an accepted purchase agreement

And, as a Keller Williams Ann Arbor Realtor, I can comfortably guide you through this process.

Call me today to find your dream home today. David Mueller and Associates 734-677-6699.


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Michigan Real Estate Talk – Ann Arbor Michigan

October 15th, 2009

Welcome to Michigan Real Estate Talk. I am here to answer your questions and provide current Real Estate Information to assist in your real estate needs.

As a life-long Washtenaw County resident, I specialize in the Ann Arbor, Ypsilanti, Saline, Dexter and Chelsea areas. I have sold over 1,500 homes, with $260 million in career sales. I believe in the “golden rule” when it comes to service for buyers and sellers. Using the latest technology to service seller and buyers, I offer an unparalleled targeted marketing program for Washtenaw County. Available 24 hours to service your real estate needs, my mission has always been “clients for life”.

My team of buyer specialists can help you find your dream Ann Arbor area home. They will take their time to get to know YOU and what YOUR wants and needs are. They will represent you exclusively and get you the best possible price…with the best possible terms…and be there side by side with you helping you through the maze we call the home buying process.

Thanks for visiting,

David Mueller, GRI

Ann Arbor Realtors

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How to find information on being a real estate agent?

February 1st, 2010

I need a internet site that tells me information. I want to know about how much they make, what all they do with there career, what it takes to be a real estate agent.
It would be great if you could find a website for me.

to understand the field try to join forums and discussion, there are lots of users can help you with question…..or try visiting real estate site like this http://realestate.ozfreeonline.com/.

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Please explain homestead rights for michigan.I own a home & must sell, can my husbnd stop the sale by not sign

February 1st, 2010

I have listed my home 4 sale..I purchased it with my own money from the sale of my condo just before I got married. We can no longer afford the payment and are currently behind in the pymt. Does my husband have to sign the closing papers for the sale of the home? what are my legal rights to make him sign if he does not want to?

If your name alone is on the title, you can do whatever you want with your property.

Posted in Michigan Homes for Sale | 6 Comments »

i am from ann arbor michigan, home of the U OF M , WHERE ARE YOU FROM?

February 1st, 2010


i live pretty close to you (about 20-30 min.) I live in Waterford, MI. (Wateford is north of W. Bloomfield & west of Pontiac.)

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Homebuyer Tax Credit Video – This Month in Real Estate

January 29th, 2010

The Home Buyer Tax Credit has been extended and expanded. Watch the following video for more Real Estate Information on the detalis.

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Ann Arbor Area School Information

January 22nd, 2010

Many people like to check out the area schools before starting to search for a new home. This link will provide you with a starting point as you gather your Real Estate Information:

Ann Arbor Area Schools on National Center for Education Statistics

You can change the City and Zip Code for other areas. If you would like some assistance call us.

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what is the most reliable website that i can visit to give me correct information about real estate trend?

January 17th, 2010

i want to know if i have a right decision last july2006 when i bought a new town house as a source of investment . i bought it for 425k last july 06 .. in general ,,do you think we still have hope in real estate as a venue of investment depending on their equity,, i am willing 2 wait , i mean , im not planning to sell it yet in another 2 years. w/c website can i go 2 give me correct info on real estate trend for this year.. thank you… marilou

This web site tell how many believe the bubble was made. Bet you did not hear that when you told the Realtor that this was a investment.

http://www.breakingbubble.com/index.htm

from there decided if you are screwed or not. Also

If the house was sold as a investment you might be able to sue the Realtor for any loss there are a lot of law suite already getting filed due to misleading information, and homes being sold as a investment.

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