Michigan Real Estate Talk » Real Estate Information

Home Buyer Tax Credit – Real Estate Information

David Mueller — Fri, 29 Jan 2010 17:59:59 +0000

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

Important Real Estate Information – $8,000 Credit Extended

David Mueller — Fri, 22 Jan 2010 16:42:59 +0000

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.

Technorati Tags: ann arbor real estate, Real Estate Information, Tax Credit

Michigan Real Estate Talk – Ann Arbor Michigan

David Mueller — Thu, 15 Oct 2009 18:12:59 +0000

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

Technorati Tags: Ann Arbor Realtor

How to find information on being a real estate agent?

David Mueller — Mon, 01 Feb 2010 07:09:18 +0000

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/.

Homebuyer Tax Credit Video – This Month in Real Estate

David Mueller — Fri, 29 Jan 2010 17:41:59 +0000

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

Ann Arbor Area School Information

David Mueller — Fri, 22 Jan 2010 16:44:59 +0000

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.

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

David Mueller — Mon, 18 Jan 2010 00:54:19 +0000

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.

Subject 2 real estate investment information?

David Mueller — Wed, 06 Jan 2010 17:41:22 +0000

Can anyone with experience in Subject 2 residential real estate investin please give me more information on it or some good links for some info. I have to move and this may be my best option, but I want to make sure because if it sounds to good to be true, it probably is. Well, if you can help, that would be great!

Don’t buy that way. Don’t sell that way. The ONLY person that makes out on that sale is the real estate salesperson. If you don’t have enough equity to sell on a new loan, rent to someone with good credit until you do.

where can I get some more information about real estate biusness in USA?

David Mueller — Sun, 27 Dec 2009 07:34:26 +0000

what criteria do you need to have to open a real estate office in USA?

First of all you will need a license to operate as a Realtor, then in order to open an office you will need experience ( where I live in Florida it’s a year but you’ll need to check each individual states criteria ).

the best bet is to go see a couple of Realtors in your area and ask them the names of some decent Realtor schools in the area.

Good luck with it.

Real estate investment information?

David Mueller — Thu, 17 Dec 2009 19:43:30 +0000

I’m 20 years old and I’m looking for sources of information for buying real estate properties and renting them out. I’ve read many books and purchased many programs on the subject, but am looking for the complete deal. With subjects such as insurance, property management companies, loans, etc… I need a really technical resource with not a lot of fluff. The real meat and potatoes of the business. Thanks for the help.
Where do you find a mentor?

You do not need a single resource. You need a team of resources. A good mortgage broker will be able to tell you what you need to know and what you will need in terms of money to buy your homes. A good Realtor will be able to help you to understand what to look for and expect from a rental home. Your Realtor may double as your Property Manager or you may want to use another company or even go it alone. If you choose the last option you will need good repairmen that you can trust. You will need an insurance agent who has good rates and customer service. You will need to learn the landlord and tenant laws of your area. Rentals can be a very profitable business if managed correctly, and if you have been doing all the research you say you have then you are well on your way to understanding that.

I can give you some basic info here about the Realtor side, and if you have any specific questions or need clarification on anything you can feel free to email me. But the basics are that you will need to put some money down, so start saving now. Probably about 20%. Also you need to understand the difference between looking for a home to live in and a home to rent out. You are looking for two completely different types of home. For a rental you are not looking for the "just remodeled, granite countertop & stainless appliances" homes. You need a sound structure that will be as low maintenance as you can find. Ugly is o.k. Research the market you want to rent in. What are homes selling for in that market? How much are they renting for? What are the property taxes? All of that will factor into how much profit you will make. You should also have a budget for vacancies and repairs. Plan for the worst and hope for the best.

Hope it helps,

Josh