The Sharron Kelley Team » Buffalo Grove, Long Grove, Kildeer, Hawthorn Woods and Vernon Hills Homes-Real Estate

Update on Tax Credit for Buyers and Sellers

Sharron — Fri, 06 Nov 2009 02:37:14 +0000

This is the latest update regarding the regulations for the Tax Credit

TAX CREDIT UPDATE: The U.S. Senate and House have passed the bill that includes an extension and expansion of the home buyer tax credit. It now moves to President Obama for signature, which could happen as early as tomorrow.

Home Buyer Tax Credit Changes [PDF]

Frequently Asked Questions

Tax Credit Extension for Buyers and Sellers

Sharron — Tue, 03 Nov 2009 14:47:06 +0000

A Senate committee reached a compromise yesterday to extend the $8,000 tax
credit for first-time home buyers, a boost the housing industry expects will
help it pull out of its two-year-old downturn.

Lawmakers in Washington also added a $6,500 tax credit for other
primary-home purchasers and raised the qualifying income limits to $125,000
for single taxpayers and $225,000 for joint taxpayers, housing-industry
sources said.

Under the Senate panel compromise, buyers must have sales agreements in hand
by April 30, but they will have until June 30 to go to settlement, the
sources said. The measure still faces votes in the full Senate and the
House.

Realtor.Com Can Posts Our Listings on Facebook

Sharron — Thu, 15 Oct 2009 01:50:42 +0000

Realtor.com has a new link that can post our listings in about 30 seconds on Facebook. You can see all of our pictures, details of the homes and this program makes it easy for anyone. I just listed two great homes in Buffalo Grove and they should be up on the site by Friday.

Year To Date Area Real Estate Report

Sharron — Thu, 24 Sep 2009 23:31:13 +0000

Every month we get the Chicago Northwest report on the currently inventory of homes and sales that have taken place from our board. This is also a comparison of homes sales between 2008 and 2009. It is a great way to keep up with what is going on in the market.
Click on these links to open up the pdf files of
Attached Homes and Detached Homes properties.

Tax Credit for First Time Buyers Almost Over!

Sharron — Fri, 18 Sep 2009 04:28:58 +0000

Tax Credit for New Home Buyers

Don’t let the U.S. Government Keep Your $8,000
Earlier this year, the government offered an unprecedented $8,000 to prospective home buyers just like you to help them get into a home.
And on November 30th, they’re taking it off the table.

It’s up to $8,000 that you can use for a downpayment or closing costs on your next home purchase:
No Repayments if you live there for 36 months
No Interest, because it’s not a loan
No Strings Attached, you can even get the money up front
They couldn’t have made it any easier for you to get the money. The only problem is that in less than 80 days it goes away forever.
What’s worse is that if you don’t act soon, you could lose out all together.