Archive for April, 2010

Meeting the Deadline for the Homebuyer Tax Credit

April 30th, 2010

April 30, 2010-time’s up but we’re not done yet.

With no extension of the homebuyer tax credits in sight, today will be the last frenzied day of deal making for home buyers and sellers intent on taking advantage of this bonanza.  The next deadline is June 30thThere is still one qualification to be met and that is that all of these purchases must close no later than June 30th in order to meet the final IRS test for deduction on tax returns and they require a copy of your HUD 1 Settlement Statement to prove that the transaction was consummated on time. Read the rest of this entry »

Taking Lessons From Farmers

April 23rd, 2010

It’s 6:30AM.  I woke up this morning at 4:14AM, my circadian rhythm interrupted by this constant humming noise that comes every spring.    My neighbors are out in full force, fertilizing, plowing and seeding their fields.  Read the rest of this entry »

Financing Your Home Improvements

April 9th, 2010

It’s that time of year when we pull out the extension ladder, take down the Christmas lights, and if you’re anything like me,  create an ambitious  to-do list of warm weather projects.  Last weekend, I pulled out the belt sander and wore a hole through my knee sanding down all of the cedar boards on our one and a half year old deck.  The winter ice storms were unkind to my solid stain to say the least and I was apparently not thinking clearly when I decided that cedar was the ‘Greener’ choice.  Having completed a tear down and rebuild just a year and a half ago, my husband finds it difficult to comprehend how I can find so many additional projects to do and pulls out the Advil in anticipation of my next suggestion.  After completing 17 whole house renovation projects with me, he’s ready to retire his tool belt. Read the rest of this entry »

Extension of Homebuyer Tax Credit for Eligible Veterans

April 7th, 2010

I’m sure you’re well aware that less than 30 days from now the Home Buyer Tax Credit program will come to an end for most of us BUT eligible Veterans will have an extra year. With 3 sons and a former son-in-law in the military, it seems like we’ve had one or two kids in the Middle East for the past decade. Our former son-in-law just returned from Kuwait last week and my son Michael, isn’t due home until August. It’s nice that they are giving these young men and women an extra year to take advantage of the $8000 first time homebuyer tax credit and the $6500 tax credit for non first time buyers. The only additional qualifier is that they have to have been on active duty outside the US for at least a 90 day period between January 1, 2009 and May 1, 2010. Otherwise the same rules apply. These incredible people deserve all of the help they can get after the disruption their service overseas has brought to their everyday lives. Read the rest of this entry »