More than just real estate

Claiming the Homebuyer Tax Credit on Your 2009 Returns

So, you took advantage of the $8,000 first-time homebuyer tax credit, or the $6,500 repeat-buyer tax credit, and you’re sitting pretty in your new dream home. You can’t wait to claim your credit on your 2009 taxes, but you’re not exactly sure what documentation you’ll need to do so. What do you do now?

The Internal Revenue Service has posted on its web site the revised Form 5405 that you’ll need to file when preparing your 2009 taxes. The new guide describes exactly who qualifies for the credit, what documentation you’ll need to submit when filing and how to go about filing for your 2009 taxes.

Read on to learn exactly what you’ll need to claim the homebuyers tax credit on your 2009 returns. (more…)

Saying “I Do” to a New Home: Home Buying Advice for Newlyweds

As brides and grooms-to-be make important decisions about the wedding day, they should also be planning their new living arrangement as husband and wife. Closing the deal on a first home marks the beginning of independent living, in the same way that a wedding is the start of a marriage.

Read on for valuable tips on how you can make “happily ever after” even happier by finding the home of your dreams.
“Couples starting their new life together often want to begin fresh in a new home,” said Fran Broude, president and COO of Coldwell Banker Residential Brokerage. “Now is a great opportunity for couples to negotiate and secure a home that will last them well into their future.”

The future Mr. and Mrs. Homeowner should keep these recommendations in mind when looking for their “happily ever after” dream home: (more…)

Tips to Get Your Document Ducks in a Row

Buying a home can feel daunting, and it’s no surprise considering the amount of paperwork that goes into searching for a property and securing a loan. And if you’re trying to close on your home before the April 30th tax credit deadline, you might be just a little overwhelmed with so much happening so fast (especially during tax season!).

Read on for ways to keep your sanity when it comes to tackling the necessary home-buying paperwork: (more…)

Those Who Wait Will Pay Thousands More This Spring

Waiting a few extra days or weeks to purchase a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).

Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board’s mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.

Here are a few reasons why: (more…)

Happy Groundhog Day!

It’s Groundhog Day, the annual holiday where we anxiously await Punxsutawney Phil to emerge from his burrow to predict what the weather will hold in store for us for the next six weeks. Did he see his shadow and scurry back inside? Six more weeks of winter. Was his shadow nowhere to be found? An early spring for us! From the outside, it may seem like an awfully strange holiday to celebrate, to say the least, but you can be sure it was the talk of the water cooler this morning, as it is every February 2nd.

And if, around that water cooler, you want to share more than the “shadow report” (ol’ Phil was reported to have seen his shadow this year, by the way…), here are a few fun facts about Groundhog Day you may not have known about: (more…)

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