RE/Max Classic Group

Thoughts about the market, information about the real estate market and what’s happening at the company from John Bendall owner of RE/MAX Classic Group

RE/MAX Classic names Scarpa manager of their Basking Ridge office

SCARPA NAMED AS NEW MANAGER AT RE/MAX CLASSIC BASKING RIDGE     (January 28, 2010) – John Bendall, broker/owner of RE/MAX Classic Group Realtors, announces that Anthony Scarpa has been named Manager of the RE/MAX Classic office in Basking Ridge, NJ. “We are thrilled to welcome Tony to our RE/MAX Classic team and to have … Continue reading RE/MAX Classic names Scarpa manager of their Basking Ridge office

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Lower Your 2009 Tax Debt

In addition to the $8,000 tax break for first-time home buyers and the newly expanded tax credit that includes move-up buyers, new tax-relief bills passed in 2008 provide for a number of other tax breaks that may lower your 2009 tax debt. Plan now and review these breaks with your accountant to see if they could help reduce your tax liability in 2009 and beyond:

• Payroll Tax Credit. For 2009 and 2010, Congress gave workers a 6.2% credit on earned income, applied as lower income tax withholding (there are caps based on income). Recipients of Social Security, Railroad Retirement benefits or Supplemental Security Income, some federal workers, and veterans with disability pensions will get a one-time $250 check. Self-employed workers may be able to reduce quarterly estimated payments to get advance benefits.
• Larger Personal Exemptions. For 2009, each personal exemption you can claim is worth $3,650—up by $150 over 2008.
• Higher Standard Deductions. The standard deduction for married couples filing jointly rises to $11,400 up by $500 from 2008. For singles, the amount increases to $5,700—up by $250 over last year, and heads of households can claim $8,350, a jump of $350.

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Some of the Most Frequently asked Questions on the Changes to the Homebuyer Tax Credit

I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a new home. I have lived in my current home for more than 5 consecutive years and am within the new income limits. I will go to settlement on November 20. If President Obama has signed the bill by the time I go to settlement, will I qualify for the new $6500 tax credit?

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RE/MAX Classic Group of Berkeley Heights Participates in United Way Day of Caring

The RE/MAX Classic Group of Berkeley Heights Participates in United Way Day of Caring Held on Friday, October 23rd The local United Way office serving Summit/New Providence and Berkeley Heights put out a call for volunteers and The RE/MAX Classic Group of Berkeley Heights answered. In a joint effort, Barbara Mulcahy, Mary Ann Walsh, Maria … Continue reading RE/MAX Classic Group of Berkeley Heights Participates in United Way Day of Caring

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Tax credit extention moves closer to reality

An $8,000 federal tax credit for first-time homebuyers that is set to expire at the end of the month inched another step closer to getting extended until April. The Senate voted 85-2 yesterday to move the bill to a final vote, and senior members of Congress said that they expected the bill to pass next … Continue reading Tax credit extention moves closer to reality

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Home sales contracts rise for 8th straight month

The number of signed sales contracts to buy homes rose in September for the eighth straight month, according to a real estate industry report released Monday.

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Latest on extending the 1st time home buyer’s credit…and more

Treasury Secretary Tim Geithner and HUD Secretary Shaun Donovan called on Congress to approve three important measures to improve housing and the housing market for Americans: extension of the First Time Homebuyers Tax Credit for a limited period, extension of higher loan limits for home mortgages, and secure funding for the Housing Trust Fund.

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Existing-home sales bounced back strongly in September

Existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of Realtors®. Existing-home sales–including single-family, townhomes, condominiums and co-ops–jumped 9.4% to a seasonally adjusted annual rate of 5.57 million units in September from a level of 5.10 million in August, and are 9.2% higher than the 5.10 million-unit pace in September 2008. Sales activity is at the highest level in over two years, since it hit 5.73 million in July 2007.

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Top 5 Steps Toward Improving Your Credit Score

Home prices and interest rates are down, and your desire to buy a home is high. But many of my clients worry that their credit score just isn’t good enough for lenders to see them as a worthy credit risk, especially in light of today’s tougher credit and lending standards.

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RE/MAX and RISMedia & the Top 5 in Real Estate Network®’s 2009 Leadership Conference Drive Industry Toward Market Recovery

FOR IMMEDIATE RELEASE RE/MAX and RISMedia & the Top 5 in Real Estate Network®’s 2009 Leadership Conference Drive Industry Toward Market Recovery More than 1,000 real estate professionals attend company’s most powerful—and inspiring—event yet September 15, 2009—RE/MAX was proud to have John Bendall speak during RISMedia & the Top 5 in Real Estate Network®’s 2009 … Continue reading RE/MAX and RISMedia & the Top 5 in Real Estate Network®’s 2009 Leadership Conference Drive Industry Toward Market Recovery

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