Tag Archives: 1st time home buyers » Central New Jersey Real Estate and Community News

Expiration of the 2010 Home Buyers Tax Credit unlikely to put off Americans looking to buy a home!

By John Bendall | Published: April 30, 2010

The expiration of the 2010 Home Buyer Tax Credits on April 30 is unlikely to put off Americans looking to purchase homes who believe now is a good time to buy and are confident that home prices will rise according to a survey released by Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. company. The survey of 1,000 Americans between the ages of 25-64 with at least $35,000 household income was conducted during April 15-20, 2010.

Both Houses OK Tax Credit Extension

By John Bendall | Published: November 5, 2009

The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they’ve lived in their home for five of the past eight years. Home prices are capped at $800,000.

Posted in Central New Jersey Real Estate, homeowner help, New Jersey home owner help | Also tagged $6500 tax credit, buying in New Jersey, move up buyers, tax credit extention | Comments closed

Tax credit extention moves closer to reality

By John Bendall | Published: November 3, 2009

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

Posted in Central New Jersey Real Estate, New Jersey home owner help, RE/Max Classic Group | Also tagged $8000 homeowner tax credit, buying a home, Central New Jersey Real Estate | Comments closed

Top 5 Steps Toward Improving Your Credit Score

By John Bendall | Published: October 15, 2009

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.

Posted in Central New Jersey Real Estate, New Jersey home owner help, RE/Max Classic Group | Also tagged credit reports, fixing credit, interest rates | Comments closed

The Clock is ticking for New Jersey Taxpayers

By John Bendall | Published: August 10, 2009

The Clock is Ticking – Taxpayers Need to Act Fast to Take Advantage of Temporary Tax Breaks If the first half of 2009 is any indication, taxpayers have their work cut out trying to keep up with available tax breaks and potential tax pitfalls of 2009, according to CCH, a Wolters Kluwer business and a … Continue reading The Clock is ticking for New Jersey Taxpayers

Posted in New Jersey home owner help | Also tagged $8000 homeowner tax credit, new jersey 1st time home buyers, new jersey taxpayers | Comments closed

It’s finally official: 1st time home buyer tax credit of $8,000 can be used towards purchase costs!!!

By John Bendall | Published: May 29, 2009

DONOVAN ANNOUNCES RECOVERY ACT’S HOMEBUYER TAX CREDIT CAN IMMEDIATELY HELP THOUSANDS OF FIRST-TIME HOMEBUYERS TO BUY A HOME FHA plan will stimulate new home sales and help stabilize housing market WASHINGTON – Speaking to the National Association of Home Builders Spring Board of Directors Meeting, U.S. Housing and Urban Development Secretary Shaun Donovan today announced … Continue reading It’s finally official: 1st time home buyer tax credit of $8,000 can be used towards purchase costs!!!

Posted in real estate market | Also tagged closing costs, FHA, home buyer, RE/Max Classic Group, tax credit | Comments closed

$8000 1st time Homebuyer Tax Credit Cannot be used for Downpayment as of 5/14/2009

By John Bendall | Published: May 19, 2009

The secretary of HUD made an announcement Monday and a HUD/FHA letter was published on the website Monday night stating the the $8000 could be used for upfront down payment (although the mortgage letter was vague at best and has been removed from the site). BUT……..the new director of HUD pulled that Mortgagee letter Thursday … Continue reading $8000 1st time Homebuyer Tax Credit Cannot be used for Downpayment as of 5/14/2009

Posted in real estate market | Also tagged Add new tag, HUD, HUD Guidelines, John Bendall, mortgages, RE/Max Classic Group, tax credit | Comments closed

Distressed Properties and 1st time Home Buyers- The answer to Real Estate Recovery

By John Bendall | Published: May 19, 2009

[1]RISMEDIA, May 19, 2009-(MCT)-Value-conscious, first-time buyers have become key to the housing market’s recovery, and they are snapping up priced-right foreclosures despite the warts-and-all, sold-as-is condition of the properties. Half of the sales made in the year’s first quarter were to first-time buyers and almost half of all these sales were distressed properties, the National … Continue reading Distressed Properties and 1st time Home Buyers- The answer to Real Estate Recovery

Posted in real estate market | Also tagged distressed properties, foreclosures, home sales, interest rates, John Bendall, RE/Max Classic Group | Comments closed