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Central Florida Real Estate market
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Bellalago, Kissimmee - Announcing a price reduction on 2021 IMPERIAL EAGLE PL, a 3,591 sq. ft., 3 bath, 4 bdrm single story. Now 
MLS® $350,000 USD - Not A Short Sale!.
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Whitney Isles At Belmere, Windermere - Announcing a price reduction on WHITNEY ISLES DR, a 3,292 sq. ft., 3 bath, 5 bdrm single story. Now 
MLS® $429,000 USD - .
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Home buyers can now take advantage of the federal goverment First Time Home Buyers Tax Credit Program. The government has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers.
The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify. For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.
The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.
Who is eligible to claim the $8,000 tax credit?
First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and on or before April 30, 2010. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner. A limited exception exists for certain contract for deed purchases and installment sale purchases. See the IRS website for more detail.
Who is eligible to claim the $6,500 tax credit?
Qualified move-up or repeat home buyers purchasing any kind of home are eligible to claim this credit.
What is the definition of a move-up or repeat home buyer?
The law defines a tax credit qualified move-up home buyer (“long-time resident”) as a home owner who has owned and resided in a home for at least five consecutive years of the eight years prior to the purchase date. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse. Repeat home buyers do not have to purchase a home that is more expensive than their previous home to qualify for the tax credit.
Consult with your financial advisor or realtor for more information about the federal first time home buyer tax credit act. See web page: http://www.flcentralrealestate.com/First_Time_Home_Buyers/page_1950855.html
Filed under: Finances, first time buyers, Disney World, Florida Homes for sale, tax credit, winter garden, 000 tax credit, central florida homes, home buyers, windermere, celebration, kissimmee, affordable home, homes for sale, 8, davenport
Windermere, Orlando - Announcing a price reduction on 5432 TILDENS GROVE BLVD, a 3,986 sq. ft., 4 bath, 4 bdrm single story. Now 
MLS® $679,900 USD - Drastic Price Reduction!.
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Filed under: Real Estate, Market Conditions, For Sale, Point2, Finances, Buyer Information, Community Information, poinciana, central florida real estate, first time buyers, buyers, Disney World, buyers agent, REUNION
(ARA) - The proposition of selling a home is getting better with each passing day according to a recently released report from the National Association of Realtors. If you need to sell your home, a few smart strategies can help you increase your profits.
A number of real estate pundits are pointing to the recent decline in home inventory and the fact that interest rates have increased on the 30-year fixed mortgage as a positive endorsement of a healthier housing market.
Joanne Sebby, a licensed real estate broker in Chicago, and operator of a local Two Men and a Truck moving franchise, believes she’s benefitting from what could be the start of a real estate "bloom," if not a full "boom."
"Bargain hunters are beginning to make moves on homes that are still way undervalued’’ Sebby says. "The key for sellers is to get creative in marketing your home’s offerings so you can become one of those homes that get a look, and hopefully sell your house in a reasonable amount of time."
While the real estate outlook is the best it’s been in recent memory, home loans are still more difficult to come by and home values are down an average of 20 percent, according to the NAR. It’s likely that if you are selling your house today, you’ll likely do so at the cost of higher profits that you may have realized in healthier markets.
Regardless, Sebby suggests there are a number of creative ways home sellers can mitigate their losses on the sale.
"Most home sales involve some service-oriented companies such as moving companies, carpet cleaners, painters or other services," she says.
Sebby suggests sellers need to think of their bottom line when selecting service companies in order to maximize profits on their home, and consider pitching in to keep costs down.
"Determine what budget you have to work with and be up front with the people providing you with estimates," Sebby says. "I’ll often counsel people who call our moving company to maybe box and label everything themselves, or have all the boxes collected in the room closest to the front door. If there’s a number we have to work with, we’ll make suggestions on how to make it work to suit their needs."
Sebby suggests using the same tactics with home inspectors, painters or other service personnel.
"Do a little research and find what portion of the work you can comfortably do yourself. If you’re saving money along the way it’s going to impact your profit on the house. A little bit here and there can really add up."
Brig Sorber, president and chief executive officer of Two Men and a Truck -- the nation’s largest franchised moving company -- believes the current housing market provides more opportunity than risk.
"As a business owner, you look at your operations a little closer and ideally come away with a clearer understanding of what your company needs to do to stay competitive," Sorber says. "The same principle applies to homeowners looking to sell. In an optimal market, a buyer may just scan the Internet, find a local mover and sign on the dotted line. Today’s customer is more aware; they’ve done competitive research on what to expect from a legitimate moving company, and that benefits those of us who value long-term relationships with our customers."
Chances are, even sellers with the best intentions won’t realize the full value of their home in today’s market. However, as Sebby suggests, there’s no harm in optimizing your profits with a little extra effort and a do-it-yourself approach.
Courtesy of ARAcontent
Attachment(s): TWO MEN.jpg
Signature Lakes, Winter Garden - Announcing a price reduction on 14616 AVENUE OF THE RUSHES AVENUE, a 4,340 sq. ft., 5 bath, 4 bdrm single story. Now MLS® $1,300,000 USD - SHORT SALE.
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Davenport, Polk County - Announcing a price reduction on 1344 GRAND RESERVE DR, a 2,583 sq. ft., 3 bath, 4 bdrm single story. Now MLS® $227,900 USD - Gated Community.
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Filed under: Real Estate, Market Conditions, For Sale, Point2, Buyer Information, Community Information, central florida real estate, first time buyers, buyers, Florida Homes for sale, buyers agent
Reunion, Kissimmee - Announcing a price reduction on 1427 FAIRVIEW CIR, a 2,716 sq. ft., 4 bath, 4 bdrm single story. Now MLS® $304,900 USD - Bank owned.
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Filed under: Real Estate, Market Conditions, For Sale, Product Reviews, Finances, Buyer Information, Seller Information, central florida real estate, first time buyers, buyers, Florida Homes for sale, buyers agent, REUNION
Reunion, Kissimmee - Announcing a price reduction on 1409 FAIRVIEW CIR, a 2,296 sq. ft., 3 bath, 4 bdrm single story. Now MLS® $229,900 USD - .
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Filed under: Real Estate, Market Conditions, For Sale, Announcements, Finances, Buyer Information, Community Information, central florida real estate, first time buyers, buyers, buyers agent
Lake Berkley Resort, Kissimmee - Announcing a price reduction on 1003 LAKE BERKLEY DR, a 2,914 sq. ft., 4 bath, 7 bdrm single story. Now MLS® $209,900 USD - .
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Kissimmee, Osceola County - Announcing a price reduction on 494 MUIRFIELD, a 4,964 sq. ft., 4 bath, 4 bdrm single story. Now MLS® $670,000 USD - .
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Filed under: Real Estate, Market Conditions, For Sale, Announcements, Finances, Buyer Information, Community Information, poinciana, central florida real estate, first time buyers, buyers, Disney World, Florida Homes for sale, buyers agent
Windermere, Orlando - Announcing a price reduction on 9878 NOKAY DR, a 3,576 sq. ft., 4 bath, 5 bdrm single story. Now MLS® $599,000 USD - REDUCED FOR QUICK SALE!.
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Dr. Phillips, Orlando - Announcing a price reduction on 8802 PHILLIPS BAY DR, a 2,844 sq. ft., 3 bath, 4 bdrm single story. Now MLS® $399,000 USD - .
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Filed under: Real Estate, For Sale, Events, Finances, Buyer Information, Seller Information, Community Information, central florida real estate, first time buyers, buyers, Disney World, Florida Homes for sale, buyers agent
Wyndham Palms, Kissimmee - Announcing a price reduction on 8069 KING PALM CIR, a 2,434 sq. ft., 3 bath, 5 bdrm single story. Now MLS® $339,950 USD - .
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