Saint Clair Homes

You may have noticed some different signs popping up recently, which may have been a bit confusing. Due to the fact that GMAC is no longer in the mortgage business: Sine GMAC is now Sine & Monaghan Real Living. As always, you can continue to expect the same professional, honest and quality service when you choose me as your realtor.
I look forward to a new year and the opportunity to work with you!
Suzi Kutsche
Sine & Monaghan Realtors
Direct:(810)326-1170
Cell:(586)943-4524
Fax: (810)326-1164
skutsche@gomihomes.com

It appears that the IRS has spelled out some more in-depth guidelines for the first-time homebuyer tax credit. Before you become skeptical, click on the following link to read more, you may be pleasantly surprised.

www.realtor.org

Those of you who have been waiting for a deal –well here it is. Not only are home prices down, so are the interest rates. Interest rates have reached a new record low for 30 year and 15 year fixed mortgages. After dropping for five weeks in a row:
www.menafn.com

This is a quick guide to the changes to the Home Buyer Tax Credit that quickly compares the old provisions and the new ones. It's an at-a-glance guide that should answer any questions that might be left from last week's article.

As always, feel free to contact me with any questions you have!
skutsche@gogmac.com

You can download the whole guide here:

Tax Credit Changes 2009

The National Association of Realtors has released a document outlining the newest changes in the Homebuyer Tax Credit. It may be helpful to highlight the most important changes. You may read it here or click on the link below to download the document for yourself.

Tax Credit Changes 2009

Senate Clears Homebuyer Tax Credit Extension to Pass This Week

The Senate last night cleared the way to pass a seven month extension and expansion of the tax credit for homebuyers. The legislation will reach President Obama for his signature this week.

The homebuyer tax credit, due to expire in 28 days, would be extended through April 30 of next year. First-time buyers who are in process of making a purchase would not need to worry about qualifying for the $8,000 credit if they close after the November 30 deadline.

For the first time, the legislation cleared last night makes move-up buyers as well as first-time buyers would be eligible for a credit.

The first-time home buyer $8000 tax credit deadline of November 30th, is quickly approaching. If you fit the first-time home buyer criteria of never owning a home or not owning a home within the last three years, time is of the essence. In order to qualify for the tax credit, you must complete your closing by November30th. With that said – now is the time to seriously look and make an offer. It takes approximately 4-6 weeks from the time your offer is accepted, to the time of closing.

Go to Realtor.Org, for more tips for first-time home buyers.

First-time Homebuyers listen up! If you are seriously in the market for your first home but might not meet the deadline for the tax credit, for whatever reason, do not fear. There are Bills pending in the House and Senate to extend and possibly expand the existing credit. It just keeps getting better and better for all of you – so keep working on your savings and/or credit scores or whatever it is your working on to put yourselves in a positive position for purchasing your first home. Those of you that are looking for a nice area with neighborhoods for your kids, check out St. Clair and the surrounding areas. Read the following for more info. concerning the tax credit: http://www.realtor.org/RMODaily.nsf/pages/News2009082401?OpenDocument

It seems as though Job loss and Foreclosure are not the primary reasons for moving anymore. According to the following article people are moving for more traditional reasons or “happier” reasons. To learn more about these reasons go to: http://www.realtor.org/rmodaily.nsf/pages/News2009082702?OpenDocument