Homebuyer Tax Credit
Extended and Expanded!
It's Official.
The First Time Homebuyer Tax Credit has been extended, which is great news for you whether you are buying or selling. Buyers now have until April 30, 2010 to secure a contract on a home and must close on that home prior to July 1, 2010 in order to receive the credit. On the heels of an improving market, there really is no better time to take advantage of an incentive like this.
The new Tax Credit is similar to its predecessor only the government has expanded the program and sweetened the pot. Initially, only First Time Buyers were eligible for the $8,000 credit. That opportunity is still available, but now there is a new incentive: $6,500 for existing homeowners who purchase a new home - provided they have lived in their current residence for at least five years. Income limits also have been increased so more borrowers are eligible.
Need help establishing your qualifications? As your REALTOR®, I can help you determine how to successfully take advantage of these incentives. Whether you’re looking to buy your first home, sell or move up, I’m here to offer you candid advice on market conditions, and, of course, the updated Homebuyer Tax Credit.
If you want more information feel free to give me a call at (219) 934-6324.
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‘Tis the season for winter travel! Be safe on the road this holiday by winterizing your vehicle before you go!
1. Check tires (including spare) and belts for wear and tear.
2. Get an oil change. A thinner grade of engine oil provides better
performance in colder temperatures.
3. Inspect wipers and wiper fluid level to ensure optimum visibility.
4. Pack an emergency kit with flares, antifreeze, bottled water, flashlights, blanket, jumper cables, energy or snack bars, tire iron and jack, tire sealant, tire chains
(if you are going to be in heavy snow areas), cell phone with a booster and your
car owner’s manual.
5. Slow down and brake before turning a corner in icy conditions. In a skid situation, turn your wheels INTO THE SKID and accelerate slightly to regain control.
6. An abundance of travel-weary and intoxicated drivers are on the roadways this time
if year. Be alert, be defensive and stay safe!
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If you’re like most of us, deciphering gift-giving and holiday tipping etiquette can be more than a little confusing. Although every situation is different, let some holiday spirit, common sense and these general rules of thumb be your guide:
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Babysitter:
One evening’s pay, plus a small
gift from your child.
Child’s Teacher:
Consider a joint gift with other parents. Gift certificates for restaurants, book stores or local shops are always nice—and cards from your child are always welcome!
Letter Carrier:
The government regulates that
carriers cannot accept cash, but they can accept gifts worth up to $20
on occasion.
Hairdresser
Cost of one visit or a small gift.
Nursing Home Employees:
A gift, not cash. Consider something such as fruit, chocolate or food items that can be shared by the floor staff.
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Live-in Help
(nanny, cook, housekeeper):
One week to one month’s salary
(based on tenure), plus a personal gift.
Pool Cleaner:
Cost of one cleaning, to be
split among the crew.
Trash Collectors:
$10 to $30 each.
Yard Worker/Landscaper:
$20 to $50.
Handyman:
$15 to $40.
Pet Groomer:
If it is the same groomer all year,
Home Health Employees:
Check with service to see
what is allowed.
up to one session, or a gift.
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Fitness Trainer:
Up to the cost of one session.
Dog Walker:
One week’s pay and/or a gift.
Garage Attendant:
$10 to $25
Private Nurse:
A gift, not cash.
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Gift giving is always a personal matter; consider these suggestions as guidelines only. And please remember this: The most important gift we can give each other as human beings is the exchange of good wishes, comfort and care, love, laughter and the ability to ease one another’s days when possible. Such gestures are often the gifts remembered (and cherished) most.
An Equal Housing Opportunity Broker. If Your House is Currently Listed, This is Not Intended As a Solicitation. This newsletter is intended for informational purposes only.
No reader should rely solely on the information contained herein, as it does not purport to be comprehensive or to render specific advice.
©1995-2009 ProspectsPLUS!®
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