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Archive for August, 2009
Real Estate Investment: Do’s And Don’ts
Investors and first-time homebuyers are often aiming for the same goal: great resale. I witness it all the time; buyers who need a place to live who also want to make money someday. It’s important to know the difference in real estate investment. It’s not always for those of us who need to buy in order to have a place to call home. Yes, you should buy a place in which your investment will grow over the years. However, you need a place that’s livable and suitable to your specific needs. On the other hand, if your angle is profits and returnsand not necessarily a place to live, then you are an investor. This blog with help you either way. The do’s and don’ts of real estate investing in a nutshell. Read the rest of this entry »
First Time Homebuyer Tax Credit Paid In Advance
If you’re not taking advantage of the first time homebuyer tax credit – you should be! Lower interest rates, high inventory and low sale prices are continuing to make this a buyers real estate market. Not only are we seeing great deals in home sales, but first timers are getting that tax credit we are all hearing about. Buy before December 1st and receive $8,000 at tax time. Luke Mullins from US News explains that the federal first-time homebuyer tax credit was created by Congress this summer to encourage new homebuyers to purchase homes and thereby stimulate housing markets. However, the federal tax credit has been largely ineffective. One of the primary reasons the federal credit hasn’t worked is that the homebuyer doesn’t receive the money until he receives his federal income tax refund – which may be several months after the home is purchased. Read more.