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Tired of Renting? Learn How to Buy a Home!
Posted by Micheale Zazo | Currently 11 Comments »
Are you paying more then $1,500 per month for rent?
Have you been renting for more than 2 years?
Do you know that you can buy a home for as little as 3.5% down payment?
Did you know you may qualify for an $8,000 tax credit if you close by November 30, 2009!
Interest Rates are at an all-time LOW, inventory is HIGH, and homes are the most AFFORDABLE they’ve been in years!
Now is the time to act!
Find out everything you need to know to be a Home Buyer in 2009.
FREE Home Buyer Seminar
This Saturday, March 28th
10:00am – 11:00am
Encinitas Community Center
1140 Oakcrest Park Drive
A complimentary brunch will be served.
Hosted by Micheale Zazo / Exclusive Properties Real Estate
Seating is Limited.
RSVP at www.FREEBuyerClass.com
or by calling 760-412-0241.
Related Posts: Activities & Events, Area Information, Encinitas, Financial news, Home Loans
FREE Home Buyer Seminar!
Posted by Micheale Zazo | Leave A Comment »
Get Answers to All of Your Home Buying Questions!
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Is Buying a Home the Right Choice for You?
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Do You Qualify for the $8,000 Tax Credit in the new Stimulus Plan?
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What are the Tax Advantages of Home Ownership?
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Why is NOW such a Great ”Buyer’s Market”?
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How Much Home Can You Afford?
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How Much do You need to save for a Down Payment?
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What are the Advantages of Working with a Buyer’s Specialist?
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How do You Find Foreclosures (REO’s) and Distressed Properties?
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Who Generally Pays What Fees in the Real Estate Transaction?
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What is the Step-by-Step Process to Buying a Home?
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Where are the “Best Deals” in San Diego?
Encinitas Community Center
1140 Oakcrest Park Drive
Saturday, March 28th
10:00am – 11:00am
A Complimentary Brunch will be Served!
Seating is Limited
Please RSVP to 760.412.0241 or mzazo@Exclusive Properties.com
Hosted by Micheale Zazo
Related Posts: Activities & Events, Agent Services, Area Statistics, Buyers, Cardiff, Contracts & Negotiations, Education, Encinitas, Find A Home, Great Real Estate Deals, Leucadia, Market Trends
Up to $8,000 Tax Credit for Qualified Home Buyers!
Posted by Micheale Zazo | Currently 1 Comment »
Home Buyers on the fence about buying their first home may want to consider the American Recovery and Reinvestment Act’s tax credit that could mean up to an $8,000 break on their taxes. Not only will this tax credit lower a home buyer’s tax liability by the amount of the credit, but these first-time homebuyers may reap additional benefits when filing their tax return now and for years to come while they own the home.
The recently revealed American Recovery and Reinvestment Act of 2009, has some important changes over the tax credit program that was previously offered.
§ Tax Credit has been increased to $8,000.
§ Homes have to be purchased between January 1, 2009 and December 31, 2009.
§ No repayment/recapture clause for homes sold after 36 months of occupancy and ownership.
Other qualifying details of the program include:
1. The Tax Credit is for home buyers (either spouse if filing jointly) who have NOT owned a principle residence during the three-year period prior to the purchase. Ownership of vacation property or rental property does not disqualify home buyers from this program.
2. The maximum credit is $8,000 or 10% of the home purchase, whichever is less.
3. The credit is available for homes purchased on or after January 1, 2009 and before December 31, 2009.
4. To qualify for the full tax credit, married couples’ modified adjusted gross income (MAGI) should be under $150,000 and single filers’ MAGI should be less than $75,000. Partial tax credits may be available for married couples with MAGI incomes of over $150,000 but under $170,000 and single filers with incomes over $75,000 but under $95,000. If married couples who qualify for the first-time tax credit file separately, they would both claim 5% of the home purchase or $4,000 each (whichever is less) on their tax returns.
5. Home buyers who qualify for this program, but who do not intend to purchase a home till the end of 2009, may elect to alter their tax withholdings (up to the amount of the of the tax credit) in order to save up money for a down payment. However, if the purchase of the home does not occur, the taxes must be repaid to the IRS.
6. There is no recapture or repayment clause IF the home is owned for at least 36 months.
7. The effective date of purchase for new construction (even if buyer owns title to the lot) is the date the owner first occupies the house. So even if construction began in 2008, as long as the home and buyers qualify for the tax credit, they will be eligible if they take possession any time during 2009. However, new construction bought from the builder is only eligible if the settlement date (closing) takes place between January 1, 2009 and December 31, 2009.
8. The law allows taxpayers to elect to treat qualified 2009 purchases as a 2008 purchase so that they can receive the tax credit on their 2008 tax returns.
9. The full amount of the eligible tax credit is refunded to the buyer, regardless of whether the buyer has paid an equivalent amount in taxes.
It is recommended to consult with your tax advisor / accountant to determine whether you are eligible for this tax credit before making any decisions or changes to your tax status.
Now is a great time to be a buyer in San Diego County. Call me today to start the search for your next great HOME! Micheale Zazo 760-412-0241.
Related Posts: Buyers, Coastal Living, Condos & Townhomes, Contracts & Negotiations, Find A Home, Uncategorized
Golf Anyone? Encinitas Coastal Rotary Golf Tournament May 1st
Posted by Micheale Zazo | Currently 2 Comments »
The Encinitas Coastal Rotary Club will be hosting its 12th Annual Golf Tournament on May 1, 2009, at Encinitas Ranch Golf Course. Come on out and be a part of this great celebration in support of the community!The Golf Tournament is our primary fundraiser and it is a highly visible event in our community. The funds raised at our golf tournament support the Community Resource Center, Magdalene Ecke YMCA, La Costa Canyon High School, Casa de Amparo, and Boys and Girls Club of Encinitas and other local and international programs.
We have Sponsorships available that range from $250 for Hole/Flag Sponsor to Platinum Sponsorship at $7,500.
Golfer registration is $175 for an individual golfer and includes golf, lunch, dinner and raffle drawings. You can register a foursome for $700.
Visit our website at http://ecrgolf.com/ for more details or to register for sponsorship or golf.
Please feel free contact Micheale Zazo at (760) 412-0241 with any questions.
Related Posts: Activities & Events
