Monday, July 27, 2009
Friday, July 24, 2009
Crazy little thing called........
07.24.09
It has been a very busy summer! The fair is over and school starts back in about a week. There has been such an overwhelming amount of grants, tax credits, 1%-5% interest rate programs, Mortgage tax credits, etc. Truthfully the whole thing is really crazy if you look at what we had 12 months ago! There is absolutely no reason not to be buying a home! Example: Client #1 (real life scenario) Buying his first house, getting $5,000.00 welcome home grant, getting to take the $8,000.00 tax credit, getting a killer interest rate at one of our local banks, taking advantage of a special bank loan, and he could buy the $2,000.00 Mortgage 30 year tax credit too!!! Seriously??? Yes!!! Sellers take notice too! These perks aren’t just out there for first time homebuyers! It’s the time to buy!!! It’s the time to sell!!! Deals and perks are out there for the taking, what are you waiting for??? Julie Moore, Betty Seay Team 502-349-0051
It has been a very busy summer! The fair is over and school starts back in about a week. There has been such an overwhelming amount of grants, tax credits, 1%-5% interest rate programs, Mortgage tax credits, etc. Truthfully the whole thing is really crazy if you look at what we had 12 months ago! There is absolutely no reason not to be buying a home! Example: Client #1 (real life scenario) Buying his first house, getting $5,000.00 welcome home grant, getting to take the $8,000.00 tax credit, getting a killer interest rate at one of our local banks, taking advantage of a special bank loan, and he could buy the $2,000.00 Mortgage 30 year tax credit too!!! Seriously??? Yes!!! Sellers take notice too! These perks aren’t just out there for first time homebuyers! It’s the time to buy!!! It’s the time to sell!!! Deals and perks are out there for the taking, what are you waiting for??? Julie Moore, Betty Seay Team 502-349-0051
Wednesday, July 22, 2009
Tuesday, July 14, 2009
VOTE TODAY
Check out the "Best Of Nelson County" Ballot online at www.kystandard.com! Don't wait to vote, deadline is July 23rd! Vote for your Nelson County Fav's!!!
Julie Moore, Betty Seay Team 502-349-0051
Julie Moore, Betty Seay Team 502-349-0051
They just keep making it better everyday!!!
Governor Steve Beshear's Communications Office
New Home Tax Credit Could Save Kentuckians Thousands
ERLANGER, Ky. – A new tax credit goes into effect this month that could give some Kentuckians thousands of dollars back on the purchase of a new home.
The New Home Tax Credit is an individual income tax credit and applies to a “qualified buyer” who purchases a home on or after July 26, 2009 and before July 26, 2010.
The tax credit is designed to help individuals who are buying a home but don’t qualify for the federal first-time homebuyer credit allowable under the Internal Revenue Code. Under the state program, the home must never have been occupied and must be the principal residence of the qualified buyer for a minimum of two years. The buyer can get up to a $5,000 credit under this program.
“It’s been a really tough year for a lot of Kentuckians,” said Gov. Steve Beshear. “When the legislature met last month, it decided it had to do something to help. This tax credit will go a long way in helping those who qualify become homeowners.”
“This housing legislation will give prospective homebuyers a strong incentive over the next year to buy a new home,” said Rep. Tommy Thompson, of Owensboro. “It will also serve to stimulate local economies and reduce unemployment in the construction industry.”
To qualify, the buyer must submit a credit application within seven days of closing on the property. The Kentucky Department of Revenue will then review the application and when approved, send the buyer a credit allocation letter. That letter must be attached to the income tax return filed for the taxable year during which the qualified principal residence was purchased. There is a $25 million cap and credits will be given on a first come basis until the cap is reached.
Anyone with questions can contact the Department of Revenue’s Income Tax Taxpayer Assistance Sections at (502) 564-4581. See also www.revenue.ky.gov for additional criteria on this program. On the home page, it will be listed under Hot Topics.
Julie Moore, The Betty Seay Team 502-349-0051
New Home Tax Credit Could Save Kentuckians Thousands
ERLANGER, Ky. – A new tax credit goes into effect this month that could give some Kentuckians thousands of dollars back on the purchase of a new home.
The New Home Tax Credit is an individual income tax credit and applies to a “qualified buyer” who purchases a home on or after July 26, 2009 and before July 26, 2010.
The tax credit is designed to help individuals who are buying a home but don’t qualify for the federal first-time homebuyer credit allowable under the Internal Revenue Code. Under the state program, the home must never have been occupied and must be the principal residence of the qualified buyer for a minimum of two years. The buyer can get up to a $5,000 credit under this program.
“It’s been a really tough year for a lot of Kentuckians,” said Gov. Steve Beshear. “When the legislature met last month, it decided it had to do something to help. This tax credit will go a long way in helping those who qualify become homeowners.”
“This housing legislation will give prospective homebuyers a strong incentive over the next year to buy a new home,” said Rep. Tommy Thompson, of Owensboro. “It will also serve to stimulate local economies and reduce unemployment in the construction industry.”
To qualify, the buyer must submit a credit application within seven days of closing on the property. The Kentucky Department of Revenue will then review the application and when approved, send the buyer a credit allocation letter. That letter must be attached to the income tax return filed for the taxable year during which the qualified principal residence was purchased. There is a $25 million cap and credits will be given on a first come basis until the cap is reached.
Anyone with questions can contact the Department of Revenue’s Income Tax Taxpayer Assistance Sections at (502) 564-4581. See also www.revenue.ky.gov for additional criteria on this program. On the home page, it will be listed under Hot Topics.
Julie Moore, The Betty Seay Team 502-349-0051
Monday, July 13, 2009
GREEN Tips from Edward!
With natural gas and heating oil prices being what they were the past few winters, it has gradually dawned on many homeowners and renters alike to mind their thermostats carefully through the cold months. Now, that same kind of vigilance is more important than ever when it comes to moderating your warm weather climate control as well.
That's because cooling accounts for nearly half the energy used by the average home during the summer, according to the EPA. The high power loads of air conditioners put considerable pressure on already stressed power grids, and have been blamed for numerous blackouts and rolling brownouts. The generation of the required electricity is a major contributor of greenhouse gases.
As in winter, it really pays to install a programmable thermostat (approximately $150 a year, according to the EPA). Besides improving efficiency, a programmable model provides hassle-free convenience and accuracy, and doesn't contain mercury like the old manual thermostats. Learn about Energy Star modelshere.
Even though the thought of an arctic blast might sound appealing in the dog days of summer, it isn't wise to set your thermostat too low, for your pocketbook or the environment. Aim for 78 degrees Fahrenheit or higher. Also make sure your air conditioning system, including ductwork, is properly maintained and cleaned.
http://www.thedailygreen.com/going-green/tips/3751#ixzz0L9XZWqSE&D
Wednesday, July 8, 2009
Tuesday, July 7, 2009
GREEN Tip from Edward
This is pretty interesting...Green your shower curtain!
Choose a natural fabric, such as cotton (organic if you can find it) or bamboo, for your next shower curtain and liner.
Know that familiar smell when you open the package and unfold a new vinyl shower curtain? That's the off-gassing of chemicals from polyvinyl chloride plastic (PVC). One of the chemical additives, DEHP, a phthalate, is a suspected carcinogen and has been linked to hormonal disruption in humans. An EPA study found that vinyl shower curtains can elevate air toxins in your home for more than a month.
The environment doesn't need more plastics and neither do you.
Check out The Daily Green to GREEN your life!http://www.thedailygreen.com/going-green/tips/3911#ixzz0KaIOKYPA&D
Friday, July 3, 2009
Why buy NOW??????
Now is a good time to buy. Here’s why:
The Market is Strong
Interest rates are historically low, inventory is abundant and prices are stable.
“All Real Estate is Local”
Market conditions being reported nationally do not necessarily reflect the real estate market in your local community, neighborhood or street. Speak to a REALTOR® who truly knows your local market.
Building Wealth
Owning a home not only provides you with shelter, but it is one of the best ways to build wealth. In addition to the tax benefits, real estate has delivered the most consistent positive return over any long-term investment during the last 40 years.
Timing
The right time to buy (or sell) is when it is right for you. Trying to time the market is extremely difficult as the only way to know the market has hit bottom is when prices are on their way back up.
Qualified Buyers
Underwriting requirements for loans have been tightened; as a result, buyers who are now in the market are more qualified. This means sellers can feel more confident that their sale is going to close.
Did You Know…Mortgage rates are at historic lows, remaining at or below 6%, and well below their all-time highs of over 18% in the 1980s.The rate of return on a housing investment dramatically increases the longer it is held (Harvard University Joint Center of Housing Studies).The median net wealth of a renter household is $4,800, while the median net wealth of a homeowner household is $171,700. (Federal Reserve Survey of Consumer Finances)
Don’t wait!!! Get off the fence and take advantage of these historic opportunities! Julie Moore, Betty Seay Team 502-349-0051.
The Market is Strong
Interest rates are historically low, inventory is abundant and prices are stable.
“All Real Estate is Local”
Market conditions being reported nationally do not necessarily reflect the real estate market in your local community, neighborhood or street. Speak to a REALTOR® who truly knows your local market.
Building Wealth
Owning a home not only provides you with shelter, but it is one of the best ways to build wealth. In addition to the tax benefits, real estate has delivered the most consistent positive return over any long-term investment during the last 40 years.
Timing
The right time to buy (or sell) is when it is right for you. Trying to time the market is extremely difficult as the only way to know the market has hit bottom is when prices are on their way back up.
Qualified Buyers
Underwriting requirements for loans have been tightened; as a result, buyers who are now in the market are more qualified. This means sellers can feel more confident that their sale is going to close.
Did You Know…Mortgage rates are at historic lows, remaining at or below 6%, and well below their all-time highs of over 18% in the 1980s.The rate of return on a housing investment dramatically increases the longer it is held (Harvard University Joint Center of Housing Studies).The median net wealth of a renter household is $4,800, while the median net wealth of a homeowner household is $171,700. (Federal Reserve Survey of Consumer Finances)
Don’t wait!!! Get off the fence and take advantage of these historic opportunities! Julie Moore, Betty Seay Team 502-349-0051.
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