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Obama's 1st time Home Buyer Program ...
The 2009 Stimulus Package announced by President Barack Obama' Federal Government has brought special tax rebate and grants for the first time home buyers. The key is the right knowledge regarding rebate on tax and acting at the right time.
Here are some tips that would help you claim your tax rebate:
· You have to fill in the form for online on the FHA (Federal Housing Administration)& HUD (US Federal Housing & Urban Development Department) website to claim tax rebate
· The ones who have bought the home between January 1, 2009 & December 1, 2009, you can apply for tax credit up to $ 8000.
· In case you have purchased the home between April 1, 2009 & January 1, 2009, you are eligible for the tax rebate up to $ 7500.
· Unlike the year 2008, this year the tax credits do not have to be repaid to the authorities.
· If you are single, to get the tax rebate your income must be below or equal to $ 75,000 per annum.
· In case of a couple the per annum income must not be more than $ 150,000.
· The house you are considering must be in US.
· Here we are not literally talking about the first time buyers. Actually the US Federal Government law defines the 'first time' clause as follows: 'One or both the persons (in case of a couple) must not have a principle home ownership in their name since three years or more.'
· The house you are buying must be for residential use and not for commercial purpose
· In case you have got the house in inheritance or as a gift, you are not eligible for this benefit.
· If you are purchasing the home from someone within the family or acquaintances you cannot get this tax rebate benefit
Call us for more information 
Buying Land and New Construction >Buying Property to Build
The ideal piece of land cannot be purchased without due diligence. Say you notice a lot for sale in a suburban area that looks like a perfect place to build your dream home. Buying undeveloped land can provide an opportunity to build a house that will meet your needs, but you will need certain information before you sign on the dotted line.
Most suburban areas have zoning regulations which govern the type of structure that can be erected, the dimensions, and even the material used on the exterior. Historic preservation groups work with builders in many areas to ensure that any new construction fits in with the existing buildings. If you want to build out of the city limits, check the availability of public utility services and the cost of bringing those services to the site. Local planning and zoning boards can provide you with information about proposed development that could change your quiet country lane into a busy street.
It is a good idea to consult an architect and a zoning expert to confirm that your vision will work on the property you have selected.
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| Q |
What Hollywood star made the first footprint outside Grauman's Chinese Theater?
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| A |
Norma Talmadge accidentally stepped in wet concrete outside the building in 1927. |
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The Secundy Team - Brad and Amy Secundy
Remax Properties
2630 Tenderfoot Hill Street
Colorado Springs, CO. 80906
Phone: 719-339-2233
Fax: 719-576-1746
Email: BradSecundy@comcast.net
TOP 20 Top Producers at Remax Properties.Top 30 Listing Agents In Pikes Peak MLS 2005
* New Construction, Resale, Military Rebates, Custom Homes. As a Relocation Specialist and Buyers Agent , we specialize in serving Internet Savy home buyers who want to shop at their own pace using the internet. Be the first in line to see homes that match your criteria.
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