Minnesota Home Buyers – Tax Credit Extension Update!!!!
Yesterday, the House of Representatives passed a measure that would extend the home buyer tax credit to September 30, 2010. This contradicts the vote down of this same idea in the Senate last week. Because it was rolled in to an initiative to create jobs, it was rejected because of concern over adding too much to the federal deficit. This sole measure passed the House overwhelmingly in a 409-5 vote! Even though the extension of the CLOSING deadline may go through, the purchase agreement must still have been fully executed by April 30, 2010.
This is good for the 180 thousand home buyers that would lose out on the tax credit because their transaction didn’t close on time. But, this REALTOR begs the question, who is going to hold the lenders’ feet to the fire that didn’t do their jobs to make sure this didn’t become an issue? We’ve been held hostage too long by the lending industry and those that “call” themselves a mortgage lender, but don’t perform they way they say they can. My take: Quit over-promising and under-delivering, and we won’t have to waste the time of the Houses of Congress on these issues!!!
Part of my job in helping buyers and sellers of homes for sale in Minneapolis cities is education. You need to know what you don’t know in order to make informed decisions. Contact me today to find out what you need to know!
With the real estate market being somewhat volatile, many home owners are opting to remodel their current homes. It’s valuable to know which projects will be the best return on your investment when you do sell. As an agent, the best advice I can give is:
From his experience of owning 15 rental properties, Ryan O’Neill will teach you a concrete, non-infomercial way to build wealth through real estate. This seminar will be a one and a half hour presentation in regards to wealth building through real estate. There is no charge at all, no contracts you sign with us, no consultation fees, no hidden agenda. The seminar simply will be an excellent opportunity for you to learn more about our process: how you get pre-approved, what type of low-down loan product to choose, and then how we step you through the process of finding the home and helping you get it rented out. Whether you are a beginner or an advanced investor, this will be a great chance for you to learn more about how you can build your long term wealth through buying real estate. Again, all of those teaching the seminars own rental properties. Our team leader, Ryan O’Neill owns 15 single-family homes, and our mortgage coach Rob Bonahoom has over 20 properties. All of us have experienced the benefits of real estate, and we’re excited to share a free seminar with you on how you too can get into the game (or continue on).
Well, it’s about time we have some good news in the housing market. The S&P/Case-Shiller home price index reports home price increases in 17 of the 20 most watched housing markets. Topping the list, MINNEAPOLIS HOMES FOR SALE! Minneapolis housing market saw a 3.2% increase, more than any other of the most watched housing markets nationwide. Still declining, Las Vegas, Charlotte and Cleveland.
You’ll be impressed! This fabulous 2 story, with 3 bedrooms and 4 bathrooms is the property you’ve been waiting for. A country setting with all the modern amenities. Heated floors throughout, large lower level family room AND amusement room, main level private owner’s suite with nature views everywhere you look. Oversized 3 car garage with workshop. Plymouth says pole barns are OK. A 2004 house with Medina-like acreage at this price can’t be beat!
When entering in to the real estate arena, there are so many terms thrown around, it can almost feel like another language. It can be very ostracizing to hear lots of language and anagrams that make no sense to you! It’s part of the function of real estate agents to become an educator for their client. And, part of that education includes familiarizing clients with the terms they with which they will inevitably be introduced.
