Saving for a home or, more precisely, how to save for a home is today’s Q & A.
You: Q & A?
Although Friday comes every week, Friday Q &A comes around only when someone submits a good question AND I have time to answer it. Both happened this week, so here we go. Want to ask [...]
Continue reading about Friday Q & A: Saving for a home – How to Save for a home
Due to the Worker, Homeownership and Business Assistance Act of 2009 signed into law on Nov. 6, 2009, the rules surrounding the first time home buyer tax credit have changed again. However, these rules only apply to homes purchased after November 6, 2009.
You: What if I purchased a home before November 6, 2009?
When did you [...]
On November 6, the first time home buyer tax credit was enhanced and updated. Here are the changes to the 2009 version of the first time home buyer tax credit resulting from the new legislation:
Deadline extended: Now you have until April 30, 2010 to establish a contract to purchase a home and June 30, 2010 [...]
Within my post last week titled First time home buyer tax credit may actually expire, I maintained my steadfast belief that Congress and President Obama would not allow the credit to end. Simply stated, I argued, the housing market is still so unstable that taking away stimulus was unlikely. (Furthermore, it’s far easier for the [...]
Continue reading about First time home buyer credit – extension talks underway
The first time home buyer tax credit is currently set to expire on November 30, 2009. As the law currently stands, only homes purchases with a closing date before the end of November will qualify for the $8,000 credit.
I have said, numerous times, that I believe the credit will be extended.
You: Why? Who do you [...]
Continue reading about First time home buyer tax credit may actually expire
It’s Friday, so it’s time for this week’s reader-submitted Q & A. (Two covered this week – I am so motivated!) If you’d like to submit a question, click here for more information or simply email a question.
I purchased a mobile home over 17 years ago for cash and have been paying rent for [...]
Continue reading about Friday Q & A: More on the first time home buyer tax credit
It’s Friday, so it’s time for this week’s reader-submitted Q & A. If you’d like to submit a question, click here for more information or simply email a question.
I purchased a home in Nov. of 2008 for $200,000. In July of 2009 I sold it for $265,000. If I am using all of the [...]
As my wife and I continue to search for a home –
You: What’s going on with that?
We bid on a home a few weeks ago and didn’t get it.
You: Any follow-up?
There was another opportunity to bid higher and become a firm back-up, but we decided not to.
You: So now what?
We’ve basically exhausted all of the [...]
Shortly after my wife and I bid on a house a few days ago, we learned that although the sellers had gone with a higher offer, they wished for us to consider becoming the official “back-up” offer. By doing so, if the first deal fell through, we would be next in line – the home [...]
Continue reading about We (still) didn’t get the house, but check out the carnival!
My wife and I bid on a house last weekend.
You: Did you get it?
You have to hear the story first.
You: But I’m excited! Did you get the house? Where is it?
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You might recall that my wife and I have had several discussions [...]
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