Buyer Advise

The loss of homestead exemption through rental

Feb 24th, 2010 | By axel | Category: Buyer Advise, Real Estate, Residential, Seller Advice, Taxes

The recent economic downturn has led to numerous battles between county property appraisers desperate to preserve revenue and homeowners desperate to generate additional income from their properties. A new battle ground has emerged as to the extent to which property appraisers can revoke the constitutional right to homestead where property owners rent out their homesteaded [...]



Time is ticking away for $8,000 tax credit

Jan 6th, 2010 | By bea | Category: Buyer Advise, Real Estate

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners [...]



Sarasota – one of the most undervalued U.S. Cities

Aug 1st, 2009 | By bea | Category: Area Info, Buyer Advise, Sarasota

AOL is reporting that Sarasota, Florida is the 2nd most undervalued cities in the United States:
Sarasota is a relatively upscale community on Florida’s west coast. “It’s a nice boating community, and they have got a lot of beautiful homes there,” says Jack McCabe of Florida-based McCabe Research & Consulting. After home prices plunged 44 percent [...]



SHIP funds to help homebuyers

Jul 3rd, 2009 | By bea | Category: Bradenton, Buyer Advise, Financing

The City of Bradenton Housing and Community Development Division has about $130,000 available to help residents make down payments on houses if they qualify.
The funds are part of the $482,236 in State Housing Initiatives Partnership (SHIP) funding from the Florida Housing Finance Corporation that the City received for the 2008-09 program year.
To qualify, the applicant [...]



$8K homebuyer credit signed into law

May 28th, 2009 | By bea | Category: Buyer Advise

Gov. Charlie Crist signed the budget bill (SB 2600) that lays out how the state will spend its $65.6 billion in the fiscal year that starts July 1. Included is $30.1 million for the Florida Homebuyer Opportunity Program, which will help with downpayment assistance.
Beginning July 1, those who quality for the federal $8,000 first-time homebuyers [...]



Calling it Home…

May 10th, 2009 | By bea | Category: Area Info, Blog, Bradenton, Buyer Advise, Sarasota

Enjoying your time in the sun and the sand between your toes? That feeling doesn´t have to be limited to only a couple of weeks a year. Make the Bradenton/Sarasota area your home and let everyday life become something truly spectacular!
Our beautiful area is definitely a great place to be all year round.  We admit [...]



$8,000 First-Time Homebuyer Tax Credit

Feb 24th, 2009 | By bea | Category: Buyer Advise

How does a first-time homebuyer take advantage of the $8,000 tax credit that President Obama is expected to sign into law tomorrow? It comes with a few rules. According to the most recent analysis, the following rules will apply – though things could change as tax professionals weigh the details:
• The deduction is worth 10 [...]



$7,500 First-Time Homebuyer Tax Credit

Aug 27th, 2008 | By Axel | Category: Blog, Buyer Advise

Some good news for first-time homebuyers:
As part of the Housing and Economy Recovery Act of 2008, the IRS authorizes a deduction of up to $7,500 for qualified first-time homebuyers. The tax credit is part of a recently enacted legislation to help people recover from the recent mortgage crisis.
The tax credit is basically an interest-free government [...]



Time to trade-up!

Jun 29th, 2008 | By bea | Category: Blog, Buyer Advise, Featured articles

Did you already find your dream home? Was it out of reach because it was just to expensive?
Look at it again! It may finally be affordable!
Even if you have to sell your own home first – it is possible. If the price of your dream home dropped in the recent down market, it may be [...]



When it´s Time to Buy!

Jan 30th, 2008 | By axel | Category: Blog, Bradenton, Buyer Advise, Sarasota

There are bargains out there which haven’t been there for almost a decase.
No, no, don’t laugh. I’m serious. Of course, I don’t mean property that is overpriced or overvalued. The kind of real estate that is only available at these times and at these prices.  Realistic sellers, short sales and foreclosures mean opportunities for buyers.
Look [...]