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$8,000 First Time Home Buyer Tax Credit
How The First Time Home buyer Tax Credit Affects Your Florida Real Estate Purchase

 

Tax Credit Provides Outstanding Opportunity for Home Buyers
 | Tax Credit at a Glance  |  Frequently Asked Questions  |              www.NaplesTaxCredit.com

$8,000 Home Buyer Tax Credit at a Glance

The information on this page pertains to the American Recovery and Reinvestment Act of 2009.

  • The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
     
  • The tax credit does not have to be repaid.
     
  • The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.
     
  • The tax credit applies only to homes priced at $800,000 or less.
     
  • The credit is available for homes purchased on or after January 1, 2009 and before April 30, 2010.
     
  • Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
     
  • A tax credit of up to $8,000 is available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before April 30, 2010.

 
 
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  Change the way you search for real estate as your Phone becomes the ultimate search tool. With Sand Castle Mobile®, one-click finds all of the closest properties for sale using GPS technology. Or you can customize your search to a specific area by entering in a community, address, city or zip code. Learn the price, see the number of beds and baths, read property descriptions, plot the property on an interactive map – even see pictures! Sand Castle Mobile® is the most comprehensive mobile real estate search on the market. Ready to take a look inside? Simply hit the “Call to See” button within the application, and you will instantly be routed to a real estate professional who can answer your questions or schedule an appointment. Now everyone can have instant access to all listing information directly from their personal Phone!

For all your real estate needs in Naples, Bonita Springs, Estero,
Fort Myers, Marco Island, and throughout Southwest Florida, count on the experts at Sand Castle Realty Group.

Our Agents know the area, and our Agents keep the commissions they earn.  What that means to you is that they will make the advertising and time investment because they will keep more money than most agents.

 With Sand Castle Realty Group, Inc. Everyone Wins!

Obviously, there has never been a better time to buy Florida Real Estate.  As you decide who to work with while buying or selling Real Estate in the Southwest Florida area, think about this: Would you rather work with an experienced real estate agent who gets to keep their entire commission, or one that has to give 10, 20, even 50% of their commission to their company?

 
 

For Real Estate Career Information Click Here Florida Real Estate Careers

Naples Real Estate
 

 

 

  
Sand Castle Realty Group, Inc. Agents are your premier resource for Real Estate in Naples, Marco Island, Estero, Bonita Springs, Ft. Myers and north along the Gulf Coast of Florida. All our experienced Agents are REALTORS.  Why would you settle for anything less that the best?

Whether you are buying or selling, you will not find REALTORS better equipped with the knowledge, experience, and the latest technology to serve you.

Once your Sand Castle Realty Group Agent has helped you find the home of your dreams, you can trust Sand Castle Mortgage Group, Inc. for all your financing needs, and Sand Dollar Title Group, Inc. to deliver your dream through our superior title and escrow services.  For Instant Pre-Qualifications and Fast Pre-Approvals, Please Visit www.SandApprovals.com

Regardless of which of our services you utilize, you will appreciate our absolute obsession with Customer Service.

We Guarantee The Best Service You Have Ever Experienced.

If you are looking to enhance your Naples Real Estate Career, Please visit www.SandCareers.com .

If you are looking to enhance your Marco Island Real Estate Career, Fort Myers Real Estate Career, Bonita Springs Real Estate Career, Estero Real Estate Career, or Florida Real Estate Career, Please visit www.SandCareers.com for the Best Real Estate Career Options.  100% Commission for $100 / Month.
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Short Sales Can Benefit Both Buyers and Sellers, But Not For The Beginner
 By Scott Berry , Sand Castle Realty Group, Inc.


Short Sale is the new buzz word being used by savvy real estate Buyers who are looking for a hot deal in the current Buyer’s market.  You have seen them….properties advertised with a price that seems too good be true, and considerably lower than comparable properties even in the same neighborhood.  Are Short Sales really a good deal, and how do you go about purchasing one of these properties?  It is not always as simple as you are led to believe, but with the proper tools, you can purchase a quality Short Sale property well below market value.

What is a Short Sale?
 A short sale means the seller's lender is accepting less than the mortgage balance to release an existing mortgage. Just because a property is listed with short sale terms does not mean the lender will accept your offer, even if the seller accepts it.  Lender acceptance may depend on several elements of your offer as well such as the percentage of your down payment, closing date, other negotiated terms, and possibly whether or not you are pre-approved for a mortgage.

As a general rule, the seller will need to be in default on their mortgage and must have stopped making mortgage payments, before a lender will consider a short sale.  

Always Hire a Realtor That Has Experience With Short Sales
 A Realtor experienced with Short Sales can help you find properties that are being sold as Short Sales.  Often these properties are only advertised as Short Sales to the Realtor community through the Multiple Listing Service, and are not readily available to the general public.

If you are a Seller who finds yourself in a possible Short Sale situation, it is absolutely essential that you utilize the services of a Realtor who is experienced in Short Sales.

Regardless of if you are buying or selling a Short Sale property, a Realtor with experience in short sales will help to expedite your transaction and protect your interests. You don't want to miss any important detail due to inexperience or find out your transaction is not going to close on time because no one has followed up in a timely manner.

·         Find a Realtor with Short Sale Experience Here

You can't just decide you're going to sell your home at a loss by asking your lender for a short sale, and expect them to readily agree.  Lenders will more than likely not consider a short sale if your payments are current.  Sellers need to provide a hardship letter to the lender. Sellers may also owe taxes on the amount of debt that is forgiven.

Submitting Your Offer to The Lender
 After  the seller has accepted your offer, your Realtor will send it to the lender for approval. Keep in mind that, even though the Seller has accepted the offer, the contract is not valid until it is accepted by the Lender.   The lender will review the offer in detail and will schedule a Broker’s Price Opinion (BPO) which is a sort of abbreviated appraisal, comparing this property with other comparable properties that have recently sold or are currently for sale.

Timing Is Everything
 A very important notion to keep in mind is that the Short Sale process takes a considerable amount of time.  Depending on the details of the situation, a Short Sale will typically take much longer than a traditional sale, because of all the added steps involved in the process.  Be patient, and let your Realtor make sure all the important details are taken care of.

Foreclosure vs. Short Sale
 Most mortgage experts agree that sellers will take a bigger hit on their credit score by going through foreclosure versus a short sale.  The effect on credit will show up as a pre-foreclosure in redemption status, which will result in a loss of 80 to100 points on the FICO score versus 250 – 280 points with a foreclosure.

If you're a seller trying to decide whether to let a home go through foreclosure versus attempting a short sale, salvaging your credit is the main advantage to doing a short sale. Always seek legal and tax advice before making any decision regarding a short sale.  Always consult an experienced Realtor when thinking of buying or selling a short sale property.

About The Author
 Scott Berry is the Broker for Sand Castle Realty Group, Inc. headquartered in Naples Florida with real estate operations throughout the State of Florida.  Mr. Berry has tremendous experience in the Real Estate industry in Southwest Florida, and he has perfected the 100% Commission Realtor Model.  All Sand Castle Realty Group, Inc. Realtors receive 100% of their commission for $100 / month which had helped make them Southwest Florida’s Fastest Growing Real Estate Firm.  For Real Estate Career Information visit www.SandCareers.com .

View Short Sale Solutions in Florida Here
 View Short Sales Solutions in Florida Here
 View Florida Short Sale Solutions Here

Florida Short Sales
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 Bonita Springs Short Sales
 Estero Short Sales
 Fort Myers Short Sales
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Short Sale Experts

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