Up to $8000 Tax Credit for First Time Homebuyers
* The tax credit is for fist-time homebuyers only. * The tax credit does not have to be repaid. * The tax credit is equal to 10% of the home's purchase price up to a maximum of $8000.00 * The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. * Single taxpayers with incomes up to $75,000 and married coules with incomes up to $150,000 qualify for the full tax credit. For more information call or e-mail us today or visit www.federalhousingtaxcredit.com
Closing or Settlement >Net Sheet for Sellers
When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.
Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.
A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.
Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.
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| Q |
Which city in the U.S. has the longest formal name, but the shortest abbreviated name?
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| A |
El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA". |
 See More Real Estate Trivia > |
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