Suzanne Dingley - Blog - Suzanne Dingley

Recent Blog Posts by Suzanne Dingley
The Capital Region "Skinny" - March 2010 The Spring market has arrived and delivered a whopping 20% increase in sales in February. What this means is that both buyers and sellers have returned to the market ready to take advantage of low interest rates, the Home Buyer tax credits and a great supply of available homes for sale. Posted by Suzanne Dingley @ 3:28 PM on 03/26/2010		More
Just 6 Weeks Left To Claim The Homebuyer Tax Credit The deadline for purchasing a home in order to qualify for the extended and expanded Home Buyer Tax Credit program is fast approaching. Homebuyers must be under contract to purchase a home no later than April 30, 2010; the home must close no later than June 30, 2010. “Move up” buyers (those who own a home and have lived in it for 5 of the last 8 years) may be eligible to receive a ... Posted by Suzanne Dingley @ 3:03 PM on 03/02/2010		More
IRS Form 5405 Needed To Claim Homebuyer Credit The Internal Revenue Service has released a new form that eligible homebuyers must file in order to claim the first-time homebuyer credit this tax season. The new form and instructions follow the extension and expansion of the homebuyer tax credit in November. In addition, there are now documentation requirements to deter fraud and ensure taxpayers properly claim the credit. With the release of ... Posted by Suzanne Dingley @ 3:03 PM on 02/08/2010		More
Tax Credit Ignites Early Spring Selling Season The home buying season is starting early this year, thanks to the expanded first-time and move-up homebuyer tax credit.Typically, the busiest time for home shopping starts in March and continues through May, but this year buyers who want to take advantage of the tax credits have to hold a signed contract by April 30 and close the deal by June 30.That is getting people off the couch. "The tax credit ... Posted by Suzanne Dingley @ 10:07 AM on 01/25/2010		More
Breaking News on the Homebuyer Tax Credit The Internal Revenue Service has released a new form that eligible homebuyers must file in order to claim the first-time homebuyer credit this tax season. The new form and instructions follow the extension and expansion of the homebuyer tax credit in November. In addition, there are now documentation requirements to deter fraud and ensure taxpayers properly claim the credit. With the release of ... Posted by Suzanne Dingley @ 12:25 PM on 01/21/2010		More
EXPANSION OF THE HOME BUYER TAX CREDIT The President has extended the $8,000 First Time Home Buyer Tax Credit and now expanded it to include a $6,500 tax credit for Move Up Buyers has caught the attention of many. Click this video for some of the pertinent details of the tax credit: Posted by Suzanne Dingley @ 2:06 PM on 12/17/2009		More
Foreclosure Option - The Short Sale There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of these options is called a “short sale”. When lenders agree to do a short sale ... Posted by Suzanne Dingley @ 2:02 PM on 12/10/2009		More
FAQ: FIRST TIME BUYER AND MOVE UP BUYER TAX CREDIT Here are some of the most frequently asked questions on the changes to the Home buyer Tax Credit. Additional details will be posted to this blog as they become available. Question: Existing homeowner credit: Must the new house cost more than the old house? Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements ... Posted by Suzanne Dingley @ 10:35 AM on 11/13/2009		More
UPDATE ON THE PROPOSED EXTENSION OF THE FIRST TIME HOME BUYERS TAX CREDIT PROPOSED: First Time Home Buyer Tax Credit Extension; Income Levels Increased The proposal to extend the first time home buyers tax credit is getting very close to being finished. The latest update is that the extension will offer tax credit to home purchases under contract by April 30th, 2010 while allowing another 60 days to close on the sale. The biggest change we may see in the ... Posted by Suzanne Dingley @ 10:23 AM on 10/29/2009		More
Act Now – 1st Time Homebuyer Incentive Expires Nov. 30, 2009 The current legislation grants a tax credit of up to $8,000 to first-time home buyers; the home must close by November 30, 2009. Purchase contracts need to be signed by late September or early October to ensure a closed sale before the deadline. At the current time, there has been no decision on an extension of the program. Who Qualifies? To qualify as a “1st-time home buyer” the purchaser ... Posted by Suzanne Dingley @ 2:38 PM on 09/29/2009		More

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