Home Buying Step to a smooth close

Home Tax Credits still available

The homebuyer tax credit program has been extended for quailified members of the uniformed services, members of the Foreign Services and employees of the intelligence community.

First Time homebuyers can claim up to 10 % of the home's value ($8,000 maximum), and existing homeowners who buy a new home can claim a credit amount up to $6500.00

A contactmust be signed by April 30th, 2011 and close by June 30, 2011.

Call me for more details

Dakota County First Time Homebuyer Funds

Are you a First Time Homebuyer thinking about purchasing a home in Dakota County? There may be funds available to you through Dakota County Community Development Agency. They are offering up to $10,000 in down-payment assistance at a fixed 4.99 percent interest rate. The funding comes through a special bonding authority from the US Treasury. If you would like more information go to www.dakotacountysda.org or give me a call. I can refer you to a lender who is participating in this program.

According to the Minneapolis Area Association of REALTORS® (MAAR), so far this year, the Twin Cities housing market looks very similar to January 2009 in terms of pending sales, new listings and inventory.MAAR reports that the February 2010 Supply-Demand Ratio currently resides at 6.99. That means there are 6.99 homes available for each buyer. This number is 8.5 percent lower than it was one year ago and the lowest February mark since 2006. Fewer homes on the market per buyer is good news for sellers because it translates to less competition, and is also good news for the overall market in its slow movement toward greater balance.December’s average number of days a home was on the market before sale resided at 132. That means repeat homebuyers looking to capitalize on the $6,500 tax credit should already have their home listed for sale – or be listing it immediately - in order to have the best chance at selling by the deadline. Qualified, prospective homebuyers looking to capitalize on either tax incentive ($8,000 first-time homebuyer or $6,500 repeat homebuyer) will need to have a signed purchase agreement by April 30, 2010, and will need to close on their home by June 30, 2010. For more information about the tax credits

Dakota County First Time Homebuyer Funds Available

Dakota County Community Development Agency (CDA) has funds available for First Time Homebuyers purchasing a home in Dakota County. A Low Fixed Interest Rate, currently at 4.99%. Also down payment assitance is available for qualified buyers. Call me for more information.

Limited amount of funds are available-

Housing Tax Credit

Tax Credit Alert... Do not wait too long Buyers and Sellers. You have less than 120 Days to take advantage of the $8,000 First Time Home Buyer Tax Credit or $6500 if you are a move up buyer (selling a current home and purchasing another). You need to have a "signed" purchase agreement to qualify by the end of April. Do not wait too long to take advantage of this incentive. Contact me with any questions on this limited program.

Cul de sacs- strange fact

Increasing numbers of towns and cities are taking exception to cul-de-sacs. Community leaders see cul-de-sacs as traffic-congesting roads that are tough to negotiate for emergency vehicles and time consuming for snow plowing and road maintenance. To this end, cities and towns across the U.S. are limiting, restricting, or even banning cul-de-sacs in new neighborhoods