Contracts must be executed by April 30, 2010... for money in your pocket!

Whether you are a first-time buyer who qualifies for the $8,000 tax credit, or a current homeowner who wants the $6,500 tax credit, you have only until April 30, 2010 to take action. Federal deficits, budget cuts and political jousting make it highly unlikely that Congress will approve another extension of these popular tax credits, and many economists expect interest rates to increase soon.
So what are you waiting for? Here are the highlights of both tax credits:

$8,000 First-time Home Buyer Tax Credit at a Glance:

  • The $8,000 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…

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According to a survey released by Freddie Mac, interest rates on 30 year fixed rate mortgages averaged 4.97% for the week ending February 11, marking the third week this year that rates have fallen below 5%. A year ago rates were slightly higher, at 5.16%

15 year fixed rate mortgages averaged 4.34% this week as compared to 4.81% a year ago.

These low rates combined with increased affordability (i.e. LOW PRICES) hopefully will encourage continued activity in our local markets. Here in the Boca Raton/ Delray Beach/ Boynton Beach area we are closing significantly more deals than this time last year. This is really a great time to buy real estate in the Boca Raton area.

You can search the entire MLS here.

 

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clock_image_640Only a few months left to take advantage of the first time HomeBuyer's Tax Credit! Don't miss out!

Many people have taken advantage of the one-time opportunity to receive the $8,000 tax credit offered by Congress since passing the American Recovery and Reinvestment Act. The tax credit, coupled with today's low low interest rates and increased housing affordability, is a huge plus in helping Boca Raton real estate buyers realize their dream of homeownership.

You must close on your Boca Raton real estate purchase by December 1, 2009 in order to qualify!

First time homebuyers in addition to those who have not owned a home for the past three years, may be eligible to receive all or even part of the credit depending upon their income level. You can even…

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The responsibility of public education in Boca Raton, FL is handled by the school district of Palm Beach County. The city is split into several districts which allow the most educational facilities to serve the city and county.  Palm Beach County School District has been an “A

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As an extention to my earlier post regarding "Making the Move to Boca Raton, FL", here are the best tips on choosing the right moving company.

 

When you start looking for the right company for your move to Boca Raton, FL keep a few things in mind. The different types of moving companies are geared towards what you need when it comes to transporting your belongings to their new home. So, how do you decide which type is right for your big move? There are basically three different types of companies from which to choose.

 

The full service moving company may be the best choice if you have a lot of things that must be packed and loaded. The full-service company will pack everything, load it, drive to the Boca Raton, FL real estate that you have…

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So you have finally found the Boca Raton, FL real estate property you will soon call home and need to find a professional moving company. This is the best way to go when it comes to moving because it can be so hectic and frustrating that you are ready to sit down in the midst of all the boxes and vow that this will be the last time you ever move! Why put yourself through the misery? Hire a professional moving company to help you with you move to Boca Raton and you will be glad you did.

 

Boca Raton FL Real Estate

 

One advantage among many is this frees you up to make sure all the little things are taken care of while the professional movers are packing up your belongings. Your back will thank you at the end of the day as well. Moving companies have employees who know…

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You have decided now is the time to buy since the cost is down, interest rates are down and the housing market has not looked this good for buyers in a long while. So, you are going to jump right in and purchase that Boca Raton real estate that you have been thinking about buying. Here are a few things you should know about the time you have decided to purchase your home. It is called a down market and that is one of the best times to buy.

 

Buying in a down market is one of the best times to buy. It is a financial gain because your home will gain value once the price starts going back up again. In a down market, foreclosures, short sales, and REOs are more plentiful. The home you buy that may need a little fixing up can be worth a lot more than what…

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Deciding on the area your Boca Raton real estate was to be located took some time. A hard choice deciding between a gated community or a waterfront home (or both!) was made. Now finally, you have found the home of your dreams! After searching and looking at home after home for the past days or weeks, you finally decided this was the one. Your first step is making an offer on this beautiful piece of Boca Raton real estate. The purchase offer is an important part of your home buying process. In today’s economy, the buyer has the upper hand in much of the transactions happening not only in Boca Raton and other Palm Beach County cities, but throughout North America.  As a buyer, you are in a great position in getting a fantastic home at a very affordable…

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Let’s take a look at some of the opportunities and positive indicators for the future of Florida’s real estate market. This list was provided by the Florida Association of Realtors. It shows many reasons why now is a great time to buy property in Florida. I will highlight five of these in each blog post:

  1. Long-term economic and demographic trends continue to favor Florida. By 2010 it has been forecast that Florida will be the third most populated state in the country. Florida’s population is expected to increase about 75 percent by 2030. Florida demonstrates a long history of strong growth. It has been one of the 10 fastest-growing states in the U.S. for each of the past seven decades, and often it has been in the top four, according to census…

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Do you know your Mullions from your Muntins? Your Girders from your Beams? Your window from your sash?
I'm embarrassed to say that even though I have been a top producing Boca Raton FL Realtor for over ten years, I wasn't even sure about some of these.
Please see the attached article by Arrol Gellner answering some of these questions. I thought it was really interesting! And please post a comment if you have some others to add!
Have a great Memorial Day weekend!

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