Simone Barrett's Blog

Home prices are stabilizing in Tampa Bay

simonebarrett — Thu, 13 May 2010 20:49:41 +0000

Home prices are stabilizing in Tampa Bay

Just read an exciting article in the Tampa Business Journal. Here are the highlights:

1. Single-family home prices seem to be stabilizing in the Tampa Bay market.

2. The median sales price of homes in the Tampa has increased to $129,300.

3. In the first quarter of 2009, sales of single-family homes increased 15 percent in Tampa.

4. According to Timothy Becker, the director of UF’s Bergstrom Center for Real Estate Studies, results are indicating that the real estate market in Florida has finally hit bottom and better yet, is in the process of stabilizing.

This is good news.

“The information in this electronic mail message is the sender’s business confidential and may be legally privileged. It is intended solely for the addressee(s). Access to this internet electronic mail message by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, distribution or any action taken or omitted to be taken in reliance on it is prohibited and may be unlawful.”

“The sender believes that this E-mail and any attachments were free of any virus, worm, Trojan horse, and/or malicious code when sent. This message and its attachments could have been infected during transmission. By reading the message and opening any attachments, the recipient accepts full responsibility for taking protective and remedial action about viruses and other defects. The sender’s employer is not liable for any loss or damage arising in any way from this message or its attachments.”{sar}

Untitled

simonebarrett — Wed, 05 May 2010 23:32:22 +0000

Tampa Bay Real Estate – Villarosa 4804 Lastrada Court Lutz, Florida 33558

Beautiful 4 bedroom/3 bathroom plus den on cul-de-sac and conservation in Villa Rosa.

http://www.youtube.com/v/pBYlhuyntQA&hl=en_US&fs=1&”> name=”allowFullScreen” value=”true”>

Tampa Bay Real Estate – Villarosa 4804 Lastrada Court Lutz, Florida 33558

simonebarrett — Wed, 05 May 2010 23:24:01 +0000

Tampa Bay Real Estate – Villarosa 4804 Lastrada Court Lutz, Florida 33558

Beautiful 4 bedroom/3 bathroom plus den on cul-de-sac and conservation in Villa Rosa.

Tampa Bay Real Estate – Villarosa 4804 Lastrada Ct. Lutz, Florida 33558

simonebarrett — Wed, 05 May 2010 23:11:48 +0000

Tampa Bay Real Estate – Villarosa 4804 Lastrada Court Lutz, Florida 33558

Beautiful 4 bedroom/3 bathroom plus den on cul-de-sac and conservation in Villa Rosa.

Tampa Bay Real Estate – October Market Trend

simonebarrett — Wed, 18 Nov 2009 15:32:46 +0000

Download now or preview on posterous

tampa.pdf (151 KB)

veterans Day

simonebarrett — Tue, 10 Nov 2009 21:52:43 +0000

Click here to download:

Veterans.pub (427 KB)

Veterans Day

simonebarrett — Tue, 10 Nov 2009 21:48:07 +0000

Click here to download:

Veterans.pub (427 KB)

Tampa Bay Real Estate Federal Housing Tax Credit at a Glance

simonebarrett — Mon, 09 Nov 2009 23:49:02 +0000

Federal Housing Tax Credit

$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 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 tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

· For homes purchased on or after January 1, 2009 and on or before November 6, 2009, the income limits are $75,000 for single taxpayers and $150,000 for married couples filing jointly.

· For homes purchased after November 6, 2009 and on or before April 30, 2010, single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance

· To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.

· 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 $6,500.

· The tax credit applies only to homes priced at $800,000 or less.

· The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.

· Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

Tampa Bay Real Estate – President Obama Signs Bill Expanding Homebuyer Tax Credit

simonebarrett — Sat, 07 Nov 2009 00:24:37 +0000

This news has made my first time homebuyer very happy and in return makes me happy.

President Obama Signs Bill Expanding Homebuyer Tax Credit

11/06/2009 By: Carrie Bay

Enter your email to receive Daily Email Updates:

President Barack Obama inked his approval of the bill extending and expanding the homebuyer tax credit incentive Friday morning.

The housing tax break, which was initially set to expire at the end of this month, is now available to buyers who sign a contract by April 30, 2010, and close by June 30.

The credit amount is based on 10 percent of the home’s purchase price. The maximum available to first-time buyers is $8,000. Other buyers, who’ve lived in their current residence for at least five years but want to relocate to a new primary residence can receive a credit of up to $6,500 – the incentive for these so-called “step-up” buyers will begin on December 1 of this year.

The income limits for both first-timers and step-up buyers is $125,000 for individuals and $225,000 for couples – up significantly from the current first-time buyer thresholds of $75,000 per individual and $150,000 per couple.

The tax break is only available on primary residences priced at $800,000 or less. Vacation or investment properties are not eligible. Beneficiaries who sell the home or stop using it as their primary residence within three years would be required to repay the credit.

“The rebound in the housing market was one of the big factors that contributed to the growth of the economy last quarter,” President Obama said at a national address in the White House Rose Garden Friday. “We want to give even more families the chance to own their own home.”

The expansion of the homebuyer tax benefit received widespread support from lawmakers, despite concerns over what it might cost the government in lost taxes.

The measure passed unanimously in the Senate earlier this week and cleared the House with a vote of 403 to 12.

President Obama assured the American people this morning that the homebuyer tax credit measure, which was attached to a larger bill extending unemployment benefits, would not increase the national deficit.

Tampa Bay Real Estate – Updated Information on the HomeBuyer Tax Credit 11/05/09

simonebarrett — Thu, 05 Nov 2009 20:14:31 +0000

Last night (11/04/09) the Senate voted to extend and expand a popular tax credit for homebuyers that was scheduled to expire Nov. 30 and it was approved by Congress today.

The White House indicated that the President will sign the legislation.

How the homebuyer tax credit would work:

· Tax credit: Ten percent of the purchase price of a primary residence, up to a maximum of $8,000 for first-time homebuyers and $6,500 for repeat buyers who purchase between December 1, 2009 and May 1, 2010. First-time homebuyers are defined as people who have not owned a home in the previous three years. Repeat buyers must have owned their current home at least five years. The credit cannot be used for houses costing more than $800,000.

· Deadline for qualifying: Purchase agreements must be signed by April 30, 2010, and closings must be final by June 30.

· Military deadline: The deadline is extended by a year for members of the military who have served outside the U.S. for at least 90 days from Jan. 1, 2009, to May 1, 2010.

· Income limits: Individuals with annual incomes up to $125,000 and joint filers with incomes up to $225,000 qualify for the full credit. Individuals with incomes up to $145,000 and joint filers with incomes up to $245,000 qualify for reduced credits.

· How to apply: Taxpayers can claim the credit on their federal income tax returns. If the credit exceeds their tax bill, the government will issue a payment. Taxpayers who want immediate refunds can amend their tax returns for 2008 to claim the credit.

· New anti-fraud limitations imposed.

· Cost: $10.8 billion.