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$8000 Real Estate Buyers Tax Credit

April 8, 2009 By 2 Comments

Are you a first-time home buyer in the Portsmouth NH Seacoast area?

Check out these videos to learn more about how the government’s $8,000 home buyer tax credit might help you:

If you’ve already owned a home in the past, as long as it’s been at least 3 years since you did, you might qualify for this tax credit.

If you currently own land or own a vacation or second home but not a primary home, you may qualify for this tax credit.

The American Recovery and Reinvestment Act of 2009 established the $8,000 Federal Housing Tax Credit. This is a real tax credit, and it applies to homes or condos bought as primary residences from January 1, 2009 to December 1, 2009.

“The average homeowner is 38% more wealthy than non-homeowners” – Ron Phipps, NAR First Vice President

For more detailed information on this tax credit, the National Association of Home Builders has put together a detailed package of info.
Are you ready to find that perfect home or condo? Today’s environment with great interest rates and lower home purchase prices makes this a fabulous time for most people to think about purchasing real estate.

Send me an email or give me a call, 1-888-349-5678 x 3839, and we can get started talking real estate and find you that perfect home or condo here in the Seacoast areas of NH and southern Maine!

Click here to search homes and condos for sale in NH and Maine
Contact Ann Cummings New Hampshire REALTOR View Featured Homes and Condos For Sale in the Portsmouth NH Area Check Out My Monthly Real Estate Newsletter - Ann Cummings

Click here to see all things real estate and community info for Portsmouth NH Area - Ann Cummings NH and Maine REALTORFollow Ann on Twitter!

Servicing the New Hampshire towns of Portsmouth, Newcastle,
Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington,
Dover, Durham and surrounding areas, and the Maine towns of Kittery,
Kittery Point, Eliot, South Berwick, York, and surrounding areas.
Filed Under: Blog, Buying Real Estate in the Seacoast, Featured Tagged With: , , ,
Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!

Real Estate Buyers – Is Now THE Time to Buy?

March 19, 2009 By Leave a Comment

Thinking about getting into the real estate market??  There may never be a better time to buy homes or condos than now!

With the Fed’s most recent actions regarding interest rates and home mortgages, the home mortgage rates available now and for the foreseeable future are basically rock-bottom!  This truly is what could be considered a ‘perfect storm‘ for home buyers.

If you’ve been sitting on the fence about whether to buy now or wait a bit, take advantage of what’s there just waiting for you -

  • amazingly low interest rates,
  • lower prices on Portsmouth NH homes and condos, and
  • interesting negotiating opportunities.

When you see that home or condo in the Portsmouth area real estate market that’s perfect for you, snap it up because if you don’t, there will be other buyers looking at the same properties you are, and it may just be perfect for them as well.

This video from “Good Morning America” talks about home mortgages and where rates are headed for now – “Good News For Homeowners“.

Interest rates are already, as of today, in the 4′s percentage-wise.
How awesome is that???!?!?!?

Are you looking to buy or sell real estate here in the Portsmouth NH area?  If so, send me an email or give me a call – I’d love to talk to you about the real estate market and your interest in buying or selling here in the Portsmouth NH real estate homes market!

Call TODAY and let’s get started finding you that perfect home or condo!

Click here to search homes and condos for sale in NH and Maine
Contact Ann Cummings New Hampshire REALTOR View Featured Homes and Condos For Sale in the Portsmouth NH Area Check Out My Monthly Real Estate Newsletter - Ann Cummings

Click here to see all things real estate and community info for Portsmouth NH Area - Ann Cummings NH and Maine REALTORFollow Ann on Twitter!

Servicing the New Hampshire towns of Portsmouth, Newcastle,
Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington,
Dover, Durham and surrounding areas, and the Maine towns of Kittery,
Kittery Point, Eliot, South Berwick, York, and surrounding areas.
Filed Under: Blog, Buying Real Estate in the Seacoast Tagged With: , , , , , , ,
Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!

The REAL Skinny on the $8,000 Stimulus Teaser

February 26, 2009 By 1 Comment

$8,000 Tax Credit Information – Federal Housing Tax Credit

8000-tax-credit-sticky-note
By now, unless you’ve been living under a rock or just plain out of country, you’ve heard myriad details about President Obama’s “Stimulus Plan”.

Home buyers I’m working with in the Portsmouth NH real estate market area have been asking how and when they’ll get their $8,000 to help them buy a house.   Clearly all the reports have just muddied the waters for home buyers instead of clearing things up.

For buyers and sellers in the Portsmouth New Hampshire real estate market interested in learning the nuts and bolts of this $8,000 tax credit for home and condo buyers, here are the bullets of the plan:

  1. - for first-time home buyers or those who’ve not owned a primary residence in the last 3 years;
  2. – for the purchase of primary residences only, and for those purchased from Jan. 1, 2009 through December 31, 2009;
  3. - is an $8,000 TAX CREDIT, not money given to you for your purchase;
  4. - does NOT have to be paid back like 2008′s $7,500 tax credit.

The National Association of Home Builders has put together some great questions and answers on the Federal Housing Tax Credit that may help clarify other questions you might have on this tax credit.   Check it out for additional details.

If you’d like to read more information on the Federal Housing Tax Credit, additional provisions can be found here –>  Stimulus Law Provisions.


Are you ready to find that perfect home or condo? Today’s environment with great interest rates and lower home purchase prices makes this a fabulous time for most people to think about purchasing real estate.

Send me an email or give me a call, 1-888-349-5678 x 3839, and we can get started talking real estate and find you that perfect home or condo here in the Seacoast areas of NH and southern Maine!



Click here to search homes and condos for sale in NH and Maine
Contact Ann Cummings New Hampshire REALTOR View Featured Homes and Condos For Sale in the Portsmouth NH Area Check Out My Monthly Real Estate Newsletter - Ann Cummings

Click here to see all things real estate and community info for Portsmouth NH Area - Ann Cummings NH and Maine REALTORFollow Ann on Twitter!

Servicing the New Hampshire towns of Portsmouth, Newcastle,
Rye, North Hampton, Hampton, Stratham, Exeter, Greenland, Newington,
Dover, Durham and surrounding areas, and the Maine towns of Kittery,
Kittery Point, Eliot, South Berwick, York, and surrounding areas.
Filed Under: Blog, Buying Real Estate in the Seacoast, Mortgage Info Tagged With: , , , , ,
Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!

Looking For Foreclosure Bank-Owned Real Estate?

February 10, 2009 By 1 Comment

Portsmouth NH Real Estate – Foreclosure homes and condos – the calls keep coming!

foreclosure-sign

Portsmouth area home buyers – it seems like everyone is looking for foreclosure properties these days, thinking they’re going to get a great buy on a Portsmouth home or condo that would ordinarily be priced much higher.  Sure, there are some, SOME, good buys out there, but a word of caution about bank-owned properties (foreclosure real estate) – they often come with lots of baggage in the way of plenty of work needed.


foreclosure-house-resized
Real estate ends up becoming bank-owned because the previous owner, for any one of a number of reasons, was unable to pay their mortgage.  It also follows that they were unable to keep up on the maintenance on the home or condo as well.  Many times, those homeowners were doing remodeling work, and ran out of money, which leaves plenty of unfinished projects in the property.

From the time the property was actually foreclosed on until the time it gets listed on the market for sale, often months have gone by where no one was paying any attention to the property, in a sense abandoning it.  And if any of that time frame was during cold winter months, that means that there was no heat on and likely the house was not winterized.  Frozen pipes, ice dams, leaky windows, roof leaks, etc, are just the tip of the ice berg when it comes to the problems that often crop up in these types of properties.

A house deteriorates far quicker when there’s no one living there than if there was a house-full of people living there.  That’s just the way it is, and then when you throw in the weather elements and the effects that causes – well, let’s just say ‘BUYER BEWARE“.

If you have the skills and/or the financial means to have the needed work done, you can find some great buys on bank-owned foreclosure real estate, but you must have your eyes wide open and check the emotional aspect of residential real estate at the door.

  • Are you interested in exploring bank-owned real estate in the Portsmouth NH area?


Send me an email or give me a call, 1-888-349-5678 x 3839, and we can get started talking real estate and find you that perfect home or condo here in the Seacoast areas of NH and southern Maine!



Click here to search homes and condos for sale in NH and Maine
Contact Ann Cummings New Hampshire REALTOR View Featured Homes and Condos For Sale in the Portsmouth NH Area Check Out My Monthly Real Estate Newsletter - Ann Cummings

Click here to see all things real estate and community info for Portsmouth NH Area - Ann Cummings NH and Maine REALTORFollow Ann on Twitter!

Filed Under: Blog, Buying Real Estate in the Seacoast Tagged With: , , ,
Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!

Portsmouth NH Homebuyers – Stimulus $$?

February 8, 2009 By Leave a Comment

$15,000 for Portsmouth Home Buyers – Not Just Yet…..

Home and condo buyers in the Portsmouth NH area have been asking about the lastest version of the Economic Stimulus Plan.   And truth be told, the plan isn’t in place just yet.

It is, however, being worked on, and what we’ve been hearing certainly sounds good.  The $15,000 amount being talked about in this Stimulus Plan wouldn’t be a ‘loan’ as the first one that came out for $7,500, which had to be paid back.

The House has one version of this Stimulus Bill and the Senate has a different version, and therein lies a lot of work to get one that both the House and the Senate can agree on.   And then, once that happens, the President has to sign it and put it in place as a new law.

So, if you’re looking to buy a home or a condo in the Portsmouth New Hampshire real estate market, get your ducks in a row so you can be ready to take advantage of this new Stimulus Bill once it goes into effect.

To find out what you need to do to be ready, these posts will help you do that, and you can contact a local real estate professional to help you through the process.

Would you like information on the New Hampshire or Maine real estate market?
Do you have questions about the buying or selling process?
Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!


Click here to search homes and condos for sale in NH and Maine
Contact Ann Cummings New Hampshire REALTOR View Featured Homes and Condos For Sale in the Portsmouth NH Area Check Out My Monthly Real Estate Newsletter - Ann Cummings

Click here to see all things real estate and community info for Portsmouth NH Area - Ann Cummings NH and Maine REALTORFollow Ann on Twitter!

Filed Under: Blog, Buying Real Estate in the Seacoast, Mortgage Info Tagged With: , ,
Would you like information on the Portsmouth New Hampshire real estate market? Do you have questions about the buying or selling process? Give me a call at 1-888-349-5678 x 3839 or send me an email and let’s talk real estate!
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