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IRS clarifies what's needed to claim tax credit |
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The IRS clarification says: "In areas where signatures are not required on the settlement document, the IRS has clarified that it will accept a settlement statement if it is completed and valid according to local law. The IRS encourages those buyers to sign the settlement statement prior to attaching it to the tax return.
For repeat buyers, the IRS is seeking documentation that home buyers have lived in the previous property for a consecutive five of the past eight years. Proof can include property tax records, home owner insurance records, or mortgage interest statements. Source: Wall Street Journal |
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Foreclosure bargains getting harder to find |
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Home buyers hoping to snag a really good deal on a foreclosed home are finding it increasingly difficult because supply is shrinking.
The number of foreclosures that are available for sale nationwide fell to 617,000 in December, down from 845,000 in November 2008, reports Barclays Capital. Not only have attractive homes in popular neighborhoods already been snapped up, but also government help for distressed buyers is delaying more foreclosures. Demand is driving up prices. Investors say typical prices have climbed from 75% of appraised value to 85% or higher when there are bidding wars. Source: The Wall Street Journal |
Cincinnati local Contractors listHere is a list of local contractors and other professionals that can help sellers and Buyers alike. If you have any questions or are looking for another service, give us a call. Our years of experience in this market have allowed us to build quite the network of professionals to help you get your home in tip top shape for sale, or to spend years and years in. |
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Home Sales Up 6 Months in a Row |
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Here are 3-4 Good Reasons to Buy Now
Click Here for the article. |
Cincinnati Utility Companies
Here's a list of the local contents that any buyer or seller can use! Check here for the contact info for you local telephone, cable, trash, or water right here. Feel free to contact us directly if you need any other info! (And we'll add it to the site) |
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