New Builder is coming to Venetian Bay

D. R. Horton is coming to Venetian Bay. They have bought the land previously owned by KB Homes. They are a great builder and their homes are very reasonably priced. They currently are selling 3 bedroom 2 bath homes in Port Orange in the $150,000 price range. They will be a welcome addition to our community. I have a good working relationship with D. R. Horton and look forward to helping my clients obtain the best deal on a new home purchase.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Time is running out for the First Time Home Buyer Credit

We only have 15 days left for the First Time Home Buyer Credit. There is still time to get a contract by the end of the month and close by the end of May, but time is definitely running out.

Most of the homes on the market right now are short sales and bank owned foreclosures, and there is no way to guaranty you will be able to meet the deadlines on these homes.

The best bet is with a new construction home, the problem with this is most builders stopped building spec homes when the market started going bad, so builder inventory is very small.

The other option is conventional sales, you remember those, that is where an individual places their home on the market and a buyer can negotiate a price without 3rd party approval from a bank.

Whichever route you chose, always have a Realtor on your side tor represent your interest. Call me today to find the home of your dreams.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Buying Property with your IRA

Did you know you could buy Real Estate with your IRA? Housing prices are low, and now is a great time to scoop up a great bargain that will return a regular monthly dividend, in the form of a rental check to your retirement portfolio.
If you don't have enough money in your IRA, you can buy a percentage of a property. For instance, if you and your spouse each have $100,000 in your IRA, you could each buy 50% of a $190,000 house and still have $10,000 to cover expenses.
Not only will the value of the property likely increase, you will also be increasing the value of your IRA with the monthly rental income. And if you are using a Roth IRA, it will be all tax free income when you retire.
Call me today to discuss this great opportunity to take advantage of the low housing prices.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Venetian Bay Auction Part 3

The Auction is just 2 weeks away, there have been 5 contracts written on the purchase of townhomes and condos since the pre-auction started. This enables buyers to lock in the price and take that unit off the market before the auction begins. It is a win win for both the buy and the builder.
If you are looking to join in on the auction make sure you preregister with me by sending me an E-mail. You will also need a cashiers check payable to yourself for $10,000 on the day of the auction.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

First Time Home Buyer Extended for U.S. Military

The House of Representatives voted 416 to 0 to pass the Service Members Home Ownership Tax Act of 2009, which pushes the credit's current November 30 deadline back an additional year for members of the military, Foreign Service, and intelligence corps who served at least three months of qualified overseas duty in 2009. The next step is to pass the Senate and then to be signed by the President.
Extending the First-Time Home Buyer Tax Credit for everyone else is high on the Democratic Congressional to-do list. After meeting with President Obama and House Speaker Nancy Pelosi (D-Calif.), Senate Majority Leader Harry Reid (D-Nev.) released a statement that the government should “continue efforts to strengthen the housing market by extending the home buyer tax credit.”
Mark Zandi, chief economist at Moody’s Economy.com, who is a consultant to Democrats in the administration and Congress, is advocating extending the credit and making it available to all home buyers. Opening it up to all home buyers would really help the housing market. Although it would cost the government a lot more money to fund, it is not nearly as much as we the tax payers have given to the big banks and their CEO's. This would give money back to the people who really drive the economy, the American home buyer.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Why Are My Florida Property Taxes Going Up?

The proposed property tax notices are out and if your home is Homesteaded, you may be paying more in taxes. The reason for this is the millage rate has increased and the assessed value is still lower than the market value on your home. So even though the value of your home has dropped, it has not dropped below the assessed value. For example: if the assessed value for your home last year was $200,000 and your millage rate was 19, then your tax bill was $3,800. This year, your assessed value remained at $200,000 but the millage went up to lets say 22, then this year's tax bill will be $4,400.
The reason the Taxing Authorities have raised the millage, is because the values of all the properties in Florida have gone down. Unlike most of us, when we have less money to spend we lower our budget, rather than lowering their budget, they are increasing our taxes. I guess they can't figure out that we are in a recession, income has remained level at best. The truth is that if we are lucky enough to still have a job, we have probably lost income.

Florida has legislation stating that the proper “measuring-stick” for taxing authority growth, from year to year, is the “Per Capita Income (PCI) Index + Growth” (meaning annual growth in newly constructed properties). Clearly the Taxing Authority's spending far exceeded increases in the personal income and the growth of newly constructed properties.

Our only recourse is to attend the public meetings and make our voices heard.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Will the $8000 First-Time Buyer Tax Credit be Renewed?

The $8,000 First-Time Buyer Tax Credit expires Nov. 30, there are Bills pending in both the U.S. House and the Senate to extend or revise the credit.
Senate Majority Leader Harry M. Reid of Nevada favors an extension of the current credit. He was quoted by the Las Vegas Sun saying, "It's something we can get done."
Connecticut Democratic Senator Christopher J. Dodd, chairman of the Senate Banking, Housing, and Urban Affairs Committee, is co-sponsor of a bill with Georgia Republican Senator Johnny Isakson that would raise the credit amount to a maximum of $15,000. I don't think this is going to fly, but an extension is possible.
As I have said before, a bird in the hand is worth more than two in the bush. If you are planning on buying a home and you can close before Nov. 30th, I recommend you do so. Home prices are low, interest rates are low, it is a buyers market and we don't know what our leaders in Washington are going to do for sure.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/