DR Horton Prices Starting under $140,000

D R Horton has set the prices for their new homes in Venetian Bay. D R Horton has over 100 lots in Venetian Bay, Savona North and South areas. The 3 bedroom 2 bath single family homes in Savona North will start at 1416 square feet for $139,990. Other models will include single and two story homes with 3 and 4 bedrooms. All homes will have a rear entry garage. The 1660 square foot model price begins at $146,990. The 1903 square foot model will begin at $155,990 and the 2180 square foot model begins at $174,990. D R Horton pays closing cost and 100% USDA financing will be available. As always, contact me, BILL HELLUMS, REALTOR® at 386 760 7607 to receive an even lower price on your new home.

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

Will the Administration Bring Back the Homebuyer Tax Credit?

Home sales during the month of July were worse than expected and the buzz about a possible revival of the federal homebuyer tax credit has begun.

I meet with Gov. Charlie Crist, who is running as an independent for a Florida Senate seat on Friday evening, and asked him if he would be in favor of bringing the Tax Credit back. Gov. Crist responded that he would support bring the credit back and that it would be a big boost to the Florida economy.

On Sunday's CNN’s “State of the Union” program, Housing and Urban Development Secretary Shaun Donovan said.

“The July numbers were worse than we expected, worse than the general market expected, and we are concerned,....We’re going to continue to make sure folks have access to home ownership,” When asked about the First Time Home Buyers credit, he said “All I can tell you is that we are watching very carefully,” “We’re going to be focused like a laser on where the housing market is moving going forward, and we are going to go everywhere we can to make sure this market stabilizes and recovers.”

Gov. Crist, also on the program said a reinstatement of the homebuyer tax break “would be a great lift” and “would stimulate the economy…[and] increase home sales in Florida.”

“People are hurting, and they’re looking for answers. And that would be a good one. I would absolutely encourage the president to support [another homebuyer tax credit],” Crist told CNN.

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

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/