With the home buying tax credit set to expire April 30th, there’s no time to waste to find out if YOU qualify for this once-in-a-lifetime opportunity. From now through April 17th, Davidson Realty is holding Tax Credit Open Houses each Saturday where on-site experts will help you determine how much Tax Credit you may qualify for. Stop by on Saturday anytime between 10:00 am and 2:00 pm and we’ll explain the $8,000 tax credit for first time buyers and the $6,500 for current home owners; answer home buying questions; pre-qualify people for loans; and review area communities as well as individual homes.
The Worker, Homeownership, and Business Assistance Act of 2009 extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers. If you purchase a home by April 30, 2010 and close by June 30, 2010, you may qualify for one of the two available tax credits. The first-time homebuyer credit is for buyers who have not owned a home during the last 3 years. The other credit is for current homeowners who have used the home they are selling or vacating for 5 consecutive years within the last 8 years. The credit is 10% of the purchase price of the home up to $8,000 for first-time homebuyers and $6,500 for current homeowners. (more…)
This month, Mirtha Barzaga led the pack being named Top Producer and Top Sales Agent! With 3 transactions, her sales totaled over $1.2 million and she closed over $850,000. Mirtha’s success is a direct result of her hard work and commitment to her customers – she even worked on Christmas to help her customers buy their dream lot in the King & Bear. In this economy, hard work should be rewarded and Mirtha deserves the praise!
It’s no surprise that Lyn Sappington was named Top Lister in February! Her professionalism and talent has continued to put her on the tops lists month after month. In February, she sold 2 listings totaling over $500,000. We have no doubt that she will continue to impress!
To see a list of the whole Davidson Realty team please visit http://www.davidsonrealtyinc.com/our-team/davidson-realty/
Florida is one of the states hit very hard by residential foreclosures. We had over 13,000 foreclosure filings in the Seventh Circuit Court (for Flagler, St. Johns, Putnam and Volusia Counties) in 2008 and over 16,000 filings in 2009.
A task force was formed to address the crises and they identified lack of communication between the parties as the most significant issue. The Florida Supreme Court addressed this issue by requiring mediation in all foreclosure cases involving homestead property unless the parties agree otherwise or have already participated in mediation.
The mediation will be handled by a Florida Supreme Court certified mediator appointed by the Court. The costs of the mediation will be paid by the lender and the total cost may not exceed $750. The plaintiff (lender) must have a representative who has full authority to settle at the mediation but they may appear by telephone or other electronic method. (more…)
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Davidson Realty’s free webinar series will feature important information for renters and homeowners alike in March. Webinars are online seminars open to the public. You only need a computer to log-on and attend the webinar of your choice from the comfort of your office or home. The web-based seminars last 20 to 40 minutes followed by a question and answer session. Each webinar is lead by Davidson Realty, Inc. President Sherry Davidson, along with a subject expert. The following presentations will be offered:
For Renters: Protecting Yourself in the Event of a Foreclosure
March 4, 2010 at 11:00 a.m. EST
Register at https://www1.gotomeeting.com/register/780681256
Elsie Evans of Davidson Property Management, along with Davidson Realty President Sherry Davidson explains the affect a foreclosure can have on tenants and how to protect yourself as a renter.
Home Appraisals in Today’s Market
March 18, 2010 at 11:00 a.m. E.S.T.
Register at https://www1.gotomeeting.com/register/428249121
Join Todd Oakes, co-owner of Accredited Appraisal Assoc. of Northeast Florida, Inc.,
and Davidson Realty President Sherry Davidson to hear the latest about
appraisals in the current real estate, including tips and advice for making sure your
home is valued fairly.
If you missed a previous webinar, check out our webinar library. Log on to http://www.davidsonrealtyinc.com/webinars.
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If you have been reading my market analysis for the last few months, you probably think you can skip this one because I have been saying the same thing over and over. Well this month brings a few surprises.
My first surprise is that closed sales for January 2010 were about 40% less than December 2009. There were 1,316 closings in November, 1,365 in December and 834 in January.
This looks like very negative news, but I believe the reason for the decline in closings was mainly due to short sales. We saw lenders approving and closing short sales in December to get them closed by year end. Maybe the holidays were also a factor, but we did not see any short sales making it through the process in January. (more…)
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