March 11, 2010

Last Chance for Tax Credit Savings

Posted by Caryn Best in News

iStock_000005410463XSmallWith 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…)

February 22, 2010

January NEFAR Market Statistics May Surprise You!

Posted by Sherry Davidson in News

Sherry DavidsonIf 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…)

February 10, 2010

Take Advantage of The Tax Credits Before April 30th!

Posted by Sherry Davidson in Events, News

Young couple planning their household expensesMy daughter just closed on her first home in January. She got a great deal on a short sale in St. Augustine. I helped her file her tax return last week and it is amazing that she will receive a check for $8,000 from the Internal Revenue Service due to the first-time homebuyer tax credit.

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.

There are only two other considerations:

1. The home you purchase must be $800,000 or less. (more…)

February 5, 2010

ICI Homes’ Sales Strong in 2010

Posted by Alayna Oram in News

Don_Wilford_Picture[1]Since Davidson Realty recently listed ICI Homes’ properties in Palencia, I decided to pop my head into Don Wilford’s office and say hi. Don is a third generation builder who started with ICI Homes as a construction manager over 30 years ago. He worked his way up to ICI’s North Florida Division President. Needless to say, he has experienced many changes in the real estate market over the years. He has seen it up and he has seen it down…so I value his opinion on the state of the market!  

When I asked Don how he was feeling about the market,  he shared he believes new construction prices have bottomed out and are starting to go up slightly. He said new construction will not go lower and he predicts that construction costs will rise at least 10% by the end of 2010. Many consumers must agree because there has been an increase in sales activity. ICI sold 10 homes in January – and six of them were new builds with an average price of $500,000. This means ICI sold more new builds in January 2010 than they did in all of 2009! (more…)

January 26, 2010

Free Webinar Series Features a Different Topic Each Thursday in February

Posted by Caryn Best in Events, News, Webinars

A different topic will be covered each Thursday at 11:00 a.m. in the free Davidson Webinar Series this month. Browse the interesting topics below and reserve your spot now.  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:

Repairing Your Credit Score: Feb. 4, 2010 at 11:00 a.m. EST
Register at https://www1.gotomeeting.com/register/285106673
Jim Young, Jr., Mortgage Consultant for Southeast Mortgage joins Sherry Davidson, President of Davidson Realty, to discuss “Repairing Your Credit Score.” The webinar will cover how to read your credit report, identifying errors, disputing errors, and
quick ways to improve your score.

Golf Course Communities: Feb. 11, 2010 at 11:00 a.m. E.S.T.
Register at https://www1.gotomeeting.com/register/247084873
Join Billy Peterson, General Manager of Honors Golf, and Davidson Realty Agent Jock Ochiltree, and Davidson Realty President Sherry Davidson to learn about golf course communities. Membership information and comparisons, course design, lifestyle and value will be discussed in this presentation. (more…)

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