My 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…)
![Don_Wilford_Picture[1]](http://www.davidsonrealtyblog.com/wp-content/uploads/2010/02/Don_Wilford_Picture1-200x300.jpg)
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…)
I just posted a blog recognizing all of our agents’ accomplishments in 2009, but we have to talk about our staff and how great our awards banquet was this year!
We put together a silent auction for the event and almost every agent and staff person donated something – we got a variety of services and gifts. The most popular items weren’t the IPOD or Flip Mino Video camera; they were dinner at Pauline and Woody Cake’s house, a day of skeet shooting with Jim and Sherry Davidson, and a Cuban dinner for 4 at Ed and Candy Gil’s. It just shows how much we really are a family at Davidson, where we actually want to spend time together outside of work!
Every item given was claimed and it was really cool that people donated things that meant so much to them, like Shirley Barber, Master Gardener, donating a beautiful Agave Parryi plant or Juana Husted giving an amazing framed photograph she took in Australia. What a great night!
I mentioned before that Davidson Realty’s goal is to “Value People First…Before, Over and Above Everything Else”, which is why Rick Pariani took home the award for “Most Exemplifies our Core Values”. LizAnne Rung always “Values People First” and Cindy Vaughn and Mattie Zebendon go “Above and Beyond” for The Davidson Companies. (more…)
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