Friday, February 19, 2010
Here are some basics to know about the new tax credit. Please feel free to call me if you have any questions!
FIRST-TIME BUYERS who have not had interest in a principal residence for three years are still eligible, and the maximum amount remains the same – $8,000 (or $4,000 for married couples filing separately).
LONG-TIME HOMEOWNERS may be eligible to claim the homebuyer credit if they meet certain criteria and can show they owned their primary residence for a consecutive five-year period during the eight years ending on the date the new home is purchased. The long-time homeowner tax credit is up to $6,500 (or $3,250 for married couples filing separately).
DETAILS. Qualifying buyers must sign a purchase agreement by April 30, 2010, and close before July 1, 2010. The tax credit may not be used to purchase a home for more than $800,000. Vacation homes are ineligible. The income limits to earn the maximum for both tax credits have been raised to $125,000 for single buyers and $225,000 for married couples filing jointly.
For more details, please either contact us or visit this page.
Friday, February 19, 2010
Billy Corrigan Home Selling for Pumpkins on the Dollar
Gold Coast home of Smashing Pumpkin’s Billy Corrigan is now listed for more two million less than its initial listing price from back in September of 2008. The 3700 square foot, two bedroom, two-and-a-half bath occupies a full floor and can now be yours for the low price of $3.55 million!
See the Virtual Tour Here
View Story Here
Blackhawk Buys in Roscoe Village
Looks like I have a new neighbor! At least from my office. Blackhawk’s Tony Brouwer and his wife buy a Roscoe Village condo. Welcome to the neighborhood!
Read the Story Here on Deal Estate
Ferris Bueller Home Still on the Market
The Ferris Bueller Home, or rather the house where Cameron had his huge meltdown in the movie Ferris Bueller, is still on the market. It’s been on for over nine months, and has been reduced $500,000 from its initial asking price. It’s now on for a cool $1.8M. Check out the virtual tour. It’s really cool space!
See the Virtual Tour Here
Al Capone Two-Flat Fails to Supply a Demand
The owners of Al’s former two-flat are still hoping to capitalize on his name to get a good price. The home has been listed for almost a year at a $450K asking price. It’s a tough sell though. There are about 70 two-flats for sale in this neighborhood with an average asking price of $120K. The next lowest is nearly half its price at $270K.
Open House at Tony Rezko’s!
Speaking of the infamous, convicted political fundraiser Tony Rezko’s former thirty room, nine bedroom estate with nine bathrooms and three half bathrooms is on the market for $3.5879M. The mansion boasts a whopping 8596 square feet.
View Story Here
Cedric Benson Set to Take a Hit
Former Bear Cedric Benson’s Libertyville home on the market for more than $100K less than the original purchase price.
Read Story Here