Archive for the ‘Real Estate’ Category

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February 25th, 2010 By: Richard


Post image for What Documentation Do I Need To Claim The First-Time Homebuyer Tax Credit

If you’re planning on claiming the First-Time Homebuyer Tax Credit on your 2009 tax return you’re going to have to provide some extra documentation when filing.

Not sure what documents you’re required to include?  The IRS has provided some guidance on the topic.

Required Documentation For The Homebuyer Tax Credit

The IRS includes these tips on their site as to what you’ll need to include in order to claim the tax credit.

  • Settlement Statement: Purchasers of conventional homes must attach a copy of Form HUD-1 or other properly executed Settlement Statement.
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  • blog traffic exchangeWhy The Tax Credit For First Time Home Buyers May Be A Bad Deal For You. Many people who have been waiting to trade up to a bigger house have used the $6,500 homebuyer tax credit as a reason to finally make the move, but that may not be the best idea. On the surface, it seems like a perfect time to buy a new home......
  • blog traffic exchangeAmerican Recovery & Reinvestment Act Benefits For 2009. Thanks to my trusty T. Rowe Price monthly newsletter for putting all the information I was wondering about in one place! The 2009 American Recovery & Reinvestment Act, designed and implemented to try to help get America moving forward again, has a bunch of different aspects to it that help......
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February 8th, 2010 By: Richard


Post image for Non Financial Considerations Of Selling Your Home: Should You Sell Your House?

As a reminder, this is the second post of a two post series helping you answer the question:  Should you sell your house?

The first post looked at the financial considerations of selling your house.   I discussed costs in selling and buying, interest rates, whether or not selling will help you get out of debt sooner, how long you’ve been in the house and the current tax credit consideration.

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  • blog traffic exchangeQuestions to Ask Your Realtor When Buying a Home When buying a home, the questions that you ask your realtor are extremely valuable. Your realtor is assisting you with what will perhaps be your greatest financial asset, so it is important to be sure that the decision is in your best interest. The following are questions you should ask......
  • 10 Ways to Make Money without Spending a Dime. There’s not one of us who would enjoy having a little bit of extra money in our checking accounts at the end of the month. We don’t get part-time jobs because it will take away the little precious time that we do have for ourselves, and we don’t start part-time......
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February 2nd, 2010 By: Richard


Should You Sell Your House

With the turn of the new year many people are considering selling their house and looking for a new one.  They ask, “Should I sell my home, or is it the right time to sell?”

Traditionally speaking, early in the year has been a good time to put your house on the market.  After the holidays buyers are typically out on the market looking for houses.  But even if it’s not the beginning of the new year, spring will soon be upon us and the market will pick up with potential buyers looking for the right house, at the right location and the right price.  So, if you’re considering selling your house, is it the right decision?

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  • blog traffic exchangeImproving Cash Flow vs. Accumulating Wealth When it comes to personal finance, most people are very familiar with the concept of cash flow. They know that their monthly pay represents cash flow in and checks written and automatic draft payments each month are cash flow out. As long as cash flow remains positive (the more positive......