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Monday, February 1, 2010
Victorville Home for Rent 3/2 Bath $950
Victorville Home for Rent 3/2 Bath $950
Located on a ½ Acre Lot with a huge deck that's perfect for the BBQ and family gatherings, this home features a spacious floor plan that includes a formal dining room and living room with a fireplace! The Master Bedroom boasts a Walk-In Closet.
Indoor Laundry hook-ups, Stove, Dishwasher, Central Heating and New Air Conditioner further compliment the home. Pets OK. CALL NOW!
Click Here to View Home
Indoor Laundry hook-ups, Stove, Dishwasher, Central Heating and New Air Conditioner further compliment the home. Pets OK. CALL NOW!
Click Here to View Home
Tuesday, January 19, 2010
Claiming Your Homebuyer Tax Credit - Long Process
Taxpayers taking advantage of the $8,000 first time home buyer credit or the new $6,500 home purchase credit for existing homeowners have been waiting for the IRS to post an updated home purchase credit form on its website for months. Now that the IRS has posted the revised Form 5405 on irs.gov, eligible taxpayers can now start claiming their home buyer tax credits.
Revised Form 5405 & Proof Needed for Federal Tax Credit
Anyone who wishes to claim a federal tax credit for home purchase should first fill out Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. Then, they should attach one or more documents as proof of a qualifying purchase.
Documentation Needed for First-Time Home Buyers
First-time home buyers must provide the IRS with proof of purchase. The IRS indicates that one of the following documents must be attached in order for a federal tax credit for home purchase to be processed correctly:
•Copy of Form HUD-1 (Settlement Statement) or similar document that shows all parties’ names and signatures, the property address, sales price, and date of purchase.
•Copy of the executed retail sales contract (in case of mobile home purchases) that shows the same information.
•Copy of the dated certificate of occupancy (in case of new construction) that shows the owner’s name and property address.
Additional Proof Required for Existing Homeowners
The Worker, Homeownership, and Business Assistance Act of 2009 (H.R. 3548) not only expanded the first-time homebuyer tax credit, but also opened up a new $6,500 tax credit for existing homeowners.
Existing homeowners are eligible for a $6,500 tax credit if they have lived in their old house for five consecutive years out of an eight-year period ending on the purchase date of the new house. In addition to the documentation requirement above, taxpayers who fall into this category must also provide proof of the five-year residence with mortgage interest statements, property tax records, or homeowner’s insurance documents.
Important: Anyone who wishes to claim a first-time or existing home buyer tax credit must file paper returns because certain paper documents must be attached to the returns as proof of purchase.
New Home Buyer Tax Credit – Downloading 2009 Form 5405 Instructions
Unlike previous versions of the document, the instructions for revised Form 5405 come in a standalone PDF document. Revised Form 5405 (otherwise known as the “2009 version,” or “2009 Form 5405”) is available separately.
Here are direct links to revised Form 5405 and its instructions:
Revised Form 5405 & Proof Needed for Federal Tax Credit
Anyone who wishes to claim a federal tax credit for home purchase should first fill out Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. Then, they should attach one or more documents as proof of a qualifying purchase.
Documentation Needed for First-Time Home Buyers
First-time home buyers must provide the IRS with proof of purchase. The IRS indicates that one of the following documents must be attached in order for a federal tax credit for home purchase to be processed correctly:
•Copy of Form HUD-1 (Settlement Statement) or similar document that shows all parties’ names and signatures, the property address, sales price, and date of purchase.
•Copy of the executed retail sales contract (in case of mobile home purchases) that shows the same information.
•Copy of the dated certificate of occupancy (in case of new construction) that shows the owner’s name and property address.
Additional Proof Required for Existing Homeowners
The Worker, Homeownership, and Business Assistance Act of 2009 (H.R. 3548) not only expanded the first-time homebuyer tax credit, but also opened up a new $6,500 tax credit for existing homeowners.
Existing homeowners are eligible for a $6,500 tax credit if they have lived in their old house for five consecutive years out of an eight-year period ending on the purchase date of the new house. In addition to the documentation requirement above, taxpayers who fall into this category must also provide proof of the five-year residence with mortgage interest statements, property tax records, or homeowner’s insurance documents.
Important: Anyone who wishes to claim a first-time or existing home buyer tax credit must file paper returns because certain paper documents must be attached to the returns as proof of purchase.
New Home Buyer Tax Credit – Downloading 2009 Form 5405 Instructions
Unlike previous versions of the document, the instructions for revised Form 5405 come in a standalone PDF document. Revised Form 5405 (otherwise known as the “2009 version,” or “2009 Form 5405”) is available separately.
Here are direct links to revised Form 5405 and its instructions:
Revised IRS Form 5405 (2009 version)
Instructions for Revised IRS Form 5405
Obama Tax Stimulus – $6,500 & $8,000 Home Buyer Tax Credit Form
Currently, the old version of Form 5405 is no longer available on the IRS website. The 2009 version of Form 5405 should be used to claim tax credits for house purchases made in 2009 or 2010 (filed with original or amended 2008 or 2009 tax returns).
Assuming no changes are made to the form between now and the next filing season, this same form may also be required for home buyer tax credits claimed on 2010 tax returns.
New Form for $8,000 & $6,500 Tax Credits – Processing Delays
In a January 15, 2010 announcement (IR-2010-006), the IRS indicated that tax returns with attached Forms 5405 would be processed beginning sometime in mid-February 2010. The IRS mentioned a need to first test its systems for compliance with new tax laws and make sure important fraud detection systems were in place before any home buyer tax credit forms are processed. Anyone who files their return with attached Form 5405 and proof needed for the federal tax credit should expect any anticipated refund to be delayed while the IRS double-checks its systems.
Saturday, January 16, 2010
Riverside Home for Sale - Just Fell Out of Escrow
Looking for a home in the Riverside Real Estate market?
Property Description:
BEAUTIFUL HILLSIDE 2 STORY HOME WITH A COUNTRY ATMOSPHERE IN THE MIDDLE OF THE CITY W/VIEWS OF MOUNTAINS HILLS AND CITY LIGHTS. THIS HOME FEATURES 4 BEDROOM AND 3 BATHS, 1 BEDROOM & 1 FULL BATH DOWN, FORMAL DINING ROOM & LIVING ROOM, FAMILY ROOM PLUS DINING AREA, LIVING ROOM WITH FIREPLACE, AND POSSIBLE RV PARKING. APPROVE, APPROVE SHORT SALE. BUYER'S DID NOT GET LOAN. BEST OFFERS WILL BE SUBMITTED HURRY!!!!!!!
View this property: Riverside Home for Sale
Wednesday, January 6, 2010
1720 OLD BRIDGE Road - Riverside Home for Sale
Looking for a luxury home in the Riverside Real Estate market?
Property Description:If you love to entertain...this is it! This custom, one story Spanish style home features Spanish pavers throughout, open beam ceilings, three fireplaces, extra large laundry room, formal dinning room with built-in cabinet, Spanish tile counters in the circular kitchen, bar looking out to the pool area and a fabulous master retreat with his and her closets overlooking a private courtyard area with jacuzzi. Situated on approximately two acres this property as the feels like your own private resort...with a tennis court, corral/arena and tack room, custom rock pool with slide, barbeque area with separate dinning patio overlooking the pool, rose gardens, fruit trees, as well as room for a large RV. The oversized three-car garage has a large storage area across the back as well as plenty of storage in the laundry room which has it's own door to the pool area. This is a one of a kind home....
View this property: Riverside Home for SaleMonday, January 4, 2010
Interviewing Tips Before Hiring a Real Estate Agent - Questions to Ask
Buying a house is one of the biggest purchases you will ever make in your life. In view of that, as a home buyer, you need to choose an experienced real estate agent that can help make the job of buying a home as stress free as possible. Not all real estate pros are the same. It is important to interview a Realtor you can trust and can solve difficult problems if they happen. Here are a few suggested questions every buyer ought to ask a real estate agent before hiring them:
Joey Dodge is a Southern California real estate broker. For up to date real estate news, visit his Riverside Real Estate or San Diego Real Estate site.
- How long have they been licensed as an agent?
An unproven real estate agent may be fine for uncomplicated purchases, like condos or townhouses. However, for most purchases, you want to find a real estate professional that has a minimum 5 years of experience. Obtaining a real estate salesperson license is pretty simple. Being with the business for at least five years isn't and shows a strong commitment to the real estate profession.
- Does the Realtor do this as a part-time or full-time occupation?
While all real estate agents have to start somewhere, working with a part-time Realtor may not be your top pick. Part-time real estate agents have other obligations that can get in the way of giving you full-time attention
- Does the Realtor seek continuing education or have any certifications or college degrees?
Although designations and college degrees are not needed, there are not very many real estate agents that have industry designations or a college degree. Obtaining one or the other, or both may show the agent's commitment to their profession.
- How available is the real estate agent?
Does the Realtor maintain office hours? Can you call them at home? Do they quickly respond to emails? Buying a home can be a nerve-racking experience. With lots of surprises along the way, you'll want an agent that's easily reachable if you need to reach them.
- Take note if the Realtor is good listener.
Do they butt in before you've finished a sentence? There's nothing worse than wasting time looking at houses you have no interest in since the real estate agent has not listened carefully to your requests.
Joey Dodge is a Southern California real estate broker. For up to date real estate news, visit his Riverside Real Estate or San Diego Real Estate site.
Sunday, January 3, 2010
Condo for Sale - 3550 SEAHORN, SAN DIEGO , 92130, CA
Looking for a luxury home in the San Diego Condo market?
Property Description:Great one level condo in a parklike setting area. Perfect start for new families. Two bedrms with two bathrms. Newer tile flooring and kitchen with granit counter top. Two Car garage.Beautiful floorplan, nice and spacious. Bedrms with walking closet. Association pool & spa .
View this property: San Diego Condo for Sale
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