Posts tagged as:

tax benefits

123 Lakeshore Drive #2242, North Palm Beach, FL Get Directions Click Here Description Photos Maps & Local Schools $ Click for current price 2 BEDROOMS 2 BATHROOMS (2 full) 1562 Square Feet Stunning modern lower penthouse residence in this exclusive gated enclave. 9′ ceilings and a perfect layout highlight the breathtaking water views of the […]

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Another Boost to Florida Real Estate

by Rodney Forbes on June 30, 2009

Starting July 1st, qualified first time home buyers will be able to use the federal tax credit of up to $8000 as part of their up front costs for buying a home. Until now the tax credit could only be received after the buyers had closed on the home, and then filed their taxes. This […]

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$8000 Home Buyer Tax Credit Explained

by Rodney Forbes on June 30, 2009

I get asked questions every day about the $8,000 First Time Home Buyer Tax Credit. Who qualifies, what’s the income limit, when do I get the money, what can I use it for. The following article excerpt explains most of the details pretty well. According to Keystone Custom Homes, first-time buyers need to be aware […]

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Down Payment Assistance Nobody Knows About

by Rodney Forbes on June 29, 2009

With the real estate market in south Florida still trying to recover, so much attention has been given to the $8000 First Time Home Buyer Tax Credit. It certainly has helped with getting many buyers off the fence to take advantage of affordable home prices and low interest rates. So much attention has been given […]

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First Time Buyers….Read This!

by Rodney Forbes on May 30, 2009

If you’re a first time home buyer you need to read this. I’ve been predicting for some time now the federal government would allow the First Time Home Buyer Tax Credit to be applied for up front costs. The Federal Housing Administration rolled out details of its policy Friday that will let first-time home buyers […]

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In a story that continues to go back and forth, it seems first time home buyers will be able to use the $8,000 federal tax credit for up front costs including down payment. Until now the tax credit could only be claimed when filing taxes. The tax credit has been partially responsible for a rise […]

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Flash! First Time Home Buyers Get $8000 Today

by Rodney Forbes on April 30, 2009

The following article from the Wall Street Journal has me scratching my head. By now, most people know about the $8,000 first time home buyer tax credit (contact me to see if you may qualify). What shocked me is that evidently the IRS is allowing people to claim the tax credit, yes $8,000 in your […]

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Clark Howard Buying = Real Estate Market Bottom!

by Rodney Forbes on April 14, 2009

Embedded video from CNN Video This video is a great example of what bargains are out there for home buyers, especially first time home buyers. Foreclosures and short sales make up the majority of pending home sales in the Palm Beach Gardens and the Palm Beach County area. I bought my first home in the […]

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Real Estate Market Update West Palm Beach FL

by Rodney Forbes on April 11, 2009

Rodney Forbes with Forbes Realty of South Florida discusses the real estate market conditions in West Palm Beach Florida for the week of April 6, 2009. Of the pending sales, 60% are short sales and bank owned properties. Buyers are responding to low interest rates, prices that are below 2004 levels and government stimulus efforts […]

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The following excerpt is courtesy of Inman News Wells Fargo & Co. reported “exceptionally strong mortgage banking results” Thursday, saying it originated more more than 450,000 loans totalling upward of $100 billion during the first quarter. The strength in mortgage lending helped Wells Fargo boost projected net income for the quarter to a record $3 […]

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