Becky Babcock's Blog

April 30, 2010 is the deadline for first time buyers and move up buyers to have a contract on a home and be eligible for tax credits!  Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold as a principal residence for five consecutive years within the last eight years will qualify. To qualify as a first-time home buyer the purchaser or his or her spouse may not have owned a residence during the three years prior to the purchase. Each home buyer’s tax credit is determined by two factors, the price of the home and the buyer’s income. 

Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close to be eligible for the credit. The buyer does not need to repay the tax credit, if the buyer occupies the home for three years or more. However, if the property is sold during this three year period, the full amount of the credit will have to be repaid on the sale.

For more information on these tax credits, consult with your CPA or tax attorney.  You may visit www.BeckysRealEstate.com/library.html and read more about this topic in the 2010 Home Buyer Tax Credit document.

I love the new iPhone app from Realtor.com.  It has a GPS enabled feature to search nearby homes.  

Technology has made real estate more efficient and smart.  My listing presentation has an entire section just showcasing some of the technology I use.  It helps my team do a better job for our buyers and our sellers!

The ERA corporate office just notified me that my team has ranked in the top 10 for ERA’s 20,000 agents nationally!  Thanks to all my clients and to all the agents who we had the opportunity to co-op with in 2009!  I am blessed to work with great team members who put our experience, energy, and enthusiasm to work for our clients!

Just turned in sales for last year and had $25 million (110 sales) in sales in 2009, compared to $24 million(94 sales)  in 2008!  Watch out 2010!  It is already starting out great for our team.  Check us out at www.BeckysRealEstate.com.