Friday, July 2, 2010
Obama expected to sign Bill to extend First Time Homebuyer Tax Credit Deadline
The Senate has passed a bill extending the timeline for first time home buyers to close and still qualify for the tax credit. With Obama's signature the deadline to close will be extended from June 30, 2010 to September 30, 2010. The deadline for buyers to get into a purchase & sales contract was April 30th, 2010 so this extension only applies for those currently under contract who met this first deadline but are waiting to close.
Thursday, June 24, 2010
Correction to First Time Home Buyer Extension
CORRECTION - I was informed that the first time home buyer extension may not have been passed yet. The source said they would be voting on it today. Leahy's office stated that it has but seeing this is conflicting, we don't want to mis-inform. At this point we are waiting for answers and will update you as soon as we hear more! Sorry for the confusion.
Tuesday, June 22, 2010
First Time Home Buyer Deadline extended!!
Great News for 1st Time home buyers who are scrambling to try and close their deals by the end of the month to capture the $8K tax credit - From VAR News "Senator Patrick Leahy’s office has announced that the deadline for closings for those who took advantage of the Home Buyer Tax Credit has been extended until October 1. This would allow only those contracts that were signed before April 30 to have time to close."
Tuesday, March 16, 2010
Century 21 Farm & Forest Brings Home Awards
On March 4th, Century 21 Farm & Forest attended The Annual Gold Awards to recognize success from 2009. The Office brought home a prestigious awards - #2 Century 21 Agency in the State of Vermont!
Our Agents also brought home the following:
Two Million Dollar Producers: Annette Dalley, Peter Lanoue & Stephen Peacock
Three Million Dollar Producers: Dan Maclure, Cindy Sanville & Constance Isabelle
Four Million Dollar Producer: Nicholas Maclure
Finally, Cindy Sanville was awarded the # 4 Century 21 Agent in the State based on Units Sold, and Nicholas Maclure was awarded the # 2 Century 21 Agent in the State based on Adjusted Gross Commission and the #1 Century 21 Agent in the State based on Units Sold.
Thursday, January 28, 2010
Gift Boxes for Our Troops!
Century 21 Farm & Forest Realty Inc Team put together 16 boxes for our troops in Afghanistan. The entire team worked on packing these boxes after our Tuesday Sales Meeting. Every agent provided one item for each box and local companies also made donations of goods. Some of the items shipped include maple syrup, beef jerky, lotion, shaving cream, razors, tooth paste & brushes, stationery & pens, home-baked goods, and local newspapers. The boxes contained about 10 pounds of goods, and the company provided the postage. Great job, Team! We want to continue supporting our troops. If you have a loved one overseas, email us or stop by our office with their address!
Special Thanks to:
Border Farm Maples
Dale & Joy Maple
VT Beef Jerky Co.
VT Beef Jerky Co.
VT Ski Association
Jay Peak Resort
Jay Peak Resort
Newport Daily Expres
The Chronicle
Bag Balm Co.
Danville Dental Group
Wednesday, January 13, 2010
10 Reasons Why You Should Own Real Estate
10. Buy real estate, enjoy your real estate, play on your real estate, work on your real estate! Harvest your retirement when the time is right and keep your profit instead of giving it to some greedy CEO. Be in control of your retirement! There won’t be a bail-out for people like us!
9. The interest you pay every month on your primary residence (home) is tax deductible! The rent you pay every month for a place you call home is not! Therefore if your income is steady you may actually be able to have less tax withheld from your paycheck and bring home more on a monthly basis.
8. Real estate investment properties can provide you with an income, and you can depreciate the building value over time, saving you thousands of dollars on your income tax. Wouldn’t you rather “Madoff” with your own money?
7. From now until June 30th, 2010, if you are a first-time homebuyer you could get up to $8,000 Federal Tax Rebate. You must enter into a Purchase And Sale Contract by April 30, 2010. There is now also a repeat homebuyer credit of $6500. Is it worth passing up this very generous gift from Uncle Sam?
6. Currently we are in a Buyer’s Market! A large real estate inventory makes this a great time to buy. Would you rather buy when prices are down and you have a lot of choices or wait until prices are high and there is a lack of choices to choose from?
5. Interest rates are at historic lows. Many of us remember the early 80’s when interest rates were 12-15% and even 20%. Rates in the vicinity of 5% are amazing! Did you know the monthly payment on a 30-year, $100K mortgage at 5% interest is only $536.80?
4. Buy a home today and watch the equity in your home grow. It’s conceivable if you purchase a home in this market to see the values of your home double in 5-10 years. What about the new car you’re making payments on? What will that be worth in 5 years?
3. The best investment on earth is earth itself and in case you haven’t heard, they aren’t making any more land. As the world’s population grows, earth remains the same size, making land one of the most important commodities. Wouldn’t you like to have a parcel of land to call your own?
2. If you have lived in your primary residence for more than two years you can sell your home and keep up to a $500k profit without paying any income tax! Do you know of anything else where you can make $500,000 and pay no tax?
1. A recent federal reserves survey states that the average net worth of a homeowner is $234K. That is nearly 46 times that of a renter who has an average net worth of $5,100. Which category would you like to be in?
9. The interest you pay every month on your primary residence (home) is tax deductible! The rent you pay every month for a place you call home is not! Therefore if your income is steady you may actually be able to have less tax withheld from your paycheck and bring home more on a monthly basis.
8. Real estate investment properties can provide you with an income, and you can depreciate the building value over time, saving you thousands of dollars on your income tax. Wouldn’t you rather “Madoff” with your own money?
7. From now until June 30th, 2010, if you are a first-time homebuyer you could get up to $8,000 Federal Tax Rebate. You must enter into a Purchase And Sale Contract by April 30, 2010. There is now also a repeat homebuyer credit of $6500. Is it worth passing up this very generous gift from Uncle Sam?
6. Currently we are in a Buyer’s Market! A large real estate inventory makes this a great time to buy. Would you rather buy when prices are down and you have a lot of choices or wait until prices are high and there is a lack of choices to choose from?
5. Interest rates are at historic lows. Many of us remember the early 80’s when interest rates were 12-15% and even 20%. Rates in the vicinity of 5% are amazing! Did you know the monthly payment on a 30-year, $100K mortgage at 5% interest is only $536.80?
4. Buy a home today and watch the equity in your home grow. It’s conceivable if you purchase a home in this market to see the values of your home double in 5-10 years. What about the new car you’re making payments on? What will that be worth in 5 years?
3. The best investment on earth is earth itself and in case you haven’t heard, they aren’t making any more land. As the world’s population grows, earth remains the same size, making land one of the most important commodities. Wouldn’t you like to have a parcel of land to call your own?
2. If you have lived in your primary residence for more than two years you can sell your home and keep up to a $500k profit without paying any income tax! Do you know of anything else where you can make $500,000 and pay no tax?
1. A recent federal reserves survey states that the average net worth of a homeowner is $234K. That is nearly 46 times that of a renter who has an average net worth of $5,100. Which category would you like to be in?
Monday, January 4, 2010
Local Realtors Raise $6000 for local charities
The Orleans Country Board of Realtors Hosted thier Annual Holiday Auction / Party last month. Each Realtor donates a gift to be auctioned off and the proceeds are donated to local charities. This year $1500 was given to each of the following: The Area Agency on Ageing for Northeastern, VT, The North Country Supervisory Union's Early Childhood program, and both the Orleans Federated Church and the United Church of Newport to support their food shelves. We commend our Realtors for their efforts and genorousity. Furthermore, we would like to thank the local business and community for their donations and / or coming to the event and purchasing items.
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