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The following Press Release is from the Florida Association of Realtors.
WASHINGTON – April 24, 2009 – If first-time homebuyers wait until November to sign a sales contract, it’s probably too late to get the $8,000 tax credit. To qualify, buyers must close before Dec. 1 – a signed contract is not enough. New construction should be started by mid-summer to qualify.
According to the National Association of Realtors, a “home is considered as ‘purchased’ when all events have occurred that transfer the title from the seller to the new purchaser. Thus, closings must occur before December 1, 2009 for purchases to be eligible for the credit.”
Noting that deadline, the National Association of Builders kicked off a campaign notifying buyers that if they want the tax credit, they should plan to sign a construction contact soon.
Mike Dishberger of Sandcastle Homes Inc. in Houston, Texas, says that building a home from scratch can take anywhere from four to six months depending on the floor plan and location. Assuming it takes the full six months, first-time homebuyers should sign a new-home construction contract no later than May 31, 2009.
While it’s possible to rush an existing-home sale and go from contract to closing in only a few weeks, that schedule could cause a problem for last-minute buyers who wait until November. If an onslaught of buyers hope to beat the clock, title agencies and others involved in the closing process could get backlogged during November, and the IRS does not consider “planned closing dates” for the tax credit – only actual closing dates.
To qualify for the tax credit, home buyers must have not owned a home for three years prior to the purchase and have a modified adjusted gross income (MAGI) less than $95,000 for single tax payers and $170,000.
Similar Articles:First-Time Home Buyer Tax Credit Explained
$8,000 Housing Tax Credit Now Available
What You Should Now Before Buying a Home Subscribe Now and receive Blogging Jupino by email or RSS Reader
Susanne Quirk is a Realtor® with Cobblestone Realty specializing in residential homes in Jupiter, Juno Beach, Palm Beach Gardens, Florida. Contact Susanne at (561) 386-0350, e-mail, or visit our website www.TheJunoBeachRealtor.com to learn more.
Updated Saturday, April 11
Time to celebrate Easter and we have compiled a list of Easter activities in Palm Beach County scheduled for this weekend. Have a wonderful Easter and go easy on the Peeps!
Abacoa:Saturday, April 11, 2009 10:00 a.m. Abacoa Town Center in front of Amphitheater
Roger Dean Stadium:Saturday, April 11 Easter Egg Hunt 4:00 p.m. Game 6:05 p.m.
Jupiter Hammerheads vs. Palm Beach Cardinals
Saturday, April 11th
9:30 – 11:00 am
Jupiter Community Center
210 Military Trail
Jupiter, FL 33458
For More Information
Hunt begins promptly at 9:30am. Kids- Bring your own basket to collect eggs & candy. There will be egg hunt areas for ages 3 & under, 4-6, and 7-10. Immediately following the hunt until 11am, there will be additional activities including visits with the Easter Bunny, inflatables, face painting, and arts & crafts. Beginning at 10:30 am there will be a ballet performance of “Alice in Wonderland” by the Jupiter Community Center ballet classes. Be sure to be on time for the Easter Egg Hunts as they do not last long. REMINDER: Please bring a bag to put candy in and get there on time.
Palm Beach Gardens:
Egg Extravaganza at Gardens Park
9:30 – 11:00 am
Gardens Park 4301 Burns Road Palm Beach Gardens, FL 33410 For More Information Call (561) 630-1100
Age Groups: 3 years & under, 4-6 years, 7-10 years. Bring your own Easter Basket
9:00 a.m. – Face Painting9:30 a.m. – Egg Hunt 9:45 a.m. – The Easter Bunny Arrives
West Palm Beach:
April 11, 2009
9:00 a.m. – 10:30 a.m.
Event begins promptly at 10:00 a.m.
For more information, or to purchase tickets, please contact the Flagler Museum at:
(561) 655-2833 or via e-mail at firstname.lastname@example.org
Each year the Flagler Museum’s Whitehall Society hosts an Easter Egg Hunt and Egg Roll on the South Lawn of Whitehall the Saturday morning before Easter. Children are encouraged to bring their own Easter Egg Basket for the Easter Egg Hunt on the Museum’s South Lawn. General admission for the Easter Egg Hunt and Easter Egg Roll is $5 for children and $15 for adults. There will be no admission charge for children and grandchildren of Museum Members at the Sustaining Level and above.
John Favole, News Anchor for WPTV News Channel 5, will be the Master of Ceremonies. Museum gates open at 9:00 a.m. for a visit by the Easter Bunny and Easter arts and crafts. The Easter Egg Hunt begins promptly at 10:00 a.m. Light morning refreshments will be available on the South Porch.
Proceeds of the event will help to underwrite the Museum’s Newspapers in Education program. Published in conjunction with The Palm Beach Post, the Newspapers in Education tabloid will be geared toward 4th and 5th grade students and will be made available statewide. It will help students understand the development of Florida and Henry Flagler’s essential role in that process.
SunFest, Where Music Meets the Water, is here again. Founded in 1982, SunFest is Florida’s largest waterfront music and art festival. Held annually in downtown West Palm Beach, Florida and attracts more than 280,000 visitors. With over 3,000 volunteers, the SunFest has made a positive impact on the community. This year’s SunFest dates are April 29 – May, 2009.
Plan ahead to receive ticket discounts:
Month of MarchVisit any TD Bank in Palm Beach County in the month of March to purchase the March Money Save 5-day SunFest Pass for $54. Deal ends Tuesday, so hurry fast to the nearest TD Bank.
April 29, 2009 Opening NightSave $10 courtesy of Tobacco Free Florida and Palm Beach County Health Department. When you buy an advance ticket online. To get the savings code for New Music Night, Wednesday, April 29, click here. This deal ends at 5:00 p.m. on April 29, 2009, before the gates open.
Saturday, May 2, 2009Seminole Casino Coconut Creek Day Save $6 off gate price on an advance ticket. To get the discount code and details visit seminolecoconutcreekcasino.com
Entertainment:James Taylor The Steve Miller Band 311 David Cook UB40 Gin Blossoms Slightly Stoopid Pepper Pennywise Spyro Gyra Classic Albums Live Randy Bachman Citizen Cope Bettye LaVette Tonic Jack’s Mannequin Cold War Kids Sly and Robbie Matt Nathanson Erin McCarley G. Love & Special Sauce Candlebox Thriving Ivory and more
BloggingJupino is happy to announce our first sweepstakes ever. We know times are tough and we have been hit hard by the economy. We want to have a little fun and help someone out in the process by giving you FREE gas money!! Not just 10 bucks, not just 20 bucks, not just 30 bucks, but a whopping $50 bucks for the winner to use instantly at an area local gas station.
It’s easy as 1 – 2- 3. All you have to do is e-mail me with “Gas Card” in the subject line, include your full name and phone number so we can contact you if you win.
Entries will be accepted throughout the month of December. The winner will be announced January 5, 2009. One entry per person please.
Good luck and pass it on to a friend!
I couldn’t resist telling you about this one. CityPlace is having a nightly snowfall. Those of you who miss the snowy winters from up north can get a small dose of nostalgia every night from now through December 31.Monday, Tuesday and Wednesday 6:30 and 7:30 p.m. Thursday, Friday, Saturday and Sunday 6:30, 7:30 and 8:30 p.m.
While you are there, check out Taverna Opa. My stylist, Daniel, raves about it. He said you’ll feel like dancing before you even hit the doors! I can’t wait to give it a try. Comment back and tell me what you think.
You can also check out the following new stores that opened recently.Bikini Style Ocean Drive Bobby Chan EG Square IceBerry Italian Oven Cafe Kona Grill Momma Che Buonno Primo Comfort Footwear Taverna Opa
I’m looking forward to the Green Market coming to Abacoa this year. Years previous it was always open late in the afternoon on Wednesdays. The time made it hard for us to attend with school, sports, work, etc.
The season opener will be Saturday, October 18. Rain or shine the market will be open from 9 a.m. to 1 p.m. every Saturday. Vendors will be on hand displaying fresh fruits, vegetables, artisan bread and pastries, beautiful plants and natural goods.