Welcome to your complete Real Estate resource. Services covering the Naples, Bonita Springs, Estero and Fort Myers areas. Here you'll find everything you'll need to buy or sell a home, as well as learn about the market.  It is my goal to provide you with superior service at all times.

First-time homebuyers: Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the
economic challenges facing our nation, Congress has passed legislation
that grants a tax credit of up to $8,000 to first-time home buyers.

Here is more information about how the 2009 First-Time Home Buyer Tax
Credit can help prospective home buyers become part of the American dream.

Who Qualifies?
First-time home buyers who purchase homes between January 1, 2009 and
December 1, 2009.

To qualify as a “first-time home buyer” the purchaser or his/her spouse
may not have owned a residence during the three years prior to the
purchase.

Which Properties Are Eligible?
The 2009 First-Time Home Buyer Tax Credit may be applied to primary
residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Will the Credit Be?
The maximum allowable credit for home buyers is $8,000. Each home buyer’s
tax credit is determined by two factors:

The price of the home—the credit is equal to 10% of the purchase price of
the home, up to $8,000.

The buyer's income—single buyers with incomes up to $75,000 and married
couples with incomes up to $150,000—may receive the maximum tax credit.

If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.



The credit decreases for buyers who earn between $75,000 and $95,000 for
single buyers and between $150,000 and $170,000 for home buyers filing
jointly. The amount of the tax credit decreases as his/her income
approaches the maximum limit. Home buyers earning more than the maximum
qualifying income—over $95,000 for singles and over $170,000 for couples
are not eligible for the credit.

Will the Tax Credit Need to Be Repaid?
No. The buyer does not need to repay the tax credit, if he/she occupies
the home for three years or more. However, if the property is sold during
the three-year period, the credit will be recouped on the sale.

Federal program to help first-time buyers use tax credit for downpayment
Confused about the first-time buyer benefits?

Two programs will allow first-time buyers (those who have not owned a home
for at least three years) to use their income tax credit toward a
downpayment. Neither the Florida program nor the HUD program has been
fully fleshed out, however, and it’s unclear how soon money will become
available under either program. FAR will report on all details as they’re
released through the floridarealtors.org Web site and FAR’s daily
EarlyBird e-newsletter.

WASHINGTON – May 13, 2009 – First-time homebuyers will soon have another
option if they want to use their $8,000 tax credit toward a downpayment.
On the tails of a Florida-created program that Gov. Charlie Crist is
expected to sign into law, the federal government announced its own
downpayment assistance program at the National Association of Realtors®
Midyear Legislative Meetings & Trade Expo taking place this week in
Washington, D.C.

While the tax credit applies to “first-time homebuyers,” the term is
misleading. In general, anyone who hasn’t owned a home for the past three
years is considered a first-timer under the program. Shaun Donovan,
secretary of the U.S. Department of Housing and Urban Development (HUD),
hopes to have additional details available within a few days, though it’s
still unclear how soon homebuyers can apply for the credit.

Donovan said that the Federal Housing Administration (FHA) would allow its
lenders to credit homeowners up to $8,000. He made the announcement to
several thousand Realtors yesterday at a special daylong session called,
The Real Estate Summit: Advancing the U.S. Economy.

“We all want to enable FHA consumers to access the homebuyer tax credit
funds when they close on their home loans, so that the cash can be used as
a downpayment,” Donovan said. According to Donovan, FHA approved lenders
will be permitted to “monetize” the tax credit by using short-term bridge
loans. Donovan also said that more will be done, and the Obama
administration plans to further stabilize the housing market.

“I do think we have some early signs that the market overall is
stabilizing,” said Donovan. “Since January, we’ve seen both home sales
moving up and down around a relatively stable number, and we are seeing
the first signs that the rapid decline in home prices is starting to
abate.”

© 2009 FLORIDA ASSOCIATION OF REALTORS®

ARE YOU READY TO BUY A FORECLOSURE ?

Dominic can answer all your questions reguarding foreclosures.

 1. Have you bought a foreclosure property before?   We have the expertise to guide you through the entire process. 

 2. Is this a primary residence or an investment?   Whether this is an emotional buy or strickley an investment we have the knowledge to  assist you in obtaining the best value for your money.

 3. If this is a primary residence, when do you need to move into the home? Foreclosure transactions can take longer than most sales transactions, you need to allow time for making repairs.  If you need to move soon, you might have to make temporary living arrangements or find a more suitable home.

 4. Do you have financing available? With bank Properties you will need to be prequalified for a mortgage or have a  letter from your bank stating you have the available  funds  to purchase the property.

 5. Are you Prepared to make repairs? Many foreclosures need repairs. If you do not want to do any work, maybe you might want to shop for another type of property.

View My Website! It Provides:

 1.  A List of Bank Owned Properties.

 2. List of  Local Communities in this area. Each Community has a Description, Map and a list of all the Properties that are for sale in that particular community.

3. Search the MLS

4. Request a Free Home Evaluation

5. Recieve the latest up to date listings by e-mail

6. Rental Property listings

7. Info on Golf Courses in the Naples Area

8. Local Resources, Such as: Cab Service, Home Watch Service, Moving Company, Storage Facility, Information on Schools

9. Get the Demographics of an area

10 National Weather

AND SO MUCH MORE!

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