I am sure lots of area home-buyers have thought this was approved a couple of weeks ago, however the President just signed the Bill this afternoon. The original 1st time home-buyer credit was extended and there was a new provision inserted to allow for higher income and for home-buyers who would like to be move-up buyers to receive a credit of $6,500 with certain restrictions. This next week I will be posting more in-depth about this bill but wanted to give an update and some quick facts.
Home-buyers must sign a contract before April 30 and close by June 30.
Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.
First-time buyers — those who have not owned a home in the past three years — still qualify for an $8,000 rebate.
Those who have owned and occupied a residence for at least five years out of the past eight can claim a $6,500 tax credit if they close on a purchase by the end of June.
During the month of October there were 68 homes that sold in Bremerton. That is 14 homes less than in September. Seems odd since the NWMLS has reported such a surge in October Puget Sound wide due to the then planned end date of the first time home buyer tax credit. These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.
Let’s look at those 68 Bremerton homes -
Average List Price
$203,933
$132 per sq ft
Average Sold Price
$202,524
$132 per sq ft
The average sq ft of these 68 Bremerton homes was 15701 sq ft. These homes spent an average of 132 days on the market (DOM).
The list to sale ratio for these homes was 99.31 percent. What that meas is that buyers offered 99.31% of what the seller requested.
Not a bad time to purchase a home in Bremerton, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
During the month of October there were 10 homes that sold in Silverdale. These Silverdale homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Silverdale Washington.
Let’s look at those 10 Silverdale homes that sold in September -
Average List Price
$311,865
$147 per sq ft
Average Sold Price
$307,150
$148 per sq ft
The average sq ft of these Silverdale homes was 2173 sq ft. These homes spent an average of 156 days on the market (DOM).
The list to sale ratio for these homes was 98.49 percent. What that meas is that buyers offered 983.49% of what the seller requested.
Not a bad time to purchase a home in Silverdale, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
During the month of October there were 68 homes that sold in Port Orchard. This is 8 more homes sold than in September. These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.
Let’s look at those 68 Port Orchard homes -
Average List Price
$250,706
$136 per sq ft
Average Sold Price
$245,556
$133 per sq ft
The average sq ft of these 68 Port Orchard homes was 1912 sq ft. These homes spent an average of 138 days on the market (DOM).
The list to sale ratio for these homes was 97.95 percent. What that meas is that buyers offered 97.95 % of what the seller requested.
Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
Rhonda Porter over on Facebook published the link to the CBS MoneyWatch.com site so I thought I would share the news. Of course we still need President Obama to sign the extension so contracts pending in escrow still need to be processed with the November 30th deadline until he signs it this week. This should take some pressure off a couple of escrows I have that are set to close by November 30th. With all of the days the county is closed and the Thanksgiving Holiday, November closings were getting a little stressful.
With the Thanksgiving Recess just three weeks away, Senators burned the midnight oil last night to clear the way for the $8,000/$6,500 tax credit extension
The Senate last night cleared the way to pass a seven month extension and expansion of the tax credit for home-buyers, making it virtually certain that the legislation will reach President Obama for his signature this week.
During the month of September there were 60 homes that sold in Port Orchard. These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.
Let’s look at those 60 Port Orchard homes -
Average List Price
$243,127
$155 per sq ft
Average Sold Price
$236,000
$149 per sq ft
The average sq ft of these 68 Port Orchard homes was 1804 sq ft. These homes spent an average of 97 days on the market (DOM).
The list to sale ratio for these homes was 97.07 percent. What that meas is that buyers offered 97.07 % of what the seller requested.
Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
During the month of September there were 82 homes that sold in Bremerton. These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.
Let’s look at those 82 Bremerton homes -
Average List Price
$235,309
$136 per sq ft
Average Sold Price
$2228,774
$132 per sq ft
The average sq ft of these 82 Bremerton homes was 1804 sq ft. These homes spent an average of 125 days on the market (DOM).
The list to sale ratio for these homes was 97.22 percent. What that meas is that buyers offered 97.22% of what the seller requested.
Not a bad time to purchase a home in Bremerton, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
During the month of September there were 162 homes that sold in Silverdale. These Silverdale homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Silverdale Washington.
Let’s look at those 12 Silverdale homes that sold in September -
Average List Price
$280,636
$140 per sq ft
Average Sold Price
$273,429
$136 per sq ft
The average sq ft of these Silverdale homes was 1929 sq ft. These homes spent an average of133 days on the market (DOM).
The list to sale ratio for these homes was 97.53 percent. What that meas is that buyers offered 97.53% of what the seller requested.
Not a bad time to purchase a home in Silverdale, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
During the month of August there were 16 homes that sold in Silverdale. These Silverdale homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Silverdale Washington.
Let’s look at those 16 Silverdale homes that sold in August -
Average List Price
$285,872
$152 per sq ft
Average Sold Price
$277,062
$148 per sq ft
The average sq ft of these Silverdale homes was 1929 sq ft. These homes spent an average of 89 days on the market (DOM).
The list to sale ratio for these homes was 96.92 percent. What that meas is that buyers offered 96.92% of what the seller requested.
Not a bad time to purchase a home in Silverdale, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
Just found this Video online and thought it the perfect simple explanation -
I have several first time home buyers at the moment and we have all been talking about the new First-Time Home buyer Credit. This is the new 2009 First-Time Home buyer Credit. The $8,000. tax credit that is a credit and NOT a loan. This credit DOES NOT have to be paid back and as everything there are exceptions. The exceptions are…
Must use the home as a principle residence for at least three years or face recapture of the tax credit amount. Certain exceptions apply. Ask your tax adviser or read Form 5405
So back to the “Who is Eligible?”. You can claim the tax credit if you are a first-time home buyer. Have you ever purchased a home? If the answer is YES you STILL MIGHT BE ELIGIBLE. The first-time home buyer must be able to state you did not own any other home during the past 3 year period that would end on the date of your new purchase. So see you may be a first-time home buyer even if you have owned a home. It is home-buying “do-overs”!
You must have purchased your home after January 1, 2009 and before December 1, 2009 to claim the tax credit.
Sometimes it is easier to decide eligibility if you know who CANNOT claim the credit
Your modified adjusted gross income is over $95,000 or $170,000 if married filing a joint return.
You are a nonresident alien.
You acquired your home by gift or you inherited it.
You purchased your home from a person you are related to.
There are other exceptions but for your local Kitsap area they don’t mean much. You can find them on Form 5405.
Of course you will want to verify all of this with a tax consultant or go to the IRS web site and look for IRS Form 5405.
I have some ideas about this credit for local buyers so if you are interested please send me an email for more discussion!
During the month of August there were 77 homes that sold in Port Orchard (up from 68 in July). These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.
Let’s look at those 77 Port Orchard homes -
Average List Price
$251,824
$140 per sq ft
Average Sold Price
$250,568
$139 per sq ft
The average sq ft of these 68 Port Orchard homes was 1798 sq ft. These homes spent an average of 150 days on the market (DOM).
The list to sale ratio for these homes was 97.32 percent. What that meas is that buyers offered 99.50 % of what the seller requested.
Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
During the month of August there were 76 homes that sold in Bremerton. (August homes sold wans’t as hot as July – a decrease of 19 but still a good month.) These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.
Let’s look at those 76 Bremerton homes -
Average List Price
$218,035
$131 per sq ft
Average Sold Price
$211,758
$128 per sq ft
The average sq ft of these 76 Bremerton homes was 1700 sq ft. These homes spent an average of 117 days on the market (DOM).
The list to sale ratio for these homes was 97.12 percent. What that meas is that buyers offered 97.12% of what the seller requested.
Not a bad time to purchase a home in Bremerton, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
Labor Day weekend | 20th Annual Blackberry Festival
Sept 5-Sept 7, 2009
Hours: Saturday, Sept. 5th- 10 AM to 8 PM,
Sunday, Sept. 6th- 10 AM to 7 PM
Monday, Sept. 7th- 10 AM to 5 PM
You want to know where the action will be this weekend in Bremerton? DOWNTOWN – HARBORSIDE! This is the weekend for the 20th Annual Blackberry Festival held down on the Bremerton Boardwalk.
There will be over 100 booths with everything from arts & crafts to you guessed it “FOOD”! You know what kind of food I am talking about! Hamburgers, hot dogs, corn dogs, chicken burgers, BBQ ribs, chicken and beef brisket, corn on the cob and oh man dare I say more!?
You will also find tons of amazing ethnic foods like teriyaki, shrimp on a stick, spring rolls, gyros, crepes and tacos! Don’t forget the Blackberry delights!! Blackberry slugs, scones, pie and that amazing Blackberry shortcake!! After all it is the Blackberry Festival.
I don’t know why I love it so – I sure hate those pesky bushes creeping up in my flower beds!! But on this weekend they are my friend!!
Silverdale WA Real Estate | July Homes Sold | Homes Sold in Silverdale WA 2009
During the month of July there were 24 homes that sold in Silverdale. These Silverdale homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow [...]
During the month of July there were 95 homes that sold in Bremerton. These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed [...]
During the month of May there were 90 homes that sold in Port Orchard ( 52 more than in May). These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all [...]
S2. Taxpayer A is a single first-time home buyer. Taxpayer B (parent) cosigns for A and does not qualify. Both names are on the mortgage. Can Taxpayer A claim the credit and, if so, how much?
A. Yes. Taxpayer B is not a first-time homebuyer and cannot claim any portion of the credit, but A may claim the entire credit ($7,500 for purchase in 2008; $8,000 for purchase in 2009), if the home was purchased as Taxpayer A’s primary residence.
During the month of July there were 68 homes that sold in Port Orchard. These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!
If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.
Let’s look at those 68 Port Orchard homes -
Average List Price
$252,099
$139 per sq ft
Average Sold Price
$245,344
$135 per sq ft
The average sq ft of these 68 Port Orchard homes was 1897 sq ft. These homes spent an average of 165 days on the market (DOM).
The list to sale ratio for these homes was 97.32 percent. What that meas is that buyers offered 97.32 % of what the seller requested.
Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here
What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.
If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with aFREE Market Analysis.
If you would like to purchase a home in the Kitsap County Real Estate Areaplease give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.
The NWMLS has revised one of our rules to allow the members to republish NWMLS statitical press releases and reports on the Internet, provided I follow the rules which states I must include the following attribution to NWMLS
“Information and statistics compiled and reported by the Northwest Multiple Listing Service.”
KINGSTON — White Horse, the Kingston-area golf course and housing development, could go on the auction block in two weeks.
The 18-hole course and 159 undeveloped lots in the development have been in foreclosure since March. If owner Bob Screen doesn’t find a buyer or pay off nearly $5.5 million in debt, the properties will be sold at auction at 10:30 a.m. Aug. 28 at the Kitsap County Courthouse.
Rhonda Porter
