Maui economist says: "Hard times are gone!!"
http://www.ramaui.com/UserFiles/File/Stats/All-June2010.pdf
June sales Stats:
http://www.ramaui.com/UserFiles/File/Stats/All-June2010.pdf
May Stats for Maui Market:
http://www.ramaui.com/userfiles/file/stats/all-may2010.pdf
Maui is experiencing Brush Fires!
http://www.facebook.com/video/video.php?v=126174054080251
Glimmer" of Hope in first Quarter of Maui Real Estate
http://www.mauinews.com/page/content.detail/id/530433.html?nav=10
Maui County Census Information http://quickfacts.census.gov/qfd/states/15/15009.html
HOMEBUYERS TAX CREDIT EXTENDED!
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
- Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
- Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.
Latest news:
Home Buyer Tax Credit Has Added Benefits for Armed Services Members, Others (Nov.11)
Tax Credit Extension a Positive Step Toward Real Estate Recovery (Nov.5)
President's Podcast: Tax Credit Extended (Nov. 5)
Who Qualifies for the Extended Credit?
- First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
- Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.
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.
If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see: 2009 First-Time Home Buyer Tax Credit.
Which Properties Are Eligible?
The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
How Much Is Available?
The maximum allowable credit for first-time home buyers is $8,000.
The maximum allowable credit for current homeowners is $6,500.
How is a Buyer's Credit Amount Determined?
Each home buyer’s tax credit is determined by tow additional factors:
- The price of the home.
- The buyer's income.
Price
Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.
Buyer Income
Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.
These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see 2009 First-Time Home Buyer 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 $125,000 and $145,000 for single buyers and between $225,000 and $245,000 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 $145,000 for singles and over $245,000 for couples are not eligible for the credit.
Can a Buyer Still Qualify If He/She Closes After April 30, 2010?
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.
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 this three-year period, the full amount credit will be recouped on the sale.
I will be happy to provide all the information you need to buy or sell real estate in Kihei, Wailea, Pukalani, and surrounding areas. As the premier real estate agent in Kihei, I look forward to serving you and will be happy to help at any time. Learn More About Me
It's Not "dreadful"... it's Opportunity for you! YOUR Maui Realtor Alana in Maui News TODAY
http://www.mauinews.com/page/content.detail/id/520829.html?nav=10
County advances bill on tax categories for B&B, vacation rental
http://www.mauinews.com/page/content.detail/id/520778.html?nav=10
Home sales on Maui are up, click here to read the lastest from the Maui News:
http://www.mauinews.com/page/content.detail/id/519528.html?nav=10.
Foreclosures, short sales topic of event
http://www.mauinews.com/page/content.detail/id/518197.html
FOR BUYERS
Whether you are a first time homebuyer or a seasoned veteran I have all the resources you need to buy real estate in Kihei, Wailea and Pukalani.
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I specialize in Kihei Real Estate, Wailea Homes, Beachfront Properties and your Dream Maui Homes! Maui is truly a wonderful place to visit and live! Prices are now within reach to own your full or part time home in Kihei, Wailea, Pukalani, Makawao, Kula, Kahului, Lahaina, Kapalua, Napili Wailuku & Hana!
