The IRS recently published guidelines for what is required in order to claim the First Time Homebuyer or Repeat Homebuyer Tax Credits. For both credits, you will need to complete IRS Form 5405 and submit that with your tax return. In addition, you will need to submit a copy of your HUD-1 Closing statement. The…

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Home loans rates have hit another ALL TIME LOW! 4.375% on conventional 30 year loans 3.875% on conventional 15 year loans 4.500% on FHA loans Sitting on the fence or still thinking about getting a good buy? It is time to act and take advantage ofunprecedented rates and low housing prices in Grand Rapids. Have…

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From May 28 through June 12 you will have the opportunity to view 49 homes in the 2010 Spring Parade of Homes.   You don’t have to be shopping for a home to attend the Parade of Homes. Here are some of my favorite reasons to attend the Spring Parade: See friends also out touring…

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What is the Nationwide Open House Weekend? The Grand Rapids Association of REALTORS® has teamed up with NAR and REALTOR® associations across the country for one weekend of Nationwide Open Houses. The purpose of this is to encourage those who are thinking of buying a home to take advantage of unique home market factors and…

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Michigan is now ranked as one of 5 states with the highest number of foreclosures in the nation. Do foreclosures and short sales represent an opportunity for you?? What is a Short Sale? A short sale is a when a homeowner works in cooperation with their bank to sell their home at an amount that…

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The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. It also authorized a tax credit of up to $6,500 for qualified repeat home buyers. $8,000 First-time Home Buyer Tax Credit at a Glance The $8,000 tax credit…

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