$8000.00 Free Money For 1st Time Buyers

I have heard that here in Kansas City there have been a couple of instances where accountants have been telling their first time home buyers that they cannot apply for the $8000.00 tax credit until 2009.
THAT is NOT TRUE!

I have a copy of the blank 1040. Go to page 2, under line #69 where it says attach form 5405. I also have also a copy of form 5405 that you will need. You can look at "C" at the top. You can claim it now if purchased in 2009. If they purchase in July, 2009, they can file an amended return and get their $8000 immediately.
However, the drawback is that the EZ form which most of them would file does not accommodate this so they will have to file the regular 1040.
I would be willing to share these forms with whomever wants them.......... just email me at franwhite@kc.rr.com........... in the subject line put TAX FORMS and I'll send them to you as PDF file you can print out.
And if you know someone who is wanting to buy, NOW is the time to do it.....if they are looking in the Kansas City North area, have them give me a call 816-682-3897
Until next time.......

First Time Buyers $8000.00 Tax Credit Tax Information

I have heard that here in Kansas City there have been a couple of instances where accountants have been telling their first time home buyers that they cannot apply for the $8000.00 tax credit until 2009.

THAT is NOT TRUE!

I have a copy of the blank 1040. Go to page 2, under line #69 where it says attach form 5405. I also have also a copy of form 5405 that you will need. You can look at "C" at the top. You can claim it now if purchased in 2009. If they purchase in July, 2009, they can file an amended return and get their $8000 immediately.

However, the drawback is that the EZ form which most of them would file does not accommodate this so they will have to file the regular 1040.

I would be willing to share these forms with whomever wants them.......... just email me at franwhite@kc.rr.com........... in the subject line put TAX FORMS and I'll send them to you as PDF file you can print out.

And if you know someone who is wanting to buy, NOW is the time to do it.....if they are looking in the Kansas City North area, have them give me a call 816-682-3897

Until next time.......

First Time Buyers Beware: That Only Happens On Television

I've been showing a lot of first time buyers lately that have been watching a lot of television shows that show home remodeling, home decorating, and home buying.

Don't get me wrong, most of those shows are full of useful information, remodeling and decorating ideas and they can even give you tips on things to look for when shopping for a home that could be problematic... so they can be useful.

But please keep in mind that these are nationwide shows, some are even shot in Canada, and not everything they say apply to every area of the country.

Remodeling projects that they say can be completed in a weekend would be a tough job for seasoned hands, let along two women single handedly.

One show suggests that when you find a home you want to make an offer on "low-ball them." In other words, if they are asking 225,000.00 go in and offer them 25,000.00 less right off the bat.

I'm an advocate for negotiating a good deal, but my experience has been that this type of low-balling offends the sellers. I've even had a couple of sellers even refuse to make a counter offer because they were insulted.

Work with your REALTOR®. Ask them to show you comps in the neighborhood of homes that have sold as well as those for sale. Compare them to the home you want to make an offer on and proceed with a sensible offer.

I hear more and more REALTORS® working with sellers stressing the importance of pricing homes properly to sell in this market of over abundance.

Then there are those sellers who are having to bring money to the table to even sell their homes and have very little wiggle room.

I understand everyone wants a deal but just because the television shows are telling you to "low ball and ask for your closing costs to be paid," doesn't mean that it always happens or it's the rule of thumb to follow. In my opinion that only happens every-time on television.

I work with buyers and sellers so I see, feel and understand both sides.

As a buyer if you really want the home and give an outrageously low offer on a home that is priced correctly and the sellers get offended and refuse to counter - then you have lost out on a home that you really wanted and you are disappointed. That isn't a win/win for anyone.

Work with your REALTORS® and as buyers and sellers make mindful decisions.... and remember everything that is seen on television isn't always the case.