Postcards from the Lake
Lakewide Realty
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Archive for November, 2009
Charming Rocky Mount Lakefront Cabin
Perfect for Weekend Getaways to the Lake of the Ozarks
Recently listed for $135,000 this newly remodeled lakefront cabin in Rocky Mount, Missouri is being sold turnkey. Pack a bag and grab some groceries, and you’ll be ready to enjoy some cozy fall evenings snuggled up to the fireplace after a day of fishing (or shopping!). Call Melody at 573-480-5132 for more details on this lovely lakeside home.
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Author: Melody Anderson | November 18th, 2009
Categories: Featured listings
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First-time homebuyer tax credit to be extended
Homeowners Wanting to Move-Up Also to Receive A Tax Credit
After passing 98-0 in the Senate, H.R. 3548 is expected to pass in the House by week’s end, and signed by the President.
In addition to extending the current $8000 tax credit for first-time homebuyers who are under contract by April 30, 2010; the bill also allows up to $6500 tax credit to buyers who have owned their existing home for at least 5 years, and who wish to buy another home as their primary residence.
This credit will be available for the purchase of primary residences under $800,000. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000. The credit will be further extended for members of the military serving at least 90 days outside the country for an additional year.
This is such welcomed news for the Lake of the Ozarks region. Even though vacation homes are exempt, this additional credit will no doubt help existing homeowners make the move they’ve long wanted to make, but couldn’t - due to the depressed market.
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Author: Melody Anderson | November 5th, 2009
Categories: Market Trends, Real Estate News
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