May 29 2009
The Federal Housing Administration (FHA) announced on Friday May 29, 2009 that they will allow homebuyers to apply the Obama Administration’s new $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home. More information about the details of this plan may be found on Dept of Housing and Urban Developments website
May 15 2009
The 780 billion-dollar economic stimulus plan – the American Recovery and Reinvestment Act of 2009 – includes an $8,000 first-time home buyer tax credit. Though we were all hoping for the originally proposed $15,000 tax credit, the 8K is still reason to celebrate.
Here are the top 10 things you need to know if you hope to take advantage of the tax credit:
1. The $8,000 tax credit is for first-time home buyers only. (“First time” means you cannot have owned a home for three years before your current purchase)
2. It can be applied to 2009 home purchases closing before
3. The tax credit does NOT have to be repaid (unlike the Continue Reading »
May 05 2009
The gorgeous brick Rollin Street Flat building (originally offered as condominium units) at South Lake Union is complete. However, with the huge number of empty condos in the city right now, and the economy being what it was these past eight months, the builders made the decision to convert all 208 units to rental properties, to be managed by Riverstone Residential.
Located at 120 Westlake Ave., the Rollin units are move-in ready, with 12 to 18-month leases available and with the bonus of one month to six weeks free rent upon signing. The great location (just across the street from Whole Foods) is complemented by great city and Space Needle views from three community rooftop decks and Continue Reading »
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