Christine Serafini Miranda Real Estate Group

ATTENTION BUYERS!
I will help you find that ideal home, making the process as stress-free and rewarding as possible!
ALWAYS negotiating LOWEST PRICE with a savings of at least $5,000.

EMail Christine Serafini via this email and request her FREE Home Buying Services and also receive

A FREE Certified Home Inspection($325 value)
A FREE Certified Real Estate Bank Appraisal ($350 value)
FREE Moving Truck for your move!


FREE MLS HOME SEARCH!(no obligation)

http://buyorsellahomenow.com

Contact Christine Serafini of Miranda Real Estate Group
direct at (518)514-8830

ATTENTION!
Condo and Townhome Buyers....
The Most Current Listings Sent To Your Email...Daily!

Don't go at this alone. Christine Serafini of Miranda Real Estate Group can help you with the purchase of your next conod or townhome. I am an experienced buyer's agents who know just what to look for when it comes to dealing with an ever changing real estate market. My clients are always ahead of the game.


I will be by your side every step of the way!

Log on now and start receiving your property listings right away.
http://buyorsellahomenow.com

DON'T KNOW WHERE TO START?
0% Downpayment available for First Time Home Buyers
5% Downpayment for Investment Properties

Visit http://518stoppayingrent.com for FREE information or
Visit http://cserafini.mirandarealestategroup.com to set up your FREE home search!

CALL TODAY - Christine Serafini - Miranda Real Estate Group - for more information.

(518) 514-8830

First-Time Homebuyer Tax Credit
NOW AVAILABLE!!!
One of the most exciting new provisions of the Housing and Economic Recovery Act of 2008 is the First-Time Home Buyer Tax Credit. The credit is designed to encourage first-time homebuyers to go ahead and make the leap to purchase their first homes. Combine this tax credit with the fact that home prices are at historical lows, and indeed it is an ideal time for many first-time homebuyers to purchase homes.

FACTS of the First-Time Homebuyer Tax Credit:
The credit is available for homes purchased between April 9, 2008 and July 1, 2009
The credit amounts to 10% of the purchase price of the home not to exceed $7,500
A first-time homebuyer is defined as someone who has not owned a home in the last three years Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
The tax credit works like an interest free loan and must be repaid over a 15 year period.

How does a tax credit work?
A tax credit is a special provision that reduces income tax liability on a dollar for dollar basis. When filing a tax return, you must include income items, deduction items and the number of exemptions, among other things, to figure your total tax liability. If your total tax liability ends up being $7,500, and you qualify for the full $7,500 tax credit, this credit would be applied and would wipe out all of the tax due. If your employer had already deducted the $7,500 from your pay checks throughout the year, you would receive a tax refund of $7,500.

Does the credit have to be repaid?
Yes, the credit does have to be repaid, so it is really more like an interest free loan. Homebuyers will be required to repay the credit to the government, without interest, over 15 years or when they sell the house, if there is sufficient capital gain from the sale. For example, a homebuyer claiming a $7,500 credit would repay the credit at $500 per20year. The home owner does not have to begin making repayments on the credit until two years after the credit is claimed. So if the tax credit is claimed on the 2008 tax return, a $500 payment is not due until the 2010 tax return is filed. If the home owner sold the home, then the remaining credit amount would be due from the profit on the home sale. If there was insufficient profit, then the remaining credit payback would be forgiven.

Conclusion:
For more information about the first-time homebuyer tax credit or other changes resulting from the Housing and Economic Recovery Act of 2008, just give me a call. I would be happy to assist you with your mortgage in the purchase of your new home!

Oh By The Way....
If you know of someone looking to buy or sell a home please refer them to me and I would be happy to assist them!
Any referral received now thru December will be placed in a drawing for one of 2 $500.00 shopping sprees!

For More Information Contact

Christine Serafini of Miranda Real Estate Group, Inc.

(518) 514-8830

Surviving and thriving in the real estate market these days means following a whole new set of rules.

Here are five imperatives for those who want to master the home-buying game. Explaining these items to your customers to help you win friends and sales.

1. Gaming the market doesn't work. There's a chance that the home you buy today will be worth less next year. So instead of trying to time the market, drive a hard bargain for a home you really love.

2. Real winners get the lowest mortgage rate. Financing is getting more expensive. Celia Chen of Moody's Economy.com predicts rates will hit 7 percent in mid 2009.

3. Jumbos are a big bargain. A new law temporarily allows Freddie Mac and Fannie Mae to buy mortgages as big as $729,750, which is keeping the jumbo rates down. The deal disappears at year-end.

4. Good schools count. Neighborhoods with highly rated schools are holding their value better than most, according to a recent study by real estate site Trulia.com.

5. Honesty is the best policy. Be upfront about your commission and consider letting the buyer keep any incentives offered by the sellers.

Source: Money Magazine, Amanda Gengler (05/27/08)

I always look forward to providing any useful information to my home buyers. If you are looking to buy a home or would like more information on how to make the home buying process a successful one - please contact;

Christine Serafini

Miranda Real Estate Group, Inc

(518)514-8830

http://518homebuyer.com