email:  karmenb@johnlscott.com

Certified New Home Sales Professional   Local Knowledge and Experience Make The Difference

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Homebuyer Tax Credit Update!

On November 6, 2009, President Obama signed a bill to extend the tax credit for first-time homebuyers (FTHBs) through June 30, 2010. The bill also opens up opportunities for others who are not buying a home for the first time.

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home buyer tax credit extended and expanded

In an effort to continue pushing the nation’s economy along the road to recovery, President Obama recently signed a bill that extends the first-time home buyer tax credit and expands the credit to include more buyers.

First-time buyers who have not owned a home in the past three years are eligible for up to an $8,000 tax credit.

·         Tax credit does not require repayment.

·         Credit is available to couples with gross income of less than $225,000 and individuals making less than $125,000.

·         Buyers must secure a binding contract by April 30, allowing 60 days to close.

Qualified homeowners who have lived in their current home for at least five of the past eight years are eligible for up to a $6,500 tax credit to buy a home.

·         Tax credit does not require repayment.

·         Credit is available to couples with gross income of less than $225,000 and individuals making less than $125,000.

·         Credit is limited to homes priced $800,000 or less.

·         Buyers must secure a binding contract by April 30, allowing 60 days to close.

If you are looking for more incentive to purchase a home, consider this: current historically low interest rates give you greater purchasing power. When interest rates go up a percentage point or two, purchasing power is decreased by as much as $100,000

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"Karmen is a true professional with extensive knowledge of the real estate industry, high integrity, and the ability to influence and connect with others with grace to achieve a common goal or objective. Karmen is always a pleasure to work with and I would encourage others to do the same."                                            Rosana

thank you for representing my home in the Portland metropolitan Housing Market. I commend your style: professional, knowledgeable of the process, honest, straight forward, constant communication, quick response to calls!Karmen, friends recommended you and I would be pleased to do the same! Gratefully, Beverly

• 'We wanted to drop a letter to you and thank you for all the hard work you put into this event in our lives. We knew you are the right agent for us as you were very helpful and honest as we were getting ready our property for the market. Thanks for your selling skills! with all the evenings and early morning times you contacted us i see you certainly there when your client needs you! We will certainly be referring your name to any clients/friends that need real estate services. Thanks again for the great experience, Karmen!"
  Rachel & Keith 

• Thank you so much for selling my home of seven years.  It was very difficult to leave my home..as I put my heart into it and made it my own.    You helped me by selling my home quickly with suggestions on presentation and show.  You were always a telephone call away to quell my fears with a calming voice. My new husband and I will soon be retiring..with dreams of moving out of Portland.  We called you..and once again you stepped up to the plate and gave us an estimate on what you thought our home was worth..and ideas for improvements to make a future sale go better. 

Karmen..as soon as we do decide to sell and move on..we will call you..knowing you will be a professional that will make the sale go smoothly and quickly with little stress on us. Thank you, Karmen..

Randy and Kimberley  

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The Great Northwest Home Rush provides excellent financing at Knights Bridge Crossing new Homes in Beaverton!

WITH PERFECT HOMES FOR FIRST TIME HOME BUYERS , STARTING IN $224'S!!!!

                                   CALL mE to check out this Opportunity!