Oswaldo "Wally" Torres, Your Friend in Real Estate!: December 2009

Can you no longer afford your home?

  • Behind on your mortgage?

  • Is your mortgage more than the current value of your home?

  • Are you experiencing a financial hardship?

  • Are You Facing Foreclosure?

  • Can you no longer afford your home?

You are not alone! Know Your Options!

We will negotiate with your lender on your behalfto accept less than you owe on your mortgage, and forgive the difference; this is called a Short Sale! With a Short Sale you can basically list your home for FREE since my fee is paid by the lender - all while protecting your credit!

Call TODAY for a confidential interview!

727.247.6355 

Oswaldo "Wally" Torres                                           

REO, Short Sale & Loss Mitigation Specialist

  

0 comments • Oswaldo "Wally" Torres, Your Friend in Real Estate! • December 15 2009 11:33AM

$6,500 Existing Home Owner-Homebuyer Tax Credit

 The Worker, Homeownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified existing home owners purchasing a principal residence after November 6, 2009 and on or before April 30, 2010. Homes with a binding sales contract signed by April 30, 2010 must close by June 30, 2010 to qualify for the tax credit.

The law defines a tax credit qualified move-up home buyer as a person who has owned and lived in the same home for at least five consecutive years of the eight years prior to the purchase date. For married taxpayers, the law tests the homeownership history of both the home buyer and their spouse.

The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $6,500. Purchases of homes priced above $800,000 are not eligible for the tax credit. Repeat home buyers do not have to purchase a home that is more expensive than their previous home to qualify for the tax credit.

The maximum income limit for single taxpayers is $125,000 and $225,000 for married taxpayers filing a joint return. The tax credit amount is reduced for buyers with a modified adjusted gross income above those limits.

To learn more, please contact me and let's get started!
0 comments • Oswaldo "Wally" Torres, Your Friend in Real Estate! • December 02 2009 03:06PM

First Time Home Buyer Tax Credit of up to $8,000

The Worker, Homeownership and Business Assistance Act of 2009 has extended the First Time Home Buyer Tax Credit of up to $8,000 to qualified first time home buyers.

The tax credit now applies to sales occurring on or after January 1, 2009 and/or before April 30, 2010. Homes under contract by April 30, 2010 will qualify for the tax credit if closed by June 30, 2010.

The First Time Home Buyer Tax Credit is equal to10% of the purchase price up to $8,000.

To qualify for the Tax Credit a First Time Home Buyer is someone who has not owned a primary residence during the three years period prior to the purchase. For married couples, the law tests the ownership history for both the home buyer and the spouse. For sales occurring after November 6, 2009 the income limits for single taxpayers is $125,000 and for married tax payers filing joint returns $225,000. The tax credit amount is modified for taxpayers exceeding those income limits.

The purchase price for the home has to be equal to or less than $800,000.

To learn more about the advantages of the first time home buyer tax credit give us a call at 727.247.6355 and we'll be glad answer any questions that you may have concerning the tax credit.

Always seek the advice of a qualified tax advisor on this or any other tax related matters.   
0 comments • Oswaldo "Wally" Torres, Your Friend in Real Estate! • December 02 2009 03:04PM

Featured Homes, Realtor.com

Dear Homeowner(s),

Do you think being first is important? When it comes to selling homes for more I can assure you it does. Featured Homes on REALTOR.com® are seen 10 times more often,¹ on average and this increased exposure can translate into potentially greater demand for your home and help it sell for more.

I am pleased to be one of the few REALTORS® in New Port Richey utilizing the most powerful online real estate marketing program in America - the Featured HomesTM Marketing System on the #1 real estate site, REALTOR.com® .² When potential home buyers search for homes for sale, they will see your home prominently displayed first, with a full color photo, at the top of the page on REALTOR.com®.  Through powerful relationships, your home will also appear on MSN®, the Wall Street Journal online, and over 50 additional real estate and franchise sites.  

You can now benefit from this enhanced presence on REALTOR.com®, where your home will stand out to more than 5.7 million individuals each month. 1 Couple this with the fact that home buyers and sellers spent 78% of the time they spent searching for a home online on REALTOR.com®,3 and it's easy to see the powerful impact my Featured HomeTM spot can have for your home.   

This is just one of the key ways I leverage recent changes in home buyer online behavior to get your home the maximum exposure it deserves when you are ready to sell. I invite you to visit my personal website at www.wallytorres.com to learn about my commitment to real estate marketing, or if you prefer, you can call me at 727.247.6355.

I would be delighted to meet with you in person to demonstrate how I can use the REALTOR.com® Featured HomesTM Marketing System and Future Home Realty's expert marketing resources to powerfully market your home.

Sincerely,

Oswaldo "Wally" Torres                                                                                                                        Future Home Realty

 ¹ Based on REALTOR.com® internal analysis for May 2007 average measure of property views with Featured Homes versus property views for non-Showcased Listings REALTOR.com® each month of 2007 Net Ratings - ® and other comparable real estate aggregation sites and excluding sites of franchisors/brokers

 

0 comments • Oswaldo "Wally" Torres, Your Friend in Real Estate! • December 02 2009 02:50PM