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Wordy C Answers Her E-mail: First Time Homebuyers This IRS Link Is For You

Wordy C Answers Her E-mail: First Time Homebuyers This IRS Link Is For You

I am sick of misinformation so I am going to be direct and to the point. Click that link and read it from the Government's mouth and stop spewing circular arguments about how much time you do and don't have to buy a home.

If you buy instead of cry you can get your credit in for the 2009 tax season. Think I'm kidding? I'm not. Seriously...

Quoting the Government can be cool when you want to kill misinformation. My fave 2 Gov quotes:

"First-Time Homebuyer Credit Updated (Nov. 24, 2009):Homebuyer Credit Expanded and Extended The Worker, Homeownership and Business Assistance Act of 2009, signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return."

"The new law also: (1) Authorizes the credit for long-time homeowners buying a replacement principal residence. (2) Raises the income limitations for homeowners claiming the credit."

See? There you have it. I am a Realtor not a Mortgage Broker or a CPA so lets not drag me into your tax issues.

My last thoughts on the subject is Newsflash: IT AINT OVER!!! (LMAO).

My Tax Guy said this: "Get off the fence and get into contract before you do your taxes. Close before April and file your claim." Hubby is gonna do that and I shall blog about his social media closing later. In the meantime, please stop whining at us because we do not pick your home, YOU DO. Try not to drag your procrastination around with you longer than necessary because some of you gambled on an extension and lost out of some great deals. You did that while you were messing up the rest of our schedules. We have work to do so if you want that house in the next 90 days go call a Realtor. It not, do your lookie-lou routine on your own dime. The rest of us are trying to help families who want to relocate now. Seriously...

Was I too blunt? (LOL) ;-)

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Comment balloon 5 commentsC Tann-Starr • January 06 2010 01:12PM

Comments

C-Tann - BRAVO!  You tell em' girlfriend.  I am so tired of people asking me if the should buy or should they wait.  What's that line?  "If you're not buying now you're either stupid or broke".

Posted by Donne Knudsen, CalState Realty Services (Los Angeles & Ventura Counties in CA) almost 11 years ago

Really Carolyn I wish you would stop beating around the bush and tell it like it really is:)

Posted by Barb Szabo, CRS, E-pro Realtor, Cleveland Ohio Homes (RE/MAX Trinity Brecksville Ohio) almost 11 years ago

Nothing wrong a good straight forward response to the tax credit issue. I see a lot of people out there still confused about it.

Posted by JL Boney, III, Columbia, SC Real Estate (Coldwell Banker) almost 11 years ago

C - To know you is to love you and your bluntness!

Posted by Amy Salisbury, West Virginia Realtor/Jefferson/Berkeley (Leading Edge Properties) almost 11 years ago

LOL @ Donne. That line is stuck in my head now (LMAO). ;-)

LOL @ Barb. People called my house and went, "daaaaaang girlfriend... is it safe to come out now?" (LOL) ;-) Every so often I have to remind people we are actually working and not a Taxi service. If you do not have a pre-approval letter in place you are not seriously looking to buy. You can't buy without a lender being willing to provide you with a mortgage so why bother calling Realtors and making appointments? Several people had a cow because I told them to bring their documentation into the office. Their whine to me in sum and substance is no one else asked them for it. Seriously? That is sooooo not my problem. My answer is (a) you are a complete stranger, (b) I have not been retained, (c) unless I am satisfied that you are capable of closing escrow I have to pass on the lookie-lou opportunity. I am going to schedule my time with people who comply with pre-qualifications specific to entering into a representation agreement, meeting underwriting requirements and let everyone else do what they want with someone else. I would rather stay home with my kids and watch cartoons than waste my valuable time.

JL, I agree, people are and some blog posts make me cringe. I had drama with the hubby because he was on-line doing research and he kept arguing with me about something that was just soooo wrong it was causing me unnecessary stress. Misinformation by writers can be a dangerous thing. That's why I have a disclaimer on my profile page. Having a forum conversation does not mean a reader has retained a professional. Reading someone else's digital conversation does not mean the answer pertains to other readers. My own hubby thought he could write off his purchase for 2009 because his closing was delayed. I finally asked Mike a simple question: If it is a tax credit shouldn't you be asking the IRS and not a blogger? If the blogger is talking about the credit did they give credit to their sources so you can check the veracity of their statements? (e.g. a link back to the Government?) I gave him the link and he calmed down. Then I wondered how many other people are doing this. Then I checked my messages and had four tax questions, three mortgage questions and no Realtor questions (LOL). Thus, my post. :-)

Amy, sometimes being direct and to the point can keep you out of trouble (LOL). Blunt is good. Readers can't say they had no idea where the writer was coming from, eh? (LOL) ;-)

 

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) almost 11 years ago

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