Mums Finance

This is a Sponsored Post written by me on behalf of Coldwell Banker. All opinions are 100% mine.

It has been said many times that in order to make money you have to spend money and with regards to real estate this is certainly true. With the recession the homebuyer has found it difficult to get a foot on the property ladder, and if you are already an occupier you will have been hesitant to make the move to a new property. The tax credits scheme will enable prospective homebuyers – and first home buyers – to take advantage of these lucrative tax credits on offer:

- If you are a first home buyer you can benefit from up to $8000 in tax credits. This offer also includes those who have not owned a home for the previous three years. The limit of the price for the new home purchased is $800,000.

- If you have lived in your current home for five of the eight past years you can benefit from up to $6,500 in tax credits. This is particularly useful in encouraging current home owners to ‘trade up’. The scheme has been expanded to include those in this category so take advantage of it.

- Due to restrictions there probably will be no more extensions on this scheme so with this in mind you will need to have a written, binding contract by April 30, 2010 and must close by June 30, 2010.

- There are income limits: $125,000 for singles and $225,000 for married couples with a $20,000 phase-out of the credit for both.

More information here which explains how important the 2010 Homebuyer Tax Credits scheme is in getting the home industry back on track:

What this guy is saying basically is that homebuyers are vital to the nation’s economy – first homebuyers and subsequent buyers all make a significant contribution to keeping the economy stable. We need folk to buy homes, we need folk to sell the homes – and the easier and less complicated it is made to achieve this the better.

I encourage you to visit the site and get informed about this scheme; even if you have only been considering buying your first home in 2010 you can still qualify but you need to get moving. Try starting the search for your next/new home while you there!

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Being a part of the modern age – and a race of mobile phone devotees – means that you cannot escape the issue of the cell tower and it’s presence everywhere you look. Okay, so they do appear to be a blot on some very lovely landscapes but if we want our mobile phones to work then we are stuck with them.

If you are a landowner you might already have been approached by companies to consider leasing some land for the construction of a tower or you might be needed to re-lease or you just may have some issues regarding the situation.

If you follow the above link you can contact Steel in the Air are consultants who specialise in this field and can assist you.

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It’s the same story in the USA – people want to buy but the banks don’t want to lend. The housing market is pretty depressing in the United Kingdom at the moment and it remains to be seen how things will go when the banks bend to Govt pressure to start lending again.

A friend of ours in the Outer Banks area of North Carolina in the US tells just about the same story; the vacation rental side of things is not doing too badly however the residental real estate side of things is more along the lines of ‘wait and see’.

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