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There are always important changes happening in the Oklahoma real estate market and nationally. These changes can affect YOU.
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"Chris goes the extra mile"
"Chris is very knowledgeable about the Historic Neighborhoods in Oklahoma City"
Travis Weber - Oklahoma City, Oklahoma
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HOT TOPIC ~ Home Buyer Tax Credit
 The economy received an incredible boost by the tax credit this past year and congress hopes to have a repeat performance for the next year. This is exciting news for first time home buyers! The mad dash to buy and close a property before December 1, 2009 is no longer necessary. SO..... if you just missed it or were waiting to save up a little more, you're in luck! The $8,000 tax credit for first time home buyers is still available (and it also applies to second time home buyers that currently do not own a home and have been leasing for 3 or more years).
What makes the new legislation even more exciting is not only do first time home buyers get a break on taxes, but the new credit also applies to anyone who is currently a home owner for five consecutive years. Buyers can "trade up" and receive a $6,500 tax credit!
Important ~ 2 Dates to Remember!!
In both cases buyers will need to have a contract on a house by April 30th, 2010 and close on or before June 30, 2010 to be eligible. Plus, this tax credit is not a write-off; you will receive this amount dollar-for-dollar when you file your taxes (without any obligation to pay it back)!
The Allen Group (TAG) at Re/Max First is ready to help you trade up or take that big step of owning your own home for the very first time. To learn more about the details of the legislation just passed, please call us at 1.877.BUY.OKLA or 405.843.8448. If you're considering a move, you won't want to miss out on these great incentives. Let us open doors for you!!
For More Information about the "TAX CREDIT" click here to visit Wall Street Journal's Article!
Happy House Hunting!
~ the Allen Group
Buying Land and New Construction >Buying New or Buying Old
New homes typically have a higher sales price than comparable existing homes, and buyers are usually willing to spend more on a new home because of lower maintenance costs. Builders' warranties on new homes, when combined with a new roof, appliances, and major systems, usually make major repairs unnecessary and help to counter a slower initial rate of appreciation.
Census Bureau Housing Surveys suggests that operating costs are lowest for brand new homes and slightly higher for relatively new existing homes. Operating costs per square foot of living space are consistently higher for progressively older existing homes. Utility costs represent the largest factor in operating costs. Energy consumption per square foot depends on the size of the home, the insulation and quality of the windows, air leakage and the efficiency of the furnace.
New homes require fewer expenditures for routine maintenance. The cost of maintenance first increases with age, then declines, so you will generally spend less maintaining a home built before 1960 than for a home built between 1970 and 1975.
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Which home is #1 on the Top 10 list for most-visited Historic Home in the United States?
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| A |
Graceland, the palatial home of Elvis Presley in Memphis, TN, attracts 600,000 visitors a year. |
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- NUMBER1EXPERTS™ 
