Colorado Dreams » Uncategorized http://coloradodreams.com/blog Here to help you with your real estate needs in Summit County Colorado Tue, 19 Apr 2011 16:33:47 +0000 en hourly 1 http://wordpress.org/?v=3.2-bleeding Tax Credit Extended and Expanded http://coloradodreams.com/blog/2009/11/tax-credit-extended-and-expanded/ http://coloradodreams.com/blog/2009/11/tax-credit-extended-and-expanded/#comments Fri, 13 Nov 2009 17:12:07 +0000 admin http://coloradodreams.com/blog/?p=43 Last week congress expanded the tax credit to homeowners who want to move into a new principal residence and extended the current credit till April 30, 2010. It doesn’t apply to investment properties or second homes.

For the first-time home buyer the credit continues to be $8000. the bill authorizing the credit was to expire at the end of November so this is really good news for buyers who hadn’t taken advantage of the credit. The other neat thing about the credit is that it is possible to amend your 2008 tax return and receive the credit right away.

Now it pays to move for a current homeowner too. For the existing homeowner there is a $6500 credit, the buyer must have lived in the home 5 consecutive years out of the last eight. They don’t have to sell the first property, but the new home must be a principal residence. The new home does not need to cost more than the old home.

There are income limits and the upgrade home can’t cost more than $800,000. The National Association of Realtors put together a chart showing the changes and a Frequently Asked Questions page.

]]> http://coloradodreams.com/blog/2009/11/tax-credit-extended-and-expanded/feed/ 1 4th of July on the Green Mountain Reservoir http://coloradodreams.com/blog/2009/07/4th-of-july-on-the-green-mountain-reservoir/ http://coloradodreams.com/blog/2009/07/4th-of-july-on-the-green-mountain-reservoir/#comments Mon, 06 Jul 2009 21:57:31 +0000 admin http://coloradodreams.com/blog/2009/07/4th-of-july-on-the-green-mountain-reservoir/ It seemed like there weren’t as many people up as other years, though it looked like mini cities at the campgrounds. Not as many boats out. I talked to Don Abbott who owns the Heeney Marina and he said there were around 125 boats that had put in over the weekend. While I was having an open house I made a little video of the view from 94 Happy Landing. That view is hard to beat.
Green Mountain Reservoir view

Green Mountain Reservoir view

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