Nearby the quaint town of Newark has so much to offer. Its Main Street is lined with a seemingly endless array of specialty shops, coffee cafes, multiplexes, quiet parks and affords homebuyers a myriad of cultural and entertainment opportunities that this prestigious college town creates. The university offers many public lectures, theatrical presentations and film series, plus year round sporting events. Adjacent to the Village of Fountainview is the Newark Senior Center with its many organized activities and outings. Newark is also well serviced by mass transportation, making getting around to the areas multiple shopping centers, recreational mall at Christiana, and medical facilities a snap. The nearby Amtrak station offers park-and-ride service for longer journeys. We have it all at Fountainview.

Despite Economy, Demand for Housing Rises
According to a new Move.com survey, half of all homeowners (49 percent) say they would buy another home today if they could sell their current home for what they paid for it or more.

Demand for homeownership remains strong despite today’s economy, and first-time buyers are responsible for a significant portion of all home sales, the survey finds. One in five consumers (21 percent) says they plan to purchase a home in the next 12 months to five years, with 7.9 percent planning to purchase within the next two years. Of those planning to purchase a home in the near future, half (50.7 percent) are first-time buyers, and more men are interested in owning a home as a first-time buyer than women (55 percent vs. 45 percent).

Factors that influence homeowners’ decisions to sell their current home and purchase another one include a desire to: decrease monthly expenses (25.4 percent); obtain more space for a growing family (20 percent); find better schools for their children (14.1 percent); be closer to neighborhood amenities (12.3 percent) or work (10.9 percent); and move to a larger, nicer home because they are doing well (10 percent).

Interest in real estate as an investment has more than tripled in the past year, with 17.2 percent of potential home buyers indicating they plan to purchase a home in the near future as an investment compared to 5.6 percent a year ago.

Delaware Property Tax Rates.pdf

The best advertising today is done on the internet. But did you know that we are using Facebook as well? Here is only one way we market homes with technology and social media.

 

How to Get the Extended Home Buyer Tax Credit

You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here's what you have to do to get your benefit:

1. Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract by April 30, 2010 and close by July 1, 2010.
   
2. Decide whether to:
   • apply the credit to your 2009 tax return, filed on or before April 15, 2010;
   • file an amended 2009 return; or,
   • apply the credit on your 2010 return, filed on or before April 15, 2011.
     
3. Attach documentation of purchase to your return.

Documentation of Purchase

Details concerning the precise documents required to confirm your purchase have not yet been released. When this information becomes available, we will include instructions and links to the appropriate forms.

When to Apply the Credit

Buyers purchasing homes on or before December 31, 2009 may claim the credit on their 2009 tax returns.

Buyers purchasing in 2010 will have the option to:

• Claim the credit on their 2009 return, even if the purchase is completed after December 31, 2009;
• File an amended return for 2009 if their purchase is completed after April 15, 2010; or,
• Claim the credit on their 2010 tax returns.

If you, or your client, purchased a home between January 1, 2009 and November 6, 2009, please see: How to Get the 2009 First-Time Home Buyer Tax Credit.

Applying the Credit to Your 2009 Taxes

You will need to do three things to claim the credit on your 2009 tax return:

1. Fill out Form 5405 to determine the amount of your available credit;
2. Apply the credit when you file your 2009 tax return or file an amended return;
3. Attach documentation of purchase to your return or amended return.

Applying the Home Buyer Tax Credit to Your 2009 Tax Return

Bridge Loans: Using the Home Buyer Tax Credit Up-Front