The First-Time Home Buyer Tax Credit Cancelled

Cancelled Extended and Expanded First-Time Home Buyer Tax Credit -
American Recovery and Investment Act of 2009

New Modifications Into April 2010

CREDIT AS CREATED JULY 2008 APPLIES TO ALL QUALIFIED PURCHASES ON OR AFTER APRIL 9, 2008	RULES AS WERE CHANGED IN NOVEMBER 2009 EFFECTIVE DECEMBER 1 THROUGH APRIL 30, 2010
Lesser of 10 percent of cost of home or $7500	$8000 credit (or $4000 credit for married spouses filing separately)
Any single family residence (including condos, co-ops, townhouses) that will be used as a principal residence.	No Change except price point up to $800,000
Yes. Reduces (or can eliminate) income tax liability for the year of purchase. Any unused amount of tax credit refunded to purchaser.
Yes. Full amount of credit available for individuals with adjusted gross income of no more than $75,000 ($150,000 on a joint return). Phases out above those caps ($95,000 and $170,000).	$125,000:  single person or $225,000: married person Additional $20,000
Yes. Purchaser (and purchaser’s spouse) may not have owned a principal residence in 3 years previous to purchase.	Applicant(s) must have utilized  the home being sold as the principal residence consecutively for 5 of 8 previous years.
No credit allowed if home financed with state/local bond funding.
Yes. Portion (6.67% of credit or $500) to be repaid each year for 15 years, starting with 2010 tax filing.	No. Buyers don't have to repay the tax credit, if owner occupies the home for 3 years or more. But, if the home is sold during the 3-year period, the tax credit will be recouped at home's sale.
If home sold before 15-year repayment period ends, then outstanding balance of repayment amount recaptured on sale.
July 1, 2009 (But note program changes for 2009)	Purchases after April 30, 2010
Purchases on or after April 9, 2008 and before January 1, 2009. Repayment to begin for 2010 tax year.	December 1, 2009 to April 30, 2010 Rules as enacted November 2009

Expired:: First Time Home Buyer Tax Credit 2009

Expired

Updated information regarding the FIRST-TIME HOMEBUYER TAX CREDIT portion of The American Recovery and Investment Act

1. Maximum credit amount increased to $8000.
2. All principal residences eligible.
3. Purchasers will continue to receive refund for unused amount when tax return is filed.
4. Same income limits continue to apply.
5. Still available for first-time purchasers only.
6. Three-year rule continues to apply.
7. Purchasers who utilize revenue bond financing can use credit.
8. No repayment for purchases on or after January 1, 2009 and before December 1, 2009.
9. If home is sold within three years of purchase, entire amount of credit is recaptured on sale.
10. Applies only to homes purchased in 2009.
11. Termination December 1, 2009.
12. All revisions are effective as of January 1, 2009.

Bozeman Homes For Sale

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Bozeman Real Estate Blog - Montana Real Estate Blogs

The Bozeman Real Estate Blog

Keeping you informed with superior real estate information to keep up-to-date about Bozeman, Montana and the surrounding region. 

With the Bozeman Real Estate Blog you'll get to know Bozeman and southwest Montana.

Come drive the backroads, climb the mountains; fish the rivers, ski the peaks; visit the shops, dine at the restaurants; learn the trails, explore its nature; know the area, love the area...the town, the mountains, the land...It's Time...Come Join Us!

The Bozeman Real Estate Blog allows me to offer you the chance to get to know an individual Montana REALTOR® with solid real estate knowledge and experience; an individual Montana REALTOR® with abundant energy and a tireless work ethic; an individual Montana REALTOR® who listens and offers you personal attention.

To that end, the "Bozeman Real Estate Blog" is a method for me to personally serve you, the reader, the future partner. This blog offers you pertinent Bozeman, Montana real estate information, a professional real estate perspective, and a personal touch; this is what a real estate blog should offer.

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Bozeman Real Estate 406.579.9683 

Bozeman Montana Green Homes - Montana Green homes

As we all probably know by now, green building techniques have the potential to be money savers. 

Green Building Techniques not only can you save on energy costs, a complete green home building program can:

1. reduce natural resources depletion, save natural and man-made resources.
2. lower your overall environmental impact.
3. lower water consumption - buildings consume 14% of US potable water.
4. encourage others to go green.
5. lower greenhouse gas emissions.
6. reduce the amount of energy drawn from local utility companies - buildings account for 39% of US energy use.
7. improve your indoor environmental quality.
8. lower air-pollution - buildings account for 38% of US carbon dioxide - CO2 - emissions.
9. lower dependency on foreign energy.
10. reduce the amount of building/solid waste sent to local landfills.

According to guidelines of NAHB Model GREEN Home Building, the green building processes build in environmental considerations to every phase of green home building processes. That means that during the design, construction, and operation of a home, homeowner maintenance, lot development, resource efficient building design and materials, energy and water efficiency, indoor environmental quality, and the home's overall impact on the environment are all considered.

June 20, 2008 found both the Montana Home Builders Association and the Missoula Building Industry Association created a new voluntary residential green building program, named the Montana Green Building Program. This program has partnered with the Green Building Initiative (GBI) and is designed to help increase Montana energy-efficiency and produce more environmentally-friendly Montana homes. This Green Building Program has outlined a entry level that will offer training resources and practical green building methods for Montana green builders.

US Green Building Council

Taunya Fagan Bozeman Real Estate, giving you the advantage...®

Ten Rules to Follow When Selling Bozeman Montana Homes

Ten Rules to Follow When Selling Bozeman Montana Homes (from MontanaRealtors.org)

1. Hire a good agent. A professional REALTOR® who knows your neighborhood and has a good track record in your community will go a long way in helping to find a buyer.

2. Clean out the clutter. Open spaces look best. Clean, and clean some more to make a good first impression.

3. Spiff up the property. Make any improvements that will improve the showing of your home. When possible, stick with the simpler (and less expensive) options to be sure the buying price covers your investment.

4. Determine the worth. Know the fair market value of your home. Your REALTOR® can help you assess the cost. You may also want to have the home appraised.

5. Price it right. A REALTOR® can help you objectively set the price so that it reflects the value of your home and the trends of the surrounding community.

6. Come up with a plan. Are you set on your price or eager to move? How low are you willing to go to settlement?

7. Get pre-approved for your next move. If you’re looking to buy another house, make sure you know your financial situation.

8. Figure out your selling costs. Commission, ad costs, attorney fees, taxes and prorated costs may all come into play. REALTORS® deal with transactions every day and can give you a very close estimate of seller closing costs.

9. Set the Stage. Clean the windows, open the curtains, turn on the lights, display fresh flowers. A bright house is a welcoming house.

10. It’s show time. Be ready and willing to have your home shown any day, even with short notice. Making it difficult to see will also make it difficult to sell.

Taunya Fagan Bozeman Real Estate, giving you the advantage...®

7 Ranges Ranch - Bozeman, Montana Ranches

7 Ranges Ranch - Seven Ranges Ranch - Montana Ranches - Montana Farm and Ranch - Montana Horse Property - Bozeman Ranches - Bozeman Horse Property - Gated Ranches - Montana Horse Acreage

7 Ranges is located on a quiet ranch in the Hyalite Mountain Range foothills near vibrant, Dream Town, Bozeman, Montana. The Bozeman region is home to world class fly fishing, skiing, and a plethora of sporting and cultural activities. Nightlife and commercial amenities can also be found in charming Gallatin Gateway, with it's rustic character and Montana small town feel.

Seven Ranges is a private, gated, luxury land community, offering 18 home sites spread over 1300 rolling acres. This secluded setting in Montana's Gallatin Valley foothills lies between Bozeman and Big Sky, offering easy driving to skiing and easy walking to miles of trails for enjoyment and access to thousands of acres of Forest Service.

You will be amazed at the stunning, 360 degree views of the beautiful Gallatin Valley, circumscribed by seven mountain ranges. Utilities are available to each 7 Ranges' tract and covenants allow for a private residence, a guest house, a barn and outbuildings. Horses are very welcome.

With all that 7 Ranges has to offer, it has been well worth the wait.

For more information on Seven Ranges...

Call 406.579.9683 or email to taunya at taunyafagan.com

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Habitat for Humanity Gallatin Valley, Montana

Join Habitat for Humanity of Gallatin Valley (HfHGV) for the Ride for Homes, a special fundraising event with a scenic motorcycle ride followed by a BBQ dinner and rock concert at Bogert Park in Bozeman, Montana, on Saturday July 12, 2008, beginning at 10:30 am.

Registration begins at 9:00 am, Saturday, July 12 at Yellowstone Harley-Davidson, 540 Alaska Frontage Road, Belgrade, Montana. Phone: 406.388.7684 - Yellowstone Harley-Davidson

BBQ, Auction, & Rock Concert with "Comstock Lode" is at Bozeman's Bogert Park, on East Main Street, from 4:00 pm - 6:00 pm.

Taunya Fagan Bozeman Homes For Sale

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