Roswell Homebuyers – Homebuyer Tax Credit Extended
July 3, 2010 by Aaron Hofmann
Filed under Government, Real Estate
Roswell home buyers, you may yet get that homebuyer tax credit after all. This week, the Senate passed a bill to extend the $8,000 homebuyer tax credit until September 30th. It now goes to President Obama, who is expected to sign the bill. The bill was overwhelmingly approved by the House on Tuesday. The deadline had been June 30th to close on the property.
After a close brush with the deadline, Congress passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension and the new closing deadline for eligible transactions is now September 30, 2010. There will be no gap between June 30th and the date the President signs the bill into law.
Before you get too excited, the bill doesn’t help anyone currently shopping for a home. Buyers must have signed a contract by April 30th to qualify for the tax break. At issue is when the deal must be finalized.
Repeat home buyers also have until September 30th to close on new homes and receive a tax credit of up to $6,500.
Congress has been trying to pass the extension for the last month, but it got caught up in the usual Washington politics. The extension is estimated to raise the deficit by $9 million.
An estimated 200,000 people have missed out on the tax credit because they wouldn’t have been able to close by the end of business Wednesday. Many are trying to take advantage of short sales, which are complicated deals to complete.
Contact us for all of your Roswell real estate needs. We are local market experts and continue to find great deals for our clients.
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Roswell’s Riverside Sounds concert series
April 30, 2010 by Aaron Hofmann
Filed under Announcements, Events
| May 1, 2010 | ||
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| June 5, 2010 | ||
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| July 3, 2010 | ||
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| August 7, 2010 | ||
| 7:00 pm | to | 9:00 pm |
| September 4, 2010 | ||
| 7:00 pm | to | 9:00 pm |
| October 2, 2010 | ||
| 7:00 pm | to | 9:00 pm |
Roswell’s Riverside Sounds concert series will kick off on Saturday, May 1st with this year’s theme “The Southern Shuffle,” an unexpected and eclectic mix of southern sounds.
These free monthly outdoor concerts are held at Riverside Park, 575 Riverside Road, May thru October from 7-9 p.m. on the first Saturday of each month.
This year’s line-up includes:
May 1st – Webb Wilder and the Beatnecks
June 5th – The Brilliant Inventions
July 3rd – The Packway Handle Band
August 7th – Randall Bramblett Band
Sept 4th – Heather Luttrell
Oct 2nd – Marshall Ruffin Band
New reserved parking passes on sale, $30 per vehicle for a 6-concert season. A limited number are available for purchase at City Hall, 38 Hill Street, Suite 100.
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