Legislation was signed over the weekend to extend the closing deadline for the First-Time Homebuyer Credit. The extension moves the closing date requirement from June 30th, 2010 to September 30th, 2010. Please note that this does not open up the tax credit to those that do not already have an executed purchase agreement…it just allows...
President Obama signed the American Recovery and Reinvestment Act of 2009 into law last week. Of note to potential home buyers and current home owners was Section 1006, which granted an “Extension of and Increase in First-Time Homebuyer Credit” as well as a Waiver of the requirement to Repay. Here are the details: The previous...
A new state mandate requiring carbon monoxide alarms in existing single-family homes went into effect on August 1, 2008, that is protecting buyers and surprising sellers. Keep reading to find out how to prevent this silent killer’s new law from sneaking up on you…
UPDATE (2/24/09): Revisions have been made to this bill with the American Recovery and Reinvestment Act of 2009. After reading about this bill, read about the changes made here. In this second post of our H.R. 3221, the “Housing and Economic Recovery Act of 2008″ Series, we talk about a provision included that allows most...
Okay, “10,000+ Reasons to Buy a Home” might seem a bit excessive, but in a new housing initiative called Minneapolis Advantage, the city of Minneapolis is offering just that….up to a $10,000 zero-interest, zero-payment loan that’s forgivin over a 5 year period (a.k.a. totally FREE after the 5 years are up) to qualified buyers that purchase a home in one...
Newsweek has recently published their list of America’s Top Public Schools. Edina High School ranked number 93, and was the only Minnesota high school in the top 200. Other notable schools in the top 300 were St. Louis Park High School at 209 and Southwest High School (in Minneapolis) at 215. To see other schools...
View Larger Map Google has been synonymous with everything from great search, to amazing free email, to maps, etc…but one of their relatively new features (for Minnesota at least) is Google Street View. Google Street View is built right into their Google Maps feature. The implications of this tool for your home search are enormous....
There are currently at least 29 short sales that are available for sale in the Edina and Southwest Minneapolis markets (found by searching in agent comments for “bank approval” and “short sale”). In the Camden area of Minneapolis, there are at least 70. If I look at Minneapolis proper, the number is over 315…St. Paul...
With the constant barrage of negative media surrounding real estate these days, it’s no wonder that newlyweds and other first-time home buyers are putting their dreams of buying their first home on hold. But 2008 promises to be as good a time as any to buy your first home and here’s why: It’s a buyer’s...
Green is the new black during this, the final weekend of the 2008 Parade of Homes Spring PreviewSM presented by Builders Association of the Twin Cities’ members. This year’s Guidebook includes plenty of great Green articles to help us make sense of this growing movement and the homes in this year’s 14-home earth-friendly mini tour...
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