
(Article Courtesy of Peabody&Lynnfield Weekly News-March 19, 2009)
(Article Courtesy of Peabody&Lynnfield Weekly News-March 19, 2009)
(Article Courtesy of Peabody&Lynnfield Weekly News-March 5, 2009)
Congratulations! Congress has increased the homebuyer tax credit to $8,000 and has made several improvements concerning this credit. This bill provides for an $8,000 tax credit that would available for first time home buyers for the purchase of an owner occupied residence on or after January 1, 2009 and before December 1, 2009 and the best news is that this credit does not require repayment. The credit will be claimed on a tax return to reduce the buyers income tax liability. If any credit remains unused, then the unused amount will be refunded as a check to the purchaser.
(Article Courtesy of Peabody&Lynnfield Weekly News-March 5, 2009)
(Article Courtesy of Peabody&Lynnfield Weekly News-March 5, 2009)
In Peabody, the average sales price for a home fell by 9% in 2008. During that time the total number of homes sold in Peabody declined by 5%. Looking forward we are hopeful that 2009 will be a better year. Interest rates are down to historic lows. We are working with a number of strong buyers anxiously awaiting the right home in order to take advantage of these favorable rates. At the same time we are experiencing a shortage of inventory in a number of key price ranges. In these current market conditions, we have found that a home priced reasonably still sells fairly quickly. Since 1952, in good times and bad, Northrup Associates has been the name that people trust. Now more than ever, if you are thinking of buying or selling a home give us a call so we can put our experience and expertise to work for you. (Article Courtesy of Peabody&Lynnfield Weekly News-March 5, 2009)