It is finally official. The homebuyers’ tax credit has been extended to April 30, 2010.

I am sure lots of area home-buyers have thought this was approved a couple of weeks ago, however the President just signed the Bill this afternoon.  The original 1st time home-buyer credit was extended and there was a new provision inserted to allow for higher income and for home-buyers who would like to be move-up buyers to receive a credit of $6,500 with certain restrictions.  This next week I will be posting more in-depth about this bill but wanted to give an update and some quick facts.

• Home-buyers must sign a contract before April 30 and close by June 30.
• Single buyers can now earn up to $125,000 and still get the full credit while a married couple can earn $225,000.
• First-time buyers — those who have not owned a home in the past three years — still qualify for an $8,000 rebate.
• Those who have owned and occupied a residence for at least five years out of the past eight can claim a $6,500 tax credit if they close on a purchase by the end of June.

There are several news articles you can read for more information
BREAKING NEWS: President Obama Signs Bill Expanding Homebuyer Tax Credit

$8,000 homebuyers tax credit extended

First-time home buyer credit, jobless benefits both extended

Obama signs homebuyer, jobless bill assistance

Bremerton WA Real Estate | October Homes Sold

During the month of October there were 68 homes that sold in Bremerton.   That is 14 homes less than in September.  Seems odd since the NWMLS has reported such a surge in October Puget Sound wide due to the then planned end date of the first time home buyer tax credit.   These Bremerton homes actually had a transfer of home ownership.  Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages.  Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site.  There you can find definitions and explanations of the home buying process for Bremerton Washington.

Let’s look at those 68 Bremerton homes -

Average List Price

• $203,933
• $132 per sq ft

Average Sold Price

• $202,524
• $132 per sq ft

The average sq ft of these 68 Bremerton homes was 15701 sq ft.  These homes spent an average of 132 days on the market (DOM).

The list to sale ratio for these homes was 99.31 percent.  What that meas is that buyers offered 99.31% of what the seller requested.

Not a bad time to purchase a home in Bremerton, Washington.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

It is finally official. The hombuyer’s tax credit has been extended to April 30, 2010

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Check out some of Kitsap County Real Estate Market Data here - Kitsap County Real Estate Market Data FYI

What do these numbers mean?  Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation.  I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds.  I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

Bremerton Real Estate 2009 Market Reports

• Bremerton Real Estate | February Homes SOLD
• Bremerton Real Estate | March Homes SOLD
• Bremerton Real Estate | April Homes SOLD
• Bremerton Real Estate | May Homes SOLD
• Bremerton Real Estate | June Homes SOLD
• Bremerton Real Estate | July Homes SOLD
• Bremerton Real Estate | August Homes SOLD
• Bremerton Real Estate | September Homes SOLD

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed

Silverdale WA Real Estate | October Homes Sold | Homes Sold in Silverdale WA 2009

During the month of October  there were 10 homes that sold in Silverdale.  These Silverdale  homes actually had a transfer of home ownership.  Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages.  Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Silverdale Washington.

Let’s look at those 10  Silverdale homes that sold in October -

Average List Price

• $311,865
• $147 per sq ft

Average Sold Price

• $307,150
• $148 per sq ft

The average sq ft of these  Silverdale homes was 2173 sq ft.  These homes spent an average of  156 days on the market (DOM).

The list to sale ratio for these homes was 98.49 percent.  What that meas is that buyers offered 98.49% of what the seller requested.

Not a bad time to purchase a home in Silverdale, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

Silverdale Real Estate 2009 Market Reports

• Silverdale Real Estate | February Homes SOLD
• Silverdale Real Estate | March Homes SOLD
• Silverdale Real Estate | April Homes SOLD
• Silverdale Real Estate | May Homes SOLD
• Silverdale Real Estate | June Homes SOLD
• Silverdale Real Estate | July Homes SOLD
• Silverdale Real Estate | August Homes SOLD
• Silverdale Real Estate | September Homes SOLD

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed

Port Orchard WA Real Estate | October Homes Sold | Homes Sold in Port Orchard WA 2009

During the month of October there were 68 homes that sold in Port Orchard. This is 8 more homes sold than in September.  These Port Orchard homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Port Orchard Washington.

Let’s look at those 68 Port Orchard homes -

Average List Price

• $250,706
• $136 per sq ft

Average Sold Price

• $245,556
• $133 per sq ft

The average sq ft of these 68 Port Orchard homes was 1912 sq ft. These homes spent an average of 138 days on the market (DOM).

The list to sale ratio for these homes was 97.95 percent. What that meas is that buyers offered 97.95 % of what the seller requested.

Not a bad time to purchase a home in Port Orchard, Washington. In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

have written about the program here

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

$8,000 Tax Credit Extension – Looks Like a Done Deal – President Obama to sign this week

Rhonda Porter over on Facebook published the link to the CBS MoneyWatch.com site so I thought I would share the news.  Of course we still need President Obama to sign the extension so contracts pending in escrow still need to be processed with the November 30th deadline until he signs it this week.  This should take some pressure off a couple of escrows I have that are set to close by November 30th.  With all of the days the county is closed and the Thanksgiving Holiday, November closings were getting a little stressful.