SPLOG... Your Spire Blog » homebuyer credit http://blog.spiredenver.com In the Heart of Downtown Denver Thu, 02 Feb 2012 20:19:47 +0000 en hourly 1 http://wordpress.org/?v=3.3 Senate passes new expanded Homebuyer credit 98-0 http://blog.spiredenver.com/index.php/2009/11/senate-passes-new-expanded-homebuyer-credit-98-0/?utm_source=rss&utm_medium=rss&utm_campaign=senate-passes-new-expanded-homebuyer-credit-98-0 http://blog.spiredenver.com/index.php/2009/11/senate-passes-new-expanded-homebuyer-credit-98-0/#comments Thu, 05 Nov 2009 17:52:29 +0000 SPIRE http://blog.spiredenver.com/?p=240 SPIRE Amenity LevelThe reasons to become a homeowner at SPIRE keep growing.

  • Great building
  • Great location
  • Great amenities
  • Great prices
  • Great market rates.

And now Homebuyer credit opportunities through June 30th for both new and existing homeowners have been approved by an overwhelming 98-0 vote in the Senate and now heads to the House of Representatives.

The existing $8,000 tax credit for new homeowners was already providing helpful assistance for new home purchases.  To qualify you needed to have not owned a house in the past 3 years.   That incentive has now been extended for contracts signed by April 30th and closed through June 30th of 2010.  With prices at SPIRE starting below $200K, this incentive opportunity creates a unique starting home possibility.

But the good news in the Senate announcement is not just for new home buyers.  It includes a $6,500 tax credit provision for existing home buyers who have owned a home in one of the past 5 years and with the same timelines.  This change puts smiles on so many potential new homeowners and creates one more reason to learn more about SPIRE’s residences in the heart of downtown Denver.

Contact our sales team at 720-457-7550 today to learn more about your own home opportunities at SPIRE and how the new homebuyer credit can benefit you.

SPIRE

Here is a blurb from the CNN article…

The legislation also would extend the $8,000 homebuyer tax credit to contracts signed by April 30 and closed by June 30. The controversial credit, which many say has boosted home sales in recent months, was set to expire after Nov. 30.

The Senate’s bill also created a $6,500 credit for those who buy a home after owning one for the last five years. That measure would apply to contracts signed by April 30 and closed by June 30. The current credit defines a first-time homebuyer as someone who has not owned a residence within the past three years.

www.spiredenver.com

]]> http://blog.spiredenver.com/index.php/2009/11/senate-passes-new-expanded-homebuyer-credit-98-0/feed/ 0 Plans to extend $8000 First Time Home Buyer Credit http://blog.spiredenver.com/index.php/2009/11/plans-to-extend-8000-first-time-home-buyer-credit/?utm_source=rss&utm_medium=rss&utm_campaign=plans-to-extend-8000-first-time-home-buyer-credit http://blog.spiredenver.com/index.php/2009/11/plans-to-extend-8000-first-time-home-buyer-credit/#comments Wed, 04 Nov 2009 16:35:02 +0000 SPIRE http://blog.spiredenver.com/?p=219 Enjoy the many SPIRE amenities

Enjoy the many SPIRE amenities

Terrific news was announced with plans to  extend  the $8000 tax through April 30, 2010, AND possibly expand the criteria to existing homeowners.  Here is a brief bit of the Bloomberg article and the associated link to Bloomberg.

Oct. 29 (Bloomberg) — The Obama administration endorsed plans to extend an $8,000 tax credit for first-time homebuyers, saying it is helping stabilize the nation’s housing market.

The tax break, enacted earlier this year as part of the $787 billion economic stimulus package, has “brought new families into the housing market and contributed to three consecutive months of rising home prices,” Treasury Secretary Timothy Geithner said today in a statement. The tax break will expire Nov. 30 unless Congress intervenes.

Senate Democrats have announced plans to extend the credit until April 30, while expanding it to include higher-income Americans and some who already own homes.

It appears that several other policies are moving into alignment for the benefit of current home buyers, including our new residents at SPIRE.  The Denver Post focused in on real estate in our own corner of the world last week and highlighted SPIRE along with the following…

Developer Randy Nichols is among those who believe the changes could be beneficial — at least in some cases.

He thinks his Spire project downtown at 14th and Champa streets could benefit under the new loan guidelines.

Spire is pre-approved for FHA loans, provided it reaches the sales threshold needed to qualify.

Spire is moving towards the current 51% sales threshold for FHA loans in order to commence closings.  New opportunities may allow for this threshold to be even lower.  The article continues with…

Pre-sale rule may change

However, the new guidelines are expected to reduce the required presales to 30 percent, according to speculation among people in the industry.

This is great news for our SPIRE homeowners. As one of the top performing high-rise buildings in the country, SPIRE is well on its way to that goal. There is something special about SPIRE. Visit us on the web at www.spiredenver.com, stop into our sales center, or call to schedule an appointment at 720-457-7550.

Your friends at SPIRE

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