Rutherford NJ Real Estate Blog

July Podcast is Available

Thursday, July 23, 2009

by Glenn Elliot

Hi All,

The July edition of my Rutherford NJ Real Estate podcast is now available. This month's edition covers Rutherford, NJ real estate market activity and then we'll tell how a timely inspection report can net buyers an extra $8,000 this summer! Features special guest Terri Murphy of US Learning.

To listen to it click on the microphone below or click here. Hope you enjoy the show. You can also listen to earlier podcasts from this site.

Websites mentioned in the show are

www.GlennSellsNJ.com and www.NorthJerseyBankOwned.com

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Really Good Info on Income Tax Credit

Friday, July 10, 2009

by Glenn Elliot

The National association of REALTORS(r) have created a chart and FAQ about the housing income tax credit that is very informative. View it here.

BTW - If you qualify for this credit but haven't bought a house yet, you need to hurry. A lot of things can holdup a closing and you need to close by 12/1/09 in order to receive the credit. The clock below tells you how much time you have before this great tax credit expires. Give me a call today. Don't leave $8,000 on the table by delaying!!!

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Are You Really going to Live with Your In-Laws

Wednesday, June 17, 2009

by Glenn Elliot

Check out this video from NJAR

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Glenn Elliot nj real estate Income Tax Credit ERA Justin homebuyer

Time is Running Out

Sunday, June 14, 2009

by Glenn Elliot

I need to remind everyone that if you are planning to take advantage of the Homebuyer Income Tax Credit, you need to act now. This credit expires on December 1, 2009, which might seem like a long way off but it really isn't. You must close on the house by 12/1/09. If you close on 12/2/09 or after, you do not qualify and there are no exceptions. Assuming a 90 day escrow period, you must go into contract by 9/1/09 which means you must be looking now. Plus you need to give yourself time for delays in the closing process, so I would advise going into contract by 8/1/09. The clock below tells you how much time you have before this great tax credit expires. Give me a call today. Don't leave $8,000 on the table by delaying!!!

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Using Credit For Down Payment is Very Confusing

Sunday, May 31, 2009

by Glenn Elliot

Now it looks like they are going to allow buyers to use their income tax credit as their downpayment on FHA loans, but only as a 2nd mortgage through state housing finance agencies. It looks like the tax credit can only be used to put mire than the minimum (3.5%) down. Some of this is not very clear but I'm sure that it will be made clearer in the days ahead. Read the details here.

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First-Time Buyer Tax Credit Cannot Be Used as Downpayment

Sunday, May 24, 2009

by Glenn Elliot

Even thought the Secretary of HUD announced last week that buyer will be able to use the tax credit as their downpayment, it now looks like this will not be allowed. Check out the details of this government about face here.

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First-Time Buyer Income Tax Credit Can Now Be Used As Downpayment

Wednesday, May 20, 2009

by Glenn Elliot

I recently returned from a conference in Washington, DC at which HUD Secretary Shaun Donovan announced that the $8,000 First-Time Buyer Income Tax Credit can now be used as a down payment on FHA loans. Details of this are here http://www.marketwatch.com:80/story/hud-secretary-announces-monetization-of-tax-credit-at-nar-real-estate-summit?siteid=nbkh or by clicking here.

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Joan Rivers on Celebrity Apprentice

Tuesday, May 05, 2009

by Glenn Elliot

I happen to be a poker player, so I'm offended by what Joan Rivers says about them on this clip from Celebrity Apprentice, but it is funny.

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$8,000 Real Estate Income Tax Credit Info on Realtor.org

Tuesday, April 28, 2009

by Glenn Elliot

I have a video on my home page at www.GlennSellsNJ.com that explains the $8,000 first time buyer's income tax credit very clearly, but I also just discovered a page on Realtor.org that also does a good job of explaining it. You can reach this page by clicking here (if this link doesn't work, copy http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit?lid=ronav0019 into you browser). If you have further questions you can call Glenn Elliot of ERA Justin Realty at 201-939-7500 x 222 or toll free at 1-877-85-Glenn. You can also reach Glenn by email at RealEstateInfo@GlennElliot.com

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My Virtual Tours

Saturday, April 18, 2009

by Glenn Elliot

The widget below has the virtual tours for all of my active listings. To view a tour click on the arrow until you find the tour that you want and then click on the tour to view.

You can view all of my listings here

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