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Recent Blog Posts by Pat Maher

Learning or unlearning.

After being told not to put any weight on my left leg for nearly 3 months , I am told to start applying 25% of my weight on that leg. The hard part is trying to put weight on the leg at all. I wonder if home buyers are experiencing the same automatic negative reaction to buying a home. Being told for a much longer time that things are bad and don't make a move. As much as I looked forward to being ...
Posted by Pat Maher @ 12:00 AM on 04/25/2011
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First time buyer tax credit extension

Congress has passed a bill allowing first time buyers additional time to close. The contracts had to be acepted prior to midnight April 30th,2010. But the closing and funding of those purchases have been extended.
Posted by Pat Maher @ 3:34 PM on 07/01/2010
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Home buyer tax credit

We are coming up on a first time home buyer tax credit, time crunch. There are 20 days from today to get a home under contract that must close and fund by June 30, 2010. The first time home buyer , has not owned a home for the past three years, or has never owned a home and is eligible for a tax credit of up to 8%. Home owners who have lived 5 of the last 8 years in their primary residence ...
Posted by Pat Maher @ 3:01 PM on 04/10/2010
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Time to buy

Tax incentives make buying now a good idea for the first time buyer who is thinking of making a purchase with in the next 2 years. Interest rates are at a low point that has not been seen in over 40 years. There are homes on the market at prices below their replacement cost and that are in "move in" condition. Neighborhoods and price ranges are different all over Albuquerque. Certain features are ...
Posted by Pat Maher @ 12:42 AM on 01/22/2010
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First time buyer's first tax time.

If you purchased your home in 2008 be sure you take your HUD closing statement along when you file your taxes! If you purchased after June , be sure you ask about the income tax credit for first time home buyers! A tax credit is applied against your taxes owed. If your credit is larger than your obligation you can get a larger refund. This amount can be as high as $7,500 so it makes sense to inquire ...
Posted by Pat Maher @ 4:37 PM on 02/10/2009
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First time homebuyer tax credit

The first time home buyer tax credit instituted by the Housing and Economic Recovery Act of 2008 allows for a tax credit of up to $7,500 dollars which can exceed the tax liability ie. a refund above the amount owed. First time home buyer is someone buying their first principal residence or has not owned a home for the previous three years. The dates of eligibility run from April 9,2008 through June ...
Posted by Pat Maher @ 8:42 AM on 10/24/2008
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