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Property tax credit will help stimulate more home sales in 2010

December 17th, 2009


A proposal before the Missouri Housing Development Commission would credit up to $1,250 in property taxes for qualified buyers.


Buying a home in Missouri in 2010 looks to include even more incentives for people to enter the housing market. The Missouri Housing Development Commission (MHDC) is considering a proposal to provide up to $1,250 in property tax breaks for qualified buyers. This, on top of the extended first-time buyer $8,000 tax credit and $6,500 for repeat buyers, sets up next year as one of economic stimulation for Missouri.

The property tax break is supported by Gov. Jay Nixon and State Treasurer Clint Zweifel, the MHDC chairperson. This $15 million proposal would be funded from the Commission’s reserve fund. An estimated 9,000-11,000 households could benefit. Show your environmentally friendly side and the commission will provide an extra $500 if the house is energy-efficient or if the buyer can begin energy efficient steps within 60 days of closing. This perk includes improvements like insulation, energy star rated appliances, efficient water heaters and windows.

Income limits do apply, ranging from $58,300 to $98,560.

The big day is Friday, December 18, when commission members vote on the proposal. Because of all these incentives, those thinking about buying a home next year need to set up a planning schedule and begin sprucing up your house for sale. The first step is to analyze your finances, work on getting as big a down payment as possible, and check that credit score. There may be reports on your score that are wrong or fraudulent, reducing your score and the size of loan. By checking now you’ll avoid problems when you are ready to buy.

And, investigate the MHDC to see if you qualify for more assistance. The Commission administers any number of housing programs, from purchasing a home with a First Place loan, assistance for veterans, buying property in disaster areas and home repair grants. Help is out there for homebuyers to realize property ownership.

Written by Myra Vandersall

Amend your taxes to get HOUSING TAX CREDIT NOW

December 2nd, 2009

Amending the tax return is to the home buyers benefit. It is better to get it down now before everyone else. Also, the IRS is constantly changing the rules. If you closed on your home after Nov. 6th, you must use the new form. Buyers need to use someone who is aware of the forever changing rules.

Call The Grant Hickman Team @ (314) 558-9225 for Expert Advice!

My Listings!

August 18th, 2009
901 Cordova St
St Louis , MO 63138
$59,500.00
GrantHickman , 314-265-1531
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11820 Criterion Ave
St Louis , MO 63138
$64,500.00
GrantHickman , 314-265-1531
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29 Graystone Ct
Saint Charles , MO 63303
$223,500.00
GrantHickman , 314-265-1531
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1075 Rogers Ln
Florissant , MO 63033
$104,500.00
GrantHickman , 314-265-1531
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Make a big effort to sell a small house and ring up a big sale

August 12th, 2009

Smaller houses are contenders in the real estate market. People who are interested in lower costs, less maintenance and an active lifestyle are prime candidates to buy.

If the past couple of years have taught us anything, Americans are realizing that the “bigger is better” theory hasn’t worked out too well. That goes for real estate as well as life. Smaller houses have a very viable place in market now, especially for buyers who are cost-conscience and want to own property but are not interested in a lot of maintenance and high taxes.

Buyers run the gamut from first-timers who are looking for a starter house, to former McMansion owners tired of the expense involved in upkeep, to seniors who still want to own property but need a low maintenance house that affords them the option to seek new adventures.

In the beginning
Sprucing up a smaller house for sale is a lot like any other house, but sellers need to add an extra wow factor. Fantastic curb appeal is a must in this situation. You want the prospective buyer to fall in love with your house right away.

Garbage bags are you best friends
Eliminate clutter right now. The more stuff you have sitting around, the smaller the house seems. You want the potential buyer to see that their stuff will fit, that there is enough space to live comfortably and not feel overwhelmed. Fill the garbage bags up with things that no longer work, you don’t want and that you take with you to your next home.

Let the sunshine in
The more light, and the cleaner the windows, the bigger the space will look and feel. Dark drapes and shadowy corners give a closed in feeling and that’s not what you want to sell.

Open up the space
Smaller homes usually come with smaller kitchens. Remove all appliances from countertops when you show the house to give the appearance of adequate cooking space. If you have a huge wrap-around sofa and a big screen television in the living room, take them out. The first view as potential buyers enter the house is crucial; a buyer wants to see and feel open spaces rather than a cramped maze.

Highlight easy maintenance
Show off any new kitchen appliances and heating or cooling upgrades. Newer means less maintenance and lower costs. How long does it take you to cut the grass? A lot less than mowing an acre, and that means more time for the buyer to enjoy life.

Keep in mind that smaller homes are jewels in the landscape. Your property will be in demand and attracts those buyers who want more out of life than home maintenance.

Spotlight on Continental Title Company

July 9th, 2009






Q: Please introduce yourself?
A:
Missy Palitzsch

Q: What is the name of your business?
A: Continental Title Company

Q: Where is your business located?
A: 2159 Bluestone Plaza, Saint Charles, MO 63304

Q: Briefly describe what you/ your business does.
A:
Title and escrow services

Q: How many years have you been in business?
A:
8

Q: What is your burning desire?
A:
To have a second home in Montana

Q: What’s something not many people know about you?
A: I grow and can my own fruits and vegetables

Q: Do you have a Website Address?
A:
www.ctitle.com

Q: What’s the best way for someone to get a hold of you if they have further questions?
A:
314-374-9608