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Tax Credit Extension STUCK in the House!

Check out todays Thinkbigworksmall.com video on the proposed tax credit extension:

The tax credit extension isn't extended yet. It's stuck in the house! Careful out there!

http://www.thinkbigworksmall.com/mypage/tbws

What are your thoughts!

 

Getting ready to own!

Click Here to receive a daily email list from Chuck Cady & Associates of all the new homes for sale as they hit the market!

Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

How Prepared Are You For A Quake?

How Prepared Are You For A Quake?

With the recent catastrophic global events, you can’t help but be reminded that Seattle is located in earthquake country and is susceptible to a large earthquake of its own!  Homeowners can take many steps to mitigate or reduce the earthquake hazard to themselves, their loved ones and also to their homes.  Following is a list of tasks and items to consider while prepping yourself and your home for a possible earthquake:

Preparing Your Home

• Home retrofitting / Structural Mitigation

• Secure Your Water Heater, Kitchen Cabinets, Tall Furniture, and Wall Hangings

• Garage and Storage Safety - securing chemicals

Gathering Supplies (72 Hour Kit)

Water - Three (3) gallons for each person in your household is the minimum amount required to take care of drinking, cooking, and hygiene needs for the first 72 hours of a disaster.

• Food - Store at least a three-day supply of non-perishable food. Select foods that require no refrigeration or cooking, and little or no water.

• Supplies - First-Aid Kit, Flashlight, Batteries, Portable Radio, Fire Extinguisher, Toilet Paper, Towelettes, Non-Electric Can Opener, Paper Plates/Cups, Utensils, Duct Tape, Face Mask

• Clothing and Bedding - Gloves, Complete Change of Clothes, Blankets, Sturdy Shoes, Warm Socks

Cash and Important Family Documents - Bank Account Numbers, Copies of Insurance Policies, Wills, POA’s, etc.

• Pets - Don’t forget about your pets!  Water (2-3 Gallons for 60lb pet for 72hrs), Food, Food & Water Bowls, Carrier, Medication, First Aid Kit, Collar/Tags/Leash, Current Photo (in case of separation), Shot/Health Records & Veterinarian Info.

Out of Area Phone Contact - Assign an out of area phone contact as long distance lines are typically more reliable than local lines.  This is the person each family member is to contact in an emergency to relay information to one another.

Know How and Where to Control the Utilities - After an earthquake turning off the gas, water, and electricity may reduce the risk of fire or water damage in your home.

FREE Seattle Earthquake Home Retrofit Classes

Saturday, 7/10, 11am – 1pm
Location: West Seattle Branch Library
To register call 206-233-5076

Washington Emergency Management Division Information

Click here to download a Disaster Preparedness Pamphlet

Preparing Your Home: http://www.emd.wa.gov/preparedness/prep_home.shtml

Pet Preparedness: http://www.emd.wa.gov/preparedness/prep_pets.shtml

Seattle.gov Office of Emergency Management

Home Preparations: http://www.seattle.gov/emergency/prepare/personal/home.htm#retrofit

Spring Cleaning Day

All of us here at Chuck Cady & Associates would like to thank all of our Past Clients and the Haller Lake Community Club members that joined us this past Saturday, 4/10/10 for our 9th Annual Spring Cleaning Day!!!

We would also like to give a special thanks to Betty Chang for the wonderful cookies she bakes us year after year and to all of the rest of you who were so kind to bring us wonderful snacks and refreshments!

It's A Girl!!!!

We are so happy to announce that our beloved team member, Ann Nordling, gave birth to a healthy baby girl at 8:46am, February 1, 2010!  Lucy weighed in at 8 pounds, 14 ounces.

Lucy is welcomed by proud parents Todd and Ann and big sis Stephanie!

Experts Predicting A Rise In Inflation (30 year rate chart included)

We want to let you know that many experts are predicting a rise in inflation and consequently a rise in interest rates as a result of the government's stimulus spending. The chart below demonstrates just how historically low interest rates are. Take a look at where rates were in the early eighties - the last time inflation skyrocketed.

Now is still a great time to buy with prices down as much as 15% from their peaks, the $8,000 first time homebuyer tax credit for buyers who have not owned a home in the last three years has been extended, and now some homeowners who have owned their home for at least five years may qualify for a new tax credit! 

Please contact us for further details!

First-Time & Repeat Buyer Tax Credit Explained

As you've heard the First-Time homebuyer tax credit has been extended and they are now offering a Repeat-Buyer tax credit for people who have owned their current homes for at least five years.  You can view the video below put out by NAHB (National Association of Home Builders) or visit http://www.federalhousingtaxcredit.com/ for further details.

 

Seattle Tied for 1st!

The Wall Street Journal asked six experts which 10 cities they felt would emerge as post-recession meccas.  Their panel of demographers, economists, geographers and authors on urban issues—picked their cities based on the criteria they deem most important, from economic diversity to lifestyle.

Here's the top-10 list:

1. Seattle (tie)

1. Washington DC (tie)

2. New York

3. Portland, OR

4. Austin, TX

5. San Jose, CA

6. Denver, CO

7. Durham, NC

8. Dallas, TX

9. Chicago

10. Boston

 

Chuck Cady & Associates receives Victory Heights neighborhood expert badge from Zillow.com

Chuck Cady & Associates received another Neighborhood Expert Badge from Zillow for the Victory Heights Neighborhood located in Northeast Seattle!

You can visit our Zillow profile by clicking on the following link http://www.zillow.com/profile/chuckcadyassociates/.

The Zillow Local Expert badge is awarded to those who have made valuable contributions in a specific city or neighborhood on Zillow.

**Update** FHA 1st Time Homebuyer Tax Credit - Down Payment

***Attention First-Time Homebuyers***ACT NOW - ONLY 6 MONTHS REMAIN!!! Use your 1st-time homebuyer tax credit of $8,000 towards closing costs or down payment!

The US HUD Secretary, Shaun Donovan, announced that the Federal Housing Commission (FHA) will allow homebuyers to apply the $8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home.

Currently, this tax credit can only be accessed after filing their tax returns with the IRS. Today's announcement allows Home buyers using FHA-approved lenders to apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate.

You can review the full announcement on the Housing and Urban Development (HUD) website by clicking here.

The following video released by the National Association of Home Builders discusses use of the First Time Homebuyer Tax Credit towards downpayments.

Questions about how the $8,000 Federal Housing Tax Credit works?  Watch the video prepared by the National Association of Home Builders below:

**NOTE-  This video does not yet reflect today's announcement above!**

 

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