Do All Good Things Come To an End?!

Eventually, but how about this for some good news: The First Time Home Buyer program originally expired November 30th, but has recently been extended through April 30, 2010! That IS good news!

But what if you already own a home? What if you have owned many homes in your lifetime? What if you are just a few payments away from becoming mortgage-free?
Today, let’s PONDer…

NEW! ~ $6,500 Move-Up/Repeat Home Buyer Tax Credit ~ NEW!

You say you have not heard of this credit? I’m not surprised. The bill was passed just a few weeks ago on November 6, 2009.

Eligibility for the Move-Up/Repeat Home Buyer Tax Credit (in a nutshell) is as follows:
• You must have owned your home & lived in it for 5 consecutive years out of the past 8 years.
• Just like the First Time Home Buyer Tax Credit, it does not have to be repaid to the government.
• The Tax Credit is equal to ten percent of the purchase price up to $6,500 and only applies to homes priced at $800,000 or less.
• Homes must be purchased between November 6, 2009 and April 30, 2010.
• A single taxpayer qualifies for the full tax credit as long as his/her income is $125,000 or less and a married couple filing a joint return qualifies with a combined income of up to $225,000.

The above information is an overview. If you have questions or concerns, please contact me today to discuss either one of these Tax Credits in more detail. As you can see, time is of the essence. Once these programs disappear, who knows if they will return.

I firmly believe that now IS the VERY BEST time to buy a home! If you believe this, too, call me today and let’s… PONDer our Possibilities!

P.S. Want to close by December 31st and claim your tax credit this year? Check out my listings on my website at www.susanpond.com, one of these homes may be just right for you!

My parents purchased the cabin in 1972 for the location, 30 minute drive from Longmont and Boulder making this possible to come to after work. We have used the cabin, creating many memories, throughout the years. The atmosphere is conducive to immediate relaxation. A day in the mountains is priceless to me. The smell of pine trees; glittering aspen leaves waving in the breeze; the intensive blue sky; the fresh, crisp air in the morning; the quietness away from fast paced life of the plains are all reasons why I love spending time at the cabin.

If you are NOT married to the co-signer the first time home buyer will still be eligible for the refund even if the co-signer owns a primary residence. This is GREAT NEWS and an UNBELIEVABLE opportunity! Spread the word to your family members and let’s get them into their first home!

PONDER the possibilities!!!

A great way to spend a day in Colorado is taking a drive in the mountains.  I love the smell of the pine trees.  The sky is so blue.  Colors appear vibrant, most likely because of the elevation.   Many drives are through the canyon with a river to the side of the road.  Even the air smells so fresh and clean.  Oh, I wish I could spend this gorgeous spring day in the mountains!  Instead, I will PONDER over my real estate business and daydream in between contacts.

Do you want to enjoy the Rocky Mountains?  Begin your search for a home by visiting my website at www.susanpond.com.

Thanks to a plethora of home improvement shows on TV, (and I don’t mean the one with Tim Allen!) Buyers are becoming very savvy shoppers! They know what they want before they hit the market: Granite, wood and stainless steel! This top-dollar taste puts sellers in high competition, especially in this market.

So today I’m PONDering, “Are these high dollar upgrades family-friendly?”

I recently came across an article that addresses kitchen floor options. Hard wood floors are definitely viewed as an upgrade, but do they make the most sense? Let’s read on and see…

Overwhelmed by kitchen floor options?
BY PAUL BIANCHINA

The floor in your kitchen has to wear a lot of hats. It has to be able to withstand the rigors of lots of foot traffic. It needs to be water-resistant and be able to stand up to repeated cleanings. It has to be able to withstand grease, spills, drips and other indignities — and it has to look good doing it!

When you’re ready to shop for a kitchen floor that can handle all those demands, you’ll find that you have several choices. There’s probably no single “perfect” flooring material, but by doing a little homework, you’re sure to find one that will work beautifully in your kitchen.

Here are some great choices to consider, along with some of the pros and cons of each:

Sheet Vinyl: Sheet vinyl flooring is one of the most common choices for a kitchen floor. Sheet vinyl is very resistant to spills, grease and dirt, is very water resistant, and is also very easy to clean. There are hundreds if not thousands of patterns, styles and colors to choose from, as well as different weights and thicknesses. Vinyl sheets are available in 6-foot and 12-foot-wide rolls, so it’s possible to complete most kitchens with few or no seams. It’s also one of the less expensive flooring options, so it’s easier on your wallet and also makes it a little easier to change if you redecorate.

On the down side, vinyl flooring is prone to wear and scratching over time, especially with the lower-end materials. And from a resale value, it may lack the appeal of some of the more expensive floors.

Vinyl Tiles: Vinyl tiles have some of the virtues of sheet vinyl, such as water resistance, ease of cleaning and low cost. Because these are individual tiles, they are the easiest of all the flooring products for the do-it-yourselfer to install. Another advantage is that if damage occurs, you can easily take up and replace the individual damaged tiles, without having to incur the cost of replacing the entire floor.

There is a very definite downside with vinyl tiles, however, and that is the dozens of dirt-catching seams you end up with. Vinyl tiles also have probably the lowest overall appeal from a resale standpoint.

Ceramic Tiles: Ceramic tile is one of the best overall choices for a kitchen floor. These hard, durable tiles will stand up to all sorts of abuse, from spills to heavy appliances, and the tile is completely waterproof as well. Ceramic tile is hard to beat from a decorating standpoint, as there are thousands of size, color and pattern choices available. You can also mix different types or colors of tile to form patterns, borders or even pictures. A quality ceramic tile floor, especially some of the new travertines in large squares, are currently very popular and will add to a home’s resale value.

The downsides of ceramic tile seem to be a matter of personal preference. For one thing, tile is the hardest and coldest of the floors underfoot, with none of the resiliency of vinyl or wood. This can be offset to some degree through the addition of small, non-skid area rugs, and if you want to really warm up the floor, you can have radiant heat cables installed underneath the tiles during installation. The other issue that some people have with tile are the grout lines, which are a little harder to clean than the tiles themselves. Again, this problem can be minimized by using larger tiles with small grout spaces between them, and by making sure that the grout is sealed after installation.

Laminate Floors: Laminate flooring has become increasingly popular in the kitchen. There are dozens of patterns and colors now available, some of which mimic the look of real wood quite well. The laminate can be chosen to blend or contrast with the wood in the cabinets, and you can mix in some darker strips to create accents and borders if desired. Laminate floors have some “spring” to them, making them one of the softer and more comfortable floors to stand on. They can also be a very good do-it-yourself project, and a well-selected and well-installed laminate floor will also add resale value.

If you have a kitchen that sees a lot of use, especially if chairs or bar stools are present, the laminate can be prone to scratching. Laminate also requires specific cleaning products for best results and longest life, and may not stand up to a lot of water over time.

Hardwood Floors: Hardwood floors have long been a classic and desirable feature in living rooms and other areas of the house, but it was only through relatively recent advances in the quality of polyurethane finishes that wood has found its way into the kitchen as well. Hardwood is beautiful, durable, compliments virtually any style of kitchen, and typically adds to the resale value, although some people are still a little leery of it in the kitchen.

Hardwood flooring is not a very good do-it-yourself project, and requires proper sanding and finishing to look good and to hold up in the kitchen. It also has some of the same drawbacks as laminate, requiring special cleaners as opposed to simple damp mopping, and is prone to scratching and damage from excessive water.

Who is considered a First Time Home Buyer?

The answer may surprise you. The obvious definition is someone who has never owned a home before. Today, people who have rented and not owned a home the past three years are also included in this definition and qualify as first time homebuyers.

Let’s PONDer…

First Time Home Buyer’s Tax Credit for 2009

A tax credit for First Time Home Buyers was included in the Stimulus Plan signed into law by President Obama on 2/17/2009. Unlike the $7,500 tax credit from 2008, the tax credit for 2009 will NOT need to be repaid.**

First Time Homebuyers will receive up to an $8,000 tax credit for a single family residence purchased as a primary residence during the dates of 1/1/2009 and 12/1/2009. The tax credit is lesser of either 10% of the purchase price or $8,000.

The tax credit will be claimed on the purchaser(s) income taxes. Any amount in excess of taxes owed will be refunded to the purchaser(s).

The tax credit is subject to gross income limitations as follows:

· $75,000 per individual or $150,000 for a joint return

· There will be a lesser tax credit based on a sliding scale available to individuals making up to $95,000 and $170,000 for those filing a joint return.

**If the home is sold within the first three years, the full amount of the tax credit will be due upon sale. If the home is owned for more than three years no portion of the tax credit will need to be repaid.

Call me today and let’s…PONDer our Possibilities!

• Peel a banana from the bottom and you won’t have to pick the little “stringy things” off of it. That’s how the primates do it.

• Take your bananas apart when you get home from the store. If you leave them connected at the stem, they ripen faster.
  

• Store your opened chunks of cheese in aluminum foil. It will stay fresh much longer and not mold!

• Peppers with 3 bumps on the bottom are sweeter and better for eating.

• Peppers with 4 bumps on the bottom are firmer and better for cooking.

• Add a teaspoon of water when frying ground beef. It will help pull the grease away from the meat while cooking.

• To really make scrambled eggs or omelets rich add a couple of spoonfuls of sour cream, cream cheese, or heavy cream in and then beat them up.

• For a cool brownie treat, make brownies as directed. Melt Andes mints in double broiler and pour over warm brownies. Let set for a wonderful minty frosting.

• Add garlic immediately to a recipe if you want a light taste of garlic and at the end of the recipe if your want a stronger taste of garlic.

• Leftover snickers bars from Halloween make a delicious dessert:

• Reheat Pizza:

• Easy Deviled Eggs:

• Measuring Cups:

• Goodbye Fruit Flies:

• Expanding Frosting:

• Reheating refrigerated bread: