Have You taken Time To Investigate Southbury? You really Should……

Southbury is different from any other community in the area, with the southern charm of tree lined

streets, sidewalks, large front porches and rear garages.

In a world where more and more buyers are looking for GREEN, Southbury sets the standard. Each new home is built to LEED and ENERGY STAR standards, and is certified by an independent third party. That’s a huge plus in itself.

Home buyers will save 35% on energy bills over the same home built to code. Here is a home with the extras built in and very competively priced by a longtime local custom builder, one who actually stays onsite and is available to you throughout the entire construction phase as well as after the sale.

Located in the St. James school distrcit away from the congestion and noise of many other communities.

About Ameribuilt Homes

To view or request more information EMAIL me at DProcter@DougProcter.com

More good news, Ed asked me to forward this on to clients within my database as well as my blog readers.

Housing Tax Credit Information:   This week the details have been settled and the news is good.  The credit was increased from $7,500 to $8,000 and to further improve the incentive, it doesn’t have to be paid back.

BUT….that’s not the biggest news…..this is…..According to Lawrence Yun, the chief economist for the National Association of Realtors, this legislation is going to bring 300,000 new homebuyers into the market and for each one of those new homebuyers, two additional sales will be created down the line due to move up purchases.  That means close to a million homes (900,000) are going to be sold as a result of this legislation.  The only question is, are you going to get your share? 

The Housing Tax Credit is VERY BIG news

To give you some idea of how big this is, let’s put it into perspective.  What’s dominated the housing news in the last several months?   Foreclosures and their impact on the market, right?  Since August of 2007 the total number of foreclosures has been 1,081,395.  The Housing Tax Credit will create close to 1 million home sales.  That’s almost as large as the entire foreclosure problem to date…only this is good news, not bad.   Starting to see why this is VERY BIG news???

Call me to get your buyers pre approved – I will help you make more sales!!!.

As always, Thank you for your business. I really appreciate all that you do on the front lines. I am here for you.

There are some limitations to this first time home buyer credit as well, rather than spell them for you, I’d recommend checking out this website sponsored by the NAHB at:

 http://www.federalhousingtaxcredit.com/ Ed Boccino

Assistant Vice President & Sr. Mortgage Loan Advisor

843-449-0015 Ext 13 Office   

843-655-8078 Cell

866-773-9135 Fax    

Ed’s website Link:     http://www.suntrustmortgage.com/loanofficer.asp?ebocchino

I just received this via email from the National Association of Realtors and wanted to pass it on to those who might be interested.

Dear Fellow REALTOR®,Here’s our take on the Stimulis Bill and Treasury announcements made this week. We look at the Stimulis package AND the Treasury’s package holistically, in compliment with each other – mostly because that’s how the Obama team is looking at it. Your representatives, the NAR Board of Directors, asked us in November to do 4 things (with an unspoken but clearly understood mandate to PRESERVE what we already have). Here they are: 1) get loan limits raised for high cost areas, 2) make the $7,500 tax credit NOT a loan, 3) try to find ways to push interest rates down (which are higher than they should be due to systemic risk right now) by 200 basis points, and 4) help provide solutions to the foreclosure/short sale problem.

So here’s what we have achieved: 1) the loan limits will be raised to $727,000 in high cost areas, 2) the tax credit will be raised to $8,000 with NO payback [a true credit], 3) interest rates have come down 125-150 basis points, and 4) the bill has over $50 billion in it for foreclosure mitigation, with Geitners Treasury plan signaling that the second half of TARP and TALF will be used to mitigate foreclosures through a government guarantee, drive down interest rates by buying another $200-300 billion of mortgage paper from the GSES’s thereby freeing them up to do the same with new mortgages, and Fannie has just agreed to lift the cap of 4 investment properties eligible for loans and raise it to 10.

In addition, we preserved what we have – which some tend to forget is always on the table when these negotiations start up again – mortgage interest deductability, real estate tax deductability, and the $250,000/$500,000 cap gains exclusion (an overall package worth more than $100 billion and for some a very attractive funding source for their pet projects).

We did make a run at the $15,000 credit — and we would have loved to have gotten that or the Homebuilders $22,000 credit idea as well as their 5 year loss carryback deal, but they were considered too rich for this program. What it did do though is totally take the debate off of whether a tax credit should be reinstated at all (it expired last year) and whether it was a true credit or a repayable loan, and kept the conversation on how much it should be. It also kept the debate off of ‘what we are willing to give up to get a $15,000 tax credit’ and kept the debate again, on how much it should be. It’s pretty hard to complain when they give you what you ask for and you lose something you never had.

While we study the Treasury specifics on their major role in providing the rest of the housing solution — there is much more to come and we are working diligently with the Administration to help ‘unclog the pipeline’ and get capital flowing into housing again.Sincerely,

Charles McMillan, CIPS, GRI
2009 NAR President

 For more detailed information you can contact me either by email at DProcter@DougProcter.com,  or give me a call at (843) 267-2702

Another wonderful day has started and being a profesional Realtor here in this wonderful country we have the privilege to live within I just wanted to share my feelings.  it is truly an honor to have the freedom to choose our daily lives to live as we see fit, for me, the honor of being a part of “Living the American Dream” and helping others to achieve their dreams is truly an honor that I cherish with my heart and sole.

Our country as we are all aware is going through some very difficult times now and it will take each and everyone one of us to put things back on track. The foundations of our wonderful country are still in place, just a little misplaced for the time being. The greatest portion of my life is spend online working in my chosen field to be the best I can be and serve my clients with the utmost in care and compassion. Last night I received an email from a past client asking me to watch and listen to a video she had found. I did as she asked and let me tell you, it brought chills to me and I would like to share it with each of you to experience.

Here is the link if you choose to listen:  http://www.bornagainamerican.org/

Doug