Overland Park KS Homes for sale & Johnson County Real Estate Blog: July 2008

$7500 tax credit, Do you qualify?

As part of the new housing bill our faithful government is offering a $7500 tax credit for First time buyer. There are several factors for eligability. Here are some of the highlighs & requirements.
  1. Must be first time buyer
  2. rebate will 10% of Homes value up to $7500
  3. income limited to singles with $75,000 or less or married couples at $150,000 or less
  4. must be repaid over 15 years (6.67% per year)
  5. remainder must be completely repaid if home sold before 15 years
  6. effective for home purchases between April 9 2008 & July 1 2009
This a great deal for first time home buyers. Also if you are looking for Down payment assistance you will need to purchase prior to October 1 2008.
Click Here to see Great Homes for Sale
      Property Search 
The Russell Home Team Specializes in First time home buyers, please call us today for a free consultation & loan pre-approval.
Copyright 2008 the Russell Home Team www.SearchjocoHomes.com  913-681-1383


 Mike Russell is a REALTOR with Keller Williams Realty. Mike specializes in Johnson County Kansas Homes and Real Estate for sale. Mike is a tech savvy realtor with over 17 years experience. Did you enjoy Mike's Blog? Feel free to subscribe or join Mike on his Social Network to stay up to date on Overland Park, Olathe, Leawood, Lenexa, Shawnee and all of Johnson Counties real estate news and more...

Mike Russell & Associates can be reached at 913-266-5828 or MRussell@KW.com  or www.SearchjocoHomes.com

                        facebook   Twitter Overland Park Realtor  Linked In Russell Home Team  You Tube Russell Home Team  





Comment balloon 2 commentsMike Russell • July 30 2008 11:35PM
$7500 tax credit, Do you qualify?
As part of the new housing bill our faithful government is offering a $7500 tax credit for First time buyer. There are several factors for eligability. Here are some of the highlighs & requirements. Must be first time buyer rebate… more
Overland Park Home Buyers, down payment assistance now Available
If you have been looking to buy a home in overland Park or Johnson County Kansas you might want to pick up the pace. Especially if you were depending on Down Payment Asssistance. For the first time in 5 years Down Payment Assistance funds are… more
Bush Signs housing bill, is help really on the way!
President Bush signed the new housing bill today. It is designed to help those in need avoid foreclosure. It is supposed to help as many as 400, 000 homeowner refinance their current loan with new loans backed by the Federal Housing Authority(FHA) … more
Nall Blvd to finally re-open
Time sure flies when the easiest road in an out of your subdivsion is closed. Has it really been a year since they closed Nall Blvd between 151st & 159th. Well the wait is over, Thursday they will be opening the 2 south bound lanes. The 2 north… more
A senseless act of Vandalism
This past weekend someone decided that it would be fun to torch the playground at Sunrise Point Elementary school in Overland Park. What makes someone do something this senseless? How do I explain to my kid's the reason they can't go play? This is… more
Overland Park KS Short Sales, Sometimes it is good to be a little…
With the downturn in Real estate, there has become a lot of new and unique opportunities. For buyers in Overland Park & Johnson County Kansas that new opportunity is called a short sale. A short is when the seller of a home is in the begining… more
Johnson County KS Foreclosures, Is now the time?
Are you looking to buy a home in johnson county Kansas? How about buying a foreclosure? Foreclosed properties can great deals in this depressed market. There are several types of Foreclosures: HUD Homes - Homes that were purchased with FHA… more
Johnson County KS Real Estate, Congress is trying to stop you from…
Dear Future Home buyers, Your government is trying to take away your ability to buy a home. Right now the House is debating a bill sponsored by HUD to end Down Payment Assistance Programs and the Senate will be debating it soon. Eliminating… more
Urgent! Urgent! Urgent! You need to do this now
Congress is getting ready to vote on the bill that would end Down Payment assistance. You need to go to this link and enter your name on the petition to HUD http://rallyforhomeownership. com/ You also need to call your local congressman… more
Is Down Payment Assistance going away?
According to an article in the Washington Post the FHA down payment assistance programs may finally be dead. The house is deferring to the senate and giving way to eliminating Third Party non-profit down payments assistance. Over the last 8… more