The seller is ready to sell this wonderful property. It has a 5 year old kitchen, brand new hot water tank, brand new roof, updated electric, fireplace, gas heat and more.

• Large attached garage for safe and easy access at night and in foul weather.
• One level living with the master bedroom on the first floor.
• Fully applianced , less than five years old.
• Amazing 9000 square foot lot fenced in and landscaped.
• Lovely and quiet neighbrhood.

What more can you ask for? Really, this is the time to purchase a home in Warwick, Rhode Island. The interest rates are at historic lows and the opportunity to buy could never be better.

Call Mark McHugh Realtor 401-641-3842 for all your real estate needs in Rhode Island. http://marksrihomes.com/

http://bit.ly/eBCAyi    

Free Money

So what does this mean to those First Time Home Buyers that made their purchase with the first rendition? The answer is, when you file your income taxes this year, Uncle Sam wants the first payment on the no interest loan you got for buying a home. Please pay the first of the 15 year payments of $500.00. Dang, what the what? I can see another round of bait and switch crying going on here. “I never read the fine print!” or “My accountant, mortgage person, realtor never explained this to me…I want retribution.” Unfortunately, those mentioned above did not put this together for you. In order to have taken (advantage?) of this incentive, the borrower exclusively, would have had to be the one to file with the IRS in order to receive the ….gift.

First Time Buyer Special

So, where does that leave our First Time Home Buyer that used round one of the stimulus? The first call is to your accountant or tax preparer. Chances are, you tend to get money back due to the interest deduction you are allowed to write off. Insert disclaimer here( I’m no expert, every case is different). What I’m saying is, the buyer has a job still, the taxes are being collected from your pay, you file your taxes and the interest you payed lowers your taxable income, so you may be entitled to a refund….wait for it…here’s the difference….after the $500.00 is paid to the IRS/Treasury, for lending you the $7,500.00 in the first place. It’s not all bad when you look at it that way? You got a new kitchen or bath right? You made the new home habitable? You took it and bet it all on black at the casino? Either way, you received a no interest loan for 15 years. Not too shabby.

So go ahead and enjoy the good life of home ownership. Weild that paint brush, climb that ladder, take out the trash. Be it ever so humble, there’s no place like home.

Mark McHugh is a full time Realtor working in Rhode Island. He offers expert advise in all areas of home buying and selling in the area. He has helped countless numbers of people acheive their dreams in the real estate market. He can be reached at 401-641-3842  markm@slocumrealty.com 

• Navigating the Internet sites and choosing the best information and platforms for the consumer.
• Aid in constructing and reviewing offers. Assistance in qualifying buyers and verifying offers for sellers.
• Creating and studying the market analysis for buyers and sellers for an educated determination of value.
• Construction of sales agreements and time lines for due diligence.
• Guidance in home inspections, title attorneys, home owners insurance and closing details.
• Ethical treatment of all parties.

These are the tip of the iceberg when it comes to using a Realtor® to assist in buying or selling real estate in Rhode Island. It is important to make the distinctions well; not all realtors are Realtors®. Realtors® are part of The National Association of Realtors, and are held to the highest standards and practices of professional service providers. http://www.realtor.org/realtororg.nsf/pages/whoisarealtor 

I am one of them and proud to be a part of their organization. Have questions? Contact me, Mark McHugh, Realtor® from Slocum Realty, markm@slocumrealty.com