Saturday, May 16, 2009
"Some rental markets are attractive, but if you want to buy a home in the next 18 months, start looking now before bargains disappear"-Forbes
$800,000 price reduction! This is the best deal on the Kohala Coast so don't let this one pass you by. Priced below cost! Best priced new construction in all of Mauna Lani. It would be impossible to build a home of this quality for this great value. Brand new almost 4000 sq ft single level, Polynesian style resort home in the prestigious neighborhood of Champion Ridge. 4 Bedrooms, 5 full baths, 2 half baths all with exquisite quality surround your private pool, spa, and barbecue area with 2 waterfalls for a peaceful environment. A possible 5th bedroom is currently furnished as an office/sitting room. Enjoy the fantastic Mauna Kea mountain views, the Hawaiian sunrise, and the ocean view from your private viewing deck. Two spacious master suites with outdoor shower gardens, two additional guest houses, and a private media room/office with upper viewing area all situated in an open air Hawaiian pavilion setting with tropical landscaping. Champion Ridge is a gated community within the Mauna Lani resort. You'll have access to the owner's beach and restaurant, options to belong to the fitness/tennis center.$2,380,000
Contact Sunny Petropoullakis RA for more details, or for a tour.
Hawaii Land Realty Corp.
57 E. Kawailani St.
Monday, May 11, 2009
Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.
Here is some information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.
First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.
To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.
Which Properties Are Eligible?
The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
How Much Will the Credit Be?
The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors:
The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8,000.
The buyer's income—single buyers with incomes up to $75,000 and married couples with incomes up to $150,000—may receive the maximum tax credit.
If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples are not eligible for the credit.
Will the Tax Credit Need to Be Repaid?
No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.