Follow by Email

Tuesday, April 13, 2010

Tax Day in Mexico Beach Florida

The dreaded April 15th is coming---However, this year many people are not dreading it quite as much.  Many buyers, young and older, took advantage of the First time homebuyer credit ($8,000) as well as the repeat buyer credit ($6,500).  These are both set to expire at the end of this month.

In order to qualify for an $8,000 tax credit (full rebate if you don't owe any taxes) you must be fully contracted to purchase a home by April 30th--you have until the end of June to close on it.   A first time home buyer is someone who hasn't owned a home in the last 3 years.   You must be buying this house as your primary homestead.

Repeat buyers are folks who have owned their primary home for the last 5 years and are either moving and buying elsewhere, downsizing, upgrading.   They too must be buying the new home to use as their primary home.   They can qualify for up to $6,500. 

Pretty good incentives for someone who was on the fence about buying!   Add that in with the low interest rates and the plummeting home prices and it has been a great year for those able to buy!!

You still have a couple of weeks to find that house if you want to qualify for the tax credits!!

The weather here has been absolutely beautiful!     We had tons of beach goers this past week.  The water must be warming up as I saw more and more families in the water!!

Our lazy little lifestyle here in Mexico Beach will now take on a slightly busier one as summer vacationers and weekend visitors take advantage of our beautiful and uncrowded beaches.   I know the businesses around town are ready for them! 

We have some great little places to shop---Beachwalk, Emerald Coast Jewelry, Tropical Breeze, and The Grove---For lunch try the Fish House Restaurant, Regan's Oyster Bar, Killer Seafood, and of course Toucan's for gulf front dining!

As for real estate:  The hot real estate item in Mexico Beach has been the Waterside Village condos.  Selling in the mid 300's to 500's in the DAY, they are now at the affordable prices of $132,000-$185,000.    There are currently 10 under contract, all but 2 are short sales, the other 2 are foreclosures!!!

We've already closed out 8 of them!   

It's a nice development!  Well built, gated, the pool and grounds are well kept.   The 3 bedrooms are really well laid out with lots of room and closet space!

There are just a few left, so if interested, let me know!

Other than Waterside, there were 4 residential properties put under contract this past week in Mexico Beach.  There were 2 residential closings.

The interesting thing this past week was the vacant land closings!   Two closings in Windmark beach and another lot put under contract just the other day.

Bay front lots in Windmark now selling at $150,000  (originally purchased at $850,000) with interior lots at $45,000---both foreclosures.

No real activity out at the Cape this past week.


Have a great week and if you are interested in buying or selling in Mexico Beach, St. Joe Beach, Port St Joe, or Cape San Blas----Give me a call, I'd love to help you!

Sunance Realty
Mexico Beach, Fl real estate on Facebook

__________ Information from ESET NOD32 Antivirus, version of virus signature database 5025 (20100413) __________

The message was checked by ESET NOD32 Antivirus.

Posted via email from Mary Blackburn in Mexico Beach, FL

No comments: