Michael DiMella's (mdimella) Blog

Now that it's official and Obama has signed the economic stimulus bill, there is some clarification on how the $8000 first time homebuyer tax credit will work.  Here are the details: The tax credit is worth $8,000 or 10% of the home's value (whichever is less).  FYI: A tax credit is a dollar for ...

The City of Boston is holding a special foreclosure homebuyer fair for people interested in buying REO (bank owned) property in Boston.  There will be Realtors with their listings, lenders to discuss financing, and homebuyer counselors all in one place.  The City of Boston will also be holding a ...

UPDATE (Feb 12, 11:15am):  Latest info about the compromise stimulus bill has the credit becoming an $8,000 tax credit (non-repayable) so it is a full credit, but it looks like it will apply to homes purchased by first time buyers between Jan 1, 2009 and August 31, 2009.  Presumably, the repayabl...

Ways and Means Chairman Charlie Rangel has released an outline of a $275 Billion tax package to be included in the Obama economic stimulus bill. Among its many provisions is one that would eliminate the repayment feature of the $7500 first-time homebuyer tax credit. An outline of the Senate Finan...

There are two major differences between homes that sell in this market and homes that don't: correct pricing and proper staging.   Neither is more important than the other, and both play key roles.  They are dance partners who must be in sync for a sale to take place (not that I know much about d...