Real Estate News & Updates from the Monadnock Region
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The Academy for Professional Real Estate Training announced the following individuals have completed real estate courses approved by the New Hampshire Real Estate Commission.

November 24th, 2009 | Posted by Dick Thackston in 1 - (0 Comments)

Keene – The Academy for Professional Real Estate Training announced the following individuals have completed real estate courses approved by the New Hampshire Real Estate Commission.

The Academy conducted a New Hampshire Real Estate Commission approved course on Property Management graduates of the class were: Jennifer Andrus, George M. Booth, Sharon B. Cargill, Howard S. Dicey, T. Michael Grenier, Kevin B. Hampsey, Carol L. Ives, Rita H. Johnson, Kimberly J. Knox, Lejla Kurevija, Emily K. Lagerberg, Mary Larsen, Athanasios Leristis, William A. Maxwell, Laurence R. Saunders, Virginia E. Wilson and Bonnie Wilson-Bowes

The Academy conducted a New Hampshire Real Estate Commission approved Pre-Licensing Course graduates of the class were: Patti M. Anderson, David M. Durrell and Catherine Smith.

Dick Thackston was the instructor for both courses. Thackston is licensed to teach both continuing education and pre-licensing programs in the state of New Hampshire; he is also a licensed real estate broker in the states of New Hampshire, Massachusetts and Vermont.

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For Sale: 2BR/1+1BA Single Family House in Peterborough, NH, $138,900

November 17th, 2009 | Posted by Dick Thackston in 1 - (0 Comments)

For Sale: 2BR/1+1BA Single Family House in Peterborough, NH, $138,900.

For Sale: 3BR/2BA Single Family House in Surry, NH, $198,000

November 17th, 2009 | Posted by Dick Thackston in 1 - (0 Comments)

For Sale: 3BR/2BA Single Family House in Surry, NH, $198,000.

Wondering about the Home Buyer Tax Credit?

November 6th, 2009 | Posted by Dick Thackston in 1 - (0 Comments)

Here’s a handy chart to help you out.

NAR Issue Brief

Homebuyer Tax Credit Changes

National Association of REALTORS® Government Affairs Division

500 New Jersey Avenue, NW, Washington DC, 20001

FEATURE Jan 1 – November 30, 2009Rules as enacted February 2009 December 1 – April 30,2010 Rules as enacted

November 2009
First timeBuyer –

Amount of Credit

 $8000($4000 married

filing separate)

 $8000($4000 married

filing separate)
First time Buyer – Definition for Eligibility May not have had an interest in a principal residence for 3 years prior to purchase Same
Current Homeowner – Amount of Credit No Provision $6500($3250 married

filing separate)
Effective Date – Current Owner No Provision Date of Enactment
Current Homeowner –Definition for Eligibility No Provision Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years
Termination of Credit Purchases after November 30, 2009. (Becomes April 30, 2010 on Date of Enactment.) Purchases after April 30, 2010
Binding Contract Rule None So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
Income Limits (Note: Increased income limits are effective as of date of enactment of bill) $75,000 – single$150,000 – married

Additional $20,000 phase out

 $125,000 – single$225,000 – married

Additional $20,000 phase

out
Limitation on Cost of Purchased Home None $800,000Effective Date of Enactment
Purchase by a Dependent No Provision IneligibleEffective Date of Enactment
Antifraud Rule None Purchaser must attach documentation of purchase to tax return

 This chart is just another way Dick Thackston and the REALTORS at R.H. Thackston & Company REALTORS can help you. Dick works with the other 34 New Hampshire, Vermont & Massachusetts agents in his 3 offices helping buyers find and close on homes. To see all the homes on the market today in New Hampshire, Vermont & Massachusetts visit www.dickthackston.com or give him a call today at 603.283.0622.

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For Sale: 3BR/3BA Single Family House in New Ipswich, NH, $154,900

November 4th, 2009 | Posted by Dick Thackston in 1 - (0 Comments)

For Sale: 3BR/3BA Single Family House in New Ipswich, NH, $154,900.

“I want to buy this foreclosure, but the condition is awful!”…

November 2nd, 2009 | Posted by Dick Thackston in Mortgage News | Real Estate News - (0 Comments)

It seems hard to believe that some of the best deals in the home buying market can’t be purchased by the average person who would use them as a home for their family. Because of condition a substantial portion of Lender Owned Homes can’t be financed. This has been true for years.                  

Hope is now on the horizon with foreclosure filings at record levels — default notices, scheduled auctions and bank repossessions were reported on 937,840 properties in the third quarter, a 5 percent increase from the previous quarter and an increase of nearly 23 percent from Q3 2008 – the government through the Federal Housing Administration, FHA, has taken positive action.

FHA is ramping up its 203K program for the first time in years. The FHA 203K program allows homebuyers to finance a home that is at least one year old and get additional money to fix it up and bring it up to standards. The FHA doesn’t just give borrowers a blank check however, what it does is provide a system of draws against work calculated into the original mortgage when the home is purchased.

If you’re buying a bank owned or other property that will need substantial repairs the 203K process allows you to obtain bids and calculate approximate needed repairs prior to purchase and then after closing use the money to pay licensed contractors. It’s important to note that the program is not designed for “do it yourselfers” since in the process you will be expected to get real bids from real contractors. Helping you in negotiations for a Lender Owned Home and finding financing that will work well in the sale is just one of the critical ways Dick Thackston and his team can help you.

Helping buyer’s find and purchase, defaulted properties, REO’s, has been a big part of Dick Thackston’s business since – well it feels like forever! Dick works with the other 34 New Hampshire, Vermont & Massachusetts agents in his 3 offices helping buyers find and close on Short Sales and REO properties. To see all the homes on the market today in New Hampshire, Vermont & Massachusetts visit www.dickthackston.com or give him a call today at 603.283.0622.

 

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