Seattle Avenue » Updates

Having a Businesses In Your Seattle Home – the rules

denice — Thu, 10 Jun 2010 21:40:31 +0000

Thought I posted this earlier but just can’t find it :-\ The City of Seattle Department of Planning and Development has posted this 3-page client assistance memo (CAM) titled Businesses in Your Home: Home Occupations Allowed in Residential Zones explaining the conditions in which a home business is allowed in residential zones. If you need further information the department is located at 700 5th Avenue #2000, Seattle WA 98124 (206) 684-8600.

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hot topics for today

denice — Mon, 01 Feb 2010 20:09:32 +0000

Low income households can get help for their energy costs from the Low Income Home Energy Assistance Program (LIHEAP). LIHEAP is a federally funded block grant that provides money to help low-income households make home heating more affordable and avoid shutoff of utility services during the winter. Call 800-348-7144 or 360-725-2857 or visit www.liheapwa.org for more information.

Loan rates are super low. If you’re blessed with stable employment, a good credit score, have some money in the bank, don’t have a lot of debt, and have a downpayment this may be a grand opportunity for you to start thinking about buying yourself a little home or condo.

Wanna dish Seattle life, real estate, traveling around Western Washington? On Twitter you can find me @urbantweeter

Came across this excellent rap video Fear the Boom and Bust that gives the 411 on the nuances of bull and bear markets. Your economics class was NEVER this fun! (it’s an econstories.tv production)

Ok, go explore the other posts. Cheers!

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Tax Credit Update

denice — Wed, 27 Jan 2010 03:16:43 +0000

$8000 First-time Homebuyer Tax Credit – UPDATE

The $8000 tax credit is for first-time homebuyers only (IRS definition: not having owned a principal residence during the 3-year period prior to the purchase.

Doesn’t have to be repaid.

Equal to 10% of the home’s purchase price up to $8000.

Applies only to homes $800,000 or less.

Sales occurring on or after January 1 2009 and or before April 30 2010. If a binding sales contract is signed by April 30 2010 a home purchased completed by June 30 2010 will qualify.

For sales occurring on or after January 1 2009 and or before November 6 2009, the income limits are $75,000 for individuals and $150,000 for married couples filing jointly.

For sales occurring after November 6 2009 and on or before April 30 2010, single tax payers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

$6500 Move-Up / Repeat Buyer Tax Credit – UPDATE

Buyers must have lived in their previous home 5 consecutive years out of the last 8.

Doesn’t have to be repaid.

Equal to 10% of the home’s purchase price up to $6500.

Applies only to homes $800,000 or less.

Sales occurring after November 6 2009 and on or before April 30 2010.

Sales occurring after November 6 2009 and or before April 30 2010. If a binding sales contract is signed by May 1 2010 a home purchased completed by July 1 2010 will qualify.

Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.

Educate yourself about the credits at this website

Homeowners with high credit scores strategically bail on their loans

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