Tax Credit: Extended & Expanded

On Friday, President Obama is scheduled to sign a bill that extends and expands the homebuyer tax credit. This has the potential to help not just first time homebuyers but existing homeowners which might help sell more homes locally.

The new bill not only extends the existing program but allows up to a $6,500 tax credit for existing homeowners that have lived in their home for 5 consecutive years out of the last 8. More buyers will now be eligible for the credit.

Click here for a comparison of existing bill to new bill:
NAR Issue Brief: Homebuyer Tax Credit Changes

Scott McKinney - Trusted Advisor for Real Estate Dreams
McKinney Realty
715.798.3445
scott@mckinneyrealty.net

Sold! Just In Time!

Congratulations Mike & Jamie. May you enjoy many happy years in your new home.

If your a first time homebuyer and haven't seized the opportunity to buy a new home and capture up to $8,000 with the First Time Homebuyer Tax Credit, time is running out. You must close on a your home by November 30th, so don't delay.

Give me a call to learn how you might cash in too.

Scott McKinney

McKinney Realty

715.798.3445

scott@mckinneyrealty.net

WRA Convention

This week, Stacey and I had an opportunity to attend portions of the Wisconsin Realtors Association annual convention. This is always a fun time and especially so this year. We were there to help induct our good friend John Flor (Chetek) as the new Chairman of our state association. This is the first time in 22 years that a representative from the northland has held this position. Congratulations John!

While there we had a chance to speak to brokers from around the state. One thing we heard over and over is that it appears the worst is behind us. Prices seem to be stabilizing and activity is increasing. Certain segments of the market seem to be more active including the lower and moderate priced homes that are benefitting from the $8,000 first time homebuyer stimulus.

Markets similar to ours, with a great deal of recreational and waterfront property, have been seeing a spurt in activity in the last two months just as we have here. Still, the activity has been in the more modestly priced properties but showing activity is increased across the board.

Let's see this trend continue. Get out and enjoy the gorgeous weather. It is a blessing this time of year.

Sold on Crystal Lake

Congratulations Rob & Megan. Looks like you have great weather to enjoy your cabin this Labor Day weekend.

As summer is winding down the sales are cranking up. With good values in the marketplace and low interest rates, now is a great time to buy a property. The weather is great this time of year in northern Wisconsin so be sure to come visit the area. Just like the leaves, the attitude in the market is changing.

Call me to find the property that is right for you!

Scott McKinney

715.798.3445

scott@mckinneyrealty.net

Congratulations!

Congratulations to the Johnsons and the Browns. I am sure you will share many good times on Diamond Lake together. Who could ever get tired of that view? Enjoy!!!

Just Sold

Congratulations Fred & Peggy! I know you will enjoy your beautiful home on Middle Eau Claire Lake.

With high inventory and competitive prices, buyers are finding excellent properties at fair prices like this one.

To be the next proud owner give me a call.

Scott McKinney

715.798.3445

scott@mckinneyrealty.net

Governor Visits Cable

Governor Jim Doyle visited Cable Monday as part of his northern tour. He was here for a ribbon cutting ceremony for the new clinic in town. While here he also presented Tom & Esther Rondeau with an official commendation celebrating 80 years of Rondeau's Shopping Center. His final stop was at the Cable Natural History Museum (www.cablemuseum.org) for a tour and dedication. As the governor proclaimed, "It seems there is more going on in this one block than there is in any other block in Wisconsin."

Cable is a wonderful place to visit and the addition of the clinic makes it an even better place to live!