135 Calla Court, Onalaska, WI $278,500

• 5 Bedrooms
• 4 Bathrooms
• 3,206 square feet
• MLS #1107926

Cul-de-sac location in Elmwood Hills Addition is where you’ll find this two story colonial with a finished walkout basement. Spacious open floor plan with complete 2nd kitchen in the finished lower level. Great for extended stay guests or in-laws. Large deck, patio and spacious backyard. 5 bedrooms, 4 full bath. New roof 2007, clean and easy to show. Priced below assessment.

I have great news for new home buyers out there! The First Time Home Buyer Tax Credit has been extended until April 2010!

Congress has recently passed the extension, with new legislation that:

• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
• Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

So who qualifies?

• First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
• Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight. Here is the important fact for existing homeowners, it must be a ‘primary’ residence as determined by living in the residence for 5 of the last 8 years. A primary residence includes: single-family homes, condos, townhomes and co-ops. However, if you have any questions, please do not hesitate to contact me at judy@judygull.com.

A few factors still impact the amount of tax credit that each individual/couple will receive:

1. The price of the home.
2. The buyer’s income.

1. Price

Under the new extension (effective November 7th, 2009) credit may only be awarded on homes purchased for $800,000 or less.

2. Buyer Income

Single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.

These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you purchased a home between January 1, 2009 and November 6, 2009, please see 2009 First-Time Home Buyer Tax Credit.

If you exceed these incomes, you may still be eligible to receive a portion of the tax credit:

For single buyers who earn between $125,000 and $145,000 the amount will decrease as you approach the maximum limit, if your income is greater than $145,00 you will not be eligible.

For those who filed jointly with an income between $225,000 and $245,000, you will still be eligible for a portion of the credit, but if your income is over $245,000 you will not be eligible for any credit.

FAQ: If I close on my new home after April 30, 2010 do I still qualify?

Under the Extended Home Buyer Tax Credit, as 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 on the property.

FAQ: Will the tax credit need to be repaid if I sell my home?

No and Yes.

NO, as the buyer you do not need to repay the tax credit if you occupy your home for three or more years.

However, the answer is YES if the property is sold during this three-year period, the full credit amount will be recouped on the sale.

If you have any questions regarding the new tax credit extension please feel free to contact me!

*Information courtesy of www.realtor.org*

135 Calla Court in Onalaska, WI

Listed at $278,500

Cul-de-sac location in Elmwood Hills Addition is where you’ll find this two story colonial with a finished walkout basement. Spacious open floor plan with complete 2nd kitchen in the finished lower level. Great for extended stay guests or in-laws. Large deck, patio and spacious backyard. 5 bedrooms, 4 full bath. New roof 2007, clean and easy to show. Priced below assessment.

448 Overlook Court in Warrens, WI- Villa at Jellystone Resort!

Listed at $77,000

Awesome View from the large deck from this 3 bedroom 2 bath log sided villa. Property is in good condition with room for off street parking. Property tax reassessment for 2009 is lower so taxes should reduce by 50%. Loft bedroom, open stairway. Minimum $500 earnest money and lender approval letter or letter of credit with any offer.

Upcoming seminars:

October 20th: 6:30pm

November 17th: 6:30pm

December 15th: 6:30pm

LEARN:

1. How to ‘read’ your credit report
2. Common crucial mistakes people make that ruin their credit
3. The Magic 20% rule
4. Why credit inquiries can hurt and instances they don’t matter
5. How you can dispute incorrect entries
6. Why it can sometimes hurt your score to payoff collection accounts

Seminar is presented by Imagine Home Lending

813 Lake Street, Onalaska, WI: $207,500 (price just reduced!)

First Time Open… Sunday, October 11th, Noon-1:30.

Experience a good feeling when you enter the front door. Pride of ownership shows throughout. Very open concept split level home with open staircase and vaulted ceilings. Oak hardwood floors in the kitchen, gas fireplace in the spacious lower level family room. Private master bath, 3 full baths! 4 bedrooms. Bookcases included. Water softener, refrigerator, dishwasher and water heater are newer. Beautiful irregular shaped wooded lot with sprinkler system (map on file). New roof 2007. Close to Middle School and Elementary School.

633 Riders Club Road, Onalaska, WI: $239,500

First Time Open… Sunday, Oct. 11th, 2-3pm.

Great walkout ranch with newly finished lower level. Spacious rooms with vaulted ceilings and tall arched doorways. Main floor office, master suite, large eat-in kitchen, main floor laundry. Basement is full walkout with family room featuring a corner gas fireplace, 2 more bedrooms, full bath, theater room. Steps from garage to basement, Pella windows. 6-panel doors, ceramic tile in bathrooms and kitchen. Total of 5 bedroom, 3 full baths, 3,000 square feet. Huge 3-car attached garage.

1107 Cliffwood Lane, La Crosse: 12-1pm, $269,500

402C Gillette Street, La Crosse: 1:30-2:30pm, $229,500

1040 Aspen Valley Drive, Onalaska: 2:30-4pm, $364,900

Bank owned property. Rare opportunity in great location! Maple hardwood floors, trim and doors. Great Room with vaulted ceiling, gas fireplace and open staircase. Super kitchen has solid surface counter tops, stainless steel appliances, pantry, and center island. Large laundry, finished lower level with egress daylight windows. 5 bedrooms, 3.5 baths, 3.5 car garage, built in 2005. Earnest money and preapproval letter or letter of credit required. “As Is’ Sale. Seller to pay up to 3.5% of closing costs and prepaids plus pay for 2 year home warranty.

N6195 Eric Avenue, Onalaska: 3-4pm, $154,500

Open concept design with main floor family room addition which features a gas corner fireplace. Large dining room with vaulted ceiling. Flooring and light fixtures have been updated throughout. 3 bedrooms, 1.5 baths. Garage is 22×30, 1/2 acre lot has private backyard. Appliances included, Andersen windows, very well decorated and maintained…a must see.

For more photos, visit my facebook page or website! See you Sunday!

Please stay tuned as I begin my first blogging adventure!