April 2010

There are 3 blog entries for April 2010.

On Friday November 6th, 2009 the U.S. House of Representatives passed legislation which extended and expanded the $8,000 first-time homebuyer tax credit, which was approved by the Senate earlier that week.  A few days later this legislation which affected Ulster County Real Estate as well as Real Estate everywhere was signed into law by President Barack Obama.

The extended version of the First Time Homebuyer Tax Credit featured some important changes for Ulster County Real Estate.  Probably most importantly, the Income Limits to qualify for the Tax Credit increased to $125,000 for individuals and $225,000 for couples, up from $75,000 for individuals and $150,000 for couples featured in the previous legislation.  Additionally, a Tax Credit was added for

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Ulster County Real Estate: Area Information And Attractions

Spring has not sprung….. Not yet anyway, but read on and you’ll find out what’s gonna pop up in Ulster County.

First off, you have the Pasta Primo Vino…. Nine wineries throughout Ulster County have come together to celebrate the spring with a tour of the wineries on the Shawangunk wine trail & pair their magnificent wines with delicious pasta recipes.

ulster-county-real-estate_400_02Take advantage of the Hudson and take part in the two day Striped Bass Tournament & barbeque. After the tournament, come dock your boat at the Rondout Waterfront  estival where there are a multitude of events that take place, such as the Rondout music & art festival,  or the Shad festival.

Don’t miss out on the 3rd annual Ulster County Wing Fling in

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Ulster County Real Estate: The Second Home Market

Did you say that now is a good time to buy a second home?Ulster County Real Estate

Currently, there is an unparalleled opportunity to purchase a second home. The average cost of a home is declining, and appears ready to hit a soft landing and stabilize. The housing market is rife with a number of solid potential purchased waiting for a deal to be made. Lastly, there are a number of tax benefits to owning a second home, depending mainly on how the property will be used.

1. A second home for personal use, such a vacation homes, the tax benefits fall mainly on your deductible.

2. A second home for rental purposes, depending on the number of days it will be used for this purpose, or personal use, will determine the tax benefits

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