Archive for the ‘Special Promotions’ Category
Save $25,000 and Help Us Build Our New Model Home
Monday, May 23rd, 2011
$500 Cash Winner from BOLD
Tuesday, February 8th, 2011Congratulations to Kim of Independence. She is the winners of our $500 cash prize from the 2011 Northern Kentucky Home and Remodeling Showcase.
$500 Winner
Northern Kentucky Home and Remodeling Showcase
Sunday, January 30th, 2011 
2011 Home & Remodeling Showcase February 4-6, 2011
Friday 4pm-8pm
Saturday 10am-8pm
Sunday 10am-4pm
Northern Kentucky Convention Center
Tickets are $10 with Free Parking
Your Dream Home…Alive.
Presented by Home Builders Association of Northern Kentucky
Includes hundreds of local and regional vendors, celebrities and events. Dream Street, an exhibit of six exclusive exhibitors displaying their best products and offerings. Cooking demonstrations with Remke-bigg’s and chefs from local restaurants and bakeries. Value City Furniture Face-Off with interior design students of Antonelli College-vote for your favorite room design.
Click for directions to the Northern Kentucky Convention Center
Database of State, Local, Utility and Federal Energy Incentives
Tuesday, December 1st, 2009Click this link to check out a comprehensive source of information on state, local, utility, and federal incentives and policies that promote renewable energy and energy efficiency. DSIRE (Database of State Incentives for Renewables & Efficiency) was established in 1995 and is funded by the U.S. Department of Energy. DSIRE is an ongoing project of the N.C. Solar Center and the Interstate Renewable Energy Council.
Home Buyer Tax Credit Brings Hope to Housing
Friday, November 13th, 2009Check out the latest from the respected Economists of the National Association of Home Builders:
Home Buyer Tax Credit Brings Hope to Housing
The housing market received what should prove to be a real boost when, earlier this month, Congress and the President extended the first-time home buyer tax credit that was set to expire on Nov. 30 into the spring and expanded it to include eligible move-up or repeat home buyers.
First-time home buyers will now be eligible for the tax credit if they sign a contract by April 30, 2010, and settle on their home no later than June 30. Likewise, move-up/repeat home buyers (existing home owners) who have lived in their primary residence for five of the last eight years will now be eligible for a tax credit of up to $6,500. (more)
Housing Still Faces Significant Headwinds
The housing market still faces significant headwinds, even as they begin to abate.
The Federal Reserve’s October Senior Loan Officer Opinion Survey on Bank Lending Practices revealed that the majority of banks are continuing to tighten lending standards for mortgages, as they have every quarter for the last four years.
However, the tightening is significantly below its peak in July 2008. Most banks this quarter reported that they neither tightened nor loosened their standards, those that tightened them reported raising their standards only somewhat and one bank reported that it had loosened its standard for issuing prime mortgages somewhat. (more)
As Housing Improves, Nonresidential Construction Struggles
Private nonresidential construction fell 7.6% from September 2008 to September 2009 according to the Census Bureau’s Value of Construction Put in Place data, which are not adjusted for inflation. Construction of office space was down 25.1%, while commercial construction — which includes restaurants, retail space and warehouses — was down 31.6%.
While single-family home construction was up 2.4% in September from the month before, production was down 47.6% from September 2008.
Multifamily construction, which faces stiff competition from the single-family market and significant obstacles to obtaining financing, decreased 4.1% in September from August. Compared to September 2008, construction was down 28.9%. (more)
Tough Times for the Rental Market
The rental vacancy rate rose to 11.1% in the third quarter — the highest reported since the Census Bureau began compiling it in 1960 — and up from 9.9% in the third quarter of 2008.
The number of units for rent that are vacant year-round rose from just under 4 million units in third quarter 2008 to 4.6 million units in third quarter 2009. These figures include apartments and single-family homes for rent. The glut undoubtedly includes for-sale units that could not sell and were eventually placed in the rental market — creating more pressure for the market. (more)
Federal and State of Kentucky Home Purchasing Tax Credit Program
Saturday, November 7th, 2009UPDATED NOVEMBER 7TH.
The first time home buyers Federal tax credit has been extended and expanded by the Senate and House and on Friday November 6th the President signed the bill. The new law will extend the $8,000 credit for first-time home buyers for sales contracts entered into by April 30, 2010 and closed by June 30. Further, it has been expanded to include a new $6,500 credit for owners of existing homes who are purchasing a new principal residence. An existing home owner can claim the $6,500 tax credit if they have been residing in their principal residence for five consecutive years out of the last eight. Additionally, the income eligibility limits to claim the full credit amount for both groups of home buyers have been raised to $125,000 for individuals and $225,000 for married couples. For more information about the credit go to Federal Home Buyer Tax Credit website and the Federal Tax Credit Fact Sheet from NAHB.
Your purchase of a newly constructed home may be eligible for a state tax credit of up to $5,000 on your Kentucky tax return. Any attached or detached home that has never been occupied qualifies. Credit expires July 25, 2010 for home sales closed on or prior to this date or until the $25 million dollar limit has been reached. For more information check out the Kentucky Department of Revenue website.
BOLD Homes has two homes ready for immediate occupancy and will match your Federal or State tax credit dollars. Contact Mike Kegley for more details at 859-657-6700.
THIS WILL BE THE LAST CHANCE TO USE THE TAX CREDIT
Even as Congress neared completion this week on legislation to extend and enhance the home buyer tax credit, proponents of the tax credit made it perfectly clear that the extension would have a limited shelf life and not be extended again when it expires next year.
Sen. Johnny Isakson (R-Ga.), a long-time champion of the home buyer tax credit, said: “This is the last extension of the home buyer tax credit. Tax credits like this only work by creating the sense of urgency to take advantage of it, and to bring the market back.”
On the floor of the Senate, Finance Committee Chairman Max Baucus (D-Mont.) said that, “It’s important that this tax credit does not become a permanent fixture in the tax code. Our amendment would end the credit on April 30 of next year. This extension would get us through the winter – traditionally the worst season for real estate. Our amendment would jump-start the housing market as it enters the summer months of 2010.†Baucus added that the seven-month extension of the tax credit would be “long enough to encourage home buyers to buy homes, but it’s short enough to remain fiscally responsible.â€
MORE TO FOLLOW
Check back to this posting for the latest updated information on both tax credits.
Time is Almost Over for First Time Buyers!
Friday, September 25th, 2009First-time homebuyers must submit their mortgage application by 10/15/09 to be confident they’ll be able to close before the 12/1/09 government tax credit deadline!
Federal “First Time” Home Buyer Tax Credit Countdown Begins
Monday, September 21st, 2009The first time home buyer tax credit expires in 60 days (November 30, 2009). It is possible to purchase in the next couple of weeks and close before the deadline, but time is running out. BOLD Homes has two completed homes that are ready to purchase and occupy. If you are a first time buyer or have not owned a home in three years you may be eligible. Check out the guidelines at First-Time Home Buyer Tax Credit and discuss with your tax advisor.
Should I Buy a Home Now, or Wait?
Saturday, August 29th, 2009(1) Will prices get better if I wait? Will mortgage rates be lower if I wait? Will I have a wider choice of homes to buy if I wait?
All good questions. They deserve good answers. The average home price in Northern Kentucky has fallen by 16 % over the past year. As the number of homes for sale shrinks (see question #3 below), that will create pressure for higher home prices. It may not happen over night, but it will happen. In a recent Baylor University survey, 8 of 10 economists agreed home prices will rise in the next 5 years. So will rental costs. Do you want to capture the advantage of equity build-up…or collect “throw-away†rent receipts?
(2) Will mortgage rates be lower if I wait?
Today’s mortgage rates are near 50-year lows. They are at bargain levels. But if you’ve never bought a home before, you just don’t realize the “borrowing power†of today’s low rates (unless your parents, friends, or other relatives told you). You don’t have to pay 15% interest for a home loan, as you did in the early 1980s, or 7%-to-8% in the 1970s and 1990s. Today’s rates are between 5-6%. That’s all. But when inflation returns, you can “kiss goodbye†mortgage rates under 7%.
(3) Will I have a wider choice of homes to buy if I wait?
There are currently 3,644 homes for sale in the Northern KY MLS. One year ago that number was 4,041. Two years ago it was 4,241. The trend in the number of homes available is definitely downward. The lower the inventory, the greater pressure for higher prices. So, should you wait for a wider choice? Fewer homes on the market = higher selling prices. So, do you want to buy low (now), or buy higher (later)?
(4) Is there any particular reason, as a First-Time Buyer, why I should buy now?
Yes. Until Nov. 30, 2009, first-time buyers are eligible for a “federal tax credit†up to $8,000 on the purchase of a home that is closed by that date. That’s pure credit, no repayment. Anyone who hasn’t owned a home in the past 3 years may be eligible, if they meet income limits –single buyers, $75,000 a year; married couples $150,000. The credit decreases for single buyers earning between $75,000 and $95,000, and between $150,000 and $170,000 for home buyers filing jointly. If you finance your home through FHA, you may use the tax credit money to help pay for down payment or closing costs. You may also be eligible for further tax credits through the Kentucky Housing Corp or Kentucky Dept of Revenue (new construction). If you’ve been sitting on the fence, now is the time to get off that fence. Arm yourself with the facts, and join the 75 million homeowners nationwide who enjoy the benefits of home ownership (equity build-up, home appreciation, tax advantages, and pride of ownership).
Contact Mike Kegley of Bold Realty (859) 657-6700. He knows (a) local market home inventories, (b) homes values, (c) lending programs, (d) first-time home buyers tax credit program and (e) everything else to help you make a housing choice…TODAY. It’s time to…Get Off the Fence.
It is a Great Time to Buy a Home in Northern Kentucky
Saturday, August 29th, 2009_ 500+ Open Houses, Sept. 12 – 13
_ Opportunity to tour homes in wide price range and styles
_ $8,000 Tax Credit for persons who haven’t owned a home in 3 years
_ Up to $5,000 Kentucky Tax Credit for purchase of a newly constructed home.
MLS Open House Weekend is Sept. 12 – 13!
REALTORS® have scheduled 500+ Open Houses in Northern KY, over 2000 region wide, serviced by the local MLS organizations. This is a great opportunity for buyers to get an idea of the homes currently available to purchase and tour the open houses. Even those persons not currently in the market for a new or existing home can benefit from this event. You just may realize that the time is right to make a move.
Northern KY Real Estate
“These are encouraging signs for buyers and sellers, said Johnny Hodge, President of the Northern Kentucky Association of REALTORS®. “This market holds opportunities for both sellers and buyers, which should lead to a healthier real estate economy for all in the coming months.
1. Great Inventory — More Choices
Anyone looking for a home today will find a tremendous selection- nearly 4,000 properties are listed in the Northern KY MLS, region wide, nearly 20,000. Whether you’re looking for a starter home, a high-end custom home or something in between, you’ll find just the home you’re looking for.
2. Low Interest Rates- More Buying Power
Mortgage rates determine how much you can afford. With the current low rates, you have significantly more buying power. How low are rates today? Those who bought a home in 1963 were paying roughly the same rate as you’ll pay today. The rates won’t stay this low forever. Buying a home now can save you thousands of dollars in interest.
3. Homeownership Will Always be a Good Investment
Even if you are on the fence for now, that’s OK. There will be plenty of opportunities to by a home when you’re ready. Homeownership is a vital engine in the American economy. It creates strong communities and builds wealth for families who buy homes. Homeownership won’t go out of style. Homeowners are invested in our communities. They are the joiners, fixer-uppers, and watchdogs that make our nation strong. Nine out of 10 consumers consider homeownership to be a sound financial decision. Purchasing a home is a great way to invest your money. In the past 40 years, real estate has delivered the most consistent positive return over any investment. When you are buying a home, you are building equity and adding to your assets.
Up to $8,000 Federal Home Tax Credit Now Available
The Super Open House Weekend of Sept. 12 – 13 will benefit new and repeat buyers. It will give you the opportunity to see what’s on the market TODAY and realize TODAY’s home pricing. BONUS: The current federal Home Tax Credit program is available to persons who haven’t owned a home in the past 3 years. Don’t forget that the federal Home Buyer’s Tax Credit expires Nov. 30, 2009 for home sales closed on or prior to this date.
Up to $5,000 Kentucky Home Tax Credit Now Available
Your purchase of a newly constructed home may be eligible for a state tax credit of up to $5,000 on your Kentucky tax return. Any attached or detached home that has never been occupied qualifies. Credit expires July 25, 2010 for home sales closed on or prior to this date or until the $25 million dollar limit has been reached.
