Brigita's Blog: Brigita McKelvie - Lehigh Valley, PA, Residential, Rural & Horse Properties (Keller Williams Real Estate)

I received this information on the new Home Buyer Tax Credit from the Lehigh Valley Association of REALTORS and am passing this on to all.

Read on:

On votes of 98 -0 and 403 - 12, the Senate and House have respectively passed legislation that includes an extension and expansion of the homebuyer tax credit.  President Obama signed the legislation on Friday, November 6.  Many parts of it take effect immediately.

 
As of the signing of the legislation, the income limits increase to $125,000 adjusted gross income on a single return and $225,000 on a joint return.  In addition, the so-called "move-up" credit is also in effect as of November 6.  Thus, individuals who have used a home as a principal residence for 5 consecutive years of the past 8 years will be eligible for a $6500 refundable tax credit for purchases completed between November 6, 2009 and April 30, 2010.

 FREQUENTLY ASKED QUESTIONS

Who Qualifies for the Extended Credit?

1. First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.  To qualify as a "first-time home buyer" the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.
 
2. 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.  Please note that it is not a "Seller Credit."  Sellers do not simply get the credit if they sell their home during this time period.  They must purchase a home within the time period to receive the credit. 

 
Which Properties Are Eligible?
The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Is Available?
The maximum allowable credit for first-time home buyers is $8,000.
The maximum allowable credit for current homeowners is $6,500.

 
How is a Buyer's Credit Amount Determined?
Each home buyer's tax credit is determined by two additional factors:
1. The price of the home.  Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.
 
2. The buyer's income.  Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009,  single buyers with incomes up to $125,000 and married couples with incomes up to $225,000-may receive the maximum tax credit.

 
If the Buyer(s)' Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.  The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly.  The amount of the tax credit decreases as his/her income approaches the maximum limit.  Home buyers earning more than the maximum qualifying income-over $145,000 for singles and over $245,000 for couples are not eligible for the credit.

 
Can a Buyer Still Qualify If He/She Closes After April 30, 2010?
Yes.  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.

Will the Tax Credit Need to Be Repaid?
No.  The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more.   However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.

I have a unique situation, so where can I learn more about the extended tax credit?
Visit NAR's Homebuyer Tax Credit website, or download a list of Frequently Asked Questions or a Comparison Chart.

Here are some more horsey terms that all will enjoy.  Read on:

Horse Glossary

A Bit:  What is left over after a horseperson visits a favorite tack shop.

Fence:  A decorative structure built for horses to chew on.

Horse Feed:  A costly substance used to manufacture manure.

Race:   What your heart does when you see your horse's vet bill.

Withers:  The reason you will seldom see a man riding bareback.

HAPPY FRIDAY!!

I received the following e-mail from the American Veterinary Medical Association.  Keep your eyes open for a change in behavior in your pet. 

Read on:

H1N1 update: Cat death in Oregon from presumed 2009 H1N1

November 18, 2009 -  The Oregon state public health veterinarian has reported that a pet cat has died from presumed 2009 H1N1 influenza virus infection. The cat was one of 4 cats in the household and became ill approximately one week after a child in the household had a flu-like illness. It developed labored breathing and was presented to a veterinarian on November 4. The cat was not coughing or sneezing but had pneumonia. The cat's condition deteriorated over the next 3 days, and it died on November 7. Samples were obtained and tested (PCR) positive for the 2009 H1N1 influenza virus. Additional samples were sent to the National Veterinary Services Laboratories (NVSL) for confirmation and are still pending. At this time this is a presumed, not confirmed, case of 2009 H1N1 influenza infection.

The three other cats in the household also became ill with different degrees of sneezing and coughing, but recovered from their illnesses. Samples collected from these cats were negative for the 2009 H1N1 influenza virus.

We continue to update our 2009 H1N1 influenza resources as soon as we receive and verify information.  These resources are available at http://www.avma.org/public_health/influenza/new_virus/default.asp.  We are also in the process of updating our "Frequently Asked Questions" document for veterinarians to include additional information about sampling and testing procedures, and anticipate the updated document will be posted within the next 24 hours.  The document is linked from the H1N1 page or at http://www.avma.org/public_health/influenza/new_virus/new_flu_virus_faq_veterinarians.asp.  

The messages to pet owners remain the same. 

• This is not cause for panic, but underscores the importance of taking pets to a veterinarian if they are showing signs of illness.  This is especially important if someone in the household has recently been ill with flu-like symptoms. 
• Ferret and cat owners should remain vigilant. 
• To date, all of the sick pets became ill after a person in the household was ill with flu-like symptoms.  There is no evidence to suggest that pets have or will spread the virus to humans or other animals. 
• Proper hygiene and sanitation measures should be followed to limit the spread of the influenza virus. 

If you have any questions about these resources, or if you have information or news to share, please do not hesitate to contact Dr. Kimberly May at (847) 285-6667 or kmay@avma.org.

I am so excited!  I want to let everyone know that I have been inducted into the Wind Gap Chapter of BNI.  As of yesterday, I am an official member.

Some of you may not be familiar with BNI, so let me explain.                                          

BNI stands for Business Networking, International.  BNI is the largest business networking organization in the world.  They offer members the opportunity to share ideas, contacts and most importantly, business referrals.  There are numerous chapters all over the world and it continues to grow. 

BNI helps your business to grow if you participate and abide by a code of ethics. 

The chapter I am a member of is full of energy, enthusiasm, support and positive vibes.  It is a newly formed chapter and the members are all friendly and great.

I am honored to be a member of this chapter and look forward to being a part of this group for many years to come. 

If you have the opportunity to check one out, I stongly suggest you take it and apply for membership.  It will help your business greatly.

If I've perked your curiosity and would like to find out more, contact me.

Owning horses has many benefits, even though horse ownership can be expensive.  The expenses include monthly board (if not on your own property), horse shoes and hoof trimming, vet care, training, lessons, competitions for some, and so on.  The returns, though are priceless, especially for children and adolescents.

Here are a few of the benefits:

-  Many parents will attest to how horses kept their child(ren) occupied and out of trouble, especially during the difficult teen years.

-  Riding and caring for horses require the formation of a relationship built on mutual respect and trust.  Therapeutic riding centers capitalize on this to teach relationship skills through horses.

-  Character building is a natural part of horse ownership, teaching responsibility, punctuality, sportsmanship, frugality, patience, commitment, confidence, and self-esteem.

- Horses can be a source of mental stress-relief for the owner.  It is a chance to go to a place very different from typical daily activities.

-  Working around horses keeps everyone fit.  It is a daily physical workout with lifting hay bales, mucking stalls, pushing full whellbarrows, grooming, riding and other barn chores.

As you can see, horses are very beneficial in many ways.

The Lehigh Valley Fall Horse Expo 2009 is coming to Ag Hall at the Allentown Fairgrounds.  It will be held Saturday, November 21 from 10AM - 5PM.

There will be vendors, speakers, live horse demonstrations and Master Magician Mark Mysterrio.

Demonstrators will be:

-  David Nemeroff on Craniosacral Therapy for Animals

-  Patrick King on Developing a Connection with horses

-  Musical Horse Ride and Cutting Demonstration

-  Dodie Sable on Endurance Riding

-  Caroline Rider on Natural Horsemanship

-  and more

There will also be a roping clinic and roping contest for kids.  This looks like fun.

Tickets are $6 and kids under 12 get in FREE and there is plenty of FREE parking.

I'll be there so I hope to see you there, too.  It will be a day of fun for all ages.

Click here for more information.

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I've written a number of posts on homes for humans.  Since I specialize in horse properties, I thought I would write about housing for horses for a change.  We mustn't forget our equine friends.

Some horse owners build horse barns with stalls that are nice enough to house humans.  You might say it's like staying at the "horsey" ritz.

Here are some of the features included in horse barns:

-  Stalls usually have an automatic watering fountain in the corner.  (A drink is always available.  Never runs dry.)

-  The standard size box stall is 12 feet x 12 feet.  Bigger ones are needed for foaling mares and larger horses.  (That's bigger than some rooms in some houses.)

-  Stalls often have rubber matting on the floor covered by about 8-12 inches of bedding.  (Comfy flooring.)

-  Horse bedding usually consists of sawdust or straw, but new products are being made with shredded paper and other recyclable materials.  (Even eco-friendly.)

-  Stalls are usually sifted through once or twice a day, removing manure and wet spots.  This is called mucking or mucking out.  (Would love to have someone clean my house, at least once a week.)

-  Some barns even have wash stalls with hot and cold water.  (There are times I don't even have hot water.)

-  Most horses do not feel imprisoned in a stall, as a human would. 

-  Pens that are 12 feet x 24 feet or larger are usually called paddocks or corrals.  A larger fenced in area with grass is called a pasture.  (WOW!!  A play area!)

Be careful about turning out horses that do not know each other into a paddock or pasture.  Often, they will argue to establish an order of hierarchy. 

Ahh, to be a horse and have the luxuries they have.

Here's a riddle for all of you to end the week.  Think about this and see if you can come up with an answer.  I will post the answer after you have had the opportunity to think about this riddle.

Ready?  Here it is:

You are riding on a beautiful white horse.  On your left side is a drop off.  On your right side are several ostriches being chased by a lion.  In front of you are 4 large gazelles which won't get out of your way and you can't seem to overtake them.  Behind you is a stampede of horses. 

What must you do to get out of this highly dangerous situation?

See if you can come up with the answer.

Courtesy Lehigh Valley Horse Council newsletter

UPDATED NOVEMBER 16, 2009:  I see many of you made good attempts to answer the riddle.  OK, here's the answer. 

Drum roll please . . . . . . . . . .

The answer is:

A Merry-Go-Round.

Thanks to all for participating.  Hope you had fun with it.

Here it is, November 11th, Veteran's Day and many have the day off from work.  Do not treat it as JUST a day off. 

It is a day where we remember and honor the Veterans that have fought for us.  They have sacrificed their lives so that we may live in freedom.

Take some time out of your day to say thank you to a Veteran.  Say a prayer for those that are currently in the war zone, that they may come home safely to see their family and friends and enjoy the freedom they are fighting for.

Let's also remember our fallen soldiers that have fought for what they believed in.  They were brave for giving up their lives for us.