By TwinCitiesNative January 12, 2014
I couldn't have been happier with the service and market knowledge of Joe Houghton. Joe renewed our faith in the Realtors. Joe never missed a phone call from us. We had Joe do an analysis on our house and he asked us if we minded him answering the phone during the appointment. After he sold our home to someone who called him from an add he had created and plastered all over the internet I realized why he always answers his call. I would recommend anyone to Joe whether you are in Minnetonka or the complete other end of the twin cities. ...read more
By bdoug56 December 27, 2012
Thanks for the quick response while closing on our home. Not sure who in the Omega offices did the quick find and scan of the flood plain issue, but it allowed us to close on time. Best regards to the Omega Team (including Dave). It was a pleasure to live in Plymouth Creek! ...read more
By nk19155 December 14, 2012
Omega does a great job keeping things up and looking great!! Thank you!! ...read more
"I have been working with this contractor for many years, I believe he is part of the reason I have had so much success as a building contractor. Every house is done in a timely fashion and his prices are in line with other contractors in his field. There service is over and above other contractors I have had, with one phone call they are there the next day and the problem is solved. I recommend them to anyone looking for an affordable, quality painting or drywall contractor." ...read more
By Minnesota Painting Contractor, Drywall June 30, 2009
Who is eligible to claim thehome buyer tax credit?First-time home buyerspurchasing a home will be eligible for the tax credit. To qualify for the tax credit, a home purchase must close on or after January 01, 2009 and before December 01, 2009. The purchase date is the day when closing of escrow occurs. What is the definition of a first-time home buyer?The new law defines a "first-time home buyer" as a buyer who hasn't owned a home used as a principal residence during the three year period prior to the purchase. For married taxpayers, the law tests the ownership history of both the home buyer and the spouse of the home buyer. So, if you haven't owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse will qualify for the first-time home buyer tax credit. However, unmarried joint buyers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with their child. Having owned vacation homes or rental property not used as the principal residence won't disqualify a buyer as a first-time home buyer.How is the amount of the tax credit determined?The tax credit is equal to ten percent of the home̢۪s purchase price up to a maximum of an $8,000 credit. For example, a $60,000 purchase qualifies for $6,000.What are the income limits for claiming the tax credit?The tax credit amount is reduced for buyers with an adjusted gross income of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing jointly. The tax credit amount is reduced to zero for taxpayers with AGI of more than $95,000 (single) or $170,000 (married) and is less for taxpayers with AGIs in between these amounts. Consult a tax advisor or MN Mortgage Lender or savvyMN Realtorfor complete and accurate information. ...read more
By Minnneapolis Home Buyers Resources February 18, 2009
Even though interest rates are at their lowest point in 38 years, and even though homes are more affordable than they have been in decades,more help is coming for MN home buyers. The Federal Home Loan Bank of Des Moines will be giving $6.3 million in grants to Minnesota nonprofit groups to help people buy and repairMinnesota foreclosures. TheseMN Home Buyer grantsand forgivable loans will help pay for rehabbing foreclosed homes and helping new homeowners with down payments. The money is designed to help save neighborhood property values. Nonprofits will work with buyers and get them ready for home ownership. Grants will be spread out across Minnesota, including the Twin Cities. It's projected that the money will lead to 464 affordable housing units being created or rehabilitated in Minnesota. Home buyers are advised to call a professionalMN REALTORto help them find financing and a great deal on a house. ...read more
By Minnneapolis Home Buyers Resources February 18, 2009
Whether you have bad credit, or are just unable to purchase a townhouse at the moment, a lease-to-own agreement allows you to occupy the townhouse while you pay rent and prepare for the purchase. As with any transaction, there are a number of aspects that must be considered before signing any agreemen... ...read more
Buying a mobile home is a less expensive alternative to a home. You can save a lot of money and have your home paid off in a lot less time. Looking for a mobile home to buy is a bit different from finding a traditional house, but it can be done easily. ...read more