Tax Credit Update!

We've heard from a lot of you this morning that saw news reports about the tax credit. The bottom line is that nothing has been voted on at this time. Here is today's update:
Senate leaders of both parties, key Senate Finance Committee members and staff, and the homebuyer tax credit sponsors Sen. Chris Dodd (D-CT), Sen. Joe Lieberman (I-CT, and Sen. Johnny Isakson (R-GA), have reached an agreement on extending and expanding the housing tax credit. However, right now, there is no agreement on how to attach this tax credit to the pending Unemployment Insurance bill, or whether to offer the tax credit agreement as an amendment to another bill, or whether to bring the agreement to the Senate floor and vote upon it as a separate, stand alone bill.
After Senate action - if passed - the legislation must still go to the House of Representatives for consideration. There are still a number of steps to take before anything is final. We will continue to keep you updated as we receive additional information.
In the meantime, please continue to encourage REALTORS to respond to the homebuyer tax credit Call for Action. Thank you for all the phone calls you're making - the Senate is hearing you loud and clear.

Ken DelVecchio & Associates meeting tonight

We had a dinner meeting tonight to discuss future plans for the team and our plans to be the most professional real estate team in Fairfield County. Many great thoughts for the future, but the really good news is we are all on the same page - money is never going to be the main motivator! Making sure the client is given the best possible service, with the most professional advise we can provide. whether it's tax advice, investing, staging or pricing we will be there for our clients in so many ways.

Stay tuned in to hear more about our future plans.

Extend The Tax Credit!

In just a few short weeks the $8000 tax credit will expire! Connecticut's two Senator's along with our Congressman believe the tax credit should be extended, but many in Congress feel it is costing the government too much money and it should truly end. This is BAD for a struggling economy that depends so much on the housing market, not just in Connecticut but throughout the country. Abraham Lincoln once said, "The strength of our nation lies in the HOMES of our people"!

So what can you do? Contact your Senator's and Congressman and let them know you care about our country and you believe as the housing market improves so will other economic indicators. Improved housing will help make us strong again, it will help put people back to work.

Ct. Magazine rates the towns!

November 2009 - the newest Ct. Magazine just came out today, Fairfield gets the BEST town to live in with a population of over 50K! Did you know we specialize in Fairfield?

First time home buyers, there's still time to take advantage of the $8000 tax credit!

Attorney General Blumenthal Speaks to REALTORS

Attorney General Richard Blumenthal spoke to the Greater Fairfield Board of REALTORS this morning in Fairfield. One issue that came about that is impacting the real estate industry in Connecticut is appraisals on the sale of properties, the issue is HVCC or Home Value Code of Conduct! We as REALTORS are finding appraisals of poor quality because the appraisers are not from the area, many are coming in from New Jersey!

Attorney General Blumenthal asked if we could set up a sub committee to work with him and his office to help work through this issue. Ken DelVecchio and Jeff Vangele have been appointed as co-chairman of this sub committee and are in the process of setting a meeting with the Attorney General.

We will keep you informed as this progresses.

CAR and Congressman Jim Himes Meet and Greet

President Ken DelVecchio and Rich Fatigate with Congressman Jim Himes. The meet and greet focused on issues surrounding Real Estate in Connecticut including the first time home buyer's tax credit.