• Maybe it is a townhouse or condo you are interested in. 
• Maybe you would like to have the security of a controlled complex. 
• Maybe you would like to have the freedom from yard maintenance. 
• Maybe a single residence just seems too much. 

For what ever reason Bremerton has several different types of town-homes and condominiums on the market.  From new construction to established communities, units with views, units with yards, several styles and sizes and prices to fit almost any buyer's budget.  There are 45 Townhouses or Condos on the market. 

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Today I received my Housing Trends eNewsletter and found this blurb very interesting....

" Buying is now cheaper than renting in 74 percent of the nation’s largest cities. Low home prices and “rock-bottom” interest rates as well as tax advantages of homeownership are the reasons why it’s now cheaper to BUY a 2-bdrm home than to rent one. 

So off I go to read the CNN Money articlefor details. 

As usual it all depends on your market.  With housing prices still on the decline and interest rates so low it is very easy to find a home in the Bremerton area where a mortgage payment could be lower than what you can find for rent in the area. 

The question is are you ready to be a home owner?  Home ownership is very different than renting.  There is no manager to call when the dryer goes out or the roof leaks. 

Of course owning a home can really give you a sense of neighborhood and community.  I have only rented for very short period of times usually in-between home ownership and I have never liked it. 

If you would like to discuss the possibility of home ownership just give us a call.

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Bremerton WA Real Estate | Homes Sold October 2011

During the month of October there were 88 homes that sold in Bremerton.   [zip codes: 98310, 98311, 98312, 98314, 98337].   These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.

Let’s look at those 88 Bremerton homes -

 

IF THE TABLE BELOW IS BLACK - CLICK HERE AND BE DIRECTED TO THE ORIGINAL ARTICLE ------>October Homes Sold 2011

 

Bremerton October Homes Sold 2011

Total number of Homes Sold	88
Median Original List Price	$202,495
Median List Price	$192,450
Median Selling Price	$193,000
Cumulative days on Market	64
Days on Market	48

Not a bad time to purchase a home in Bremerton, Washington. Prices are down, interest rates are at an all time low  you might want to look at what it means to you.

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

 

 

Search for Homes

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed”

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Single story on private lot located on a nice residential street. Original oak hardwoods just uncovered ready for finishing or install your carpet. Nice fireplace as focal point of over-sized living room. Large eat-in kitchen with newer oak cabinets and all appliances. Three bedrooms all with oak hardwood and large closets. One bedroom could be used as a formal dining room with slider to the covered patio. Lots of parking - 1 single car plus attached carport. Washer/Dryer stay too!

Priced at $139,000

Bedrooms:  3 Bathrooms:  1 Home Size:  962 sq.ft. Garage:  1 Lot Size:  8,276sq.ft. Community:  East Bremerton County:  Kitsap Property Type:  Single Family Detached Year Built:  1960

www.722WallinStreet.com

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Direct from http://westsoundlive.com

During the month of September there were 57 homes that sold in Bremerton. [zip codes: 98310, 98311, 98312, 98314, 98337]. These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.

Let’s look at those 57 [only 3 up from August] Bremerton homes -

Average List Price

• $213,497 [August $225,931 - July - $229,322 - June- $217,283 -May- $199,895 -April- $197,429 - March -$202,739 - February -$220,258 - January -$203,640 December -$224,396]
• $132 per square foot

Average Sold Price

• $207,218 [August - $219,630 - July - $207,610 - June - $209,182 - May-$195,044 - April -$192,860 - March -$198,231 - February -$213,465 - January -$201,166 - December -$218,171 ]
• $128 per square foot

The average sq ft of these 57 Bremerton homes was 1613 sq ft. These homes spent an average of 154 days on the market (DOM).

The list to sale ratio for these homes was 97.06 percent. What that meas is that buyers offered 97.06% of what the seller requested. This is the first time this year there has been a real different in list to sale ratio.

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed"

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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www.722WallinStreet.com

$169,000

• MLS #121110

• 1 Story Ranch
• 3 Bedrooms
• 1 Bath
• 962 Square Feet
• Private Fully Fenced
  
• Lots of Parking 

Presented by Homefront Realty

360-830-6195

Ranch on private lot located on a nice residential street. Original oak hardwoods just uncovered ready for finishing or install your carpet. Nice fireplace as focal point of over-sized living room. Large eat-in kitchen with newer oak cabinets and all appliances. Three bedrooms all with oak hardwood and large closets. One bedroom could be used as a formal dining room with slider to the covered patio. Lots of parking - 1 single car plus attached carport. Washer/Dryer stay too!

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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I have been receiving a lot of interest in regard to how this year has faired over previous years in the Bremerton, WA area.  I thought I would do some research for the first six months of sold homes in Bremerton for the years of 2010, 2009 and 2008. 

This first chart shows the total number of sales in Bremerton, WA for the last three years. 

I think that the first time home buyer tax credit really helped the first six months of 2010.  June so far was the winning month when it came to total closings with a high of 88.  We are still seeing the effect when it comes to closing because of the extension of the closing date from June 30th to September 30th.  The homes that might have needed this extension most likely will close in July with the stragglers, those probably being short-sales will continue to trickle in. 

It will be very interesting to see how the year ends.  I don't have a crystal ball - will 2010 end up with a higher sold volume? Who knows?  The market has slowed a bit.

This second chart shows the list price and sold price figures for the homes sold in Bremerton, WA during the last three years of 2010, 2009 and 2008.  When you look at the numbers you will probably be doing a WOW! Look at the loss from 2008! 

Of course sometimes all this data just leads us to more questions.

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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During the month of April  there were 73 homes that sold in Bremerton.   [zip codes: 98310, 98311, 98312, 98314, 98337].   These Bremerton homes actually had a transfer of home ownership.

Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.

Let’s look at those 73 Bremerton homes -

Average List Price

• $197,429 [March -$202,739  -February -$220,258 January -$203,640 December -$224,396 ]
• $124

Average Sold Price

• $192,860 [March -$198,231 February -$213,465 January -$201,166 December -$218,171 December]
• $122

The average sq ft of these 73 Bremerton homes was 1633 sq ft. These homes spent an average of 113 days on the market (DOM).

The list to sale ratio for these homes was 97.69 percent. What that meas is that buyers offered 97.69% of what the seller requested.

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds.

I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful. If you would like to find out the value of your home please feel free to contact me via phone or email.

I would be more than happy to supply you with a FREE Market Analysis. If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed"

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Here is something new I thought I would like to share each week.  A weeks worth of market data for the Bremerton, Silverdale and Port Orchard real estate community.  To start off I am going to give the market data between Monday, April 12 through Sunday April 18.

Each week I will give an update that will include the previous week, Monday through Sunday.  Might be fun.  Once the new IDX site I am having built goes online I will embed some exciting property listings.  I should be able to do that next Monday.

Hope you have a great week! If you need any real estate help just let me know - call the office 360-830-6195, or my cell 360-990-1433 or send a text to 360-990-1433 or email me. I would love to help you with your real estate needs.

Bremerton Real Estate Market
Residential homes on the market - 495
Pending this last week - 23
Sold/Closed this last week - 13

Silverdale Real Estate Market
Residential homes on the market - 86
Pending this last week - 6
Sold/Closed this last week - 2

Port Orchard Real Estate Market
Residential homes on the market - 493
Pending this last week - 28
Sold/Closed this last week 12

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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During the month of March  there were 61 homes that sold in Bremerton.   [zip codes: 98310, 98311, 98312, 98314, 98337].   These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.

Let’s look at those 61 Bremerton homes -

Average List Price

• $202,739 [$220,258 February -$203,640 January -$224,396 December]
• $120

Average Sold Price

• $198,231 [$213,465 February -$201,166 January -$218,171 December]
• $114

The average sq ft of these 61 Bremerton homes was 1740 sq ft. These homes spent an average of 122 days on the market (DOM).

The list to sale ratio for these homes was 97.77 percent. What that meas is that buyers offered 97.77% of what the seller requested.

Not a bad time to purchase a home in Bremerton, Washington. Prices are down, interest rates are at an all time low and with the incentives from the government you might want to look at what it means to you.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

It is finally official. The hombuyer’s tax credit has been extended to April 30, 2010

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

So what is the absorption rate at this point in time?  Check here for the definition of absorption rates - Absorption Rates

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

“Statistics not compiled or published by NWMLS.” Equal Opportunity Housing All information deemed reliable, but not guaranteed"

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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During the month of January  there were 42 homes that sold in Bremerton.   [zip codes: 98310, 98311, 98312, 98314, 98337].   That is 40 homes less than December 2009. Not a good start to 2010!    These Bremerton homes actually had a transfer of home ownership. Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages. Once all the I’s were dotted and the T’s crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner’s name!

If you want to learn more about how we transfer property in Washington State a really great site to visit is the Escrow Association of Washington site. There you can find definitions and explanations of the home buying process for Bremerton Washington.

Let’s look at those 42 Bremerton homes -

Average List Price

• $203,640 [$224,396 December]
• $130

Average Sold Price

• $201,166 [$218,171 December]
• $129

The average sq ft of these 42 Bremerton homes was 1623 sq ft. These homes spent an average of 94 days on the market (DOM).

The list to sale ratio for these homes was 98.83 percent. What that meas is that buyers offered 98.83% of what the seller requested.

Not a bad time to purchase a home in Bremerton, Washington. Prices are down, interest rates are at an all time low and with the incentives from the government you might want to look at what it means to you.  In fact it is a great time if you are a 1st time home buyer and qualify for the $8,000 tax credit – CREDIT! NOT loan! Read the information I have written about the program here

It is finally official. The hombuyer’s tax credit has been extended to April 30, 2010

What do these numbers mean? Is it a good time to buy? Is it a good time to sell. It all depends on your individual situation. I would rather buy in a buyers market and I would rather sell in a buyers market if I have to buy another home with the proceeds. I am a fan of the NORMAL market – everyone can feel more comfortable and real estate transactions are not as stressful.

So what is the absorption rate at this point in time?  Check here for the definition of absorption rates - Absorption Rates

Using the formula and only including active and contingent homes on the market the absorption rate for January would be 10 months - ouch! We had been down to 5 months in the last quarter of 2009.  Of course remember we are looking at a trend, so as we go through 2010 we will get a better picture.  Hopefully, low number of closings in January is not a trend.  If we included the pendings the absorption rate would jump to 13 months of inventory!

If you would like to find out the value of your home please feel free to contact me via phone or email. I would be more than happy to supply you with a FREE Market Analysis.

If you would like to purchase a home in the Kitsap County Real Estate Area please give me a call or contact me via email. We can discuss your future plans and I can set you up on an email campaign to receive the hot new listings quicker than YOU can find them.

Bremerton Real Estate 2009 Market Reports

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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While sale numbers for 2009 were stronger than 2008 it is still too soon to say the market has bottomed out.  We still have an issue with the many short-sale properties on the market that may lead to more foreclosures. 

I think the market is trying to recover but with the number of short sales and foreclosures that are expected to grow in 2010 and 2011 it will be a struggle.  Unless we can get banks to price their properties at current market value they will continue to drag the market down. 

Currently in the Bremeton home market there are 59 short-sales and 36 foreclosed on homes for sale.  This represents 22% of the total inventory which is 425 homes on the market.

Here is a quick snap shot of the first two weeks of the new year - 2010.  These figures are for all addresses in Bremerton or zip codes 98310,98311,98312,98314 and 98337. 

Pending BU Requested (Seller has accepted an offer but is still looking at other offers to go into a Back Up position in case the first offer fails to close - used by agents in most Short Sale situations)

8 homes | 4 are Short Sales | Average List Price $216,294, 1760sq ft, 135 days on market.

Pending Inspection (Seller has accepted an offer which is subject to an inspection by the buyer.  Once the buyer preforms the inspection and both parties come to terms with the findings this property will then either go pending or bank on the market)

15 homes | 1 is a Short Sale and 5 are Bank Owned | Average List Price $236,186, 2213sq ft, 109 days on market.

Pending (Seller and buyer have agreed on all terms, have preformed all duties and are headed to the closing table)

14 homes | 1 is a Short Sale and 6 are Bank Owned | Average List Price $216,382, 1649sq ft, 147 days on market.

Sold (Yippee! These homes have went through the sales process and ownership has changed hands.  The sellers have received funds and the documents have been recorded at the Kitsap County courthouse.  The buyers have now become the new owners and received the keys to the property!)

17 homes | 5 were Bank Owned | Average List Price $199,871, 1715sq ft. Average Sale Price $199,629 with 78 days on market.

If you are in the market for a home in Bremeton I wouldn't obsess with trying to time the market and figure out when will be the best time to buy or if the market is at bottom.  Trying to anticipate the local Bremerton housing market is impossible and usually we only know when bottom hits is when prices will be on their way up. 

The best time to buy is when you find a house that fits your needs and you can afford it.  We all have to remember that a home purchase should be based on more than the "equity factor".  If you wait for the "perfect time", you will probably miss out.

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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During the month of September there were 82 homes that sold in Bremerton.  These Bremerton homes actually had a transfer of home ownership.  Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages.  Once all the I's were dotted and the T's crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner's name!

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Market tough? Maybe. We do have several home owners in the Kitsap County area that may owe more than what they could sell their home for.  I have taken several phone calls over the last couple of weeks asking about seller closing costs. SELLER CLOSING COSTS?  Yes, sellers have closing costs.  If you are a first time seller this might be news to you. 

Of course you remember when you were a buyer that you had closing costs listed on your final closing statement.  Not being able to see the sellers side of the closing statement you probably didn't realize what the seller was paying. 

Here is a quick list of these items

• Real Estate Commissions - for seller's agent and buyer's agent
• Escrow Closing Fee ( you as a buyer paid 1/2 of this fee0
• Title Insurance
• Courier  Fees
• Reconveyance Fee
• Recording Fees
• and the huge chunk of change the local City/County/State want from you - its called Excise Tax 1.78% of the sells price of your property
  

Here is a fictious net proceeds for a Ms Bremerton Home Seller....

If you have any questions on selling your home in this market just give me a call, or send an email, or text me with your questions!

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Washington State Required Disclosures

"Equal Housing Opportunity"

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During the month of June there were 78 homes that sold in Bremerton.  (That is 15 more sold homes than in May.)  These Bremerton homes actually had a transfer of home ownership.  Contracts complete and Lender funds available the home buyer and seller signed all of their documents as escrow prepared the closing packages.  Once all the I's were dotted and the T's crossed there where deeds recorded at the Kitsap County courthouse that transferred the property into the new home owner's name!

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

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Weekly Street Closure Report
For the Week of June 28, 2009

.

STREET: Warren Avenue
LIMITS: 11th Street to 13th Street
TIMES & DAYS: Wednesday, July 1; 6:30aM to 2:30PM
RESTRICTION: One lane closed intermittently
Work Scheduled: Street Survey

STREET: Washington Avenue
LIMITS: 4th Street to Burwell Street
TIMES & DAYS: Ongoing
RESTRICTION: Expect Delays
Work Scheduled: Fairfield Inn Construction

STREET: 4th Street
LIMITS: Washington Ave to Pacific Ave
TIMES & DAYS: Saturday, July 4; 6AM to 7PM
RESTRICTION: Closed to all traffic, vendors on street
Work Scheduled: Old Fashioned 4th of July Community Event

STREET: Washington Avenue
LIMITS: 4th Street to Burwell Street
TIMES & DAYS: Tuesday, June 30, 8AM to 3PM.
RESTRICTION: Closed to thru traffic
Work Scheduled: Water Main Installation

**BREMERTON TUNNEL PROJECT**
STREET: Burwell Street
LIMITS: Park Ave to Pacific Ave
TIMES & DAYS: Ongoing through July 6, 2009
RESTRICTION: Road Closed, Detour Signs
Work Scheduled: Bremerton Tunnel Project

STREET: Burwell Street
LIMITS: Warren Avenue to Park Avenue
TIMES & DAYS: Ongoing thru July 6, 2009
RESTRICTION: Road closed, eastbound; westbound lanes open: detour signs
Work Scheduled: Bremerton Tunnel Project

STREET: 1st Street
LIMITS: Pacific Avenue to Washington Avenue
TIMES & DAYS: Ongoing thru July 6, 2009
RESTRICTION: Road closed, use 2nd St detour
Work Scheduled: Bremerton Tunnel Project

STREET: Pacific Avenue
LIMITS: 1st Street to Burwell Street
TIMES & DAYS: Ongoing thru July 6, 2009
RESTRICTION: Expect delays due to lane closure
Work Scheduled: Bremerton Tunnel Project

All work is subject to weather conditions

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

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Washington State Required Disclosures

"Equal Housing Opportunity"

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I guess this sums it up .... "The Commission has discontinued the development of an additional Tax Credit Bridge Loan program."

Posted June 11, 2009 on the Washington State Housing Finance Commission www.WSHFC.org site:

I was so excited about what Washington was doing that I even started a specific blog for it www.taxcreditadvanceloanprogram.com. If you want more information about what went on you can click on over. I will probably post more information about the original tax credit plan and update it when ever any housing credit takes place.

Similar posts: 

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It's Official - 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• Bremerton First Time Home Buyer $8,000 Tax Credit | time is Running OUT
  

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

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Copyright © 2008 - 2012 Homefront Realty

Washington State Required Disclosures

"Equal Housing Opportunity"

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Bremerton Washington first time home buyer $8,000 Tax Credit.  Are you thinking of buying a home in the Bremerton area of Kitsap County?  Are you a first time home buyer or do you qualify as one under the IRS guidelines?  If you are, you might want to start thinking about putting both feet into the Bremerton housing market.  If you listen to some of the local multiple association directors the bottom just might be here and we just might be on the up side. 

It is still a buyers market in Bremerton with approximately 7.5 months of inventory but with the absortpion rate I use 5-6 months is a normal market we are getting to normal! I am a fan of the normal market.  Of course there are home in Bremerton (all addresses with the "city" listed as Bremerton) that are a seller's market. There have been some "hot" properties out there this spring - some with multiple offers and bidding "wars". Really! You don't often hear of that in the mainstream media.

Take a look at this article. US News and World Report released this pass week about the Bremerton/Silverdale housing market.  US News and World Report names Bremerton/Silverdale number 1 in the top 10 housing markets for the next 10 years.

I have several Bremerton first time home buyers at the moment and we have all been talking about the new First-Time Home buyer Credit.  This is the new 2009 First-Time Home buyer Credit.  The $8,000. tax credit that is a credit and NOT a loan.  This credit DOES NOT have to be paid back and as everything there are exceptions.  The exceptions are...  

• Must use the home as a principle residence for at least three years or face recapture of the tax credit amount. Certain exceptions apply. Ask your tax adviser or read Form 5405
  

So back to the "Who is Eligible?".  You can claim the tax credit if you are a first-time home buyer.  Have you ever purchased a home?  If the answer is YES you STILL MIGHT BE ELIGIBLE.   The first-time home buyer must be able to state you did not own any other home during the past 3 year period that would end on the date of your new purchase.  So see you may be a first-time home buyer even if you have owned a home.  It is home-buying "do-overs"!

1. You must have purchased your home after January 1, 2009 and before December 31, 2009 to claim the tax credit.
2. Sometimes it is easier to decide eligibility if you know who CANNOT clam the credit
3. Your modified adjusted gross income is over $95,000 or $170,000 if married filing a joint return.
4. You are a nonresident alien.
5. You acquired your home by gift or you inherited it.
6. You purchased your home from a person you are related to.

There are other exceptions but for your local Kitsap area they don't mean much.  You can find them on Form 5405.

Looks like there will be lots of Bremerton first-time home buyers out this spring which in turn will help move that "move-up" market in Kitsap County.  Of course you will want to verify all of this with a tax consultant or go to the IRS web site and look for IRS Form 5405.

I have some ideas about this credit for local buyers so if you are interested please send me an email for more discussion!

Several of my first time home buyers have asked me the question

If I buy my home now do I have to wait till I file my 2009 taxes or can I have it now? 

So the question is, "Can I apply the tax credit against my 2008 tax return?"  "What if I have already filed my 2008 taxes?"

Doing some research I have found the answer is IRS Form 5405.  Check out Part I, section C. 

You can choose to claim the credit on your 2008 Form 1040 for a main home purchased after December 31, 2008 and before December 1, 2009.  If you make this choice, check the box.

If you have already filed your 2008 taxes you would have to file an amended return. See the IRS web site and look for form 1040-X and form 843. If you don't understand the directions then consult a tax attorney or your CPA.

Similar Posts

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It's Official - 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
  

Check out my new blog that will only address the Washington State Tax Credit Advance Loan Program. www.TaxCreditAdvanceLoanProgram.com - be sure to bookmark it so that you can access it for more information as it becomes available with the rapid changing $8,000 First Time Home Buyer Tax Credit Program.

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

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Copyright © 2008 - 2012 Homefront Realty

Washington State Required Disclosures

"Equal Housing Opportunity"

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I love Google Alerts! It is amazing what you can find out by setting up your key phrases targeted to your market area. This evening this US News & World Report article came through.  This is an exciting piece of news. Of course it doesn't surprise me, we are an unique area.

We are insulated somewhat from the tough economic times because of the huge military presence. We have two large Navy bases here - Naval Base Kitsap Bremerton and Naval Base Kitsap Bangor, along with Puget Sound Naval Shipyard (PSNS) and Naval Hospital Bremerton. These are steady paychecks that help our local economy. Read the article for more facts on our local economy and real estate market. If you are looking to invest in real estate Bremerton - Silverdale just might be a place to look at.

The Top 10 Housing Markets for the Next 10 Years

Home prices in these 10 cities will appreciate handsomely over the next decade

1. Bremerton-Silverdale, Wash.: 5.22 percent
2. Glens Falls, N.Y: 4.71 percent
3. Fort Collins-Loveland, Colo.: 4.06 percent
4. Corvallis, Ore.: 3.95 percent
5. Anchorage, Alaska: 3.8 percent
6. Duluth, Minn.: 3.74 percent
7. Sandusky, Ohio: 3.66 percent
8. Santa Fe, N.M: 3.57 percent
9. Pittsfield, Mass.: 3.51 percent
10. Decatur, Ill.: 3.44 percent

 

Author:Jo Soss

Jo Soss is the designated Broker and the owner of Homefront Realty in Bremerton Washington. Selling real estate in the greater Puget Sound area since 1994 she has vast knowledge in all aspects of a real estate transaction. Using today's technology with her signature personal service allows her to achieve complete customer satisfaction.

View all posts by Jo Soss →

Subscribe

Copyright © 2008 - 2012 Homefront Realty

Washington State Required Disclosures

"Equal Housing Opportunity"

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