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| October 2008 |
What’s this $7,500 tax credit?
Top 10 Points
- It’s for first time home buyers.
- If you have not owned a home in the past 3 years, you’re a first time home buyer.
- You qualify if you buy a home from 4/9/08 to 7/1/09.
- The credit is 10% of the homes price up to a max of $7,500.
- This is a tax credit that reduces dollar for dollar the net taxes you owe on your income tax return.
- Starting with your 2010 taxes due in 2011, you must pay back 6.67% ($502.50) each year for 15 years. It’s essentially an interest free loan to help you buy a new home.
- If you sell your home during the 15 year period, you pay back the balance due when you close.
- If you sell the home at a loss or break even, you do not have to pay back the loan. Pretty good deal. The government is betting home Prices will go up.
- If you die before repaying the debt is forgiven.
- If you make over $75,000 individually or $150,000 jointly there are restrictions.
Check with your lender or accountant to find out the particulars and how the credit may benefit you.
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Keefe is the Sales Leader in Walworth County
Keefe Real Estate has been recognized as the leading real estate company in Southeastern Wisconsin for many years. Sales results for the first three quarters of 2008 from the Multiple Listing Service (MLS) show that Keefe Real Estate is still the sales leader in Walworth County. Whether buying or selling, partner with Keefe to Get Results!

This chart combines “sold” listings of all office locations and independent offices of each multi-office or franchise organization identified. It includes listings which were sold by such organization itself, or with the aid of a cooperating broker for Walworth County and time period indicated, according to data by the Multiple Listing Service, Inc. This representation is based in whole on data supplied by the MLS. MLS, Inc. does not guarantee or is in any way responsible for its accuracy. Data maintained by the MLS, Inc. may not reflect all real estate activity in the market.
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Google Street View Maps, a 360° view of many neighborhoods, Check it out!
View real estate listings on the Keefe Real Estate site and take a virtual walk down the street to check out the neighborhood! Each listing now features a Google™ Map and Google™ Street View (where available). Street View shows you a 360° view of the address and even allows you to navigate down the street to see what the rest of the neighborhood looks like.
Visit www.KeefeRealEstate.com today! |
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Find your new lake home with Keefe Lake View In Depth
Find the perfect lakefront property with the new Lake View In Depth interactive map. View area lakes, sales stats, lake information & photos and current lakefront listings all on an easy to use map.
Find your lakefront home at www.KeefeRealEstate.com/lakemaps
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Lake & Country Magazine
Deadline for the Winter issue is October 17th, contact your Keefe agent today or
call 800-690-2292.
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Enjoy Autumn at the Lake! |
Experience the shades of the season and enjoy a getaway in the Geneva Lakes area this fall and winter with Keefe Resort Rentals. It’s also time for the prime SUMMER availability, so be sure to contact us when you’re filling out your 2009 calendar!
There are several new properties, including lakefront properties, that have just joined Keefe Rentals. Check them out, as well as the popular classics that so many have enjoyed for years, on our website: www.keeferentals.com.
Keefe Rentals offers an array of private homes, lake access, lakefront, townhouses, and condos to suit your vacation needs. We also provide properties for long-term rentals, whether relocating to the area or need to temporarily move due to a construction project delay. Search our inventory to find the property that suits all your needs.
Our properties span the area of lakefronts on Lake Geneva, Lake Delavan, Lauderdale Lake, Whitewater Lake, as well as Abbey Springs and Geneva National private resort communities. To view the virtual tours, pricing, and details, visit www.KeefeRentals.com or call our specialists today for rates (866) 818-8637.
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Title Tips
Do you always need a new survey on a real estate transaction? The answer is no!!
Many people think it is a lender requirement and that a new survey is needed on all transactions that are financed, however, we as a Title Company will waive survey exceptions on the mortgage policy for the lender without a new survey. Also, if an acceptable survey is provided to us, no matter how old the survey is, and there have been no improvements since the date of that survey, we may be able to waive the survey exceptions on the owners policy. Just provide us with a copy as soon as feasible, we will review and let you know if it’s acceptable or how to proceed.
When should you have a new survey?
You should have a new survey on new construction or spec homes or if the property has had improvements since the last survey was done, with respect to pools, outbuildings, new deck or patio, or extensive landscaping.
It is always a good idea to have a survey on the property you are buying or selling, but it is not absolutely essential that it be a new survey. This is negotiated as part of the Offer to Purchase and what is comfortable to all parties. It is also beneficial to seek legal counsel to assist you in determining whether you should have a new survey prepared.
At Southeastern Wisconsin Title Company, LLC, we provide a wide range of services in addition to closings. Please ask us about our 1031 Exchanges and Construction and Escrow services. We are Insuring Your Investment and strive to create a quality experience for you as we guide you every step of the way.
Call Audra Buggs, President, at (262) 723-5566 or visit www.sewt.net.
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A prestigious conservation community known as Chaucer Woods of Bristol.
This conservation development is still drawing interest today, it offers bike & nature trails, community parks, and well planned conservation areas. Come with house plans and select your unique home-site today. Only 17 home-sites remain. Independent builders are welcome.
Please contact Keefe Real Estate at (877) 725-6895 for more information.
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Geneva National Fall Festival of Homes - October 11 & 12
Join us for Geneva National Fall Festival of Homes on October. 11 & 12 from 1-4pm. Over 9 Builder Models will be open. Builders are offering great refreshments from Wine & Cheese to Micro-Brew and Brats. More info.
- The Preferred Builders at Geneva National are currently offering exciting incentives on new homes. There's never been a better time to buy a home in Geneva National! Click on this link to for the latest news.
The Geneva National Golf Club offers 54 holes of championship golf on three signature courses designed by golf legends Arnold Palmer, Lee Trevino, and Gary Player. Open 7-days a week; visit the Keefe Real Estate sales office at the entrance of Geneva National. For additional information on furnished models or to schedule your appointment, please call 888-356-3084 or visit www.GenevaNational.com.
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Activities are winding down at the South Shore Club with another successful summer of boating, swimming and tennis. The members enjoyed the annual 4th of July party which included the golf cart parade and cookout followed by the Fontana fireworks and boat parade.
There are two new houses under construction which should be completed in 2009 as well as an additional lot under contract. There are only seven homesites still available for sale and two resales. For more information contact Keefe Real Estate at 888-214-2174.
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The Very Best Lake Geneva has to Offer
Meadowview Estates
A conservation neighborhood of 35 lots, Meadowview Estates features rolling hills, ponds and a 160 acre park next door. This is the place to build your home of distinction. In keeping with a philosophy of conservation, the homes, individually designed for each lot, will be sited for privacy. Located halfway between Lake Geneva and Fontana, Meadowview Estates has quick access to highways to Chicago and Milwaukee. From downtown Lake Geneva, follow 120 South to Highway BB, then West on South Lakeshore Drive.
For more information, please call Keefe Real Estate at 800-836-6927.
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The Highlands of Lake Geneva
Armor Homes, located just blocks from downtown Lake Geneva is the place to be this fall. With 10 floor plans, that can be customized, and 40 plus home sites to choose from, Armor Homes can meet the needs of any buyer. Nearby shopping, gourmet dining and entertainment complete the amenities that surround the Armor Homes community.
Don't miss the opportunity to have it all, year-round living in a vacation setting. Our models are open Saturday -Wednesday from 12-5 and Thursday & Friday by appointment.
Already have your home site? Armor Homes Off-site Division can bring the quality and value that is Armor homes directly to you
Models are open daily from 12-5 and by appointment on Thursday and Friday only. Already own a lot? Let Armor Homes bring space, comfort, and affordability to your property. Armor Homes custom off-site division is ready to meet your building needs. For more informations, call Keefe Real Estate at 800-683-7962.
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Bluestem Meadows
Enjoy the tranquility of the northwoods just minutes from shopping, schools, and lakes. Subdivision offering nature trail and creek. 4+ acre homesites available.
For more information, please call Keefe Real Estate at 800-690-2292.
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Nestled into the hillside of Fontana, WI is a first class development respectfully named The Cliffs of Fontana. The Cliffs offers a maintenance free lifestyle, swimming pool, playground, and ideal location for all that lakes area has to offer.
With prices starting at $499,000.00 and quality and highly recognized craftsmanship from a builder like PAR Development you cannot go wrong. For more information contact Keefe Real Estate at 800-690-2292.
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The Oaks of Delavan Lake
The Oaks of Delavan Lake offer 16 wooded home sites ranging from a little over a ½ acre in size to just over 1.5 acres. Located on the corner of prestigious North Shore Dr. and Linn Rd. provides easy access to major highways and Delavan Lake. This fabulous new development offers the freedom to choose your own builder, architectural controls to protect your investment, and prime lots located on a quiet cul-de-sac. Development is near completion so hurry while select lots are still available.
For more information, please call Keefe Real Estate at 800-690-2292.
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Dates to Remember
October 11-12
17th Annual Oktoberfest
Lake Geneva, WI
Family Fall Festival includes music, magic, pony rides and the Great Pumpkin Giveaway. Food and craft booths, restaurant and shopping specials and carriage rides. For more info visit www.lakegenevawi.com or call (262) 248-4416.
October 18
Oktoberfest /Fall Festival
Elkhorn, WI
Chili cook-off, scarecrow contests, games, crafters, farmers market, fun for all ages!
November 8
Holiday Parade of Homes
Tickets available at Bradley's Department Store.
November 22
4th Annual Turkey Trot 5k & 10k Run or Hike
At Big Foot Beach State Park
Win a turkey! Bring the whole family! See the new Playground! Great raffle prizes and fun to be had by all. All proceeds directly benefit the FBFBSP. For more information visit: www.friendsofbfbsp.org.
December 6, 13 & 20th
11-2
Bring your camera to capture your kids with Santa & Mrs. Claus
Keefe Downtown office, 703 Main St , Lake Geneva.
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keefe@keeferealestate.com
Call Toll Free 1-866-662-4702
©2008 Keefe Real Estate · PO Box 460 · Lake Geneva · WI · 53147-0460
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