Archive for December, 2009

North Eastern Group REALTORS get the Christmas Spirit!

Saturday, December 19th, 2009
Fort Wayne Realtors give back

Fort Wayne Realtors give back

Through the Fort Wayne Christmas Bureau, the REALTORS at North Eastern Group Realty had the privilege of donating items to a young mother and her two small children. It was a great reminder that although this has been a difficult year for many REALTORS, in reality, we are all very blessed.  Most people who receive donations from the Christmas Bureau would have absolutely nothing for Christmas if it were not for the donations they receive. 

 

In addition to supporting that family, North Eastern Group REALTORS spent half a day at the Christmas Bureau donation warehouse unloading and sorting deliveries. It was a cold and snowy day, but it was a great time of fellowship.

 

North Eastern Group REALTORS, in addition to many of their own charitable efforts, take time out to give back to the community as a Company once a quarter. Other projects that we participate in annually include an American Red Cross Blood Drive and fundraisers for the Sexual Assault Treatment Center and Christian Community Health Center.

 
The REALTORS at North Eastern Group Realty wish all of their friends, clients and associates a blessed holiday season!

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Posted in Fort Wayne Realtor - Agent news

IRS Sets New Rules for Tax Credit

Tuesday, December 8th, 2009

The IRS has spelled out guidelines for eligibility for the home buyer credit when co-borrowers purchase a property.

When a home-owning parent of an adult child co-signs for a mortgage and both names appear on the note, the IRS says that under some circumstances, the first-time home buyer can qualify for the whole amount.

The IRS says the parent doesn’t qualify for any portion of the credit, but if the child hasn’t owned a home during the three years preceding the current purchase and can qualify based on income, he or she can be allocated the entire $8,000 credit.

When unmarried individuals co-purchase a home and only one of them is eligible for the credit, then the full $8,000 can be allocated to the eligible buyer.

Source: Washington Post Writers Group, Kenneth R. Harney (12/04/2009)

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Posted in Real Estate

Look for our newest project Hawthorne Park Estates in the spring of 2010!

Monday, December 7th, 2009

 

Hawthorne Park was one of the most sought after communities that The North Eastern Group companies have ever developed. The desirable location, sought after school system, and superior design caused home sites and spec homes to sell very rapidly. Unfortunately, Hawthorne Park has been sold out for several years. The recent expansion of the Parkview Health system from Dupont to Union Chapel Roads has driven even more demand in this area and we are excited to announce our newest project, Hawthorne Park Estates.
 
  
Lots in Hawthorne Park Estates will range from 100 – 130 feet in width, with the vast majority of lots being prime water lots! In addition to the over sized lots in the interior of this community, unique lots with covenants that allow for architecturally approved outbuildings will be available off of Crawford Road for a more rural setting. Homes are expected to start at over $300,000 with most home sites requiring a minimum of 2200 sf for a ranch and 2600 sf for a two story. Three car garages will also be required.
 
 

New Venture Land Corp. will be submitting plans for this project before the Allen County Plan Commission in January of 2010. Much work remains for this new project to become a reality, but initial feedback from the builder and REALTOR communities is that this project should be just as popular as the initial Hawthorne Park.

 

 

 
 

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Posted in Real Estate