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Lowest interest rates seen in Champaign

by Tom Cain and Company

What a time to be a buyer! I just helped a client sell his condo in Champaign yesterday which made him and his wife Buyers. We were able to find a new construction house they wanted to buy on the same day. Last night he was able to speak with lender and lock in a interest rate for 30 years at a 4.75% fixed. This is the lowest 30 year fixed I have ever seen a buyer get. It made their payments lower than they could of imagined.

What a great time to buy! There is money available for good buyers. This conventional mortgage was accomplished with only 5% down. If you are thinking about buying and would love to save thousands of dollars in the process please give me a call at 217-352-5700 or email me at tom@soltec.net  Merry Christmas to all of the buyers out there!

Thanks,

Tom Cain

$7500 Tax Credit on Champaign Real Estate

by Tom Cain and Company
Dear Friends,
 
In case you haven't heard, the Housing and Economic Recovery Act of 2008 has authorized a $7,500 tax credit for qualified first-time Home Buyers.  
 
You must act quickly...this is good only through the end of July, 2009!  This is a Tax Credit/Rebate for a first time home buyer only....Read this sentence very carefully....A first time home buyer is defined as someone who has not owned a principal residence during the past three years prior to the purchase of a new home.
 
Home Buyers will be required to repay the credit to the government, without interest, over 15 years or when they sell the house, if there is sufficient capital gain from the sale. For example, a home buyer claiming a $7,500 credit would repay the credit at $500 per year. The home owner does not have to begin making repayments on the credit until two years after the credit is claimed. So if the tax credit is claimed on the 2008 tax return, a $500 payment is not due until the 2010 tax return is filed. If the home owner sold the home, then the remaining credit amount would be due from the profit on the home sale. If there was insufficient profit, then the remaining credit payback would be forgiven.
 
If you or someone you know is even considering the purchase of a new home, this is the time!! I would be happy to provide you or those you know with more information, if applicable!  If you know of someone who this may benefit, please let me know as I would love to help them!
 
I have also included the following link for your convenience.  Simply click on the link or copy and paste it into your web browser:  www.federalhousingtaxcredit.com
 
Tom Cain & Company
RE/MAX Realty Associates
800-537-0217 or 217-352-5700
Ask for Tom Cain, Eddie Mullins, Pam Franks or Tom Exton

Chris Cringle in Champaign IL 2008

by Tom Cain and Company

The Chris Cringle Craft Show was held this year November 7-8, 2008 at the Champaign/Urbana Assembly Hall at the University of Illinois.  They had over 150 booths with a variety of crafts and handmade items.  Some of my favorties are the custom jewelry, clothing, baskets and purses.  The woodworking craftmanship they have every year is great. 

http://the217.com/events/view/2008/11/08/6492

http://www.ccchamber.org

Other events held in Champaign at the Assembly Hall following The Chris Cringle Craft Show were:

http://www.uofiassemblyhall.com/

We enjoy so many events year 'round at The Assembly Hall!

 

 

Festival of Trees in Champaign

by Tom Cain and Company

 

Champaign Illinois hosted Festival of Trees on November 20-23, 2008 at the Hilton Garden Inn at the Champaign Hilton Garden Inn.  Champaign - Urbana Junior League sponsored this event.  All proceeds are donated back to the Champaign Community.  It was a great success.  Since its conception it has raised over 1 million dollars for charities in the Champaign Community.

More details on the event or others in Champaign County.

http://www.cufestivaloftrees.org

http://www.juniorleaguecu.org

http://www.ccchamber.org

We were so glad they were able to make good use of our moving truck to help in the transport of the trees and decorations.  Our moving truck is always available (first come - first serve) to anyone that buys and/or sells through Tom Cain & Company at RE/MAX Realty Associates, but also to non-profit or community organizations.

www.cainandcompany.com

www.tom-cain.com

 

Displaying blog entries 1-4 of 4

Contact Information

Photo of Tom Cain and Company Real Estate
Tom Cain and Company
RE/MAX Choice
2919 Crossing Ct.
Champaign IL 61822
217-359-3131
Fax: 217-359-2334

Champaign County Chamber of Commerce