SplitRock Real Estate - Martha's Vineyard Real Estate Exclusive Buyer Agent

DON'T MISS OUT ON THE FIRST-TIME HOME BUYER OPPORTUNITY OF A LIFETIME!
Mortgage rates and prices are at record lows, taxes are down, FHA guidelines are easier.

Buy a home on Martha's Vineyard this year and you can receive a tax credit up to $8,000 --- and it is cash that does not have to be repaid!

Here are some answers to questions you may have about The American Recovery and Reinvestment Act of 2009:

What is the qualifying definition of a "First-Time Homebuyer"?
The government has broadened the definition of a "first-time homebuyer" to include someone who has owned a principal residence (anywhere), but not during the three-year period prior to this year's purchase.

When must I purchase a home to qualify?
If you buy a home in Edgartown, Oak Bluffs, Vineyard Haven, West Tisbury, Chilmark or Aquinnah and close escrow between January 1, 2009 and December 1, 2009, you will qualify for a tax credit of up to $8,000 - as long as it is your Primary Residence.

What are the income limits for claiming the tax credit?
Single homebuyers can get an $8,000 credit if their Modified Adjusted Gross Income (MAGI) is less than $75,000; for married couple's their MAGI must be less than $150,000.

How do I apply for the tax credit?
Taxpayers should use IRS Tax Form 5450 to claim the first-time homebuyer tax credit.

Does the tax credit have to be repaid?
Unlike the 2008 first-time homeowner $7500 tax credit, this $8000 tax credit does NOT have to be repaid to the IRS.

Learn more about the First-Time Home Buyer Tax Credit here!

Welcome to SplitRock Real Estate
Exclusive Buyer Agent for Martha's Vineyard Real Estate

Peter Fyler Martha's Vineyard Real Estate Buyer Broker

Peter C. Fyler
Owner/Broker
REALTOR®, CRS®

Do you want to learn about the purchase process from "just looking" to receiving your property deed?

Do you want to learn more about financing and tax issues?

Do you know the difference between an EXCLUSIVE Buyer Agent and a Buyer Agent working in a traditional real estate office?

Do you know what services an Exclusive Buyer Agent provides?

Do you want to know how an Exclusive Buyer Agent gets paid?

The answers are all here at www.SplitRockRE.com. So, take your time and read through the user friendly information I have put together FOR BUYERS ONLY.

You will want to bookmark this page in your Favorites folder so you can come back often to review Peter's Picks and see what I believe are outstanding homes and land in Edgartown, Oak Bluffs, Vineyard Haven, West Tisbury, Chilmark and Aquinnah, or to research the most recent Property Transfers. You can stay up to date on current events in our Vineyard News section, or for fun, keep your eye on the Island by viewing the local webcams at my Webcams & Weather section.

Knowledge is Power - I Create Power Buyers

Just looking. Subscribe now to my FREE Buyers Basic e-Newsletter. Once a week, you will receive an update report of all newly listed properties in all towns on Martha’s Vineyard as well as price changes, properties sold and properties that are newly under agreement. My subscribers include home buyers, home sellers, bankers, mortgage lenders, appraisers and attorneys.

Contact me to find out how you can receive my VIP Alert Auto-Responder service providing immediate information on newly listed homes, land, condos and commercial properties. The VIP Alert service is tailored to your specific unique search criteria.

If your interest has gone beyond a casual curiosity and you're considering making an investment in Martha's Vineyard real estate, I will provide you with the serious in-depth eduction you need to in order to make that all important decision. Contact me to become an exclusive buyer client and receive my client level Inner Circle e-Newsletter.

This is not one of those canned monthly template newsletters that is 99% generic fluff and 1% Martha's Vineyard area specific. This is 100% timely information presented from my keen perspective as a full time real estate professional and published every week. The Inner Circle e-Newsletter is only available to Buyers who have a passionate dream and a sincere desire to make that dream come true. When you sign on with me you will experience true Exclusive Buyer client level service. SplitRock Real Estate represents the Buyer 100% exclusively providing 100% SERVICE, 100% of the time. My task is to find the best property, with the best terms and advantage that best suits your needs no matter how long it takes. I want you to be informed and comfortable with any buying decision you make. My clients are pleased with what I do for them and eager to recommend my service to their friends. Here is what one of my clients wrote about the Inner Circle e-Newsletter:

"Your Inner Circle e-Newsletter is extremely interesting. Really wonderful. I especially like that you permit a lot of your personal opinions to seep through, you humorously point out the foibles of overpricing and price reductions, and yet you simultaneously identify good opportunities in all price levels. It seems to me almost anyone, from a young family with modest assets, to a buyer looking for a very substantial property, would find your e-Newsletter very helpful."

M. G., Greenwich, CT

“As a client, your Inner Circle e-Newsletter property commentaries have become a key part of my weekly research. If you ever move to a fee-based newsletter format, count me in as a paid subscriber.”

Mike S., East Orange, NJ

"Sellers' agents and dual agents do not and cannot by law give a buyer the same degree of loyalty as an agent who acts on behalf of the buyer."

Oklahoma Supreme Court ruling - June 1, 1999

A recent Boston Globe article reported, "While buyers are under less pressure to make quick decisions, there are many more homes to choose from and thus more homework involved," said David Wluka, president of the Massachusetts Association of Realtors.

The Globe went on editorializing, "So buyers: Be patient, but be ready to strike. Get preapproved for a mortgage and have other financial paperwork ready. Take advantage of a seller's calendar; if, for example they're itching to move, or want to wait until the school year ends. Get to really know an area, what's available there, and how home prices have moved recently. And, get help -- a buyer's agent, that is...because they can often find out what a seller's situation is for you. It's a good deal for the buyer, too; in most cases, listing brokers split their commissions with a buyer's agent."

"Having a buyer's agent gives you more of an advantage during the negotiation process because the seller is never aware of the price you are willing to spend -- unlike listing agents, who are only trying to negotiate the highest possible price for the seller," said Barry Nystedt, president of MassBuyerAgents.org.

Let me ask you a question. How do you begin your search for that perfect property you’re dreaming of?

Do you thumb through the newspaper and look at the nice display ads?
Do you scour all the tiny classified ads in the real estate section of the newspaper?
Do you surf the Net going from one broker’s website to another looking to see what properties they’re marketing?

Of course you do.

But did you know, when you call on any of those ads, the listing broker represents the SELLER, not you. Sure, they can offer you Disclosed Dual Agency, but they cannot offer you 100% buyer advocacy (Definition of Advocacy: active support; especially the act of pleading or arguing for something), and in my opinion dual agency introduces the obvious possibility for conflict of interest.

SplitRock Real Estate, an Exclusive Buyer Agency, does not list property for sale and works exclusively with buyers in order to completely remove the potential for any conflict of interest.