Saturday, November 28, 2009
To Friday, April 30, 2010
$8,000 Tax Credit Extended to April 30, 2010! NOW Is the Time to Make Your Move.
The 2009 First Time Home Buyers Tax Credit, which was set to expire November 30, 2009, has been extended. The tax credit has been expanded with new changes that will further benefit qualified home buyers (anyone who have not purchased a home within the last three years):
The new expiration date is April 30, 2010 giving homebuyers over 5 more months and into the spring house-buying season to find their home, get loan approval, and close the transaction.
In addition, income limits have been raised from $75,000 to $125,000 for single buyers, and for married couples the income limit has been raised from $125,000 to $225,000.
With historically low mortgage rates and still low (but rising) prices, this is a good time to make your move. Many buyers who did not take advantage of the market conditions months ago are wishing they had acted. Don't miss out. Call me,Sheila Johnson, 540-735-2246, to set up a free consultation to help you explore and maximize this opportunity.
Saturday, November 28, 2009
To Friday, April 30, 2010
Homeowners: Do Market Opportunities and a New $6,500 Tax Credit Make it a Good Time To Sell?
A new revision to the recently extended Homeowner's Tax Credit may be a window of opportunity for some home owners who have been wanting to sell their home, whether to move up or to downsize, but have adopted a """"hunkering down"""" mentality.
The new tax credit is for current homeowners: if you have owned and resided in your home for at least 5 consecutive years out of the past 8 years, you can qualify for up to a $6500 tax credit.
If you combine this new tax credit with historically low interest rates and great values in the market place, it might be a really opportune time to make your move. However, this tax credit is only for a limited time and waiting too long may cause you to miss out on market opportunities that could benefit you. Each person's situation is different. I will be happy to provide a no-obligation consultation to discuss your home's current value as well as the prices of homes in your target range and explain in more detail the stipulations on the tax credit. Don't look back and wish you had sold your home instead of waiting. There's no obligation to explore your options. Call me to schedule a meeting today .I'd be happy to answer any questions you might have. Feel free to call me at 540-735-2246 or email me at Sheila @SheilaJohnson.com any time.
