The HomeBuyer Tax Credit
Great news! The Homebuyer Tax Credit has not only been extended, but it has also been expanded to include current qualifying homeowners. The following are some of the features of the new bill:
- Deadline for current credit is November 30, 2009.
- Deadline for new and improved credit is April 30, 2010, as long as the home is under contract by that date; deal must close within 60 days or no later than June 30, 2010.
- Eligibility and amount of new credit:
- $8,000 for first-time homebuyers (those who have not owned a home in the last three years).
- Up to $6,500 credit for homeowners who have lived in the home they are selling (or have sold), as a principal residence for five consecutive years of the last eight. - Buyers with incomes exceeding $125,000 for single and $225,000 for married couples are not eligible for the full tax credit but may qualify for a portion of it.
- Homes valued at more than $800,000 are not eligible.
Sooooo....if you are a current homeowner, you might be eligible for a $6500 credit. And if you're a new homebuyer, you can receive up to $8000 credit.
BUT, legislators on both sides of the aisle agree that this credit will not be extended again. They urge anyone considering buying a home to do so by next Spring. This should also inform potential sellers' decisions regarding listing a property. Time is of the essence. Fall and winter has always been a slow time in the home sale market, and prices tend to be lower now than in the spring market, so now would be the best time for buyers to buy homes.
If you are thinking of buying or selling a home give me a call today and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. You can save thousands by listing your home with Advance Realty Anne Arundel Inc.. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building a lone is worth the plunge into todays market.
In keeping with saluting our heroes, during 2009 Advance Realty Anne Arundel Inc is waving administrative fees active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve Advance Realty Anne Arundel Inc. will waive the admin fee at settlement. This is a $350 savings. If you are thinking about buying or selling a home give Advance Realty Anne Arundel a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-761-1550.
June Piper-Brandon, Broker - Advance Realty Anne Arundel Inc.
Heritage and Museum Yard Sale
Maryland, and Baltimore in particular has been voted the most visibly historic town in America. There are lots of historic neighborhoods, historic homes not just in Baltimore but across the state. Pricing homes that are visibly historic, on the National Register of Hisoric Places or within historic districs can be both a challenge and time consuming. The most important thing you can do to help your client is to preview other homes in your marketplace, so you know how the homes compare and therefore how the prices compare. 
Happy Halloween!! The Anne Arundel County real estate market is still seeing a welcome increase in sales and settlements over the past weeks, the sales are edging higher. Interest rates are still low. The home sales still aren't as swift as we would like to see, however, they are remaining fairly stable. The number of new listings has declined steadily over the past few weeks and we are seeing a slight increase in the number of homes going under contract and settling. Home prices are also remaining fairly stable as we move into the Thanksgiving Season. Now that fall is here to stay we'll see another spurt in activity before the winter hibernation. I'm surprised I'm not seeing more new home buyers making the decision to buy with so many great deals available. Now with the economic stimulus changes (up to $8000 in tax credits) and low interest rates it will be interesting to see how this all changes. Overall, there has never been a better time to buy, than right now but buyers need to hurry because the tax credit times are coming to an end soon.
Glen Burnie offers many affordable housing opportunities for those relocating to Ft. Meade and Annapolis. Glen Burnie is located north on 97 from rt 50 or north on Rt. 2 from Annapolis Naval Academy and east along 32 and north on 97 from Ft. Meade. It is a relatively easy commute from either base and only a couple short miles from the Curtis Bay Coast Guard Station too, as well as being commutable to DC whether you ride the MARC from Odenton or drive.
Jim Craig's Allstate Office
I met Jim Craig a few years ago at a
Jim's office is located at 912 Light Street, Baltimore, MD 21230 in Federal Hill and you can reach Jim by phone at 410-752-1300. Jim always says that his goal is his customer's complete satisfaction. I am definitely a satisfied customer.
Maryland, and Baltimore in particular has been voted the most visibly historic town in America. There are lots of historic neighborhoods, historic homes not just in Baltimore but across the state. Pricing homes that are visibly historic, on the National Register of Hisoric Places or within historic districs can be both a challenge and time consuming. 
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