What's going in the Northern Virginia Real Estate market? Should I buy? Should I sell? It really depends on your short term and long term plans. Check out my Blog for the most up to date information.
Homebuyer Tax Credit Extended & Expanded Effective 11/07/09 New legislation signed into law on 11/06/09 extends the Tax Credit. Anyone who has not owned a home within the past 3 years, may qualify for the $8,000 Tax Credit...it's not limited to First-Time Buyers. Homebuyers must enter into a Contract to buy a principal residence by 04/30/10 and close on the home by 06/30/10 to qualify.
Existing homeowners who have lived in their principal residence for at least 5 consecutive years over the last 8 years may now qualify for a $6,500 Tax Credit on the purchase of a new principal residence after 11/06/09 and before the 04/30/10 and 06/30/10 deadlines. Taxpayers with higher incomes can now qualify for the same $8,000 or $6,500 Tax Credits on the purchase of a new principal residence after 11/06/09 and before the 04/30/10 and 06/30/10 deadlines. The Tax Credit phases out for individuals with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. Check out my Blog for details and IRS links.
FREE SEARCH of every home for sale in Northern Virginia. On my website you will find everything you'll need to buy or sell a home, as well as learn about the market value of homes you may own in the area. It is our goal as your full service real estate company specializing in the Arlington, Falls Church, Fairfax, Alexandria, and Northern Virginia areas, to provide you with superior service at all times, so if I can help you personally, please feel free to contact me.
Our local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources we offer. We consider this community an excellent place to reside and would love to share with you our enthusiasm for the many neighborhoods that encompass it. We pride ourselves on providing unparalleled service and look forward to developing a long-term relationship with you. Please feel free to contact us if you would like to discuss how we can best assist you with your real estate needs. Sincerely,
Tom Ross
NVAR Multi-Million Dollar Club 2008
Top 5% of Realtors in the USA
Second Generation Realtor
No Buyer Clients stuck with Subprime Loans
As a native Virginian who has lived in the Washington Metropolitan area for over 15 years, Tom provides comprehensive knowledge of the local real estate market to his clients. He also grew up in a family of Realtors and Custom Home Builders and brings to his clients a lifelong knowledge of the industry. And with over 15 years of sales experience, he understands the dedication and attention to detail required to get the job done properly. Whether you are a first-time buyer trying to find the home of your dreams or a seller trying to capitalize on your real estate investment, let Tom provide you with experienced, competent and confident service.
Tom Ross
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NEWS
Here are interesting news articles from the past few months about the housing market:
The Basics: Extended Homebuyer Tax Credit 2009/2010
From the National Association of Realtors
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
Extends the First-Time Homebuyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
Expands the credit to grant up to $6,500 credit to current home owners purchasing a new principal residence between November 7, 2009 and April 30, 2010.
Here is more information about the Extended Homebuyer Tax Credit.
While New York Struggles, Washington Thrives
By Peter Coy, Business Week
At the same time Wall Street is losing jobs and prestige, the nation's capital is gaining steam as it ramps up to fight the recession.
Look out, New York. Washington is gaining on you. As the nation's most populous metro area feels Wall Street's pain, the fourth-largest--Washington--is barely sensing the recession. In fact, Moody's Economy.com estimates that Metro Washington's economy will actually grow 2.5% from mid-2008 through mid-2010.
Read the entire article
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