Cash In Now With The New Homebuyer Tax Credit For First-time Homebuyers As Well As Current Homeowners

By now you’ve heard the new law, The Worker, Homeownership and Business Assistance Act of 2009, went into effect November 6, 2009, which extends and expands the first-time homebuyer tax credit, making it available to move-up buyers and expanding the income limits for purchasers.

Under the new law, home buyers have until April 30, 2010 to enter into a binding contract to qualify for the tax credit and purchase must be settled until June 30, 2010.

First-time home buyers, a buyer who has not owned a primary residence during the three years up to the date of purchase, with adjusted gross incomes up to $125K (singles) or $225K (married) can get the maximum $8,000 tax credit. Homebuyers with an income over $145K for singles or $ $275K for married may be eligible for reduced credit.

Current homeowners, a buyer must have owned and used the same home as a primary residence for at least five consecutive years of the eight-year period ending on the date of purchase of new home, meet the same income requirements the first-time buyers, are eligible for a credit of up to $6,500.

Taxpayers have the option of claiming the credit on either their 2009 or 2010 tax returns for all qualified home purchases in 2010.

3 Bedroom Smithfield Ranch 1.17 Acres

Sean Schroeder | The Real Estate XChange | 757-839-3954 404 watson, Smithfield, VA 3 Bedroom ranch lots of updates, 1.17 acres and wooded view 3BR/2BA Single Family House offered at $230,000 Year Built 1987 Sq Footage 1,500 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 4+ Lot Size 50,529 sqft HOA/Maint $0 per month DESCRIPTION Wonderfully maintained and updated 3 bedroom, 2 full bath ranch home located on 1.17 acre lot with wooded view. Move in ready with new carpet, roof, kitchen appliances, 19 sear A/C with air purifier. Wood floors in large dining room. 1 car detached garage with 220 volt electricity. Recently updated HVAC 19 SEAR system, Roof, Vinyl, Carpet and wood floors see additional photos below PROPERTY FEATURES Central A/C Central heat Hardwood floor Living room COMMUNITY FEATURES Garage parking ADDITIONAL PHOTOS Front View of front porch Large Dinning room Wooded view Contact info: Sean Schroeder The Real Estate XChange 757-839-3954 For sale by agent/broker Equal Opportunity Housing Posted: Jun 13, 2009, 2:37pm PDT

Home Hunters Bus Tour

Tour Homes for sale in Virginia Beach, Chesapeake, Norfolk.

It is a wonderful time to purchase a home! Home prices and interest rates are low and in 5, 8 or 10 years the purchase you make now will earn  more equity than if you wait. For this reason, we are putting together a “Home Hunters Bus Tour” featuring up to 10 or more homes, personally selected and previewed by Sean Schroeder. Many of these homes are Pre-Foreclosures, Short Sales, Bank Owned or Standard Listings.  Each home will offer  substantial value, and strong equity gains in the years to come.

The tours are sponsored by Title, Mortgage and home inspectors.  These professionals will be available to help explain and point out issues that may affect the purchase of a home.  Each guest will be provided information on all the homes to be viewed, mortgage information and options available, title information,  and facts regarding the purchase of of bank owned, pre-foreclosure properties.

This tour is available to anyone looking to purchase a great value in Hampton Roads. We will offer tours in all the 7 cities: Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Hampton and New port News.

Online Registration and more information
Sean Schroeder, REALTOR
The Real Estate-XChange

Hampton Roads Real Estate Bulletins

2009 is a great year for buying and selling real estate in the Hampton roads area. To keep consumers up to date on the many issues facing sellers, buyers and home owners I have set up a FREE service. Simply register at Real Estate Bulletins

Smithfield Virginia Home For Sale

Magnificent 4 bedroom, 3.5 bath room home in Smithfield Virginia.  This beautiful has a deep saltwater pool, Jacuzzi, and large fenced backyard. 
The home features an open eat-in kitchen and wonderful wood floors throughout. 

This home is only 15 miles from SENTRA OBICI Hospital and it is priced to SELL.   Virtual tour and more information is available on this property at:
302 Nottingham Place, Smithfield Va.