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.

Military Relocation to Virginia Beach.

Virginia Beach Military Relocation specialist

Military relocation Virginia Beach

You just received your orders to transfer to NAS Oceana, Dam Neck, NOB, Naval Station Norfolk or any of the other bases in Virginia Beach and Norfolk. Now you need to determine your next step.

A military relocation to a new city can be very stressful, and in some cases complicated. After all, you are packing up your family, your property, and saying goodbyes to friends and family, then moving it to a new home possibly across the country. This is no easy task!

My job as a military relocation specialist is to help make the entire process as easy as possible. To work with you and your family, to find that PERFECT place that you can call home. As a professional Real Estate Agent, helping the military members of the US Armed Forces relocate to Virginia Beach is my top priorityl. I can provide you with great tools, at no cost to you. These tools can help you search and categorize all of the available homes that meet your specifications.

Whether you are looking to purchase or sell a condo, townhouse, single family detached in Norfolk, Virginia Beach, Chesapeake, I am here to help you with all of your real estate needs.

View homes for sale in Virginia Beach and the Hampton Roads area at Hampton roads home listings

Feel free to call me at 757-839-3954 or email me

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

New York Taxes?

New York get ready!  Gov. David Paterson has a plan to close a $15.4 billion dollar budget cap.  His plan is a simple one, cutting city costs including public school aid by $698 million and the ellimination of over 500 state jobs.    Further, his plan calls for 137 new  taxes.  His plan is to increase the taxes on beer, wine, none-diet drinks, Itune downloads, Satellite TV and much more.  Paterson’s goal is to raise $121 billion dollars simply by raising your taxes, adding new taxes and cutting city services.  Is this a plan you want to live with?

Tired of such tax plans, tired of being over taxed?  Wouldn’t you like to live in a State that offers you more purchasing power, lower taxes and a great life style?  Hampton roads offers everything from boating to large Federal and State parks.  Spend the day relaxing on the sandy Virginia Beach ocean front,  jet skiing on the bay, shoppiing at any of the areas malls and so much more.

If  Virginia  is a city that  you would like to consider as your new home, I am available to discuss your options.

Sean Schroeder, REALTOR
The Real Estate-XChange
757-839-3954

517 Baylor Ct. Chesapeake, va. 23320

Moving to Virginia Beach?

So, your are relocating to Virginia Beach due to a Military transfer, job relocation or some other reason.  Allow me to first welcome you to our Wonderful Commonwealth.   Virginia, specifically Virginia Beach offers great resources for those who call it home.  When you move to Virginia Beach, you will have access to the Ocean Front, approximately 42 blocks of sandy beach where the city hosts live bands, the Neptune festival and much more.  Further the city has invested heavily into the public school system, and over the years has created several new high schools, with advance programs that are geared towards college.

When relocating to Virginia Beach, you will also find that the city has several recreation centers, neighborhood parks with updated and modern play ground equipment is the norm not the exception.  The city also offers parks such as Mt. Trashmore, and First Landing park.

Virgina beach is the fastest growing city in Virginia, with over 500,000 calling it home.   Recently, the city constructed the largest building in Virginia – which is home to the Wesstin Hotel and many private condos.

When moving to, and relocating to Virginia Beach, you will need an agent that knows the area.  I have called Virginia Beach “home”  since 1972 , I would me more than happy to assist you with your relocation to Virginia Beach.

Your home is waiting for you here in Virginia Beach.  The Virginia Beach real estate market offers home buyers great deals, at very reasonable rates, sellers are offering assistance and much more.   To view the homes that are available in Hampton Roads, and to start planning your relocation to Virginia beach Virginia visit Virginia Beach Relocation home search

I look forward to assisting you with your relocation to Virginia Beach please feel free to call me at 757-839-3954 or email me at seanschroeder@757realproperty.com

Relocating to Virginia Beach

Relocating to Virginia Beach Virginia

Are you relocating to the Virginia Beach, Chesapeake, Norfolk area due to military orders, job relocation or family?  The Tidewater area offers home buyers many great opportunities in a wonderful and diverse area.  Virginia Beach offers many City owned and National parks. Most notable of these parks is First Landing National park which offers several miles of hiking trails, as well as beach camping.  Virginia Beach’s wonderful coast line provides swimming, fishing ( piers ), live out door bands, Neptune Festival and much more. To learn more about what homes are available in Tidewater use the Relocating to Virginia Beach page. Make your relocation to Virginia Beach, easier by relying on a life time resident of the Tidewater area. Do you have questions about your relocation to Virginia Beach?  Please feel free to email me your questions and I will get you a prompt answer. Sean Schroeder, REALTOR The Real Estate-XChange 757-839-3954 seanschroeder@757realproperty.com WWW.757mls.com Relocating to Virginia Beach; Relocating to Chesapeake; Military orders to Virginia Beach

Virginia Beach Larkspur Ct — For sale

Sean Schroeder | The Real Estate XChange | 757-839-3954 4700 Driver court, Virginia Beach, VA Corner lot in established neighborhood. Updated kitchen with stainless steel appliances and more. 3BR/2BA Single Family House   offered at $315,000 Year Built 1959 Sq Footage 1,776 Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 1 Car garage Lot Size Unspecified HOA/Maint $0 per month DESCRIPTION It is all about location.. This magnificent home is centrally located in Virginia beach. Less than 2 miles from Mt. Trash more, Virginia Beaches large park featuring skating, numerous play grounds, and more! The home is conveniently located to shopping centers, the new Virginia Beach town Center, Pembroke mall and many fine restaurants. This home features hardwood floors, a screened in porch and updated kitchen to include stainless steel appliances and granite counter tops.   see additional photos below PROPERTY FEATURES Central A/C Fireplace Hardwood floor Family room Living room Breakfast nook Dishwasher Refrigerator Stove/Oven Granite countertop Stainless steel appliances Yard COMMUNITY FEATURES Garage parking       ADDITIONAL PHOTOS Seller contact info:   Sean Schroeder The Real Estate XChange 757-839-3954 For sale by agent/broker   Equal Opportunity Housing Posted: Oct 25, 2008, 7:56pm PDT

 

Short Sale Questions ( FAQ )

Throughout the day I am contacted by home owners who are, or soon be, behind in their payments, unable to sell their home because they are “upside down”  or are facing family issues such as a divorce or loss of a job.  These home buyers, like you are looking for options.  One option is a Short Sale, this is a list of questions that I receive and some general answers to those questions.

1. What is a Short Sale?

   A: Simply put a short sale is when you the home owner offers your home for sale below what you owe on it, asking the bank to take a loss.
    

2. I am not behind on my payments, but I can’t sell my home because I owe more than the house is
   worth.  Will the bank approve me for a short sale? 

   A: We can list your home below what you owe on it making any purchase agreements “contingent”upon the banks approval. There is no such thing as “Short Sale approval”
   

3. When I purchased my home, the bank required PMI how will this affect a short sale?

   A: First the bank required the insurance to protect their interest in the property not to protect you.  Once a ratified contract is received it is sent to the bank for bank approval.  The bank will not give permission until the Insurance Company approves the short sale.
   

4. How will  short sale affect my credit score?

   A:  In general if you are behind in your payments these rolling lates will show up on and lower your credit score.  It is easier to recover from a short sale than it is from a foreclosure.

5. I recently missed my mortgage payment, and know that I will miss my next payment as well.  How long do I have before the bank forecloses on my home?

   A:  The foreclosure processes can begin at anytime that the bank feels it is necessary.  However, generally it can take up to 6 months before the bank actually does foreclose.  In some cases by listing the home, and actively working to find a buyer, the bank may be less likely to foreclose.
   

6. I am ready to get out from under my house, what should I be prepared to do to?

   A: Your agent will ask you for your financial information when you have a ratified contact including pay stubs, bank statements, purchase agreement, listing agreement and most importantly a hardship letter.
   

7. I am living paycheck to paycheck and don’t plan to walk away from this sale with anything.  How can I afford to pay your brokerage fee?

   A: First as a short sale, the bank will not approve the sale if you receive any funds or contribute any monies to the buyer.   Further, any existing escrows or monies owed to you from the taxes will go directly to the bank.  As for the brokerage fee, this is paid by the bank. 

8. Do I have to claim the short sale on my taxes as income?

   A: Once the bank approves the short sale, they issue a letter outlining the conditions of the short sale.  Due to the fact that the bank is losing money, and the money was loaned to you the home buyer, you will receive a 1099C for the deficiency
   

9. Will I still be responsible for the property taxes?

   A: The home sale must transfer free and clear of all liens, including taxes.  Yes, you will still be responsible for the taxes, unless the bank has agreed to bring them current.
   

10. How long should it take for my home to sell? 

    A: The great news is that because you are selling your home short, we can price and market your home to a larger audience and to a group of home buyers that are looking for a great deal, or as I like to call them “wholesale” buyers.  This will result in a quicker sale, after all price is King!  
     

My name is Sean Schroeder, a REALTOR and member of the National Association Of REALTORS ( NAR).  My job is to help you, my client, with your real estate needs. In this case, my job is to help you sell your home, to help you start over, everyone deserves a second chance.

If you find yourself in a situation where your mortgage payments have gotten out of control due to interest rate adjustments, loss of employeement, family changes or other situations please call me today to discuss your options and how I can assist you. 

Sean Schroeder, REALTOR
The Real Estate XChange
757-839-3954

seanschroeder@757realproperty.com
www.HRSHORTSALES.com

The Real Estate XChange 517 Baylor Ct, Chesapeake Va. 23320

5 Bedroom Wonderful view of lake and forests – Virginia Beach

1805 Laurel Oak Lane, Virginia Beach, Virginia 23453
Currently listed at $488,900

Virtual Tour Here

Details

Address: 1805 Laurel Oak Lane Type: Residential Style: 2 Story Bedrooms: 5 Bathrooms: 2 “1 half” Garage: Double, Attached Size: 3,300 sq. ft. Lot Type: Rectangular Year Built: 1998 Taxes: $3,394.00 USD MLS: 0746157

Description

Located on Cul-de-sac this 5 bedroom 3300 sqr foot home over looks a lake providing a tranquil view from the deck, kitchen or sun room! This is a unique home in the area. Original owners have updated hardwood floors, porcelain tiles and much more

Highlights ▪ Less than 50 homes in the neighborhood! ▪ No Association Fees ▪ Minutes from new shopping center

Features Interior Features ▪ Hardwood Floors Cooling ▪ Central Air ▪ Zoned Exterior Finish ▪ Brick ▪ Vinyl Heating ▪ Heat Pump ▪ Zoned View ▪ Forest ▪ Water View Sewer/Water Systems ▪ Public Appliances ▪ Dishwasher ▪ Garbage Disposal ▪ Washer/Dryer Hookup Lot Features ▪ Cul-de-sac ▪ Deck