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For Buyers
Important Notice for First-time Buyers!
HOMEBUYER TAX CREDIT EXTENDED AND EXPANDED
The Unemployment Insurance bill President Obama signed on November 13 included included
a change critical for Realtors®: An extension of the $8,000 homebuyer tax credit.
Income limits have been raised, and now some existing homeowners can also claim a credit
if they buy a new home.
The Basics:
- To claim any credit, buyers must have a contract by April 30, 2010 and close
by July 1, 2010.
- The income limit has been raised to $225,000 for couples.
- First-time buyers can claim an $8,000 credit, as before.
- Buyers who already own the home they are selling (or have sold), and have lived
there for five of the past eight years can claim up to a $6,500 tax credit (on
homes worth $800,000 or less).
- Both credits apply only to primary residences.
Additional Information:
The recent turmoil in many market sectors has led to incredible home values throughout
the D.C. Metropolitan areas. More than ever, it is important that you work with a Realtor
who can provide true "on the ground intelligence", understand your needs, and locate properties
which represent real value to you.
I have recently been able to help several homeowners find quality homes in neighborhoods
they never thought possible at the price. The current market has created exceptional opportunities
for buyers. Work with professionals who can provide a holistic approach to the process
and who can understand your needs and life style requirements.
So that I help you, please provide the information requested
below.
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"December
2008, my husband and I began looking for a condominium in the Arlington / Alexandria
area. I went to an open house one Sunday and met Lawanda Swope. Her personality immediately
won me over, and I appreciated the fact she was not pushy or aggressive. The best way
I know to describe her is that her enthusiasm was charming. We asked her to assist
us in finding a suitable condo for us. She was very attentive to detail and prompt
in responding to listings that might interest us. Not only did she help us find our
perfect condo, but she also worked very closely with us on all the closing arrangements.
We moved in to our new home in February, 2009, and have been very happy with our location
and dwelling. We would recommend Lawanda as an excellent Realtor, and a great person
all around."
- Ed & Rebecca Lee
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