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arlington condos: $8000 Home Buyer Tax Credit Basics - 05/03/09 10:13 AM
The American Recovery & Reinvestment Act of 2009 offers an $8000 maximum tax credit for first-time homebuyers buying homes as their primary residence between January 1 and December 1, 2009. A First-Time Home Buyer is anyone who has not owned a home within the last 3 years. If an unmarried couple jointly buys a home, and one person owned a home (within 3 years) and the other did not, they can “designate” the tax credit to that person who will be able to claim it on their individual tax return. This rule also applies for parents to co-sign on a mortgage. … (0 comments)
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arlington condos: Arlington County Market Stats - 10/08/08 08:10 AM
Here are market stats for Arlington County for the month of September 2008: In September, the total number of active listings on the market in Arlington was 787. Of those active listings, the minimum list price was $105,000 while the maximum list price was $8,850,000. The average list price was $675,453. The average number for property days on the market is 108. The number of listings under contract was 143. Of those listings under contract, the minimum list price was $90,000 while the maximum list price was $1,659,900. The average list price was $535,288. The average number for property days on … (0 comments)
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arlington condos: Virginia Property Sellers get some Justice....and it's all good! - 04/01/08 09:46 PM
Property Sellers in Virginia were recently given a nice gift! Actually a reversion back to the way it was in 2007, reducing the Grantor's tax back to 1%. It was a shame to see how a transportation tax could affect real estate once again, because of the ineptitude of the politicians in Virginia.
The Supreme Court of Virginia ruled last month that the legislation creating the Northern Virginia Regional Transportation Authority and giving it the power to collect taxes was unconstitutional. In the real estate world, the related fee of interest was is the Congestion Relief Fee that charged the seller … (2 comments)
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arlington condos: Buyers will enjoy some awesome financing opportunities in Northern Virginia! - 03/16/08 02:01 PM
$729,750 is the New Maximum Loan for FHA, Fannie and Freddie!
On 3/6/08 FHA, Fannie Mae, and Freddie Mac announced that they have raised loan limits set by the economic stimulus bill.
FNMA and FHLMC will only purchase jumbo-conforming mortgages that are originated through December 31, 2008, and that are secured by one-unit properties. Mortgage lenders will assist customers with implementation by providing reference materials including an online loan limit reference tool and guidance on our loan limits based on a property's geography, both of which are available as of this writing in mid March.
Prior to … (1 comments)
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Casey O'Neal
Arlington,
VA
More about me…
RE/MAX Allegiance
Office Phone: (703) 824-4800
Cell Phone: (703) 217-9090
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