As most have probably already heard: The First Time Home Buyer Tax Credit of $8000 has been extended until April 2010! Did you also hear that an addition was made to the progam to include current homeowners to receive a $6500 tax credit when purchasing a new home?! Get ready to claim your bailout money----check the table below for the new credits.
Feature
December 1 - April 30, 2010 Rules
As Enacted November 2009
First-time Buyer - Amount of Credit
$8,000
First-time Buyer Definition for Eligibility
May not have had an interest in a principal residence for 3 years prior to purchase
Current Homeowner - Amount of Credit
$6,500
Effective Date - Current Owner
December 1, 2009
Current Homeowner Definition of Eligibility
Must have used the home sold or being sold as principal residence consecutively for
5 of the 8 previous years
Termination of Credit
Contract date on or before April 30, 2010 and
Settlement before July 1, 2010
Binding Contract Rule
So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close
Income Limits
$125,000 - Single
$250,000 - Married
Additional $20,000 phase out
Limitation on Cost of Purchased Home
$800,000
Purchase by a Dependent
Ineligible
Anti-Fraud Rule
Purchaser must attach documentation of purchase to tax return
How would you like to take advantage of the new tax credit by purchasing a new home and not have to put ANY money out of pocket? Are you a veteran of the US Military? Are you active duty getting transferred due to BRAC, but want to set your roots for your family? Check out the Home Loan qualificationsto see if you are eligible for a 100% VA loan.
Utilizing this program and asking the seller to pay your closing costs could get you in a new home valued up to $417,000. Of course you must currently qualify for the new loan, but you get your new home with no money down, closing costs paid, and get a check back from the Government for $6500 or $8000!
Contact a lender of your choice-or if you don't know a good lender, give me a call-and you could start the ball rolling to get in your new home by the end of the year!
Gray Manor and Northshire Community Association is growing and becoming a stronger advocate for citizens in the communities. Last nights monthly meeting showed a great turnout of concerned citizens for what is happening, or should happen, within the Communities.
Officer Shipley's community crime report show detailed our low crime statistics, while explaining that what crimes were committed were mostly minor infractions and misdemeanors. This is one of the great benefits of living in these communities.
Ideas exchanged last evening with the board to aid in Community cleanup, traffic control, safety concerns and the general welfare of the citizenry were discussed. Two new committees were formed to investigate and discuss opportunities for traffic control/slowing devices and One-Way streets.
The Traffic control commitee will be headed by Board Treasurer, Stephen Luckett. This committee will look into possibilities of speed humps, limiters, slowing devices and new traffic signals at currently dangerous intersections like Trappe Rd and Page Dr. The amount of School traffic on Trappe Rd along with the amount of vehicles disobeying speed laws has made Trappe at Page Dr a very serious concern.
The One-Way streets committee will be headed by Board President, Linda Gossman. This commitee will work with the County on their street direction proposals and what would work best within our communities. Over the course of the last year, this has been a heated topic of debate, but the Board has committed to address this issue for the safety of our residents and their children.
If you are a resident of the Gray Manor or Northshire Communities, please join us for our next monthly meeting on Tuesday November 10th 2009. We meet the second Tuesday of each month (except July and December) at 6:30PM at the Gray Manor Luthern Church 212 Oakwood Rd Dundalk, MD 21222. You can check out new information, upcoming meeting, or ways you can help at our website www.graymanor.org.
Want to hear about the happenings of Baltimore County-in particular the Dundalk area, straight from those making decisions?
Join us at a special public forum-Democracy in Action-sponsored by the Norwood Holabird Community Association on Monday September 21, 2009 at 7:00pm. The meeting will be held at the Ateaze Senior Center 7401 Holabird Ave Dundalk 21222.
Scheduled for attendance are:
HONORABLE SENATOR NORMAN R. STONE, JR.,
HONORABLE JOSEPH J. (SONNY) MINNICK,
HONORABLE JOHN A. OLSZEWSKI, JR.,
HONORABLE MICHAEL H. WEIR JR.,
*Honorable Councilman John Olszewski, Sr.
*the councilman was invited but will not be in attendance due to official council session in Towson, but will be represented by a legislative member of his staff who will be in attendance
Here is a hot property-well priced-in a very sought after area! Homes in the Eastern part of White Marsh rarely come on the market and never at this price!
This 1/2 Acre wooded property is full fenced with a 1 car garage and four storage sheds! There are also 2 construction trailers on the back of the property but are not included in the sale!
The house is a 3 bedroom 1.5 bath cape cod with an added sun porch off the front of the house! Every room in the house has a vintage or antique stained glass ceiling lamp which is included in the sale!
This is an estate sale and is sold strictly as-is-the personal representative will make no repairs. Although the home is in good condition, it does need a few cosmetic repairs and upgrades.
Don't hesitate on this one-it is already getting a lot of calls for only being on the market ONE DAY! Call for your personal tour today-Be sure to check out the slide show of pictures
One of the things that I love about the real estate business is the opportunity to adjust ones schedule to meet the needs of the family!
With 10 children in our blended family, it is important to have TIME to focus on the important things in life! And of course one of the most important is the addition of our 4th Grandchild!
Aiden Christopher was born Wednesday July 22 at 6:34 pm. He weighed 7 lb 7 oz and was 19.5 in long.
The picture was taken when he was just 10 minutes old!
I had to make many schedule adjustments when we headed for the hospital Weds morning, but of course my clients were all very happy to adjust to this great event.
Of course this meant an extremely busy day on Thursday and friday to catch up the re-scheduled appointments as well as maintain the appointments I had already scheduled. Happily, all is getting done and my clients are still happy to be working with a strong, christian, family oriented Realtor.
I guess you know where my off-time will be spent-at least until he starts to walk and talk!
Those of you that follow my blog's, writings or even visit my website (suggested reading list) will know one thing about me relatively quickly: I believe in the power of Jesus Christ and that through him all things are possible. But I know that not everyone espouses that belief, although many believe in a power that drives their personal success. There are 1000's of books, tapes, and "gurus" on the subject of living a successful life, whatever you believe that to be.
From Napolean Hill, to Zig Ziglar, to Anthony Robbins, to Joel Osteen, Robert Schuler, Dr Peale, and many others have all relayed their their step-by-step plans to achieving success in this life, but I wonder what is considered important factors to the majority of us that work hard everyday earning a living for our familiies, or maintaining a lifestyle. I am not belittling the work that the previous named authors and speakers have done, as they work or worked hard all of their lives and acheived recognition for their work in their fields.
What I would like is to open this conversation to those of you-both believers and non-as to what you think the top 3 attributes are that sets the atmosphere for personal success. Let me quantify, I am not asking your opinion of "what is success"? Some believe that success is financial, while others feel that it is relational, while many also believe it is spiritual, so my focus is not on what you think, feel, or believe the achievement is, rather than asking what you feel are the three most important attributes to achieving ones personal definition of success.
Why am I asking? The answer is two-fold: first personal education and growth, as I study different beliefs and philosophies. I can study the books of many of the greats over the years, but do others put into practice what is taught? If so, what is it that seems to make the most significant difference in ones life.
Secondly, in the real estate world, this is such an important topic to new agents as well as seasoned agents. It is by no means exclusive to the real estate industry, but important to everyone on this planet who wishes for more. I hope that the conversation that ensues will open the door to helping anyone who takes the time to read.
In the current econmic climate around the world, it is so vitally important to hold onto hope for a better life. Your comments, including your three top points, may spark a change in one person who in turn will change the world.
Progress must happen in everything! So it is with the Gray Manor Community and business group. Our Fiscal year begins June 1 and with it comes a new name and new organization. Our new name is:
The name change also brings with it new growth as we have added the Northshire Community to the regular meetings.
If you live in either area or are looking to move into either area of this great community, check out the website for more information. This is a strong, sought after community and we have brought together this group of concerned citizens to make sure that every resident has a voice to what is happening or should happen within the community.
I invite you to visit our monthly meeting, the 2nd Tuesday of the month at 6:30pm at 212 Oakwood Rd, in Gray Manor.
If you are thinking about buying or selling a house in the Gray Manor or Northshire areas, feel free to contact me. Not only will you have a Realtor that is very knowledgable of the Community but one who lives and serves the community as well!
We at LuckNet Real Estate Group have teamed up with local churches in Middle River, MD to offer a 1 hour event to homeowners that are contemplting foreclosure as their only alternative to leaving their home to rebuild their financial well being!
The one hour session will be a power point presentation to give vital information and education to homeowners. The information will be presented by Certified Distressed Property Expert, Dan Grady. Dan and I will be available after the presentation to answer any and all individual questions home owners may have about their particular situation.
Date: April 11, 2009 Time: 1pm to 2pm-but we will stay as long as necessary for questions
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
This 1/2 Acre wooded property is full fenced with a 1 car garage and four storage sheds! There are also 2 construction trailers on the back of the property but are not included in the sale!
One of the things that I love about the real estate business is the opportunity to adjust ones schedule to meet the needs of the family!
2550 Druid Park Dr Baltimore 21215
2548 Druid Park Dr Baltimore 21215
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