Sheila Searcy

ERA Champion Realty

 
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Mortgage Rates

National

Average Rate*
30-Year Fixed 5.03%
15-Year Fixed 4.37%
5/1 ARM 3.90%
* Conforming FNMA Loan Amount. Rates may include points.

Information updated: 3/09/2010
Local Weather

Sheila Searcy
ERA Champion Realty
12643 Galveston Court
Manassas, VA 20112

Office:
Fax: 703 730-6992
Cell: 703 209-1588

email: sheila.searcy@era.com

 

 

The following information has been collected from the Realtors.org.

The homebuyer tax credit is one of 10 key provisions of the American Recovery and Reinvestment Act signed by President Obama into law on Feb. 17, 2009.

The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  The credit does not require repayment.  Most of the mechanics of the credit will be the same as under the 2008 rules:  the credit will be claimed on a tax return to reduce the purchaser's income tax liability.  If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

Chart Highlighting the Major Modifications to the First-Time Homebuyer Tax Credit> (PDF: 309K)

Frequently Asked Questions> (PDF: 483K)

Download the IRS First-Time Homebuyer Tax Credit Form 5405> (PDF: 257K)

NAR's Presentation: The 2009 First-Time Homebuyer Tax Credit>  (PDF: 319K)

NAR's Presentation: The 2009 First-Time Homebuyer Tax Credit>  
(PPT: 218K)

Latest News and Information

3/19/2009 - IRS Provides Filing Guidance on First Time Homebuyer Tax Credit
The IRS released additional information to help homebuyers understand the ways they can file to receive the homebuyer credit.
Read more>

 

 


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Pending Home Sales Down; Severe Weather Impacting Market

RISMEDIA, March 10, 2010—Pending home sales are down and additional declines are expected from abnormal weather conditions, according to the National Association of Realtors®.

The Pending Home Sales Index, a forward-looking indicator based on contracts signed in January 2010, fell 7.6%…

NAR Pulse: This Week’s Top Stories from the NATIONAL ASSOCIATION OF REALTORS

RISMEDIA, March 10, 2010—This week’s headlines from the NATIONAL ASSOCIATION OF REALTORS® include: 121 ways to market yourself from NAR’s Right Tools, Right Now initiative; save up to 40% on select rentals from REALTOR Benefits® Program Partner, Avis and be aware…

Are You a Powerful Negotiator? Experts to Offer Tips to Improve Your Negotiating Skills at Social Media Summit

RISMEDIA, March 10, 2010—RISMedia’s 2010 Real Estate Leadership Conference—‘The Real Estate Social Media Summit’—will provide the perfect backdrop for real estate professionals who are looking to capitalize, even in today’s challenging market.

Industry experts Brett Billington, Anita Rich, Rosemary West, Stephanie Healy…

Home Values for Older Americans Begin to Rebound in Fourth Quarter 2009

RISMEDIA, March 10, 2010—Golden Gateway Financial, a financial resource for seniors and retirees, recently released new usage data from its online Reverse Mortgage Calculator that showed average home values for older Americans have halted their slide after remaining flat or declining…

Focus on Opportunities and Success Will Come Your Way

RISMEDIA, March 10, 2010—Even in a difficult market, opportunities abound—real estate professionals simply need to know where to position themselves in order to best take advantage of them. Here, Roger Soderstrom, Owner, Stirling Sotheby’s International Realty discusses how he positions his…


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