Sheila Searcy

ERA Champion Realty

 
  Buyers
  Sellers
  Listings
  About
  Community
  Mortgage Info
Mortgage Rates

National

Average Rate*
30-Year Fixed 4.33%
15-Year Fixed 3.85%
5/1 ARM 3.39%
* Conforming FNMA Loan Amount. Rates may include points.

Information updated: 9/02/2010
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>

 

 


RSS Feed

Today’s News at a Glance

Click here for a summary of today’s news.

Exceeding Expectations, Pending Home Sales Rise 5.2%

RISMEDIA, September 3, 2010—Following a sharp drop in the months immediately after the expiration of the home buyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors.

The Pending Home Sales Index, a forward-looking…

Refinancings Soar as Mortgage Rates Remain Low

RISMEDIA, September 3, 2010—(MCT)—For anyone under the age of 57, mortgage rates are now the lowest they’ve been during your life. This fact isn’t lost on a growing number of homeowners who have started a new wave of refinancings.

HUD Announces First Look Program to Help Communities Stabilize Neighborhoods Hard-Hit by Foreclosure

RISMEDIA, September 3, 2010—U.S. Housing and Urban Development (HUD) Secretary Shaun Donovan announced an unprecedented agreement with the nation’s top mortgage lenders to offer selected state and local governments, and nonprofit organizations a “first look” or right of first…

Simple Tips to Update Your Home and Create a Relaxing Sanctuary

RISMEDIA, September 3, 2010—(MCT)—Some rooms scream “Help!” Others say nothing, and that’s a problem, too. Take the typical bedroom. Michael Payne has seen thousands. “The bedroom tends to get forgotten—you spend all your money elsewhere in the house,” said…

Today’s Featured Listing: Downtown San Diego Fractional Offers 360-Degree Wrap-Around Ocean Views

RISMEDIA, September 3, 2010—The Élan Collection, a collection of luxury fractional private residences has commenced priority sales reservations for shared ownership opportunities in a contemporary 4,800 square-foot urban penthouse in downtown San Diego.

Envisioned as a modern pied-à-terre, the…


Home | Buyer's Resources | Dream Home Finder | Free Reports/Coupons | Seller's Resource | What's My Homes Worth | Home Staging | All Listings | Foreclosures | Featured Listings | Recently Sold | Contact | Events | Resources | News You Can Use | Mortgage Calculator | Mortgage Rates | Loan Quote

  Accredited Home Staging Specialists     Equal Housing Oppurtunity     Multiple Listing Service     REALTOR  

Each Office is Independently Owned and Operated.
An Equal Opportunity Company. Equal Housing Opportunity.
All rights reserved.

 

Copyright© 2010 BizzUp Solutions, Inc.
Powered by: AgentBizzUp Real Estate Web Design and Hosting