Mike's Blog

That's right move-up buyers...get ready!!

We've all been wondering- when will move-up buyers get a tax credit like first time homebuyers. I mean- does it really take a genius to figure out that opening the tax credit to experienced homeowners would be incredibly beneficial to the real estate market... and thus the economy is return.

Well your time may be here!

Included in the latest proposal in Congress is the addition of a reduced($6500) credit for homeowners who have been in their home atleast 5 years.

This is probably bigger news than the actual proposed credit extension itself. This sets up existing homeowners to help them buy a move-up home. 

Get your home search on!

So if you are a single homeowner making less than $125,000 p/year...or a married couple making less than $225,000...get searching. That new home could well be within your reach now. Buy before the end of 2009 and get your $6,500 in your 2009 tax return!!

Remember- this is still a proposal. THIS HAS NOT YET BEEN APPROVED. Keep checking back here for the latest information. As news is released- we will report it here!

OK...so if you're in the market for a home... you've certainly been made aware of the Homebuyer Tax Credit that is scheduled to expire on November 30. I mean...if you are a first-time homebuyer- you cannot overlook the $8,000 in FREE money the government is offering you just to buy a house. So whats the skinny on the proposed extension of the Homebuyer Tax Credit?

THIS HAS NOT YET BEEN APPROVED...

This is still in proposal form. If you are looking for a home- move quickly...there is no guaranty this will be signed. Dont miss the November 30 deadline because you think you have more time.

Who will get the credit and how much can you claim?

First time homebuyers are still the primary target of the legislation. And first time means you have not owned a home in the last 3 years. Those buyers would get the full benefit of the $8,000 under the proposal.

The changed being proposed is that current homeowners who have owned a home for atleast 5 years, can get a credit of up to $6,500 for buying a new(or new to them) home.  Again...this is only a proposal. But this in itself is incredibly exciting for homeowners looking to trade up.

How long will it last this time?

The proposed tax credits would expire on April 30, 2010. Although that means that buyers would need to have a home under contract by April 30 and must close on the home within 60-days after April 30, 2009.

So will I be able to buy that $Million home I've been wanting?

Not likely. The tax credit phases out for single buyers making $125,000 a year and married buyers making $225,000 a year. Not to mention- homes $800,000 and above are not eliglible for the credit.

Stay tuned!! More updates are coming out every day!

Check back here for your updates. As soon as we get an approval- you'll hear about it here immediately.

This Potomac River Waterfront Community is Truly Unique

Tucked away behind the cornfields of the rural Northern Neck farmlands in Northumberland County, Va is a Potomac River waterfront community like no other. Bay Quarter Shores is located right at the mouth of the Potomac River and the Chesapeake Bay- giving many waterfront residents endless views of both the Bay and the River.  The community is situated between Cod Creek, Presley Creek and the Potomac. This gives the neighborhood a unique variety of waterfront and water access homes and lots that span a wide price spectrum. Currently there are homes from $59,000 to $524,900 available for sale.

But price availability is only one ways this community is unique. This is a true sportsman's neighborhood with ample access to fishing and crabbing...but the community also maintains private hunting grounds available only to owners. And as you drive slowly through the neighborhood- you'll see why this is important as you'll be greeted by swarms of deer and wild turkey.

Other amenities includes a golf driving range, a basketball court, tennis courts, nature trails, a community pool and clubhouse(with free WiFi), playgrounds, a private boat ramp, two boat piers(one specifically for Jet-Skis), a beach with swimming area and tons more. Just make sure you bring along your golf cart- BQS is a legal golf cart community.

Now is the time to search for your own little slice of Heaven. If you're considering the Northern Neck for your waterfront home...I encourage you to consider Bay Quarter Shores. Click here for the current listings available in BQS or click here to search all homes in Virginia's Northern Neck.

Here is a breakdown of real estate homes sales in King William County, Virginia for the month broken down by subdivision. Just click on the link to your subdivision for the complete breakdown of what the average of homes that are on the market, how long they have been on the market, how many have sold, what their average price was, and how long they were on the market. 

 For a complete list of homes for sale in King William County, VA please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

King William County sales have been strong this year due largely in part to neighborhoods like Venter Heights. The subdivision is located in the Central Garage area of King William.

 For a complete list of homes for sale in the Venter Heights subdivision of King William County, VA please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

King William County sales have been strong this year due largely in part to neighborhoods like Oak Springs and Rosewood Estates. The subdivision is located in the Central Garage area of King William.

 For a complete list of homes for sale in the Oak Springs and Rosewood Estates subdivisions of King William County, VA please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

King William County sales have been strong this year due largely in part to neighborhoods like McCauley Park. The subdivision is located in the Central Garage area of King William.

 For a complete list of homes for sale in the McCauley Park subdivision of King William County, VA please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

King William County sales have been strong this year due largely in part to neighborhoods like Marle Hills. The subdivision is located in the Central Garage area of King William.

 For a complete list of homes for sale in the Marle Hills subdivision of King William County, VA please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

King William County sales have been strong this year due largely in part to neighborhoods like Manquin Farms. The subdivision is located off Manfield Rd.

 For a complete list of homes for sale in the Manquin Farms subdivision of King William County, VA please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.

King William County sales have been strong this year due largely in part to neighborhoods like Kennington. The subdivision is located in the Central Garage area of King William.

 For a complete list of homes for sale in the Kennington subdivision of King William County, VA please call or Click here, to request an update.

If you are interested in selling your home for top dollar in the quickest amount of time, please contact me anytime at 804-503-0811 or Click here to send me an e-mail requesting further information.