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Breaking News!
Home Buyer Extension and Expansion is a Done Deal.
Last week, after the Senate gave its final and fully supportive approval on the homebuyer tax credit extension, the House of Representatives voted overwhelmingly to pass the legislation, sending the tax credit to President Obama who's final sign-off on Friday made it official.
The $8,000 first-time homebuyer tax credit, which was slated to expire Nov. 30, 2009, will be extended for contracts signed before May 1, 2010 that close before July 1, 2010. First-time buyers, who are in the process of closing now, no longer have to worry about qualifying for the $8,000 tax credit if they do end up closing after the Nov. 30 deadline.
The new legislation also increases the income limit for couples with income up to $225,000, a nearly $55,000 increase above the current level.Buyers who already own a home are also now eligible for a tax credit and the purchase of a home.
The $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years. The legislation does set forth several provision including, limiting eligibility for existing homeowners to homes worth $800,000 or less, as well as making both credits available only for primary residences, not second homes or investment properties. The legislation will take effect November 7, 2009 and is not retroactive.
The original first-time homebuyer tax credit jump-started the housing market, driving home sales to the highest level in more than two yeas. The National Association REALTORS® reported sales jumped 9.4 percent to a seasonally adjusted annual rate of 5.57 million units in September and are 9.2 percent higher than the 5.10 million-unit pace in September 2008.
The new legislation also increases the income limit for couples with income up to $225,000, a nearly $55,000 increase above the current level.Buyers who already own a home are also now eligible for a tax credit and the purchase of a home.
The $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years. The legislation does set forth several provision including, limiting eligibility for existing homeowners to homes worth $800,000 or less, as well as making both credits available only for primary residences, not second homes or investment properties. The legislation will take effect November 7, 2009 and is not retroactive.
The original first-time homebuyer tax credit jump-started the housing market, driving home sales to the highest level in more than two yeas. The National Association REALTORS® reported sales jumped 9.4 percent to a seasonally adjusted annual rate of 5.57 million units in September and are 9.2 percent higher than the 5.10 million-unit pace in September 2008.
Are You Still On The Fence About Buying A Home?
Home prices and interest rates have never been lower.
Take advantage of both plus the Extended $8,000 Tax Credit
before all three are gone.
First-Time Home Buyers and Investors ....Why Wait! Click on the box to the left for properties in My Best Buy List, Short Sales, Foreclosure and REO Lender Owned Homes For Sale in Telford, Quakertown, Richlandtown and Perkasie.
Click Map Search or Search Homes in the menu bar for properties currently on the market. We would be happy to represent you in the purchase of one of these properties in foreclosure or any that meet your needs.
Cheri Short Sale
Quakertown TownhouseGreat Deal
Quakertown SingleDon't miss out!
Quakertown Ranch
Short Sale
Perkasie SingleBank Approved
Perkasie TownhouseShort Sale
Perkasie Colonial
Thinking of Buying a Foreclosure, Short Sale, REO Home?
Call Cheri and Debbie First!
Let Us Know How We Can Help Lets Get Started
She was great!
Cheri Savini was not my Realtor but the Realtor for the
family in which I was trying to buy the house in Quakertown. I did not have a Realtor and she was extremely professional in her position. She gave as much insight to me as she could but still was a great representative of the the family and house in which I was looking at.
It was my first house that I had purchased and I dealt with a couple of different Realtors when I was searching. Cheri was on such a higher level than any of the other Realtors that I had come in contact with. I believe she did a great job as a mediator. This was a little over a year ago and I am still impressed. Cheri....I still love the house and I am so glad that the end result was what it is. Thank you very much. May 30, 2009 Nick - Quakertown
Trustworthy and Integrity
"Cheri was our agent when we purchased our first home last year in Quakertown. Cheri understood what we were looking for in a home as well as our price range. She found the perfect match ....read more
In 6 Days Bucks County Realtor Sold our Home!
Our house in Quakertown was on the market for approximately 7 months using "For Sale By Owner" and even though we did everything .... read more
Click here I would be happy to provide you with a complimentary copy of Your First Home: The Proven Path to Home Ownership. Packed with inspiring stories and the wisdom of thousands of successful first-time home buyers, it's a must-read for anyone aspiring to buy a home. PA Residents Only & Limited Supply Available.
Buying or Selling a Home is EASY .....if You Call
Cheri and Debbie First!
Let Us Know How We Can Help Lets Get Started
