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Why Choose Lori Bacon & ERA Real Estate Professionals as your Real Estate Team? I provide the highest level of service to my clients. Whether you are buying or selling hire someone like me who wants to earn your business. Your goals are my #1 Priority. Real estate is not just a numbers game. People and Quality of Life are first. By listening to you and hearing what your needs and wants are, (Not what I think you should have or do), I can help you achieve your desired results. I can provide you with the most innovative and up to the minute Marketing & Advertising for Sellers and Tours for Buyers. I am technology savvy. I have a wealth of information and support at my fingertips to include Loan Officers, Attorneys, Contractors, Computer Support, Home Inspectors, Appraisers and more. I will be there every step of the way from Contract to Closing, but it doesn't end at the Closing table. You can count on me to be available to answer any real estate questions you may have to include information on How much Value will you obtain for certain improvements you would like to make or perhaps the purchase or sale of a property you may have Out of State. I can assist you in many ways and I am always happy to help. I want to be your Realtor for Life! I invite you to contact me as I'd be happy to assist you with this important transaction. In addition, if you have any general questions about buying or selling real estate in Virginia, please contact me as I'm more than willing to help. Please browse my website for listings, reports and important local real estate information. Sincerely, Lori Bacon Realtor ABR, GRI, E-PRO Member: HRRA Circle of Excellence Award Winner Direct: 757-685-3342 E-mail: LoriBacon@LoriBacon.com ERA Real Estate Professionals 1445 Kempsville Road Virginia Beach, VA 23464 | |
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"Real Estate - When It Shelters the Body & Comforts the Soul"
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Homebuyer Tax Credit Extended!
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What you should know about the EXTENDED First-Time Homebuyer Tax Credit FOR MILITARY BUYERS! Brought to you by VAR and your local REALTOR association Congress and the President have extended and expanded the $8,000 tax credit for first-time buyers. You now have until April 30, 2011 to sign a contract and qualify. AND, starting November 7, many existing home owners also qualify. - The temporary tax credit is only available for home purchases that go to contract before May 1, 2010, and
that close before July 1, 2010. - It's equal to 10% of the cost of the home, up to a maximum credit of $8,000. (For example, a home
purchased for $80,000 or more would qualify for the full $8,000 credit, while a $70,000 home would qualify for only 10%, or $7,000.) But homes that cost more than $800,000 are ineligible for any tax credit. - This is a tax credit, which is even better than a tax deduction; it's subtracted directly from your tax
liability. If the credit is more than your total tax liability that year, you will receive a refund check for the balance. (Note that a married buyer filing separately is only eligible for up to a $4,000 credit.) - Eligible properties include anything that will be used as a principal single-family residence, including
condo's and townhouses. - First-time homebuyers can take advantage of the full $8,000 tax credit. A first-time buyer is defined
as an individual who has not owned a home the past three years. For married joint filers, both must meet the first-time buyer criteria to take the credit on a joint return. - Existing homeowners who have lived in their current homes for five (5) consecutive years out of the
past eight (8) are eligible for up to a $6,500 tax credit when they purchase a new home. - There are income guidelines on the credit. Individuals with an adjusted gross income up to $125,000
(or $225,000 if filing jointly) are eligible for the full tax credit. The credit is phased down for those earning more and is not available for those with an income above $145,000 (or $245,000 if filing jointly.)
Consult with your REALTOR or Tax Advisor and visit www.VARealtor.com to learn more about the tax credit and State and Federal Loan Programs
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