Charles County Realty » Jonathan Benya http://www.charlescountyrealty.com Charles County's Trusted Real Estate Source Tue, 13 Apr 2010 16:46:07 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 The First Time Buyer Credit is Extended and includes current owners! http://www.charlescountyrealty.com/2009/11/07/the-first-time-buyer-credit-is-extended-and-includes-current-owners/ http://www.charlescountyrealty.com/2009/11/07/the-first-time-buyer-credit-is-extended-and-includes-current-owners/#comments Sat, 07 Nov 2009 17:37:48 +0000 admin http://charlescountyrealty.com/?p=1508 Great News!  The $8,000 first time home buyer tax credit has been signed into law a few moments ago!  Instead of expiring on December 1st, 2009, it has been changed to June 30th, 2010!  You need to have a ratified contract in place by April 30th, 2010, and you have up to 60 days to close the transaction.

It’s also been expanded!  People who currently own a home are eligible to get up to $6,500 to “move up”!  Here’s a short video from Tom Kunz, President and CEO of Century 21, explaining the extension:

[youtube=http://www.youtube.com/watch?v=it-i_pbt1os]

In order to qualify for the $6,500, here’s a quick explanation of the guidelines for current homeowners (info on first timers can be found here):

  • The credit is available for homes that go under contract by April 30, 2010 and close by June 30th, 2010.
  • Current homeowners can claim a $6,500 credit as long as the property they are vacating has been their primary residence for at least five consecutive years out of the last eight years.
  • Income limits: $125,000 a year for individuals, $225,000 a year for married couples. (these are higher limits than before)
  • Homes that cost more than $800,000 aren’t eligible for the credit.
  • $6500 tax credit is not retroactive.  (from the language of the bill: “shall apply to residences purchased after the date of the enactment of this Act.”

If you have any questions, please don’t hesitate to call or email me!

~Jonathan Benya- Realtor
Century 21 New Millennium
9405-A Chesapeake St
La Plata, MD 20646
301-609-9000 – office
301-653-8116 – cell

Charles County Real Estate Blog
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]]> http://www.charlescountyrealty.com/2009/11/07/the-first-time-buyer-credit-is-extended-and-includes-current-owners/feed/ 0 Jonathan Benya's Interview in the Baltimore Sun http://www.charlescountyrealty.com/2009/04/08/jonathan-benyas-interview-in-the-baltimore-sun/ http://www.charlescountyrealty.com/2009/04/08/jonathan-benyas-interview-in-the-baltimore-sun/#comments Wed, 08 Apr 2009 19:52:46 +0000 admin http://charlescountyrealty.com/?p=1402 Baltsun
Jamie Smith Hopkins, a reporter for the Baltimore Sun and awesome real estate blogger emailed me last week about possibly doing a Q&A for the Newspaper.

We chatted for 20 minutes or so about the market, foreclosures, credit scores, finding deals, and what the market is really like right now.  You can find the article on her blog, The Real Estate Wonk.

Check it out, let me know what you think of it!  I think it went very well, and gives a good explanation of what kind of shape the market is in!  Kudos to Jamie for a job well done, I’m very honored and grateful that she was able to take the time to talk with me!  Not only that, but she’s a pretty darn spiffy writer!

~Jonathan Benya- Realtor
Century 21 New Millennium
9405-A Chesapeake St
La Plata, MD 20646
301-609-9000 – office
301-653-8116 – cell

Charles County Real Estate Blog
SOMD Home Search
Southern Maryland Custom Homes & Land


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