Federal Tax Credit Buy New Resale Homes Catonsville Maryland D.C Paradise Village Energy Star Homes
UBMI Publications
February 21, 2010
www.kettlerforlineshomes.com
Time is of the essence if you want to take advantage of the tax credit for repeat home buyers!
There´s lots of buzz going around about the home market and how to take advantage of the new tax benefits. Unfortunately, there may also be a lot of confusion as well. What home purchases qualify for a tax credit? How long does it last? And what options are available to buyers and those relocating to Washington D.C and surrounding areas?
First, let´s get some definitions out of the way.
The tax credit (of up to $6,500 for qualified repeat home buyers) was established by The Worker, Homeownership, and Business Assistance Act of 2009. If you already own a home, and are seeking to purchase a "principal residence", you may qualify for the credit. This means the property must be where you live most of the time. The home must be purchased between the dates of November 6, 2009 and April 30, 2010 to qualify. The closing sale date may go as far as June 30, 2010, provided the binding sales contract was signed before the April deadline. These buyers, who already own a home and are seeking to buy a new principal residence, are known as "move-up buyers". You must have owned and resided in the same home for at least 5 consecutive years. The new purchase does not have to be more expensive than the previous home in order to qualify for the credit.
Benefits of the tax credit to you:
• There are dream-homes ready for immediate occupancy,
• You can get an excellent mortgage with historic interest rates,
• And high quality, Energy Star homes, means future savings.
• Fantastic pricing: now is a great time to buy a house.
If you are relocating to the Washington D.C area for work and would like to take advantage of the tax credit, there are some excellent choices available in Catonsville, Maryland. Paradise Village by Kettler Forlines Homes is convenient to the Baltimore Beltway (I-695), just minutes from the Inner Harbor and downtown Baltimore. It´s also close to I-95, I-70, the MARC train to Washington D.C., and BWI Thurgood Marshall International Airport. Catonsville offers access to excellent private and public schools and is also close to Johns Hopkins University and the University of Maryland-Baltimore County. If you´re searching for homes in other areas as well, you have additional, beautiful options for "Quick-Delivery Homes" that can be purchased in enough time to qualify for the tax credit.
Choosing an Energy Star rated home, certified by an independent third party, means your new home will be at least 20% more energy efficient than a home built to the national building codes. Energy Star homes are more tightly constructed, use more efficient Low-E glass windows and include higher performance insulation and heating and air conditioning systems. The result is a new home that is not only more efficient in energy use, but also is a new home with improved indoor air quality, more comfortable living and durability.
Location, community, and affordability are all things to consider as you shop for your new home. Sometimes opportunities are time-sensitive and these homes, together with the tax credit for move-up buyers, are just that. In many respects, this is the most advantageous time to buy a home as there has been in years! To view homes, floor plans, and communities available, visit www.paradisevillage2007.com, www.kettlerforlineshomes.com, or call 410-747-5706.
Time is of the essence if you want to take advantage of the tax credit for repeat home buyers!
There´s lots of buzz going around about the home market and how to take advantage of the new tax benefits. Unfortunately, there may also be a lot of confusion as well. What home purchases qualify for a tax credit? How long does it last? And what options are available to buyers and those relocating to Washington D.C and surrounding areas?
First, let´s get some definitions out of the way.
The tax credit (of up to $6,500 for qualified repeat home buyers) was established by The Worker, Homeownership, and Business Assistance Act of 2009. If you already own a home, and are seeking to purchase a "principal residence", you may qualify for the credit. This means the property must be where you live most of the time. The home must be purchased between the dates of November 6, 2009 and April 30, 2010 to qualify. The closing sale date may go as far as June 30, 2010, provided the binding sales contract was signed before the April deadline. These buyers, who already own a home and are seeking to buy a new principal residence, are known as "move-up buyers". You must have owned and resided in the same home for at least 5 consecutive years. The new purchase does not have to be more expensive than the previous home in order to qualify for the credit.
Benefits of the tax credit to you:
• There are dream-homes ready for immediate occupancy,
• You can get an excellent mortgage with historic interest rates,
• And high quality, Energy Star homes, means future savings.
• Fantastic pricing: now is a great time to buy a house.
If you are relocating to the Washington D.C area for work and would like to take advantage of the tax credit, there are some excellent choices available in Catonsville, Maryland. Paradise Village by Kettler Forlines Homes is convenient to the Baltimore Beltway (I-695), just minutes from the Inner Harbor and downtown Baltimore. It´s also close to I-95, I-70, the MARC train to Washington D.C., and BWI Thurgood Marshall International Airport. Catonsville offers access to excellent private and public schools and is also close to Johns Hopkins University and the University of Maryland-Baltimore County. If you´re searching for homes in other areas as well, you have additional, beautiful options for "Quick-Delivery Homes" that can be purchased in enough time to qualify for the tax credit.
Choosing an Energy Star rated home, certified by an independent third party, means your new home will be at least 20% more energy efficient than a home built to the national building codes. Energy Star homes are more tightly constructed, use more efficient Low-E glass windows and include higher performance insulation and heating and air conditioning systems. The result is a new home that is not only more efficient in energy use, but also is a new home with improved indoor air quality, more comfortable living and durability.
Location, community, and affordability are all things to consider as you shop for your new home. Sometimes opportunities are time-sensitive and these homes, together with the tax credit for move-up buyers, are just that. In many respects, this is the most advantageous time to buy a home as there has been in years! To view homes, floor plans, and communities available, visit www.paradisevillage2007.com, www.kettlerforlineshomes.com, or call 410-747-5706.
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