Rent this home…
Updated heating system, 4+ Bedrooms, Great Yard, 2 full baths, TONS of closets, great layout!!!!
Victorian Dream today!! Kingston location!!
Rent this home…
Updated heating system, 4+ Bedrooms, Great Yard, 2 full baths, TONS of closets, great layout!!!!
Victorian Dream today!! Kingston location!!
Move in…Its ready for you…AND it holds tons of potential!!
4 Bedrooms, 2 full baths, 2 car garage
.74 acres, Fireplace, eat in kitchen!!!!!!!!!!!!!!!!!
Title V in Hand!
private well..and town water!!
and more…
668 Plymouth Street in Halifax
WASHINGTON – Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.
First-time homebuyers have been getting tax credits of up to $8,000 since January as part of the economic stimulus package enacted earlier this year. But with the program scheduled to expire at the end of November, the Senate voted Wednesday to extend and expand the tax credit to include many buyers who already own homes. The House is scheduled to vote on the bill Thursday.
Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500. First-time homebuyers — or anyone who hasn’t owned a home in the last three years — would still get up to $8,000. To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.
“This is probably the last extension,” said Sen. Johnny Isakson, R-Ga., a former real estate executive who championed the credits.
The homebuyers tax credit is one of two tax breaks totaling more than $21 billion that the Senate included in a bill extending unemployment benefits for those without a job for more than a year. The other would let companies now losing money recoup taxes they paid on profits earned in the previous five years.
“We are still in a world of economic hurt, and Congress must continue to act boldly and creatively,” said Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee. “With the right mix of tax breaks and investments we will get through this recession and get folks working again.”
The real estate industry has been pushing to extend and expand the housing tax credit. About 1.4 million first-time homebuyers have qualified for the credit through August. The National Association of Realtors estimates that 350,000 of them would not have purchased their homes without the credit.
Extending and expanding the tax credit for homebuyers is projected to cost the government about $10.8 billion in lost taxes. While the measure passed the Senate by a 98-0 vote, Sen. Kit Bond, R-Mo., questioned its efficiency in stimulating home sales.
“For the vast majority of cases, the homebuyer tax credit amounted to a free gift since it did not affect their decision to purchase a home,” Bond said. “And for the small minority of buyers whose decision was directly caused by the credit, this raises the question of whether we are subsidizing buyers who may not have been able to afford buying a home in the first place.”
The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible. The credit would be phased out for individuals with annual incomes above $125,000 and for joint filers with incomes above $225,000.
The credit would be extended an additional year, until June 30, 2011, for members of the military serving outside the United States for at least 90 days.
Expanding the tax credit for money-losing companies is projected to cost $10.4 billion.
The business tax break would allow money-losing companies to use current losses to offset taxable profits earned in the previous five years, giving them refunds of taxes paid in those years. Under current law, businesses with annual gross receipts of more than $15 million can claim losses back only two years.
The tax break would help industries suffering losses in 2008 or 2009, including retailers, homebuilders and newspapers. Congress included a scaled-back version of the tax break — for companies with revenues of $15 million or less — in the economic recovery package enacted in February. The new tax break would be available to companies of any size, providing a quick source of cash.
The U.S Chamber of Commerce has been a big backer of the tax break for money-losing companies.
“It frees up capital that they can use to maintain jobs and potentially even hire new people as the economy returns,” said Caroline Harris, senior tax counsel for the U.S. Chamber of Commerce.
The tax breaks would be paid for largely by delaying a tax break for multinational companies that pay foreign taxes. It was passed in 2004 and originally was to have taken effect this year, but would now be delayed until 2018.
___
The bill is H.R. 3548.
___
On the Net:
Congress: http://thomas.loc.gov
Did you hear that a special senate panel has approved a compromise to extend and expand the tax credit?
Now the bill just needs to pass through the full house and senate. Minor detail! J
Reach out to your congressmen and senators to stress the importance of this extension to our market.
Ask your partners to voice their opinions on this through the NAR and with their political contacts as well.
Here are a few details of the proposed plan:
Tax credit of $8500 would be extended to anyone in contract by 4/30/09 and they would need to close by 6/30/2009
Second time buyers would receive a $6500 credit
Income limits are raised to $125,000 for a single person and $225,000 for a two income household.
Check out this link for more information
Three of my listings are on tour…
Here they are!
668 Plymouth Street
170 Franklin Street in Halifax…Newly Listed, IMMACULATE Colonial
Boasts two car garage under…leading into a finishable walk out basement…up the stairs to an island kitchen which would make any kitchen or/and light designer proud…open to fireplace family room! This home is immaculate..did I mention that..because it is!! There is a dining room that could if need be become a first floor bedroom with a door or two! but its a great place to have a nice formal meal! 3 Bathrooms Bless the home..no waiting for anyone to get into the shower..*unless your the Brady family*
Hardwood stairs lead you to the second floor…heart hallway!
3 bedrooms and a bath off the hall! to the left..2 good size bedrooms, Large Full Bath with ceramic tiles…to the right..Master Bedroom with large full bath and Huge Walk in! Great size Master with full stairs to a finishable attic!!
Central Air, High Efficiency Oil Heat, CatV, Comcast Cable, appliances upgraded, first floor bathroom, 12 over 12 windows, underground wired hot tub, large deck, did I mention this house is Immaculate?
$415,000
668 Plymouth Street
172 Cranberry Drive
75 Holmes Street
or invest! 171 Plymouth Street in Carver
257 Main Street in Kingston

Picture taken: June 4th, 2009..Sunset took place more in the Northwest Regions of the Lakes...Welcome Spring/Summer!