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****1st time buyers- $8000 for you via the stimulus package. Call us @ 703-820-9723 to find out how!!!

****Moving up?.$6500 CAN be yours?? Call us to find out how. Contract by April 30, 2010; close by June 30th.**

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**New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:

Extends deadlines for purchasing and closing on a home.
Authorizes the credit for long-time homeowners buying a replacement principal residence.
Raises the income limitations for homeowners claiming the credit.

Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.

For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased.

People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. ****This article is from www.irs.gov Nov. 12, 2009

Top 5 Home Improvement Projects based on cost & ROI (return on investment)

According to the HomeGain survey, the top five home improvements that Realtors recommend to home sellers based on cost and return on investment (from highest to lowest ROI) are:

1. Cleaning and de-cluttering ($200 cost / $1,700 price increase / 872% ROI)
2. Home staging ($300 cost / $1,780 price increase / 586% ROI)
3. Lightening and brightening ($230 cost / $1,300 price increase / 572% ROI)
4. Landscaping ($320 cost / $1,500 price increase / 473% ROI)
5. Repairing plumbing ($385 cost / $1,250 price increase / 327% ROI)

Read more: http://rismedia.com/2009-11-09/home-sellers-top-5-home-improvement-projects-based-on-cost-and-return-on-investment/#ixzz0WSfaA0Ut

Open Houses Sunday March 14, 1-4pm

Stay Tuned!

Lowest mortgage rates in 38 years for sales prices under $417,000 according to Washington Post. Become one of our VERY pleased clients......call us to get more information. 703-820-9723.

We practice Real Estate for sellers and buyers in Northern Virginia and the District of Columbia and referrals from all over the globe. Thank you for your business and thank you for your referrals.

www.JOHNandJOHN.net is produced by Real Estate experts, The JOHN & JOHN Team - John Meyer, John Welch, David Lausier and Carter Hagen of RE/MAX Allegiance

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