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Take a Look at what's for Sale In the PERRYWOOD Neighborhood in Upper Marlboro Maryland | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Take a Look at what's for Sale In the PERRYWOOD Neighborhood in Upper Marlboro Maryland | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Posted at 11:48 PM in Selling Real Estate | Permalink | Comments (0) | TrackBack (0)
President Obama's Homeowner Affordability and Stability Plan is designed to help between 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. The links below are the best sources for info on the specifics of the plan I have found... This is great. I see the sufferinbg up close almost daily...
Questions and Answers for Borrowers From the The White House Briefing Room Blog
President Obama's housing plan is expected to help as many as seven million to nine million homeowners by making it easier for them to either refinance their mortgages or renegotiate payments. continue New York Times
Three Sample Cases from the United States Department of Treasury
Homeowner Affordability and Stability Plan: Executive Summary - from StockMarketFunding.com
Homeowner Affordability and Stability Plan Fact Sheet From the United Stated Department of Treasury
Obama Administration's Home Mortgage Crisis Fact Sheet From the Washington Post
Posted at 03:13 PM in Current Affairs, Foreclosure Info, Home Owners, Investing, Mortgage and Lending, Personal Finances, Real Estate | Permalink | Comments (3) | TrackBack (0)
Applying the Home Buyer Tax Credit to Your 2008 Return Applying the Home Buyer Tax Credit to Your 2009 Return Tax Credit Can Be Used on Closing Costs Credit Details The new Credit is an $8,000 REFUNDABLE Tax Credit (or up to 10% of the purchase price). So if the property is $75,000, the credit is only $7,500. (Assume a property over $80,000 for the rest of the discussion). Refundable means that if your total tax liability in the given year is less than $8,000, the IRS will send a refund for the balance. Refundability - Why it's Important Many taxpayers do not have tax liability that exceeds $8,000. For example, according to the 2008 IRS Tax Tables: A single filer would need $46,600 in taxable income to have $8,000 in tax liability. A couple would need $58,600 in taxable income to have $8,000 in tax liability. Those with less tax liability will in most cases get a refund meaning they get the full value of the credit. First-Time Homebuyer Definition Defined as someone who owned another main home at any time during the three years prior to the date of purchase. For example, if you bought a home on January 15, 2009, you cannot take the credit for that home if you owned, or had an ownership interest in, another home at any time from January 15, 2006 through January 15, 2009. So if the last time you owned a home was 2005, you are eligible for the credit even though it is really not your “first” home. For married joint filers, both must meet the 1sttime homebuyer test to take the credit on a joint return. Income Limits This means that for singles making over $75,000 and couples making over $150,000, the credit is proportionately reduced as incomes approach $95,000 and $170,000 respectively. So if a couple makes $165,000, the excess amount is used to create a fraction 15,000/20,000 (.75) times the credit amount. 75% or $6,000 of the credit would be disallowed. They would still get a $2,000 credit. The Home The home must be located in the United States. Vacation homes and rental properties are not eligible. For new construction, the “purchase date” is the date you occupy the home. So the move in date must be before December 1, 2009. Recapture-3 Year Residency If the home is sold prior to three years of ownership, the tax credit must be repaid. This is an improvement from the prior credit. That credit needed to be repaid in total over 15 years or the balance had to be repaid on sale. Other Provisions This provision is designed to prevent flipping homes in order to get the credit. The new credit is available to residents of the District of Columbia Purchasers who utilize state/local revenue bond financing can now use the credit. Purchasers who bought before January 1, 2009 are still subject to the terms of the repayable credit. When Can You Claim the Credit. It can be claimed on your 2008 Tax Return (to be filed by April 15, 2009), an amended 2008 Tax Return, or your 2009 Tax Return. Who cannot take the credit If any of the following: Your income exceeds the phase-out range. This means joint filers with Modified Adjusted Gross Income (MAGI) of $170,000 and above and other taxpayers with MAGI of $95,000 and above. You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild. You stop using your home as your main home. You sell your home before the end of three years. You are a nonresident alien. See IRS Form 5405 'First-Time Homebuyer Credit" source NAR Courtesy of Al Matlock Washington DC and Maryland Real Estate
Posted at 05:39 PM in Buying Real Estate, Home Owners, Real Estate, Selling Real Estate, Tax Credit | Permalink | Comments (29) | TrackBack (0)
Looking for a great place close in, then Silver Spring is it. At the Districts northern border it has it all dinning, shopping, movies, gyms, grocers, nightlife and it's very own Metro Stop.. If you're thinking Silver Spring contact Al Matlock Washington DC Maryland Real Estate and let him find your new home for you... dcrealtor@live.com www.matlockrealtor.com
Posted at 04:32 PM in Condominiums, Video | Permalink | Comments (0) | TrackBack (0)
It’s not surprising that two of the most popular rooms for home makeovers are the kitchen and bathroom. When potential homebuyers are searching for homes, they generally are more attracted to homes with updated kitchens and baths. These same rooms rank high in return on remodeling investment at resale, according to Remodeling Magazine’s Cost-vs-Value 2008-09 Study.
However, both can be pricey ventures. According to the same study, the national average for minor kitchen remodel was $21,246. A sample remodel at this cost includes replacing cabinet fronts, flooring, laminate countertops and oven and cooktop; installing mid-priced sink and faucet, adding wall cover and repainting trim.
The national average for a mid-range bathroom remodel was $15,899, which included replacing fixtures, installing a porcelain-on-steel tub, new shower and ceramic tile flooring.
If you’re like many consumers today, you are more budget conscious and may not be able to afford thousands of dollars on a remodeling project. Here are some alternatives that will give your kitchen and bathroom a fresh, modern look without breaking your piggy bank.
Kitchen
Cabinets—Give your cabinets a fresh look by either refinishing or refacing the fronts at a more economical cost than buying new ones. You can even take the center face out and install a glass front.
Hardware—Replacing your cabinet knobs and drawer pulls, can give your kitchen an entirely new look.
Paint—A fresh coat of paint is always a sure bet. And it is one of the least expensive ways to give a room a makeover. To further transform the room, choose more modern hues, such as a warm yellow or deep red.
Countertops—The price of natural quartz or stone countertops can quickly eat away your kitchen remodeling budget. Less expensive, yet still attractive alternatives are solid surface materials such as Silestone® or granite and ceramic tiles. An even more affordable choice is laminate, which is easy to install yourself and comes in a variety of colors and styles.
Faucets and Sinks—Add a fresh new look by replacing your sink and faucet with a high-arched spout in an updated finish, such as brushed nickel, brushed chrome or stainless steel.
Backsplash—Another option to modernize your kitchen’s look is adding a backsplash. But rather than having ceramic tiles, consider creating a mosaic with ceramic or glass or install a faux backsplash panel.
Window treatments—Switch out older valances with options that let the natural light in.
Lighting—By adding under cabinet lights or even track lighting, you can create a dramatic look to your kitchen.
Bathroom
Paint—As with the kitchen, a new coat of paint is a low-cost way to renew a room’s look. Choose a warm color to give the room an intimate feel.
Showerheads—Change out old showerheads with a new rain showerhead.
Shower Doors – If you still use shower curtains for your bathtub, you can update the look by installing glass doors. Frameless doors are preferable. However, if the walls aren’t flush to the tub area, framed doors will still give you the modernized look you’re seeking.
Hardware—Just as with the kitchen, replacing the knobs and handles can give your vanity a fresh new appearance.
Lighting and Mirrors—In addition to the vanity, the lighting and mirrors above that area can combine to make the perfect focal piece for your bathroom. If changing the vanity is not in your budget, consider swapping out your unframed glass for a more decorative mirror and add a new lighting fixture.
You don’t have to spend thousands of dollars to add pizzazz to your kitchen or bath. Just changing one or two elements can make a huge difference in its appeal to you and a potential buyer down the road.
courtesy Al Matlock for more useful info visit www.matlockrealtor.com
Posted at 07:08 PM in Buying Real Estate, Home Owners, Real Estate, Selling Real Estate | Permalink | Comments (5) | TrackBack (0)
| Washington DC's Logan Circle Condos for Sale click address for property info |
| Property Address | Price | Bedrooms |
Baths |
| 1010 Mass Ave NW 704 | $940,335 | 2 | 2 |
| 1450 Church St NW #303 | $629,000 | 2 | 2 |
| 1450 Church St NW #404 | $475,000 | 1 | 1 |
| 1450 Church St NW #601 | $950,000 | 2 | 2.5 |
| 1450 Church St NW #C02 | $405,000 | 1 | 1.5 |
| 1450 Church St NW #104 | $925,000 | 2 | 2 |
| 1450 Church St NW #201 | $689,000 | 2 | 2 |
| 1450 Church St NW #202 | $599,000 | 2 | 2 |
| 1450 Church St NW #302 | $629,000 | 2 | 2 |
| 1450 Church St NW #401 | $483,000 | 1 | 1 |
| 1450 Church St NW #501 | $499,000 | 1 | 1.5 |
| 1450 Church St NW #503 | $649,000 | 2 | 2 |
| 1450 Church St NW #603 | $1,250,000 | 2 | 2.1 |
| 1450 Church St NW #402 | $639,000 | 2 | 2 |
| 1450 Church St NW #403 | $639,000 | 2 | 2 |
| 1450 Church St NW #502 | $649,000 | 2 | 2 |
| 1450 Church St NW #504 | $449,000 | 1 | 1 |
| 1450 Church St NW #602 | $990,000 | 2 | 2.5 |
| 1450 Church St NW #604 | $1,125,000 | 2 | 2.5 |
| 1209 13th St NW #607 | $429,000 | 1 | 1.5 |
| 1010 Mass Ave NW #1005 | $539,000 | 1 | 1 |
| 1125 12th St NW #5 | $134,900 | 1 | 1 |
| 1133 14th St NW #511 | $395,000 | 1 | 1 |
| 1300 N St NW #21 | $419,000 | 1 | 1 |
| 27 Logan Circle #7 | $799,900 | 2 | 2.5 |
| 1515 15th St NW #224 | $826,900 | 2 | 2.5 |
| 1515 15th St NW #205 | $453,900 | 1 | 1.5 |
| 1215 10th St NW #1 | $242,900 | 0 | 1 |
| 1215 10th St NW #32 | $398,900 | 2 | 1 |
| 1317 R I Ave NW #104 | $399,900 | 2 | 1 |
| 1715 15th St NW #5 | $1,295,000 | 2 | 2 |
| 1125 12th St NW #62 | $195,000 | 1 | 1 |
| 1001 L St NW #804 | $549,999 | 2 | 2 |
| 1124 10th St NW #2A | $739,000 | 2 | 2 |
| 1117 10th St NW #411 | $532,000 | 2 | 1 |
| 1300 13th St NW #703 | $544,500 | 2 | 2 |
| 1420 N St NW #604 | $264,500 | 1 | 1 |
| 1316 12th St NW #4 | $729,900 | 2 | 2.5 |
| 910 M St NW #1104 | $429,000 | 1 | 1 |
| 1617 12th St NW #4 | $699,000 | 3 | 2 |
| 1441 R I Ave NW #113 | $799,000 | 3 | 2 |
| 1010 Mass Ave NW #1001 | $854,000 | 2 | 2 |
| 1010 Mass Ave NW #1210 | $917,000 | 2 | 2 |
| 1010 Mass Ave NW #1003 | $575,000 | 1 | 1 |
| 1010 Mass Ave NW #1002 | $664,000 | 1 | 2 |
| 1125 11th St NW #101 | $639,900 | 2 | 2 |
| 1125 11th St NW #304 | $399,900 | 1 | 1.5 |
| 1125 11th St NW #ph8002 | $899,900 | 2 | 2.5 |
| 1441 R I Ave NW #308 | $410,000 | 1 | 1 |
| 1117 10th St NW #W-8 | $799,900 | 2 | 2 |
| 1300 N St NW #705 | $499,900 | 2 | 2 |
| 935 M St NW #1 | $499,500 | 2 | 2 |
| 1300 N St NW #119 | $315,000 | 1 | 1 |
| 1001 L St NW #706 | $384,900 | 2 | 1 |
| 1125 12th St NW #42 | $199,999 | 1 | 1 |
| 1300 13th St NW #906 | $599,000 | 2 | 2 |
| 1125 12th St NW #21 | $156,900 | 1 | 1 |
| 1125 12th St NW #34 | $205,000 | 1 | 1 |
| 1213 N St NW #A | $733,500 | 2 | 2.5 |
| 1125 12th St NW #54 | $200,000 | 1 | 1 |
| 1715 15th St NW #33 | $625,000 | 2 | 2 |
| 1316 12th St NW #5 | $697,000 | 2 | 2.5 |
| 1618 11th St NW #201 | $459,746 | 2 | 2 |
| 1316 12th St NW #2 | $329,900 | 1 | 1 |
| 1618 11th St NW #T103 | $275,750 | 1 | 1 |
| 1618 11th St NW #T101 | $299,744 | 1 | 1 |
| 1125 12th St NW #2 | $149,900 | 1 | 1 |
| 1125 12th St NW #83 | $163,900 | 1 | 1 |
| 1125 12th St NW #44 | $200,000 | 1 | 1 |
| 1117 10th St NW #906 | $478,500 | 1 | 1 |
| 1010 Mass Ave NW #904 | $979,900 | 2 | 2 |
| 1335 Riggs St NW | $450,000 | 4 | 2 |
| 1330 Mass Ave NW #612 | $420,000 | 2 | 1 |
| 1515 15th St NW #220 | $539,900 | 1 | 1.5 |
| 1101 L St NW #201 | $280,000 | 1 | 1 |
| 1515 15th St NW #607 | $1,875,000 | 2 | 2 |
| 1515 15th St NW #212 | $689,900 | 1 | 1.5 |
| 1515 15th St NW #429 | $984,900 | 2 | 2.5 |
| 1117 10th St NW #708 | $459,000 | 1 | 1 |
| 1514 12th St NW #3 | $549,000 | 2 | 2.5 |
| 1300 13th At NW #108 | $524,950 | 2 | 2 |
| 1117 10th St NW #709 | $369,000 | 1 | 1 |
| 1125 11th St NW #801 | $1,100,000 | 2 | 2 |
| 1715 15th St NW #36 | $569,900 | 2 | 2 |
| 1217 10th St NW #C | $998,900 | 3 | 3 |
| 1741 Johnson Ave NW #205 | $599,000 | 2 | 2 |
| 1441 R I Ave NW #512 | $530,000 | 2 | 1 |
| 1300 N St NW #618 | $365,000 | 1 | 1 |
| 1117 10th St NW #W-2 | $759,000 | 2 | 2 |
| 1006 M St NW #201 | $499,900 | 2 | 2 |
| 1117 10th St NW #807 | $219,900 | 0 | 1 |
| 1618 11th St NW #202 | $539,162 | 2 | 2 |
| 1440 N St NW #404 | $199,900 | 0 | 1 |
| 1320 13th St NW #2 | $400,000 | 2 | 2 |
| 1400 Church St NW #410 | $499,900 | 1 | 1 |
| 1133 14th St NW #408 | $649,000 | 2 | 2 |
| 1715 15th St NW #43 | $465,000 | 2 | 1 |
| 1715 15th St NW #D | $625,000 | 2 | 1 |
| 1224 R St NW #2 | $849,900 | 3 | 2.5 |
| 1440 Church St NW #603 | $899,000 | 2 | 2 |
| 1210 R St NW #209 | $819,000 | 3 | 2 |
| 1330 Mass Ave NW #420 | $279,950 | 1 | 1 |
| 1621 12th St NW #2 | $1,195,000 | 2 | 2.5 |
| 1115 12th St NW #104 | $299,900 | 1 | 1 |
| 910 M St NW #126 | $434,900 | 1 | 1.5 |
| 910 M St NW #903 | $449,900 | 1 | 1.5 |
| 1300 13th St NW #104 | $399,000 | 1 | 1 |
| 1440 N St NW #808 | $190,000 | 0 | 1 |
| 1326 Vermont Ave NW #6 | $600,000 | 2 | 2 |
| 1239 Vermont Ave NW #510 | $269,555 | 1 | 1 |
| 1441 R I Ave NW #407 | $437,500 | 1 | 1 |
| 1441 S St NW #1 | $765,000 | 2 | 2 |
| 1529 14th St NW #303 | $489,000 | 1 | 2 |
| 1737 Johnson Ave NW #A | $1,495,000 | 3 | 2 |
| 910 M St NW #806 | $435,000 | 1 | 1 |
| 1125 12th St NW #45 | $149,900 | 1 | 1 |
| 910 M St NW #706 | $429,900 | 1 | 1 |
| 1111 11th St NW #105 | $469.500 | 2 | 2 |
| 1101 L St NW #705 | $149,000 | 0 | 1 |
| 1125 11th St NW #504 | $485,900 | 1 | 1.5 |
data source MRIS
courtesy of DC's Condo Guy
Posted at 02:51 PM in Buying Real Estate, Condominiums, Condos For Sale, DC's Condo Guy | Permalink | Comments (0) | TrackBack (0)
Posted at 02:02 PM in Buying Real Estate, Condominiums, Condos For Sale | Permalink | Comments (0) | TrackBack (0)
UPDATE: First Time Homebuyer Tax Credit -Answers!
Homebuyer Tax Credit – The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's income tax liability. If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.
First look at Proposes Obama Stimulus Package. source: realtor.org
courtesy of Al Matlock DC Realtor al@wdc411.com 301/543-2278
Posted at 01:14 PM in Buying Real Estate, Condominiums, DC's Condo Guy, Home Owners, Mortgage and Lending, Real Estate, Selling Real Estate | Permalink | Comments (0) | TrackBack (0)
Washington DC Home Sales Statistics are in for January 2009. Here's a brief snippet- more details coming..... The 1st numbers are for 2008/2nd number for 2007/3rd change percentage
Average. sold price $495,380 - $556,511 (-10.98%)
Total Units Sold - 253 - 318 (- 20.44%)
Of that 253, 98 were condos/coop
Average sold price Condos - NA
Avg. Days on Market 112 - 87 (28.74)
For Washington DC Home Sales Statistics by zip code click here Also compare stats for 2007, 2006, 2005
source Mris
Posted at 11:55 AM in Buying Real Estate, DC Housing Sales Stats, Selling Real Estate | Permalink | Comments (0) | TrackBack (0)
Montgomery County Home Sale statistics are in for January 2009. Here's a brief snippet- more details coming..... The 1st numbers are for 2008/2nd number for 2007/3rd change percentage
Average. sold price $421,840 - $494,623 (-14.72%)
Total Units Sold - 387- 425 (-8.94%)
Of that 387, 86 were condos
Average sold price Condos - NA
Avg. Days on Market - 120 - 120 (0.00%)
Compare 2007/2006/2005 Real Estate Statistics for Montgomery County Maryland and Washington DC click here
source mris
courtesy Al Matlock real estate professional Washington DC and Maryland - Realtor
Posted at 11:35 AM in Buying Real Estate, Montgomery County Housing Sales Stats, Selling Real Estate | Permalink | Comments (0) | TrackBack (0)