Serving Northern Virginia
Short sales in the Northern Virginia market aren’t new. They were around in previous down markets with a different twist. Sellers actually had to come to the money with the table to close the deal or sign a promissory note to cover the difference. Sellers sucked it up and did it in order to move…
Over the last few days hundreds of real estate bloggers and even professional newscasters have reported that the First Time Home Buyers Credit had been extended. The headlines said “Jump for Joy Tax Credit Extended” or “You Still Have Time-$8000 Credit Extended.” Unfortunately as of the date of this post the $8000 tax credit has…
It seemed as if it would be an easy showing. The instructions in the Northern Virginia MLS said to call the owner first so they could crate the dog. We had a pleasant conversation, gave them a timeframe and they said they would vacate the house so we could have it to ourselves. You have…
Sure enough if you build it someone will figure out a way to break it. In this case it is a report from the Treasury Department’s Inspector General that shows how quickly fraud can take off. The IRS has uncovered 167 criminal schemes related to the $8000 First Time Homebuyers Credit and is examining over…
Sorry I couldn’t resist. It is a busy week for @cjrealtygroup (follow me on Twitter). Besides the usual real estate business it is also a week of lots of networking events for bloggers and real estate agents. Tommorrow is REBAR Camp DC. A fun free for all event that brings together real estate bloggers and…
As deadline for the first time homebuyers tax credit looms the debate as to whether to continue the credit or not is getting heated. Trying to find answers as to whether the credit has actually created the jump in home sales is difficult. Recently a report written by Ted Gayer of the Brookings Institute provided…
The US House of Representatives overwhelming voted to extend the first time home buyers credit for an additional 12 months to anyone in the military who has served overseas for three months in 2009. In a vote of 416 to zero the bill now has to go the US Senate and the President for final…
It is interesting to see article after article suggesting that the end of the tax credit will be the end of the warming real estate market in Northern Virginia. Since the winter is normally the slow time for home sales, the fact that the tax credit ends at the same time seems to be suggesting…
This has nothing to do with Northern Virginia real estate. But I can’t be all real estate all of the time now can I?
