To help the general public get ready for the transition of analog to digital TV, the FCC and the Loudoun County's Office of Public Information have teamed up and are hosting a series of upcoming meetings before the DTV deline on June 12, 2009.
Meetings in Loudoun about the DTV transition are scheduled for:
•Saturday, April 4, 10:30 a.m. - 1 p.m., Douglass Community Center, 407 E. Market Street, Leesburg
•Saturday, May 2, 10 a.m. - 12 noon, Loudoun Valley Community Center, 320 W. School Street, Purcellville
•Saturday, June 6, 10 a.m. - 12 noon, Cascades Library 21030 Whitfield Place, Potomac Falls
More information about the digital TV transition, including links to the FCC and related websites, is available on the Loudoun County website at www.loudoun.gov/digitaltv.
In recognition of Earth Day, residents are encouraged to turn off their lights on Saturday, March 28th from 8:30-9:30pm (local time) for Earth Hour in effort to raise awareness of global warming.
Earth Hour began in Sydney in 2007 when local 2.2 million businesses and residents turned off lights for one hour during the night. Last year the movement grew substantially to 50 million businesses and residents. Some nationwide landmarks were the Golden Gate Bridge in San Francisco, Rome's Coliseum, the Sydney Opera House, and the Coca Cola billboard in Times Square all stood in darkness.
This year the Earth Hour hopes to reach it's goal of 1 billion participants. Help support this movement; all it takes is a flip of a switch!
For more information, please go to
www.EarthHour.org
Check out the chart below for a breakdown of the original tax credit and the one that was recently came out in February by the American Recovery and Reinvestment Act. Information has been provided by Dominion Title Corporation.
|
Feature |
Original credit created by July 2008 |
Revised credit - Feb. 2009 |
|
Definition of first time home buyer |
Buyer (and buyer's spouse) may not have owned a principal residence for 3 years prior to purchase |
No change |
|
Amount of tax credit |
10% of the purchase price or $7,500, whichever is less |
Maximum credit amount increased to $8,000 |
|
True credit or repayment? |
The credit must be repaid - 6.67% of credit or $500 each year for 15 years, starting with the 2010 tax filing; if the home is sold before this, the balance must be repaid at closing |
True credit - unless the home is sold within three years, at which point the first-time homebuyer who is now the seller) must repay the entire amount to the IRS at closing |
|
Effective dates |
Applies to homes purchased between April 9, 2009 and December 30, 2008 with repayment starting in 2010 |
Applies to homes purchased between January 1, 2009 and November 30, 2009 |
|
Tax implications |
Reduces ( or can eliminate) income tax liability for the year of purchase; e.g., buyers will pay less tax or receive a bigger refund |
No change |
|
Eligible properties |
Any single family residence (including condos, co-ops, townhouses, etc) that will be used as a principal residence |
No change |
|
Income limits |
Full credit for individuals with a modified adjusted gross income of $75,000 or less ($150,on a joint return); partial credit for income from $75,000 to $95,000 ($150,000 to $170,000 on a joint return) |
No change |
*Dominion Title Corporation does not give tax advice. For additional questions, please consult your tax professional
Virginia Department of Forestry (VDOF) will be conducting a controlled burn on the property of a homeowner with property along Branch River Road in the Neersville area of Loudoun County. This burn will benefit the surrounding area by reducing the amount of brush and pine needles, and will promote new vegetation that serves as food for many species of animals. For more information about the precautions in place for the burn, please contact the Neersville Fire-Rescue Station 16 at 540-668-6974 or the Leesburg office of the VDOF at 703-777-0457.
*While the certified burn managers and the landowners are conducting the prescribed burns, the VDOF and local fire and rescue personnel and equipment will be on hand to monitor the fires.
Check out the full article at www.loudoun.gov
Yes, the economy is struggling, yes we are currently experiencing one of the longest recessions in American history; but like Buffini, (one of the real estate gurus in the US) says, "a recession is a horrible thing... to waste!" Turn off the news & listen to the experts in the investment industry, the real estate market professionals, and the top economists in the nation.
Interests rates are lower than they have been in the last 30 years and home prices have dropped in the past 2 years to some of the most affordable prices in ages! It is expected that home prices will begin to increase in the next 5 years, so why wait and waste this unbelievable opportunity to buy?? Make the best investment to your future, buy a home today!
Gina M. Tufano attends an ample amount of real estate related seminars monthly and is up to date on the latest real estate & market conditions, and is more than happy to help you find the home of your dreams today!
Want more information on the current real estate market?
Please feel free to contact Gina M. Tufano, a trusted Realtor in Virginia since 1996.
gina@ask-gina.com * (703) 574-3478 * www.ask-gina.com
Successful Northern Virginia Agent since 1996. When you want to buy or sell a home - Ask Gina 1st! My expertise & knowledge on the real estate industry, will make home buying or selling painless!
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