Jim Willis knows Virginia Beach Area Real Estate

Anyone thinking about looking for a getaway place to relax from the stresses of everyday life. If you live on the East Coast area especially you might want to consider Virginia Beach, Va.

It's centrally located, has 4 seasons, but none extreme, and prices are now are very reasonable. You have the Atlantic Ocean and Chesapeake Bay for Beach lovers, sailing, deep sea fishing , plenty of seafood restaurants and eclectic eateries and history all around (Williamsburg,Yorktown, Norfolk etc)

More and more people from the Richmond area of Va, as an example, (about a 2 hour drive away) are finding the advantages of our area. If you would like to find out more about the possibilities, go to my local real estate site www.googlejim.com

At Sandbridge (in Virginia Beach) at a newer condo development on the Beach called The Sanctuary, really low prices are available (because of the market) at possibly 58% of the original price. Also you are able to rent your condo out by the week for additional income and/or to offset expenses.

I'll be happy to fill you in on what's available in this wonderful Virginia Beach area. I have all Homes for sale in the Virginia Beach area on my site www.googlejim.com , available to you, with full details, photos, addresses AND mapping at each home and my site is updated 3 times daily. Want to remain anonymous? No Registration needed on my site! Enjoy!

I have an automatic email notification system that will send you homes that meet your specific criteria. It will be sent to you within hours after the home comes on the market. I can set it up usually within 24-48 hours.

jim from virginia beach

See all Homes for sale in the Va Beach and surrounding areas of Va at www.googlejim.com

Hooray!!!!! The $8,000 Homebuyers Federal Tax Credit has been extended and much, much, much more!! President Obama signed the bill that includes extension and expansion of the Homebuyer's Federal Tax Credit on November 7th, 2009.

In this Homebuyer Federal Tax Credit part of the bill, funding will be available for Home purchases up to May 1, 2010. Home Buyers who have ratified/binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction. The Homebuyers Federal Tax Credit remains at $8,000 for first-time Homebuyers and Homebuyers who have not owned a Home in the past 3 years.

In addition their is a new $6,500 tax credit for repeat Homebuyers who purchase between December 1, 2009 and May 1, 2010. Repeat buyers must have lived in their Homes consecutively for five of the previous eight years. Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.

Also, good news for members of the Armed Forces who are called on for overseas extended duty. These members of our military and uniformed services, who are out of the country for at least 90 days, will also be eligible to use the Homebuyer's Federal Tax Credit upon their return through April 30th, 2011. That's April 30th, 2011, not April 30th 2010.

Va Beach Jim

Visit my Real Estate site www.googlejim.com where All Homes for Sale in Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk and All Surrounding areas of Va are available! My site is easy to navigate, updated daily and no registration is required. Take a look around and start searching for your new Home! Details, Addresses, Photos, Maps, Calculators at each Home.

Yes, yes, and yes!!!! The Bill that includes The Homebuyers Federal Tax Credit has been passed by the Senate and the House and, as the MBA ( Mortgage Bankers Association) indicated in a release today that "we anticipate that President Obama will sign the bill in very short order"!! Great news for many many Homebuyers and definitely this bill includes more Homebuyer's then ever before.

See below for information on this part of the bill that was included in a Blog I sent out on 11/05/09.

"In this Homebuyer Federal Tax Credit part of the bill, funding will be available for Home purchases up to May 1, 2010. Home Buyers who have ratified/binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction.

The Homebuyers Federal Tax Credit remains at $8,000 for first-time Homebuyers and Homebuyers who have not owned a Home in the past 3 years.

In addition their is a new $6,500 tax credit for repeat Homebuyers who purchase between December 1, 2009 and May 1, 2010. Repeat buyers must have lived in their Homes consecutively for five of the previous eight years.

Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.

As a result of a significant amount of fradulent reporting with the initial Homebuyers Federal Tax Credit new anti-fraud limitations are imposed in the new bill. The White House has signaled that the President will sign the legislation."

Also, good news for members of the armed forces who are called on extended duty. These members of our military and uniformed services, who are out of the country for at least 90 days, will also be eligible to use the tax credit upon their return through April 30th, 2011. That's April 30th, 2011, not April 30th 2010.

Va Beach Jim

Visit my real estate site www.googlejim.com where All Homes for Sale in Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk and All Surrounding areas of Va are available! My site is easy to navigate, updated daily and no registration is required. Take a look around and start searching for your new Home! Details, Addresses, Photos, Maps, Calculators at each Home.

The extension of the Homebuyer Tax Credit is seeming more and more probable. The Senate has been in negotiation on an agreement regarding the expansion and extension of this important issue and an agreement has been reached!. The extension is part of a larger bill that has not yet gone to a vote, however.

A Senate vote on the larger bill will happen in the Senate during the 1st week of November, 2009. The package will then go back to the House. The House is expected to accept the Senate amendments, vote on the package and send it to the President for signature. The underlying bill is an extension of unemployment benefits and other issues.


In this Homebuyer Federal Tax Credit part of the bill, funding will be available for Home purchases up to May 1, 2010. Home Buyers who have ratified/binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction.

The Homebuyers Federal Tax Credit remains at $8,000 for first-time Homebuyers and Homebuyers who have not owned a Home in the past 3 years.

In addition their is a new $6,500 tax credit for repeat Homebuyers who purchase between December 1, 2009 and May 1, 2010. Repeat buyers must have lived in their Homes consecutively for five of the previous eight years.

Income limits are expanded to $125,000 on a single return and $225,000 on a joint return.

As a result of a significant amount of fradulent reporting with the initial Homebuyers Federal Tax Credit new anti-fraud limitations are imposed in the new bill. The White House has signaled that the President will sign the legislation.

It is not official official yet but it looks like this will pass into law in November!

Va Beach Jim

Visit my real estate site www.googlejim.com where All Homes for Sale in Virginia Beach, Norfolk, Chesapeake, Portsmouth, Suffolk and All Surrounding areas of Va are available! My site is easy to navigate, updated daily and no registration is required. Take a look around and start searching for your new Home! Details, Addresses, Photos, Maps, Calculators at each Home.

Well, it's September of '09 and we all have a little bit different idea of where we are as far as hitting bottom in Home Pricing. We know what happens when inventory of Homes for sale go down (which it's doing now--less homes for sale in *S Hampton Roads currently then in 2008 by 3.8%.) AND the gap continues to close between median Sales Prices of Homes in '08 vs '09 (from -12.1% in January of this year to -2.6% in August of '09) AND, Hey, Interest Rates continue to hang around in the 5% range, a little higher but not much. That's good news.

Still time left to purchase a primary or 2nd Home at a great price before Home prices hit bottom and start going up along with increases in interest rates. Also, if your a 1st Time Homebuyer or haven't owned a Home in 3 years you are eligible for an $8,000 Federal Tax Credit with no payback requirements. The catch is this program expires on December 1, 2009. Something to think about. (Some income limits apply--$75,000 for single tax payer in a family and $150,000 for a 2 income family.)

*NOTE: S Hampton Roads includes Virginia Beach, Chesapeake, Norfolk, Suffolk and Portsmouth.

I now have a couple of Clients that are waiting for the bottom in pricing to purchase and they are losing out on Homes they have had their eye on because the Homes have gone under contract. Something to think about.

jim from va beach

Visit my Real Estate Site www.googlejim.com where All Homes for Sale in Va Beach, Chesapeake, Norfolk, Portsmouth, Suffolk and All Surrounding Areas of Virginia are available--Updated Daily! Also lots of information on Schools, City Guides, Bases, and much more!