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More good news for consumers, our members, and the housing market recovery. Following the Senate's favorable vote yesterday, the U.S. House of Representatives just voted 403 to 12 to extend the home buyer tax credit, expanding the parameters to include existing homeowners and not just first-time buyers. As you may know, C.A.R. and our partners at NAR have worked for months urging Congress and the Senate to extend and expand this crucial piece of legislation. We expect President Obama to sign the legislation in short order.
As it now stands, the federal tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances.
Under additional provisions included in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The legislation maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.
Nationwide, more than 1.4 million first-time home buyers were given the opportunity to become homeowners as a result of the Federal Tax Credit for First-time Home Buyers. We expect that number to increase dramatically in the months ahead with this new legislation in place. Thank you to our members who called, wrote, and e-mailed their congressional representatives and voiced their support for the home buyer tax credit. Your voices were heard - today's vote is a direct result of your actions and involvement.
Join us the third Wednesday of every month from 6:00pm to 8:00pm for MISSION NIGHTS in San Diego to stroll through our neighborhood of Mission Hills meet your local merchants and enjoy a sampling of great food, wine, snacks and beverages. What better way to spend a Wednesday evening than a leisurely walk through the business district of Mission Hills meeting new neighbors and exploring your favorite restaurants, shops, boutiques and cool lounges. Enjoy live music, free food, dinner and drink specials, discount coupons and live demonstrations-all free to the public. And don't forget the parking meters are free after 6pm too. For a current schedule and map, please check out the website at ww.MissionNights.com.
For more information on Mission Hills and Hillcrest in San Diego, please visit my site at www.ArmstrongEstates.com.
The official launch of my real estate website as Armstrong Estates has been a tremendous success. San Diego real estates websites are not all created equal. With state-of-the-art search tools, free foreclosure lists and a marketing plan second to none, Todd's San Diego clients have created a huge buzz and resulted in over 5,000 website hits in the last 2 days. That's great news for sellers currently listed with Armstrong & Associates. It means tons of exposure to their homes. Visitors have been spending the majority of the time previewing the dozens of pictures of Todd's listings. Check us out now at www.ArmstrongEstates.com for more information on how Todd and his team can sell your home in this tough market.
Todd Armstrong and Associates is proud to announce the opening of their newly designed and updated website at www.ArmstrongEstates.com. New features include state-of-the-art Search Engine for San Diego real estate, foreclosure lists and the ability to search for homes with your cell phone.
While most agents are cutting back, Todd has increased his marketing budget and taken on more clients than ever before. One of my most knowledgable real estate teams in Mission Hills and Hillcrest, his team services all facets of the metro areas of San Diego to include downtown San Diego, Mission Hills, Banker's Hill, Hillcrest, North Park, South Park, University Heights and Normal Heights. Take a peek at all homes for sale in San Diego at www.ArmstrongEstates.com
We specialize in luxury homes in metro San Diego. I live and work in Mission Hills/Hillcrest & service the surrounding neighborhoods of Downtown, Bankers Hill, North Park, & University Heights.
Search All San Diego Homes for Sale
What's the difference with Armstrong and Associates?
We bring years of experience, effective marketing and proven results to sell your home and help our buyers find the perfect dream home!
A highly successful 22 plus year Navy veteran, Todd started his real estate career over 10 years ago where he immediately found success representing high-end residential clients in Rancho Santa Fe. His superb negotiating skills with multi-million dollar, elite properties set himself apart from his peers. He then started his own Real Estate Company and quickly rose to the Top Producer nd Number One agent in that company both in the numbr of units sold and total sales. His extreme deication to his clients, superb negotiating skills and proven marketing plan has been the key to his success. Click HERE to contact Todd. Check out my state-of-the-art website at www.DwellSanDiego.com "My Team of Professionals are ready to help you navigate through all areas of the complicated real estate transaction including Title, Escrow Services, Financing, Appraisals and more." Try out my newest home finder tool. Imagine you are driving around your favorite neighborhood and you want to know what homes are for sale. Just hit your button on your cell phone and my service uploads all properties for sale in your immediate location. Click the banner below to sign up. It's free and works with all cell phones.
My Philosophy
"Armstrong & Associates was formed because I wanted to be surrounded by like-minded, goal oriented, successful professionals who also make this business FUN. I really enjoy working with all aspects of this business and it is truly one of my greatest passions." I specialize and live in Mission Hills, but also work the markets in Hillcrest, North Park, Downtown and University Heights as well as the high-end residential market of Rancho Santa Fe, Del Mar, La Jolla and the rest of San Diego County. I am also active in the community working closely with community leaders by contributing to the plight of the many homeless youth in San Diego."
Effective Marketing Gets Results!
Real results in real estate have one thing in common, effective and dynamic marketing! My aggresive marketing plan utilizing cutting edge technology, print ads and a saturated internet presence that is unmatched in the industry. Don't believe me, Google "Todd Armstrong real estate" then google my competition. See more about my marketing HERE!
High-End Residential Homes
Marketing a luxury home is completely different from your average home. You need an agent experienced in handling complicated transactions, the "art" of negotiating with the proper marketing plan.I have had extensive experience working in one of the most expensive neighborhoods in the United States, Rancho Santa Fe. I started my career working at Fairbanks Ranch Realty; one of the first real estate offices established in "The Ranch". Additionally, I have represented several luxury buyers and sellers in my own neighborhood of Mission Hills. I offer "honest" assessments of property values. I give you facts backed up by data, not fluff and speculation. Interview at least 2 other agents and then interview me so I can show you how my marketing plan of action works to sell your luxury property in this tough market. I offer confidentiality, privacy and professional representation for buyers and sellers.
Military Relocation
"One of our key areas of expertise is Military Relocation. After serving over 22 years in the US Navy, I know the in's and out's of a stressful Military move and transfer to a new duty assignment. I have served overseas, aboard ships and at shore commands throughout my career. I have helped dozens of Navy and Marine Corps families realize the American dream of home ownership. My team is well versed in all areas special financing options available to Military members. Give me a call and I'd be happy to help you out."
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