About Atlantic County, NJ

The President is expected to sign the Tax Credit Home Buyer Bill today. This will extend the tax credit of up to $8,000 for First Time Home Buyers. A single person making under $75,000 a year and a married couple making under 150,000 a year will qualify for the full credit. Those exceeding the limit will qualify for a phase out determined by their income. To qualify you must close on the property that you are purchasing prior to April 30, 2010. It has been my experience that several of my clients had waited to the last minute to identify the home that they wished to purchase and would therefore miss the deadline of November 30, 2009. Now they have the opportunity to move forward under less stress. If you are a First Time Home Buyer or know of anyone who is, it takes at least 2 months to get to closing once a property is under contract so now is the time to look for that perfect home. If you have owned a home in the past you can still qualify as a First Time Home Buyer if not have not owned a home for the last 3 years.

Also included in the new bill is a tax credit for those who are selling their home and have lived in it as their primary residence consecutively for the last 5 of the previous 8 years and as a single person you make less than $125,000 a year and a married couple must make under $225,000 a year. Those who exceed the income limits will be subject to a phase out determined by their income. To qualify you must also have the new property under contract by April 30, 2010 but unlike the First Time Buyer Program, you have until July 1, 2010 to close. This change addresses the issues we encountered in the First Time Buyers Program. Now present home owners have the opportunity to sell a starter home and move up to their dream home while taking advantage of the markets adjustment to affordable pricing and more importantly the lowest interest rates we have seen in the last 46 years.(See Attachment) Home owners who now find themselves in a home that is too large for their needs can feel comfortable selling the larger home and downsizing to a maintainence free home.

Please contact me to answer any of your questions and please feel free to forward this information to anyone you know who is considering buying or selling a property. I am available to assist you in all of you Real Estate needs.

Take a few minutes and click on my interactive newsletter. There is a lot of "good stuff" and if you find something interesting tell your friendsd oI enjoy working with people who are looking to retire in an active community. There is so much to do in this area. There are several communities with a 15 minute drive to the "BIG" city of AC . Beautiful beaches. Don't forget there are new guidelines for tax credits. The President is signing the bill in two days that will extend the date until June 2010. Give me a call if you have someone looking to relocate to this area.

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Fall is here and we welcome the season with updates on market conditions, tax tips, info on winterizing your home, and a great pumpkin recipe you'll want to try out. As always, I invite you to check out some of the area's best properties and find out what homes are selling for in your neighborhood.

You'll also find tons of new features on the AtlanticShoreLiving.com website and again we have another great photo contest. Send us your photos! Check out this month's winner which was submitted via Twitter... submitting photos has never been easier!

If you like what you see... please feel free to forward it to your friends!

To Enjoy all the interactive features of my Real Estate Newsletter: Click Here

Thanks for tuning in to the newest volume of my monthly email newsletter!

I'm happy to provide you with lots of helpful tips and bits of local news. Don't miss the special YouTube video explaining how to cash-in on the 2009 tax credits for first time home buyers. You'll also find out about a really great online recycling group, how to detoxify your home, and how to save money and make your home energy efficient!

As always, I invite you to check out some of the area's best properties and find out what homes are selling for in your neighborhood.

You'll also find tons of new features on the AtlanticShoreLiving.com website and again we have another great photo contest. Send us your photos!

If you like what you see... please feel free to forward it to your friends!

If your having trouble viewing this email or would like to enjoy all of the interactive features of my newsletter please click here.

This article describes one of the more innovative ways of avoiding foreclosure. If you are facing foreclosure, there are several solutions available to you. The first step is to get educated on your options.

If you are facing foreclosure give me a call today.

Joseph Cacciapaglia, MLERE
Realtor Associate®
R&I Realty
15 Potter Street
Haddonfield, NJ 08033
Office: 856.795.3111 x268
Cell: 979.218.2286
Jcacci1@gmail.com