About Roanoke City County, VA

I would like to give the credit for this video to:

Matt Stigliano

San Antonio, TX

RERockStar.com

Buyers are calling me to get more info about the tax credit extension! This is great news. The credit extension should help the market significantly. I am especially excited about the new $6500 credit for existing homeowners who buy another primary residence. Many of my clients were upset to find out that they did not qualify for the credit thefirst time around. Existing homeowners make up about 80% of our market so I expect this new credit will be taken advantage of on a much larger scale.

The 1st Time Home Buyer Tax Credit has been extended! Great News for Roanoke Virginia Home Buyers. The first time Home Buyer Tax Credit has not only been extended but it has been expanded. The old tax credit only applied to first time home buyers. The definition of first time home buyer was defined as someone who had not owned a home in the past three years. There were income limits that did not affect most of the first time home buyers in the Roanoke Virginia area but those income limits have been raised with this new extension.

The new tax credit has been extended till April 30, 2009. This extension is somewhat different than the current tax credit in that you must have a ratified contract by April 30, 2010 and you must close that loan by June 30, 2010.

The expansion of the tax credit is a $6,500 tax credit for anyone buying a home, even existing home owners with a few caveats......

1) They must have lived in their previous home for 5 of the last 8 years. (I have no idea why)

2) The new purchase must be the buyers new primary residence.

3) There are income limits that apply but they are greatly expanded and will not affect most Roanoke area residents.

I do have a CPA available to answer any questions you, your family or friends might have so please don't hestitate to call.

Damon

Two agents in my office in Roanoke VA have started a new listing system for land for sale in Bedford County, Franklin County and Botetourt County VA. This is an exciting and unique land for sale listing system that has never been used for land in Botetourt, Franklin or Bedford Counties.

A rough overview of the "M.A.P land for sale" listing system can be found on their website-

www.valotsandland.com

This is not a limited service listing idea but a revolutionary "land for sale" listing idea strictly for lots and land for sale in the Counties of Bedford County VA, Franklin County VA and Botetourt County VA.

In today's tough economic times it seems that sellers are looking for more ways to offer their land for sale, expose it to the market in new and innovative ways without spending a ton of money doing it. Toney and Tony (kind of funny isn't it) have put genuine thought and innovation into a system to help these sellers offer their land for sale and do it in a way with maximum exposure and limited cost.

For more information about lot and land listings in these area, or other areas of the Roanoke Valley, please do not hesitate to contact me!

Damon

Whether you are a fan of the 1st Time Home Buyer Tax Credits or not, (I am not) we all have to admit that they directly impact the sales of homes.

The news media, REALTORS and lenders have all been spreading the word for the last week about Congress extending the tax credit till next April and expanding it to include people who were not 1st time home buyers. The problem with everyone telling a story that has not become a reality is that they have effectively stalled the market until Congress makes a decision and writes it into law. At this time, this has not happened. Any rumor to the contrary is strictly that.....rumor.

I urge everyone to contact your Congressmen and urge them for a resolution. Vote one way or another...at this point I really don't care which (although I am against it). Just make a decision and stick to it. Let us move on with life instead of keeping us in this limbo stage.

Thanks, my vent is over!