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• What did we do in 2009? closed 49 transactions

2009 Economic Stimulus Plan
18 February 09 03:05 PM | Elena & Kirill Gorbounov(a) | 0 Comments   

Four important points: 1) Tax credit to First Time Home Buyers is $8,000 (tax deduction) and it does not have to be repaid if you live in the property at least 3 years (valid until December 1st 2009). fyi: if you owe less than 8K in taxes then the government will send you the difference in the mail!!! 2) Home improvement tax credit (e.g. if you were to spend $4500 in home improvement that would result in a more energy efficient home then the government will give you a 30% tax write off of $1500 - the maximum). Improvements that qualify ... energy efficient exterior doors and windows, insulation, heat pumps, furnaces, central air conditioners and water heaters. 3) FHA limits raised to $625,500 across US. If you are unfamiliar with what an FHA loan is here are the highlights: 3.5% cash investment, seller subsidy for closing cost is doable, must be principle residence, etc. Another option is purchase a HUD property and they can tack on $35K (i.e. buy a property that is 50 cents on a dollar and use the money to do the necessary improvements to make it habitable). Furthermore, you can add energy efficient fyi: NAR's monthly official forecast as of February 3: Average 30-year fixed mortgage rate by mid-2009: 5.2% Read More...

Filed under: northern virginia, skyline, tax credit, 2009 Economic Stimulus, elena gorbounova, NOVA, tax deduction, first time buyer, skyline square, kirill gorbounov, elena, Plan, first time, stimulus, kirill, FHA limits, buyer, FHA, principle residence, forecast, HUD, mortgage rate, sellller subsidy, investment

Time to buy?
07 February 09 03:58 PM | Elena & Kirill Gorbounov(a) | 0 Comments   

Real Estate is not Stock Trading and either way speculators never outperform the market in the long run even in stock trading. Even if you get one market turn correctly it doesn't mean that you will see the next one. Know that Slow and Steady Wins the Race!!! Read More...

Filed under: Real Estate, housing, arlington, skyline square, kirill, Virginia, falls church, appreciated, skyline plaza, skyline house, marketket

What did we do in 2009?
31 December 08 12:14 PM | Elena & Kirill Gorbounov(a) | 0 Comments   

December 31st, 2008 According to the National Association of Realtors (NAR) the average agent closes 4 transactions a year. We (Elena & Kirill) closed 49 transaction in 2008! Read More...

Filed under: What did we do in 2009? closed 49 transactions, kirill, NAR, 2008, closes, agent, average