Who gets the $6,500 credit?
-Non-first time home buyers who have lived in their previous residence for at least 5 years out of the past eight but are selling that home and buying a new home by May 1, 2010. The new home must be used as a primary residence.
Who gets the $8,000 credit?
-First time home buyers who purchase a home before May 1, 2010. The new home must be used as a primary residence.
Which properties are eligiable?
The Extended Home Buyer Tax Credit can be applied to primary residences, such as single-family homes, townhomes, condos, and co-ops.
The tax credit is determined two ways.
1. The price of the home.
2. The buyer’s income.
*Credit may only be given for homes purchased for $800,000 or less.
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Many homeowners believe that winter is a terrible time to sell a house. The time leading up to Thanksgiving and ending at New Year’s day can be a terribly slow time for buyer interest and activity. Just too many distractions. But January and February can be a good time to have a well cared for properly priced home on the market. Typically there are fewer homes listed during this time meaning you will have fewer homes to compete with. The buyers who are looking at this time of year are generally serious prospects. They are out sloshing through inclement conditions and braving the cold. They often are being transferred to the area for work, or have finally sold a home they have had on the market and must get into a new home. Often the buyer may have been searching all year and is simply ready to finally pull the trigger. These are the prospects you want to see your house, ready willing and able prospects. If your home is not listed they will not see it. Listing in January or February also gives you a little headstart on the rush of homes that normally hit the market in March and April. It provides your realtor time to get your marketing plan in action, to raise awareness of your home to other realtors through e-marketing, broker opens and lots of personal telling and personal selling. Once you have decided to sell your house and are trying to determine a good time to list it with a broker always remember,,, you can’t sell it if it’s not for sale.
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Jimmy White is a resident of Prospect Bay and takes much pride and pleasure in specializing in home sales in this special community. For a complete tour of the community, country club and facilities and to see any of the homes currently available in Prospect Bay contact Jimmy direct at 410-320-3647 or by email at jimmywhite@longandfoster.com.
Follow the links below to see homes currently for sale in Prospect Bay as well as for more information on the Prospect Bay Country Club.
CLICK HERE for a listing of homes for sale in Prospect Bay.
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601 Prospect Bay Drive East
Secluded from the demands often associated with urban life yet close enough for convenient travel to Annapolis, Washington and Baltimore, Queen Anne’s County is a place where residents and visitors can set their own pace of life. The area reflects both beauty and history whether exploring the surrounding Chesapeake Bay and its fabulous destinations, the natural plant and wildlife, or the many up-scale properties that adorn the landscape.
Back Yard / Greenwood Creek
Within the exclusive private community of Prospect Bay and sited on Grasonville’s Greenwood Creek – is a sprawling colonial estate that could serve as the setting of a classic novel. When approaching the property’s long, circular driveway, a distinguished presence is felt as five acres of beautifully preserved land, against a scenic waterfront backdrop, are revealed. One can’t help but also be drawn to the home’s timeless wrap-around porch.
“This home has amazing curb appeal that immediately sets the mood,” said Jimmy White, the Long & Foster representative handling the offer for sale on behalf of the property owners. “The acres of greenery and magnificent view of Greenwood Creek are incredibly soothing.”
The outside of the home is complemented by a logical, well-appointed style that flows throughout its interior. Stunning crown molding and chair rails, hardwood floors, plenty of natural light, and vaulted ceilings are found throughout the home, while individual rooms also boast their own distinct qualities.
Dream Kitchen
The kitchen – complete with state-of-the-art stainless steel appliances, granite countertops, and spacious wood cabinetry – and dining area offer an exquisite waterfront view with ample space for entertaining. The warmth and comfort felt in these rooms extends to the adjacent waterfront family room with cathedral ceiling and walls of glass. An abundance of windows line much of the home taking full advantage of its carefully planned placement along the shoreline.
Unique to this particular home’s floor plan is the incorporation of two master bedrooms. A master suite is located on both levels of the home. Each contains spacious closets, luxurious master bathrooms, and dynamic views. In total, the home has five bedrooms – his and her ground floor offices, a custom deck overlooking the water, and a detached over sized three-car garage. Above the garage is a finished bonus room with 600 feet of additional living space.
Private Dock with Lifts
The property’s 250 feet of prime shoreline includes a private 70-foot dock with lifts. There is three-plus feet of water to accommodate a variety of watercraft. The property also welcomes horses and has a no-maintenance, four-stall barn. Vinyl fencing currently encloses grazing and riding areas with outdoor spotlights on three sides for night riding.
For prospective buyers interested in a home that conveys gracious simplicity on the exterior and splendid personality on the interior, this home is a must see.
For more information on this property, including more pictures, please visit: www.JimmyWhiteHomes.com.
For your private tour of 601 Prospect Bay Drive East, Grasonville Maryland call Jimmy White. 410-320-3647
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Buyers
Spring has returned to Maryland’s Eastern Shore and appears to be bringing prospective buyers to the local real estate market. Interest in homes located in the three closest counties east of the Chesapeake Bay Bridge spiked in the past 2 weeks as mass media reports of lower interest rates, stock market stabilization and tax incentives for first time home buyers raised confidence. Jimmy White, a realtor with Long and Foster on Kent Island believes the recent news is what prospective buyers have been waiting for. “There is tremendous pent up demand among buyers who have been reluctant because of economic news,” said White. “The fact is that there are many qualified buyers who are now feeling more comfortable going after their first home or a bigger home, or a waterfront or second home east of the Bay Bridge. “Those buyers are finding a wide selection of homes offered, many at refreshed prices, ranging from the mid 200’s to multi-million dollar estates. There are a number of condo-town house communities with amenities like club houses, pools, tennis and walking paths. Several, including Queens Landing and Oyster Cove, offer waterfronts with spectacular views and deeded slips. White says this type of unit is perfect as a weekend retreat and is an alternative to the two or three hour drive to Ocean City. “My wife and I had condos in Ocean City while our children were growing, up but when we became empty nesters that long drive and the crowds were not as much fun, that’s when we bought a waterfront in a golf course community.”
Within a short distance of the Bay Bridge there are several private communitys including Cove Creek Club, SouthWinds, Bennett Point and Prospect Bay, which is home to the Prospect Bay Country Club. Golf is also available at the semi private Atlantic Golf courses of Queenstown Harbor and the private club, Hunter’s Oak. The local towns of Stevensville, Chester, Queenstown and Grasonville comprise the Kent Island area which still has an island feel with many waterfront restaurants and cafes. ”The Eastern Shore is a wonderful place to live or own investment property and with rates as low as they are, the selection as good as it is, and the tax incentives now offered, it is a great time buy,” said white adding, “and ya know, the sky is just a little bluer on this side of the Bridge.”
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