This new initiative will continue the current $8,000 first time home buyer credit to eligible participants until 2010- July 1, 2010 to be exact, which is when all closings must have occurred. In order to be eligible for this credit, you must have the property under contract no later than April 30, 2010.

It has also expanded the credit to current home owners. Anyone who has used their residence as a primary residence consecutively for 5 our of the last 8 years are also eligible for a tax credit when making their next home purchase. This is a $6,500 credit and the same deadlines still apply; April 30, 2010 for homes to be under contract, and July 1, 2010 for the sale to have closed.

Many of the details are explained in the following PDF document- please contact me with any specific questions!

Click here to download the November 7, 2010 Extended and Expanded Tax Credit.

Related posts:

1. Great Chart On Credit Scoring; Check this out if your credit might be in danger
2. Answer these questions to determine if purchasing a bank owned home/foreclosure is right for you…
3. New Forms to Claim The First-Time Homebuyer Tax Credit

A change of address can bring instant gratification. You could wake up tomorrow in Missoula and kayak off your own deck at dawn, sneak in singletrack at lunch in Chattanooga—or choose your own adventure in any one of the country’s best base camps. But a move is a long-term investment. So this year we selected 50 innovative towns that aren’t just prime relocation spots right now, but smart choices for the future. Not only do they have the action. They’ve got a plan. Now we’re giving you a plan too. Inside, you’ll find hometown picks that range from adventure 24/7 hubs loaded with outdoor options to urban players that offer a variety of jobs and cultural activities without sacrificing green space. You’ll also hear from recent transplants who made the move and have a better quality of life to show for it. So go on—get packing.

It remarks about Charlottesville;

“Leave all the afternoon for exercise and recreation.” So said resident Thomas Jefferson, and no wonder—he had the Blue Ridge Mountains out back. Today, University of Virginia grads follow his advice in the lush hills of Shenandoah, while city planners protect urban forest and build new trails.”
Population: 40,315 
Median home price: $279,500 

Go to read the full article here!

Related posts:

1. According to Bestplaces.Net and Mens Journal Magazine, Charlottesville Ranks #5 For Healthiest Towns in the U.S.
2. Shenandoah National Park
3. Blue Ridge Outdoors Reader Poll Reveals Several Charlottesville Favorites!

 All indices are based on an average of 100; cost of living and violent crime based on national average, test scores based on state average.    

Related posts:

1. Money Magazine Names Charlottesville in the Top 50 Places to Launch a Small Business
2. Before beginning a new home improvement project- Check this list!
3. Trying to Utilize FHA Financing? Check this List of Condo Communities to See if They’re Approved!