Welcome to Keller Williams Realty 

Featuring: Mike Turner's Web-site for all of your needs 
A home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk through the front door. And the way you can instantly envision your life unfolding there.

 SERVING NORTHERN VIRGINIA

Having an agent who is committed to helping you buy or sell your home with the highest level of expertise in your local market. This is about more than
real estate. It is about your life and your dreams.
This means also to help you in understanding each steps
The buying or selling process.

 We appreciate the opportunity to earn your business.

Keller Williams Realty takes a different approach to real estate, one that is built on personal touches, win-win deals and positive results.

Mike Turner utilizes the latest technologies, market research and business strategies to exceed your expectations. More importantly, we listen and that means we find solutions that are tailored to you.

  Whether you are an experienced investor or a first time buyer, I can help you in finding the property of your dreams. Please feel free to browse my website
Thanks for starting your real estate search with us.
This website is full of information for you whether you are looking to buy or sell.

Home Buyer Tax Credit 
 As the deadline for the First-Time Homebuyer Tax Credit crept closer, it became a clear priority on the Hill. An extended and expanded home buyer tax credit is a part of a larger bill that also extends unemployment benefits. This bill was signed by President Obama on
Friday, November 6. 

 

The bill essentially remains intact but has a handful of important changes:

  
 
Previous Provisions
 

 

 New Provisions
Effective Date January 1, 2009 November 7, 2009
Deadline Close before December 1, 2009
  • Contract signed before May 1, 2010, must close before July 1, 2010
  • Members of the uniformed services, foreign services, and intelligence employees who served an extended service of 90 days will have until April 30, 2011 and June 30, 2011.
Amount
  • First-Timers: maximum of $8,000 or 10% of sales price
  • Prior Owners: $0
  • First-Timers: Unchanged
  • Prior Owners: $6,500 if lived in prior home for at least 5 consecutive years of past 8 years
Income Limit
  • Individual: $75,000
  • Couple: $150,000
  • Individual: $125,000
  • Couple: $225,000
Other Restrictions Home must be primary residence for at least 3 years. If home is sold or buyer moves before 3 years, must re-pay full $8,000.
  • Buyer must be at least 18 years old and not classified as a dependent for tax purposes
  • Home must cost less than $800,000
  • Home must be primary residence for at least 3 years. If home is sold or buyer moves, before 3 years, must re-pay full amount of credit. Exception for military, foreign services, or intelligence with extended 90 days service overseas.
How to claim If purchased in 2009, by amending 2009 tax return or claiming on 2010 tax return If purchased in 2010, by amending 2010 tax return or claiming on 2011 tax return

 Earlier this year, KW Research conducted a study of first time-buyers and here’s a few of the findings:

  1. The median age was 28, significantly down from where it was four years ago at 32.
  2. Location or Neighborhood was the No. 1 “must-have” for 36% of buyers.
  3. 25% saw 5 or less homes before writing an offer, the average buyer saw 10 homes.  
  4. 2 out of 5 first-time buyers purchased a distressed property.
  5. 2 out of 3 sellers paid at least part of the buyer’s closing costs.
  6. 1 in 4 had help from their family for the down payment.
 If you’re interested in learning more about the new tax credit or about homes in your area After you have had the chance to review this information, contact me so I can tell you more about how I can help.I appreciate the  opportunity to earn your business
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