557 East Lake Circle

1st Floor Living! Balcony overlooks the water. Super nice. Large kitchen, great room and high ceilings. Very spacious master.

$150,000.00 2 bedrooms, 1 bath

5949 Whitney Boulevard

Corner Lot! Selling "as is" needs repair. Cash or 203K loan could be the way to purchase this home. Inground pool. All Brick.

$165,000.00 3 bedrooms 2 baths

Visit http://www.cookiessweethomes.com for other properties.

1333 Old Atlantic Avenue

Being built now! Buyers can pick vinyl, carpet and countertops from builders selection. White washer and dryer convey. Built on a crawl. Listing agent is related to seller.

$215,000.00 3 bedrooms, 2.5 baths

2828 Lake Drummond Causeway, Chesapeake

$769,900.00 Unbelievable Home! 5200 sq. ft. under roof /5 bedrooms and 3.5 baths. Built in 2005.

Fireplace in Master Bedroom & Bath. Many custom features. Plus detached garage with 2 bedroom, 1 bath, living area, kitchen, sunroom, and screened porch. To view this and many other fine homes for sale, please visit http://www.cookiessweethomes.com/ or view our virtual tour at http://www.2828lakedrummondcauseway.com/

1+ Acr Rivertown Road, Sussex

New Construction to be built! Ranch to be built on a crawl. Hurry to be able to pick vinyl, shutters, carpet, kitchen counters and appliance colors.

$130,000.00 3 bedrooms, 2 baths. 1260 sq.ft. Visit http://www.cookiessweethomes.com/ for more info.

3417 Ballahack Road

$199,890.00 Seller wants any and all offers! Ready to build your dream home. Septic pre-approved. Horses allowed. Appx. 3 acres. Visit http://www.cookiessweethomes.com/ for valuable real estate information.

$8000.00 Home Buyers Tax Credit

• The tax credit is for first-time home buyers only. (See definition of first time buyer below)
• The tax credit does not have to be repaid.
• The tax credit is equal to 10 percent of the homes purchase price up to a maximum of $8,000.
• The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009.Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
• What is the definition of a first-time home buyer?The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.
  For example, if you have not owned a home in the past three years but your spouse has owned a principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit. However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter. Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.
• Who is eligible to claim the tax credit? First-time home buyers purchasing any kind of homenew or resaleare eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the title to the property transfers to the home owner.
• Are there any income limits for claiming the tax credit?The tax credit amount is reduced for buyers with a modified adjusted gross income (MAGI) of more than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return. The tax credit amount is reduced to zero for taxpayers with MAGI of more than $95,000 (single) or $170,000 (married) and is reduced proportionally for taxpayers with MAGIs between these amounts. (Suggestion: call tax professional)
• What types of homes will qualify for the tax credit?Any home that will be used as a principal residence will qualify for the credit. This includes single-family detached homes, attached homes like townhouses and condominiums, manufactured homes (also known as mobile homes) and houseboats. The definition of principal residence is identical to the one used to determine whether you may qualify for the $250,000 / $500,000 capital gain tax exclusion for principal residences.
• I read that the tax credit is "refundable." What does that mean?The fact that the credit is refundable means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit.
• Can I claim the tax credit if I finance the purchase of my home under a mortgage revenue bond (MRB) program such as VHDA?Yes. The tax credit can be combined with the MRB home buyer program.
  I am not a U.S. citizen. Can I claim the tax credit?Maybe. Anyone who is not a nonresident alien (as defined by the IRS), who has not owned a principal residence in the previous three years and who meets the income limits test may claim the tax credit for a qualified home purchase. The IRS provides a definition of "nonresident alien" in IRS Publication 519
  Is a tax credit the same as a tax deduction?No. A tax credit is a dollar-for-dollar reduction in what the taxpayer owes. That means that a taxpayer who owes $8,000 in income taxes and who receives an $8,000 tax credit would owe nothing to the IRS.
• I bought a home in 2008. Do I qualify for this credit?No, but if you purchased your first home between April 9, 2008 and January 1, 2009, you may qualify for a different tax credit.
• Is there any way for a home buyer to access the money allocable to the credit sooner than waiting to file their 2009 tax return? Contact your CPA or tax preparer!Yes. Prospective home buyers who believe they qualify for the tax credit are permitted to reduce their income tax withholding. Reducing tax withholding (up to the amount of the credit) will enable the buyer to accumulate cash by raising his/her take home pay. This money can then be applied to the downpayment.

2007 Awards

I have recently received the following awards for my real estate achievements in 2007: Resale Division Top Sales Agent, Resale Division Top Listing Agent, Directors Club, Outstanding Individual in Sale, Special Achievement Individual Listings and Top Producing Agent. Let me put my expertise to work for you. Give me a call or visit http://cookiessweethomes.com/.