For many people, buying a home after retirement is not on the agenda. But with the final days of the tax credit upon us, it may be time to take a second look at purchasing a home. In the boom days of the real estate market, many couples who were retiring decided to sell their homes at top prices. But, instead of buying, they chose to rent or maybe even spend time travelling. Well, now maybe a perfect time to become a first time home buyer… again!
If you have not owned a principal property in the last three years, you may qualify for the American Recovery and Reinvestment Act's (ARRA) $8000 Tax credit for first time home buyers. Time is quickly coming to a close on the program that is scheduled to end on December 1st. That means if you are considering buying a home you must close no later than November 30th. First time home buyer can qualify for a tax credit of 10% of the purchase price. The maximum credit is $8000. You can find more information in the previous blog, Attention First Time Home Buyers in Franklin and Bedford County, VA! This is good news for retirees that may be ready to purchase a home again!
Smith Mountain Lake is a wonderful place to retire! There are many different types of communities and homes to choose from. With award winning golf courses to beautiful wineries, Franklin and Bedford County in Virginia are wonderful places to call home. If you are looking for an income producing property , there is even a winery for sale with a great family home on site. With the tax credit incentive; the time is perfect to purchase a retirement home now! Home prices are still low, but are starting to rise. In order to qualify for the ARRA, you should begin the contract process no later than October 15th! There is still time to find that perfect home!
Golfing, fishing, hiking and boating are all wonderful ways to spend your golden years! Franklin County and Bedford County offer all of that and more! If you want to see what kind of home can meet your retirement needs call Vicki Millehan! She has lived in Smith Mountain Lake for over 20 years and has been lake properties for over 18 years! Come for a visit, if you like it- move here!!
Golfing, fishing, hiking and boating are all wonderful ways to spend your golden years! Franklin County and Bedford County offer all of that and more! If you want to see what kind of home can meet your retirement needs call Vicki Millehan! She has lived in Smith Mountain Lake for over 20 years and has been lake properties for over 18 years! Come for a visit, if you like it- move here!!
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