Tax Credit Extended and Expanded 

Great News!!! The $8,000 first-time homebuyer tax credit which began early this year has been enormously successful, generating an estimated 1.8 million households who claimed the tax credit as first-time homebuyers. The Senate bill extends the first-time homebuyer tax credit for another 7 months. The new legislation also provides a $6,500 tax credit for move up buyers who have lived in their current residence for five of the eight previous years.
For the first time, the new legislation makes buyers who already own a home eligible for a credit. A $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years.  

What does this mean for you?  

If you or friend are looking to find out more about buying a home for the first time-Call the Mark Jacoby Group now! Now is the time to set up a time and start the pre-approval process and discuss how to qualify for the tax credit.  

If you are looking at selling in the future-Call the Mark Jacoby Group now! This extension is set to expire April 30th and according to members of the House of Representatives “this will be the last extension”. Now may be your best opportunity to sell within the next 3-5 years. The previous tax credit, which was set to expire November 30th has contributed to over 1.8 million properties selling. We need an active inventory of homes for new buyers to tour and buy.  

If your property is currently on the market, we should expect a new influx of showing activity as the word goes out. Again, buyers have a lot of information available to them. Pricing, Condition and Location are the top contributing factors in whether a property will sell. Statistically, the longer a property is on the market, the less it actually sells for. If your agent is recommending a price adjustment now is the time to make the change to encourage buyer activity and show them you’re serious. Call us now to review.  

If you currently have owned your home for the last 5 years-Call the Mark Jacoby Group now! We have a limited timeframe to buy or sell and purchase your next home where you may qualify for a tax credit of $6500 towards the purchase of your next home.  

As always we look to provide you with up to date changes that will enhance our ability to market a property and assist us with maximizing a buyer’s once-in-a-lifetime opportunity to take advantage of this new incentive from Congress.  

Please feel free to pass along this information to your friends and family, we look forward to serving them.  

Buying a Home Requires Many Difficult Decisions. Make Sure Your real estate agents are Top Local Experts. 

Your home is probably the biggest purchase your family will ever make, and it involves many decisions that go beyond simply choosing one you like. 

As top Lancaster City and Lancaster County area real estate agents, here is how we will guide you through the entire process, from viewing homes and financing, to making sure the final contract is in your best interest: 

- You will have full access to ALL homes available on the Lancaster City and Lancaster County market, even listings not yet on the MLS, through our professional Pennsylvania real estate affiliations. 

- Our expert local knowledge of the Lancaster City and Lancaster County area should be invaluable to you, not just in terms of real estate, but also schools, neighborhoods, the local economy, and more. 

- Every local real estate market absolutely has its own trends and opportunities. This can vary greatly, even one neighborhood to the next. Lancaster City and Lancaster County are no different! It's our job to steer you into opportunities and out of traps. 

- What is the true market value of the home you are interested in? Is it priced too high? Is it a bargain that you should jump on? We help home buyers make decisions like this every day, and we'll make sure that YOU get the best value for your money. 

- Negotiating with sellers can be stressful. We will help you negotiate, so that the final contract includes your best possible terms and conditions. 

- You should know absolutely everything about the property you are buying! You and a member or my team or I will view every home that you are interested in, together. And prior to closing we will make you fully aware of any and all inspections available to you. 

- Have confidence when signing documents. Contracts are full of complicated terms and clauses that can greatly affect your future life in your new home. We will give you the full benefit of our real estate knowledge and experience. 

Let us represent your best interests in your search for a new home in the Lancaster City and Lancaster County area. While you can see a million homes on the web, actually buying your home is another matter entirely. Buyers beware! 

Ask us any question about buying a home in Lancaster City and Lancaster County. It's our job to help you! There's no obligation, and we promise to respond quickly...