Archive for January, 2008

Condos of Midtown | Midtown Bethesda North | Rockville, MD

Thursday, January 31st, 2008

Condos of Midtown | Midtown Bethesda North
Rockville, Maryland in Montgomery County

Mid $300,000 sales price and up
Midtown condo rental | $1,900/month
more Rockville condos

Condos of Midtown

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Midtown Bethesda North

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Condos of Midtown, Rockville Maryland

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Midtown condos, Rockville MD 20852

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Condos of Midtown in Rockville

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midtown condos in north Bethesda

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midtown condos in rockville next to Target

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Rockville condominiums:
Rockville Town Square | King Farm | Park Potomac
White Flint Station | The Sterling | The Gallery
more Montgomery County MD condos for sale

REO, pre foreclosures, short sales in Maryland, DC, and Virginia

Tuesday, January 29th, 2008

Pre-foreclosures | Short Sales | REO properties | Bank Owned
There is plenty of inventory available right now in the metro Washington D.C. area.  Expect up to a 90 day turnaround on these properties.  We are seeing more and more of these listings that make sense as an investment property purchase if you plan to hold on for the long term and rent.  Let Choice Real Estate® run rent comps for you…    Looking to purchase and live in it?  These homes are a great bargain if that’s the case.  Check out these short sales and bank owned homes, as well as these preforeclosure listings, and HUD home listings.

Sample listings:
Bank owned house in Ashburn, Virginia | $544,900

Bank owned condo in Georgetown | $519,900

Bank owned house in Silver Spring | $500,000

114 North Centre St. Martinsburg, West Virginia | BE6639633

Friday, January 25th, 2008

MRIS# BE6639633
114 North Centre Street - Martinsburg, WV
Berkeley County, West Virginia

114 North Centre Street

4 bedrooms, 1 bath
Single family detached, off-street parking for 2
$124,900

Click here to inquire about 114 North Centre Street
Solid block home with nice upgrades. Beautiful Brand new kitchen including cabinets, countertops, appliances, and flooring. New carpet, vinyl windows, water heater, doors, ceiling fans, and more. Off street parking for 2. Large lot on quiet downtown street. Some work to be completed. Great commuter location near MARC train.

Craig Smith of Keller Williams  Listing Agent, Craig Smith, Keller Williams

114 North Centre Street, Martinsburg

114 North Centre Street, Martinsburg WV

114 North Centre Street, Martinsburg West Virginia

114 North Centre Street, Martinsburg WV 25404

114 North Centre St

Inquire about 114 North Centre Street
More Martinsburg and Berkeley County, West Virginia homes for sale

Want to add a free property listing?  Click here to add your real estate for sale.

18520 Lappans Road Boonsboro, MD 21713 | WA6638063

Friday, January 25th, 2008

MRIS# WA6638063 
18520 Lappans Road - Boonsboro, MD - 21713
Frederick County, Maryland

18520 Lappans Road

3 bedrooms, 2 bathrooms
Single family detached on .57 acres
$265,000

Click here to inquire about 18520 Lappans Road
Beautiful all Brick home w/private country setting backing to farmland & trees. New custom kitchen w/granite countertops, solid pecan cabinetry, & Brazilian Chestnut floor. Hardwood floors thru-out main lvl. Updates incl. new windows, gar.door, gutters, wood stove, mstr bath, water heater & softener & more. Spacious bsmt/Rec rm. Fenced backyd w/fruit trees, new barn, shed & playset. Home Warranty offered

Craig Smith of Keller Williams  Listing Agent, Craig Smith, Keller Williams

18520 Lappans Rd

18520 Lappans

18520 Lappans Road, Boonsboro

18520 Lappans Road, Boonsboro Maryland

18520 Lappans Rd, Boonsboro MD

Inquire about 18520 Lapans Road
More Boonsboro and Frederick County MD homes for sale

Want to add a free property listing?  Click here to add your real estate for sale.

9903 Jay Lane | Bristow, Virginia 20136

Thursday, January 24th, 2008

9903 Jay lane

4 bedrooms, 2.5 bathrooms, 3 finished levels, 3,158 sq ft
Single family detached, 2/3 of an acre
$489,900

Granite counter tops, hardwood floors, tile floors, new carpet, recently renovated bathrooms, 3 finished levels, built-in bookcases, french doors. Basement includes two large rooms with full size windows and doors to back yard.

Inquire about 9903 Jay Lane

9903 Jay Lane, 1  9903 Jay Lane, 2

9903 Jay Lane, 3  9903 Jay Lane, 4

9903 Jay Lane, 5

Inquire about 9903 Jay Lane 
More Prince William County homes for sale

Want to add a free property listing?  Click here to add your real estate for sale.

-SOLD-12957 Clarksburg Square Rd Clarksburg, MD 20871

Thursday, January 24th, 2008

12957 Clarksburg Square Road

3 bedrooms, 3 bathrooms
Townhome
 
$399,000 SOLD, do not inquire

12957 Clarksburg Square Road
Clarksburg, Maryland 20871

Make me an offer. Beautiful townhouse, 2 blocks from residents club with a large pool and gym. Very close to schools and major shopping. 3 level townhome, Wash/Dryer included on top floor for easy laundry. Sunny kitchen, great views. Clean, empty and ready for move in. Many pictures available.

Inquire about 12957 Clarksburg Square Road 
More Clarksburg townhomes for sale | Clarksburg single family homes

Want to add a free property listing?  Click here to add your real estate for sale.

Tax planning for 2008

Thursday, January 24th, 2008

With signs increasingly pointing to the likelihood of an economic slowdown, possibly even a recession, Congress and the White House appear to be in broad agreement that some kind of stimulus is needed. The idea of a tax rebate of some kind has been mentioned by both, making it a pretty good bet.  The President was reported to have been thinking about a rebate of as much as $600 for individuals and $1,200 for married couples.  Numbers being floated from Congressional leaders are for somewhat smaller payments.  Despite the agreement in principal, there is likely to be disagreement over such particulars as whether the rebate will be the same for all and to whom rebates will go.  If these issues are resolved, how soon might you get a rebate check? Predictions are that even if there is swift approval of a rebate plan, checks would probably not start going out until the middle of the year. 

Take advantage of retirement account opportunities
Maximum deferrals for 401(k) and 403(b) retirement plans are $15,500 ($20,500 for those over 50) for 2008, the same as in 2007. However, the contribution limit for both deductible IRAs and on deductible Roth IRAs increases in 2008, to $5,000 ($6,000 if over 50). The 2008 income phaseout range for Roth IRA contributions is $101,000-$116,000 (modified AGI) for single taxpayers and $159,000-$169,000 for couples.

Note the new rules on forgiveness of mortgage debt
We are hoping that solutions will be found to keep more homeowners out of foreclosure, but for those who succumb, the tax law will be more forgiving for a while.  When a home is sold and the proceeds are not enough to cover the loan balance, if the lender discharges (forgives) the difference that amount has been treated as taxable income.  Legislation passed late in 2007 would exclude from taxable income discharges after January 1, 2007 through 2009 on debt on a home. The special rule applies to discharges of up to $2 million in indebtedness, so long as the debt was incurred in the acquisition, construction or substantial improvement of a principal residence.  Discharges of debt on vacation or other second homes, on home equity debt, or on cash-out refinancings (if the purpose was not for home improvement) would not qualify for the special treatment. 

Surviving spouses get homeowner exemption relief
The same legislation now gives a surviving spouse two years to sell a home that was owned and occupied jointly and still be able to take the full $500,000 married persons capital gains exemption. Previously, the exemption could only be taken in the year in which the deceased spouse was on the joint tax return. A surviving spouse, in any case, gets a step up in the tax basis of the home to the then-current fair market value for the deceased spouse’s share (generally half) of the home.

Watch out for attack on “McMansions”
With home sales under pressure, you would think that the real estate market could look for some help from Congress, rather than an attack. In general, that has been the case, but worth watching is a proposal to eliminate the mortgage deduction for big homes, sometimes referred to as “McMansions.” The proposal’s target, U.S. energy consumption and global warming, may help the attack win an unusual amount of support.
© 2007, Real Estate Information Services, Capitol Assets, Choice Real Estate, Inc. & Choice Real Estate of VA, Inc., & Choice Finance®

Young Strasser, Choice Real Estate®    Young Strasser, Choice Real Estate®

Auto mileage deduction for 2008 | 50.5 cents per mile

Wednesday, January 23rd, 2008

Auto mileage deduction increases for 2008
High gasoline prices are once again fueling an increase in the mileage allowance for business use of a vehicle.  For 2008 it has risen to 50.5 cents per mile, from 2007’s 48.5 cents per mile.  The rate for using your car for charity stays at 14 cents per mile, as set by law. The rate for use of a car for deductible medical reasons and for determining moving expenses is 20 cents per mile for 2008. 
© 2007, Real Estate Information Services, Capitol Assets, Choice Real Estate, Inc. & Choice Finance®

Also see mid-year Housing Market outlook, june 2008

Kentlands condos | Kentlands townhomes

Monday, January 21st, 2008

Condos and townhomes in the Kentlands, Maryland
Gaithersburg, MD  20878

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Welcome to the Kentlands!

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3 bed 3 bath on Booth Street, kentlands

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KENTLANDS condos, Kentlands Maryland

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The Colonnade, Cheyenne model condo for sale

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Kentlands, Maryland condominiums

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3 bed 3 bath Kentlands townhome on Hart Road
4 bed 3 bath Kentlands townhome on Chestertown Street

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Kentlands Maryland townhomes

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Kentlands MD townhomes for sale

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Kentlands Town houses

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Commercial townhome in the kentlands, on Main Street

Kentlands Square shops, restaurants, offices, retail

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White Flint Station | The Sterling | The Gallery

Monday, January 21st, 2008

Rockville, Maryland condos for sale | Condominiums

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White Flint Station by Toll Brothers
White Flint Station condo for sale, 11800 Old Georgetown Road
White Flint Station condo, North Bethesda, 11750 Old Georgetown Rd

White Flint Station by Toll Brothers

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White Flint Station, Rockville

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White Flint Station in Rockville, Maryland

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back of White Flint Station, swimming pool, Rockville MD

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White Flint Station garages, Rockville

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The Gallery at White Flint Place

The Gallery condo for sale, 11710 Old Georgetown Road
The Gallery, North Bethesda condominium listing

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The Gallery at White Flint Place

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The Sterling at the Metro

The Sterling, Rockville condominium near the Pike (355)

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The Sterling at White Flint

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The Sterling, The Gallery, Rockville Maryland

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Go North up the pike and see the Condos of Midtown | Bethesda North
West on Montrose Road to Park Potomac Place condos