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Your Personal REALTORS
All Lifelong

2143 Staples Mill Road
Richmond, VA 23230
Phone: (804) 354-6000
Fax: (804) 354-6006

Email: Office@AllLifelong.com

Testimonials

It gives me great pleasure in expressing my sincere appreciation for the rare professionalism displayed by agent, Sylvia Lambert, in negotiating the recent sale of my real estate property. Sylvia was undeterred in her efforts to sell the property. She coordinated each and every aspect with precision. She made sure that every detail was covered. In addition, her pleasant disposition and manner made things easier during difficult times. Jerome T. Cater
When I bought my first home, I was nervous and wasn't sure if it was a good decision. I was so young. Now I'm glad I had Tanya as my agent. She taught me how to use real estate as a tool to gain wealth. Now I own 2 houses and pay less for my house than what I was paying for rent at my apartment. Michael

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$239,000 4 Bed, 4 Bath Single Family Home Beautiful Renovated Brick Full Basement Ranch In Great location. Quiet cul de sac. Hardwood floors in foyer, bedrooms, living and dining room. Thr...

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What's After the Tax Credit?

Lifelong Realty, Jul 12 2010

The $8,000 tax credit is over if you didn't go under contract on a home, by the April 30th deadline.  So, what incentives do first-time home buyers have to purchase their own home?  How does up to $70,000 in grant funds sound to you?  There are several new home subdivisions that offer substantial grant funds to first-time home buyers.   A prospective buyer is considered a first-time home buyer if the buyer has not owned his or her primary residence in the past three years.  We recently helped a single mom of two children purchase a new 4-bedroom, 2 bathroom home priced at $171,701, with $57,010 in down payment and closing cost assistance.  The down payment assistance helped to bring her loan amount to about $115,000 and, with a below market interest rate, her payment was less than $800/month. 

Chances are, the government will not be providing another home buyer tax credit any time soon, but there are so many other cost saving opportunities for home buyers in today's marketplace.  To take advantage of grant funds, your household income generally needs to fall within certain income guidelines, which may be higher than you'd think.