HOME PAGE Updated 11/11/2009  
 

 

      

 

 Your Personal Maryland REALTOR®
One stop shopping for all your real estate needs

**********BREAKING NEWS**********

The Federal Tax Credit Has Been Extended 

New Legislation

New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:

  • Extends deadlines for purchasing and closing on a home.
  • Authorizes the credit for long-time homeowners buying a replacement principal residence.
  • Raises the income limitations for homeowners claiming the credit.  

Under the new law, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2010 and close on the home by June 30, 2010. For qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 return.  

For the first time, long-time homeowners who buy a replacement principal residence may also claim a homebuyer credit of up to $6,500 (up to $3,250 for a married individual filing separately). They must have lived  in the same principal residence for any five-consecutive year period during the eight-year period that ended on the date the replacement home is purchased.

People with higher incomes can now qualify for the credit. The new law raises the income limits for homes purchased after Nov. 6, 2009. The credit phases out for individual taxpayers with modified adjusted gross income (MAGI) between $125,000 and $145,000 or between $225,000 and $245,000 for joint filers. The existing MAGI phase-outs of $75,000 to $95,000 or $150,000 to $170,000 for joint filers still apply to purchases on or before Nov. 6, 2009.

Bob Burkhard provides the most comprehensive information about real estate in the Greater Baltimore Area...Howard County, Anne Arundel County, Baltimore City, Baltimore County, and Carroll County. Whether you are selling your home or property, buying a home or property, or looking for investment property, Bob Burkhard can help. You can count on us for superior, informed, professional real estate services.

Buying or selling a home is a very important event that can lead to stress as well as great happiness. You need a professional, experienced agent to represent your interests. I have been in the real estate business as an investor or as an agent for over 20+ years. I personally invest in residential homes that need updating and modernizing, and am familiar with the whole process of purchasing, financing, and selling real estate. Let my many years of experience help you make smart real estate decisions. I would be pleased to have the opportunity to assist you in finding the perfect house for your needs or to sell your present house. Your first big decision is to select the right real estate agent to represent your interests.

I am not like every other agent. You won't get lost in the shuffle. You will enjoy my personal, friendly, non-pressured approach. I believe it is necessary to go beyond the ordinary and the expected. I am ready to work with you and your family to ensure success during your real estate transaction. I am well versed in the Howard and Baltimore areas of Maryland. My clients have been very happy with my complete and total commitment to their needs. Allow me to work with you and show you how one of the biggest steps in your life, can result in some of the best memories in your life. My objective is always to help you make wise real estate decisions, by providing timely information, education, and advice.

I am committed to making this experience pleasant and successful. I am easy to contact either by email or by my cell phone. You will be pleased by my quick response.

Selling the Baltimore area and beyond, one home at a time.