MacDill AFB Moves

WASHINGTON – April 28, 2010 – Members of the military, foreign service and intelligence communities may have an additional year to buy a home and claim the homebuyer tax credit – up to $8,000 – that expires for most Americans on April 30.

To qualify for the extended tax credit deadline, service members must have served on official extended duty outside of the United States for 90 days or more at any time between Jan. 1, 2009, and April 30, 2010. If so, they have until April 30, 2011, to sign a sales contract, and until June 30, 2011, to settle and close on the home. The rule includes both the $8,000 first-time and $6,500 repeat homebuyer tax credit.

Under the law, “qualified service members” includes those serving in the uniformed services of the United States military, a member of the Foreign Service of the United States or an employee of the intelligence community.

The rule that requires buyers to repay the credit if they move out of their home within three years has also beMACDILen waived for qualified service members if they must sell their home after receiving government orders for extended duty service.

© 2010 Florida Realtors®

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There are many good deals I’m seeing in the South Tampa market today that are foreclosures and short sales.  The short sales are a bit trickier to land, but I’ve experienced some recent success getting the lender to accept a low offer.  I just had one approved that was listed at $165K and we offered $135K.  The buyer thought I was crazy sending him that one because he was only approved at $135K.  I told him that you never know what they will take until you submit an offer.  To his delight, they accepted the $135K and he ended up getting the opportunity to own a much nicer home than he thought he would get.  It even had a very nice pool.  Foreclosures, REO’s (Real Estate Owned), and Bank Owned properties which are all the same thing, are a little easier to pick up.  Typically, we are seeing a 48 hour turn around on a response from the bank to an offer.  Unfortunately, you are up against cash buyers most of the time on the really good ones, but many will accept conventional financing and FHA.  Most are in an unacceptable condition for FHA, but not the FHA rehab loan which is becoming more and more popular.  I would be happy to go over any of the above information more in depth with you if you have interest in looking at your options.

Exit Bayshore Realty is rolling out the MacDill AFB Mover’s Rebate Program.  We will rebate a portion our commission when you buy a home from us.  This offer is extended to active and retired Military and anyone working on or affiliated with MacDill Air Force Base.  Our program is of more benefit to home buyers than the USAA Mover’s Advantage and Navy Fed’s Realty Plus programs as we don’t require you to use a certain lender or title company.  You choose to use whoever you wish which enables you to receive special incentives on financing at times and can save you money on your closing costs.  For more information about this program, feel free to contact Lewis Stewart at 813-839-6969.

Welcome to MacDill Air Force Base and the beautiful state of Florida! MacDill Air Force Base is located eight miles south of Tampa on the Southwestern tip of the Interbay Peninsula in Hillsborough County.

The region is referred to as “Tampa Bay,” which is a seven-county region on Florida’s west coast offering a variety of communities. The counties of Hernando, Hillsborough, Manatee, Pasco, Pinellas, Polk and Sarasota come together to shape a vibrant market where lifestyle options reflect the best of what Florida has to offer. The location of MacDill is ideal for tourism. The area is filled with activities that can be enjoyed by the entire family. Everything from parks, museums, concerts and a healthy nightlife can be found here.

MacDill AFB is home of the United States Air Force Air Mobility Command (AMC) 6th Air Mobility Wing (6th AMW) and is a part of the AMC’s Eighteenth Air Force.

The 6th AMW is a 3,000-person force capable of rapidly projecting air refueling power anywhere in the world. They are organized into five groups in order to carry out their mission to be America’s premier mobility team providing world-class air refueling, responsive airlift and airbase support to Headquarters U.S. Central Command, Headquarters U.S. Special Operations Command and 51 other mission partners that all call MacDill home.