Congress Passes Extensions – Homebuyer Tax Credit & Flood Insurance

Good news!  On Wednesday the U.S. Senate approved a bill extending the closing deadline for home buyers trying to take advantage of the tax credit.

The Senate approved the bill that extends the closing deadline for eligible home purchase contracts.  On Tuesday the U.S. House of Representatives passed the bill, and it now goes to President Obama for his signature.  The deal will give home buyers with contracts signed by April 30, 2010 until September 30, 2010 to close on their purchases and still get the tax credit, which is $8,000.00 for first time home buyers and $6,500.00 for homeowners buying a new primary residence.

In addition, the U.S. Senate has passed the National Flood Insurance Program Extension Act of 2010 (H.R. 5569) an extension of the National Flood Insurance Program until September 30, 2010.  This will allow transactions to move forward.  The bill is retroactive and covers the lapse period from June 1, 2010 to the date of enactment of the extension.

For more information please contact me at (305) 329-4929 or solovay.m@ewm.com.

Harborside at The Waterways – 3640 Yacht Club Dr, Apt 1808 Aventura, FL 33180 – $339,000

Here is an example of pride in ownership. The owner of this property has maintained this unit extremely well. It is immaculate and available for immediate occupancy. This 2 bedroom 2 bath unit located on the 18th floor has spectacular views of The Waterways Marina & Yacht Harbor as well as the ocean and intracoastal.  This property is offered at an excellent price and available for immediate purchase.  Some important items to note are:

• 1,430 sq ft of living space
• ceramic tile floors
• custom built-in desk/work space in the second bedroom
• great south exposure
• crown moldings
• smooth ceiling
• marble master bath with walk-in shower and separate whirlpool tub
• full size washer and dryer
• 1-assigned parking space in the garage
• extra storage is included

The condominium offers 24-hr manned security gate, 24-hr manned lobby security, concierge, gym, 2 heated swimming pools and tennis courts.

click here for a virtual tour of this property

For more information or to set up an appointment please contact me at (305) 329-4929 or solovay.m@ewm.com.