Culpeper, Virginia (Grassroots Newswire) July 22, 2014 - Now that Virginia has put in place a tax free savings plan for first-time homebuyers, consumers can begin to think outside the box. When a child is born, not only can parents or grandparents set up a college fund, but now they can plan for the purchase of that child's first home!
This new plan allows up to $50,000 to be contributed to a savings account by any Virginian and can increase in value up to $150,000. The funds in the account can be put towards closing costs or other "eligible costs" on the purchase of a new home by any first-time homebuyer that the account holder designates or by the account holder themselves.
First-time Homebuyer Savings Plans are a simple and easy way future homeowners can start saving for the purchase of their first home.
EXIT Realty is a proven real estate business model that supplies single-level residual income - for agents, security, stability and direction; for agents' families, security in the form of beneficiary and retirement residuals. EXIT's MIND-SET Training Systems offer the industry's best hands-on, interactive sales training. State-of-the-art technology, including the Digital Marketing Strategy, gives EXIT Realty agents the edge in a competitive marketplace. EXIT is a by-invitation-only company focusing on the business of real estate. A portion of every transaction fee collected by EXIT International is applied to its charitable fund. To-date, over $2 Million has been pledged to Habitat for Humanity.
For more information about EXIT Cornerstone Realty, please call 540-825-9898. EXIT Cornerstone Realty is located at 15367 Brandy Rd, Culpeper, VA 22701.
SOURCE EXIT Realty
EXIT Cornerstone Realty