Now Includes Current Homeowners …  This time around, the tax credit as been expanded to include current homeowners.  To be  eligible, homes must be under written contract by April 30th, 2010, and closed by June 30th, 2010. 

Credit Limits:  The first time home buyer’s credit will remain @ 10% of the purchase price of the home, with a maximum available tax credit of $8,000.00.  Current homeowners are eligible for a$6,500.00 credit, but the buyer must have used the home being sold as their principal residence for five of the last eight years.

Income limits:  Income limits have been increased to $225,000.00 for a married couple and $125,000.00 for a single purchaser.  For incomes above the limits, partial credits will be applied, but there is an income cap of $245,000.00 for a married couple and $145,000.00 for an individual.

Maximum Home Value:  Additionally, the maximum purchase price of the new home is now limited to  $800,000.00.  No partial credit is available if the purchase price exceeds this amount.

Payback Provisions:  The tax credit is a true credit.  It does not have to be repaid unless the home owner sells or stops using the home as their principal residence within three years after the purchase.

Be sure to attend the special town meeting at the Middle School on Monday, March 2^nd  at 7:30pm.

When asked one of our homeowners recommended the Sea Witch. Located on Rt. 1 in Peabody…  less than 2 miles from Heritage Woods. The Sea Witch has been voted best seafood restaurant on the North Shore many times and featured on The Phantom Gourmet, the Sea Witch has been a local favorite on the North Shore for over 35 years. Red sox players that have visited the Sea Witch include Jim Rice and Bob Montgomery and even former President George Bush has eaten at the Sea Witch.

Chiropractor Mitchell Goldberg will offer free Trigger Point Massage on March 5^th from 9:00 am until noon. Lynnfield Senior Center, 525 Salem Street, Lynnfield, 781-598-1078 for more information

When asked one of our homeowners recommended Carrabba’s Italian Grill. Located on Rt. 1 at 1A Newbury Street in Peabody, Carrabba’s is less than 2 miles from Heritage Woods. Serving everything from Pizza, Pasta and Veal Piccata your family is sure to find something to please everybody.

Join Bill Patton on Thursday, February 26^th at noon for a talk about the sights and sounds of the big band era including Goodman, the Andrews Sister, Sinatra and more. Lynnfield Senior Center, 525 Salem Street, Lynnfield, 781-598-1078 for more information

The 9-hole “Reedy” course at the Reedy Meadow Golf Course facility at 195 Summer Street in Lynnfield, Massachusetts features 2,534 yards of golf from the longest tees for a par of 34. Reedy golf course opened in 1931. The phone number is 781-334-9877.

Visit Heritage Woods today to see how affordable your new home will be.  Model open daily 11:00 – 4:00, closed Tuesdays and Wednesdays.

Now with prices starting at $499,500 

Please join us on Saturday and Sunday, February 14th and 15th from 11:00 – 4:00 for Valentine refreshments and merriment.  And while you are here… register to win Godiva Chocolates for you or your sweetheart.  900 Lynnfield Street, Residence #30, I look forward to seeing you soon!

Lynnfield High School was recently recognized by US News and World Report as being one of the state’s “top performing schools”