K. Hovnanian Homes is celebrating Presidents Day in a unique way this year. In an effort to get “America moving again” the home builder is offering to double your tax credit when you purchase a new home from them between now and President’s Day, February 15th of this year.

First Time Home Buyers who meet requirements for the $8,000 credit can count on $16,000 in tax savings, and existing home owners who buy a new home are eligible for up to $13,000 in savings, doubling the $6,500 credit that was added when the tax credit was extended last fall.

For all the details on K. Hovnanian Homes’ special offer, contact them through their builder profile on our website. Call or send a message directly to their sales team. K. Hovnanian just added a 5th community to their group of new home communities on the Eastern Shore. They are active in Lewes, Millsboro and now Magnolia, Delaware. They recently closed out Mill Village, a single family home community in Millington, Maryland.

To learn more about the Home Buyer Tax Credit, visit our earlier post: NAHB Answers Your Tax Credit Questions. Many home buyers are eligible to receive the credit, but must sign a sales contract on their home purchase by April 30, 2010.

Rowen’s Mill is offering a sweet special event in honor of Valentine’s Day. “Fall in Love with Rowen’s Mill” Valentine’s Event will feature complimentary appetizers, a yummy chocolate fountain, fruit, wine and beverages. While you indulge in tasty treats, tour the available homes in Rowen’s Mill, explore their floor plans and chat with the Rowen’s Mill team about your own plans for your new home.

We at ESH are always fans of unique ways to visit new home communities and whenever a builder opens its doors in a way like this we love to spread the word.

Rowen’s Mill is a unique amenity rich community in Fruitland, Maryland. The gated community features a variety of home styles for different lifestyles and budgets. For photos, floor plans, pricing and more info, visit the official Rowen’s Mill community profile on our site.

Details on the Rowen’s Mill Event:

What: “Fall in Love with Rowen’s Mill” Valentine’s Event

When: Saturday, February 6th from 5-8 p.m.

Where: Rowen’s Mill Clubhouse, 120 Porter Parkway, Fruitland, MD (community is off St. Luke’s Road)

RSVP: Call Brandon Ziska to RSVP at 443-365-2063

——

UPDATE: Due to the snow, this event has been postponed and rescheduled for Saturday, Feburary 20th.

Bahia Vista I on the Bay on Ocean City, Maryland

As if the freezing cold temps of winter weren’t enough to motivate you to invest in that beach home, there is another group of condos going to auction in Ocean City giving home buyers a chance to purchase new construction — at the beach — at discount prices.

Max Spann Real Estate & Auction Company will auction 9 luxury bayfront condominiums in the newly constructed Bahia Vista I located on 10th street and the Bay. Opening bids start at $95,000 for these homes which once were listed as high as $730,000. The auction will take place on Saturday, February 27th at 1 p.m. at Loews Annapolis Hotel in Annapolis.

Now for the details on the homes: each of the condos in the Bahia Vista I feature private balconies, designer kitchen cabinets, Corian countertops, GE stainless steel appliances, full size washer and dryers and a gas fireplace with custom, built-in entertainment shelves. Other features include designer cabinets and cultured marble tops in the bathrooms and master baths with whirpool tubs and ceramic tile showers. To add to the amenities of bayside living, boat slips are available for purchase. The condos are 1,821 square feet and have 3 bedrooms and 2 bathrooms.

Builder close-out auctions are becoming a common sales method for builders and developers eager to wrap up a project or community with one quick sale. On the Eastern Shore, auctions continue to pop up in the vacation home market. In the last year we saw auctions in Millsboro, Crisfield, Ocean City, Chincoteague, Cambridge and Dewey Beach. As Max Spann explains, “The economic slowdown has created unique opportunity, as luxury vacation condos are now being auctioned at prices that are affordable to a larger group of prospective buyers.”

Auction Details:

What: Builder Close-Out Auction of 9 Luxury Bayfront Condos at Bahia Vista I in Ocean City, Maryland

When: Sunday, February 27th at 1 p.m.

Where: Loews Annapolis Hotel, 126 West Street, Annapolis, MD

Preview Dates: From 12 - 2 p.m. on Saturday, February 6th; Saturday, February 13th; Saturday, February 20th at Bahia Vista I: 1005 Edgewater Avenue

For More Information: Call Max Spann for a property information package: 888-299-1438

For a perspective on the savings buyers find at auctions and the bidding process, visit our earlier posts, Sunset Bay Villas Condo Auction Results: We’re Your Official “Bid Spotters” and Ocean City Condo Auction at the Makai (check the comments section for auction results). Good luck bidding and if you attend the auction, post a comment to let us know how it goes!