Tax Credit for Homebuyers
First-time homebuyers who purchase homes from the start of the year until the end of November 2009 may be eligible for the lower of an $8,000 or 10% of the value of the home tax credit. Remember a tax credit is very different than a tax deduction – a tax credit is equivalent to money in your hand, as opposed to a tax deduction which only reduces your taxable income.
The tax credit starts phasing out for couples with incomes above $150,000 and single filers with incomes above $75,000. Buyers will have to repay the credit if they sell their homes within three years.
Tax Credit Versus Tax Deduction
It’s important to remember that the $8,000 tax credit is just that… a tax credit. The benefit of a tax credit is that it’s a dollar-for-dollar tax reduction, rather than a reduction in a tax liability that would only save you $1,000 to $1,500 when all was said and done. So, if a homebuyer were to owe $8,000 in income taxes and would qualify for the $8,000 tax credit, they would owe nothing.
Better still, the tax credit is refundable, which means the homebuyer can receive a check for the credit if he or she has little income tax liability. For example, if a homebuyer is liable for $4,000 in income tax, he can offset that $4,000 with half of the tax credit… and still receive a check for the remaining $4,000!
Monday, February 23, 2009
Sunday, February 22, 2009
2704 Stadium, Located in Horton Hills Subdivision
2704 Stadium Dr. is a lovely home, very well maintained. It’s roomy and spacious with three bedrooms and two baths. Lots of family space: (1) living room, family room/den, (2) main floor, and (3) large master bedroom with walk-in closet, plus additional closet. You’ll delight in the master-bathroom with a double vanity. In the kitchen all of the appliances will convey. There is an eat-in-kitchen with sliding glass doors that let in more natural light. Out back is a nice patio. You will find hardwood floors in the living room, fireplace and a vaulted ceiling. 2704 Stadium Dr. is in a wonderful neighborhood in Horton Hills and is very convenient to the shopping centers in town
Friday, February 20, 2009
Here’s How To Avoid Five Of The Most Expensive Mistakes Homebuyers Make...
Mistake #2:
Not realizing that the wrong mortgage can cost thousands of dollars in needless interest and taxes.
Check with your accountant before you make your final decision on which mortgage you’re going to choose.
Your CPA can tell you what the long-term effects will be on your income, your taxes, and the equity you build in your home over time.
Most people aren't aware that with a standard 30-year mortgage they’ll be paying two-and-a-half times the amount of the mortgage in payments.
With some advance planning and a simple strategy, they can cut the amount of interest they pay dramatically and own their homes sooner.
Not realizing that the wrong mortgage can cost thousands of dollars in needless interest and taxes.
Check with your accountant before you make your final decision on which mortgage you’re going to choose.
Your CPA can tell you what the long-term effects will be on your income, your taxes, and the equity you build in your home over time.
Most people aren't aware that with a standard 30-year mortgage they’ll be paying two-and-a-half times the amount of the mortgage in payments.
With some advance planning and a simple strategy, they can cut the amount of interest they pay dramatically and own their homes sooner.
Here’s How To Avoid Five Of The Most Expensive Mistakes Homebuyers Make...
Mistake #1:
Not knowing how much they can afford before they make an offer.
The easiest way to avoid this mistake is to get pre-approved for a mortgage by a Lender so you know in advance exactly how much you can afford.
Most pre-approvals are free and it will give you a basis to make a more informed purchasing decision when you find the house you like
Not knowing how much they can afford before they make an offer.
The easiest way to avoid this mistake is to get pre-approved for a mortgage by a Lender so you know in advance exactly how much you can afford.
Most pre-approvals are free and it will give you a basis to make a more informed purchasing decision when you find the house you like
Townhome in Cary Available with 3 beds and 2.5 baths
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Central A/C
One Unit Already Rented on This Duplex
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Hardwood floor
Seller Incentives on This 2 Bedroom with Fireplace
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Central A/C
Thursday, February 12, 2009
Ivy Creek Townhome at 306 Blackbird Ct. Cary, NC
306 Blackbird Ct. is a lovely home, very well maintained. It’s roomy and spacious with three bedrooms and two and a half baths. Lots of family space: (1) living room, family room/den, (2) main floor, and (3) open upstairs master bedroom with walk-in closet. You’ll delight in a bathroom on both levels of this updated, charming home. In the kitchen all of the appliances will convey. The kitchen has lots of natural light. Out back is a nice serene patio with greenery and a fence for added privacy. All three of your bedrooms are on the second level. You could easily turn one of them into an in-home office. 306 Blackbird Ct. is in a wonderful neighborhood in Cary is very convenient to the shopping centers in town.
Surprisingly Low Down Payment Loans Available
Our HomeLoanFinder Service has located several different types of home loans for 306 Blackbird Ct., enabling you to buy with low down payment, and with the option to lock in your interest rates. FHA/VA and USDA loan options are available. Call to find out what the interest rates are, and how much home you qualify for.
Free Recorded Message
Call 888-293-2432 ext. 14, anytime, 24 hours, to listen to a free recorded message with more details about Blackbird Ct. including open house and private showing information, and more information about how you can own Blackbird Ct. or other homes in the Ivy Creek area for low down payment, very low payments, or a below-market interest rate.
Surprisingly Low Down Payment Loans Available
Our HomeLoanFinder Service has located several different types of home loans for 306 Blackbird Ct., enabling you to buy with low down payment, and with the option to lock in your interest rates. FHA/VA and USDA loan options are available. Call to find out what the interest rates are, and how much home you qualify for.
Free Recorded Message
Call 888-293-2432 ext. 14, anytime, 24 hours, to listen to a free recorded message with more details about Blackbird Ct. including open house and private showing information, and more information about how you can own Blackbird Ct. or other homes in the Ivy Creek area for low down payment, very low payments, or a below-market interest rate.
Let's Talk About 907 Bowler Dr. Durham, NC
907 Bowler Dr. is a lovely home, very well maintained. It’s roomy and spacious with three bedrooms and two and a half baths. Lots of family space: (1) living room, family room/den, (2) main floor, and (3) large master bedroom with walk-in closet. You’ll delight in the master-bathroom with a double vanity. In the kitchen all of the appliances will convey. There is an eat-in-kitchen with sliding glass doors that let in more natural light. Out back is a nice patio. You will find a fireplace. Bowler Dr. is in a wonderful neighborhood in Ridgefield and is very convenient to the shopping centers in town.
All About 1614 Holloway. FREE MESSAGE
Call 1-888-293-2432, extension 13, anytime, 24 hours, to listen to a free recorded message with more details about 1614 Holloway St. including open house and private showing information, and more information about how you can own 1614 Holloway or other homes in the surrounding area for low down payment, very low payments, or a below-market interest rate.
1614 Holloway St. Durham, NC
1614 Holloway St. is a lovely home, decorated in the very best of taste. This inside is sweet and simple with two bedrooms and one bath. The living room is anchored with a wood-burning fireplace. Did I mention that this charming 1951 home has been fully renovated with new carpet, new paint and new light fixtures? It features an elegant, totally remodeled kitchen. Off to the side is a little sun-porch and in the backyard is a pear tree. 1614 Holloway sits up the hill off from the main street.
Under Construction
Something exciting has happened. After 5 years of working in real estate as an investor and agent my business is going through some major changes…changes that will benefit you, my client.
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