As part of the new economic stimulus plan passed on February 13, 2009, Congress has created a new federal tax credit to provide an incentive for first-time home buyers.
A tax credit of $8,000 will be available for first time home owners as well as for individuals whom have not bought within the pass three years. All purchase homes need to be your principal residence to be eligible for this government program. The provision is retroactive to purchases made on or after January 1, 2009 and it will run through December 31, 2009.
If you have not bought within the pass three years and/ or are a first time home buyer this is it, a true tax credit! Don't miss your chance, just give me a call. I can help!!!
This new tax credit replaces the previous $7,500 first-time home buyer tax credit created by the Housing and Economic Recovery Act of 2008.
Contact my company and ask an Allen Tate Mortgage partner for a flyer and FAQ sheet detailing this information.
Click here to view the Allen Tate Mortgage Consultant directory and let them know Aris Mendez Greenville SC Realtor mention that you call about the $8,000 tax credit for first time home buyer program.
Give us this day our daily bread, O Father in heaven, and grant that we who are filled with good things from Your open hand, may never close our hearts to the hungry, the homeless, and the poor; in the name of the Father, and of the Son, and of the Holy Spirit, Amen!
Now For A Thanksgiving POEM!!!
THANKSGIVING
The year has turned its circle, The seasons come and go. The harvest all is gathered in And chilly north winds blow.
Orchards have shared their treasures, The fields, their yellow grain, So open wide the doorway --- Thanksgiving Day is once again here!
Have a Safe and Enjoyable Thanksgiving!!!
"A Realtor® That Works For You"
Aris MendezREALTOR® Allen Tate Realtors Cell: (864) 567-5114 Office/E-Fax: (864) 272-1922 Email: aris@ARMLCO.com Go To My Web Site: www.greenvilleURhome.com
Sellers are motivated come to our Open House Saturday 11/29 & Sunday 11/30 2 - 4pm and you will fall in love with this fabulous home.
Beautiful and spacious brick front home on a .25 acre corner lot in well sought out Five Forks area. As you enter the home you'll notice the two story foyer as well as the beautiful shinny hardwood floor, to your right huge dining room with tray ceiling and as you continue to walk you'll see the large great room with beautiful center fireplace. As you continue there is a large breakfast area with bronze coated chandelier and hardwood floors. Huge kitchen with cherry cabinets, granite counter tops and center island. Master on the main very large for a sitting area, tray ceiling, his and her closets with a huge master bath with his & her sinks, ceramic tiles, garden jetted tub and separate shower. Additionally on the 2nd floor there are 3 large secondary bedrooms and another Master bedroom with full bathroom, great for the in laws or guests (total of 5 bedrooms and 3.5 baths). Garage is at the side entry with additional pavement for parking area, also sellers added shelves for storage and/ or work station. Patio roof and wooden rails were professionally added after the purchase of home.
Refrigerator, window treatment, washer and dryer stay with a reasonable offer. Seller is also offering an AHS Flex Plan Home Warranty. Pool membership is available at Creekwood subdivision.
Up To $500 CASH REBATE!
"A Realtor® That Works For You"
Aris Mendez REALTOR® Allen Tate Realtors Cell: (864) 567-5114 Office/E-Fax: (864) 272-1922 Email: aris@ARMLCO.com Visit My Web Site: www.greenvilleURhome.com
What's on your "to do" list that won't get done today?
Most of us walk around with some kind of priority list, some sense of what we need to do and when we need to do it. Today's instant technology gives us an easier opportunity to make that call, or return that message, but doesn't necessarily allow us to focus on our true priorities.
In recent years, buying a home was a priority for many of us. First-time home buyers were anxious to settle in; others were quick to up size when the idea of a fourth bedroom, a bonus room, a deck or a more desirable community was considered. Relatives flocked to new cities to be near children and grandchildren; friends enticed friends to move close by. Hard-working employees channeled raises and bonuses into real estate, which steadily appreciated in value.
Today, the market is different, and yesterday's buyers are "sitting on their hands," waiting. Buyers are putting off buying because they are paralyzed by fear. And the fear comes from lack of understanding of the market, its challenges, and its opportunities. We fear what we do not understand, and we tend to avoid what we fear. Don't let fear allow you to pass on your dream of homeownership.
The economy, the Presidential election, rising gas prices, bank mergers - all have created uncertainty and eroded consumer confidence; we get that. What many would-be buyers don't understand is that today's market offers opportunities like never before. Interest rates are the best they've been in 25 years. Lenders still have mortgage money to lend, assuming you have the basics of a job, decent credit, and ability to come up with a reasonable down payment of 3 to 5 percent.
Sellers can leverage the equity in their existing home to make the move. If you reduce your selling price by 10 percent and purchase a new home at the same discount, you'll realize a net gain of thousands. It's a matter of keeping it in perspective.
This isn't a market where you're going to steal on the sale and also on the buy. It's not an environment where people who can't make monthly payments will be handed an adjustable mortgage by unscrupulous lenders. It's not a time where you're going to get the price your neighbor got for his home two years ago. And it's not a time when you are going to sell a house without the assistance of an experienced real estate professional, Allen Tate Realtors.
If you're a seller, you need to be willing to price aggressively and do what it takes to sell your home. Neutralize your color scheme. De-clutter. Repair, polish and shine every corner and crevice. Make it memorable. And most importantly, list with Allen Tate Realtors the Real Estate Leader in the Carolinas and take our advice early and often.
If you're a buyer, stop waiting for the bottom price. We've already been there and we're working our way back up. Interest rates won't stay low forever, and even an increase of one percent will give you a significant higher monthly payment on a home with a lower value. We're heading there soon. There's money to lend - a variety of desirable loan programs are still available. Inventory is great and sellers are more than motivated.
The habit of putting off an experience until the time is right, or the conditions are perfect - will rob you of life's greatest joys, home ownership.
If you've been thinking, even casually, of buying a home, make it today's priority. Put it on your "to do" list and start the process. Don't look back a year or so from now, with regret, saying "I should have ... I could have ... if only I would have."
The time is right NOW, think about is no better moment give us a call, send us an email and let us help you buy that great home or let us help you sell your property.
The home ownership tax credit that the federal government created earlier this year is a great tool for first time home buyers and for all buyers that have not owned a home within the pass three years, it's a great opportunity to jump off the fence and get into the home you dream of.
When you take the tax credit, combine it with today's low interest rate and add the large selection of "For Sale Homes" inventory and low home prices, this is exactly what all home buyers need to buy now.
How the Tax Credit Works:
The First-time Home Buyer Tax Credit was passed and signed by president George Bush, as part of the Housing and Economic Recovery Act (H.R. 3221) on July 30, 2008 and targets any or all individuals that have not owned a home for at least three years or have never owned a home (first time home buyers).
The Economic Recovery package is up to $7,500 and it can be taken in a single tax year, taxpayers can take this credit on their 2008 tax return if they bought a home in 2008 after April 9th. All individuals or households that have interest in buying a home must do so prior to July of 2009, so if you are waiting to buy a home in the first six months of 2009, then you can take the credit on your 2009 tax return.
The actual credit amount is set as 10 percent of the total home purchase amount. So all qualify buyers as well as first time home buyers can get 10% of the home price credited against their tax liability, up to a maximum of $7,500.
For Example: If the home purchase is $100,000 and the credit amount is 10%= $10,000 Remember the maximum loan amount will be up to $7,500.
Income Limits:
Individual: $75,000
Households: $150,000
Individuals: $75,000 - $95,000 receive the credit on a reduced basis
Households: $150,000 - $170,000 receive the credit on a reduced basis
Any Home is Eligible as Long, That's A Primary Residence Home in The Greenville, SC Area or Any Other State Within The United States.
All Buyers Have 15 Years to Pay Back:
To help keep the program cost effective for taxpayers, the federal government requires the tax credit to be paid back in small, 6.67-percent increments over 15 years. For that reason, analysts have likened the credit to a 15-year, interest-free loan to help make home buying affordable.
There's one restriction on the type of financing that your customers can use if they plan to take the credit. That restriction is on tax-exempt mortgage financing. This only applies for buyers that are using below-market interest-rate financing from a public agency or nonprofit organization that's funding the loan using proceeds from a tax-exempt mortgage-revenue bond issue. For most buyers, this won't be a problem. It's mainly an issue for low-income buyers using special mortgage financing.
More Resources For My Clients:
Here is a great site to help clarify on the $7,500 tax credit for first time home buyers or individuals who have not bought within the past three years: http://www.federalhousingtaxcredit.com/faq.php
Here is the IRS web site and it provides more information for tax-credit guidance articles that provide answers to many of your frequently asked questions.
Here are a few Great Web Sites That would give you Big shopping savings!
I came across some of this information doing some shopping on line and so I figure with the holidays just around the corner, I could compile some of this info together and share it with you and in the process help save you some money. I bring this information to you because I am a consumer as well just like you and realize that the tough times and the holidays fast coming, we all need to save a buck or two.
I understand and respect that and that's just the exact reason why I offer a $500 CASH REBATE on my Home Selling or Home Buying services. If there is anything I can help with, please use my contact information below.
Have a Stress Free and money saving shopping!
Buzzillions.comThis 3 million consumer entry web site has everything from electronics to shoes. ShopSmart a magazines that brings you the scoop on great discount to buy, likes that this site offers a broad and changing list of keywords to click on for searching merchandise. Also you should sort your search by the lowest ratings first to get great consumer info on what not to buy.
Ebates.comAfter registering yourself on this site, you can shop online with over 900 retailers. After checking out, your account gets credited with a nice rebate from the site, which can be as high as 26%, although most are in the 1% to 4% range. I suggests clicking on the "Daily Double" tab, where rebates for one retailer are doubled each day.
Freeshipping.orgAlthough, most of the specific stores have a minimum purchase amounts, you can choose a product category or a store to get information for free shipping offers.
Heyitsfree.netRyan Eubanks started this blog, he searches the world wide web on a daily to find free offers. Your searches can be done by product category, or check out a long list of other freebie sites.
Pricegrabber.comThere are numerous price comparison web search engines, but ShopSmart was fasinated by this one for its ability to calculate the total cost of items and including shipping fees & taxes. Retailmenot.comMany sites gather and offer online coupons, but weeding through out dated and invalid codes takes to much time. I, from my experience stated that the codes on this site are reliable, and like the blogging section were consumers share their money-saving tips.
Shopittome.comThis site is for the real shopaholic. After choosing from a list of clothing, shoe and accessory brands, entering your sizes and registering your e-mail address, you'll receive a daily or weekly e-newsletter about great sales you may be interested in. I'll recommend signing up to receive the e-mail on Fridays, when most online retailers mark down their clothing price.
"A Realtor® That Works For You"
Aris Mendez REALTOR® Allen Tate Realtors Cell: (864) 567-5114 Office/E-Fax: (864) 272-1922 Email: aris@ARMLCO.com Visit My Web Site: www.greenvilleURhome.com
Come & enjoy this great built home with a beautiful Gardener's setting. Refreshments available.
Great built traditional 2 story home 4 BR 2.5 BA. Fenced yard on a Cul-de-Sac .5 acre lot. Landscaped front yard and a Gardener's delight in the back yard. In addition, 2 wooden decks patio has beautiful stone paths & a fishpond w/ waterfall for those tranquil moments. The rest of lot is wooded w/ flowing creek. Lg master bedroom remote control ceiling fan & light wired for cable & sound. Master bath has Jacuzzi tub separate shower & walk-in closet. Large great room Berber carpet wired for cable & sound & a beautiful corner fireplace. 4th bedroom all set for an office w/ built-in hardwood desk cabinets & bookshelves.Sellers are motivated come to our Open House you will fall in love w/ this fabulous home and just put an offer.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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