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second home: Investing in a Second Home?... You May Be Eligible for Tax Credit Too! - 01/01/10 09:09 PM
Although the American Recovery & Reinvestment Act is frequently characterized as a tax credit for new home buyers, move-up and down-sizing homeowners could benefit as well!
In the Pinehurst and Southern Pines, North Carolina areas, down-sizing homebuyers are common as retirees often move from a larger home to one that is smaller and often less expensive also many investors are taking advantage of market conditions to invest in a second home.
We suggest you consult with your tax planning professional for the particulars and in the interim are providing an overview of the government's requirements for your consideration.
Applicable timing issues … (1 comments)
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second home: Pinehurst, NC - Ranked in the Top Five Best Places to Retire - CNN Money.com - 09/16/09 11:12 PM
Tee up your retirement in Pinehurst, North Carolina
Pinehurst, North Carolina 28374
Population: 12,000+ % over 50: 57% Pinehurst Real Estate
Typical 3-bedroom home: $265,333 Housing prices down: 27% State income tax: 7.75%
Known as the Home of American Golf, everyone who knows and loves the game knows Pinehurst as the home of "The" Pinehurst Resort, which offers one of the nation's most prestigious golf courses, including the best known Pinehurst 2, site of numerous PGA tournaments. Nevertheless Pinehurst is also a friendly year-round community with a bustling downtown, first-rate regional hospital, and mild weather year round.
Although Money Magazine reported that the … (0 comments)
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second home: Pinehurst Resort Food and Wine Festival - 08/10/09 11:25 AM
Join us at the Annual Pinehurst Food and Wine Festival September 3-7, 2009!
Savor international cuisine and winds at the 21st Annual Food and Wine Festival with more than 100 labels and dishes from all over the world. Call or visit the Pinehurst Resort Services Desk for ticket to individual events, reservations and information. 910.235.8415 | www.PinehurstWineFest.com
Have you been considering a Second Home for vacation, investment or a transition? There are many reason you should. Learn why so many come for the golf and stay for the lifestyle that is uniquely Pinehurst.
Please contact us for futher information and begin … (3 comments)
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second home: Second homes: Pinehurst, NC Come for the golf, stay for the lifestyle. - 07/24/09 12:07 PM
Second homes: Pinehurst, NC Come for the golf, stay for the lifestyle.
Travel and Leisure Golf has awarded Pinehurst Resort top honors for the second year in a row, and the third time in the last four years. Meanwhile Golf Digest has ranked Pinehurst North Carolina as the No. 2 golf town in the United States.
Most people are drawn to the Pinehurst, NC area for the truly remarkable golf and many choose to stay for the lifestyle and exceptional values offered here. Home prices are affordable and the values remain stable.
Visit our website to obtain the latest Home Value information for the … (0 comments)
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second home: Vacation Property Sales Increase - 05/26/07 12:13 AM
According to the National Association of Realtors, more than one million people bought vacation homes in 2006. Industry experts say the NAR data is good news for those considering purchasing a vacation home.
"Their data basically [reported] that vacation-home sales rose in 2006 based on a 4.7 percent increase [over the previous year]," says Christine Karpinski author of How to Rent Vacation Properties by Owner, 2nd Edition: The Complete Guide to Buy, Manage, Furnish, Rent, Maintain and Advertise Your Vacation Rental Investment (Kinney Pollack Press, 2007, ISBN: 0-9748249-9-2, $26.00) and Director of Owner Community for HomeAway.com.
Despite those results, is now … (0 comments)
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second home: Bull vs. Bear Grapple in Vacation Home Market - 05/16/07 04:01 PM
Adverse economic conditions, rather than seasonal climate change, has ushered in the off-season for investment properties known as vacation rentals.
Hordes of investors have gone back to real jobs, the forecast calls for cooler rates of appreciation and discount sale prices are de rigueur.
For vacation home buyers with lots of discretionary cash or credit it's quite a bull market and it could be a good time to get that second home.
However, if you need to rent out your vacation home to help foot the mortgage bill, don't overlook the bear's grip on the travel market.
Second homes (which include … (0 comments)
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second home: Second Guessing Second Homes - 05/09/07 05:50 PM
It may be a better time to buy a second home than it is to buy a primary residence.
The nation's second home market is repelling investors in droves and the blow is so crushing to the second home market, the nation's primary housing market downturn pales by comparison.
Second home sales plummeted last year, falling 18.56 percent to 2.72 million, compared to 3.34 million in 2005, according to the National Association of Realtors' annual "Investment and Vacation Home Buyers Survey".
Primary home sales fell only 4.1 percent to 4.82 million in 2006 from 5.02 million in 2005.
The second home … (2 comments)
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second home: Tax Law Changes and Demographics Fueling Second Home Boom - 04/23/07 12:26 PM
Call it the boom within the boom: Financings of second homes more than doubled since the beginning of this decade -- a growth rate far exceeding financings and sales of primary homes.
What's behind the unprecedented surge in the second home sector, which includes both investor units and vacation houses? National Association of Realtors economist Keunwon Chung approached this question from an unusual angle -- a vast trove of federal Home Mortgage Disclosure Act data on loans closed during the five year period 2000-2004 -- and came up with two main answers. The first is already well known: Baby boomers in … (0 comments)
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Wayne and Lynda Gomillion
Pinehurst,
NC
More about me…
Real Living Hagan Realtors | Pinehurst ~ Southern Pines, NC
Address: 19 Chinquapin Road, Pinehurst, NC , 28374
Office Phone: (910) 585-2400
Cell Phone: (910) 585-2400
Email Me
We’re NC real estate brokers and members of “The” Pinehurst Home Team. For nearly two decades we have served the needs of buyers and sellers of single and multifamily properties and offer a friendly, consultative approach to client’s real estate and relocation endeavors. Whether visiting or considering relocation, we encourage you to visit our websites and contact us for more information about the greater Pinehurst North Carolina area and the unparalleled quality of life the area offers.
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