Tuesday, December 1, 2009
Saturday, July 25, 2009
How's The Market?
This is a question I get a lot around town, and I'm happy to answer that it is much much better!
Just a quick post to add a recent update. I removed the SOLD homes that were past posts and it has made this blog very sparse. Besides, I proudly admit that I am more focused on being a Realtor than a Blogger and my full-time job has been keeping me very busy.
For more frequent updates you can follow me on Twitter http://twitter.com/wademitchell and visit my website www.SellingMountainHome.com. Better yet, please call me anytime with any questions or to schedule a tour.
Wade Mitchell
Heritage Realty
Cell: 870-656-4212
Friday, March 13, 2009
First-Time Home Buyer $8000 Tax Credit
Love it or hate it, the $800 billion stimulus bill that was signed into law this month gives a big boost to first-time home buyers. Here are some of the details of the $8,000 tax credit.
The credit is for 10% of the purchase price of the home up to $8,000.
Only first-time home buyers and principal residences will qualify.
This credit does not have to be repaid.
As it applies to this tax credit, a first-time home buyer is defined as someone who has not owned a principal residence for three years.
To be eligible for this credit you must purchase a home on or after January 1 and before December 1, 2009.
Single buyers need $75,000 gross income or less to qualify and married couples can make up to $150,000 for the full credit. If you make more than this you may still be able to get a smaller credit.
If you sell your home before three years you will have to return the credit to the government.
With this tax credit, low home prices, low interest rates, and a good inventory of homes on the market, now is the perfect time for first-time home buyers to get that house they have been waiting for.
The credit is for 10% of the purchase price of the home up to $8,000.
Only first-time home buyers and principal residences will qualify.
This credit does not have to be repaid.
As it applies to this tax credit, a first-time home buyer is defined as someone who has not owned a principal residence for three years.
To be eligible for this credit you must purchase a home on or after January 1 and before December 1, 2009.
Single buyers need $75,000 gross income or less to qualify and married couples can make up to $150,000 for the full credit. If you make more than this you may still be able to get a smaller credit.
If you sell your home before three years you will have to return the credit to the government.
With this tax credit, low home prices, low interest rates, and a good inventory of homes on the market, now is the perfect time for first-time home buyers to get that house they have been waiting for.
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