Al Enochs ~ F1RST REALTY Blog

 I know the big buzz is everywhere about the great tax credit for first time home buyers and I will have to jump in and talk about this great incentive too!  Here is a simple run down of what to expect!

• First time home buyers only
• the tax credit does not have to be paid back
• the tax credit is equal to 10 percent of the home's purchase price up to a maximum $8,000
• The credit is available for homes purchased on or after Jan 1, 2009 and before Dec 2009
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the tax credit.

Simply put, how this works:

To claim your tax credit, you will claim it on your federal income tax return.  Specifically, home buyers should complete IRS form 5405 to determine their tax credit amount and then claim this amount on line 69 of their 1040 income tax return.  No other applications or forms are required, and no pre-approval is necessary.  However, you will want to be sure that you qualify for the credit under the income limits and first time home buyer tests.

For example, when you file your return next year, if you qualify for the full $8,000 credit and owe $1,000 on your tax return, you will receive a check for $7,000.

For more information on the 2009 tax credit, click for the Federal Housing Tax credit website.

GOOD NEW...DID SOMEONE SAY TAX CREDIT?

          Good news From April 9, 2008 through July 1, 2009

Tax Credit up to $7,500 for First Time Homebuyers

10% of Sales Price up to a Maximum of $7,500

Must be Primary Residence

Income limits $75K for Single or $150K for Couples

Phases out at $95K and $170K Respectively

THE FINE PRINT

The Tax Credit is actually an interest-free loan, must be PAID BACK OVER 15 years at $500 per year

If home sold early, repayment of loan is limited to amount of appreciation.

If you die the loan is forgiven.

Consult a tax advisor for more information.

Crossville, Tennessee on the Cumberland Plateau - offers rural living and peace of mind. A better way of life. 

A simpler way of life and living is back, back in a big way. With today's economic challenges some of us need and know the importance of safer surroundings, family and community.

Centrally located Crossville,Tennessee's vast surrounding rural countrysides offer the idyllic relocation destinations. Seclusion, but not to far for everyday comforts when needed.

• Safer environment.
• Lower cost of living/Property taxes.
• No state tax.
• Affordable real estate.
• Communities who care.
• Fishing - lakes & rivers.
• Hunting.
• Mild climate.
• Extended growing season.
• Peace of mind.

CONTACT ME WHEN IT COMES TO RURAL LIVING TENNESSEE DESTINATIONS = LAND, LOTS OR HOMES.

As a licensed Tennessee Realtor I'm here to make your property search EASY, SAFE & PROTECTED.  Simply contact me with any questions on your new rural destination.

• Christina Williams
• F1rst realty company
• 931-510-0859
• tennesseeliving@gmail.com

 Exclusive Representation for CROSSVILLE / MONTEREY / COOKEVILLE / SPARTA & Surrounding counties.

Today's real estate market has some of us concerned, worried or maybe a little fed up. Do what I find myself doing from time to time - Take a deep breath and count to ten... Did it work?  If not there is still hope.

Everything you are hearing on the news and reading in the papers may paint an ugly picture for the sale of your property and we may even need to hold our own for a short sale, but before you give up - realize that REAL ESTATE IS LOCAL!  (Don't rely on the media for valid local information)

Everything effects real estate locally. We must research all the statistics before we place a price!

• WHAT HAVE COMPARABLE HOMES SOLD FOR?
• IN YOUR NEIGHBORHOOD/COMMUNITY?
• CITY/TOWN.
• COUNTY.
• WHAT IS THE ANNUAL INCOME VIA MORTGAGE PAYMENTS?
• DOES MONTHLY INCOME EXCEED 1/3 OF PAYMENTS?
• HAVE THERE BEEN FORECLOSURES IN YOUR NEIGHBORHOOD?
• WHAT IS THE UNEMPLOYMENT RATE?
• THE SMALLEST FALL CAN EFFECT SALES.

All these local statistics can have a big impact on the sale of property. Making sure you have a Realtor do the research will determine if you have your real estate priced right and salable! Extensive on-line and local marketing is also a big factor.

For a free consultation / sit down with a cup of coffee at my office - feel free to contact me.

• CHRISTINA WILLIAMS / LICENSED TN REALTOR
• F1RST REALTY COMPANY
• (931) 510-0859 / (931) 484-1005
• tennesseeliving@gmail.com

 

First Realty Company has served the Cookeville TN area for 30 years and provides you with top notch re-location services. Just a few reasons why we think you should join our community... Cookeville Tennessee has a wealth of opportunity and lush natrual landscapes that provide beautiful picturesque views right in your own backyard.  Whats especially great about Cookeville Tennessee is that it is only 1 hour from Nashville Tennessee and 1.5 hours from Knoxville and Chattanooga Tennessee.  A town of approx. 30 thousand makes country living with convenience at your fingertips. All this comes with low property taxes and no state income tax. 

For more information on re-locating or buying a home in Cookeville Tennessee, call Kay Bennett today!

931-510-8601 or email at kaybennett@charter.net

 

 

Looking for a home in Cookeville Tennessee, Monterey Tennessee, Sparta Tennessee, Livingston Tennessee or Crossville Tennessee?  Need that nice quiet retreat on Dale Hollow Lake located in Celina Tennessee? or maybe our beautiful Center Hill Lake that stretches from Cookeville to Smithville Tennessee? 

Whatever type of home or land you are looking for, Kay Bennett at First Realty has got you covered.  First Realty in Cookeville Tennessee has over 30 years of experience and is comprised of a 100+ agent family to help you find your next home, retreat, or land tract.  We have top of the line commercial property agents along with a vast selection of properties for sale in our Upper Cumberland area. 

Some things Tennessee has to offer:

• Low property taxes
• no state income tax
• beautiful mountain views
• rolling hills
• private retreats
• lake homes
• farms
• productive cities at your fingertips
• and the list goes on...

Whether you are looking at our great college, Tennessee Tech, or just re-locating for retirement, there is a lot to do for everyone in our great area!

Cookeville is located just 1 hour from Nasvhille Tennessee and 1.5 hours from Knoxville Tennessee via interstate 40.

Call   Kay Bennettfor more information on re-locating to the Cookeville Tennessee Area.

Need help in getting a home loan?  Explore your options by contact Kay today!

Kay Bennett

Call 931-510-8601 or email me at kaybennett@charter.net

Fellow F1RST REALTY Company Realtor   HUNTER ENOCHS  Displays our Tennessee trademark at the top of the Summit of the Grand Teton- Wyoming.  The last time I saw Hunter I was on my way back from Hiking Bee Rock in Monterey, Tennessee - He was just getting started with loads of Rappelling gear. What a way to make a statement Hunter.

POSTED BY - CHRISTINA WILLIAMS - F1RST REALTY COMPANY CROSSVILLE, TENNESSEE.