Topics For Buyers & Sellers - Another reason for homeownership!  

2009 Tax Tips 

Tax time is coming up. Don’t forget about the following benefits in 2009 for homeowners. What’s deductable in itemized deductions for homeowners? 

1. Mortgage Interest 

2. Points - paid at closing if you purchased or possibly if you refinanced this year 

3. Mortgage Insurance Premiums 

4. Property Tax 

5. Energy Efficiency Credits - see IRS Form 5695 for qualifying projects 

6. Home Buyer Tax Credit - see IRS Form 5405 to claim your credit if you qualify 

Good News for Today's Buyers:
Homes Are Affordable.
Selection is Great!
Your Buying Power is up!
Prices have adjusted! That means this is a prime opportunity for you to purchase low or buy more for your money. Financing is still available at historically low rated. If you are looking to build long-term wealth with real estate, don't miss out on taking advantage of this market!
There are many great deals for homes here in this part of North Carolina. Pinehurst, Southern Pines, Aberdeen, Whispering Pines, Vass, Cameron, Pinebluff, and Seven Lakes have beautiful homes with great prices!
Our website, www.PinehurstHomeSearcher.com is an easy way to search on line! Great Deals Every Day!  

Your Last Chance!!! It Pays to Buy Now!  

The federal tax credit for home buyers was recently extended and expanded!
First-Time Home Buyers: If you have not owned a home within the last 3 years, you may be eligible for a tax credit of 10% of the purchase price of your first home up to $8,000.00
Current Home Owners: The tax credit program has been expanded to include you, giving you some additional incentives to move to a new home! You're now eligible for a tax credit up to $6,500.00 if you have owned and occupied your current residence for 5 consecutive years during the last 8 years.  

To qualify for either of these tax credits, you need to act now! All contracts need to be in effect no later than April 30, 2010 and close no later than June 30 2010. Qualifying buyers may purchase a property with a maximum sales price of $800,000.  

As we weather this economic storm, there are three essential principles we can count on for the future:
1. Inflation leads to higher interest rates.
2. Houses are selling in high quantities.
3. If you're a buyer, it's time to purchase or miss out on the opportunity!  

"Get ready for inflation and highter interest rates." Arthur B. Laffer, Wall Street Journal, June 11, 2009  

Buyers: don't make the mistake of waiting for everybody else to make a move before you feel comfortable enough to purchase. Many people have made a purchasing decision already, and we never know what the bottom of the market is until it has passed. Here's one thing you can take to the bank -- higher interest rates are the equivalent of a price increase.  

People are waiting for prices to continue to drop; however, when rates go from 5% to 7%, it is the equivalent of a 20% increase in price to the borrower. Now's the time to buy!
high quantities.
According to the National Association of REALTORS®, the U.S. is currently in position to sell 4.68 million homes this year.
That would put 2009 within the top 5% of homes sold in U.S. history. Although many people are purchasing distressed
properties in foreclosure or short sales, there’s also a large number of purchases made on non-distressed property sales.
The market is indicating that we may have reached the bottom.

 

- Lucretia Pinnock 

This May Be Your Last Chance!!! It Pays to Buy Now!  

The federal tax credit for home buyers was recently extended and expanded!
First-Time Home Buyers: If you have not owned a home within the last 3 years, you may be eligible for a tax credit of 10% of the purchase price of your first home up to $8,000.00
Current Home Owners: The tax credit program has been expanded to include you, giving you some additional incentives to move to a new home! You're now eligible for a tax credit up to $6,500.00 if you have owned and occupied your current residence for 5 consecutive years during the last 8 years.  

To qualify for either of these tax credits, you need to act now! All contracts need to be in effect no later than April 30, 2010 and close no later than June 30 2010. Qualifying buyers may purchase a property with a maximum sales price of $800,000.  

Spring is coming to Pinehurst and Southern Pines and North Carolina is a great place to live!!! We can help you to find a great home! Don't miss this opportunity!
As we weather this economic storm, there are three essential principles we can count on for the future:
1. Inflation leads to higher interest rates.
2. Houses are selling in high quantities.
3. If you're a buyer, it's time to purchase or miss out on the opportunity!  

"Get ready for inflation and highter interest rates." Arthur B. Laffer, Wall Street Journal, June 11, 2009 

Buyers: don't make the mistake of waiting for everybody else to make a move before you feel comfortable enough to purchase. Many people have made a purchasing decision already, and we never know what the bottom of the market is until it has passed. Here's one thing you can take to the bank -- higher interest rates are the equivalent of a price increase.  

People are waiting for prices to continue to drop; however, when rates go from 5% to 7%, it is the equivalent of a 20% increase in price to the borrower. Now's the time to buy!
high quantities.
According to the National Association of REALTORS®, the U.S. is currently in position to sell 4.68 million homes this year.
That would put 2009 within the top 5% of homes sold in U.S. history. Although many people are purchasing distressed
properties in foreclosure or short sales, there’s also a large number of purchases made on non-distressed property sales.
The market is indicating that we may have reached the bottom.