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It is that time of the year again... crisp morning air, pumpkin pies baking in the oven and spending time with family and friends tailgating, at ball games, cookoouts, hay rides or sitting around a bonfires... and it is still a great time to buy a home! Interest rates are still low, home prices are still very affordable and Obamam just extended and expanded the home buyer's tax credit unitl April 30, 2010! The $8000.00 first-time home buyer tax credit bill was extended and expanded by President Obama to help encourage households to enter the housing market while interest rates are low and affordability is high. The credit does not have to be repaid and has been expanded to include people that currently own homes, and the credit is fully reimbursable, so households can get their credit returned to them in the form of a payment unless less you owe the government taxes. Then the amount owed would be deducted from the tax credit amount. This makes NOW an incredible time to buy a home! Here is a summary of the credit that may help answer questions for you. Also, recommend seeking the advice of a certified accountant for more specific details.
-Expiration date for credit is April 30, 2010 and MUST close by June 30, 2010.
-First-time buyers still eligible for same credit ($8,000 for married couples, $4,000 for those filing separately).
-Current homeowners, who have consecutively maintained the home they want to sell as their primary residence for five of the last eight years, are also eligible. However, the maximum amount for those homeowners is lower ($6,500 for married couples, $3,200 for separate filers)
-The tax credit may not used to purchase a home for more than $800,000
-The income limits for both tax credits have been raised to
$125,000 for single buyers and $225,000 for married couples
It is also very important to have a trained and experienced REALTOR working for you and with you to obtain your real estate goals and to look out for your best interest! I can assist you whether you are considering purchasing or selling real estate in Sevier County or the surrounding areas of East Tennessee! I am here to help you find the pre-construction & custom-built homes & buildings, residential, permanent or vacation homes, overnight rental cabins, investment properties and mountain hideaways that you have been dreaming of owning!
I will provide you with experience, personal attention, and support from an excited and dependable team of RE/MAX Professionals, along with other dependable service providers in related fields, including lenders, surveyors, hoem inspectors, exterminators, licensed builders and interior decorators to landscape and lawncare specialists! I'm there for you from contract to closing, and afterwards! Whether you are building, purchasing or selling real estate in Sevierville, Gatlinburg, Kodak, Seymour, Wears Valley, or in Sevier, Jefferson, Knox or surrounding areas, I am the RE/MAX Professionals to call!
I am native of Sevier County and a member of the Great Smoky Mountain Association of Realtors, Recipient of 2008 The Mountain Press Reader's Choice Award, the RE/MAX President's Club Award in 2008, the RE/MAX Executive Club Award 2007, the RE/MAX 100% Club 2004 & 2005 and the RE/MAX President's Award for 2003. We each have 500 hours education in real estate, a Graduate of the Real Estate Institute (GRI), Accredited Buyers Representative (ABR), my e-PRO Designation, am a licensed real estate broker.
If I can be of further assistance to you with real estate needs, there's only call to make! Bookmark this site because informaiotn changes frequently. Visit www.TracyManning.com to view other listings located in the Great Smoky Mountain area! We're looking forward to talking with you!
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