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| | Giving You The Most For Your Real Estate Dollar
"Carol Powell Your REALTOR" - Providing Real Estate Service in Springfield, Adams, Cedar Hill, Greenbrier, Pleasant View, Clarksville, White House,Cross Plains and all of Robertson, Sumner, Montgomery, and Cheatham Counties in Middle Tennessee. | |
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Carol Powell
RE/MAX 1st Choice
Springfield, TN 37172
(615) 384-7355 Office
(615) 389-1399 Direct no.
Email: powellc@realtracs.com
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VIEW MY LISTINGS!
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| SELLERS!
If you're planning to sell your home in the next few months, I will be happy to help establish your home's current market value. The correct selling price of a home is the highest price that the market will bear. To assist you in determining the correct asking price I will provide you with a comprehensive market analysis of comparable properties sold and offered for sale in your neighborhood and surrounding area. Call me today for this free service.
HELPFUL TIPS ON SELLING YOUR HOME:
So what are some of these important things that sellers can do to get a home ready to sell?
Smell is huge. Smoke, cooking certain foods, and garbage overflowing can really make a home smell bad. The minute a buyer opens the door: The smell is there and can be a quick turn off.
Empty the garbage often. Don’t open the windows; the wind can carry in smells to the home.
If someone is a smoker, they need to first eliminate all smoking in the house, or even outside of the home when the doors are open. Get an ionizer, which is great for removing smoke smells.
Also, remember that it might not be a good idea if someone might see your house tomorrow to cook lamb, broccoli, garlic or fish the night before. You won’t be able to get those smells out of the house in time before a showing. Also, make sure to take the garbage out often.
If you can’t make cookies every day to improve the smell of the home, then get a very subtle plug-in air freshener. Make sure to have it set to the lowest setting. The No. 1 scent is cinnamon; No. 2 is vanilla. Just don’t put them all over the house — it will be overpowering! If you have a two-story home, put one upstairs and one downstairs.
BUYERS!
Receive personalized MLS listings by e-mail. I will search the local MLS and find the homes that match your criteria and notify you immediately with the latest listing information!
Feel free to search for yourself with the top right button(MLS Homes Search).
BUYERS!
STIMULUS PLAN
"First-time Home Buyer Tax Credit".
Friday, November 6th, 2009
Today's Top Story
This is what I've read as of today:
BREAKING NEWS: Obama Signs Homebuyer Tax Credit Extension
November 6, 2009—President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010.
The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to homeowners who have lived in their current home for at least five years and are seeking to relocate.
The following details apply to the homebuyer tax credit expansion:
Who is Eligible
-First-time homebuyers, who are defined by the law as buyers who have not owned a principal residence during the three-year period prior to the purchase, may be eligible for up to an $8,000 tax credit.
-Existing homeowners who have been residing in their principal residence for five consecutive years out of the last eight and are purchasing a home to be their principal residence (“repeat buyer”), may be eligible for up to a $6,500 tax credit.
-All U.S. citizens who file taxes are eligible to participate in the program.
Income Limits
Homebuyers who file as single or head-of-household taxpayers can claim the full credit ($8,000 for first-time buyers and $6,500 for repeat buyers) if their modified adjusted gross income (MAGI) is less than $125,000.
-For married couples filing a joint return, the combined income limit is $225,000.
-Single or head-of-household taxpayers who earn between $125,000 and $145,000, and married couples who earn between $225,000 and $245,000 are eligible to receive a partial credit.
-The credit is not available for single taxpayers whose MAGI is greater than $145,000 and married couples with a MAGI that exceeds $245,000.
Effective Dates
-The eligibility period for the tax credit is for homes purchased after Nov. 6, 2009, and before May 1, 2010. However, home purchases subject to a binding sales contract signed by April 30, 2010, will qualify for the tax credit provided closing occurs prior to July 1, 2010.
Types of Homes that Qualify
-All homes with a purchase price of less than $800,000 qualify, including newly-constructed or resale, and single-family detached, townhomes or condominiums, provided that the home will be used as their principal residence. Vacation home and rental property purchases do NOT qualify.
Tax Credit is Refundable
-A refundable credit means that if the amount of income taxes you owe is less than the credit amount you qualify for, the government will send you a check for the difference.
-For example:
-A first-time buyer who qualifies for the full $8,000 credit who owes $5,000 in federal income taxes would pay nothing to the IRS and receive a $3,000 payment from the government. If you are due to receive a $1,000 refund, you would receive $9,000 ($1,000 plus the $8,000 first-time homebuyer tax credit).
-A repeat buyer who owes $5,000 would pay nothing to the IRS and receive $1,500 back from the government. If you are due to get a $1,000 refund, you would get $7,500 ($1,000 plus the $6,500 repeat buyer tax credit).
-All qualified homebuyers can take the tax credit on their 2009 or 2010 income tax return.
Payback Provisions
The tax credit is a true credit. It does not have to be repaid unless the home owner sells or stops using the home as their principal residence within three years after the purchase.
The www.federalhousingtaxcredit.com site is being updated. Check this site next week for more detailed information on the new tax credit.
More Info:
The buyers may now use the $8000 Tax Credit towards Downpayment as well as Closing Cost on a FHA loan.
Hope this information is helpful and if you have any questions
please give me a call or call your tax person for more info.
16 Years Of Real Estate Experience
"Life Member Of The Million Dollar Sale Team"
"Member Of RE/MAX 100% Club"
Specialization
I specialize in representing my clients in the purchase and sales of single-family residence and farms and land within the local area. I keep current of all transactions in these areas, and I'm also very knowledgeable about local area schools.
Personal
I'm a Robertson Co. native having been born and raised in the local area. My youth was filled with extra-curricular activities and organization centered around school, church and athletics.
I studied Real Estate at North Central Institute in Clarksville, Tn to become a full time Realtor. Current hobbies of mine include spending time with the family, traveling, gardening, cooking, and volunteering with various programs and organizations.
Please call me today for all your real estate needs!
Direct line # (615)389-1399 and ask for Carol Powell
For more information go to: tn.living.net
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