The First Time Home Buyers Tax Credit has helped the worst real market since the Great Depression begin to recover. The $8000 credit is set to expire on November 30, 2009, however many are pushing to extend the credit. Over the last few days, multiple media sources have reported that senate negotiators have reached an agreement to extend the tax credit until April 30th, but it's passage remains uncertain.
The agreement has been expanded to include certain move-up home buyers as well. This new credit would be extended to all home buyers who have been in their residence for a five-year consecutive period up to $6500. The tax credit extension would be extended to all buyers under contract by April 30, and closed by June 30, 2010. It's been proposed to increase income limits to $125,000 for singles and $250,000 for couples. The credit would be phased out for buyers earning more than these amounts.
The real estate market has been weak nationwide, however the first time home buyer credit has been a boost to the market recovery. The recovery has been slightly slowed down by the drop in new home sales in September that was reported last week. Economists and real estate professionals believe an extension of the credit would help improve the market and the economy.
If you are ready to take advantage of this credit and looking to buy or sell real estate in the Winston Salem, NC area, please contact me at (336) 462-9544.
The 1970’s brought the first real estate franchise companies. Many agents still find themselves wondering how paying the high fees charged by some of the companies helps them in their local market. The 1980’s brought the desk fee model where ongoing fees are charged whether or not transactions are being completed. Next we saw the multi-level profit sharing model, which offered a possibility of profits with a variety of complicated formulas.
Just 9 years ago, EXIT Realty opened its doors in the U.S. Why are we growing so fast? EXIT Realty is a proven business model that offers the best training in the industry and offers the most generous income potential! The icing on the cake? EXIT offers new additional income streams and retirement security for you and your family.
Our mission is to establish the EXIT Realty system by selecting and qualifying the right agents to effectively expand in the Winston Salem real estate market. Our system offers constant teaching, training and coaching, thus improving agent productivity. At EXIT Realty Elite, we consider our AGENTS to be the assets of the corporation. Throughout the entire system our agents benefit from the finest training available in the industry.
EXIT Realty provides security, stability and direction for our agents while our brokers benefit from EXIT’s unparalleled advantage in the areas of recruiting, profitability and retention. EXIT does not charge desk fees or royalties to our agents. In addition, EXIT offers a third dimension in real estate.
EXIT associates can earn up to $10,000 per year, per agent sponsored into any EXIT office across North America, as well as retirement and beneficiary benefits.
In the last 9 years, EXIT Realty has paid over $150 MILLION in sponsoring bonuses to our associates across North America. Talk about a win/win for brokers and agents! All EXIT associates share the ability to earn over 100% without being nickel-and-dimed.
For 2009 and beyond, EXIT Realty is the WAY TO GROW!
Want more information? Just fill out the “comments” form below and we will contact you immediately. Or call Tony Green, EXIT Realty Elite, Broker/Owner @ 336-287-4423.
Think EXIT. Think Real Estate!
Recent legislation has been changed related to the First Time Home Buyer’s Tax Credit. This change was made to get money into the hands of home buyers more quickly to hopefully stimulate the economy. The IRS now allows the tax credit to be claimed on the 2008 tax return. For taxpayers who have bought or will buy in 2009, they may file an amended return by filling out IRS Form 5405 to receive the credit sooner. For homes that were purchased in 2008, the tax credit must be paid back over a 15 year period. For homes bought in 2009, the tax credit does not have to be paid back.
The First-Time Homebuyer credit is an excellent tax break for someone looking to purchase a home for the first time. Once you have made the decision to purchase a home in the Winston Salem area, contact me to assist you in your search. I offer several free tools to help speed up and narrow down your search to find your dream home. You can reach me at (336) 287-4423 or toll free at (877)-6GO-EXIT. Tony Green, Exit Realty Elite, Winston Salem, NC
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