First Time Home Buyer's Tax Credit * Latest Information * Franklin NC Real Estate

First Time Home Buyer's Tax Credit * Latest Information * Franklin NC Real Estate


Don't miss your golden opportunity - Less than 100 days left!

Thanks to the extension of the Federal Home Buyer Tax Credit, 2010 presents financial opportunities for you to own a new home! As your year progresses it's easy to overlook just how valuable this one-time tax credit is. You have until April 30th, 2010 to contract the purchaseof a home, and must close on that home by June 30, 2010.
Let's take a look at a few factors and examples of why it's a good time to buy.

• The benefit for eligible first-time home buyers is a tax credit up to $8,000*, and for eligible existing home owners up to $6,500*.

• Prices have continued to decline compared to last year according to NAR's Median Sales Prices of Single Family Homes. This is making homeownership more affordable especially when combined with historically-low mortgage rates.
  

Learn more about the credit

Search for a Home in FRANKLIN NC

* Certain Income and Ownership Restrictions Apply This is intended to provide an overview only – for specific information or individual concerns, please contact your lawyer, accountant and/or financial advisor. First-time home buyers and move up buyers have another great reason to get on the path to purchasing a new home! The benefit to First-time homebuyers is a tax credit up to $8,000 and for qualified Move-up buyers a tax credit up to $6,500. But this opportunity ends in April.

Between November 7, 2009 and April 30, 2010, homebuyers that have a signed binding contract to purchase a home by April 30, 2010 may be eligible for the tax credit. The transaction must close by June 30, 2010.

For First-Time Homebuyers, a tax credit up to $8,000 ($4000 for married filing separate), homebuyers may receive a credit of 10 percent of the purchase price up to the $8,000 tax credit amount. If you have never owned a home before or have not owned a principle residence in the last three years, you are considered a First-Time Homebuyer.

For the "Move Up" consumer, a tax credit of up to $6,500 ($3250 married filing separate) is available for Homeowners who have lived in their current residence for at least five consecutive years out of the past eight years. The homebuyers can receive a credit up to $6,500 when they contract to purchase a home by April 30, 2010, and close by June 30, 2010

The tax credit does not have to be repaid provided you live in the new home for a minimum of three years. Military families who must move due to a call to active duty are exempt from this minimum.

FOR THE LATEST TAX CREDIT INFORMATION GO HERE

This is intended to provide an overview only - for specific information or individual concerns, please contact your lawyer, accountant and/or financial advisor.


Macon County NC Real Estate with Specialty in Franklin & Otto"Offering Solutions to My Clients"Your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head, provides a superior level of informed, professional real estate service to Buyers and Sellers. You can obtain any information you require in order to make an informed purchase regarding Franklin NC Homes for Sale and Franklin NC Properties for Sale with John Becker at Exit Smokey Mountain Realty. Call 828-506-3719..

Residential Foreclosure Listings In Franklin NC - Bald Head

Residential Foreclosure Listings In Franklin NC - Bald Head

Franklin North Carolina, Macon County has experienced some rough financial times as well as the rest of the nation says "Bald Head the Realtor". Thankfully, not nearly as severe as most areas in America. As a result of the financial crisis that we've been digging out of, some folks were unfortunate in that they are losing their homes and to them our prayers and support go out. However, this situation of losing homes has allowed nearly 40 homes in Macon County NC to come on the market at drastically reduced "foreclosure" pricing.

These foreclosure homes range in price from $59,000 to over 1 Million dollars. There are also many "land foreclosures" available for your review at Franklin NC's premier real estate website, http://www.baldheadtherealtor.com/ There are some unprecedented real estate opportunities available to those who would take a few moments to stare opportunity in the eye.

Franklin NC Real Estate - Macon County NC- Otto, NC

"Offering Solutions To My Clients"John Becker / Bald Head - your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head provides a superior level of informed, professional real estate service to Buyers and Sellers of real estate in Franklin NC, Macon County, Otto NC, and the Great Smoky Mountains. You can find every bit of information you require for your Franklin, NC real estate endeavor with John Becker / Bald Head Exit Smokey Mountain Realty.Call 828-506-3719

"UPDATED" First Time Home Buyer's Tax Credit Information - Franklin NC Real Estate

"UPDATED" First Time Home Buyer's Tax Credit Information - Franklin NC Real Estate

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.

Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Who Qualifies for the Extended Credit?

First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

To qualify as a "first-time home buyer" the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.If you or your client purchased a home between January 1, 2009 and November 6, 2009, please see: 2009 First-Time Home Buyer Tax Credit.

Which Properties Are Eligible?

The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.How Much Is Available?
The maximum allowable credit for first-time home buyers is $8,000.
The maximum allowable credit for current homeowners is $6,500.How is a Buyer's Credit Amount Determined?

Each home buyer's tax credit is determined by two additional factors:
The price of the home.
The buyer's income.
PriceUnder the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.

Buyer IncomeUnder the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.

These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you purchased a home between January 1, 2009 and November 6, 2009, please see 2009 First-Time Home Buyer Tax Credit.

If the Buyer(s)' Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.Can a Buyer Still Qualify If He/She Closes After April 30, 2010?
Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.

If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.

Franklin NC Real Estate - Macon County NC- Otto, NC"Offering Solutions To My Clients"John Becker / Bald Head - your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head provides a superior level of informed, professional real estate service to Buyers and Sellers of real estate in Franklin NC, Macon County, Otto NC, and the Great Smoky Mountains. You can find every bit of information you require for your Franklin, NC real estate endeavor with John Becker / Bald Head Exit Smokey Mountain Realty.Call 828-506-3719

430 Summit Road * Otto NC * Franklin NC Real Estate

430 Summit Road * Otto NC * Franklin NC Real Estate

See this new listing from John Becker Bald Head!

Dynamic 3BR/2BA home in Otto NC just 10 miles south of Franklin NC! Downstairs mother-in-law suite with full kitchen, living Rm, full bath.. inside and outside access, lots of windows.Cheerful! Main level has 2BRs,Kitchen,Laundry & Living rm..Lots of Glass and plenty of light in this home. Woodburning fireplace, and BBQ fire place built in! Lovely wrap around covered deck for Mtn. gazing in any weather. Attached car port with access to Mother in law qtrs. Powered workshop. Easy driveway. You won't need 4 wheel drive it's easy!

430 Summit Road * Otto NC * Franklin NC Real Estate

See this new listing from John Becker Bald Head!

FOR MORE INFORMATION AND PHOTOS GO HERE.



Franklin NC Real Estate - Macon County NC- Otto, NC"Offering Solutions To My Clients"John Becker / Bald Head - your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head provides a superior level of informed, professional real estate service to Buyers and Sellers of real estate in Franklin NC, Macon County, Otto NC, and the Great Smoky Mountains. You can find every bit of information you require for your Franklin, NC real estate endeavor with John Becker / Bald Head Exit Smokey Mountain Realty. Call 828-506-3719

Franklin NC Real Estate * 243 Hidden Trail * Mountain Cottage

Franklin NC Real Estate * 243 Hidden Trail * Mountain Cottage
3BR - 2.5 Bath 1.5 Acres! $89,900
This cottage is in good shape, has a nice view, private well, enclosed aluminum sundeck, 3000'elevation(+/-) and is located in a very nice area at the end of Ledford Branch Rd. Easy access driveway and multiple decks. Perfect mountain get-a-way. Updated thermal windows,all electric appliances. Plenty of room for everyone! And 1.5 Acres +/- and priced to sell quickly.




Franklin NC Real Estate - Macon County NC- Otto, NC
"Offering Solutions To My Clients"
John Becker / Bald Head - your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head provides a superior level of informed, professional real estate service to Buyers and Sellers of real estate in Franklin NC, Macon County, Otto NC, and the Great Smoky Mountains. You can find every bit of information you require for your Franklin, NC real estate endeavor with John Becker / Bald Head Exit Smokey Mountain Realty.Call 828-506-3719

69.3 Acres * 598 Justice Road * Otto NC - Franklin NC Real Estate *Bald Head

69.3 Acres * 598 Justice Road * Otto NC - Franklin NC Real Estate *Bald Head

Fantastic 69.3 acre tract in the FRANKLIN NC, OTTO NC area with well/septic, 1/4 acre pond and creek.. 20 acres in meadow/pasture.. surrounded by USFS Lands to the North & West. Springs abound on this land and it has beautiful southern exposure views and PEAK VIEWS of the Little Tennessee River..Perfect piece of land for a lovely private estate and yet very close to town. Property consists of 4 contiguous tracts being sold as ONE. Elevations range from 3300 - 2200 ft. Gentle approach road... lots of wild life and an abundance of PEACE! Go here for more information and photos.




Franklin NC Real Estate - Macon County NC- Otto,NC
"Offering Solutions To My Clients"
John Becker / Bald Head - your gateway to Paradise in the Smokey Mountains of Franklin, NC. John Becker / Bald Head provides a superior level of informed, professional real estate service to Buyers and Sellers of real estate in Franklin NC, Macon County, and the Great Smoky Mountains. You can find every bit of information you require for your Franklin, NC real estate endeavor with John Becker / Bald Head Exit Smokey Mountain Realty.Call 828-506-3719

Franklin NC Real Estate * 206 Old Smokey Gap Road * Log Home

Franklin NC Real Estate * 206 Old Smokey Gap Road * Log Home

This is a super clean & tidy 2BR/1BA Log Home..Beautiful setting in the quiet woods of Franklin NC! Plenty of room for a garden...Close to town but very PRIVATE (no visible neighbors)This cabin has hardwood floors, a wood burning fireplace, and it comes furnished and ready to go! In very good condition and well taken care of! New well pump installed a few months ago... You've got to see this one to believe!



Go here to see a virtual tour of this property.


Franklin NC Real Estate - Macon County NC- Otto,NC"Offering Solutions To My Clients"
John Becker / Bald Head - your gateway to Paradise in the Smokey Mountains of Franklin, NC.John Becker / Bald Head,provides a superior level of informed, professional real estate service to Buyers and Sellers of real estate in Franklin NC, Macon County, and the Great Smoky Mountains. You can find every bit of information you require for your Franklin, NC real estate endeavor with John Becker / Bald Head Exit Smokey Mountain Realty.Call 828-506-3719