Moyock Real Estate - RE/MAX Alpha Realty » Uncategorized http://www.remax-alpharealty-moyock-nc.com/blog Moyock Real Estate Blog Sun, 31 Jan 2010 21:40:38 +0000 http://wordpress.org/?v=2.8.5 en hourly 1 The New Credit for Home Buyers http://www.remax-alpharealty-moyock-nc.com/blog/moyock-real-estate/the-new-credit-for-home-buyers/ http://www.remax-alpharealty-moyock-nc.com/blog/moyock-real-estate/the-new-credit-for-home-buyers/#comments Tue, 05 Jan 2010 04:31:32 +0000 Mary Blogg http://www.remax-alpharealty-moyock-nc.com/blog/2010/01/04/the-new-credit-for-home-buyers/ A new law that went into effect Nov. 6 extends the first-time homebuyer credit five months and expands the eligibility requirements for purchasers.

The Worker, Homeownership, and Business Assistance Act of 2009 extends the deadline for qualifying home purchases from Nov. 30, 2009, to April 30, 2010. Additionally, if a buyer enters into a binding contract by April 30, 2010, the buyer has until June 30, 2010, to settle on the purchase.

The maximum credit amount remains at $8,000 for a first-time homebuyer –– that is, a buyer who has not owned a primary residence during the three years up to the date of purchase.

But the new law also provides a “long-time resident” credit of up to $6,500 to others who do not qualify as “first-time homebuyers.” To qualify this way, a buyer must have owned and used the same home as a principal or primary residence for at least five consecutive years of the eight-year period ending on the date of purchase of a new home as a primary residence.

For all qualifying purchases in 2010, taxpayers have the option of claiming the credit on either their 2009 or 2010 tax returns.

]]> http://www.remax-alpharealty-moyock-nc.com/blog/moyock-real-estate/the-new-credit-for-home-buyers/feed/ 0 The New RE/MAX Alpha Realty Blog http://www.remax-alpharealty-moyock-nc.com/blog/moyock-real-estate/remax-alpha-realty-blog/ http://www.remax-alpharealty-moyock-nc.com/blog/moyock-real-estate/remax-alpha-realty-blog/#comments Tue, 20 Oct 2009 15:40:36 +0000 Blog Administrator http://www.remax-alpharealty-moyock-nc.com/blog/?p=1 Welcome to RE/MAX Alpha Realty’s newest feature!! We are inviting you to tell us of your concerns and ask any questions you may have concerning the housing situation is northeastern North Carolina and the Tidewater area.  What difficulties are presenting themselves to you in your search for a new home or what concerns do you have with the financing and purchasing another home? Are there problems with maintaining or refinancing your current mortgage? How difficult has it been to sell your current home?

Just ask your questions here and we will be glad to assist you in any way that we can to find the answer to your questions.

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