Serving the Triangle since 1996!

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The Historic $8000 Tax Credit has been extended! 

This historic incentive provides a $8,000 tax credit for first-time home buyers has been extended.  The new date that you have to be in a contract (fully accepted and offer signed by all parties) is April 30, 2010.  You must close on the property by June 30, 2010.

Above, I put Tax Credit in italics...why?  Because many people confuse a Tax Credit with a Tax Write-off.  They are very different.  First, what is a Tax Write-off?  Let's say that you spend $10,000 on your business and the IRS allows you to "write-off" that $10,000 as a valid business expense.  That means that to calculate your taxes you would subtract that $10,000 write-off from your taxable income.  This would save you from paying taxes on that $10,000.  A nice savings.

A Tax Credit is MUCH BETTER!  If the the IRS gives you a Tax Credit it allows the full amount of that credit to be subtracted from the actual tax bill.  So, if you normally would owe $8000 in taxes, you would, under this program, pay no taxes.

Let's say that you owe only $5000 in taxes.  Not only would not owe any taxes, but, under this program, the IRS will mail you a check for the balance of your credit, which would equal $3000.

As usual, rules and restrictions apply, and everyone's tax situation is different, so consult your tax professional concerning this tax credit. 

Call Mike today at 1-919-788-9772 or email him at mike@gourleyrealestate.com to learn more about the First Time Home Buyer Incentive. 

* For answers to frequently asked questions about the tax credit click HERE

THIS JUST IN...

     Good News...the economy is improving.

     Bad News...the economy is improving.

    Money Magazine (dec. '09) recently outlined how interest rates may very well rise in 2010 due to an improving economy.  They went on to detail what happens to your buying power when rates go up.

    Today: 5.15% means that the average buyer could afford a median home of $174,900.

    2010: If rates jump to 6% then the median price an average buyer could afford would drop to $159,250.

    That is a difference of $15,650 worth of home from a moderate rise in interest rates.  At a rate of $100/sq.ft. this is equivalant to a 12 x 13 room.

"When opportunity knocks...answer!"

Interest rates are low, and renting is no way to spend your hard-earned money.  You will have nothing to show for it in the short or long run.  With that first home you can build up equity that can later be leveraged to ultimately move up to your dream home.  The first step is to Get In The Game!

Yes, BANKS ARE LENDING MONEY!

100% loans...they are available!  And, rates are low...REALLY low.  If you have good credit (not perfect) you can get a loan with 0% down.  As always, restrictions apply.  FHA loans are available with 3.5% down, and conventional loans are available at 5% down.  Call me today to get the process started!

"You can't control the wind, but you can control the sails." 

Challenging times always bring great opportunities. Interest rates are at historic lows, and sellers are more flexible than ever.  But you say you want to wait till you can get top dollar for your existing home?  Well, when that happens, the home you go to buy will be commanding top dollar too.  Why wait?  Consider if now might be the perfect time to move up!

Surfs up!

Want to surf the web to see what is on the market.  This is the only place you need to be!  Many sites have out of date, or unreliable data.  My data is kept current by the Triangle Regional Mulitiple Listing System.  No other website anywhere  has a more complete and current listing of Triangle Area homes.  Simply click on "Search for Homes Here!" .  There you will see all the New and Resale Homes in the Triangle Area. 

Selling? 

The National Association of Realtors has documented that sellers marketing with a professional net 16% more from the sale of their home.  Think for a moment; what product doesn't benefit from marketing?  Homes are no different.  Marketing pays.  Professional Marketing pays big! 

Professional negotiations reap big rewards too!  But, like every other profession, not all agents are the same.  With my detailed marketing plan and years of experience you will acheive great results.

Buying?

Pssst....have you heard?  This is a BUYER'S Market!  If possible, you always want to buy in a Buyer's Market.  The Triangle area is almost always in a Seller's Market.  Don't miss out on this opportunity!

Free Assistance

Want the best home for the money in the least amount of time?  You'll find it with my free time-saving Buyer Service.  Benefit from all my tools, specialized training, and knowledge.  With you every step of the way, I'll negotiate on your behalf to get the best price and the best terms.  Throughout all the inspections and the many closing details you'll have a pro beside you taking care of all the details.  The best part of all...this buyer service saves you money and is FREE!

Call Today!

Call today at 1-919-788-9772 or email at mike@gourleyrealestate.com, for a no-pressure consultation so that we can discuss where you are today, where you'd like to be tomorrow, and how we can help you get there.

P.S.  Be sure to ask about the ABSOLUTE GUARANTEE on my Seller and Buyer services!

 
Thanks again for visiting this website!