|
How Does $8,000
Sound?
Are you a first time homebuyer
looking to buy a home? If so, did you know that you
may be eligible to receive a tax credit up to
$8,000! Now is the time for you to achieve the dream
of homeownership.
This
is only available until December 1st, 2009, so
contact me today to see if you qualify. Don't miss
this opportunity of a lifetime.
FREE INFORMATION KIT
Our
FREE Information Kit
on
"First Time Homebuyers"
will give you an idea of what to expect during each phase of
your transaction. It also contains a wealth of information that
will be a useful reference guide even after you have purchased
your home.
Allow
us to share some of the benefits of homeownership:
Pride of Ownership
Pride of ownership is the number one reason why people yearn to
own their home. It means you can paint the walls any color you
desire, turn up the volume on your CD player, attach permanent
fixtures and decorate your home according to your own taste.
Home ownership gives you and your family a sense of stability
and security. It's making an investment in your future.
Appreciation
Although real estate moves in cycles, sometimes up, sometimes
down, over the years, real estate has consistently appreciated.
The Office of Federal Housing Enterprise Oversight tracks the
movements of single family home values across the country. Its
House Price Index breaks
down the changes by region and metropolitan area. Many people
view their home investment as a hedge against inflation.
Mortgage Interest Deductions
Home ownership is a superb tax shelter and our tax rates favor
homeowners. As long as your mortgage balance is smaller than the
price of your home,
mortgage interest is
fully deductible on your tax return. Interest is the largest
component of your mortgage payment.
Property Tax Deductions
IRS Publication 530 contains
tax information for first-time home
buyers. Real estate property taxes paid for a first
home and a vacation home are fully deductible for income tax
purposes.
Capital Gain Exclusion
As long as you have lived in your home for two of the past five
years, you can exclude up to $250,000 for an individual or
$500,000 for a married couple of profit from capital gains. You
do not have to buy a replacement home or move up. There is no
age restriction, and the "over-55" rule does not apply. You can
exclude the above thresholds from taxes every 24 months, which
means you could sell every two years and pocket your
profit--subject to limitation--free from taxation.
Making your home buying transaction as easy as possible for you
is our primary goal. We are happy to serve all your real estate
needs!
Contact us
today!
Email: homes@flamentrealestate.com |