Ken & Denyse-Mooresville & Lake NormanNorth Carolina Real Estate

As townhome & condo communities become more & more popular with home buyers in the Mooresville/ Lake Norman North Carolina region we frequently receive questions from buyers about the style of living & the difference between single family home communities & condo complexes. This series will attempt to provide answers to all of ...

Because many people moving from other areas of the country do not have the abundance of planned communities and subdivisions that we have here in the Lake Norman and Mooresville NC area we are taking the opportunity to begin a series on  subdivisions so that home buyers can explore the choice or "subdivision living or not?". ...

Comparing this past August to August of 2008 we see only one major change : prices! Homes are listed for sale approximately 16% below the prices for the same time last year. It's a great time to buy a new home in the Lake Norman area, especially for first time home buyers who can take advantage of the $8000 tax credit being offered until ...

I bought a home in early 2009 & claimed the 2008 tax credit of $7500 on my 2008 tax return. How can I claim the 2009 tax credit of $8000 instead?  File an amended 1040X tax return form for 2008. Make sure you consult a tax advisor to ensure you file the return properly! I hired a contractor to construct a home on a lot that I already ...

What types of homes will qualify for the tax credit? Any home that will be used as a principal residence qualifies for the credit. this includes single family homes, condos & town homes, manufactured ( mobil) homes, modualr homes & even houseboats. If it qualifies for the capital gains tax on a primary residence, it qualifies forthe tax ...

So far we have answered questions on eligibility, the amount of the credit and income limits as applied to the credit. Let's move on! How is a partial credit determined? There is a $20,000 difference between those who are eligible for a full tax credit & those where the credit is reduced to zero.  If you take the amount that you are ...