Ken & Denyse-Mooresville & Lake NormanNorth Carolina Real Estate

Following up with part 2 on the Q&A series on Subdivisions and Planned Communities in the Mooresville and Lake Norman North Carolina area, we pick up the discussion with 2 more frequently asked questions put forth by potential home buyers in a community governed by a Homeowners Association. Do I have to join the association? Membership ...

Thinking that you can't afford to buy a home? Unsure about becoming a new homeowner in this economy? Think Again! The truth is you can't afford NOT to buy a home in the Mooresville and lake Norman North Carolina area. There are some really great deals out there right now!  A buyer has a plethora of homes to choose from including ...

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 ...

Linwood Farms, Mooresville  -  Announcing a price reduction on 170 Golden Valley Drive, a 2,674 sq. ft., 3 bath, 4 bdrm 2 story "Open Floor Plan". Now MLS® $285,000 - Priced To Sell!. Property information

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 ...

How does the new tax credit differ from teh 2008 tax credit? The most significant difference is the this year's tax credit does not have to be repaid! This tax incentive is a true tax credit. but home buyers must use the residence as a principal for at least three years or face having to repay it. Certain exemptions do apply.   How do ...

How is this home buyer tax credit different from last years (2008)? the most significant difference is that this tax credit Does Not Have To Be Paid Back!  This tax incentive is a true tax credit. but, homes buyers must use the property as a principal residence for at least 3 years or face having to repay it.  Certain exceptions ...

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 ...

Does your income matter when claiming the tax credit? The full tax credit of $8000 is given to buyers with a modified gross adjusted income of less than $75,000 for single taxpayers and $150,000 for married taxpayers filing a joint return.  For taxpayers with MAGI of more than $95,000 (single) or $170,000 (marreid) the credit is reduced to ...

There is some confusion surrounding all of the qualifiers attached to this new Tax Credit in the Stimulus Plan. Our goal in publishing this is to tackle the questions one or two at a time & to provide potential buyers with all of the information they may need to take advantage of this incentive! If you missed the last post simply email me at ...