Posts Tagged ‘Lake Toxaway Real Estate’

THE REAL ESTATE MARKET – WANT TO BUY FORECLOSURES IN CASHIERS, HIGHLANDS, GLENVILLE, SAPPHIRE OR LAKE TOXAWAY, NC?

Friday, January 20th, 2012

Some people are daunted by the current real estate market.  Do you invest now or wait and see what’s going to happen?  One way to know you’re buying the very best possible deal on a home in Highlands, Cashiers, Glenville, Sapphire  and Lake Toxaway is to buy a foreclosure property.  Foreclosure properties are well-known for being as good a deal as anyone can get anywhere.  Generally, foreclosures ARE the best possible home purchase to make.  When considering a foreclosure home to purchase, remember that the home is probably going to have to have some repairs made, and there will be some appliances that will need to be purchased.  If spending $25,000 to repair and replace, does it make financial sense to purchase a foreclosed property?  In many cases, it does.  In SOME cases, it doesn’t.  Point being, when considering a foreclosure, bear in mind what might have to be spent…do your due diligence before closing!  Have a home inspection.  Get a contractor’s opinion.  Price appliances.  If you can get a good deal on a home and not go through the repair/replace process, that could be the answer.  Talk candidly to your Realtor.  See what’s out there in your price range, foreclosure or not.  If you decide that a foreclosure property is right for you, your Realtor can guide you safely through the process.  Make sure to look carefully at what you’ll need to do in order to make that purchase.  You’ll need to have proof of funds or a current pre-qualification letter from a lender.  Earnest Money deposits will need to be certified funds.  The process can take a while, so be patient.  You may be asked to come up with forms or other paperwork you don’t normally have to provide in a “normal” transaction.  Please listen to the experts. 

 

In the end, your purchase will be something everyone hopes you’ll be proud of!  I can help you navigate those waters and land on shore with ease.  I hope if you’re considering any kind of Cashiers Home, Highlands Home, Glenville Home, Sapphire Home or Lake Toxaway Home purchase, you’ll call on me.  I have the experience, tenacity and patience to get through the process with relatively little inconvenience to you, the Buyer.  I have some foreclosures listed that may be of interest to you!  Let me know how I can help you.

COME ON IN – THE WEATHER’S FINE IN CASHIERS, HIGHLANDS, SAPPHIRE, GLENVILLE AND LAKE TOXAWAY

Thursday, January 19th, 2012

It’s been a really temperate winter so far here in the mountains of western North Carolina.  We’ve had one bout of below freezing weather, which is just incredible!  Since the winter’s turning out to be so mild, it can be a great time to come up and look at Cashiers Homes for sale!   Ditto for Highlands, Sapphire, Glenville and Lake Toxaway.  If you’re wondering if there are activities beyond looking for a mountain home, you’ve hit the jackpot!  In the Sapphire Valley area of the plateau, you and your family can enjoy skiing, snowboarding and tubing on one of the closest ski slopes for those of us who live in the southeast.  There are those die-hard restaurants that stay open for us locals during the winter months, so dining out can still be a pleasure!  The waterfalls are still magnificent and many days are still suitable for cool-weather hiking!  The mountain experience can be yours during the winter, spring, summer or fall.  Why wait any longer for your little corner of the western North Carolina mountains?  Pricing for homes and condos haven’t been better in many years, and it is believed they won’t be this great ever again.  Come on up —- the weather’s fine!!!

Extended Home Buyers’ Tax Credit

Friday, November 20th, 2009
Many of us interested in buying a home have been put off by the uncertainty of these economic times and the housing market itself. Frankly, the time to buy a home is NOW! Not only is housing inventory high right now, but there has been an extension of the government incentive of First Time Home Buyer Tax Credit. In fact, it has been expanded to include current homeowners as well.
The definition of a first time homebuyer is somewhat liberal. The purchase must occur between November 7, 2009 and April 30, 2010 and the maximum allowable credit for first time homebuyers is $8,000. In order to qualify, the buyer (or spouse) must not have owned a home in the past three years. Single buyers with incomes up to $125,000 and married couples with incomes up to $225,000 may receive the tax credit. If income exceeds these amounts, some buyers may still be eligible for the credit. The amount of the credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and $245,000 for homebuyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Homebuyers earning more than the maximum qualifying income – over $145,000 for singles and over $245,000 for couples are not eligible for the credit.

There’s also good news for current homeowners, wishing to purchase a new or existing home between November 7, 2009 and April 30, 2010. If those current homeowners have used their home being sold or vacated as a principal residence for five consecutive years within the last eight, they are also eligible for up to a maximum $6,500 in tax credit.

Not only is the tax credit available on single family homes, but also on other primary residences such as condos, townhomes and co-ops purchased for $800,000 or less. As long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close and still qualify for the credit. The credit does not have to be repaid if he/she occupies the home for three years or more. However, if the property is sold during the three year period, the full amount of credit will be recouped on the sale.

The above information should instill enough confidence in some of us to help us get off the fence we’ve been sitting on. The buyers’ market we’re in right now won’t last forever and neither will the enticement of the Extended Home Buyer Tax Credit. Now, more than ever, is the time to consider that home you’ve wanted or needed!