Deryck Wilson

A relief for us Realtors who were just beginning to see an increase in business could be here. I am hoping for myself (and my buyers, especially the ones on the fence) that this holds to be true. Also, for move-up buyers, this could mean $6,500 in their pockets too!

CNN reported today that a compromise proposal based on bills that have already been introduced could pass the Senate as early as this week (assuming that it is attached to a bill to extend unemployment benefits).

The compromise bill would likely open the program to some existing homeowners. The expiring tax credit is limited to buyers who have not owned a home for at least two years.

According to a CNN.com story today:

* First-time buyers could continue to claim up to $8,000. But existing homeowners who have lived in their home for five years could receive up to $6,500 if they trade up to a larger principal residence.

* The full credit would be limited to buyers who earn less than $125,000 a year and for married couples with annual incomes up to $225,000.

* The credit could only be used for homes selling for $800,000 or less.

* Contracts must be signed by April 30, 2010 and sales must close by June 30.

Mark Zandi, chief economist for Moody's Economy.com (MCO), told me recently that he supports the extension because the housing market could take a big step back without it. But he agreed with critics that it is one of the most inefficient ways for the government to support housing.

According to Zandi, only 22% of about 1.8 million buyers who will claim the soon-to-expire credit would not have bought a home but for the incentive. Expanding the credit to include previous homeowners and extending the credit through June will cost about $30 billion, on top of about $8 billion that would have already been spent, he said.

The compromise bill outlined here might be cheaper because it seems to more narrowly define the existing homeowners who can take advantage of the credit.

While this is not official until the bills is approved and signed into law, its a start! I do think that we need to look at coming to a point that we don't rely on the government for help, but an end to the credit right now could throw us farther back, just when it began to pick up. The only worry is that this will continue to drive down home prices. What do you all think?

Deryck Wilson, Broker, Realtor, e-PRO
RE/MAX Preferred Realty - Greenville NC
"The Tallest Man in Real Estate, Above the Crowd, Literally!"
www.REMAX-GREENVILLE-NC.com

GREENVILLE NC POLICE DEPARTMENT

The Greenville Police Department is a nationally accredited law enforcement agency that strives to provide a high quality of law enforcement services through a departmental philosophy of community-oriented policing. The agency is comprised of 183 sworn officers and 40 non-sworn employees and serves a population of approximately 79,600 people within a 26-mile area in eastern North Carolina. Greenville is the home of East Carolina University which has a student population of some 27,000 students. The population of Greenville is diverse in terms of its socio-economic, cultural, and educational makeup.

The organization of the department is structured to provide a full range of law enforcement services and protection for citizens and visitors of Greenville. The department is organized into three bureaus. The Administration Bureau consists of a Logistics Division and a Professional Standards Division. These units include the following functions: Records, Parking Enforcement, Communications, Property and Evidence, Animal Control, Public Information, Crime Stoppers, Crime Prevention, Internal Affairs, Personnel and Recruitment, Training, Accreditation and the Police Athletic League (PAL). The Patrol Bureau consists of four rotating patrol platoons and Special Operations which includes the Impact Team, Traffic Unit, Warrants, and Housing Authority Unit. The Investigations Bureau consists of assignments in Major and Property Crimes, Gang Unit, Special Victims Unit, Special Investigations, Crime Scene Identification, and the School Resource Officers.

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In choosing a place to call home, please consider Greenville NC! Our police department and citizens strive to make this a great place to live. Consider crime statistics, location, schools and neighborhood pricing when making a relocation decision. For more Greenville NC Real Estate information, click HERE

WHAT SELLS YOUR HOME? PRICE - CONDITION - LOCATION

Therefore, when buying, CHOOSE a Neighborhood WISELY to Keep RESALE Value High

Its all about location! People often have to compromise in purchasing their dream home for a less perfect home in a better location. The buyer and family's quality of life can be affected by their surroundings and features a neighborhood has to offer. Choosing the best neighborhood is just as important as finding the perfect home.

Of the most important things to look in to is the quality of schools in the area. Compare various public schools within a school system; some may be better than others. In order to keep all options open, also take a look at private schools in the area. Even if you do not have kids that will attend school, it is still a good idea to pick an area with good schools to help with reselling Greenville real estate.

You may also want to research the areas crime potential. Contact the local police office to find out crime trends, types, and rates. Greenville's Police Records are now online for easy access - so do check that out.

Go online to find out if there are any sex offenders living your desired area. Do not judge a book by its cover, just because a neighborhood looks well kept and charming does not mean there are not any crime related issues.

For economical reasons, check on the values of sold properties in the area. If the neighborhood is in an up and coming area the value of the property is likely to go up. Where as, if the area is going down under, the property value will probably follow. See if there are any future construction and development projects to take place. Alterations to the surrounding area could drastically change the property value.

Next thing to take into consideration is the neighborhood's proximity. Make sure the location is a reasonable distance to work, school, and other frequented destinations. Convenience is key. Having pharmacies, hospitals, grocery stores, and other places of interest easily accessible will make a big difference in every day life.

Choosing a neighborhood can be difficult! Finding the perfect home in the right neighborhood may be even more of a challenge. Research the area and prioritize features that are most important to you and your family.

For detailed information about Greenville NC Real Estate listings OR for a relocation package, simply visit us online at www.REMAX-GREENVILLE-NC.com. You may also find ALL Greenville listings HERE!

GREENVILLE NC SUBDIVISION INFORMATION

If your looking to move to Greenville, North Carolina or other surrounding areas of Pitt County, NC, you've definitely got to check out GREENVILLE MOVE. They have the one of the largest selection of Greenville, NC real estate listings and homes for sale. The subdivision guide contains over 231 of the counties subdivisions. From the established to the new, the starter home to the dream home, check it out today!

AFFORDABLE SUBDIVISIONS FOR YOU TO CONSIDER:
Prices ranging from $80k-120k

• Forbes Woods
• Breezewoood
• Upton Court
• Colindale Court
• Willoughy Park
• Quail Ridge
• Cape Point

Click HERE to Search ALL of the Local MLS