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Wayne and Lynda Gomillion

Obama Signs Extension and Expansion of Home Buyer Tax Credit

New legislation, click here for details, extends the $8,000 tax credit to the end of April 2010 and includes the following changes:

*Sales contract deadline is April 30th 2010 and the transaction completed by June 30, 2010.

* Income limits have been increased from $75,000 for single people and $150,000 for couples, to $125,000 and $225,000 respectively.

* Buyers who have lived in their current home for the last 5 years would be eligible for up to a $6500 tax credit (or 10% of the purchase price).

* The maximum allowed home purchase price would be capped at $800,000.

* Military personnel, deployed overseas for a minimum of 90-days in 2008 or 2009, would have until April 30, 2011 to claim the tax credit.

* To combat fraud, a HUD-1 Settlement Statement will have to be attached to the tax return to secure the credit.

You may be thinking: I’m not buying…. so, why should I care?

The revision and expansion is good for first-time buyers and all homeowners.

As first timers move into the market it takes pressure off the resale inventory. To the extent that existing homeowners who want to move up probably have to sell their existing home, this new credit can have a dramatic impact as in some areas up to 40% of all home sales have involved first time buyers.

Foreclosures are impacting the value of your home even if you can't see it happening. First-Timers generally buy at the low end of the market and will absorb these abandoned homes. Those who are currently homeowners and want a new home stimulate the economy before during and right after a move and the $6500 credit again will have an impact.

Studies have shown that first-time buyers have a significant impact on the local economy and contribute in other socially positive ways.

A thriving resale market helps maintain home prices as they recover from the recent downfall. If the new tax credit works as well, it could aid the sales of hundreds of thousands of additional homes, sopping up more of the excess inventory. And that's exactly what you want to happen: Home values will not stabilize and increase until the inventory of homes for sale is diminished.

Feel free to contact us for information on current market conditions and home values in the Pinehurst, NC area.

Thank you for your interest and the privilege of serving you!

With our highest regard,

Wayne and Lynda Gomillion
Trusted Names in Real Estate

Click Here for NC MLS Listings

"The friendship and referrals of those we serve is the foundation of our success."

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

GMAC Real Estate... Rebranding Announcement

In September 2008, Brookfield announced it was buying GMAC's home-services unit and picking up about 1,500 offices in North America and nearly 30,000 employees.

Brookfield said in a statement it is rebranding its GMAC Real Estate division, which it's acquired from the trouble financing arm of General Motors last year, as Real Living to create a new franchise with more than US$20-billion in annual home sales.

Brookfield Residential Property Services says it will add Real Living's 2,000 brokers and sales associates to its existing real estate network of 30,000 real estate professionals.

Real Living says it will not change its core real estate business in and around Columbus, Ohio, it has essentially sold Brookfield the right to use its brand and technology across the rest of the U.S. as well as Canada.

In Canada, Brookfield controls real estate giant Royal LePage and the company has thus far made no mention of altering that brand to make it more like Real Living.

In spite of the fact that real estate is a localized business and GMAC created and branded a client centric philosophy, Premier Service and Quality Service Certification, which we strongly embraced, many GMAC Real Estate franchise holders, across our nation will be happy to distance them selves from the General Motors name affiliation.

With our highest regard,

Wayne and Lynda Gomillion
Trusted Names in Real Estate

Click Here for NC MLS Listings

"The friendship and referrals of those we serve is the foundation of our success."

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Pinehurst - Southern Pines REALTORS Sponsor Military Appreciation Day

The Pinehurst Southern Pines Area Association of REALTORS is pleased to sponsor Military Appreciation Day as a toke of our gratitude for the service and sacrifice of our military friends and family. The event will be held at Sandhills Bowling CenteLogor, 2239 Pinehurst Plaza, Aberdeen, NC 28315.

The fun filled event will be 1:00 PM to 4:00 PM on Saturday, November 7, 2009. Activities include Free Bowling, Food, Clown, Face Painting, Balloons and More! Online Reservation and Military ID required. For additional information please call: (910) 692-8988.

Please contact us to learn about our special cash incentives for military families on the purchase or sale of a home.

Thank you for your interest and the privilege of serving you!

With our highest regard,

Wayne and Lynda Gomillion
Trusted Names in Real Estate

Click Here for NC MLS Listings

"The friendship and referrals of those we serve is the foundation of our success."

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

North Carolina No. 1 in the country for its business climate!....

North Carolina continues to be ranked No. 1 in Site Selection's annual business climate rankiNorth Carolina Business Rankings No 1 in the Nation 8 consecutive years!ngs, eight times in the past nine years. It may be due in part to the states infrastructure of higher learning.

Site Selection magazine has ranked North Carolina No. 1 in the country for its business climate followed by Texas, Virginia, Ohio and Tennessee. The magazine cites new high-tech development and North Carolina's technology-focused academic centers as strengths for business growth. Click here or the magazine cover to read the article.

Moore County North Carolina is a great place to work and live. Offering a rural, low key-key life style but with a level of sophistication and opportunities virtually unavailable anywhere else.

Our primary advantages include a highly desirable location, temperate climate, excellent education system and exceptional healthcare all create the right mix for corporate and private citizens alike.

The unsurpassed quality of life is clearly our greatest asset. Whether it's Pinehurst, Southern Pines, Aberdeen, Carthage or Robins, each town and village offers a unique setting.

Moore County is know as "The Home of American Golf" with Pinehurst hosting the 1999, 2005 and the 2014 US Men's Open and with the 40 plus other premier golf courses throughout the county its no wonder that thousand come to play each year.

The area is also a nationally recognized center for equestrian activities. The Pinehurst Harness Track and nearby Carolina Hors Park at Five Points are among the training and competition facilities enjoyed by riders and spectators alike.

Cultural and recreational amenitieMoore County Business Networkings easily rivaling those available in metropolitan areas area plentiful. Moore County may be the perfect setting for your business... with the availability of State and local incentives and a skilled and educated workforce that is readily available.

Moore County Partners in Progress is the local economic development organization that offers support and resources to assist you in starting or relocating your business to Moore County, North Carolina.

The local infrastructure includes buildings ranging from flexible offices to 300,000 square-foot industrial facilities, as well as state certified industrial sites, ranging in size from .5 acres to over 1,100 acres. Rail is readily accessible and major highway expansions are in progress.

Moore County offers... 7th lowest NC Property Tax Rate; Low crime (33% lower then the NC state average); State-Designated Economic Development Zone in Southern Pines, Easy access to Research Triangle Park, Raleigh, Durham and the Triad.

For Moore Real Estate and Relocation Information contact us and request your Free Relocation Report and visit the Moore County Partners in Progress website for Moore Business Information.

Thank you for your interest and the privilege of serving you!

With our highest regard,

Wayne and Lynda Gomillion
Trusted Names in Real Estate

Click Here for NC MLS Listings

"The friendship and referrals of those we serve is the foundation of our success."

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog

Property Values in North Carolina | Woodlake, NC 28394

Community Profile

Situated on the outskirts of Vass, Woodlake is a resort and golf community the covers over 3,000 acres. The Woodlake Country Club has two golf courses, one designed by Dan Maples and the other by Arnold Palmer. The historic clubhouse overlooks the 1,130 acre lake, the largest private man-made lake in North Carolina, offering fine dining with impressive views. The impeccably maintained grounds make Woodlake pleasing to the visitor and resident alike.

Housing Market Update

October 01, 2009 through to October 31, 2009 there were 03 Single Family Homes Sold. Average Sales Price $190,666 Average Days on Market (DOM) 189. During the same time frame there were 01 New Listings entering the market with the Average Asking Price $370,000.

View a full and printable version of the Housing Market Update at our website and please contact us with your questions, comments and referrals.

Click here to search and view all available properties in Woodlake, Vass, NC.

Thank you for your interest and the privilege of serving you!

With our highest regard,

Wayne and Lynda Gomillion
Trusted Names in Real Estate

Click Here for NC MLS Listings

"The friendship and referrals of those we serve is the foundation of our success."

Member of the Real Estate Intelligence Network

PinehurstRealEstate.us | Pinehurst-NC.us | PinehurstHomeTeam.com | PinehurstAreaRealEstateBlog