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Michelle Roberts

Wilmington Regional Association of Realtors Equal Opportunity and Cultural Diversity Committee and the Wilmington Minority Professional Networking Group join forces!

On February 26, 2009, the Wilmington Regional Association of Realtors Equal Opportunity and Cultural Diversity Committee hosted their first Minority Professional Networking Event. The event was held at the St. Thomas Preservation Hall in Downtown Wilmington. It was a great success!

The Wilmington Professional Minority Networking Group in Wilmington, NC was started by Shann Coleman a Nuclear Engineer at the GE Facility located in Wilmington, NC. The group boasts more than 500 members and is a great place to meet professionals to make both business and personal connections. The Equal Opportunity and Diversity Committee heard about Shann and his group and knew immediately it was something they wanted to learn more about and work and be a part of.

The event included an introduction by Shann Coleman and guest speaker Cynthia Crane, Executive Director of Junior Achievement for the Cape Fear Region spoke to the members about the need for diverse volunteers for the local Junior Achievement Program. Followed by an interesting game of Diversity Bingo during which we learned what Potlatch, Juneteenth, Seder and the Bone Game are who spoke 3 languages and so many other fun facts about each other. It was a great end to a fabulous night.

I am fortunate to be the Chairperson for the Equal Opportunity and Cultural Diversity Committee in the upcoming year. I cannot express how excited we were to take part in this Networking Event.

I feel that this quote from the night of the event sums it up,

"There is an old African proverb that says it takes a whole village to raise a child. In that same spirit, I believe it takes the vibrant leadership of professionals to create effective participation in an ever more complex multicultural and global community.

I am proud to say that we have begun our journey toward inclusiveness. The committed members of the Equal Opportunity and Cultural Diversity Committee continue on that journey and will be successful."

If you are interested in learning more about the Equal Opportunity and Cultural Diversity Committee and what diversity means to us, please do not hesitate to contact me Michelle@MichelleRobertsRealtor.com or (910) 202-3665.

2009 First-Time Home Buyer Tax Credit

What is it? And do I qualify?

  • The up to $8,000 (or 10% of purchase price, the lesser of the two) credit does not have to be repaid.
  • If the home is sold within 3 years of the purchase date, the tax has to be repaid.
  • It is for first-time homebuyers purchasing a primary residence... first-time homebuyer for this instance means you have not owned a primary residence for the past 3 years.
  • Married couples earning less than $170,000 Modified Adjusted Gross Income, single people earning less than $95,000 MAGI qualify for some form of the credit.

These are just a few of the details. The best source of information I have seen was put together by the National Association of Realtors.

http://www.realtor.org/wps/wcm/connect/f6ee3f004d2465a491f6f526a9949436/government_affairs_homeb_tax_credit_new.pdf?MOD=AJPERES&CACHEID=f6ee3f004d2465a491f6f526a9949436

If you would like more information about the 2009 First Time Homebuyer Tax Credit, please do not hesitate to contact me (910) 431-5686 or Michelle@MichelleRobertsRealtor.com.

Looking to sell... who are you competing with?

Check out this great article by NAR. The practice used to be that appraisers took into account if a home was a foreclosure when finding comparable properties for appraisals. Now that 45% of the sales in the 4th quarter of 2008 were foreclosures...

http://www.realtor.org/research/reinsights/marketintelligence

In essence, we are competing with foreclosures and if we want to sell, we have to price accordingly... conversations with sellers about home values must be very informative. Sellers need to know what is really happening in the market, sometimes that means showing them why the price they had in mind may be too high. After all in a buyer's market, pricing high and reducing later is very dangerous and costly.

For more information about getting your house priced right, visit www.MichelleRobertsRealtor.com

ATTENTION FIRST TIME HOMEBUYERS $7500 TAX CREDIT FOR 2008 STILL POSSIBLE!!!!!

If you were unable to purchase your first home before December 2008 you may still be able to take advantage of the $7500 tax credit! I am putting an excerpt below: “Qualified first-time homebuyers who make their purchase between January 1, 2009 and July 1, 2009 are permitted to make an election to treat the purchase as if it had occurred on December 31, 2008.” – National Association of Realtors Governmental Affairs Update This is a link to the full document: http://tinyurl.com/1sthomebuyercredit If you want more information, feel free to contact me (910) 202-3665 or Michelle@MichelleRobertsREALTOR.com. PLEASE TAKE NOTE OF THE CAVEAT IN THIS DOCUMENT: YOU SHOULD CONTACT YOUR TAX ADVISOR IF YOU ARE CONSIDERING USING THIS PROVISION.