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Sheila Newton Team

want to know more about the first time buyer tax credit?

We can help with all your real estate questions.. feel free to call, email or visit our website for more info..

864-225-1205 office

www.SheilaNewtonteam.com

SheilaNewtonTeam@aol.com

Buying or selling, We can help.. We also help with investment properties and have extensive knowledge about foreclosures... we can send you a free list if you like.. just visit: www.UpstateBankForeclosures.com

why should you use RE/MAX to buy or sell your home?

For more information, call or visit our website today.. We serve the Upstate of SC including Anderson,Greenville, Oconee, and Pickens Counties..

864-225-1205 Office

www.SheilaNewtonTeam.com

We know that buying or selling a home is one of the most important things you will ever do, and we want to help make that experience as smooth and successful as possible.

Our extensive experience and expertise in the Anderson County, Greenville County, Pickens County, and Oconee County real estate markets will benefit you whether you are looking to buy or sell a home in the area.

Buying a home? We will help you find the home of your dreams by taking the time to listen and understand your needs and desires. Once we know what you want, we will work tirelessly to find the right home for you, because no one should have to compromise when it comes to such a huge purchase.

Selling your home? Our expertise in the Anderson County, Greenville County, and Oconee County real estate market will help ensure that you get the best price for your property. Our finely-tuned marketing program will make sure the right people see your home.

We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for Sale, Moving Resources, or even Mortgage Information everything you need is right here.

We will always be available for personal service by phone or email, so feel free to contact us with questions any time!

Answers to questions you may have on the First Time Home Buyer's Tax Credit

When do I need to purchase to qualify?
If you buy a home between Jan. 1 and Dec. 1 this year and close escrow during these dates, you will qualify for a tax credit up to $8,000 depending on the price of the home- as long as it is your primary residence and you meet the simple requirements.

How does the law define "first-time homebuyer"?
The law defines "first-time homebuyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase.

What are other requirements to qualify?
All U.S. citizens who file taxes are eligible to participate. An income limit of $75,000 a year for individuals and $150,000 a year for joint filers also applies.

How do I apply for the credit?
Taxpayers should use IRS Tax Form 5450 to claim the first-time homebuyer tax credit.

Does the credit have to be repaid?
No. Unlike a similar tax credit passed in 2008, this $8,000 tax credit does not have to be repaid to the IRS.

For more info on this or other real estate issues, visit our website at www.SheilaNewtonTeam.com

8 websites that help you manage your life!!

http://www.designspongeonline.com ---this site has DIY tips, projects, and gift ideas..

www.FotoFlexer.com -- This site will help you touch up photos, create special effects, and other "fixes" to photos with ease..

www.Inhabitat.com--- are you a "Greenie", want to go "Green"?.. this site provides great tips!! It is a blog site....

www.Everyscape.com--- similar to Google earth, but you can view 3-D images of streets and cities at eye level... This one is really cool!! However, not all cities are on it yet.. mostly larger cities and bigger streets.

www.Yelp.com -- great if you are new to an area or are visiting.. has reviews of local restaurants, doctors, businesses, etc..

www.Mint.com -- a secure financial management tool pulls your data from your bank accounts, credit cards, mortgage, and other loans to help track your expenses. (this one can be depressing!!)

www.GetDropBox.com-- this one backs up your documents and emails and allows you to access them via the web from any computer.. great if you are traveling or just to use from home so you have some of your office info available by web..

www.Zenbe.com -- got too many email accounts and tired of checking Twitter and Facebook separately? this site will let you check all your email accts , Twitter, and Facebook in one inbox!!

Why are the Home Prices Dropping substantially in today's market?

Actually... Home prices are stablizing.. Prices dropped because of the anomaly that occurred during the market boom in 2001-2007.. Normally before that, home values appreciated 26.5 percent on average over 5 year increments...(over the 20 year period 1980-2000)... However, from 2000 - 2006, the average appreciation was 89 percent.. Prices are now adjusting to the unsustainable growth that occurred during the early 2000s.. Now the market is getting some stability back which in the future will mean a healthier market overall .

Here is a chart that explains it better that i copied from REALTOR magazine..