Tamala Prickett

Tax Credit up to $8000 available through 2010 for Home Buyers

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
• Expands the credit to grant a $6,500 credit to current home owners purchasing a new or existing home between the date the bill is signed by President Obama and April 30, 2010.

Who Qualifies for the Extended Credit?

• First-time home buyers who purchase homes between the date the bill is signed by President Obama and April 30, 2010.
  
• Current home owners purchasing a home between the date the bill is signed by President Obama and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

To qualify as a "first-time home buyer" the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Is Available?

The maximum allowable credit for first-time home buyers is $8,000.

The maximum credit allowed for current homeowners is $6,500.

How is a Buyer's Credit Amount Determined?

Each home buyer's tax credit is determined by tow additional factors:

1. The price of the home.
2. The buyer's income.

Price

Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.

Buyer Income

Under the Extended Home Buyer Tax Credit which is effective on the date the bill is signed by President Obama single buyers with incomes up to $125,000 and married couples with incomes up to $225,000-may receive the maximum tax credit.

These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you or your client purchased a home between January 1, 2009 and the date the bill is signed by President Obama, please see 2009 First-Time Home Buyer Tax Credit.

If the Buyer(s)' Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income-over $145,000 for singles and over $245,000 for couples are not eligible for the credit.

Can a Buyer Still Qualify If He/She Closes After April 30, 2010?

Under the Extended Home Buyer Tax Credit, 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.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.

Information provided at Realtors.org

Call Prickett Properties LLC for more information on how to receive your 2010 Tax Credit

www://www.GoToTheGulfCoast.com

Daniel Prickett 251-209-0074

The Caribe resort condo rentals in Orange Beach Alabama offer amazing amenities for an unforgettable beach vacation.

The Caribe amenities include a waterfront marina, beach access, gulf views, tennis courts, restaurants, putt putt, a kids playground, multi-tiered pools, waterslides, and lazy river. What more could you want?

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Caribe Online Booking Here

*Multi-Tiered Pools

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Prickett Properties is your vacation rental connection for Fort Morgan beach homes in communities such as the Dunes, Bay to Breakers, Morgantown, Surfside Shores and other popular Fort Morgan beach neighborhoods.

Our Fort Morgan rentals include gulf front houses perfect for beach weddings or family reunions. We also have large beach homes with up to 8-10 bedrooms such as the Four Fun Beach House and Sandy Feat Beach Home that many church groups and large families have enjoyed for their vacation. These homes are built like a duplex but have the capacity to open up in the living room areas to make it feel like one super sized house. This is perfect for people who want to vacation together but need plenty of living and kitchen space. There are two kitchens and living rooms in each of these houses.

For a limited time, we are offering 20% off our Fort Morgan Beach Houses with promo code WINTER through Feb. 28th at www.GoToTheGulfCoast.com

Prickett Properties

251-209-0074

<P>Prickett Properties is now offering private golf cart rentals for our guests staying at the Indies condos we offer for rent in Fort Morgan Alabama.</P>

<P>After personally owning a golf cart for a number of years, it occurred to us that our guests were not truly getting the "full" experience of staying at the Indies. Now, our guests can rent their own private four person golf cart for $125 per stay.</P>

<P>The golf carts make the stay at the Indies convenient and fun. You can zip back and forth to the beach with all of your chairs, umbrellas etc...without any hassle. Bathroom breaks are also a whole lot easier! Its just fun to ride in the open sea air around the beautiful neighborhood of the Dunes where the Indies is located.</P>

<P>Prickett Properties is the ONLY company that offers on-site golf cart rentals, available for our guests only. Book a fabulous condo at the Indies today at

Http://www.IndiesBeachRentals.com or

Http://www.GoToTheGulfCoast.com

Visit www.GoToTheGulfCoast.com for your vacation of a lifetime in Orange Beach Alabama with Prickett Properties LLC.

We have Gulf Front condos at luxury resorts such as Turquoise Place and bay front (with beach access) locations such as the Bella Luna.

If you don't already know about Orange Beach Alabama as the premium Alabama beach destination, then take the opportunity to visit our website www.GoToTheGulfCoast.com.

Orange Beach is famous for its crystal clear Gulf waters along with white sandy beaches that melt underneath your barefeet.

The ole Florabama honky tonk is a "must visit" honky tonk right on the beach on the Alabama/Florida Line. After visiting the Florabama, you might want to take a boat ride over to the locals favorite hot spot, Pirates Cove, to have one of the best cheesburgers in the world. Also, don't forget to top off your day at Pirates Cove with a bushwacker which can only be explained by having one! If your brave and have a driver ask for a "topper." Also, the Wharf features some top notch musical acts in its large outdoor amphitheatre with too many dining and shopping items to list.

Find a fabulous gulf front vacation rental today in Orange Beach Alabama by visiting Prickett Properties at www.GoToTheGulfCoast.com

P.S.- say you saw us on active rain and receive 10% off any Fall/Winter Rates!

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