TAX CREDIT EXTENTED

The Federal government will likely pass the 8k tax credit and add a 6500 move up credit for existing home owners. Contact me for more details!

Jackson TN is a great place to live

With a low cost of living and NO INCOME TAX, people are flocking to our area for a nice place to settle down and raise a family or others are coming here to retire. We are a days drive to several beaches, and a days drive to snow skiing up north. Contact me for more info about homes in our area!

Tax Credit

Congress may or may not continue the 8000 tax credit. The White house has not commented on the issue and the Republicans are against it. I think that it will expire and next spring it may be voted on again. Health care is #1 in Washington today and likely the rest of this session.

Lower cost housing is moving

It seems that the first time home buyers are driving our market at this time. Homes over 250k are really struggling to sell this year. I am a bit concerned that we may not see upper homes recover for 2 years. BUT if you are a first time buyer or not owned a home in 3 years your time is running out. You must buy before Nov. 30th to get the tax credit of 8,000 dollars Call me today and I can find you your dream home. 731-298-1064

Real Etsate is picking up in West TN

I have already sold 3 homes in the first 3 months of this year. 2009 is off to great start. Thanks to all of my past and future clients. My advise to those people wanting a newer bigger home, sell and buy now. Yes, you may not make the money wanted on your home, but you are going to get a deal on the new home at a VERY LOW interest rate!!!!!!!!!!!!!!!!!

Obama is the New President Elect

It will be interesting to see what will happen to the tax code for capital gains now that we will have a new president who said he would raise capital gains tax

House Passed Credit Rescue bill

WASHINGTON — Rescue legislation sailed through the House Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and to prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing.
The 272-152 vote reflected a congressional push to send election-year help to struggling borrowers and to reassure jittery financial markets about the health of two pillars of the mortgage market.
Hours before the vote, President Bush dropped his opposition to the measure, which is now on track to pass the Senate and become law within days.
The White House swallowed its distaste for $3.9 billion in grants the bill would provide for devastated neighborhoods. The Bush administration gains the power to throw a lifeline to Fannie Mae and Freddie Mac as part of the measure that also is designed to rein in the government-sponsored mortgage firms.
The administration and lawmakers in both parties teamed to negotiate the measure, which accomplishes several Democratic priorities, including federal help for homeowners, a new permanent affordable housing fund financed by Fannie and Freddie and the $3.9 billion for hard-hit neighborhoods. The grants are for buying and fixing up foreclosed properties.