At HomeInTN team& Real Estate in the Upper Cumberland

FIRST-TIME HOMEBUYER TAX CREDIT Frequently Asked Questions  In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale. For 2009, Congress has increased the credit to $8000 and made several ...

Time is fast running out for first-time buyers hoping to get a tax credit of up to $8,000, and Realtors say they're seeing a marked upswing in interest as the deadline looms. Real estate groups also are urging Congress to extend the credit beyond its current deadline and expand the tax credit to up to $15,000. Now, buyers must close on their ...

Real Estate Know HowFrom the beginning of time, a man's home has been his castle. In the modern world we defend our home ownership rights with legal contracts rather than swords. These contracts, such as mortgages, titles, contracts for deed, and disclosures provide stability in the real estate market and enable real properties to be bought ...