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Are you planning on selling your current home & purchasing another home?
Great News! We can Help...AND we can save you money!
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Move-Up Program
If the next home that you will be purchasing is more than the home that you are selling, we will sell your present home for FREE! When your current home closes, 3% will be paid to the buyer’s agent & 3% will be held by us. When you close on your next home, you will receive that 3% back!
Downsize Program
If the next home that you will be purchasing is less than the home that you are selling, we will cut our listing fee in half! When your current home closes, 3% will be paid to the buyer’s agent & 3% will be held by us. When you close on your next home, you will receive half of the 3% back!
*In order to qualify for the Move-Up or Downsize Programs, Zars & Rogers Realtors must be listed as your Broker on the purchase agreement of your new home with a 3% Broker commission agreement. If you do not close on the purchase of your new home, no listing fee commissions paid from the sale of your home will be refunded back to you.
Tax credit for longtime homeowners
If you’re a longtime homeowner—meaning you’ve lived at your principal residence for five consecutive years out of the last eight—you may qualify for a homebuyer tax credit worth up to $6,500. You must purchase a new principal residence between Nov. 7, 2009, and April 30, 2010. Like the first-time homebuyer tax credit that applies to these dates, you can settle as late as June 30, 2010, as long as you have a binding contract by April 30.
The same $800,000 cap on the purchase price applies to longtime homeowners, as do the same income restrictions. The credit begins to phase out for joint filers at modified adjusted gross income of $225,000 ($125,000 for individuals), and disappears at $245,000 ($145,000 for individuals). Married couples filing separately are eligible for up to half of the $6,500 credit.
Above information cited from www.houselogic.com brought to you by the National Association of REALTORS®. |
