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TIP! Be sure to subscribe to the exclusive alerts by email so anytime any additional Auburn Al condos or other real estate property hits the market you can be one of the first to know.
Carole Harrison Earns NAR Short Sales & Foreclosure Certification
Buyers and Sellers Benefit from REALTOR® Expertise in Auburn Foreclosures
Carole Harrison receives SFR Designation
Carole Harrison with Weichert, Realtors® - Porter Propertieshas earned the nationally recognized Short Sales & Foreclosure Resource certification (SFR). The National Association of Realtors® (NAR) offers the SFR certification to Realtors® who want to help both Auburn buyers and Auburn sellers navigate these complicated foreclosure transactions, as demand for professional expertise with distressed sales grows.
According to a recent NAR survey, nearly one-third of all existing homes sold recently were either short sales or foreclosures. For many real estate professionals, short sales and foreclosures are the new “traditional” transaction. Realtors® who have earned the SFR certification know how to help sellers maneuver the complexities of short sales as well as help buyers pursue short sale and Auburn foreclosures.
Harrison is actively involved in the Kiwanis Club of Auburn AL (Board of Directors), Toastmasters of Auburn AL, awarded the Lee County Association of Realtors® (LCAR) 2009 “Realtor® of the Year and is currently President of the LCAR in Auburn AL.
The certification program includes training on how to qualify sellers for short sales; negotiate with lenders; protect buyers and limit risk; and provides resources to help Realtors® stay current on national and state-specific information as the market for these distressed properties evolves. To earn the SFR certification, Realtors® are required to take one core course and three Webinars.
Weichert, Realtors® - Porter Properties is located at 472 N. Dean Road Suite 200 in Auburn AL, telephone 334-887-2070. Visit us on the web at to search for Auburn foreclosures and other real estate properties. (http://www.porterproperties.com)
Auburn Homes Benefit from: Congress passes Home buyer Tax Credit Extension and Expansion
Auburn Homes and Opelika AL buyers and sellers found out great news yesterday afternoon.
Congress passed an extension of the First-Time Home Buyer Tax Credit into 2010 and expanded the bill to include current homeowners with a home sold or being sold as a principal residence consecutively for 5 of the previous 8 years, in turn benefiting the Auburn AL homes for sale and Opelika AL homes for sale community. Realtors across the nation are hoping this will continue the housing market increase they have been seeing over the last year.
The tax credit extension states that first-time home buyers will be able to cash in on the tax credit until April, 30 2010, also it expanded to include a credit of $6,500 to current home owners purchasing a new or existing home between the date the bill is signed by President Obama and April 30, 2010. The real estate industry on the Auburn Al and Opelika AL local level as well as across America feel this is a major victory for consumers, Realtors and the current housing market. For more information about the details of the extension and expansion of this bill please visit the National Association of Realtors website at Realtor.org. Also, please click on the links below to see the Podcast from the NAR President, Charles McMillan & the Home buyer Tax Credit changes.
Auburn Homes buyers and Sellers have a reason to celebrate!
Auburn Al Realty offers and supports Commercial Real Estate.
One of the Best Places to Launch a Business from CNN Money!
Auburn AL Realty understands the value of such a high mention!
Auburn AL metropolitan area was recently named the 16th best place to launch a small business according to CNNMoney.com. Porter Properties, an Auburn Realty celebrates this news!
Auburn Realty Visibility: With a plethora of restaurants, shopping, boutiques, golf courses, the University and Southern Union, the Opelika Auburn, Al areas offers endless realty opportunities for entrepreneurs to succeed in our community. The University also helps serve as a buffer to the economic woes facing our nation, in turn providing a somewhat recession-proof stream of consumers for local goods & services.
Auburn Realty: Not only has Auburn Al Realty Market been ranked among the best places to start a business, but our community has also had many other recognitions throughout the years.
Earlier this year, we were named one of the top 10 best places to live in the United States by US News & World Report. As an Auburn Properties Realty company we are excited to facilitate realty transactions and help both the buyer and sellers with all of their business realty needs.
Other achievements have continued to put Auburn Realty Services on the map.
In 2007, Forbes named the Auburn Al and Opelika Al area the 6th fastest growing Metro Statistical Area in the U.S. for small metros.
In 2005, Golf Digest ranked Auburn AL and Opelika AL #1 in the U.S. for best places to play golf. Newsweek ranked Auburn, Al and Opelika Al area as one of the nation’s top 6 retirement spots, and the list goes on.
To learn more about the Opelika Auburn Al Realty community please visit our website by clicking the following links.
Auburn Home Buyers/ Opelika Homes for Sale just became more affordable. Get Excited!
Home buyers in Auburn and Opelika benefit from: Congress passed the First-Time Home Buyers Tax Credit in January 2009 to help stimulate the U.S housing market & address the economic challenges facing our nation.
Time is running out to capitalize on this great opportunity for Auburn home buyers & Opelika homes for sale buyers. By granting a tax credit of up to $8,000. This is an opportunity for Opelika Auburn Home first time buyers. The November 30th deadline is fast approaching and now is the time to buy. Below are some of the criteria, qualifications & information on the tax credit:
1. Auburn Home Buyer: What is the credit?
A. The credit was expanded in 2009 for homes purchased in 2009, increasing the amount of the credit and eliminating the requirement to repay the credit, unless the home ceases to be your principal residence within the 36-month period beginning on the purchase date.
2. Auburn Home Buyer: How much is the credit?
A. The credit is 10 percent of the purchase price of the home, with a maximum available credit of $7,500 ($8,000 if you purchased your home in 2009) for either a single taxpayer or a married couple filing a joint return, but only half of that amount for married persons filing separate returns. The full credit is available for homes costing $75,000 or more ($80,000 if purchased after Dec. 31, 2008, and before Dec. 1, 2009).
3. Auburn Home Buyer: Which home purchases qualify for the first-time home buyer credit?
A. Any home purchased as the taxpayer’s principal residence and located in the United States qualifies. You must buy the home after April 8, 2008, and before Dec. 1, 2009, to qualify for the credit. For a home that you construct, the purchase date is considered to be the first date you occupy the home.
Taxpayers (including spouse, if married) who owned a principal residence at any time during the three years prior to the date of purchase are not eligible for the credit. For an eligible purchase in 2009, you can choose to claim the credit on either your 2008 or 2009 income tax return.
4. Auburn Home Buyer: Can I apply for the credit if I bought a vacation home or rental property?
A. No. Vacation homes and rental property do not qualify for this credit.
5. Auburn Home Buyer: Who is considered to be a first-time home buyer?
A. Taxpayers who have not owned another principal residence at any time during the three years prior to the date of purchase.
6. Auburn Home Buyer: When do I have to buy a new home to get the credit?
A. The home must be purchased after April 8, 2008, and before Dec. 1, 2009, in order to obtain the credit. For a home you construct, the purchase date is considered to be the date you first occupy the home.
7. Auburn Home Buyer: Can a taxpayer claim the first-time home buyer credit after entering into a contract for the purchase of a residence but before closing on the purchase?
A. No. Taxpayers cannot claim the credit before there is a completed sale and purchase of the residence. The sale and purchase are generally completed at the time of closing on the purchase. (New 7/2/09)
8. Auburn Home Buyer: Would I be considered a first time home buyer if I owned a principal residence outside of the United States within the previous three years?
A. Yes. A taxpayer who owned a principal residence outside of the United States within the last three years is not disqualified from taking the credit for a purchase within the United States.
9. Auburn Home Buyer: Who cannot take the credit?
A. If any of the following describe you, you cannot take the credit, even if you buy a new home:
Your income exceeds the phase-out range. This means joint filers with MAGI of $170,000 and above and other taxpayers with MAGI of $95,000 and above.
You buy your home from a close relative. This includes your spouse, parent, grandparent, child or grandchild.
You do not use the home as your principal residence.
You sell your home before the end of the year.
You are a nonresident alien.
You are, or were, eligible to claim the District of Columbia first-time home buyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
Your home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
You owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2005, through July 1, 2008.
10.Auburn Home Buyer: If I claim the first-time home buyer credit in 2009 and stop using the property as my main home before the 36 month period expires after I purchase, how is the credit repaid and how long would I have to repay it?
A. If, within 36 months of the date of purchase, the property is no longer used as the taxpayer’s principal residence, the taxpayer is required to repay the credit. Repayment of the full amount of the credit is due at that time the income tax return for the year the home ceased to be the taxpayer’s principal residence is due. The full amount of the credit is reflected as additional tax on that year’s tax return. Form 5405 and its instructions will be revised for tax year 2009 to include information about repayment of the credit. (05/06/09)
options, visual tours and additional photos on Auburn Al home condos for sale above visit your local Auburn Homes Realtor, Weichert Realtors - Porter Properties!
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Auburn Realty Visibility: With a plethora of restaurants, shopping, boutiques, golf courses, the University and Southern Union, the Opelika Auburn, Al areas offers endless realty opportunities for entrepreneurs to succeed in our community. The University also helps serve as a buffer to the economic woes facing our nation, in turn providing a somewhat recession-proof stream of consumers for local goods & services.
