First-Time Home  Buyer Tax Credit East Tennessee's Leading Real Estate Company and Real Estate  Web Site

  
 
 
 
buying your first home has never been easier!
If you close on your new home between January 1, 2009 and November 30, 2009, you may be eligible for up to $8,000 in tax credits.		    
THIS credit DOES NOT HAVE TO BE REPAID!
As long as you do not sell your new home for three years, the tax credit is yours to keep!		    
THE CREDIT WILL REDUCE YOUR TAX BILL OR INCREASE YOUR REFUND!
You can apply this credit to either your 2008 or 2009 tax return.		    
YOU'RE ELIGIBLE IF YOU EARN UP TO $150,000!
Individual filers with modified adjusted gross income of $75,000 or less, or married couples filing jointly with MAGI of $150,000 or less, are eligible.		    

First-Time Home  Buyer Tax Credit

Here are details on the $8,000 tax credit for first time home buyers that can be used on all JustListedKnoxville.com properties...

  • Tax credit equals lessor of 10% of the property's value or $8,000

  • Effective for properties bought between January 1, 2009 and December 1, 2009

  • The property purchased must be single-family (condos & townhouses included) and used as a principal residence.

  • There is an income limit of $75,000 per individual (adjusted gross income) or $150,000 if filing a joint return.  

  • Individuals above these salaries may still receive a portion of the tax credit.  IRS Form 5405 will help to determine this. 

  • Only first-time homebuyers are eligible or the purchaser (and purchaser's spouse) must not have owned a principal residence in the last three years

  • This tax credit does not have to be repaid if the property is purchased between 1/1/09-12/1/09

  • IMPORTANT - If the property is sold within three years of purchase, the entire amount of the tax credit will be paid back at closing/settlement.

This tax credit can be used on all most JustListedKnoxville.com properties, as long as indviduals meet the above criteria.  This is just a basic summary, JustListedKnoxville.com recommends you consult a tax professional for more specific information that may pertain to you, as several states also have local policies.

 
 

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Why is all this information provided for FREE? Our site was designed as a consumer service to help buyers and sellers make informed Real Estate decisions. We know it is often difficult to get straight answers when you are looking to buy or sell a home. In order to make the buying or selling process as easy as possible, we have provided comprehensive information as a FREE no-obligation service. We trust that buyers and sellers are so impressed with this service that they contact us in order to assist them in the purchase or sale of their home.

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 Here is what to expect when you contact us: We will go to your property, and provide you with a comprehensive market analysis to base your price on.  Many owners have a price already in mind. We never want to lose a potential listing over price issues, so if you prefer to set your own price, we will accept it and work just as hard to sell your property. CLICK HERE

 

 

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Just Listed Knoxville.com Real Estate Team combines the two largest area MLS/ IDX  systems the(KAAR)  and (GSMAR)  Multi List Service IDX systems that agent use and combine it into one system for our customers with all the tools necessary to research pre-owned homes, land, condos & new construction inventories throughout the Metro Knoxville area and eight surrounding counties: Anderson County Clinton, Oak Ridge, Lake City, Oliver Springs, Norris Blount County Rockford, Maryville, Townsend, Alcoa, Friendsville, Louisville Campbell County Jellico, Jacksboro, LaFollette, Lake City, Caryville Claiborne County New Tazewell, Cumberland Gap, Harrogate, Tazewell Grainger County Bean Station, Blaine, Rutledge Jefferson County New Market, Morristown, Dandridge, White Pine, Jefferson City, Baneberry Knox County is the economic center of East Tennessee. Knoxville, Farragut Loudon County Philadelphia, Lenoir City, Greenback, Loudon  Monroe County Madisonville, Vonore, Sweetwater, Tellico Plains. Roane County Oak Ridge, Kingston, Harriman, Rockwood, Oliver Springs Sevier County Sevierville, Gatlinburg, Pittman Center, Pigeon Forge Sevierville  Union County  Luttrell, Plainview, Maynardville 24/7 and free. no pop up ads and with direct contact with us for addTop Knoxville TN Real Estate Agentitional information”.

 

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Knoxville real estate—use Just Listed Knoxville.com to find real estate in Knoxville as well real estate in other cities in Tennessee. Just Listed Knoxville.com provides comprehensive real estate guides with up-to-date information about housing prices, latest Knoxville real estate trends, market activity, and neighborhood information. Before buying a house in Knoxville, research real estate on Just Listed Knoxville.com. Understanding the Knoxville real estate market is your first step to buying a home in Knoxville, Tennessee. Our real estate guide gives your a valuable overview of the Knoxville real estate market—find Knoxville properties, sales statistics, real estate price trends, real estate market activity, comparisons of Knoxville schools or Tennessee schools, and general demographic information for Knoxville, TN. Just Listed Knoxville.com real estate guide combines a Knoxville map with a detailed list of Knoxville neighborhoods, ZIP codes, and nearby cities to help kick-start your search for a home in Knoxville.