Posts from January 7th, 2010
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7
'House Warming' - The Memphis Flyer
January 07, 2010 News ? The Fly-By
by Erica Walters
Agent Melissa Hayes says she can thank Uncle Sam for helping her sell 25 houses to first-time homebuyers last year.
"Even in this economy, business has been steady," the Crye-Leike agent said.
To help prop up the beleaguered housing market, the federal Recovery and Reinvestment Act of 2009 initiated a tax credit for first-time homebuyers of up to $8,000 or 10 percent of the purchase price of the home. Condos, townhouses, mobile homes, and houseboats up to $800,000 all qualified as long as they were used as a primary residence.
To qualify for the credit, first-time homebuyers had to earn less than $75,000 annually if single and less than $150,000 if married and could not have owned a home in the past three years.
"The majority of the people I worked with have been...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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