CP
Carrie Pierce & Associates Newsletter

March 2009
In This Issue
Higher Loan Fees
$8000 Tax Credit
Color Psychology
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Tax Breaks for Home Sellers 
tax
 
Home sellers enjoy a tremendous tax benefit upon resale. Internal Revenue Code Section 121 authorizes an "exclusion" - escape from income taxes - for profits from home sales. The exclusion is as much as $500,000 for married couples who file joint returns, and $250,000 for single filers and couples who file separate returns..
Quiz Question:
 
In what year did
Ken Griffey, Jr. leave the Seattle Mariners?
 
Everyone who emails the correct answer will be entered into a drawing to win a $35 gift certificate to Outback Steakhouse. Congrats to Wendy Rugwell last month's winner!
Carrie Pierce & Associates
4900 Stone Way N
Seattle, WA 98103
425 518 1176
Greetings!
 
The original $15,000 home buyer credit has been scrapped and replaced with a $8,000 credit.  There have been a lot of mixed feelings regarding this change in the economic stimulus plan.  Many feel that its not enough, that the $15,000 would have had an impact but $8,000 will not.  This new proposal still needs to be approved by both the House and the Senate before Obama can sign it into effect, but that is the update for now. 
 
Carrie
 
$8000 Tax Credit at a Glance 
 
1) The tax credit is for first time home buyers only.
2) The tax credit does not have to be paid.
3) The tax credit is equal to 10% of the home's purchase up to a maximum of $8,000.
4) The credit is available for homes purchased on or after January 1, 2009 before December 1, 2009.
5) Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for a full tax credit.
Paint buckets
Color Psychology: Choosing the Right Color to Sell Your Home
  
Red: Increases energy and heart rate, creates excitement and stimulates the appetite. Best for: Dining rooms

Orange: Adds comfort, warmth, and cheerfulness and too much can bring about feelings of cautiousness. Best for: Living rooms and family rooms
 
Seattle Events in March
 
There is something to do every day of the week in the Seattle area. Here are a few top picks for the month of March:

 
Irish Festival
Seattle Center, March 14-15
Vegfest 2009
Seattle Center Exhibition Hall, March 21-22
Northwest Women's Show
Qwest Field Event Center, March 27-29
Dine Around Seattle
Various Restaurants, March 1-31

Call Carrie Today for a One-on-One Home Buying Consultation

 425 518 1176