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New Temporary Tax Credit Benefits First Time Home Buyers

McCar's Miramonte Townes community is perfect for first time home buyers

FOR IMMEDIATE RELEASE

 
McCar Homes - Elite Exterior
McCar Homes - Elite Exterior
PRLog (Press Release) - Sep 22, 2008 -
On July 30, 2008 President Bush signed the Housing Stimulus Bill into law. One aspect of the new law, known as the Housing and Economic Recovery Act of 2008, is the temporary tax credit for first-time home buyers, which includes those who have not owned a home in the last three years. Home buyers can take advantage of the temporary tax credit at McCar Home’s Miramonte Townes community conveniently located in Apex. With its affordable prices and great location, Miramonte Townes is perfect for first-time home buyers. Homes at Miramote Townes are priced from the $160,000s.

Miramonte Townes features two- and three-story townhomes with 1,545 to 2,175 square feet of living space and offer two or three bedrooms with two and a half bathrooms. Features of the homes include spacious master suites, large patios for outdoor entertainment, crown molding, fireplaces and laundry rooms on the second floor. Residents at Miramonte Townes will enjoy the same luxurious lifestyle outdoors with a fabulous amenities package that includes a cabana, a community pool, nature trails, a playground and tennis courts.

Children at Miramonte Townes attend Apex Elementary, Holly Ridge Middle and Holly Springs High schools. To visit this amazing community, take US 1 South to Exit # 95 (55 East/Apex/Holly Springs) and turn left. Travel one and a half miles and turn left onto E. Williams Street. Miramonte Townes is three tenths of mile on the left.

About the Temporary Tax Credit
The temporary tax credit for first-time home buyers is an aspect of the Housing Stimulus Bill that was signed into law by President Bush on July 30, 2008. According to the law, known as The Housing and Economic Recovery Act of 2008, first-time home buyers who purchase a home from April 9, 2008 to July 1, 2009 will be eligible to receive a tax credit of up to $7,500. The amount of credit given is 10% of the cost of the home and it cannot exceed $7,500. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 are eligible for the tax credit. Home buyers will be required to repay the credit to the government, without interest, over 15 years or when they sell the house, if there is sufficient capital gain from the sale.

About McCar Homes
Dan and Elaine McSwain founded McCar Homes more than 50 years ago with a mission to build homes for buyers who desire the best homes in sought-after locations. Today, the company has grown from a hometown builder into one of the nation’s top builders and is ranked 39th by Professional Builder.  McCar Homes has earned numerous national and regional awards. With an experienced team of professionals, McCar Homes sets a new standard for exceptional quality, innovative home design, outstanding amenities and customer satisfaction – building new home communities across the Southeastern United States including Georgia, North Carolina, South Carolina and Florida. For more information, visit www.mccarhomes.com.

Photo:
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Contact Email:
Source:Flammer Relations, Inc.
Phone:770-383-3360
Fax:770-383-3392
Address:50 Shotgun Road
Zip:30121
City/Town:Atlanta
State/Province:Georgia
Country:United States
Industry:Real Estate
Tags:, , , ,
Last Updated:Sep 22, 2008
Shortcut:http://prlog.org/10120181
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