$8,000 Tax Credit Signed Into Law as Part of Stimulus Bill

First-time buyers will receive a tax credit of up to $8,000 for purchases made between January 1 - November 30, 2009. Unlike last year's tax credit, this is a true credit and will not require any payback. NAR has published a chart comparing differences in the 2008 and 2009 tax credits. In addition to the tax credit, the stimulus bill will also extend or expand all energy-related tax credits through 2010 (for items such as energy-efficient heating/AC units, doors, windows, insulation). Local governments will receive $2 billion to help purchase, rehab and then resell foreclosed houses in an effort to stabilize neighborhoods.

The National Association of REALTORS estimates that the tax credit could lead to 300,000 additional home sales. The ripple effect could generate $31 billion in incremental economic benefits, according to an article in Realty Times. NAR estimates that an average $62,000 of additional economic activity is generated for each house sold because it triggers other purchases such as furnishings, appliances, remodeling, moving expenses, etc.

$8,000 Tax Credit Signed Into Law as Part of Stimulus Bill

First-time buyers will receive a tax credit of up to $8,000 for purchases made between January 1 - November 30, 2009. Unlike last year's tax credit, this is a true credit and will not require any payback. In addition to the tax credit, the stimulus bill will also extend or expand all energy-related tax credits through 2010 (for items such as energy-efficient heating/AC units, doors, windows, insulation). Local governments will receive $2 billion to help purchase, rehab and then resell foreclosed houses in an effort to stabilize neighborhoods.

The National Association of REALTORS estimates that the tax credit could lead to 300,000 additional home sales. The ripple effect could generate $31 billion in incremental economic benefits, according to an article in Realty Times. NAR estimates that an average $62,000 of additional economic activity is generated for each house sold because it triggers other purchases such as furnishings, appliances, remodeling, moving expenses, etc.

Marcia Glenn Recognized as #1 Agent for 2008

Nothnagle Realtors held its annual awards event on January 30, 2009, at the Doubletree Hotel. Marcia Glenn, Associate Broker with the Penfield branch, was recognized as the company’s top sales agent for 2008.

Licensed in 1992, Marcia has been affiliated with Nothnagle Realtors her entire real estate career. She has been in the “Top 30” since 1994 and has been the #1 agent in the Penfield branch for several consecutive years.

“Marcia's hard work and dedication have placed her in the top 1% of all Realtors in the Rochester region,” said Armand D’Alfonso, President and CEO of Nothnagle Realtors. “Marcia is a dedicated professional and takes great pride in providing exceptional service to all of her clients. Her impeccable attention to detail and unique marketing strategies consistently exceed people’s expectations time and time again.”

“Marcia is very dynamic, passionate and fun to be with. She is a loyal friend and a proud mother and grandmother. In business, her clients are her top priority and she frequently goes above and beyond the duties of a Realtor. Marcia genuinely cares about each and every person she works with and takes great pleasure in helping them achieve their dreams. It is an honor to work with someone so determined, knowledgeable and professional," said Marcia's business partner and Nothnagle Realtors Sales Associate Christie Nasello.

Marcia serves all of Monroe County and the surrounding areas and has over $150 million in career sales. Since 1994, Marcia has been the recipient of numerous awards, including Sales Master, Sales Master Gold, Sales Master Platinum and the Zenith Award. She is an accredited Domestic and International Relocation Specialist. Marcia is a lifelong resident of Rochester and she strongly believes in the strength of our community and all that it has to offer. Her expertise, passion and ability to get the job done deliver a truly extraordinary experience to all of her clients.

Contact Marcia Glenn and The Glenn Advantage Team at 248-1064.