Business Professional With a Passion For Real Estate

Welcome to MikeConrad.Net

Your one-stop shop for all of your real estate needs in Brentwood, Franklin, Williamson County and Southern Davidson County including Belle Meade, Green Hills and Forest Hills and all of the West End

HERE ARE SOME SURE "SIGNS" OF AN IMPROVING MARKET!!  CALL ME TODAY AND LET'S GET YOUR HOME SOLD!!

MORE GREAT HOMES SOLD BY MIKE CONRAD AND HIS TEAM AT SILVERPOINTE PROPERTIES!! BUY AND SELL WITH THE PROFESSIONALS AT SILVERPOINTE PROPERTIES TODAY!!!

Hey mike,

I was told today the cabinets should be ready for delivery on October 2nd. I hope! This has been the best experience so far. We have great neighbors and attended the neighborhood party this past weekend. We met so many people with kids, young and old. They are all so nice. Peter even went and played cards with a group of the guys the night after the party. We owe it all to you. Thank you for doing everything you did to get us this house. Will still says, "That's my new house" every time we pull into the driveway. He loves that he can ride is "BIG Truck" all over the front yard and on the side walks without us having to yell at him to stop and turn around all the time. We really couldn't be happier.

Talk to you soon,

Kim Bauer

Visit my BUYING AND SELLING PAGES!  I have some exciting offers for motivated buyers and sellers.  If you are looking to buy or sell in Brentwood, Franklin, Williamson County, Nashville, Davidson County or anywhere in the Middle Tennessee Area please give me a call today!

CALLING ALL INVESTORS!!  Check out my short sale tab for some great buys!  Traditional homebuyers should check it out too.  There are some unbelievable BARGAINS there.   

Welcome to the Mike Conrad Realty website.
Serving Cool Springs, Franklin, Brentwood, Spring Hill, Green Hills, Belle Meade, Nashville and Surrounding Communities in Williamson County, Metro Nashville and Davidson County

Here you will find a wide variety of useful information and resources designed to help you buy or sell a home more effectively in the Brentwood, Franklin, Spring Hill, Nashville areas. From information on the local community, to advice about finding a mortgage or preparing your home to sell, it's all available here on my web site.  My goal is to be of valuable service to you.  Our company motto is "Business Professionals with a Passion for Real Estate".  Whether you want to buy or sell a luxury home, condo, modestly priced home, middle income home, investment property or something unique to you, I can help.  I want to earn not only your repeat business, but your referral as well.  When you hear of a friend, relative, colleague or even casual acquaintance wanting to move to Middle Tennessee including Brentwood, Franklin, Spring Hill, Green Hills, Belle Meade or Nashville you will think of me, your Middle Tennessee, Williamson and Davidson County real estate expert.

You can also search for your ideal home by viewing current listings with detailed descriptions and photos. Or you can get help determining the value of your home by requesting a report that includes the prices of similar homes that recently sold or are currently for sale in the Brentwood, Franklin, Spring Hill, Nashville areas.  You can also request information for other parts of Williamson, and Davidson counties and most of Middle Tennessee.

We also represent a number of short sale homes.  The short sale property along with pre-foreclosures and foreclosures can present great opportunities for the right buyer or investor.  Look under my Listings Tab to see some of these homes.  If you think a short sale, pre-foreclosure or foreclosed home might be of interest please contact me at 615.429.6785 or at mike@mikeconrad.net.

My website also has numerous helpful links.  Links to the left can help you with local government for Williamson, Davidson, Sumner, Rutherford, Maury and Wilson counties. City government links are also available for Brentwood, Franklin, Spring Hill, Nolensville and Nashville.  

School information is also available under the School Info link.  Click there and do a general search for school scores or ask for a specific learning institution and that school report will be provided.  There is a special link to Williamson County Schools.  

Community reports are available by clicking on the Community Info tab above.  Demographic, educational, income and other reports are available for Nashville, Franklin, Brentwood, Nolensville, Gallatin, Spring Hill and other surrounding communities. 

Relocating to Middle Tennessee? Nashville? Brentwood? Franklin?  We are an accredited Relocation Brokerage.  I am an Accredited Buyers Representative and have helped a number of corporate clients with both buying and selling homes.  I can work with all the major relocation companies such as Sirva, Primacy, Prudential Relocation and others.  Our major employers in Middle Tennessee include Nissan North America, HCA, Bridgestone, Dell, Verizon Wireless, AT&T, MARS, Healthways, Vanderbilt Hospital, Baptist Hospital and Vanderbilt University.  I have provided links to a number of these companies as well.  Most of these have offices and major facilities in Brentwood, Franklin, Nashville and the surrounding areas.

So whether you're buying or selling in Brentwood, Franklin, Spring Hill, Nashville, Davidson county, Williamson county or Middle Tennessee, feel free to contact me and I will be happy to help you with all your real estate needs.

TAX CREDIT EXTENDED!!

It’s official! President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. In addition, the extension also opens up opportunities for others who are not buying a home for the first time.

TAX CREDIT OVERVIEW

Who Gets What?

First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the tax credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

Current Owners: The tax credit program now gives those who already own a residence some additional reasons to move to a new home. This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Single taxpayers and married couples filing a joint return may qualify for the full tax credit amount.

What are the New Deadlines?

In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and close no later than June 30, 2010.

What are the Income Caps?

The amount of income someone can earn and qualify for the full amount of the credit has been increased.

Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, single filers who earn $145,000 and above are ineligible

Joint filers who earn up to $225,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, joint filers who earn $245,000 and above are ineligible.

What is the Maximum Purchase Price?

Qualifying buyers may purchase a property with a maximum sale price of $800,000.

What is a Tax Credit?

A tax credit is a direct reduction in tax liability owed by an individual to the Internal Revenue Service (IRS). In the event no taxes are owed, the IRS will issue a check for the amount of the tax credit an individual is owed. Unlike the tax credit that existed in 2008, this credit does not require repayment unless the home, at any time in the first 36 months of ownership, is no longer an individual’s primary residence.

How Much are First-Time Homebuyers (FTHB) Eligible to Receive?

An eligible homebuyer may request from the IRS a tax credit of up to $8,000 or 10% of the purchase price for a home. If the amount of the home purchased is $75,000, the maximum amount the credit can be is $7,500. If the amount of the home purchased is $100,000, the amount of the credit may not exceed $8,000.

Who is Eligible fort FTHB Tax Credit?

Anyone who has not owned a primary residence in the previous 36 months, prior to closing and the transfer of title, is eligible.

This applies both to single taxpayers and married couples. In the case where there is a married couple, if either spouse has owned a primary residence in the last 36 months, neither would qualify. In the case where an individual has owned property that has not been a primary residence, such as a second home or investment property, that individual would be eligible.

As mentioned above, the tax credit has been expanded so that existing homeowners who have owned and occupied a primary residence for a period of five consecutive years during the last eight years are now eligible for a tax credit of up to $6,500.

How Much are Current Home Owners Eligible to Receive?

The tax credit program includes a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years during the last eight years.

Can Homebuyers Claim the Tax Credit in Advance of Purchasing a Property?

No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.

Can a Taxpayer Claim a Credit if the Property is Purchased from a Seller with Seller Financing and the Seller Retains Title to the Property?

Yes. In situations where the buyer purchases the property, even though the seller retains legal title, the taxpayer may file for the credit. Some examples of this would include a land contract or a contract for deed.

According to the IRS, factors that would demonstrate the ownership of the property would include:

1. Right of possession,
2. Right to obtain legal title upon full payment of the purchase price,
3. Right to construct improvements,
4. Obligation to pay property taxes,
5. Risk of loss,
6. Responsibility to insure the property, and
7. Duty to maintain the property.

Are There Other Restrictions to Taking the FTHB Credit?

Yes. According to the IRS, if any of the following describe a homebuyer’s situation, a credit would not be due:

• They buy the home from a close relative. This includes a spouse, parent, grandparent, child or grandchild. (Please see the question below for details regarding purchases from “step-relatives.”)
• They do not use the home as your principal residence.
• They sell their home before the end of the year.
• They are a nonresident alien.
• They are, or were, eligible to claim the District of Columbia first-time homebuyer credit for any taxable year. (This does not apply for a home purchased in 2009.)
• Their home financing comes from tax-exempt mortgage revenue bonds. (This does not apply for a home purchased in 2009.)
• They owned a principal residence at any time during the three years prior to the date of purchase of your new home. For example, if you bought a home on July 1, 2008, you cannot take the credit for that home if you owned, or had an ownership interest in, another principal residence at any time from July 2, 2005, through July 1, 2008.

Can Homebuyers Purchase a Home from a Step-Relative and Still be Eligible for the Credit?

Yes. As long as the person they buy the home from is not a direct blood relative, the purchase would be allowed.

If a Parent (Who Will Not Live In The Property) Cosigns for a Mortgage, Will Their Child Still be Eligible for the Credit?

Yes, provided that the child meets the other requirements for the tax credit.

Buyers

Whether you're looking for your first home, your dream home or an investment property, I'm committed to providing you with the highest quality buyer service. When making the type of investment that buying a home requires, you deserve to have all the latest market information and the very best advice, both of which I can provide you with. Read more.

Sellers

The decision to sell a home is often dependent on many factors. Whatever your reasons are for selling, my proven effective marketing strategies will ensure that you get the highest possible price for your home. I guarantee to provide you with professional, ethical and confidential service and keep you fully informed every step of the way. Read more.