Want to Sell Your House Fast? Thinking about Selling? Want to know your homes current value? Request a FREE no obligation Comparable Market Analysis

Texas Real Estate

The Move-Up or Repeat Buyer Tax Credit

January 26, 2010
The Tax Credit Got Houses Selling

Also referred to as the Homeowners $6500 Tax Credit follows all the same income and qualifying date requirements as the FTHB1 tax credit. This credit is intended to be used for new buyers in the market that have owned and resided in the same home for at least five consecutive years of the eight years prior to the purchase date. If it is a married couple, both spouses must qualify as long-time residents, with at least five years of principal residency for

→ Read the Full Article ←

The Extended First Time Home Buyer Tax Credit

January 26, 2010
Extended Tax Credit in Denton County

There is really not a whole lot more that needs to be said that my other article here has not covered. Other than the dates, some changes to the income limits and the addition of the move-up buyer tax credit the 2010 credit is same. There is one advantage to those closing after November 7, 2009 that they would not have had prior — that is the Modified Adjusted Gross Income1 for qualifying person(s) being raised. The 2010 First Time Home Buyers

→ Read the Full Article ←

Buyer Beware: When Considering a Short-Sale and your Tax Credit

June 29, 2009
Short Sale and Foreclosures in Denton County Time Sensitive

This is a topic I have been intending to write about for several weeks — But I have been so busy working on deals with my current clients I have not been able to throw out this bit of caution to some of my readers, and hopefully soon-to-be customers. My prediction after gauging the temperament, price ranges of starter homes, and the quest for a “good deal” by first-time homebuyers is that many hoping to take advantage of this short-sale market may

→ Read the Full Article ←

$8000 Tax Credit used as Down Payment in Texas Coming Soon

March 29, 2009
Down Payment Required for FHA Mortgage in Lewisville, Flower Mound and all of Denton County

This is a question I have noticed entered on searches for some incoming traffic here at My Denton County Real Estate, and have been asked about more than once. I have not addressed this yet due to the fact there is nothing in place YET. But in an effort to appease those search efforts, and to win over those future home buyers who have not yet chosen a real estate agent. Here it is.. In early to mid May of 2009 the

→ Read the Full Article ←

FHA Housing Limit in Denton and surrounding counties of North Dallas Texas

March 9, 2009
FHA Update for Lewisville, Flower Mound and all of Denton County

What is the maximum FHA / Fannie Mae Mortgage amount for North Dallas? This is a question that gets asked of me, and searched for a lot I have noticed. Fortunately for explanations sake Denton, Tarrant, Collin and Dallas counties all share the same guidelines on the FHA / Fannie Mae loan limits. But, unfortunately finding a home in Dallas may be a little harder to find within the FHA1 limits. Denton County FHA Loan Limits 1-Unit 2-Unit 3-Unit 4-Unit Conforming Loan

→ Read the Full Article ←

$8000 First Time Home Buyer Tax Credit

February 24, 2009
The $8000 First Time Home Buyer Tax Credit Logo

Now it is my tun to break down the $8000 First Time Home Buyer Tax Credit. I must admit, when the bill was being negotiated in the Senate, before moving forward to the House of Representatives I was following it very close, in attempt to report the results in a timely manner. But as we know now, that was a lost cause because it kept changing hourly it seemed. But now we have a signed bill, and albeit it was very trimmed

→ Read the Full Article ←

Fix Housing First Act…that is after all the bickering…

February 11, 2009
Democrats vs Republicans Effect the Housing Market.

I have been itching to write a new article on the new stimulus package, and how it will effect future home buyers, first-timers and hopefully even move-up  / downsizing buyers in Denton County real estate. Home sellers will also have reason to rejoice if buyers who are sitting on the fence, or just need a little more incentive can be nudged along. But, alas, we still do not not know for sure what will be in this new package. When I do

→ Read the Full Article ←

← Previous Entries