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Posts tagged as:

First-time home buyer

The Move-Up or Repeat Buyer Tax Credit

January 26, 2010
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Also referred to as the Homeowners $6500 Tax Credit follows all the same income and qualifying date requirements as the FTHB 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.

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The Extended First Time Home Buyer Tax Credit

January 26, 2010
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There is really not a whole lot more that needs to be said that my other article here has not already 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 Income for qualifying person(s) being raised.

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First Time Homebuyer Tax Credit Extended for Military Personnel

October 17, 2009
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It is expected that about 350,000 military personnel and an unknown number of federal employees may be affected once this is passed into law. This is one I feel everyone can get behind — There seems to be a lot of talk from political pundits, the news media, and even a lot of REALTORS® that believe the tax credit is just “giving money away” or “creating debt for our children and grandchildren.” I am not sure any of them realize that in order for our economy to have gotten any better money needed to be moving and changing hands.

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Buying a Bank-owned Home is “Easy”

October 11, 2009
Bank-Owned and REO Properties in Denton County

While making the rounds to other real estate agents blogs, as I often do to keep up on the market in other parts of the country, I found this hilarious and sadly very true video created by Kris Berg from The San Diego Real Estate Blog. This is evidence the shows whether it be in San Diego, California or here in Denton County Texas buying a bank owned property or REO ((Real Estate Owned Property)) it is just as frustrating.
Kris really shows the comical side of a real estate transaction that many first time home buyers, and even move-up buyers trying to take advantage of great value and bargains in the market today that is saturated with short-sale and foreclosure properties. Sad thing is, stories like this, and the frustration experienced by buyers agents and buyers alike will continue for years to come unless there is some reform with how banks manage these properties. For the record, I have a short sale I have been waiting on for 5 months now, after it closes I will be sharing that story here.

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Can you help me buy or sell real estate in…?

October 1, 2009
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This is a question I get far to often, and I should have addressed here publicly long ago. I make no bones about it ((To state a fact in a way that allows no doubt. To have no objection to)) I concentrate on the buying and selling real estate in Denton County, concentrating on Highland Village, Lewisville, Corinth, Little Elm, and all points in between within Denton County. I even work on the fringes of Grapevine and Saginaw which are in Tarrant County Texas. I believe this best allows me to provide superior service to those I represent.

But, far to often I get emails or phone calls from those who are in need of assistance with some of the loan programs, or services I discuss here. So this is announcement saying Yes I can help you…

* Buy real estate in Collin County
* Sell your home in Plano, Texas
* Buy a property in Fort Worth, Texas
* List your home in Tarrant County
* Buy vacant land anywhere in the state of Texas
* Real Estate services all over the country

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Is a 5% Interest Rate a magic number?

September 4, 2009
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Below is a commentary from CNBC on September 3, 2007 pointing at that historically speaking when the interest rates fall below 5% the Home Buyers comes out to play, and in a big way. The Fall selling season we are entering needs this; but as this story also points out when rates drop as they did last Spring it shows an increase in mortgage applications, not necessarily people buying homes. In the Spring of 2009 a huge portion of this was done for refinancing existing loans. As of now, the re-financing rates are not as attractive as they were last Spring, and still not near new purchase rates.

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

June 29, 2009
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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 miss the opportunity of receiving their First Time Homebuyer Tax Credit. I have not really written or even mentioned much about short-sales on this website; simply because there are plenty of other sources, and acquiring customers who may buy a short-sale simply comes with the real estate landscape for the time being.

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