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First-time home buyer

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

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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

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First Time Homebuyer Tax Credit Extended for Military Personnel

October 17, 2009
Real Estate for Texas Veterans

Service Members Home Ownership Tax Act of 2009 Two of the hottest topics here at My Denton County Real Estate in the past 6 months has been the discussion of the $8000 First Time Homebuyer Tax Credit and the Texas Veterans Land Board.  Now a a new bill unanimously passing the House of Representatives, and soon to be up for a vote on the Senate floor allows me to right a new post directly marrying the two together. Bill H.R. 3590 will

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Buying a Bank-owned Home is "Easy"

October 11, 2009
Bank Owned 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 REO1 it is just as frustrating. Kris really shows the comical side

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

October 1, 2009
We Love Referrals in Denton County and all of North Texas

This is a question I get far too often, and I should have addressed here publicly long ago. I make no bones about it1 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.

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Is a 5% Interest Rate a magic number?

September 4, 2009
Texas Home Interest Rates Below 5%

Below is a commentary from CNBC on September 3, 2009 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

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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

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