Displaying blog entries 151-160 of 169
Here is what smart buyers &, importantly, home investors know - in borrowing, Interest Rate is King!
In very simple terms - the below illustrates differences in payment (principal & interest) based for $100K:
Some Grand Openings have occurred; some have yet to happen, but one thing is for sure... these new communities and builders are selling new homes at an unprecedented pace!
Phillips Creek Ranch in West Frisco - New Homes by Highland, Huntington, KHovnanian, Belclaire, Darling, Drees, Shaddock, Lionsgate, & Standard Pacific. - 547 Homes sites in Phase 1 - pricing from $300K - $1-million. So much to choose from - for a sample of homes click here!
Lawler Park in East Frisco - What an amazing location for this boutique style community! New homes by Highland & Darling! - This whole community only has 344 lots & they will NOT last! - For a sample of available homes click here!
Have Questions about these great communities or any others? Please feel free to give me a call! Christie Cannon - 469-951-9588
A strengthening market and low financing costs have propped up home sales for the region.
According to the Real Estate Center, home sales for North Texas climbed 29 percent in October, the largest year-over-year sales increase of pre-owned homes in more than three years. Pending sales are also up 20 percent compared with a year ago, signaling a strong finish to the year.
The biggest year-over-year sales increases were found in North Dallas (79 percent), northeast Dallas (71 percent) and Far North Dallas and Coppell (59 percent).
You can read a related article by- Steve Brown - Real Estate Editor - DallasNews.com
For market statistics broken down by area, please try - www.DFWHomeTrends.com
Have Questions about your neighborhood or your home's value - please give me a call:
Christie Cannon - 469-951-9588 www.christiecannon.com
How are homes selling in your city? Find the latest Dallas Housing Stats & Market News at www.DFWHomeTrends.com
SEP-12 Quick Facts:
Frisco at a Glance:
Specific Sales & Housing Stats with City breakdowns available here: www.DFWHomeTrends.com
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Search homes (including foreclosures) in the North TX MLS at www.CannonMLS.com or www.ChristieCannon.com. Recent changes even allow you to search by map locations!
New Builder Inventories can also be found here New Home & Builder Inventory
Once again, I am beginning to see confusion related to the 3.8% real estate tax enacted with the Health Care Reform Act in 2010. This is a complex tax with many misconceptions. Below is a general summary of key points of the tax:
Additional information can be found courtesy of the National Association of Realtors at: The 3.8% Tax & Health Care - or - The NAR's www.houselogic.com
* Again this is a complex tax AND many other tax related factors may affect your situation! Please consult your CPA or Tax Professional for how this may affect you & your family!
Effective September 1, 2011, in order to qualify for a residential homestead exemption you must provide the following to the Appraisal District when submitting your application:
Texas Driver License or Texas State ID Card
The address on your driver license or state ID card MUST match the physical address of the residence for which you are applying.
Vehicle Registration Receipt
The address on your vehicle registration MUST also match the physical address of the residence for which you are applying for.
IRS's Top 10 Tax Tips for Home Sellers
As published in Inman News, August 15, 2011
1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale. 2. If you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income ($500,000 on a joint return in most cases). 3. You are not eligible for the exclusion if you excluded the gain from the sale of another home during the two-year period prior to the sale of your home. 4. If you can exclude all of the gain, you do not need to report the sale on your tax return. 5. If you have a gain that cannot be excluded, it is taxable. You must report it on Form 1040, Schedule D, Capital Gains and Losses. 6. You cannot deduct a loss from the sale of your main home. 7. Worksheets are included in Publication 523, Selling Your Home, to help you figure the adjusted basis of the home you sold, the gain (or loss) on the sale, and the gain that you can ex-clude. 8. If you have more than one home, you can exclude a gain only from the sale of your main home. You must pay tax on the gain from selling any other home. If you have two homes and live in both of them, your main home is ordinarily the one you live in most of the time. 9. If you received the first-time homebuyer credit and within 36 months of the date of purchase, the property is no longer used as your principal residence, you are required to repay the credit. Repayment of the full credit is due with the income tax return for the year the home ceased to be your principal residence, using Form 5405, First-Time Homebuyer Credit and Repayment of the Credit. The full amount of the credit is reflected as additional tax on that year's tax re-turn. 10. When you move, be sure to update your address with the IRS and the U.S. Postal Service to ensure you receive refunds or correspondence from the IRS. Use Form 8822, Change of Ad-dress, to notify the IRS of your address change. These Tips & More can be found at the IRS Website!
On February 17, 2009, President Obama signed a stimulus bill (The American Recovery and Reinvestment Act of 2009) that made some significant changes to the energy efficiency tax credits. The highlights are:
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.
First Time Home Buyer Tax Credit Frequently Asked Questions can be found here.
Displaying blog entries 151-160 of 169
