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Christie Cannon

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The Grand Opening is over & these homes are selling fast! Great location, exemplary rated Frisco ISD, hard-to-find pricing, these opportunities will not last.

The Arbors at Willow Bay is located in the heart of Frisco. The community boasts a private swim club in The Arbors as well as complex and spray park.  The Arbors starts from the $270’s and features 132 Lots with over 2 acres of HOA green-space.

Frisco ISD Schools:  Ashley Elementary - Maus Middle School - Heritage High

Available Homes:
Newly Listed Homes in the Arbors!  -  Newly Listed Houses from Highland & American Legend
Willow Bay including the Arbors!   -  New Build Information (More to Come)
 

Directions:
• Take Hwy 121 East to Independence Parkway.
• Go North on Independence (left) for around 3.5 miles.
• Turn left on Sumac Lane and then immediate right on Morrow Bay Lane.
• Model will be on the left

D Magazine The Best Real Estate Agents 2012!

by Christie Cannon

Christie Cannon was once again chosen by D Magazine for their Best Real Estate Agent list in 2012.  We owe a special "thank you" to the Real Estate Community for their recognition & most importantly to our clients.  We appreciated your support & confidence.

Christie Cannon's D Magazine article can be viewed here at D Magazine.

 

We would also like to congratulate Sandy Stewart - Lead Buyers Agent for the Christie Cannon Team who was also again chosen for this prestigious award!

 

 

 

 

Important Changes affecting Residential Homestead Exemptions!

by Christie Cannon

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.

New Water Restrictions for Frisco Begin November 1st!

by Christie Cannon

The City of Frisco (currently at Stage 2 water restrictions) approved on October 4th the implementation of Stage 3 Water Restrictions.  The North Texas Municipal Water District (NTMWD) recommended member cities implement Stage 3 restrictions November 1. As a member city, the City of Frisco has elected to comply with the recommendation.

Stage 3 of Frisco’s ‘drought and emergency’ restrictions limit outdoor watering to one day each week on your residential trash day.  Please note that drip lines, soaker hoses, & bubblers have additional usage allowances! 

To compare our current Stage 2 restrictions to Stage 3, click here to view our Drought and Emergency Response Plan Guide.   Additional Information can be found at The City of Frisco's Public Work's website.

Don't forget that the The City of Frisco also offers free irrigation system check-ups for residents. Contact Mike Barth, licensed irrigation professional, for a free irrigation check-up at 972-292-5844 or email Waterwise@friscotexas.gov

IRS's Top 10 Tax Tips for Home Sellers

by Christie Cannon

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!

Frisco Growth creates New Zip Code!

by Christie Cannon

The U.S. Postal Service has announced that the city of Frisco will be recieving a NEW ZIP CODE due to the city's recent growth!

Effective July 1, 2011, more than 10,000 Frisco households and 400 businesses will use a new, five-digit ZIP Code, 75033.

 
The area impacted is bordered by Main Street, State Highway 289 (Preston Road), F.M. 423 and  U.S. Highway 380.  Businesses and customers living on the north side of Main Street (even numbered addresses) will use the new ZIP Code, 75033.  Those on the south side of Main Street (odd numbered addresses) will continue to use 75034.  Businesses and customers on F.M. 423 -- between Main Street and Eldorado Parkway -- will also use ZIP Code 75033.  No changes are being made to the 75035 ZIP Code at this time.
 
Customers within the boundaries should notify any mailers or correspondents of their new five-digit ZIP Code.
 
 The Post Office can provide a postcard for you to use to notify your magazine and newspaper suppliers.  Do NOT submit a ‘Change of Address Request’ to the Postal Service.
 
Impacted postal customers may still use all of their existing stationery and mailing supplies; however, when reordering those materials, customers should use the new ZIP code, 75033.  The United States Postal Service will ensure delivery of mail with the ‘old’ ZIP Code for a period of one year to allow customers to make the transition to the 75033 ZIP Code.
 
 In 2010, the U.S. Census Bureau ranked the City of Frisco as the fastest growing city in the country, 2000 – 2009.
 
The U.S.P.O reports the current ZIP Code 75034 has grown along with the City of Frisco and is running out of the PLUS-FOUR-DIGITS assigned to five-digit ZIP Codes.  The PLUS-4s are needed to sort, ship and deliver mail directly to houses, apartments and businesses.
More information is available from the US Post Office in Frisco.
 
Have questions? Please give me a call - 469.951.9588.

Frisco TX Real Estate Trends & Stats

by Christie Cannon

Frisco at a Glance

  • The median price of existing single-family homes increased +4.3% vs Mar-2011.
  • Median price remains +9.1% higher vs Apr-2010. 
  • Existing single-family home sales increased +19.2% from Mar-2011 for a total of 161.  However, sales are -21.7% lower than Apr-2010.

Specific Sales & Housing Stats with City breakdowns available here:  www.DFWHomeTrends.com

Latest TX Foreclosure News!

by Christie Cannon

Texas Attorney General Greg Abbott asked loan servicing companies on Monday to suspend all foreclosure activities over concerns about the accuracy of foreclosure documents.

In a letter sent to 27 companies that service mortgage loans in Texas, Abbott's office demanded the immediate suspension of foreclosures, selling foreclosed properties and evicting people living in those properties.

The letter asks that companies obey the moratorium at least through Oct. 15 - the deadline Abbott established for companies to identify any employees who participated in unlawful practices and assure the state that the targeted companies are following Texas laws.

The attorney general's office is investigating mortgage lenders to determine the "full harm Texas homeowners have suffered," according to a letter signed by Paul D. Carmona, the chief of the state consumer protection and public health division.

"We will be pushing forward with our investigation and inquiry," attorney general spokesman Jerry Strickland said. "This is in the interest of homeowners who are feeling the effects of foreclosures."

Other states are taking similar action. Maryland Gov. Martin O'Malley supports a 60-day moratorium on foreclosures there. Delaware Attorney General Beau Biden is calling on mortgage banks to suspend all pending foreclosures until their policies are reviewed. And in Massachusetts, Attorney General Martha Coakley said her office is investigating an "apparent failure of major creditors to follow state foreclosure law."

The Texas request comes after several companies, including Bank of America Corp., suspended foreclosures following revelations of "robosigning," a practice in which bank employees sign thousands of foreclosure documents a month without verifying their accuracy or even reading them. Some of the court documents have proven to contain inaccurate information or improper notarizations or signatures.

In his letter, Carmona described possible fraudulent practices by lenders, including signing thousands of documents per months, often without reading them; signing affidavits falsely claiming personal knowledge of facts or falsely claiming the signing party reviewed attached documents; and notarizing documents prior to their signing or when the signer was not present.

Home Buyer Tax Credit Extension for Military

by Christie Cannon

Congress gets this one right!

Congress has acknowledged the unique circumstances affecting members of the military, the foreign service and the intelligence community by making the following exceptions that apply to both the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers.  Qualified service members who are ordered on a period of official extended duty, these dates are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.

Men & women who serve our country deserve more than our thanks; they deserve our support!

Have questions - please give me a call - 469.951.9588

Greater Dallas Housing Report!

by Christie Cannon

Apr-10 Quick Facts:

  • MLS reports median single-family home price up 6.2% in Apr-10 over Mar-10, sales continue to climb to 5,833.
  • The median price of existing single-family homes increased to $145,000 up 6.2% vs Mar-10
  • Existing single-family home sales increased 7.9% from Mar-10 for a Apr-10 total of 5,833
  • Condos decreased in price to $122,000 down -0.8% vs Mar-10
  • Existing condo sales increased 11.0% in Apr-10 over Mar-10 for a total of 323

Specific Sales & Housing Stats with City breakdowns available here:

www.DFWHomeTrends.com

Displaying blog entries 361-370 of 389

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Photo of Christie Cannon Real Estate
Christie Cannon
Keller Williams Realty
4783 Preston Road #300
Frisco TX 75034
972-215-7747
Fax: 214-853-4774
Keller Williams Frisco - The Christie Cannon Team - http://www.christiecannon.com

 

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