Brick & Stone combine w-extensive Lndscpng for STUNNING Appeal. Handscrpd Hardwd Flrs, Soaring Clngs, Luxurious Lighting, OilRubbed Brnze, Rich Millwork & Deep CrwnMldngs greet Guests. Cathederal Clng Family Room boasts Stone Fireplace & S.Sound. Gourment Island Kitchen offer 2x Pantries, Granite, S.Steel & Dble Ovens. Mstr boasts DECADENT Bath! Study, Formal Living, Dining & Guest Ste on 1st. Game, Media, Bar on 2nd. Patios ovrlk Lndscpd Bckyrd. 

VIRTUAL TOUR!

A Spacious Lot with a great West Frisco location provides the perfect setting for this 4 Bedroom home. A Covered Porch & Mature Landscaping creates charm.  Guests are greeted with a Soaring Ceilings, updated antique-bronze style lighting, & Tile Floor Entry. Crown Moldings adorn the Formal Dining & Study / Formal Living.   A Brick Fireplace complemented by a rich wood mantel warms the Open Family Room.  A Granite topped Island, Black Appliances, a Gas Cook-top & 42in Cabinets complement the Kitchen.  The HUGE Master Suite offers a Sitting Area, His & Her Sinks, Jetted Tub & large separate shower. 3 secondary bedrooms & a Game Room are also found on the 2^nd floor.  A Patio overlooks the Texas-Sized backyard!

Virtual Tour

WATER & Greenbelt views offer the perfect setting for this well gorgeously updated home. Natural Beauty & Designer Touches combine with views of the mature trees, golf, & water from all Living, Dining & Master. Exposed Brick, Vaulted Ceiling & Natural Light create warmth in the Family & Dining. Updates include Remodeled Kitchen, HVAC, Hardware, Lighting, Baths, Carpets, Roof, Water Htr, Paint & more! Spacious Master w-Balcony & Gorgeous Bath. The home boasts a Loft Study or 2nd Living Room. Enjoy Balcony & Patio views of the Water & Greenbelt.

VIRTUAL TOUR

A Large Corner Lot provides the perfect setting for this gorgeously appointed 5 bedroom home. Brick & Stone combine with a Knotty-Alder Front Door to create a striking elevation. Soaring Ceilings, Crown Moldings, a Dramatic Staircase with wrought-iron spindles, Luxurious Lighting, Art-Niches, Bull-nose Corners, & Designer Accents greet guests. Natural Light bathes the open floor-plan in warmth. 42-in Oak Cabinets, tile backsplash with accents, under-cabinet lighting, Natural Slab Granite Counters, Stainless Steel Appliances, a Gas Cook-top, convection cook oven & walk-in pantry with glass front farm-style door complement the Island Kitchen.  A Bay Window with window seats offers a perfect setting for the Breakfast Area.  The Master Suite is spacious with a sitting area.  The Decadent Master Bath creates a Spa-setting with Chandelier, Tray Ceiling, Large Shower, His & Her Vanities, His & Her Closets & Tub.  A Study & Private Guest Suite with attached Bath are also found on the 1st floor.  The 2nd Floor boasts a Game Room & Media Room with elevated floor for seating, as well as 3 large Secondary Bedrooms.  The HUGE backyard make excellent use of the Corner Lot. 

Enjoy all of the features of an Energy Star Certified home and MORE; including 2x6 construction, 1/2" foam sheathing, R19 wall insulation, Low-E Tinted Windows, 14 SEER HVAC with programmable Thermostats, Radiant Barrier, & More!

Attend Award Winning Frisco ISD

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Simply Stunning! Remodeled & Updated with No Details Missed! Luxurious Coordinating Lighting, Hardwood Floors, Warm Colors, Designer Accents, Art-Niches, Open Design, Large Archways, Dramatic Staircase with Wrought-Iron Spindles & Much More! A Spacious Formal Dining Room with sitting area offers the perfect setting for Entertaining. High Ceilings combine with the open floorplan for an Impressive Island Kitchen. Granite Counters, 42-inch Cabinets, a Large Island, Breakfast Bar, & Built-in Wine Rack combine with a Gorgeous Chandelier to create a stunning Kitchen. Rich Woodfloors combine with Natural Light & a Gas Fireplace to warm the open Family Room. The Master Bedroom offers a Window Bench Sitting Area, His & Her Vanities & Separate Closets! The First Floor also boasts a Study that easily doubles as a 1st Floor Bedroom or Nursery with separate access to the Master. The second floor offers a large Game Room and 3x secondary bedrooms. The Backyard makes good use of the corner lot to provide plenty of room for Play, Pets or a future pool.

Attend TEA 2010 RECOGNIZED Christie & EXEMPLARY Clark & Centennial! Enjoy Easy access to School, Parks, & Playground!

Virtual Tour

Mature Lndscpng creates charm for this 4 Bdrm home boasting 1st Flr Mstr, Study, 2x GameRooms & more! Archways, Tile Flrs & a Soaring Entry greet guests. 42in Cabs, S.Steel GE Appliances & Tile Bcksplsh complement the Island Kitchen. Open FaamilyRoom boasts S.Sound PreWire & Gas Log FP. Spacious Master Bdrm offers his-her vanities, jetted tub & separate shower. An 8x17 Large Screened in Porch & Patio overlook the Backyard. Tile in all wet areas.  

Virtual Tour

Charming West Plano 1-Story with Pool! Tile Floor Entry, Spacious Rooms, Arched Windows, Leaded Glass, Vaulted Clngs, Rich Woods, Natural Light from Skylights, Updated Lighting & a Brick Fireplace greet guests with warmth & charm. Dark Wood Cabinets compliment the Island Kitchen. Master Bedroom offers Bath w-Stained Glass, Double Sink, Separate Shower, Granite Counters & Garden Tub. Game Room or Study! Patio overlooks Pool, Spa & Open Decks. 

VIRTUAL TOUR

A Spacious Yard boasting Tuscan-themed Courtyard provides the perfect setting for this Paul Taylor built home! Faux Finishes, Tile Floors, New Carpets, Crown Moldings & Archways greet guests. Luxurious Coordinating Lighting & Natural Light warm open Family Room. Island Kitchen boasts Hand-Troweled Walls & Designer Accents. Master offers His-Her Sinks, Separate Shower & WIC. Cedar Arbor Shades Stone Patio that overlooks Fireplace, Open Patio & Huge Yard!

VIRTUAL TOUR

This Absolutely Stunning Shaddock Family built home features a Breath-Taking Backyard Oasis boasting Pool, Spa, Waterfalls, Cedar & Stone Outdoor Living & Kitchen, Covered & Open Patios, and a grassy lawn for pets! Enjoy Hand-scraped Hardwoods, Wrought Iron accents, Luxurious Lighting, art-niches & so much more. Towering Windows bathe the open floorplan with natural light. The Gourmet Island Kitchen offers double overs, gas cooktop, granite counters, 42in Custom Cabinets & so much more! A decadent 1st floor Master Bedroom offers a sitting area, his & her vanities & walk-in closet. The 1st floor also boasts a Study & Guest Suite. The 2nd floor offers large secondary bedrooms, a Gameroom with Bar & Media Room!

VIRTUAL TOUR

Immaculately Updated! New Energy Efficient HVAC, New Luxurious Patterned Carpets, Gorgeous Wood Floors, Fresh Paints & more! Rich Crown Moldings & Elegant Chandelier greet guests. 42in Cabinets, New Cooktop & an Island design complement the Kitchen. Natural light from large Bay Window & Brick Fireplace warm Open Family Room. Master Bedroom offers His&Hers Vanities & large Shower. 2ndr Bedrooms boast attached Bath! Large Covered Patio overlooks Backyard.

• 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.

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

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.

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

AUSTIN, Texas

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.

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

Apr-10 Quick Facts:

Specific Sales & Housing Stats with City breakdowns available here:

www.DFWHomeTrends.com

By Kim Nguyen, knguyen@acnpapers.com

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
• Expands the credit to grant a $6,500 credit to current home owners purchasing a new or existing home between the date the bill is signed by President Obama and April 30, 2010.

Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. 

Who Qualifies for the Extended Credit?

• First-time home buyers who purchase homes between the date the bill is signed by President Obama and April 30, 2010.
• Current home owners purchasing a home between the date the bill is signed by President Obama and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Ellgibile?

The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much is Available?

The maximum allowable credit for first-time home buyers is $8,000.

The maximum credit allowed for current homeowners is $6,500.

How is a Buyer's Credit Amount Determined?

Each home buyer’s tax credit is determined by tow additional factors:

1. The price of the home.
2. The buyer's income.

Price

Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.

Buyer Income

Under the Extended Home Buyer Tax Credit which is effective on the date the bill is signed by President Obama single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.

These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits.

If the Buyer(s)' Income Exceeds These Limits, can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.

Can a Buyer Still Qualify If He/She Closes After April 30, 2010?

Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.

Will the Tax Credit Need to be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.