Dont wait to purchase a home! Waiting will cost you $$$ Thousands More This Spring. First time home buyers can get a tax credit for UP to $8000.00 with a binding contract dated before April 30, 2010. Also established is a tax credit of up to $6,500 for qualified move-up/repeat home buyers (existing home owners) purchasing a principal residence on or before April 30, 2010. Qualified long term home owners must have owned and resided in the same home for at least five consecutive years of the eight years prior to the purchase date. For married taxpayers, both spouses are... [Read more]
Have you heard about the tax credit recently created to help first time home buyers or buyers that have not owned a home in over 3 years. This is only on FHA (Federal Housing Administration) loans and according to the secretary of H.U.D., home buyers will be allowed to use the $8,000 first-time homebuyer tax credit towards their DOWN PAYMENT on purchases financed by FHA loans. FHA will allow approved lenders, nonprofits, and government agencies to advance the funds in the form of interest free bridge loans that buyers would use for down payments. Buyers would repay... [Read more]
Houston, Texas and its surrounding area has seen a slight decline in sales and home prices but compared to other cities across the country our great town of Houston is doing well. There are lots of places to visit such as the Space Center, The Aquarium both in downtown Houston, and Kemah. The Houston Zoo. There is also Moody Gardens in Galveston and many other spectacular eating places. Houston is the workplace for many hospitals and medical research facilities along with the oil and gas industry and Space center facilities. If you would like more information regarding... [Read more]
I was just reading an excerpt that gave reasons why a person should rent instead of buying a home. I agree with this statement to rent only for people first starting out in a new job or a new relationship. But realistically renting is like throwing your money away because you see no return on the money you pay out every month. The United States tax policy rewards house buyers who borrow, not renters. The “dream of homeownership” gives hope and the goal of a future endeavor. When couples first wed they dream of starting a family and that dream... [Read more]
The weather in 2008 was hard on people and their homes all over our great Country from hurricane Ike, to deadly tornado’s and ice/snow storms. Even if you were lucky enough notto have to endure any of these treacherous storms you most likely new someone that was dealing with it. In trying to help a friend I learned something new today regarding remodeling projects and wanted to pass the information on just in case you had not heard or might have forgotten. Contractors are required to register interior renovations on a project that exceed a cost of $10,000.00... [Read more]
