PattiMace.com » Home Buyers

Tax Credit being offered on FHA Loans to First Time Home Buyers

Patti Mace — Sat, 16 May 2009 05:40:43 +0000

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 the loans after they receive their tax refunds. More information is to come from FHA soon.

If you are interested in this new tax credit or have questions regarding real estate send me a email/comment and I will work to answer your question.

Waiting to purchase a home until spring could cost buyers lots more money! Dont wait to purchase a home! Waiting will cost you...

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Looking to Relocate To Texas?

Patti Mace — Tue, 10 Mar 2009 04:08:25 +0000

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 Houston, Spring, The Woodlands, Lake Conroe please feel free to email me at patti@PattiMace.com.

Tax Credit being offered on FHA Loans to First Time Home Buyers Have you heard about the tax credit recently created to help...

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Should you Rent or Buy

Patti Mace — Sat, 07 Mar 2009 22:02:43 +0000

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 of owning their first home.

I find it amazing that anyone would suggest that people should rent instead of ever buying, he must be an investor making money off people who are renting. It takes a special set of people to go out on the limb and purchase the property for others to rent.

I would like to hear what your thoughts are on whether it is time to Rent or Purchase a home. Whether you choose to rent or purchase a home I will be glad to assist you in your housing needs www.PattiMace.com.

Tax Credit being offered on FHA Loans to First Time Home Buyers Have you heard about the tax credit recently created to help...

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Learning Happens Daily – Laws Regarding Contractors/Remodelers

Patti Mace — Wed, 21 Jan 2009 04:24:43 +0000

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 with the Texas Residential Construction Commission. The commission charges fees to the contractor/remodeler for the application and for follow up inspections. The TRCC will review the application and do a background check for the registered agent of the contractor/remodeler.

The contractor is also required by law on home improvements/repairs that exceed $5000.00 to deposit your payments in a construction account with a financial institution. Homeowners can ask for written verification of the existence of the construction account and how the disbursements are being done. Access to the account record should be included as a requirement in your written construction contract.

I hope this helps people become aware of these requirements and if you see or know of things you would like me to get the word out on please place it on my blog. Knowledge helps all of us.

As our new President Obama stated earlier today “What is required of us now is a new era of responsibility — a recognition, on the part of every American, that we have duties to ourselves, our nation, and the world, duties that we do not grudgingly accept but rather seize gladly,” Obama said. “This is the price and the promise of citizenship.”

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Relocating Tips

Patti Mace — Mon, 23 Jun 2008 05:29:32 +0000

It is nerve racking just making the decision to move to a new home. Adding to this the decision to relocate to a different County or State can be straining, mentally and physically on you and the family. This feeling can easily be put to rest with the right approach. The secret to avoiding stress is to remain positive, picture your moving experience as a time of discovery. So remember;

1. Before The Move.

Accentuate the positive. Be upbeat.

Be flexible.

2. During The Move.

Schedule family recreation time to get away from moving stress.

Seek support from friends and family.

Eat regular, well-balanced meals. Hunger amplifies stress.

3. After The Move.

If you or a family member are having difficulty adjusting to your new surroundings after the relocation don’t be shy, consider counseling.

It takes a keen knowledge of the area to pinpoint the homes that supply your “desires” and also meet your “needs.” If you are relocating to Houston or its’ surrounding area (the Woodlands, Spring, Tomball, Magnolia, Conroe, Atascocita, and Kingwood. Please allow me to assist you and your family with your relocating needs. Email me at pattimace@pattimace.com or pattimace@sbcglobal.net or view my blog at http//www.pattimace.com.

Hope to chat with you soon…Patti

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Myth or Fact? Home Expenses

Patti Mace — Thu, 19 Jun 2008 05:33:08 +0000

Question – Can I write off all expenses on my home?

This is a MYTH: Home addistion, insurance cost, renovations, condo/HOA fees are not tax deductible like your property taxes and mortgage interest can be. Remember to always check with a tax advisor or a financial planner when determining what home related issues are deductible.

see you again soon,

patti -pattimace@pattimace.com or pattimace@sbcglobal.net

www.pattimace.com

Tax Credit being offered on FHA Loans to First Time Home Buyers Have you heard about the tax credit recently created to help...

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