Open House On April 10th, today till 3:30pm

Stop on by and see this wonderful 4 bedroom 3 full bath home located in the Oakmont Village off Kuykendahl and The Preserves. Look forward to seeing you.

7 Reasons to Own Your Home

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.

3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.

6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.

7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

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

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.

Looking to Relocate To Texas?

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 (patti null@null PattiMace NULL.com).

Should you Rent or Buy

 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 (http://www NULL.PattiMace NULL.com).

Relocating Tips

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 (pattimace null@null pattimace NULL.com) or pattimace@sbcglobal.net or view my blog at http//www.pattimace.com.

Hope to chat with you soon…Patti

 

 

 

Myth or Fact? Home Expenses

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 (-pattimace null@null pattimace NULL.com) or pattimace@sbcglobal.net (pattimace null@null sbcglobal NULL.net)

www.pattimace.com (http://www NULL.pattimace NULL.com)

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