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Real Estate Links
- A Video by Vanessa - “Who is The Fry Team?”
- And This Will Take You to The Fry Team’s Website - Homes For Sale or Buyers & Sellers Assistance
- Dallas/Ft. Worth Real Estate - Info and Property
- Flower Mound, Texas - “For Sale” Listings
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Stimulus for First Time Home Buyers & Current Home Owners Passes Both Houses of Congress
New opportunity to List your home or buy a home
First-time home buyers (FTHBs) have been getting tax credits of up to $8,000 since January as part of the economic stimulus package. But with that housing program scheduled to expire at the end of November, the House voted to extend it into the spring - and to expand it to many people who already own homes. President Obama should sign it today.
Buyers who have owned their current homes at least five years would be eligible, subject to income limits, for tax credits of up to $6,500. First-time home buyers - or people who haven’t owned homes in the previous three years - could get up to $8,000. To qualify, buyers have to sign purchase contracts by April 30 2010 and close by June 30 2010.
Senate Votes to Extend First Time Home Buyers Credit AND Adds Credit for Other Buyers
Senate votes 98-0 to extend the FTHB Credit
Check out this article in the Washington Post about extending the First Time Home Buyers Credit and adding a $6,500 credit for buyers who have lived in their home 5 consecutive years out of the last 8.
http://www.washingtonpost.com/wp-dyn/content/article/2009/11/04/AR2009110404564.html?hpid=topnews
Posted in real estate Tagged first time home buyers, housing tax credit, real estate, stimulus package Leave a comment
Looks Like We’ve Been Investing our “Talents” Wisely
Servants Returning Invested Talents
Looks like we’ve been investing our “talents” wisely in the economy. Here is an article, “Last Week in the News”, contributed by Indoo Kapoor, Loan Officer Prospect Mortgage, 469-363-6092
Existing home sales rose 9.4% in September to a seasonally adjusted annual rate of 5.57 million units from 5.1 million units in August. The increase was largely due to the tax incentive for first-time homebuyers.
According to the ICSC-Goldman Sachs index, retail sales rose 0.2% in the week ending October 17. On a year-over-year basis, retailers saw sales increase by 2.8%, the best showing in a year.
The producer price index, which tracks wholesale prices, rose 0.6% in September, following a 1.7% increase in August. For the year, wholesale prices are down 4.8%.
First Time Home Buyer Credit Extension Considered by Congress
As the first-time homebuyer tax credit is set to expire on Nov. 30, 2009, government officials are considering ways to extend the $8,000 tax credit to many military personnel, if not to all first-time home buyers. Read More
Good News! Commercial Loans Available!
Money for housing and commercial loans is coming back!
Until recently, commercial loans were pretty tough to come by. But I am happy to say, that now I am receiving emails looking for projects to lend on. That is certainly a sign of us pulling out of this recession. While job losses lag a recession econcomy by 6-8 months (meaning job losses continue for 6-8 months after the recession is ended), residential real estate leads it by 4 months (if recession ends Dec 31, housing starts recovery Aug 1st!). And it looks like there is some glimmer of hope that commercial may be trying to come back. Here is the info I just received about the availability of commercial loans. Read More
The Real Estate Market is Picking Up in Flower Mound
We are starting to see an increase in activity in the Flower Mound real estate market. More listings, more sales on the residential side and more leases on the commercial side. Loans are still hard to come by and take longer to process, but we are seeing more activity and that’s a great start to pulling out of this recession, at least in our local market.
Rates are still low and so it is a good time to buy, especially is you are a first time buyer. See my previous post for info specifically on that program.
It’s a great time to lease if you are in the retail business. Landlords are more willing to work deals now tha never before. Whether the building you are in or any other building. Now’s the time to negotiate or move to space that fits your shrinking or expanding business.
As an example, Beth Marie’s Old Fashioned Ice Cream just opened in our new development, The Market Square at Unicorn Lake. They’ve been on the Square in Denton forever and decided it was time to open a 2nd location. 2,000 customers their first 5 hours of business! They’ve been averaging 700-800 per day since. The aggressive companies are expanding now to take advantage of the rebound that is coming. Those who wait, will find they’ve missed the uptick!
- Beth Marie’s Ice Cream at Unicorn Lake, Denton
Posted in Real Estate Links Tagged Add new tag, commercial real estate, economy, Flower Mound homes for sale, Flower Mound homes sold, housing tax credit, interest rates, mortgage rates, real estate, real estate indust, real estate market conditions, Unicorn Lake, when to buy real estate Leave a comment
First Time Home Buyer - Stimulus Package
Housing Tax Credit
A tax credit of up to $8,000 is now available for qualified first-time home buyers (or anyone who hasn’t owned a home in the last 3 years)purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. Read More
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Would YOU have enough insurance coverage? by Lea Ann Leslie
This will be a total loss
I’m lucky this never happened to me. We did have two scares from our son when he was 12 to 14 years old and he burned a patch of the rug upstairs in their gameroom area and he couldn’t successfully hide it. Then there was the time we came home from shopping and we see the fire truck in front of our house. Turns out he decided to start a small fire with leaves back by the fence and ‘Lo and Behold, the fence caught on fire! Fortunately somebody called the fire department or our house would have looked like the one in the picture above and our son would still be licking his wounds…He was 16 this time and fortunately he didn’t attempt anymore fires after that one! He doesn’t have any of his own yet, but I better remind him when they reach that “firebug” age. Lea Ann’s point below about adequate insurance is a good one.
Ethiopia – Churches Carved from Stone
Church Carved from Rock - Real Estate that Can't be Burned Down
Ethiopia seems to be best known for images of starvation on our TV screens, but the largest monolithic churches in the world, carved from stone, can be found in Lalibela Ethiopia. They are a fascinating combination of world travel, semi-permanent real estate and Christianity!
Posted in Christianity, travel Tagged chritianity, coffee ceremony, Ethiopia, Hotel Jerusalem, Lalibela, rock churches Leave a comment
Home Warranties Can Save You Big Repair Bills
Protect Your Home Appliances
This information is from the First American Home Buyers Protection Corporation’s website and you can find them on the Internet at www.firstam.com/warranty .
You’ll be seeing posts from their Area Manager, Julie Stokes, with helpful hints and ideas. You can reach her at jstokes@firstam.com or 800-698-0422, ext. 6786, if you have questions about the benefits of a home buyers protection plan or how it works.
“What is a Home Warranty?
by Julie Stokes, First American Home Buyers Protection
A home warranty is a one year residential service contract that provides repair or replacement coverage for the major operating systems and appliances in a home that fail due to normal wear and tear.
Home Buyers’ Benefits
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Winterize Your Home to Save Money on Utility Bills by Julie Stokes, First American Home Warranty
See, it does snow in Dallas...
We all seem to forget these little energy saving pointers, until the cold air is blowing through the cracks in doors and from our electrical outlets.
During the cold winter months, homeowners across the country find it necessary to turn on their heaters to keep warm. You can save energy when heating your home by taking the time to winterize for maximum energy savings.
Posted in Real Estate Links 2 Comments
Don’t Panic! There Are Buyers Out There For Your Home
I know many of you, Buyers and Sellers, are worried about the economy and the market and you may be wondering whether now is a good time to put your home up for sale.
Because fewer Sellers are putting their homes on the market due to the economy and winter season, there are fewer homes to compete with. It also means that if the home is not a distressed property, that the Buyers don’t have a lot of good homes to choose from.