First-Time Homebuyer $8000 Tax Credit Has Been Extended to Cover Purchases Made
Before May 1, 2010 The Credit has also been expanded to cover purchases of a new principal residence by people who have lived in their current principal residences for at least five out of the last eight years. However, they will only be eligible for a $6,500 maximum credit Is now a good time to sell your house?
As a Texas REALTOR®, I can assist you with this important decision. There are many reasons people consider selling a home. Whether you're thinking of upgrading, downsizing, or simply making a change, you may be wondering if the timing is right. Here are several reasons why this may be a good time to put you home on the market. - Housing prices in Texas have been steadily rising at a moderate pace for many years, even while other states have experienced wild price fluctuations. Chances are that your home is worth more than even a few years ago.
- First-time buyers have a strong incentive to purchase homes this year, as an $8,000 tax credit is available to most people who haven't owned a principal residence in the last three years. This federal tax credit expires May 1, 2010. Record-low interest rates motivate buyers to act on their desire to purchase a home and give them more purchasing power.
- Unlike several other states that experienced wild price fluctuations and skyrocketing foreclosure rates, Texas does not have a glut of unsold homes. According to the Real Estate Center at Texas A&M, the statewide supply of homes is at a level that leads to a fairly balanced market.
Individuals and business continue to move to Texas, and this ongoing population growth feeds a strong demand for housing. As a Texas REALTOR®, I can show you how our current housing market conditions factor in to your goal of selling your home. You can count on me to put your interests first while I assist you during this exciting process. For more information about Texas REALTORS® or buying or selling a home in Texas,
visit TexasRealEstate.com. ASK A TEXAS REALTOR® 526 East Commerce St., Fairfield
(Located East of the Courthouse apprx. .4 of a mile on the left of Hwy. 84) (903)389-8760 MYRA INDERMAN, BROKER/OWNER STANLEY INDERMAN, AGENT
Office: 903-389-8760 Office: 903-389-8760
Cell: 903-388-2341 E-Mail: mycorealty@windstream.net FAX: 903-389-8784  EQUAL HOUSING OPPORTUNITY  Member of the TEXAS and NATIONAL ASSOCIATION of REALTORS® REALTORS® are pledged to a strict Code of Ethics and Standards of Practice. |