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MLS Gateway Your own personal web page that lists only the properties that meet your search criteria! No cost, no obligation, and no setup. Customize the search the way you want - see only properties in the areas you want whether it's Dallas, Plano, Frisco, Allen, McKinney....just give us a call or email us your criteria and we will create it for you! To get started email us at info@PeaceOfMindRealty.com |
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Vida Assadi Direct: 469-223-4009 Toll Free Fax: 1-877-761-4009 Email: Info@PeaceOfMindRealty.com Global Realty, Broker | Welcome! My team specializes in the purchase and sale of homes and land in the Collin, Dallas, Denton and Tarrant Counties. We handle both residential and commercial Real Estate. Free Local MLS Search: Search the MLS for the latest properties on the market.  |
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Tax Credit Changes for 2009 through 2010
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Source: National Association of REALTORS® Government Affairs Division. November 2009. Homebuyer Tax Credit - 2009 through 2010 FEATURE | Jan 1 – November 30, 2009 Rules as enacted February 2009 | November 7 – April 30, 2010 Rules as enacted February 2009 |
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First-time Buyer Amount of Credit | $8000 ($4000 married filing separate) | $8000 ($4000 married filing separate) | First-time Buyer Definition for Eligibility | May not have had an interest in a principal residence for 3 years prior to purchase. | Same | Current Homeowner Amount of Credit | No Provision | $6500 ($3250 married filing separate) | Effective Date Current Owner | No Provision | November 7, 2009 | Current Homeowner Definition for Eligibility | No Provision | Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years. | Termination of Credit | Purchases after November 30, 2009.(Becomes April 30, 2010 on Date of Enactment.) | Purchases after April 30, 2010 | Binding Contract Rule | None | So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close. | Income Limits (Note: Increased income limits are effective as of date of enactment of bill) | $75,000 – single $150,000 - married Additional $20,000 phase out | $125,000 – single $225,000 - married Additional $20,000 phase out | Limitation on Cost of Purchased Home | None | $800,000 November 7, 2009 | Purchase by a Dependent | No Provision | Ineligible November 7, 2009 | | Anti-fraud Rule | None | Purchaser must attach documentation of purchase to tax return |
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First Tuesdays Don’t Have to End in Foreclosure! Are you aware of what takes place on our local courthouse steps on the first Tuesday of every month? Do you know that the foreclosure rate in North Texas is at an all-time high? It is one thing to listen to these statistics on the news or read about them in our local newspaper, but it is completely another when, due to a temporary financial set-back, a loss of job, a divorce, a sickness, or death in the family, or any other turn of events that might create a financial hardship, that unlucky statistics becomes you…you who is facing the devastation of having to walk away from the house that you and your family have come to know as “home”. Read More.......... |
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