Vida  Assadi
PEACE OF MIND REALTY GROUP Selling Homes Peace by Peace

MLS Gateway

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 Vida Assadi

Direct: 469-223-4009

Toll Free Fax: 1-877-761-4009

Email: Info@PeaceOfMindRealty.com

Complete Circle Realty, LLC

 

 

 

 

 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


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

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

 

 


 

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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Yahoo! News: Top Stories
Iran moves closer to nuke warhead capacity (AP) 2/8/2010 9:58 PM

Iranian President Mahmoud Ahmadinejad, uses a device as he visits an exhibition of Iran's laser science, in Tehran, Iran, Sunday, Feb. 7, 2010. Ahmadinejad ordered his country's atomic agency on Sunday to begin the production of higher enriched uranium, a move that's likely to deepen international skepticism about the country's real intentions on the crucial issue of enriched uranium. (AP Photo/ISNA,Hamid Foroutan)AP - Iran pressed ahead Monday with plans that will increase its ability to make nuclear weapons as it formally informed the U.N. nuclear agency of its intention to enrich uranium to higher levels.


Obama's health care summit: Just for show? (AP) 2/8/2010 8:05 PM

President Barack Obama delivers remarks at the Democratic National Committee Winter Meeting in Washington, Saturday, Feb.  6, 2010. (AP Photo/Susan Walsh)AP - Could this turn into something more than political theater? President Barack Obama's televised dialogue with Republican lawmakers on health care, promised for later this month, has the makings of an entertaining exchange. But the differences between the basic Democratic and GOP ideas are stark — and the two sides have increasingly hardened their positions in this election year.


AP Interview: NY's Paterson lashes back at rumors (AP) 2/8/2010 8:14 PM

FILE - In this Jan. 12, 2010 file photo, Gov. David A. Paterson delivers his State of the State speech in Buffalo, N.Y. Paterson has met privately with key Democratic leaders about his re-election plans as questions swirl around the state capitol about a variety of unproven accusations involving the Democratic governor's personal conduct. (AP Photo/David Duprey, File)AP - New York Gov. David Paterson on Monday lashed back at what he called a "callous and sleazy" assault on his character in statehouse rumors and media reports that include accusations about womanizing and drug use, allegations he flatly denied.


Rep. John Murtha, voice for veterans, dies at 77 (AP) 2/8/2010 10:50 PM

FILE - In this Sept. 13, 2006, file photo,  Rep. John Murtha, D-Pa., meets with reporters on Capitol Hill in Washington. Murtha, an influential critic of the Iraq War whose congressional career was shadowed by questions about his ethics, died Monday. He was 77.   (AP Photo/Pablo Martinez Monsivais, File)AP - Rep. John Murtha, the tall, gruff-mannered former Marine who became the de facto voice of veterans on Capitol Hill and later an outspoken and influential critic of the Iraq War, died Monday following complications from gallbladder surgery. He was 77.


Seats at a premium on planes, trains out of DC (AP) 2/8/2010 10:39 PM

Snow is piled high in front of the Capitol in Washington, Monday, Feb. 8, 2010, from last week's snow storm, one of the worst snow storms in history in Washington. (AP Photo/Alex Brandon)AP - A $20 cab ride to the airport skyrocketed to the "snow rate" of $100 in the nation's capital, and those travelers who could get to the airport or train station still had to haggle or wait in long lines to escape the snowbound Mid-Atlantic.


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