Ashton Gustafson
Displaying blog entries 211-220 of 379
Ashton covers not only Wichita Falls, but also Burkburnett and Iowa Park. Tune in below to the first episode of Ashton's Real Estate On the GO.....
See all Wichita Falls, Burkburnett, Iowa Park, and Sheppard Air Force Base homes @ www.TheFallsHomeFinder.com
1659 Victory, Wichita Falls, TX 76301
Priced @ $112,900
2 beds (could be 3) - 2 full baths - 1323 square feet
1 garage with storage and 1 carport
Great charm and character is found in this lovely Brook Village cottage. Numerous updates can be found here as well...refurbished hardwood floors, recent kitchen appliances, renovations in both bathrooms, and fresh paint throughout. Relax in the open living space with brick fireplace and great natural light from windows.
With the $8,000 Tax Credit Extenison, this would make a great home for a 1st Time Home Buyer.
Good Monday morning to you!
I'm sure you've heard about the credit extension for 1st Time Buyers and now new buyers...here's a quick overall summary for you to review.
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.
To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.
If you purchased a home between January 1, 2009 and November 6, 2009, please see: http://www.realtor.org/home_buyers_and_sellers/first_time_home_buyer_tax_credit_2009_info
The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, town homes, and co-ops.
The maximum allowable credit for first-time home buyers is $8,000.
The maximum allowable credit for current homeowners is $6,500.
Each home buyer’s tax credit is determined by tow additional factors:
Price
Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.
Buyer Income
Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009, single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.
These income limits have changed from the 2009 First-Time Home Buyer Tax Credit limits. If you purchased a home between January 1, 2009 and November 6, 2009, please see: http://www.realtor.org/home_buyers_and_sellers/first_time_home_buyer_tax_credit_2009_info
Yes, some buyers may still be eligible for the credit.
The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.
Under the Extended Home Buyer Tax Credit, as 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.
No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.
Hope this helps you gain some understanding. If I can serve you or anyone you may know this week, please let me know.
Great news for those of you still wanting to buy a home and thinking you've missed the $8,000 Tax Credit!! The Senate voted Wednesday November, 4, 2009 to extend and expand the tax credit to include many buyers who already own homes.
Buyers who have owned their current homes at least five years would be eligible for tax credits up to $6,500 and the bill extends the $8,000 tax credit to those first time home buyers who haven't owned a home in the last three years. To qualify, buyers in both groups have to have a signed purchase agreement by April 30, 2010, and close by June 30, 2010.
The credit is available for the purchase of principal homes costing $800,000 or less, meaning vacation homes are ineligible. The credit would also be phased out for those folks with annual incomes above $125,000 and for joint filers with incomes above $225,000.
For members of the military serving outside the United States for at least 90 days and more, the credit will extend until June 30, 2011.
This bill is H.R. 3548.
The house is scheduled to vote on this bill today, Thursday, November 5, 2009. Stay Tuned.....
Looks like there are some great buys this week. Let me know if I can set up a time for you or anyone you may know to preview the homes below.
4918 Silvercrest - $258,500 - 4 beds - 3 baths - 3 garage
4822 Rhea Road - $117,000 - 3 bed - 2 bath - 2 garage. Bid deadline is daily @ 11:59 pm.
1701 Tilden - $123,000 - 4 bed - 2 baths - Backyard Apartment - Just reduced $26,000.
2907 Lawrence - $43,900 - 3 bed - 2 bath
4803 Shenandoah - $130,000 - 2251 square feet - 4 Bed - 2 Bath - 2 Garage - Bid deadline is November 12 @ 11:59 pm.
Hope all is well and I look forward to hearing from you.
Don't forget to vote TODAY!!
Texans have the opportunity today to vote on several constitutional amendments that will help ensure fair and uniform tax appraisals for property owners. An e-mail misinformation campaign has been circulating that makes false claims about Propositions 2 and 3. The e-mail claims that passing these propositions will allow the state to start taxing homeowners. That is complete fiction. Here are brief explanations of what all three amendments will actually do:
Proposition 2 will require county appraisal districts to value a home as a home. Currently, appraisal districts can use the "best and highest use" method to value a residence based on its potential use. For example, a residence in a neighborhood zoned for mixed use could be appraised at a higher amount for its possible use as a commercial property.
Proposition 3 gives the state the ability to make sure appraisal methods are consistent throughout the 254 Texas counties.
Proposition 5 will make it acceptable for two adjoining appraisal districts to combine their boards of equalization if they wish - an option that rural counties may find attractive.
Good morning to you!
I've found 3 foreclosures this week, and they all look like true opportunities. Most foreclosures we see in our market are low end and in pretty bad shape...these are not. See below for the ones available at this time. If you know anyone in the market or have a desire to preview any of these, please let me know.
4918 Silvercrest - $258,500 - 4 beds 3 baths - 3 garage
4822 Rhea Road - $117,000 - 3 bed - 2 bath
2946 Lavell - $46,000 - 2 bed - 1 bath
Please call or email with any questions about how these can be previewed or aquired.
To subscribe to our foreclosure email list, see www.TexasBankOwned.com
Have a great week.
Did you know that an investment of $7,000 could lead to a value of $109,000 within 15 years? Have you ever thought about have a tenant or renter pay for your children's education? Today there a numerous concerns about the increasing cost of college education. Here, in the video below, Ashton shows us how we can take a small investment and create incredible wealth through Real Estate.
For more information, please let us know how we can serve you further in this manner. You can reach Ashton direct @ 940.224.0881 or ashton@bishoprealtors.com .
Good Monday morning to you! I hope you had a great weekend!
Right now all the buzz in Wichita Falls is with the 1st Time Home Buyer Tax Credit expiring on December 1st. I had the privilege of being on the news this week to discuss this matter. See link below for the story...
http://texomashomepage.com/media_player.php?media_id=405721#
Also, there have been some wonderful ranch properties come on the market in the last few weeks. These are great opportunities right now to own fabulous parts of Texas - if you or anyone you may know has an interest here, please let me know - I'll email you the information.
As we approach these last couple months of the year and head towards the Holidays, I encourage you to make a difference. Work as hard as you did in January, engage with laser focus, laugh more, taste every ounce of life, and love well.
"We dont tie...we win." Carl Gulley
See link below...Ashton discusses the 1st Time Home Buyer tax credit to expire on November 30.
http://texomashomepage.com/media_player.php?media_id=405721#
For all Wichita Falls Real Estate news, see www.TexomaHomeSource.com
Displaying blog entries 211-220 of 379
