Waco, Hewitt, Woodway Homes and Real Estate - Russell Realty Group
Waco, Real Estate, and More
I've been getting a lot of calls from first time home buyers in the Waco area wanting to purchase a home. To my surprise, many of them don't know anything about the $8,000 tax credit that they can claim! Hey almost free money! This tax credit replaces the tax credit that was put into place last year. With the old credit, … [Read more...]
As we head into the Spring season, the market usually picks up quite considerably from the winter months. If you're thinking about selling or buying a home, here's some quick stats that should give you a general idea of where the Waco Real Estate is today: There's currently 1392 residential properties on the market … [Read more...]
Just read that beginning April 1, 2009 Fannie Mae and Freddie Mac will be raising the fees and tightening rules for credit scores and down payments. What does this mean? Higher closing costs or interest rates for the consumer, in short. Whenever I have someone putting down 25% on a house, that's kind of "out of the norm". … [Read more...]
The Senate version of the stimulus package had a $15,000 home buyer tax credit available to any home buyer that bought a home before the end of the year. In Senate and House negotiations, that credit was changed considerably from the $15,000 for any home buyer, back to applying only to first time home buyers. The amount … [Read more...]
I've talked about the first time home buyer tax credit that's underway right now. This credit allows first time home buyers to claim a tax credit of up to $7,500. A new and "improved" tax credit has made its way into the stimulus plan we've been hearing so much about. If/when the stimulus bill is passed, this new tax … [Read more...]
So you've been sitting in your apartment wondering if you can even afford a home, let alone a brand new one. You'd be surprised to find that some folks have been able to buy a new home for less than what they were paying in rent! If you haven't had a chance to tour a home built by Majestic Homes, you may be surprised at … [Read more...]
I just got through going through some stats (I'm a stats freak) concerning the market and was really surprised at what I found. Going back the last 90 days (for homes sold) and taking into account which homes are currently under contract, it seems to me that the sweet spot right now is the $60K - $140K price … [Read more...]
Don't forget that the United States Government is offering a tax credit to first time home buyers and those folks who haven't owned a home in the past 3 years! One of the best parts?? Even if you buy a home this year and close before July 1st, 2009, you can claim the tax credit on this years tax return! (just like if you … [Read more...]
Happy New Year! Man, 2008 was a "different" one for sure! Election year, bad economic news, banking institutions going under, the big bail out, the auto industry suffering mass decline in sales, etc... 2008, to many people that I've talked with, is regarded as a "good riddance" year. Not so much that they bad things really … [Read more...]
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