Archive for the 'Buying Real Estate' Category
Skinny Skoop on Housing Relief Tax Credit
August 19th, 2008 categories: Buying Real Estate
Last month Mr Bush signed HR 3221 the American Housing Rescue and Foreclosure Prevention Act into law. It brings tax breaks for homeowners and tax credit for first time
home buyers.This is a great tool for consumers. A Tax refund back into the pockets of buyers. The federal government will credit buyers on their personal income tax return the year after the purchase of their first home. Then the 2nd year the purchaser begins to pay back the tax credit over a 15 year period.
Here are some features of the economic incentive:
-If a potential (more...)
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Welcome to Bryan and College Station Texas!
August 15th, 2008 categories: Buying Real Estate, Kids, Family & Personal Stuff
Now that you are in Texas, what do you need to do now? You'll learn a lot about Bryan, College Station and Texas A&M University living with Texans and while you are learning here are a few things you'll need to know right away.
Now that you are living in Texas you'll need to get your vehicle (yes, car, truck or motorcycle) registered within 30 days. But, before you can register your vehicle it must pass the state inspection. But, how?
- Take your vehicle to a state inspection station. Need a list of where to go?
- Take your driver's license.
- Take your proof of insurance. You'll need at least the minimum coverage Texas requires - $20,000 bodily injury or deal to one person; $40,000 bodily injury or deal to two or more persons; and $15,000 injury or destruction to other property.
Then, off to the County Tax Assessor-Collector's office with your verification (more...)
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Home Sales in the Meadow Neighborhood of Bryan
August 14th, 2008 categories: Buying Real Estate
The Meadow Lane district in Bryan has listed and sold three homes since the beginning of the year, in spite of the media's proclaimed poor economy. This area boasts of older homes with character, large yards and wooded avenues. Families enjoy this quaint community among the trees at Eagle Pass, Brook, Oak, and Meadow Lanes because of its friendly ambiance and safety. The price range of homes sold so far this year in the Meadow Lane Subdivision listed (more...)| Discussion: 1 Comment »
Need Financing for a College Station Home? How Are You Going To Pay?
August 14th, 2008 categories: Buying Real Estate
Very few people pay cash for a home. The rest of us need some financing - some more than others! So, how are you going to pay for your new home in College Station? 
Before you consider buying a new home you must consider how you are going to pay for it. How much down payment is required? What will the interest rate be? How long can you finance the property - 5 year, 15 years, 20 years or 30 years? Lets talk about getting your financial house in order.
Have you seen your credit report?
Months before you even start LOOKING for a new home, get a copy of your credit report. Make sure the information on your report is correct. Sometimes errors are made and it will take a while to get it all resolved - sometimes months! Get a copy of your credit report from (more...)
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Bryan and College Station, Texas Luxury Homes Report
August 12th, 2008 categories: Buying Real Estate, Market Trends, Real Estate News
As of August 12, 2008, there are 73 residential properties in Brazos County, Texas listed in the Bryan and College Station, Texas Multiple Listing Service (MLS) that are priced at or above $500,000. The price range for these homes and properties ranges from $505,000 to $2,875,817. The median price is $685,000. In this price range you will find everything from a two bedroom, two and a half bath A-frame to a five bedroom, five and a half bath plantation-style traditional. The approximate heated area ranges from 1,453 square feet to 6,424 square feet. Some of these lots are quite larger than others. The smallest are the patio homes and condos that have no lot or yard. The largest lot is more than 439 acres! Exterior features include fifteen with pools, eleven with hot tubs/spas, and six with barns or stables. Those with green thumbs have twelve to choose from that have garden areas. Some of these homes are new builder homes. Most have been built since 2000 or later. A few are older homes, including one that was built in 1915 on the campus of Texas A&M University (then the A&M College of Texas). It was| Discussion: 1 Comment »
Armed Forces members given needed breaks with the New Housing Bill
August 12th, 2008 categories: Buying Real Estate, Commercial real estate, Real Estate News
While on www.Bankrate.com, I read an interesting article to share. Service members returning from active duty abroad will be given breaks. Some protections apply to service members whose military obligations affect their ability to repay debts, primarily Reservists and members of the National Guard who are called to active duty. They have to leave their jobs and, in many cases, take pay cuts.
For those service members, there is protection having to do with foreclosures and interest rates. If a service member had a mortgage before entering active duty, a lender can't start foreclosure proceedings until nine months after the service member returns from active duty. Formerly , the protection period was 90 days.
Also, when someone with a mortgage is called up to active duty, the interest rates on previously existing debt are capped at 6 percent. That 6 percent cap extends until one year after the service member returns from active duty.
Thanks to Graham Stiles at www.GrahamStiles.com for sharing this article.
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