The Good Home Team | The Good Home Team - Keller Williams Realty | info@thegoodhometeam.com | 972-468-5499
1208 Northridge, Plano, TX
JUST SOLD 1208 Northridge in Plano Tx! The Good Home Team has another satisfied first time home buyer who is happily collecting their $8,000 tax cred
3BR/2BA Single Family House
offered at $144,990
Year Built
1963
Sq Footage
1,748
Bedrooms
3
Bathrooms
2 full, 0 partial
Floors
1
Parking
2 Car garage
Lot Size
Unspecified
HOA/Maint
$0 per month
DESCRIPTION
The Good Home Team JUST SOLD 1208 Northridge. Another First Time Home Buyer Taking Advantage of the $8,000 Tax Credit! Call us to begin your home search today 972-215-SOLD(7653) or go to www.TheGoodHomeTeam.com
The Good Home Team | The Good Home Team - Keller Williams Realty | info@thegoodhometeam.com | 972-468-5499
103 Triumph Rd., Dallas, TX
JUST SOLD 103 Triumph in Dallas! Our Investor captured $15,000 in equity and will cash flow over $450/month! Go to www.TheGoodHomeTeam.com today for
3BR/2BA Single Family House
offered at $77,900
Year Built
2004
Sq Footage
1,727
Bedrooms
3
Bathrooms
2 full, 0 partial
Floors
1
Parking
2 Car garage
Lot Size
Unspecified
HOA/Maint
$0 per month
DESCRIPTION
Our Investor Has Just Gotten a Great Deal on 103 Triumph in Dallas! With Cash Flow over $450/month and equity capture of at least $15,000! Let The Good Home Team help you find your next investment property!
www.TheGoodHomeTeam.com or call us at 972-215-SOLD (7653).
NAR Frequently Asked Questions Homebuyer Tax Credit Changes National Association of REALTORS® Government Affairs Division 500 New Jersey Avenue, NW, Washington DC, 20001
Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit
Question: Existing homeowner credit: Must the new house cost more than the old house? Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6500 credit.
Question:I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a new home. I have lived in my current home for more than 5 consecutive years and am within the new income limits. I will go to settlement on November 20. If President Obama has signed the bill by the time I go to settlement, will I qualify for the new $6500 tax credit? Answer: Yes. The existing homeowner credit goes into effect for purchases after the date of enactment (when the bill is signed). There is no reference to the date of contract for the new credit. The provision looks solely to the date of purchase, which is generally the date of settlement.
Question: I am a firsttime homebuyer but was not within the prior income limits at the time I entered into my contract to purchase on October 30, 2009. I will be covered, however, by the new income limits. If the new rules have been signed into law by the time I go to settlement, will I be eligible for a credit? Answer: Yes. The new income limitations go into effect as soon as the President has signed the bill. The income limit and other eligibility rules will look to your status as of the date of purchase, which is the settlement date. So if the new rules have been signed when you go to settlement, you should be eligible for the credit (or a portion of the credit if you're within the phaseout range).
Question:I am an eligible existing homeowner. I have a fair amount of equity in my home. I have found a home with a nonnegotiable price of $825,000. Will I be able to use any of the $6500 tax credit? Answer: No. The $800,000 cap on the cost of the purchased home is firm at $800,000. Any amount above $800,000 makes the home ineligible for any portion of the credit. The $800,000 is an absolute ceiling.
Question:I owned my home for 10 years, but sold it two years ago year and have been renting since. If I purchase a home, will I be eligible for the $6500 tax credit if I meet all the other eligibility tests? Answer: Yes. Because you lived in the home for more than 5 consecutive years of the previous 8, you will qualify for the $6500 credit. For example, Say John and his wife bought a home in 2000 and lived there until 2008 when he got a divorce. Whether John has been renting or bought in the interim, he WOULD INDEED be eligible for the credit because he owned a home and occupied it as his principal residence for 5 consecutive years out of the last 8 years. The keyword here is "consecutive." As long as he lived in that house for 5 years straight what he did since 3 years doesn't impact eligibility.
Question:I am an eligible firsttime homebuyer. I entered into a contract to purchase on November 1, 2009. Do I have to go to closing before December 1? How does the extension date affect me? Answer: You do not have to close before December 1. Once the legislation has been signed, it will be as if the Nov 30 date had never existed. Therefore, so long as the contract settles before April 30 (or July 1, worst case), the purchaser will be eligible for the credit.
The Good Home Team | The Good Home Team - Keller Williams Realty | info@thegoodhometeam.com | 972-468-5499
1509 Collin Dr., Allen, TX
Charming 3 bedroom 2.5 bath home in the Collin Square neighborhood! www.TheGoodHomeTeam.com for more pictures and details
3BR/2.5BA Single Family House
offered at $134,900
Year Built
1989
Sq Footage
1,626
Bedrooms
3
Bathrooms
2 full, 1 partial
Floors
2
Parking
1 Car garage
Lot Size
Unspecified
HOA/Maint
$0 per month
DESCRIPTION
This is the perfectly maintained garden home you have been searching for! This charming 3 bedroom, 2.5 bath home is located in the very desirable Collin Square neighborhood in Allen! This home features a very large master bedroom with a HUGE master bathroom and walk-in closets! All three bedrooms are upstairs and the living area is down. Schedule your very own private tour today and remember the $8,000 tax credit has been extended! Go to www.TheGoodHomeTeam.com to begin your home search!
It is looking very good that the home buyer tax credit will be extended in 2010. There will be some changes to it and I am really looking forward to these added changes! Please read below:
- First-time home buyers who close before April 1 would get the full $8,000, and the credit’s value would be reduced by $2,000 in each successive quarter until expiring at the end of the year.
- The plan would extend the credit, due to expire Nov. 30, to home purchases under contract by April 30, 2010, with borrowers allowed another 60 days to close the sale, according to a person familiar with the details of the agreement.
- Current Homeowners looking for a new home could also qualify for a $6,500 credit if they have lived in their existing primary residence for at least five years
- The home buyers’ credit would be available to individuals earning up to $125,000, or $250,000 for couples, up from $75,000 for individuals and $150,000 for couples under the current law. - Homes that cost more than $800,000 aren’t eligible for the credit and you must be over 18 years old to claim the credit.
Contact The Good Home Team for all your real estate needs! The Good Home Team has the experience to get you the very best deal on your home sale OR your home purchase. Call 972-215-SOLD (7653) and begin the home selling or home search process today!
My brother and I decided to join Lifestyles Unlimited after a client of ours joined up and had nothing but great things to say about it.
We went to the free seminar and even on that night they provide some great information that you can use if you decided not to pay the money to go to the 2 day seminar.
We went to the 2 day seminar and Del Walmsley provided great information the entire time on investing in single family rental homes and multi-unit apartmente complexes (you can tell that Del get's more excited when talking about apartment complexes).
The seminar must have been the kick to get us started because since that day we have 2 homes under contract (1 is closing tomorrow) and another home closing the first week of November. The concept is simple and we will be cash flowing just a little over $700 a month of the 2 homes!
We definitely recommend any investor to go and check out what Lifestyles Unlimited has to offer... it is a cheap investment that could help you return a lot in more money in the long run!
Now we are wanting to help pass along what we have learned on to our investor clients and help them get into cash flowing properties. So if you have at least $10,000 that you are able to invest go to www.TheGoodHomeTeam.com.
The Good Home Team is a top producing team with the number 1 Keller Williams Office in Dallas, Tx. Please give Nick Good or Austin Good a call at 972-468-5499.
3416 18th Street is JUST SOLD! To view other homes just like this be sure to visit our website at www.theGOODhometeam.com for more info!
3BR/2BA Single Family House
offered at $107,500
Year Built
1971
Sq Footage
1,497
Bedrooms
3
Bathrooms
2 full, 0 partial
Floors
1
Parking
2 Car garage
Lot Size
Unspecified
HOA/Maint
$0 per month
DESCRIPTION
3416 18th Street JUST SOLD! To view other homes just like this be sure to visit our website at www.theGOODhometeam.com for more info!
PRICE REDUCED TO SELL! $107,500!
Great Starter Home or Downsizing Family. This 3 bedroom 2 bath home over looks many trees in the backyard making you believe that you have your own private cottage in the forest! Updates include new tile flooring in the kitchen and dining area, and new tile counter tops! Schedule your private showing today! To see more homes in the area go to www.theGOODhometeam.com
Find out how you can up to $10,000* back when you purchase a home through The GOOD Home Team! Email Nick Good at NickGood@kw.com for more information
Nick Good | The Good Home Team - Keller Williams Realty | info@thegoodhometeam.com | 469 951 4193
6606 Toscano Dr., Rowlett, TX
Large 3,000 square foot 5 bedroom home for under $150,000!
5BR/2.5BA Single Family House
offered at $149,000
Year Built
2001
Sq Footage
3,022
Bedrooms
5
Bathrooms
2 full, 1 partial
Floors
2
Parking
2 Car garage
Lot Size
9,308 sqft
HOA/Maint
$30 per month
DESCRIPTION
This updated spacious 5 bedroom home with vaulted ceilings is located in the vary desirable Mariners Cove subdivision! This 3,022 square foot home features ample sized bedrooms, new porcelain 18inch tile in the kitchen, and newly tiled shower with seperate tub. This home is located just minutes away from the lake and has very easy access to the highway. All of this for under $150,000! Don't forget the $8,000 tax credit ends November 30, 2009! Schedule your private showing today!
Nick Good | Keller Williams Realty | nickgood@kw.com | 469 951 4193
105 S. Gentle, Richardson, TX
Gorgeous 3 bedroom 2 FULL bath cottage in the very desirable
Richardson Heights!
3BR/2BA Single Family House
offered at $144,900
Year Built
1955
Sq Footage
1,333
Bedrooms
3
Bathrooms
2 full, 0 partial
Floors
Unspecified
Parking
2 Car garage
Lot Size
8,319 sqft
HOA/Maint
$0 per month
DESCRIPTION
The Good Home Team JUST SOLD 105 S. Gentle in Richardson Heights in just 34 days! Call 972-215-SOLD(7653)!
Very desirable Richardson Heights Cottage for under $150,000! This 3 bedroom 2 FULL bath pier and beam home features gorgeous hardwood floors, large eat-in kitchen,an entertainment size back yard, and new driveway and walkway! Schedule your own private showing today! Find out how you can get up to $10,000 back when you purchase a home with The GOOD Home Team*! Contact Nick Good for more details 469-951-4193.
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