FIRST TIME BUYER TAX CREDIT

FIRST TIME BUYERS ARE NOW ELIGIBLE FOR AN $8000.00 TAX CREDIT if buying between 1/1/09 – 12/1/09. (The $15,000 previously proposed was lowered to $8000 and is now in effect. Also, the $8000 does NOT have to be paid back!!)


The following statement was taken from CNN News headlines.

Temporary credit for home buyers: The bill increases the size of an existing temporary and refundable first-time home buyer credit to $8,000, up from $7,500. It also removes the requirement under current law that the credit be paid back if the buyer stays in the home for at least three years. And it would extend the credit's expiration date to Dec. 1, 2009, from July 1,2009. Those eligible for this credit must purchase a home after Jan. 1, 2009, and before Dec. 1, 2009. The full credit is available to those making $75,000 or less ($150,000 for joint filers). Estimated cost: $6.6 billion.

Featured Listings

Newer construction in the Hilshire area priced at $224,900 with 2121 sqft.
Stucco exterior construction, 3 stores, 2 car garage.
Second floor is your main living area that is very open and bright...and works great for everyday living as well as entertaining. This home has granite countertops, hardwood floors, 2" foam-wood blinds, programmable thermostat, pewter lighting fixtures and more
Spring Branch schools!!
A rare find in the area with this age home and price!

Gracious English tudor located in Lakeside Forest is priced at $429,990 with 4160 sqft!! Beautifully maintained and decorated. Spacious Kitchen has updates including granite counter tops, Viking range, lots of cabinetry.

First floor is an entertainers dream....rooms are set up for traffic flow....living room, dining room, kitchen/breakfast and huge family room addition. 3 car garage. Home is ready for new residents!

Immaculately decorated and maintained home in Lakeside Place priced at $345,000 with 3050 sqft.

4 bedrooms, sunroom and a chef's dream of a kitchen!! Brookhaven/Woodmode cabinetry, stainless Decor ovens, granite countertops, island and desk area.

Spacious attic storage (known as a Texas basement!).

Move in ready!!

Prestigious Bunker Hill home priced at $1,495,000 with 5765 sq ft. 5 bedrooms, enclosed swimming pool, elevator, 4 zoned AC/Heat, 3 car garage and maturely landscaped. Master includes a sitting area with romantic fireplace. Kitchen is open to breakfast room and den overlooking pool, spa and natural rock waterfall.

Highly acclaimed schoools in Spring Branch ISD: Frostwood Elementary, Memorial Middle, Memorial High