Lewisville, TX

You've probably heard that the federal government has added a new tax credit for buyers who have owned their current homes at least five years (or who have owned a home for 5 consecutive years out of the past 8 years) of up to $6,500. To qualify, you must sign a purchase agreement by April 30, 2010, and close by June 30.

It doesn't matter if the new home you purchase is more expensive or less expensive than your current home. You can still get the tax credit! There are income limits, but those limits are fairly high so most people will qualify (check with your tax advisor). Also, to qualify for the tax credit, your new home must be purchased for $800,000 or less.

The Lewisville-Flower Mound area has many great neighborhoods, and many of you have lived in your homes for at least 5 years. There are a lot of reasons why you might want to sell your current home and move into a new one. Maybe the kids have moved out, and now your home is just too big. Maybe your family is just beginning, or growing, and you need more space. Maybe you want to move to a location more convenient to your needs. Everyone has their own reasons, their own goals, their own needs. With this tax credit, which probably will not be extended or repeated, you have even more incentive to make that move!

Another great thing about the Lewisville and Flower Mound areas is that home values have remained strong. There hasn't been the big decline that many around the country have experienced. In fact, good homes in the Lewisville and Flower Mound areas are in high demand. With proximity to the Dallas-Fort Worth International Airport, and the cities of Denton, Dallas, and Fort Worth, it's easy to see why the Lewisville/Flower Mound area is so attractive to home buyers. Not to mention the great shopping, restaurants, and the outdoor activities available, including Lewisville Lake and Grapevine Lake!

I'm here to provide a service for you in the most professional and cheerful way I can.

Call or email me to take advantage of this opportunity while you can - what a great chance to sell your current home and to find your new home! Ask me how I can save you even more by listing your current home with me, and using me to assist you in buying your new home. Don't delay on this one - be sure to allow yourself enough time for us to find a buyer for your existing home, and for us to find your new dream home!!!

Lewisville, Tx

The Elemebtary scgool is being built off of Business 121 and right behind a row of apartment complexes. Do I think that think that this is going to bring value to the community and ulitmately raise homes prices. You bet! One of th most important things is how close it is ut does not sit directly in a subdivision. If you are looking to buy or sell in the Lewisville, Coppell, Flower Mound area. Please contact me.

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RESIDENTIAL: Single Family 1200 Valley Oaks DR Lewisville 75067-2004 Offered for: $200,000 Contact Mindy or Jay Robbins 214-563-4584 Request more information Schedule a showing Print a PDF

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Listing Agent and Office: Jay Robbins, Robbins Real Estate Group

New parameters for the HUD $8K incentive may open the door for millions of first-time homebuyers.

The U.S. Department of Housing and Urban Development (HUD) announced Friday that its $8,000 incentive for first-time homebuyers has been tweaked from a refund at tax time to cash made available for assistance on down payments or closing costs.

The mechanics of the new program, according to National Association of Home Builders economist Robert Dietz, allow lenders to purchase tax credits from the buyers and then collect the rebate from the IRS. Homebuyers must still come up with the Federal Housing Administration's mandatory down payment of 3.5 percent on their own, but they can use the tax credit to lower their principal balance and save on monthly payments.

Families can only access this credit after filing their tax returns with the IRS. The announcement details FHA's rules allowing state Housing Finance Agencies and certain non-profits to "monetize" up to the full amount of the tax credit (depending on the amount of the mortgage) so that borrowers can immediately apply the funds toward their down payments. Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate.

"Families will now be able to apply their anticipated tax credit toward their home purchase right away," said HUD secretary Shaun Donovan. "What we're doing will not only help these families to purchase their first home but will present an enormous benefit for communities struggling to deal with an oversupply of housing."

For more information, please visit www.HUD.gov/recovery and find out the facts about the American Recovery and Reinvestment Act of 2009