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Susan Hilton Texas Aggie Real Estate College Station Bryan Texas Real Estate

Could you use $8,000 FREE to buy a house in College Station, Tx?

I sent out the following message in an email to the agents at Century 21 Beal yesterday. Within 24 hours I heard that a competitor had taken the message and sent it out WORD FOR WORD as coming from them. I am flattered but surely they would want to at least re-write it in their own language..... But, back to the important topic - BUYING A HOUSE IN BRYAN & COLLEGE STATION!

The 2009 First-Time Home Buyer Tax Credit was passed into law in February 2009. This credit is available for first time home buyers only who purchase and close on a home in 2009. A first time home buyer is someone who has not owned a principal residence during the three year period prior to the purchase. So, you could actually have owned a home in the past and still qualify. You also must be a U.S. citizen and file your taxes... AND you don't have to pay it back! (unless you sell the house within 3 years after you purchase it....)

Of course there is a bit of fine print. If you are single or head-of-household you can claim the full $8,000 credit if your modified adjusted gross income (MAGI) is less than $75,000. If your income is between $75,000 and $95,000 you may be eligible for a partial first time home buyer tax credit. Married couples filing a joint return can earn up to $150,000 a year and still qualify for the full credit but if your income is between $150,000 and $170,000 you are eligible to receive a partial credit. If you are a single tax payer and your MAGI is greater than $95,000 or a married couple with a MAGI exceeding $170,000 you are not eligible.

Now the sticky part ....

Guess you'll have to go to SusanHilton.com to see the rest....

College Station Rental Registration Requirement Beginning March 1 2009!

College Station Requires you to Register Your Tenants? Or Do you have to Register the College Station Landlord? Or Do You Register the College Station Property? Registration begins March 1, 2009 and must be done within 90 days!

Yes!

Registration of the property with contact information so the City can get in touch with the actual landlord/owner is required. This year the fee is $15 for each property. Who knows what the fee will be next year or the years to come. Once the registration begins it will be easy for the City of College Station to know how many properties are rentals (and which ones) to make more mandates if they would like. It will be much easier to find out how many unrelated people are in a property if they know which ones are rented. Did Texas A&M know about the registration? Did they agree?

Is this the beginning of additional regulations of rental properties in College Station? Is this a way to mandate fewer students? Is this good for the city or is it something that will hurt property values? Will this cause investors to look to purchase in Bryan rather than College Station to stay away from more government regulations?

Who knows!

Click here to read the full press release from the City of College Station about registering landlords.

Susan Hilton

Susan Hilton - Realtor & Sales Trainer for Century 21 Beal

Want to Search the Bryan/College Station Real Estate MLS? CLICK HERE!!!

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Girl Scout Cookies and College Station Texas

Have you noticed the Girl Scouts are out in force selling cookies? Did you stop to buy a few? I sure hope so!

Who are these girls? Why are they selling cookies - especially at this time of the year?

The girls selling cookies are girls who have chosen to work together for a common goal. They work together on projects to learn about their community, learn about themselves, learn about the world. Sad to say but it takes money to do this. It takes money to prepare the materials and to educate them. Since girls may be members no matter what their economic status money is always needed. So, the girls typically have 2 major fund raisers each year. In the fall they sell Nuts and in the Winter they sell cookies.

The girls are all ages - from elementary through high school. And, yes, being a Girl Scout in high school is a bit of a challenge. Sometimes being different (a Girl Scout) isn't cool but these girls know what they want, they are good kids with good grades working to give back to the community and are selling cookies to help fund their projects.

Click through to read the rest of this post! Find out how much the Scouts REALLY get to keep from the cookie sales!

College Station and Bryan Real Estate 2007-2008 Comparisons

So what is REALLY going on in Bryan/College Station, Texas real estate and how does it affect YOU and YOUR home?

The Bryan College Station Multiple Listing Service reported the following information about our LOCAL real estate market -

2007 2008 % Difference

# Listing Inventory 1,118 976 -12.7%

# Closed Sales 2,539 2,490 -2.0%

Sales Closed Vol. $418,307,000 $420,802,000 +0.6%

Avg. Sales Price $164,753 $168,997 +2.6%

How does this compare to the Houston, Texas real estate market?

The average sign family home in Houston dropped 10.4% last month to $192,135 compared to December 2007 but rose 1.0 percent to #208,266 on a year to date basis. The total number of properties sold dropped 16% in Houston - (according to the Houston Association of Realtors - HAR)

So, what does this mean to YOU? Well, it depends...

Want to know why? Checkout the "rest of the story" from Susan Hilton's College Station Real Estate Blog