Even if you already own a home or aren't planning on purchasing one yourself within the next couple of months, chances are you probably know somebody that would benefit from this great tax credit. If you do please forward them a link to this information and have them give us a call (979) 695-3300.
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First Time Home Buyer Tax Credit as amended by the American Recovery and Reinvestment Act of 2009.
The tax credit has been increased to $8,000.
Homes have to be purchased between January 1, 2009 and December 31, 2009.
No repayment/recapture clause for homes sold after 36 months of occupancy and ownership.
The Tax Credit is for home buyers (either spouse if filing jointly) who have NOT owned a principle residence during the three-year period prior to the purchase. Ownership of vacation property or rental property does not disqualify home buyers from this program. The maximum credit is $8,000 or 10% of the home purchase, whichever is less. The credit is available for homes purchased on or after January 1, 2009 and before December 31, 2009.
To qualify for the full tax credit, married couples' modified adjusted gross income (MAGI) should be under $150,000 and single filers' MAGI should be less than $75,000. Partial tax credits may be available for married couples with MAGI incomes of over $150,000 but under $170,000 and single filers with incomes over $75,000 but under $95,000. If married couples who qualify for the first-time tax credit file separately, they would both claim 5% of the home purchase or $4,000 each (whichever is less) on their tax returns. Home buyers who qualify for this program, but who do not intend to purchase a home till the end of 2009, may elect to alter their tax withholdings (up to the amount of the of the tax credit) in order to save up money for a down payment.
However, if the purchase of the home does not occur, the taxes must be repaid to the IRS. There is no recapture or repayment clause IF the home is owned for at least 36 months. The effective date of purchase for new construction (even if buyer owns title to the lot) is the date the owner first occupies the house. So even if construction began in 2008, as long as the home and buyers qualify for the tax credit, they will be eligible if they take possession any time during 2009.
However, new construction bought from the builder is only eligible if the settlement date (closing) takes place between January 1, 2009 and December 31, 2009. The law allows taxpayers to elect to treat qualified 2009 purchases as a 2008 purchase so that they can receive the tax credit on their 2008 tax returns. The full amount of the eligible tax credit is refunded to the buyer, regardless of whether the buyer has paid an equivalent amount in taxes.
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Even if you're not in the Bryan-College Station, TX area, we can still help you by referring you to one of our great agents anywhere in North America! Please visit www.RealEstateBCS.com and call us at (979) 695-3300.
According to the Bryan-College Station Multiple List Service, residential home sales were down for the eighth consecutive month in total number of units sold. There were 296 home sales in June 2009, a significant decline from June of 2008 when 357 homes sold.
The increased difficulty of obtaining a loan (due in part to lenders requiring larger down payments along with higher credit scores) has eliminated many of the "move-up" buyers or buyers that don't have excellent credit or money to put down. Long gone are the zero down programs (unless you are a Veteran). Houses are still selling, but approximately 20% below (number of units sold) 2008 & 2007.
There still are many good reasons to purchase now - a slower market typically can mean a buyer could purchase a better home than they might in a seller's market. Also, the first time home buyer credit could save you up to $8000 if you purchase a home before the end of the year. Due to the larger downpayments required by most lenders, FHA loans are becoming much more common than the last couple of years.
Search our website to see all hot new listings as soon as they come on the market! www.RealEstateBCS.com
$180000 / 3br - 1707 Glade (College Station)
Reply to: your anonymous craigslist address will appear here [Errors when replying to ads?]
Date: 2009-06-25, 8:43AM CDT
1707 Glade
Type: Single Family Home
Location: 1707 Glade, College Station, TX 77840
Bedrooms: 3, Bathrooms: 2 full, 1 half, 0 three-quarter bath
Price: $180,000
Description: This large home has a living room, formal dining room with built-in buffet and a great kitchen with all the counterspace and cabinets desired. Spacious family room has fireplace, 3 bedrooms, 2.5 baths and 2 gar garage. The amazing back yard boasts mature shade trees and a covered patio.
Visit www.RealEstateBCS.com for more information.
Contact Information:
The Smith Team
Keller Williams - The Smith Team
701 University Drive East, Suite 405
College Station, TX 77840
Phone: 979-777-7677
Fax: 979-693-9144
Email: andrewsmithteam@NUMBER1EXPERT.com
1707 Glade (google map) (yahoo map)
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$148,400 1001 Krenek Tap #206 Reply to: Andrew@AndrewSmithTeam.com [?]
Date: 2009-01-27, 11:00AM CST
1001 Krenek Tap #206
Type: Townhouse
Location: 1001 Krenek Tap #206, College Station, TX 77840
Bedrooms: 3, Bathrooms: 3 full, 0 half, 0 three-quarter bath
Price: $148,400
Description: Great 3/3 townhome in the wonderful gated community of Waterwood Townhomes. The is the perfect place for student housing because it is on the A&M shuttle route. Great location close to campus, dining, shopping, entertainment, etc. You will love hanging out at the pool and hot tub, playing on the basketball courts, or going to Central park which is directly across the street!
Visit www.RealEstateBCS.com for more information.
Contact Information:
The Smith Team
Keller Williams - The Smith Team
701 University Drive East, Suite 405
College Station, TX 77840
Phone: 979-777-7677
Fax: 979-693-9144
Email: andrewsmithteam@NUMBER1EXPERT.com
$90000 3504 Oak Ridge (Bryan) (map)
Reply to: Andrew@AndrewSmithTeam.com [?]
Date: 2008-10-03, 1:07PM CDT
3504 Oak Ridge
Type: Single Family Home
Location: 3504 Oak Ridge, Bryan, TX 77802
Bedrooms: 3, Bathrooms: 2 full, 0 half, 0 three-quarter bath
Price: $90,000
Description: 3 bedroom 2 bath home in great, well established neighborhood, that features dining room, breakfast area, formal living and a family room. It also has a 2 car garage and a good sized yard.
Visit www.RealEstateBCS.com for more information.
Contact Information:
The Smith Team
Keller Williams - The Smith Team
701 University Drive East, Suite 405
College Station, TX 77840
Phone: 979-777-7677
Fax: 979-260-3304
Email: andrewsmithteam@NUMBER1EXPERT.com
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Oak Ridge at Barak google map yahoo map
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Bryan-College Station's Best Real Estate Website - featuring Free, Quick, Over-the-Net Home Market Analysis, Search ALL BCS Homes For Sale, Free Consumer Reports and more! www.AndrewSmithTeam.com
Want to Exchange links? http://www.andrewsmithteam.com/links.asp
Find out why Keller Williams is the fastest growing real estate company in North America. http://www.kwbcs.com/
Buy a Home, Feed a Child! http://www.andrewsmithteam.com/
Free, Quick, Over-the-Net Home evaluation! http://www.andrewsmithteam.com/
Search ALL BCS Hot New listings! http://www.andrewsmithteam.com/
Find Out ALL About BCS! http://www.bryancollegestationinfo.com/
The Smith Team has been assisting buyers and sellers in the Brazos Valley for over 10 years.
About Andrew Smith
Chelsie Breaux has lived in the Brazos Valley for 15 years and is trilled to be working for the professional staff of The Real Estate Group. After receiving a degree from Sam Houston State University in Community Health, and enjoying years of experience in Restaurant Management and the Customer Service Industry, the decision to join The Smith Team and be a part of the Real Estate Group was the obvious one.
"From the professional advise and direction my family received in purchasing a home I knew this was an industry that could make dreams come true and that was something I wanted to be a part of. I have enjoyed conversing, meeting, and working with each person of The Smith Team and look forward to helping clients experience an elite level of customer service and satisfaction when working with us. Working as a Real Estate Agent is something I'm passionate about doing and want to share with others in order to help their experience be unforgettable."
The teamwork concept is an idea Chelsie has always surrounded herself with. Her husband Wade Breaux works in the sports industry as the Director of Training for Brazos Valley Youth Soccer as well as a Sales Representative at CC Creations, and both know the power of a strong supporting cast. The Smith Team has listed and sold residential, multifamily, and commercial properties as well as land for area developments for over 10 years here in the Brazos Valley. This type of success does not come with out team work and dedication.
Chelsie combines a strong work ethic with her knowledge of real estate to help home buyers and sellers achieve their unique goals. From her involvement in the community and background in customer satisfaction, Chelsie has been putting smiles on local faces for years. When you are ready to buy a new home or sell your current home let Chelsie Breaux help to make your real estate dreams a reality.
My name is Neli O'Campo. I was born in Seguin, Texas, but I've been raised in the B/CS area for the last 18 years. I graduated from Bryan High School in 2004 and then attended Blinn College. I love spending time with the love of my life, Max, my family and of course my best friends. Previously working in the retail industry, has given me the up most opportunity to meet wonderful customers and make great friends of them. It has also given me the chance to provide absolute customer service and enjoy the work I'm doing.
I am now in the real estate business as The Smith Team office manager. I chose to be part of this industry because I finally found a career that offers great opportunities and long life goals. It gives me the opportunity and honor to work with people and to provide for their needs. I love being part of The Smith Team because everyone is very welcoming and provides the best service in the area... not to mention having the best boss in the world!! Even though I recently joined the team, I've really enjoyed working with them and getting to know the agents. In the future, I would like to become a very successful real estate agent in the B/CS area and have lots of doors open to me in the Hispanic community.
Howdy! I'm Sarah, the Listing Coordinator for The Smith Team. I am originally from Austin, Texas, but have called College Station my home for the last five years. I received a B.S. in Psychology and a minor in Business from Texas A&M University in May 2007. WHOOP! Since then, I've acquired my real estate license and have been eagerly pursuing my passion. My personal goal is to provide service above expectations for our clients and to help build lasting, trusting relationships for our team and the community.
If at any time during your home transaction you have any questions, please don't hesitate to give me a call or send me an email at sarah@andrewsmithteam.com. I hope to work with you soon!
Thanks and Gig ‘Em!
Hello my name is Max Castillo, born and raised in San Antonio, Texas and graduated from Converse Judson High School in 1989. I'm presently employed in retail and have been with the same company for about 22 years. I moved to the B/CS area in 1992 where I continued my retail career as an Assistant Store Director. I really enjoy working with people and meeting their needs, customer service is my main goal. I've always been interested in real estate and my future goal was to become a real estate agent in Bryan/ College Station. I've joined The Smith Team because I believe Andrew is a great leader and mentor and the other team members are very professional, knowledgeable and very helpful, everything Keller Williams and The Smith Team stand for.
I have 2 children, Seth (8) and Mia (6) and they are my little angels! I love the outdoors, traveling and spending time with my children.
My Name is Kristen Carlson and I work for the Smith Team. I graduated from Westlake High School in 2003, located in Austin Texas. I grew up Austin until I left for Texas A&M University in August of 2003.
I am a senior at Texas A&M University and will graduate with a Bachelor of Science degree in Psychology. While at A&M I have been involved in the Aggie Investment Club and Aggie Road Runners. I am so proud to be an Aggie and I look forward to graduating in August of 2008.
I have been apart of the Smith team since June of 2006. I am excited to be a part of The Smith Team and all that it has to offer and to learn the different aspects of the Real Estate Industry.
We specialize in Bryan-College Station, Texas and surrounding areas. We specialize in residential. investments, student properties, land, custom built homes, duplexes, fourplexes, investments, and much more. Our real estate team of 8 will assist you in obtaining your dream home or assist you in getting rid of an unwanted or no longer necessary property.
Our Mission Statement
To lead the local real estate market by providing extraordinary service and commitment to our clients through creative marketing, innovative consumer programs, cutting-edge technology, and detailed and regular follow up.
To provide an experience so fun and exciting, that our clients can not help but to be a "Smith Team Raving Fan - for Life".
We're your PREMIERE home team! If you can find anyone better, use them! Call us today to get The Smith Team working for you - (979) 260-3300
The Smith Team currently consists of five active real estate agents and two non-licensed associates that plan to earn their real estate license before the end of the year. We actively and agressively market our properties and assist home buyers in their quest to find the ideal property to suite their needs. If you, or anyone you know is in need of assistance in the real estate market we are your one true source. Don't hesitate - call us today (979) 260-3300 or visit our website at www.SmithTeamBCS.com We're committed to you!
We have two licensed Brokers, both with various designations ranging from PME (Property Marketing Expert) to P$C (Property Staging Consultant. We'll assist you in selling your property for the most money, in the least time, with the least inconvenience to you.
If you're looking to buy a home register for our free VIP Buyer Program, where you can find out about ALL Hot New Listings BEFORE Other Buyers - visit www.SmithTeamBCS.com today; to start getting all new listings that match your specified ceiteria delivered directly to your email as soon as they come on the market!
You can even search the entire Bryan-College Station MLS from your own home on our website www.SmithTeamBCS.com
Obtain valuable information on any area in Bryan-College Station by utilizing our "Neighborhood Snapshot" available on our website at www.SmithTeamBCS.com This unique program offers you up to the minute information about recent listings as well as recent sales in any neighborhood in the entire Bryan-College Station and surrounding area that you specify!
The Smith Team
Keller Williams Realty Brazos Valley
701 University Drive
East Suite 405
College Station, TX 77840
(979) 260-3300 Direct
(979) 846-4269 Fax
(979) 777-7677 Cell
Andrew@AndrewSmithTeam.com
"The Smith Team- I was a Realtor in Montgomery County for approx 17 years, then after divorce, my ex kept the residential and commercial business we owned, I went to work for Stewart Title of the Woodlands in 1984 as their marketing rep-then later as a escrow officer in the Conroe Office. Missing the excitement of real estate, I went to work as the manager of Merrill Lynch office in the Woodlands, managing 27-30 sales agents. I retired in 1987 and moved to Marlin, Texas. Just fyi-I was Realtor Associate of the Year, Montgomery County twice, Realtor of the year twice, organized the first and was a president-Womens Council Realtors, served on the state education committee and was chairman. Also was life member of TREPAC. So, with that background, when I became a "seller" in College Station, I remembered how I treated sellers/buyers and hoped I would be given the same personal attention and close contact during the time our home was for sale/selling/closing. Well, I was not disappointed with The Smith Team, and Andrew Smith as our listing agent. When we had a first contract, and the home inspection was done-we were crushed- there was so many problems that we were unaware of, and Andrew met us at the home, and told us the high-lights. We asked if we could do our own and he said of course, we had Mr. Buchanan and Mr. Tucker-they were the best. We did everything that was recommended in the reports-and our home sold quickly. Andrew was such a professional, never saying anything negative about two previous inspectors, never saying unkind about anyone. He calmed us, assured us our home would sell soon. He was good to his word during the entire time. At the closing when my husband brought to the closers attention that the FHA contract we had signed provided for the payment of $650 closing cost that the buyer was not allowed to pay, and we had agreed to pay- the buyer had not gone FHA which meant that the amount should have not been ours, Andrew quickly said he would get it cleared up and that he would see that we were refunded the $650.00-and he did. Everything that Andrew or any of the team said they would do, or follow up on, they did. They keep their word, and we would certainly use them again when we relocate to Bryan/ College Station area. They act like professionals, dress like professionals, and treated us with respect. It was a pleasure to work with them"- Lynda Lawless
See All Our Testimonials http://www.andrewsmithteam.com/ourclients.asp
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