Sharon Conable

Tax Credit for 1st Time HomeBuyers

2008-08-21T22:59:00Z

The Housing and Economic Recovery Act of 2008 authorizes a $7,500 tax credit for first-time home buyers purchasing homes on or after April 9, 2008 and before July 1, 2009 who meet the following qualifications.

To Qualify:

* Home purchases must occur between April 9, 2008 and July 1, 2009 (purchase date is the closing date);

* First time home buyers (defined as not having owned a principal residence during 3 year period prior to purchase);

* Single tax payers with incomes up to $75,000 and married taxpayers with incomes up to $150,000 may qualify for full amount (allowances are made for partial credits);

* Tax credit is an interest free loan and must be repaid over a 15 year period (certain exceptions apply); and

* Maximum credit is $7,500.

For more information, go to www.federalhousingtaxcredit.com

Texas Vet Loans

2008-01-28T20:07:00Z

If you are a Veteran in good standing with sufficient VA entitlement to insure a loan, you may be qualified for a federal VA loan. In Texas, our Veterans get an added bonus. We have Texas Vet loans. To be eligible, you have to be all of the above plus be a Texas resident at the time of application and meet certain Texas Vet residency requirements.

So, what is the Texas Vet Loan program? The Texas Veterans Land Board (VLB) oversees the administration of the Texas Veterans Programs. It provides home, land, and home improvement loans to Texas Veterans and Active Duty military personnel who meet certain Texas residency requirements. The Texas Vet Loan programs are NOT associated with the federal VA; therefore; you may be eligible for the these state loan programs even if you have used your VA benefits.

What does the Texas Vet Loan program offer?

The Veterans Housing Assistance Program (VHAP) offers financing up to $325,000 toward the purchase of a home to qualified Texas Veterans. The term of the loan can be 15, 20, 25, or 30 years. All loans are subject to credit approval. All new-construction housing must be ENERGY-STAR labeled and certified.
The VHAP will finance the purchase of land as long as the land is wholly in Texas, contains at least one acre, has legal, usable access to a public road, and has a survey. Mobile homes and shell homes are not allowable purchases under this loan program.
The VHAP will lend up to $25,000 for up to 20 years on a fixed rate note for substantial repairs to your primary residence. No down payment is required.

The VHAP also oversees the Texas State Veterans Cemetary Program and Texas Veterans Homes. For more information about any of these programs, give me a call at 210-724-7337 or visit the website for the Texas Veterans Land Board at www.glo.state.tx.us/vlb/general.

Are you getting the tax exemptions that you are eligible for???

2007-10-10T20:12:00Z

When you purchase a home for your principal residence, you may apply for a "homestead exemption". If you are eligible for a homestead exemption, you may get $15,000 deducted from the appraised value for school taxes, $3,000 may be reduced for county taxes. There are also optional percentage exemptions from any taxing unit - city, county, school, or special district that may be given at the taxing unit's discretion.

Individuals 65 and older and/or disabled residence homestead owners may qualify for a $10,000 homestead exemption for school taxes, in addition to the $15,000 exemption for all homeowners. If the owner qualifies for both the $10,000 exemption for 65 and older homeowners and the $10,000 exemption for disabled homeowners, the owner must choose one or the other for school taxes. The owner cannot receive both exemptions.

Optional 65 or older or disabled exemptions: Any taxing unit may offer an additional exemption amount of at least $3,000 for taxpayers age 65 or older and/or disabled.

There is also a disabled veteran's exemption. To receive a disabled veteran exemption, you must either be a veteran who was disabled while serving with the U.S. armed forces or the surviving spouse or child (under 18 years of age and unmarried) of a disabled veteran or of a member of the armed forces who was killed while on active duty.

If you purchase a farm/ranch, you may already have an agricultural exemption or a wildlife management exemption. These will provide substantial savings to you should you qualify.

I you have any experiences to share about your exemptions or would like additional information about any of these, please let me know.

Texas Hill Country Real Estate

2007-03-04T15:25:00Z

If you are looking to purchase Texas Hill Country Real Estate, please give me a call. Texas Spotted Horse Realty goes the extra mile to asist you in finding your new property. Our clients wants and needs are paramount to us. There is NEVER a charge to our buyers in fact, we will rebate your inspection fee up to $250.00 at closing.

We can help you through the entire process. We will be by your side throughout the transaction from finding you the right property through closing on the property.

If you are needing to sell your Texas Hill Country Real Estate, we can get the job done on your terms. As a member of the National Association of Realtors, Texas Association of Realtors and the San Antonio Board of Realtors, we have the resources to market your property appropriately,find qualified buyers and we NEVER CHARGE 6%!!!

We are a little different than most Realtors. We don't have a set commission rate. We will negotiate our commission to match your wants and needs.

Give us a call today!

Sharon Conable

TX Spotted Horse Realty

www.satxrealty.com

sconable@satxrealty.com

210-724-7337

Lot / Land For Sale in Blanco

2006-12-05T06:00:00Z

Little Blanco River runs through ranch!!

• lot / land - MLS® #697128 $1,500,000 - Texas Ranch with River

Blanco, Blanco County - A Texas Ranch at its finest! Little Blanco River runs through property. Concrete bridge crosses the river. Huge cypress, oaks and pecans. Great location north of San Antonio, South of Austin, west of San Marcos. Perfect for hunting, recreation or building your dream home on. For information on this property or any other listings, give me a call at 210-724-7337 or e-mail at sconable@satxrealty.com.

Property information