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Very Motivated Seller has Just reduced Price to $165,00!!! This Wonderful One Story Home is Located on more than 1/3 of an Acre with 27 Mature Trees! Rare Opportunity to own a Meticulously Cared for Home on a Large, Heavily Treed Lot in North West Austin! Location! Location! Location! Conveniently Located off of Anderson Mill Road between 183 and Parmer Lane. Close to Major Employers, Restaurants and Shopping. 3 Bedrooms, 2 Full Baths, Beamed Ceiling in the Living Room and a Large Wood Burning Fireplace. This Home features Fantastic Curb Appeal with an Unbelievable Back Yard. Loaded with Storage and even has a Full Size Work Shop with Electricity at the Rear of the House. 2nd Living Area can be a 4th Bedroom, Sunroom, Office or even an Exercise Room - you decide!!  Academically Recognized Live Oak Elementary and Deer Park Middle Schools.  Very Energy Efficient Home – Programmable Thermostat, Heat Pump, Ceiling Fans in every Room.  Low Utility Bills!!!  Square Footage, Lot, Location - Unheard of at this Price! Hurry – This Won’t Last Long! 

Buying or Selling?

I Want to Help!!!

Heather Brown

RE/MAX Austin Skyline

512-751-2931

or visit

www.HeatherBrown.com

Is it a Tax Credit or is it a Loan?

The New $7,500 credit for new homeowners in HR 3221 signed by the President on July 30th, effective from October 1, 2008 into 2009, depending on the section of the act, is not really a credit.  It's a loan.  Those who qualify to receive this credit will receive 10% of the purchase price of their home -- up to $7,500 in the first year.  Then they will repay the loan over a 15 year period, starting in the second year after the taxable year in which the house is purchased.

If you bought a home in August 2008, you start paying back 6.667% of the original credit on your 2010 tax return.  This credit applies to purchases of new homes on or after April 9, 2008 and before July 1, 2009.

* This is a refundable credit.  That means, even if your total tax liability is zero, you can file to get this money directly from IRS.

* Although this is a loan, it is a zero-percent loan.

* Bonus: If you buy the home in 2009, before July 1, 2009, you can make an election to report the purchase on your 2008 tax return and get the refund a year early.

* People who normally don't have to file tax returns will need to start filing tax returns just to pay the credit back.  That will affect seniors living on modest fixed incomes and Social Security.

* If you forget to pay it back? Well, the bill doesn't include any specific penalties.  But all of IRS's usual non-filing and nonpayment penalties will apply.  Expect IRS computers to track this and to issue notices for unfilled returns.

* If you sell the house in less than 15 years, you will have to repay the rest of the credit immediately.  This means the remainder of the unpaid tax credi will be paid at the closing table and will ultimately affect the bottom line net profit of the sale of your home.  This requirement is waived if the owner dies.  There are special provisions when the house is sold due to divorces or other emergencies.

* This is a temporary credit and may not be renewed once it expires on June 3, 2009.

* The credit phases out for married folks, filing jointly, with modified adjusted gross income (MAGI) between $150,000 - $170,000. For singles, the phaseout is a MAGI between $75,000 - $95,000.

Who qualifies?  Folks who haven't owned a principal residence for three years before buying the new home.  If you've owned a vacation home or timeshare, you will still qualify.

In long-distance marriages each spouse may buy his/her own home (principal residence). They will have to split the credit between them.

Please contact the IRS for specifics on this program.  This information is deemed reliable but is only informational and should be checked out by the buyer for exact program details.

*information deemed reliable but should be verified by buyer.

Remember...........

Buying or Selling?

I Want to Help!!!

Heather Brown

RE/MAX Austin Skyline                 

512-751-2931

or visit

www.HeatherBrown.com

Very Motivated Seller! Price Reduced to $149,900! Upscale Condo in Amazing Location! Gated Condo Community just 2 1/2 Miles to the Domain & Convenient to Mopac, Toll Roads and IH-35! This Fantastic Condo is a Rare Floor plan in this Highly Desirable Community! 2 Bedrooms & 2 Full Baths. All Living Space is on One Floor! Very Open and Bright with Windows on 3 Sides. The Master Suite features a Separate Shower, Jacuzzi Tub & Walk in Closet! Many Upgrades including 42 inch Wood Cabinets, Recessed Lighting, Art Nooks, Surround Sound System with Built in Speakers. Washer, Dryer & Fridge Convey. One Car Garage with Garage Door Opener. Balcony with a View, all Patio Furniture Conveys. Situated Right Across the Street from the Pool!  Care Free Living at it's finest! Unbelievable Price $149,900!!!

Buying or Selling?

I Want to Help!!!

Heather Brown

RE/MAX Austin Skyline

512-751-2931

or visit

www.HeatherBrown.com

Beginning December 1, 2008 the Mobility Authority is shutting down its cash booths and going all electronic.  Cash will no longer be accepted as a form of payment on the 183A toll road.  All customers will have the choice to either pay their tolls electronically using Tx Tag or to Pay-By-Mail.  Pay-By-Mail customers don't need to prepay or register.  They simply use the toll road and wait for a bill to show up in the mail.

85% of customers are paying with TxTag.  With such a widespread adoption of electronic tolling, it no longer made sense to keep the the cash booths open; according to Mike Heiligenstein, Executive Director of the Mobility Authority.  "By going cashless, we can improve mobility and safety while eliminating needless idling that wastes fuel and increases vehicle emissions."

Both TxTag and Pay-By-Mail offer added convenience to drivers, eliminating the need to slow down or stop to pay their toll.  In addition, the Mobility Authority expects the transition to save more than $1 million annually on operating costs, which can be utilized for other priority projects, including the northern extension of 183A.

For more information about the transition to cashless tolling visit the Mobility Authority website at http://www.mobilityauthority.com/index.php?option=com_content&view=article&id=103&Itemid=97

Buying or Selling?

I Want to Help!!!

Heather Brown

RE/MAX Austin Skyline

512-751-2931

or visit www.HeatherBrown.com