Good News for East Texas Seniors

For Texas senior homeowners, there has probably never been a better time to buy a new home. In fact, if you are considering down-sizing to a smaller home, you might be able to get rid of your mortgage and have money in your pocket!


But, you need to act now. Late last year, the Federal Government expanded its “First-Time Homebuyers Tax Credit” to allow existing homeowners who have owned a home for 5 consecutive years out of the past 8 years to qualify for the credit when they purchase a new home. The tax credit represents up to $6500 to those who qualify. However, to qualify, you must have your new home under contract by April 30, 2010, and you must close on it no later than June 30, 2010.


To receive the full tax credit, a homebuyer must have an adjusted gross income of less than $225,000 for married couples or $125,000 for single tax filers. The purchase price of the home also must be at least $65,000. The tax credit is reduced for those with higher incomes and those who purchase less expensive homes.


This is a wonderful opportunity for seniors. A homeowner with significant equity in their home may be able to downsize both their home and their mortgage payment—plus take advantage of the extended Federal tax credit.


The tax credit is more than a reduction in tax owed. Someone who owes no Federal income tax will receive a check for the entire credit.


The real estate market in Tyler also offers an unusual opportunity. Although the residential real estate market nationwide has taken a downturn, AOL Real Estate reports that the average Tyler home actually appreciated 2.4% in value in 2009. At the same time, Tyler offers some real estate “bargains” caused by people who must sell their home quickly for a variety of reasons. As a result, it is sometimes possible to both receive a market price for your home, and buy below market value.


For more details about the Federal Tax Credit and information about Tyler Real Estate, visit TylerHomeExpert.com.

Consstitution Week Events at Public Library

Thursday, September 17th, is the start of Constitution Week, a commemoration of America's most important document. For more information, click here.

If you would like to move to this fine city contact me, Carol Wilson. at 903-574-5391 or my website www.TylerHomeExpert.com. I am the expert relocation and real estate expert here in Tyler, TX.

City Installing WiFi in Downtown

The City of Tyler is installing a WiFi system that will extend to cover the downtown square west of Broadway. For detailed info click here.

If you would like to move to this fine city contact me, Carol M Wilson, at 903-574-5391 or my website www.TylerHomeExpert.com. I am he expert relocation and real estate expert here in Tyler, TX.

A NOVEL IDEA - TRANSPARENCY IN GOVERNMENT

Our mayor, Barbara Bass. is to be commended for her support of transparency in government. It is nice to know how our tax dollars are spent. To find out more about how our mayor communicates with her constituents and for the City's financial info, click here

If you would like to move to this fine city, contact me at 903-574-5391 or visit my website, www.TylerHomeExpert.com.

Carol Wilson