Condo for sale near Abilene Christian University

Adorable ground floor 1 bedroom unit at 1310 Westheimer.  Neat, clean, and ready for a new occupant.  Appliances stay but are not warranted.  Furniture for sale separately at $2,500. Call for details.  $50,000.

http://www.propertypanorama.com/95618

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Updated List HUD-owned Homes for sale

Here is an updated list of HUD owned properties for sale in Taylor and Callahan counties as of 03/11/2010.

Please call Velda at 325-725-9854 or email Velda@clearwire.net if you have any questions about these homes or how to buy a HUD property.  I  can show and sell any property in our MLS.

Prop. #
Address
City
Price
Beds
Baths
     Bid Deadline
492-811495
1129 S 13TH ST
ABILENE
48,000
2
1
     3/11/2010
492-807189
1554 MIMOSA DR
ABILENE
63,900
3
2
     3/14/2010
492-493619
1301 PARK AVE
ABILENE
23,000
2
     daily  
492-633391
1856 BRIDGE AVE
ABILENE
51,000
3
1.5
     daily  
492-799574
2101 S ELMWOOD
ABILENE
126,450
3
2
     daily  
492-641786
3364 S 5TH ST
ABILENE
53,100
2
2
     daily  
492-727725
3102 PRIMROSE DR
ABILENE
102,000
3
2
     daily  
492-677455
232 W 6TH ST
BAIRD
37,200
3
2
     3/14/2010
492-612790
504 ORIOLE DR
CLYDE
48,500
3
2
     daily  

New Information Provided by Abilene Board of REALTORS

Our Abilene Board of Realtors® is providing a new link to the public for information about local Open Houses. When a Realtor has scheduled an Open House, the date and time will be posted on the Board’s website….. http://www.abilenebor.com/openhouses/ .  The list is updated each week.

Please feel free to contact me if you would like more information about any home you see on the list or any other home for sale.

Let’s talk about the First-Time Homebuyer Tax Credit!

takesavillage

This information is accurate as of April 2009.

There are actually 2 credits that exist. One for purchases after April 9, 2008 for a maximum of $7500 and the new credit with a maximum of $8000. The new credit ($8000) is the topic of this discussion. Here are some of the important points:

· The amount of the credit is a maximum of $8000 (10% of sales price).

· The purchase for the $8,000 credit must be on or after January 1, 2009 and before December 1, 2009.

· The property must qualify: Any single family residence, including co-ops, condos, townhouses, that will be used as a principal residence.

· There is an income limit for the purchaser: Full amount of credit is available for individuals with an AGI of less than $75,000 or for joint returns less than $150,000.

· The credit is for first time homebuyers only. The purchaser and the purchaser’s spouse may not have owned a principal residence in 3 years previous to purchase.

· Purchasers who are using bond money can use the credit.

· There is no repayment of the credit (the previous one required repayment).

· There is a “bad news” component to this: If the home is sold within three years of purchase, the entire amount of the credit is recaptured upon sale.

· The termination date is December 1, 2009.

Here is a link to the IRS website that will give you more information about the 2008 credit ($7,500): http://www.irs.gov/newsroom/article/0,,id=187935,00.html

Information about the 2009 credit is here: http://www.irs.gov/newsroom/article/0,,id=204671,00.html

In order to claim the credit, you will need to file a form with the IRS: http://www.irs.gov/pub/irs-pdf/f5405.pdf

If you have questions about filing with the IRS, please contact your tax consultant or accountant