Beautiful 2 bedroom/ 1 bath house on "M" Streets for sale in Dallas under $300,000

Beautiful 2 bedroom/ 1 bath house on "M" Streets for sale in Dallas under $300,000

I am holding an open house Sunday, March 28th, from 11:30-1:30. This house is great. It's in the prime location in the "M" Streets of Dallas. This beautiful 2 bedroom/ 1 bath house for sale under $300,000 featurs refinished hardwood floors, floor to ceiling windows that gives an abundance of natural light. The kitchen is completely updated with new 2009 appliances. Flexible floor plan. 2cs living room area could be turned into 3rd bedroom or a study.

If you desire to live in a 2 bedroom/ 1 bath house on the "M" streets, then this is a great opportunity to come view one of the best houses in the neighborhood!

Existing Home Sales Flatten And Point To A Much Better Spring

As expected, Existing Home Sales fell in February, slipping 30,000 units versus January's numbers. It's the 4th straight month in which Existing Home Sales were lower, month-over-month.

An "existing" home is one that is previously owned and lived-in (i.e. not new construction).

Existing Home Sales peaked in November 2009, just as the First-Time Home Buyer Tax Credit was set to expire. Immediately thereafter, according to the National Association of Realtors®, monthly sales plunged 17 percent in December, then another 7 percent in January.

Comparatively, February's dip is a modest 0.6 percent and is more in line with the pre-tax-credit Existing Home Sales trend. The real estate market is rediscovering its normal.

But "normal" may not last for long.

When the federal home buyer's tax program was extended last year, the new rules stated that home buyers must be under contract for their new, respective homes on, or before, April 30, 2010 in order to claim up to $8,000 in federal money. That deadline is approaching and many markets are experiencing a surge in buyer traffic as April 30 nears.

The Existing Home Sales data doesn't reflect this new demand, nor the number of new contracts written. It only accounts for home closings and, in February, closings were down.

For today's buyers, the market looks favorable. The federal tax credit is in place, mortgage rates stubbornly stick near all-time lows, and home prices are staying in check.

Existing Home Sales should gain through March and April, pressuring home prices higher. And, by the time the press reports the gains, the best deals in the city may already be gone. Consider acting sooner rather than later.

How to Get the Extended Home Buyer Tax Credit

You’ve decided to purchase a home and take advantage of the Extended Home Buyer Tax Credit. Here's what you have to do to get your benefit:

1.Close on your home purchase between November 7, 2009 and April 30, 2010, or have a binding written contract by April 30, 2010 and close by July 1, 2010.


2. Decide whether to:
•• apply the credit to your 2009 tax return, filed on or before April 15, 2010;
•• file an amended 2009 return; or,
•• apply the credit on your 2010 return, filed on or before April 15, 2011.


3.Attach documentation of purchase to your return.
Documentation of Purchase

Details concerning the precise documents required to confirm your purchase have not yet been released. When this information becomes available, we will include instructions and links to the appropriate forms.

When to Apply the Credit

Buyers purchasing homes on or before December 31, 2009 may claim the credit on their 2009 tax returns.



Buyers purchasing in 2010 will have the option to:

•• Claim the credit on their 2009 return, even if the purchase is completed after December 31, 2009;
•• File an amended return for 2009 if their purchase is completed after April 15, 2010; or,
•• Claim the credit on their 2010 tax returns.
If you, or your client, purchased a home between January 1, 2009 and November 6, 2009, please see: How to Get the 2009 First-Time Home Buyer Tax Credit.

Applying the Credit to Your 2009 Taxes

You will need to do three things to claim the credit on your 2009 tax return:

1.Fill out Form 5405 to determine the amount of your available credit;
2.Apply the credit when you file your 2009 tax return or file an amended return;
3.Attach documentation of purchase to your return or amended return.