Buy Your New Home Now Before Prices Go Up

While grim economic news has been at the forefront of everyone’s mind for the past several months, economic indicators seem to show that the economy is improving. Retail sales in March weren’t as slow as economists had predicted. Job losses are slowing. Some retail chains are even ramping up for expansion again.

All of this means one thing: the downward slide is slowing, even stopping.

That means that an upward trend is just around the corner.

Historically speaking, employment indexes lag other economic indicators in predicting an economic downturn or expansion. Because job indexes are beginning to show signs of improvement, in the form of slowing losses, the economy may actually already be on the upswing again.

When the economy improves, home values improve. Higher demand equals an increase in property values, and as people loosen the purse strings, demand goes up. By the time you actually feel an economic upswing, it’s already too late to get the best deals. When the economy is improving, prices are already rising, so the best deals have already passed with the lowest prices.

Don’t wait until the recession is officially declared to be over to buy your dream home. It takes over 18 months to declare a recession; if you wait until it’s declared over, you’re likely to have missed out on six months – or more – of prime buying time. That translates to tons of missed opportunities, and actual dollar cost in your pocket.

Buy your new home now, and get in on the next new housing boom. Don’t wait until the boom is in full swing and you’ll have to pay $30,000 more for the house you want;buy today contact Carlos Salinas, Real Estate Magician to take advantage of great prices before the economy drives them up again. Fill out one of our Requests and let us help you get your dream home now, so you can get ahead of the next housing boom and turn a profit on your home!

Carlos Salinas

Real Estate Magician

Affordable Mortgage Solutions for a changing Market

TEXAS - As credit standards tighten and financial markets struggle to find the bottom, home buyers' ability to get an affordable mortgage has never been a more critical component in the real estate transaction. With consumer confidence at an all-time low it's become vital that Realtor's stay apprised as to what lending options are still available for their clients.

Let's face it, unless your buyers can get financing, you waste your time and theirs in helping them find the perfect home.

As a listing salesperson, you lose valuable selling time on the market while a buyer negotiates with a lender, only to have the loan fall through.

Though the entire mortgage landscape has changed, there are still many options to help consumers purchase a new home. To learn about mortgage products, just click Texas Realty Mortgages.


Carlos Salinas
"Real Estate Magician"

Details on the NEW First Time Home Buyers Tax Credit

Details on the NEW First Time Home Buyers Tax Credit

Here is a simple explanation of the First-Time Home Buyer Tax Credit that is part of the Stimulus Package that was just signed by President Obama.

Essentially, first-time home buyers within certain income limits who purchase a home in 2009 before December 1, 2009 will receive a tax credit of up to $8,000.

· To qualify as a first-time home buyer as defined in the programs, the purchaser (and the purchaser’s spouse) may not have owned a home in the three years prior to the purchase date of the home. Single family homes qualify for the program. The home must be the primary residence.

· The tax credit is subject to adjusted gross income limitations as follows: $8,000 tax credit for AGI of less than $75,000 if single or less than $150,000 if married filing jointly; phased out for AGI up to $95,000 single/ $170,000 joint.

· The amount for the credit is the lesser of 10% of the home purchase price or $8,000.

· The $8,000 tax credit will not be repaid unless the home is sold within the first three years. If sold, the full amount of the tax credit must be repaid upon sale.

· The $8,000 tax credit does not restrict a purchaser from utilizing state/local revenue bond money to help finance the home purchase.

The program is similar to the $7,500 tax credit which applied to home purchases made in 2008 after April 9. Some differences are noted below:

· While a purchaser still owns the home, the $7,500 credit must be repaid in equal payments over a period of 15 years, starting with the 2010 tax filing.

· Upon sale of the home, any portion of the $7,500 credit not yet repaid is due in full.

· The $7,500 credit was not available to any purchaser utilizing state/local revenue bond money to help finance the home purchase.

· Under both the $7,500 and the $8,000 programs, the credit may be applied to the purchaser's 2008 income tax return. Any tax refund monies due the purchaser(s) will be sent as an IRS refund.

I hope this information helps. It's time to get the word out to purchasers who qualify for the tax credit that NOW is the time to buy! CALL ME!

Carlos Salinas
Real Estate Magician

Leading Cause of Financial Crisis for an American family

Do you know what the leading cause of financial crisis for an American family are? It could that one event in their lives derails them ie. A loss of a job, an illness etc, or it could be a series of events.

According to the Debt Solutions of American average client profile, the cause of financial problems are broken down accordingly:

Excessive use of credit / Over Obligation: 39%

Reduced Income / Unemployment: 24%

Poor Money Management : 15%

Divorce / Separation: 8%

Other: 14%

Carlos Salinas
"Real Estate Magician"

Carlos Salinas Named Commissioner Of New Minor League

The following article appeared in the ForneyPost.net

Carlos “The Real Estate Magician” Salinas has joined the Forney Youth Baseball Association as a commissioner, bringing a wealth of baseball experience to our community league.

“We are very proud that a professional like Carlos Salinas with his dynamic potential has agreed to help us execute our vision under our new association with Little League,” said FYBA Director Kevin Wingfield.

As commissioner, Salinas will oversee many key FYBA initiatives, including the launch of a new season under the new affiliation with Little League. Additionally, he will drive the Minor League coaches to strive for an all kids play and that we all have fun.

The Forney Youth Baseball Association is focusing on our kids and community involvement. FYBA was established for our kids to have fun while learning, team work, character, courage and loyalty.

Salinas, a Forney resident is a REALTOR® and Mortgage Loan Officer, very organized, results oriented professional with extensive real estate experience in buying, selling, investment properties and loans. He’s married for 16 years with 3 boys, volunteers not only with FYBA but, at many city and church events as well.For more information on FYBA contact Carlos Salinas at (214) 417-4455 or http://www.realestatemagician.net/.

Carlos Salinas
"Real Estate Magician"

Statewide Facts on Texas

Texas real estate (RealEstateMagician.net) remains a strong long-term investment. The average home sales price in Texas has increased $15,600 from December 2004 to December 2008; over the same four years, median sales prices (half of all homes sold are priced higher and half are prices lower) increased$8,600.

Texas has a balanced market.Statewide, there was 6.4-month inventory of homes for sale at the end of 2008 Find one now at Real Estate Magician. Economists at the Real Estate Center at Texas A&M say that inventoryabout 6 ½ months of inventory is a balanced market, where homes are being sold and prices continue to increase at a moderate pace.
Texas homes have appreciated steadily. Home-price appreciation in Texas has not fallen below zero in the last 16 years.

Texas has steady home value appreciation. Sales prices in places like California, Florida, Nevada, and Arizona have had rapid rises and dropsin values, while Texas prices have remained relatively steady.
Most borrowers are approved. According to a report by the National Association of REALTORS®, 91% of buyers in Texas were NOT rejected by lenders last year. Get a Home Loan or Refinance Today.

First time home buyers qualify for a $8,000 tax credit that does not have to be repaidif the buyer remains in the home for at lease three years.
Courtesy of Dfw Realtors & Carlos Salinas Real Estate Magician

Carlos Salinas
"Real Estate Magican"

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First Time Homebuyer Tax Credit

First Time Homebuyer Tax Credit is an $8000 tax credit that is available forqualified purchase of a principal residence by a first time homebuyer betweenJanuary 1, 2009 and December 1, 2009. The credit does not require repayment.Individuals who purchase in 2009 using financing assistance from state andlocal mortgage bonds will be permitted to use the credit, as well. For moreinformation on the Tax Credit contact Carlos Salinas at Texas Homes & Loans.

Carlos Salinas
"Real Estate Magican"

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WHY TEXAS IS DIFFERENT

Why Texas Is Different

Strong,diverse economy:
Texas is strong in industries that are still growing(such as professional & business services, education & healthservices, government) and has the second largest economy in the nationby GDP according to the U.S. Bureau of Economic Analysis.

Steady job growth:
According to the U.S. Bureau of Labor and Statistics, Texasadded 153,700 jobs (1.5% increase in employment) from December 2007 toDecember 2008, while during the same time the national unemploymentrate rose 2.3%.

Top state torelocate:
According to Allied Van Lines’ 41st Annual Magnet StatesReport, Texas is the No. 1 destination state for residentialrelocations for the 4th year in a row. New data from the U.S. CensusBureau confirms that Texas gained more residents (484,000) between July2007 and July 2008 than any other state.

Courtesy of DfwRealtors & Carlos Salinas Real Estate Magician

Carlos Salinas
"Real Estate Magican"

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