Dallas Real Estate Home Sales Increase Due to Buyer Programs & Tax Credits

April 23, 2010 by · Leave a Comment 

Dallas Real Estate Home Sales Increase Due to Buyer Programs & Tax Credits

 Dallas Real Estate Home Sales

Dallas Real Estate Home Sales

Are we finally seeing a comeback in Dallas real estate home sales?  Statistics are pointing toward a recovery in the

Many attribute the increase in homes sales to the first time and repeat home buyer tax credit that is due to expire on June, 30 2010.  The home buyer tax credit offers first time home buyers up to $8,000 credit and qualifying repeat home buyers in Dallas up to $6,500.

Other programs that have helped move homes for sale in Dallas include the Professional Home Mortgage Program and Community Reinvestment Act.  The Professional Programs offers 100% financing up to $1 million, with no mortgage insurance, to physicians, dentists, lawyers, CPA’s in Dallas with attractive interest rates.  the Community Reinvestment Act Program provides up to 97% LTV financing with no mortgage insurance for condominiums up to a sales price of $270,000.  Of course with every program, certain requirements must be met such as an income limits of $53,200 and owner occupied purchases only, althought in specially designed census areas there are no income limitations.  A great example includes the newly marketed Piazza Sienna in Dallas which is offering refurbished new construction condominiums at unbelievalbe prices with excellent financing options.

Another great Dallas real estate home buyer tax program is the First Time Home Buyer Loan.  This program is only available for single family residences and fee simple townhomes in Dallas and features 95% LTV up to $417,000, no mortgage insurance, no orgination fees, no lender fees, and no payments for 3 months following closing.

Dallas Real Estate Buyer Market | Dallas Home Buyer Programs

For more information on the Dallas real estate buyer market including special incentives and mortgage programs that are available, please contact one of our Dallas Realtors.  Whether you’re looking to buy a condo in Dallas, Dallas townhome, or a home for sale in Dallas Texas, we can assist you in locating the right property at the right price.  Our real estate agents in Dallas have the experience necessary to connect you with the right lenders to ensure you take advantage of the right mortgage program that fits your needs.

Dallas real estate market due in most part to special mortgage programs and tax credits that are fueling sales.  Most reports for 2010 point toward a positive increase in pre owned and new construction home sales.  The Dallas morning news reported today that a surge in high-end homes sales has given some Dallas neighborhoods a big boost with pre owned homes sales jumping more than 80 percent in some areas such as Dallas Park Cities and up to 50% in North Dallas.  Dallas Real Estate High End Home Sales.

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