Better Homes Real Estate Blog

Tax on Home Sales???

Denise & Patrick Kennedy — Tue, 07 Feb 2012 20:55:00 GMT

A rumor about a 3.8% federal tax on all home sales has again hit the in-boxes of Texas consumers and real estate agents. So, is there such a tax for all home sales? No.

The facts are that individuals with incomes over $200,000 a year ($250,000 for married couples) will be subject to a 3.8% tax on profits of more than $250,000 ($500,000 for couples) from the sale of a primary residence. So, a husband and wife who make more than $250,000 a year and sell their home for $510,000 more than their purchase price would pay $380.

by Texas Association of REALTORS®

Life is a Challenge! Name Change...

Denise & Patrick Kennedy — Sat, 10 Dec 2011 05:58:00 GMT

Everyone has challenges presented to them in Life. This year we have had a few, but overall we are very blessed. The short story is our business name will be changing. We are still the same family owned company that works diligently for our clients, only under a new name. We would very much appreciate the support of our clients and friends in this change. Having to rebrand ourselves after all this time is a little challenging but we expect it to be a smooth and positive transition. Read on if you are interested in the longer version.

This challenge came in an unexpected call from a Real Estate Broker in Nevada earlier this year. The gentleman informed us that we might not have the right to use our business name. Now, I want to assure you we went about forming our business legally and correctly. We filed an LLC through the State of Texas, and of course file our county, state and Federal tax returns as we should. However, unknown to us was a company out of Las Vegas NV who several years ago purchased another company out of California with a very similar name (Better Homes Realty). The California company had registered their logo & name with the United States Patent office many years ago, but had never attempted to move in to the Texas market, as far as we know. However the company that purchased them, Avalar/Better Homes, has determined that they want to be a part of the Texas market and are claiming the name. After consulting with our attorney and other patent type attorneys, we have decided to not fight their claim and to move forward, changing our name to prevent any further confusion. They did ask us to join their franchise, but after much thought & prayer we have found that is not the right fit for our team.

Our plan is to continue to provide excellent services that rival any of the large franchised companies, but with the individual service of a boutique brokerage Real Estate office. We appreciate the continued loyalty of our clients and friends.

13220 Ridgepointe Road in Harvest Ridge is Sold!

Denise & Patrick Kennedy — Tue, 30 Aug 2011 17:54:00 GMT

Harvest Ridge, Fort Worth - The single story at 13220 Ridgepointe Road has been sold.

Property information

3612 Diamond Ranch Rd in Lost Creek Ranch is Sold!

Denise & Patrick Kennedy — Tue, 30 Aug 2011 17:50:00 GMT

Lost Creek Ranch, Fort Worth - The single story at 3612 Diamond Ranch Rd has been sold.

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205 Schreiber Drive in Haslet Park Addition is Sold!

Denise & Patrick Kennedy — Wed, 22 Jun 2011 23:20:00 GMT

Haslet Park Addition, Haslet - The single story at 205 Schreiber Drive has been sold.

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Rates are Great! Rates Posted by PCN on May 20th

Denise & Patrick Kennedy — Thu, 26 May 2011 16:31:00 GMT

Mortgage Interest Rates for Fixed and Variable Rate Mortgages*

Rates as of Friday, 20th May, 2011:

	Term	Conforming	APR	Payment per $1,000	Jumbo	APR	Payment per $1,000	Arm Reset Term
Conventional - 30YR Fixed	360	4.625%	4.753%	$5.14	%	0.000%	$0.00	-
Conventional - 15YR Fixed	360	4.000%	4.124%	$4.77	%	0.000%	$0.00	-
3/1 Libor ARM	360	2.375%	2.488%	$3.89	%	0.000%	$0.00	36
5/1 Libor ARM	360	3.000%	3.117%	$4.22	%	0.000%	$0.00	60
USDA - 30YR Fixed	360	4.375%	4.501%	$4.99	%	0.000%	$0.00	-
FHA/VA - 30YR Fixed	360	4.375%	4.501%	$4.99	%	0.000%	$0.00	-
Jumbo - 30YR Fixed	360	%	0.000%	$0.00	5.000%	5.088%	$5.37	-
Jumbo - 5/1 ARM	360	%	0.000%	$0.00	3.750%	3.831%	$4.63	60

*Rates are subject to change due to market fluctuations and borrower's eligibility.

Important Mortgage Rate Disclaimer: The rates on agency conforming loan amounts are for borrowers who are have a middle FICO score over 740 and enough equity in their home to qualify for a refinance or a large enough savings to cover their down payment and closing costs. If the terms of their loan trigger any risk-based loan level pricing adjustments (LLPAs), the rate quote will be higher. LLPA's are based on such criteria as credit score, down payment, documentation type, LTV, property type, occupancy type, and program selected just to name a few. Please keep in mind that interest rates are market driven and subject to several changes daily.

You are receiving this email as a result of your ongoing business relationship with Bill Adcock. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials.

UNSUBSCRIBE. In the unlikely event you decide that you would not like to receive this information, please reply to this email with "Remove" in the subject line.

Bill Adcock
PNC Mortgage
700 E. Southlake Blvd. Suite 170
DFW Metroplex, TX 76092

Single Story For Sale in Harvest Ridge

Denise & Patrick Kennedy — Tue, 24 May 2011 17:15:00 GMT

Fresh and Ready!

• 1,790 sq. ft., 2 bath, 3 bdrm single story - MLS® $125,000

Harvest Ridge, Fort Worth - Take a look at this fabulous and fresh 3 bedroom home with seperate formal area. At first glance you will notice the lovely curb appeal with flagstone porch and great landscaping.

The floorplan has nice flow with a roomy kitchen that includes lots of counterspace and cabinets, open to breakfast area and large family room that boasts fireplace with gas logs.

Other features; upgrade lighting, high ceilings, covered flagstone patio with ceiling fan for outdoor living, sprinkler system and more. The interior was freshly painted and new carpet was installed in Oct/Nov 2010.

This is a must see! Call today for your personal tour.

Property information

Price Reduced on 3616 Silverado Trail in Lost Spurs Ranch

Denise & Patrick Kennedy — Tue, 24 May 2011 17:06:00 GMT

Lost Spurs Ranch, Fort Worth - Announcing a price reduction on 3616 Silverado Trail, a 2,776 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $145,000 - A Must See .....

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Price Reduced on 3616 Silverado Trail in Lost Spurs Ranch

Denise & Patrick Kennedy — Sat, 07 May 2011 14:42:00 GMT

Lost Spurs Ranch, Fort Worth - Announcing a price reduction on 3616 Silverado Trail, a 2,776 sq. ft., 3 bath, 4 bdrm 2 story. Now MLS® $145,500 - A Must See .....

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Single Story For Sale in Haslet Park Addition

Denise & Patrick Kennedy — Sat, 07 May 2011 13:24:00 GMT

• 1,919 sq. ft., 2 bath, 3 bdrm single story - MLS® $212,000

Haslet Park Addition, Haslet

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Fort Worth named All-America City finalist

Denise & Patrick Kennedy — Mon, 11 Apr 2011 18:20:00 GMT

http://www.fortworthgov.org/citynews/default.aspx?id=83952

The quality of life that has made Cowtown one of the nation’s most livable cities is gaining national attention once again.

Fort Worth was one of 26 cities and communities from across the U.S. named Wednesday as a finalist in the 2011 All-America City Award competition. Sponsored by the National Civic League, the award has recognized cities for civic engagement since 1949 and has helped past recipients bring new grant funds and employers.

Fort Worth won the All-America City Award in 1964 and again in 1993

Price Reduced on 13220 Ridgepointe Road in Harvest Ridge

Denise & Patrick Kennedy — Sat, 12 Mar 2011 16:18:00 GMT

Harvest Ridge, Fort Worth - Announcing a price reduction on 13220 Ridgepointe Road, a 1,790 sq. ft., 2 bath, 3 bdrm single story. Now MLS®$127,500 - .

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Price Reduced on 13220 Ridgepointe Road in Harvest Ridge

Denise & Patrick Kennedy — Fri, 04 Mar 2011 17:14:00 GMT

Harvest Ridge, Fort Worth - Announcing a price reduction on 13220 Ridgepointe Road, a 1,790 sq. ft., 2 bath, 3 bdrm single story. Now MLS® $129,750 - .

Property information

Open House in Sendera Ranch East on Friday

Denise & Patrick Kennedy — Fri, 04 Mar 2011 17:11:00 GMT

Sendera Ranch East, Fort Worth - We invite everyone to visit our open house at 14204 Cedar Post Drive on March 4 from 12:00 PM to 6:00 PM.

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11828 Wolfcreek Lane in Villages of Woodland Springs West is Sold!

Denise & Patrick Kennedy — Sat, 26 Feb 2011 16:23:00 GMT

Villages of Woodland Springs West, Fort Worth - The 1 1/2 story at 11828 Wolfcreek Lane has been sold.

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