Good News for Katy and West Houston Homebuyers and Homeowners

We have great news for homebuyers and current homeowners. Congress has passed the extension for the Homebuyer Tax Credit, allowing those who had met the previous deadline of April 30 to have more time to close on their home and still qualify for the tax credit. Nothing like waiting until the last minute! Homebuyers will now have until September 30 to close. The flood of contracts near the end of April, coupled with a wave of refinances has swamped an industry that was already working on a skeleton crew.

In addition to this good news, we also have another extension of the National Flood Insurance Program. The program has been extended through September 30, 2010. While this is excellent news, let’s not forget that we have seen a lapse in flood insurance three times already and a solution that extends the program for a longer period of time needs to be reached. For now, many homeowners can relax knowing that the coverage they ordered and paid for is back in effect. With an active hurricane season forecasted, Katy and West Houston residents will definitely rest a little easier. We’ll keep you posted on this important issue and, as always, feel free to call or email with questions and concerns.

 

Stacy is a licensed REALTOR® and the team leader of The Jones Team, a group of REALTORS® in Katy, who work together to provide exceptional service for their clients. Stacy and his team specialize in the areas west of downtown Houston. These incredible real estate agents can help you buy or sell a home in locations such as Katy, Cypress, far West and Northwest Houston, Richmond, Fulshear, Sugar Land, Spring Branch, Memorial, Spring, Tomball, The Woodlands, and Magnolia. Whether you are in the market to sell a home, buy a home, have a question about home appraisal value, need advice about home staging ,or have any other real estate related questions, Stacy and The Jones Team are available to help.

 

 

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All information in this site is deemed reliable but is not guaranteed and is subject to change.

The information herein is furnished by the owner to the best of his knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for correctness thereof. The offering is made subject to errors, omissions, change of price, prior sale or withdrawal without notice. In accordance with the law, this property is offered without regard to race, creed, national origin, disability or gender.