No Steps! Lg Great rm w/ gas fp! Wonderful Location! Fantastic kitchen w/ granite countertop! Nice Master Suite! Ceramic tile! Attached Garage! Pool community w/ clubhouse & tennis courts!

Exciting Lexington Run Community,68 acres Green space/Two Rec.Centers/Two Pools/Two Clubhouses!Sharp 3400 Sq Ft Custom Home!Fin Basement!9ft Ceil!Gourmet Kit.!Dramatic Owners Suite!1st Floor Study!Wall of Windows!Large Fam Rm/Gas Fireplace!

Split bedroom floor plan! Huge master bedroom w/ owners bath & 2 walk-in closets! Large great room w/ Gas Fireplace! Large Kitchen w/lots of wood cabinets & pantry! Attached Garage! Pool Community! Great Location!

Wonderful Updated kitchen w/lots of cabinets & ceramic tile! Finished Lower Level w/ gas fireplace & walkout, great for entertaining! 2 full baths! Newer carpet! Fenced Yard! Culdesac!

Lg Grt Rm, Huge Dining Rm & Vaulted Family Rm! WBFP! Updated Kitchen w/sep breakfast rm! Nice Mstr Suite w/ private bath! New Windows, Roof & Mechanics! Updated Bath! Private Deck! 1/2 acre lot!

Cozy Family Room! Woodburning Fireplace! Eat In Kitchen! Nice Master Suite! Master Bath! Formal Living Rm & Dining Room! Full Basement!Culdesac Street!Private Patio!Oversized Two Car Garage!Wooded Lot!

3890 Square Feet in Upscale Neighborhood!Gorgeous 2 Acre Wooded Lot on Cul-de-sac. Large Family room w/Cathedral Ceiling w/Gas Fireplace & Hardwood Floors! Dramatic Master Suite! Garden Bath!Dining Room w/Tray Ceiling! Professionally Finished Lower Level in 08! 3 Car! Near Maineville!

Finished Lower Level with Walkout! Updated Kitchen! Stainless Appliances!Backs to Green Space! Newer Heat Pump and Furnace! Wbfp! Open Floor Plan! Pool Coomunity!One Year Warranty! Walking Trails to Landen Lake!

Lg Grt Rm w/ Walkout to Covered Patio! Nice Kitchen w/ Counter Bar, Great for Entertaining! Hardwd Flrs in Kitchen & Grt Rm! 2 Spacious Bedrms & 2 Full Baths! Neutral Decor! Stunning Lake View! No City Earnings Taxes!

Gourmet Kitchen w/ 42 in Cabs & Granite countertops!Dramatic Owners Suite w/ Sitting Rm & Luxury Bath! 2 sty Fam Rm w/ Wall of Windows & Double Mantle & Surround Sound! 1st Fl Study! Cat5 Wiring! Sprinklers! Fenced Yard!

If you have not owned a home in three years, you qualify as a first time home buyer.  If you buy a home after April 9, 2008 and before July 1, 2009, you qualify for this credit.  Call your friends who just bought a home since April 9th and tell them they may take $7,500 off their tax bill if they qualify.  It has to be your principal residence, so rentals do not count.

The tax credit is 10% of the cost of the home, up to a maximum of $7,500. This is not an additional deduction that lowers the amount of income to be taxed, it is a tax credit.  In other words, you take $7,500 off your tax bill.  But there is a catch; the credit you receive now is actually an interest-free loan that must be repaid.

The loan has no interest, and will be paid back over 15 years.  You get the credit on your 2008 taxes, but you start paying it back on your 2010 taxes that are due in 2011, so you get at least two years without a payment.  You pay back 6.67% of the credit each year, so for a $7,500 credit the payment is $502.50 per year.  If you stay put for 15 years, you pay it off with no interest.

What happens if you sell the house?  You pay the balance back at the closing.  So, you get $7,500 now, and pay the rest of it back if you make money on the sale of your house.  What happens if you do not make enough money when you sell your house?  They forgive the rest of the debt. 

Other restrictions stipulate that you have to buy your first house in three years before July 1, 2009, not have super high income, not use bond financing and buy anywhere in the US.

If you’d like to learn more about this program, please call me!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability.  Even though interest rates have gone up in the last six months, they are still near historic lows.  Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life.  It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.”  To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today’s market.