Dennis Sposato, CRS, ABR, GRI, e-PRO, Broker

Welcome to The FrontGate Real Estate — your complete source of information about Real Estate in the Austin area.   As you know, foreclosure properties are on everyone's mind. and now is an excellent time to buy. I can help you find the right foreclosure to suit your needs. As a foreclosure specialist, I am very familiar with VA, HUD, bank REO's and the short sale, which is home in a pre-foreclosure situation. Any of these types of foreclosures is an opportunity to purchase a home for under market value. Each type of foreclosure is different. You need an agent that has extensive experience with each of them.

 

Whether you're buying, thinking about investing,  selling, or  browsing, you'll find something useful here. I'd love to tell you more in person so please feel free to give me a call. My numbers are: Office 512-246-6161 x114, Cell 512-630-6162

 

Thank you,

Dennis Sposato

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Buying Foreclosures - Is it a good Idea?

 

Almost every buyer in the Austin area, today is thinking first about foreclosed homes. It makes good sense because opportunities exist to purchase homes  below market value. I know everyone has heard about the huge depreciation in Real Estate over the last year, and declining values are being driven by foreclosures. This is true, in most cases, but here is a fact that you probably didn't know. According to a recent article from The Texas Real Estate Center, property values in Austin & Round Rock TX have actually appreciated 3.7% in 2008. This would indicate that it's probably a pretty good idea to invest in a home in the Austin area, in spite of the current state of the economy. 

 

$8000 Tax Credit

 

Home Buyer Tax Credit– H.R. 1, the “American Recovery and Reinvestment Act of 2009,” passed the House on February 13, 2009. The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009.  The credit does not require repayment.  Most of the mechanics of the credit will be the same as under the 2008 rules:  the credit will be claimed on a tax return to reduce the purchaser's income tax liability.  If any credit amount remains unused, then the unused amount will be refunded as a check to the purchaser.

 

Therefore, if you are a first time buyer, purchasing a foreclosure you can benefit from the $8,000 tax credit as well as a lower purchase price.

 

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Foreclosure & Short sale specialist.

If you arrived here because your interested in foreclosures I can direct you to my foreclosure list. In addition, I can create a free custom Gateway so you can view Austin area foreclosed properties based on your own criteria. This Gateway is interactive. You can save and mark properties that interest you and I will be notified automatically when you want more information on a property. This service is absolutely free. Give it a try! click here to set it up. I am an Accredited Buyer's Representative and a member of the Real Estate Buyer's Agent Council.

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Why I should be your agent.

Buying and selling real estate are probably the biggest financial transactions of your life. It stands to reason that you would want an agent with the experience, integrity and credentials that stand out from the crowd. I am that agent (see my resume). I am also a Certified Residential Specialist. Only 4% of all agents in the US have the experience and education to be awarded this designation.

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$   Get Free assistance in fighting your Property Taxes.  

Also, when you use me as your Buyer's Agent, I will not abandon you after the transaction is over. In my capacity as a Licensed Property Tax Consultant, I will represent you in an appeal to the County Appraisal District for two years at no charge. This can be of considerable value and is a free service I provide to all my buyer clients.

 

When it comes to buying or selling property in the Austin area, you can count on me to place your best interests ahead of my own.

 

Thanks again for stopping by and feel free to give me a call.

 

Dennis

512-246-6161 x114

Cell: 512-630-6162

 

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