Huntsville Real Estate Blog

Huntsville Real Estate For Sale: 247 De Jan Road Madison, AL 35758
MLS#319086

Awesome ranch in Stone Crest! The owners have taken special care of this meticulously maintained home and now it can be yours. Welcome your guests into the elegant entry with sidelites and a coat closet. And then enjoy the king-sized great room with soaring ceilings and a wall of windows. The family cook will delight in this well designed kitchen featuring an abundance of cabinet and counter space. The breakfast room brings in the light with double windows and a door to the patio. If you are looking for mom and dad, they have probably retreated to their suite featuring a walk-in closet, dual vanities, corner garden tub and a separate shower. The other two bedrooms share a lovely hall bath and one has its own walk-in closet. An additional room with French doors could be a bedroom, office or formal room. Laundry will be well organized in the separate laundry room. The fully fenced, supersized backyard is perfect for outdoor entertaining. Hurry this one will not last long!

Learn more 247 De Jan Road and other Huntsville real estate by visiting MoveToHuntsville.com.
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Real estate aficionados who follow the upswings and dips in the Huntsville real estate market were worried that the end of the first-time home buyer’s credit would mean an end to housing sales. Sales were up, prices were down and the market seemed to be stabilizing – thanks, in large part, to the tax credit.  The tax credit motivated potential home buyers to become actual home buyers, which kept home sales stable.

Fortunately, those worries were groundless.  President Obama signed a five-month extension on the first-time buyer tax credit November 6^th. The Worker, Homeownership and Business Assistance Act of 2009 covers quite a few new bits of housing legislation:

• Extends the first-time tax credit until April 30, 2010
• Expands to include those home buyers that haven’t owned a home in three or more years
• Allows first-time buyers that are overseas military personnel to take advantage of the credit until May 2011
• Requires documented proof that the buyer actually bought a home
• Changes the credit amount from $8,000 to “$8,000 or 10% of the home’s value”, whichever is less
• Sets the qualification guidelines at $125,000 a year or less for individuals and $225,000 or less for couples (credit amount becomes a scaled decrease above these income levels)
• Requires a minimum age of 18 for those applying for the tax credit
• Adds $6,500 tax credit for those that have lived in a home for at least five years, but want to buy a larger house
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