By Tom Branch, on August 21st, 2012  Some good news from Washington today. According to the Daily Herald:
“A bill that would extend the Mortgage Forgiveness Debt Relief Act through 2013 has been passed by the Senate Finance Committee and advanced to the full chamber for possible action next month. The law spares homeowners who receive principal reductions on their home loans from being hit with hefty federal income taxes on amounts forgiven, extends tax write-offs for mortgage insurance premiums, and continues some energy-efficiency tax credits for remodeling and new home construction. The extension could affect millions of homeowners who are underwater, late on their payments and headed for foreclosure, short sales or deeds-in-lieu of foreclosure.”
This is great news for homeowners facing foreclosure or trying to complete a short sale of their primary home.
Photo Licensed from iStockPhoto
The Act has been extended. http://www.thebranchteam.com/wordpress/2013/01/02/mortgage-forgiveness-debt-relief-act-extended/
By Tom Branch, on August 21st, 2012 
We were out working with a buyer on Sunday who was purchasing a new home in Richwoods, a master planned community in Frisco, Texas.
The builder we worked with that day has at least 30 homes under construction with 30 or more waiting to break ground. Sales have been brisk with the builder offering a number of sales incentives and upgrade packages to encourage early contracting. As the development matures, these incentives tend to be decreased or eliminated and price tend to move upward.
The developer states, “Richwoods brings a unique opportunity to live in a gated community in Frisco TX. Encompassing more than 500 acres of pristine Texas farmland, Richwoods is positioned to become the only gated community of new homes in the entire southeast quadrant of Frisco, Texas.”
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Children will attend Frisco Schools and the community offers easy access to major highways, shopping, recreation, restaurants, and all that the northern suburbs of Dallas have to offer.
Click here to search Richwoods Frisco Texas Homes for Sale.
Photo Copyright 2012 Imaged2Sell
New Home Rebate
Purchase a new home through us and we'll help you with your closing costs! We'll give you a credit of 1.5% of the price of the home at closing to use towards your closing costs.
Click here for our New Home Rebates page.
By Tom Branch, on August 18th, 2012 
About 40 REALTORS® from the Collin County Association of REALTORS® (CCAR) attended a City Council Budget Meeting in Plano this morning to express our concerns about a proposed registration and inspection program for single family homes being leased within the city.
The Mayor and the City Council members were very receptive to our concerns that this was a “solution looking for a problem” and about private property rights. One Council Member stated, “…it does not seem fair to put a program in-place that impacts the 99 percent of owners who take good care of their rental homes to go after the 1 percent who do not…”
After listening to CCAR members and some discussion, the Council removed the proposal from the 2013 budget.
Photo Copyright 2012 Tom Branch
By Tom Branch, on August 15th, 2012 
Belclaire Homes has announced that they will be building on 18 of the 58 lots available in Hamilton Hills West. Although a date was not released, we are told that pre-sales should begin in the near future. We will continue to provide updates as new information becomes available.
Click here for more information on Hamilton Hills in Allen, Texas.
Contact us at 214-705-2470 for more information.
Photo Copyright 2012 Imaged2Sell
New Home Rebate
Purchase a new home through us and we'll help you with your closing costs! We'll give you a credit of 1.5% of the price of the home at closing to use towards your closing costs.
Click here for our New Home Rebates page.
By Tom Branch, on August 13th, 2012 
We are pleased to announce that Gina Branch has been selected by the Plano Chamber of Commerce to participate in Leadership Plano, Class 30!
Members of Class 30 will have the opportunity to explore the inner workings of Plano’s government, educational system, business community, criminal justice system, and the non-profit sector. The nine-month program is designed to expand attendees’ knowledge of the community and increase their leadership competencies.
By Tom Branch, on August 10th, 2012 
4 Bedrooms | 2.1 Baths | 2 Car Garage | 2484 SF per Tax
Wow! This fantastic San Antonio Ranch home is available for sale ($298k) or for lease ($1895 monthly). This custom home was built to take advantage of the elevation and the dramatic views of the canyon to the south. The zeroscaped lot is heavily treed with mountain laurels and other natural vegetation.
View Larger Map
Great Room
View from Main Deck
Kitchen
Master Suite
Virtual Tour
Contact us at 214-227-6626 for more information or to schedule a showing.
Photos and Media Copyright 2012 – Used with Permission
By Tom Branch, on August 10th, 2012  Last week, we had the opportunity to meet with one of the developers of Hamilton Hills. Hamilton Hills is the latest development in Montgomery Farm located just west of US 75 in Allen, Texas.
Montgomery Farm is a 500-acre master planned development. For years, Montgomery Farm was a natural retreat for the Williams family nestled within the sprawling suburban developments of Plano and Allen. The family is transforming the farm into a community founded on the idea that open spaces, woodland habitats and native wildlife can be preserved and enhanced through careful planning and design.
Hamilton Hills is being developed with two distinct sections.
Hamilton Hills East will consist of 22 custom-home lots. Buyers of the lots can choose their own builder but all homes must be LEED certified.
Hamilton Hills West will consist of 37 production home lots. The developer has announced that Belclaire Homes and David Weekly Homes will be the builders for the production homes. Prices will begin in the mid-$500’s.
Plat Maps
Click here for more information on Hamilton Hills in Allen, Texas.
Contact us at 214-705-2470 for more information.
Photo Copyright 2012 – Imaged2Sell | Plat Map Used With Permission
New Home Rebate
Purchase a new home through us and we'll help you with your closing costs! We'll give you a credit of 1.5% of the price of the home at closing to use towards your closing costs.
Click here for our New Home Rebates page.
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