Announcements

Ever Wanted to Tri?

Every year The Woodlands hosts multiple Triathlons.  It is an incredible show of athletic ability.  The amount of training and dedication these athletes put into this competition is amazing and awe inspiring.  The participants will all have very different reasons for taking part.  For those who are just beginning the journey of training for such an event, The Woodlands Township has a great day planned.  They will be hosting an Open Water Swim, Open Water Swim Clinic with T.J. and Triathlon First-Timer’s Clinic on Saturday, April 27, 2013, at Northshore Park.  This is a great opportunity to not only get some great information, but to also meet other like minded athletes and get some tips.  No matter what stage of training you are at, there is bound to be something or someone beneficial for you.  For more information, please Click Here.  

The Woodlands Spring Flea Market

Flea Market

As Realtors in The Woodlands, we think its very important to stay informed on the local community information. To help in this we would like to pass along some information that we have just received.

The Woodlands Spring Flea Market will be held on Saturday, March 23, 2013, from 7 to 10 a.m., in the Town Center Parking Garage located at the southwest corner of Six Pines Drive and Lake Robbins, adjacent to The Cynthia Woods Mitchell Pavilion.

Tickets for booth spaces will be sold Saturday, March 2, 2013, noon to 4 p.m., at the Panther Creek Village Center between the Randall's Supermarket and Los Cucos Restaurant. Beginning Monday, March 4, 2013, any remaining booth spaces will be available to purchase at The Woodlands Township Town Hall, 2801 Technology Forest Boulevard, Monday through Friday, from 8 a.m. to 5:30 p.m.

The flea market is a cooperative event with all The Woodlands’ villages participating. A small fee is charged to the sellers to defer flea market expenses. There is no fee for buyers. Any proceeds over cost are funneled back into the community in the form of scholarships, grants and other village association projects.

The Woodlands covenants and deed restrictions do not permit garage sales on residential properties. The flea market provides a means for The Woodlands residents to sell unwanted household goods. Bargain hunters who buy pre-owned items keep them out of the landfill and lessen their impact on the environment. Buying “recycled” products also preserves the natural resources that are used in the manufacturing of these items.

For booth space information, please call Larry Faith at 281-681-0036. For general information, call the flea market hotline at 281-210-3976.

For more information on The Woodlands Township government, please call 281-210-3800 or visit www.thewoodlandstownship-tx.gov.

Red to Yellow? Do You Know Your Local Snakes?

 

One of the many reasons people are drawn to The Woodlands is its namesake. It is a master planned community that incorporates nature into its landscape. A big part of that nature landscape isn't just the beautiful trees and golf courses, it is also all of the natural wildlife inhabitants. Many are openly welcomed, like deer, squirrels, birds, bunny rabbits, etc. But for many there is a large population of natural inhabitants that aren't so cute, cuddly and welcome. Some can be quite dangerous. When moving to a new area, it is a good idea to make sure you know what you might expect to see. And its always a good idea, even if you have lived in the same place for a long time, to take a bit of a refresher. As part of The Woodlands Walk in the Woods Nature Lecture series, herpetologist Mike Howlett, will be presenting information on how to identify snakes you might find in your backyard (or pool). Mr. Howlett will discuss several myths and also talk about the important role that snakes play. This is a free event and will include live contained specimens to view. This lecture will be held on Thursday, February 7th in the Nancy Bock Auditorium at McCullough Junior High School.

For more information, please visit the Walk in the Woods page on The Woodlands Township Web site at www.thewoodlandstownship-tx.gov or call 281-210-3800




TheTop Ten Things You Need to Know About the 3.8% Investment Tax on Home Sales!


We, as REALTORS® in The Woodlands we have been asked several times about the impact of the 3.8% Investment Tax.  We have found that there is a great deal of misinformation being circulated.  We just recently received a new article which we feel shares some good information and explain if/how it will effect you.  Below is article that we received.  We hope that this helps clear up some of the misinformation that is out there.


David Mendel / January 28, 2013

Almost immediately following passage of the Health Care and Education Reconciliation Act of 2010 and Patient Protection and Affordable Care Act in 2010, a series of emails began circulating around the Internet, most with a kernel of truth but largely made up of misinformation. A new round of emails has recently begun to circulate.

REALTORS® are not CPAs or professionals who are necessarily proficient in tax law, so with the new year upon us and as you begin to consider your 2013 tax obligations, HAR recommends that you consult your own tax advisor about your particular circumstances. That being said, here are the general details of the legislation that will potentially impact some home sellers.

The Acts impose a 3.8 percent investment tax on unearned income above certain levels to help fund Medicare. Prior to the U.S. Supreme Court’s upholding the Acts in July 2012, there was much uncertainty whether the tax would actually go into effect.  Now we have certainty, and beginning with the 2013 federal tax year, the 3.8 percent investment tax on unearned income is law.

1) When you add up all of your income from every possible source, and that total is less than $200,000 ($250,000 on a joint tax return), you will NOT be subject to this tax.

2) The 3.8% tax will NEVER be collected as a transfer tax on real estate of any type, so you’ll NEVER pay this tax at the time that you purchase a home or other investment property.

3) You’ll NEVER pay this tax at settlement when you sell your home or investment property. Any capital gain you realize at settlement is just one component of that year’s gross income.

4) If you sell your principal residence, you will still receive the full benefit of the $250,000 (single tax return)/$500,000 (married filing joint tax return) exclusion on the sale of that home. If your capital gain is greater than these amounts, then you will include any gain above these amounts as income on your Form 1040 tax return. Even then, if your total income (including this taxable portion of gain on your residence) is less than the $200,000/$250,000 amounts, you will NOT pay this tax. If your total income is more than these amounts, a formula will protect some portion of your investment.

5) The tax applies to other types of investment income, not just real estate. If your income is more than the $200,000/$250,000 amount, then the tax formula will be applied to capital gains, interest income, dividend income and net rents (i.e., rents after expenses).

6) The tax took effect on January 1, 2013. If you have investment income in 2013, you won’t pay the 3.8% tax until you file your 2013 Form 1040 tax return in 2014. The 3.8% tax for any later year will be paid in the following calendar year when the tax returns are filed.

7) In any particular year, if you have NO income from capital gains, rents, interest or dividends, you’ll NEVER pay this tax, even if you have millions of dollars of other types of income.

8) The formula that determines the amount of 3.8% tax due will ALWAYS protect $200,000 ($250,000 on a joint return) of your income from any burden of the 3.8% tax. For example, if you are single and have a total of $201,000 income, the 3.8% tax would NEVER be imposed on more than $1000.

9) It’s true that investment income from rents on an investment property could be subject to the 3.8% tax. BUT: The only rental income that would be included in your gross income and therefore possibly subject to the tax is net rental income: gross rents minus expenses like depreciation, interest, property tax, maintenance and utilities.

10) The tax was enacted along with the health care legislation in 2010. It was added to the package just hours before the final vote and without review. NAR strongly opposed the tax at the time, and remains hopeful that it will not go into effect. The tax will no doubt be debated during the upcoming tax reform debates in 2013.

Source: National Association of REALTORS®

http://www.harconnect.com/2013/01/28/top-ten-things-you-need-to-know-about-the-3-8-investment-tax-on-home-sales/?utm_source=HAR+Membership&utm_campaign=1b1f05ca64-RSS_EMAIL_CAMPAIGN&utm_medium=email

More Great Shopping!


We, as Realtor’s in The Woodlands we have been asked several times when discussing the community of Creeksidepark or the surrounding areas, when will there be a shopping center closer?  Well, the wait just got a little shorter.  The Woodlands Development company announced the anchor store for the new shopping area will be a new HEB!  For more information, Click Here

Rent vs. Buy?


As Realtor’s in The Woodlands we have been asked this question time and time again.  While there are always several individual factors to consider when answering this question, the general consensus usually is to Buy.  A recent article published by Forbes( click here to read the article) shows that currently it is approximately 45% cheaper to Buy vs. Rent.  With the record low interest rates available to buyers and the upside potential within The Woodlands/Spring area I don’t think we will ever see a better time to purchase real estate

Love Where You Live


For the vast majority of the population, purchasing a home is one of the largest investments they will ever make.  With such a big decision on their hands, as Realtors in The Woodlands, one part of the decision that we try to help remind people of is that more than anything, they need to Love where they live.  Statistically we find that most people stay in their homes for an average of 7 years.  This can be a long time if you “settle” for a house.  Every buyer will have their needs and wants when looking for a house.  Though those needs and wants may change when they actually go looking at homes, the one thing that remains constant in our eyes is that you NEED to love where you live.  Not just the home itself, but the area as well.  The reason someone falls in love with an area or home are incredibly different and personal.

To make it a bit easier on us Realtor’s in The Woodlands/Spring area, it has just recently been ranked by CNN Money and Money Magazine as the #1 Most Affordable City for a Homebuyer!  With the record low interest rates available to buyers and the upside potential within The Woodlands/Spring area we don’t think we will ever see a better time to purchase real estate.  If you would like more information about the area or help with any real estate needs, please let us know. We would be honored to work with you!

Road Closures Around The Woodlands Mall

Road Work

If you have plans to go enjoy the night life around The Woodlands Mall, Market Street, Tinstletown, or in that general area this weekend, please plan ahead!

The mat foundation for the new Anadarko Tower will be poured starting Saturday night, April 14th (around 8:00 p.m.) and ending Sunday morning,  April 15th (around 11:00 a.m.). This will result in the temporary closure of Woodloch Forest Drive between Timberloch and Lake Robbins Drive, and a partial closure of Lake Robbins Drive during the pour.

The best ingress and egress to the Town Center One and Two Buildings during this time will be off of the Mall Ring Road to the north of the properties.



Happy Easter!

EASTER

We would like to wish all of you a glorious and BLESSED Easter.  Please take a moment to watch this video.  It is incredibly moving.



CLICK HERE: HAPPY EASTER


The Woodlands Memorial Hermann Ironman Texas Needs Volunteer's

Iron Man


You can now register to volunteer to help at the 2nd Annual Woodlands Memorial Hermann Ironman Texas. It will be held on May 19th.  They are looking for over 3,000 volunteers.  You can gather a group of friends and really help to support these athletes.


For more information, click here.


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