This is a great video you really should watch if you are planning to buy a home anytime in the next year or so. It's a HUGE purchase, so what's a few minutes? Grab a cup of tea and press play! When you are done, let me know what you think! … [Read more...]
Jun
04
2009
Even BETTER news for First Time Homebuyers!
It has just been announced that first time home buyers can use the $8000 tax credit to pay down their interest rate and closing costs on an FHA loan. FHA loans are great for buyers who do not have the required 10-20% down payment money to buy a home. With FHA, a qualified buyer can purchase a home with 3.5% down. FHA loans all but disappeared in the seller boom years due to the birth of the 100% financing programs (the same programs that required no proof of income, no worries about … [Read more...]
May
24
2009
$8000 Tax Credit for First Time Homebuyers
I have posted an article previously regarding the $8000 tax credit for first-time homebuyers, however I came across an article that does a great job of explaining it, and may clear up some confusion for some homebuyers, so here it is! Who is eligible to claim the tax credit?First-time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December 1, 2009. For the … [Read more...]
Feb
24
2009
First Time Homebuyer Tax Credit of $8000 Explained!
As you may have heard, significant improvements in the temporary First-Time Homebuyer Tax Credit were signed into law on Feb. 17 as part of the American Recovery and Reinvestment Act of 2009 to provide a housing stimulus for first-time home purchases that occur between Jan. 1 and Dec. 1, 2009. This is even better news for first-time homebuyers than the tax credit announced in April 2008 because not only has the tax credit maximum increased from $7,500 to $8,000 – but more significantly – it … [Read more...]
Do You Work With First-Time Homebuyers?
Absolutely! Many of our past clients have been first-time buyers. We REALLY enjoy helping clients realize their dream of owning their first home! Buying your first home can be very nerve-racking experience, but we understand that first time home buyers have a lot of questions, and we are eager to help our first time buying clients realize the American dream! … [Read more...]
How Many Steps Are there in the Homebuying Process?
Many, and that's why Buyers should have Buyer representation! Here is a partial list! 1) Meet with Buyers to determine buyers needs. 2) Aid in lender financing options. 3) I network with other agents, search the MLS, and other sources to find as many home choices as possible. 4) Set up appointments to see homes. 5) Visit homes, make recommendations to buyer. 6) Write an offer, acquire all disclosures, and explain all forms to buyer. 7) Present offer to sellers or selling agent. 8) Negotiate … [Read more...]
