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home buying: Is It a Buy Now Scenario for Home Buyers! - 07/13/10 05:47 AM
When thinking of buying real estate, which market would you rather be in? A Buyer's market or a Seller's market? Not too difficult to figure is it?
When looking to buy a home in a seller's market, a home buyer may experience a shortage of available homes to look at, may have to compete with other buyers interested in the same home and may be in situations where there are multiple contract offers from home buyers interested in the same home resulting in bidding wars among buyers and higher sale prices. In a market such as that, buyer demand exceeds available home … (6 comments)
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home buying: Home Buyers: What Are You Waiting For? - 09/05/09 05:35 AM
Sitting on the fence wondering if you should purchase a home? Wondering if real estate values will drop futher? Wondering if mortgage interest rates will drop further? Hoping to take advantage of the $8,000 First Time Buyer Tax Credit?
If the $8,000 First Time Buyer Credit is important , the time to act is quickly approaching. To qualify, a First Time Buyer must close on their purchase by November 30, 2009. Again, that is close title on the purchase, not be under contract to purchase. With the recent changes in mortgage processing, a time frame of two months to accomplish everything … (3 comments)
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home buying: Contract Offers: Buyers Need To Be Prepared_Part IV - 05/24/09 06:35 AM
Conditions in the Contract Offer
A contract to purchase real estate includes a sale price, a mortgage amount to be obtained and a closing date whether the home being purchased is in Iselin, New Jersey, in Middlesex County or any other state.However, there is more to a contract to purchase than these details, and that includes the content language in the contract document. The form of the real estate contract prepared by a REALTOR® or real estate licensee can be different from one real estate company to another, from county to county and from state to state.While price and terms are … (0 comments)
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home buying: Contract Offers: Buyers Need To Be Prepared_Part III - 05/04/09 07:30 AM
Terms of the Contract Offer
Initial Deposit
Be prepared to write a deposit check when making a contract offer to purchase real estate. Commonly referred to as a Binder, more commonly known as the initial deposit, this is the check made out to the Selling Real Estate Office when submitting a contract offer. In simple terms, it is a good faith deposit to express interest in purchasing real estate.
What is the required amount of a binder deposit? There is no law as to a required amount, but local real estate practices may determine what is acceptable. Common sense should prevail … (0 comments)
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home buying: Contract Offers: Buyers Need To Be Prepared_Part II - 05/03/09 06:57 AM
The Contract Offer: What Price to Start With
When a decision is made to make an offer to purchase a home, be sure to go back and take a second look. It is so much easier changing your mind about a home before a contract offer is made than after a contract offer is accepted and signed by the seller. This second appointment would be a perfect time to bring along others who may have an impact on a buying decision, such as parents, friend, contractor, etc.Go through the home a second time and look beyond the owner's décor, whether it … (0 comments)
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home buying: Contract Offers: Buyers Need To Be Prepared - 04/28/09 05:44 AM
Some Preliminary Information
Be it the real estate market in 2009 or any other real estate market for that matter, the structure of a real estate purchase contract offer can be the difference in it being accepted or rejected. No, the offering price is not the only factor in negotiating a contract to purchase a home. Regardless of the number of pages in the sales contract, a contract offer can be broken down into 3 separate parts which can be important to the seller: price, terms and conditions. Each has to be satisfactory in order to obtain seller acceptance. In some … (0 comments)
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home buying: Mortgage Interest Rales Below 5 % - 03/15/09 06:44 AM
Great News For Home Buyers and Home Sellers! Mortgage Interest Rates Are Below 5 %.
Consider the benefits. A lower interest rate will reduce the monthly payment for a mortgage loan or provide the ability to finance more in a home purchase and have the same monthly mortgage payment. An example: using a $300,000 mortgage (calculations are estimates only) * 5% interest rate equals a mortgage payment (principal and interest) of $1,610 * 4.75% interest rate equals a mortgage payment (principal and interest) of $1,564This is a is monthly savings of $46.00.
A home buyer now has the benefit of $46.00 … (1 comments)
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home buying: More About The IRS $7,500 IRS Tax Credit - 01/22/09 04:06 AM
Are You a First Tme Home Buyer?
Did you purchase your home on or after April 9, 2008, or are closing before July 1, 2009 on a home you are purchasing? Take advantage of the IRS $7,500 First Time Buyer Tax Credit!
Not familiar with this tax credit, read more: Why isn't their more excitement. Jump to my post "First Time Buyer $7,500 IRS Tax Credit".
Have you recently closed on your real estate purchase in 2009 or will be closing on a purchase shortly? Are you aware that the $7,500 IRS Tax Credit can be used on your … (0 comments)
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David Fialk
Iselin,
NJ
More about me…
Choice Realty Co.
Address: 1144 Green St., Iselin, NJ, 08830
Office Phone: (732) 283-2100 x 102
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