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buyer information: Hurry...$7,500 Home Credit Ends July 1st! - 01/04/09 06:38 AM
In my July Market Report, I mentioned that The American Housing Rescue and Foreclosure Prevention Act includes provisions to help homeowners keep their homes.
Another provision provides a tax credit of up to a $7,500 (10% of the purchase price) for first time home buyers. Effectively, it's a 15-year no interest loan with payments amounting around $500 per year, depending on the amount of credit you claimed.
This important credit applies to homes purchased by July 1, 2009 so if you or someone you know is thinking of making the move, now is the perfect time to start looking. … (0 comments)
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buyer information: 1st Time Buyer Alert, Part 2 - 08/25/08 11:13 AM
As I wrote in the July Market Report, Congress passed the new American Housing Rescue and Foreclosure Prevention Act to help spur activity and encourage buyers, and particularly first time buyers, to take the homeownership leap. Besides providing a tax credit of up to a $7,500 (10% of the purchase price) for home buyers, what are some of the other considerations to keep in mind?
According to the Wall Street Journal:
The full credit is available for those taxpayers making less than $75,000 ($150,000 if filing joint) Buyers cannot have owned a home as their principle residence in the past three … (0 comments)
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buyer information: Google Is The New MLS, Part 1 - 03/22/08 12:20 PM
I recently reread a post I published June 16, 2004 stating that 70% of home buyers began their search on the internet. That percentage has increased to 80% according to the 2007 National Association of Realtors Profile of Homebuyers and Sellers.
In 2004, the tech-savvy buyer began their search on Realtor.com. Today, due to the plethora of listings syndicated on multiple sites all over the internet, all someone has to do is type an address in Google and up pops the listing. This trend is sure to increase as a new site advertising listings pops up every day.To impress the importance of … (3 comments)
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Debra Drummond | MichiganMoves Real Estate in SE Michigan
Plymouth,
MI
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Address: 15720 Farmington Road, Livonia, MI, 48154
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