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home buyer: 4 Reasons to Sell NOW!! - 02/17/10 10:15 AM
4 Reasons to Sell Now
Selling a property in this tough market can seem like a challenge. Here are four factors that actually make this a good time to post a For-Sale sign.1. Sell low and buy low. Because all property values are down, the sellers' loss on a property is really only a paper loss because the next property they buy also will be a bargain. If they buy smartly, when prices come back up in a few years, they'll be in better shape.2. Down-payment help is widely available. While nothing-down loans have disappeared, it is easy to find down-payment … (0 comments)
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home buyer: Tips For Finding The Perfect Neighborhood! - 02/17/10 09:34 AM
Greg Olson/REMAX Suburban/Cell (847) 977-7024
Tips for Finding the Perfect Neighborhood Your neighborhood has a big impact on your lifestyle. Follow these steps to find the perfect community to call home.
•· Is it close to your favorite spots? Make a list of the activities - movies, health club, church, etc. - you engage in regularly and stores you visit frequently. See how far you would have to travel from each neighborhood you're considering to engage in your most common activities.
•· Check out the school district. This is especially important if you have children, but it also … (0 comments)
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home buyer: Tax Credit News for your Buyers! - 01/27/10 05:09 PM
Good news homebuyers: You can file for your $8,000 first-time buyer tax credit again.
Bad news: You can't e-file your taxes if you want the cash. And there are long delays.
Last Thursday, CNN revealed that buyers who purchased their properties after Nov. 6 were unable to claim the refund because the Internal Revenue Service had yet to release a new form and instructions. But on Friday, the IRS finally posted the new form 5405.
First-time buyers used to able to immediately file for the tax credit after Congress approved it last February as part of the stimulus program. … (0 comments)
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home buyer: Navigating Short Sales! - 12/15/09 05:24 PM
Greg Olson, REMAX Suburban
You Have Options!!
Navigating Short Sales: What to Do When the Sale Price Leaves You ShortIf you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your … (2 comments)
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home buyer: Tips For Finding the Perfect Neighborhood!! - 12/10/09 02:46 PM
Greg Olson/REMAX Suburban
Cell (847) 977-7024
Tips for Finding the Perfect Neighborhood Your neighborhood has a big impact on your lifestyle. Follow these steps to find the perfect community to call home.
•· Is it close to your favorite spots? Make a list of the activities - movies, health club, church, etc. - you engage in regularly and stores you visit frequently. See how far you would have to travel from each neighborhood you're considering to engage in your most common activities.
•· Check out the school district. This is especially important if you have children, but … (1 comments)
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home buyer: Navigating Short Sales! - 12/01/09 11:34 AM
Greg Olson, REMAX Suburban
Navigating Short Sales: What to Do When the Sale Price Leaves You ShortIf you're thinking of selling your home, and you expect that the total amount you owe on your mortgage will be greater than the selling price of your home, you may be facing a short sale. A short sale is one where the net proceeds from the sale won't cover your total mortgage obligation and closing costs, and you don't have other sources of money to cover the deficiency. A short sale is different from a foreclosure, which is when your lender takes title … (2 comments)
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home buyer: Saving Energy - Helpful Household Hints!! - 11/18/09 03:39 PM
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home buyer: Top Tips to Improve your Credit! - 11/17/09 06:29 AM
1. Review your current credit report for accuracy. Everyone is entitled to one free credit report per year from each of the three credit bureaus-Experian, Equifax, and TransUnion. Get a copy of your credit report and look at it for accuracy. First, make sure that the information in your file is about you and only you, not someone who has a similar name or a similar Social Security number. It is very common for your credit reports to have mistakes or incorrect information. At a minimum, make sure that the information you are being evaluated on is current and correct.
2. … (6 comments)
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home buyer: HOT NEWS---IT'S DONE, THE TAX CREDIT EXTENSION HAS BEEN SIGNED INTO LAW & THE ADDITION INCLUDES A REDUCED CREDIT FOR EXISTING HOME OWNERS - 11/06/09 04:28 PM
Clocks 'Fall Forward' for Homebuyers, as President Obama Signs Off on Extension of First-Time Homebuyers Tax CreditNovember 06, 2009: 11:52 AM ETPARSIPPANY, N.J., Nov. 6 /PRNewswire-FirstCall/ -- Following months of speculation and Congressional debate, President Obama today signed the "Worker, Homeownership and Business Assistance Act of 2009" into law, extending the popular First-Time Homebuyer tax credit originally scheduled to expire on December 1, 2009. This new legislation offers those in the process of buying a home more time to take advantage of this significant tax benefit, allowing them to claim the credit if they close on a first-time home purchase by … (1 comments)
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home buyer: Home Buyers Tax Credit Update - 11/5/2009 - 11/05/09 01:54 PM
$8K tax credit - amount remains the same for first time home buyers Extension - will be for sales contracts entered into by April 30, 2010, and escrow closed in 60 days Homeowners included - $6.5K tax credit for existing home owners as long as they've been in their homes for 5 consecutive years in the past 8 and meet the income limits Income limits increased - Single $75K-> $125K and Married $150K->$250K$225K (updated by CQ, 10:41 am PT) AND - the White House endorsed the plan a few hours ago this morning. And that is the latest!! … (0 comments)
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home buyer: Overlooked FHA Loan Ideal for Foreclosure Buyers - 203K Loans - 10/06/09 05:56 PM
Hidden away in the deep recesses of the federal government is a one-shot financing plan which will allow you to not only buy foreclosures but also to pay for repairs and upgrades.
The FHA's 203(k) program has been on the books for decades but over time it's been rarely used. That's changed recently, in part because the program is ideal for many foreclosure buyers.
How It Works With the 203(k) program you get financing to purchase or refinance an existing home (it has to be at least a year old) plus additional dollars to fix it. Since the government … (0 comments)
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home buyer: Home Buyer's Tax Credit Changes Possible - 10/02/09 09:03 AM
Home Buyer's Tax Credit Changes Possible
The first major change to the $8,000 home buyer's tax credit began moving through Congress the last week of September, giving hope to real estate and building groups pushing for extension of the entire program before it expires November 30, 2009.
House Ways and Means Committee chairman, Congressman Charles Rangel, a New York Democrat, combined several smaller bills into the "Service Members Home Ownership Act of 2009", with a floor vote expected soon.
The bill is intended to correct a flaw in the original tax credit legislation: By requiring buyers to occupy and own their … (1 comments)
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home buyer: $8,000 Tax Credit Still Available!! - 09/07/09 12:04 PM
Less than 90 days left to get your first time buyers tax credit. Must close by November 30th! Visit my website or give me a call on my cell at 847-977-7024 for details!!!
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home buyer: July Newsletter - 08/03/09 01:23 PM
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home buyer: Gardening Tip - 08/03/09 01:20 PM
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Gregory Olson
Streamwood,
IL
More about me…
REMAX Suburban
Office Phone: (847) 577-9797
Cell Phone: (847) 977-7024
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