No, I don't mean the end of the world or the start of nuclear hostilities.  I mean the end of the First Time Homebuyer Tax Credit, which is set to expire December 1 of this year.

To have a realistic chance of closing in time, you need to get your home under contract (have a purchase agreement signed by both parties and in hand, that is) in the next week or so.  Banks and the appraisers working for them are going to be so busy from now on, closing times will be hard to come by.  If you aren't working with a top-notch lender, you might want to think about changing.  Or at least check in with him or her to make sure the time frame is still realistic from their point of view. 

Talk to your favorite realtor NOW.  Hopefully someone like yours truly whom you've come to trust and rely on.

Go get 'em, tiger!

 

Who wants $8, 000? Who wants it sooner than later??
05/05/2009
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There is, indeed, an $8, 000 tax credit waiting for all first-time homebuyers who buy their home between January 1st and December 1st of this year.   So if you have never owned a home (or have not owned one in the last three years ) you may qualify… more
218 Record St. Mankato - Price Drop!
04/29/2009
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Jim | Nu Star Realty of Mankato | jim@mankatohomesonline. com | 507-317-0177 218 Record St., Mankato, MN The perfect home for making new friends, entertaining old ones,… more
Help your Buyer find your home - online!
04/28/2009
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The last I heard, the official percentage of buyers looking online for homes was 84%. That's a lot of internet seekers! It's also why I focus so much of my efforts on attracting those buyers to my site, and why I've worked so hard to get www… more
In the spring a young man's fancy lightly turns to thoughts of…
04/15/2009
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Spring is of course the time when more people begin looking for homes than any other, at least in Minnesota. Especially if you're a young man thinking of low interest rates, many affordable homes available, and $8, 000 in pocket money when tax time… more
A word to the wise (Buyer):
04/09/2009
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Realtors are professionals, and many of them have been around doing deals for many, many years. They probably have an idea of which lenders, inspectors, appraisers, and closers in the area are solid and which you might want to think twice about… more
Climbing Google with Karen
04/07/2009
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I'm sure you know of Karen George, a delightful AR poster and SEO specialist. She wrote a couple of blog entries about tags for blogs. Here they are: Part one and part two These seem like very good ideas to me, but a question raised in one of… more
Rule of 100 for investors
04/01/2009
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This was suggested by a real estate investor friend of mine. Using rental information, this is a quick way to evaluate whether a property is worth looking at any further. After checking out the idea while doing my own analysis of rental properties… more
"Ladies and Gentlemen, the Rolling Stones. " REOs, Mick, and you
03/31/2009
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"When the Lord gets ready, you gotta move! " You might remember these lyrics from a song by Mississippi Fred McDowell. Or you might remember the way the Mick Jagger and company sang them As memorable as that song is, if you're an Buyer looking at… more
Contract for Deed - a summary of points
03/31/2009
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If you've been following my series on Contracts for Deed, you've seen quite a bit of information come your way. Here's a quick summary: •· A contract for deed is another way of buying a house, but with the seller providing the… more
 

Jim Scheller - ABR, SRS, e-Pro, GRI

Mankato, MN

More about me…

Bridge Realty - Mankato

Address: 122 South Riverfront Drive, Mankato, MN, 56001

Office Phone: (507) 344-5200

Cell Phone: (507) 317-0177

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