first time home buyer: An Open Letter To Potential Home Buyer and Fence Sitter - 01/15/10 12:59 AM
Dear Home Buyer and Fence Sitter,
The window of opportunity is closing. Let me explain my thoughts. Prices in the Bay Area are already inching up, same with interest rates. The time to receive the Federal Tax Credit of $8000 or $6500 is rapidly approaching. (Must be in contract by April 30, 2010) FHA is talking about increasing the minimum required down payment and or increasing the cost of required mortgage insurance.
You can purchase a home today and your costs will be fixed for the next 30 years. What else can you buy and maintain the same cost … (1 comments)
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first time home buyer: One Buyer's Loss is Another Buyer's Second Chance - 05/06/09 02:01 PM
30% of Real Estate Deals Don't Go Thru. Maybe it is more, maybe it is less, but that is a pretty good estimate. So what does that mean to buyers and their agents? It means the property you lost out to in multiple offers or just because someone was faster than you does not mean it is gone forever. We all know that a ratified offer on a short sale means nothing until the lien holders agree. Many REO's and individual sales are falling through today. Many buyers, especially first time buyers get concerned when a property falls out of contract. … (0 comments)
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first time home buyer: Top 10 Reasons to Purchase Bay Area Real Estate - 03/02/09 12:39 AM
Top 10 Reasons to Purchase Bay Area Real Estate in Today's Market
•1. Interest Rates are near 40 year lows. You can lock in your housing costs for the next 30 years if you buy not if you rent.
•2. Property Values are at 5 year lows. Some areas have declined in value as much as 60%. Bay Area Real Estate has a long history of recovering and appreciating.
•3. There is a large inventory of homes to choose from with Motivated Sellers. Individual owners and banks selling today must sell.
•4. Getting a loan today is not difficult. … (0 comments)
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