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buyer psychology: First Time Buyers - Some Gentle Encouragement and Some Possible Properties - 08/26/09 12:51 PM
Folks that follow my blog (hi Mom!) know that I have posted in the past about the first-time home buyer tax credit.  The credit gives eligible individuals $8,000 in a bottom line CREDIT on your 2009 tax return.  In fact, you can even amend the 2008 tax return to get that money sooner. 
I've continued to hit this topic ad nauseaum because many people do not seem to know that the credit expires November 30, 2009.  What that means is any eligible first-time home buyer must have CLOSED on the purchase of a home by November 30, 2009 in order to  receive what is basically free money from the federal … (2 comments)

buyer psychology: How Accurate Are Zillow's Zestimates? - 08/14/09 11:05 AM
It just so happens I wrote a bit yesterday about a Zillow poll that ranked Richmond, Virginia as the 7th best place in the United States to buy a home.  And in that post, I alluded to the fact that I typically disdain Zillow data because I have found it to be ridiculously inaccurate in certain sub-markets, and especially with historic properties.  Here's a blog post I wrote on the topic back in March 2009, "The Zillow Rant OR Why Zillow Zucks."
Well, d*mned if an e-mail from Zillow didn't turn up in my e-mail inbox today.  The e-mail header is "How Accurate … (9 comments)

buyer psychology: First Time Home Buyers - Why Are You Waiting? - 05/18/09 10:12 PM
I am a little bit flummoxed.  Right now, housing affordability is the best it's EVER been, since the National Association of Realtors has been tracking the statistics.  Interest rates are at record lows, under 5% in many instances.  The Federal Government is still making 3.5% down payments, under 5% interest rate financing available to buyers through its FHA program.  AND there is a federal first time home buyer credit available of $8,000, which means eligible individuals or couples filing jointly will get an $8,000 credit on their 2009 tax return.  That is essentially $8,000 in free money back from the government, just for doing … (7 comments)

 

Melissa Loughridge Savenko

Richmond, VA

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RE/MAX Commonwealth

Address: 509-511 N. Meadow Street, Richmond, VA, 23220

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