first time home buyers: Home Buying is Not an Impulse Item - 09/28/11 11:00 AM
You know the drill. Whether you are an agent or a loan officer you have had the client who calls your number and leaves a voice message asking for help. Or perhaps they emailed you and asked some questions. Maybe you're in a meeting or maybe, just maybe, they send the email at 11:22PM. When you finally get the message, the next morning, you make it the first order of business to contact them and they say, "Oh, I already found somebody to help me."
Really buyers? You just jump on the first call center who has 24 hour phone operator/order … (2 comments)
|
first time home buyers: [Video] In case you have not heard - Tax credits end April 30th - 03/01/10 04:14 PM
If you live in Georgia or want to live in Georgia I can help you fully understand the steps to get from loan application to closing table. If you are a first time home buyer or a repeat home buyer who has lived in your primary residence for at least 3 of the last 5 years of ownership I can help you. (We can still do a loan for you but you may not qualify for the home buyer tax credit).
Up to $8000 for first time home buyers who have not owned a principle residence in the last three (3) … (8 comments)
|
first time home buyers: Last chance for First Time Home Buyers and other tax credits? - 02/19/10 05:50 PM
At the time I was writing this post we had 69 days and nearly 22 hours left to get those contracts signed and executed. Let me explain - that's almost not enough time.
By the time you, as a home shopper, get approved for a mortgage (should always be the first step unless you truly are paying cash), find the home you are looking for, make an offer, get it back - not including the time it takes to negotiate price if that comes into play, get the inspection and appraisal done and get your loan to closing about 30 days … (4 comments)
|
first time home buyers: Let's Explore Sect 11 of HR 3548 The Extension and Modification of the FTHB Tax Credit - 11/06/09 03:49 PM
HIGHLIGHTS ONLY - I don't want to distribute incorrect information so if you have a viable correction please make it known in the comments.
HR 3458 "The Worker, Home Ownership and Business Assistance Act of 2009"
While it is called an "Extension and Modification of the First-Time Homebuyer's Tax Credit" it really is an extension and overhaul or re-construction. Modified doesn't seem to cover it. If you are interested the full text of the Resolution signed into law is found at this link on Thomas Library of Congress. (This is also based on S 1678 dated September 16, 2009 and passed … (8 comments)
|
first time home buyers: Hear Me Clearly: First Time Homebuyer's Must Qualify and Offer NOW! - 10/15/09 10:27 AM
By NOW! I mean if you have not called a loan officer to get qualified, found a property and made an offer you're dangerously close to missing the First Time Home Buyer's Tax Credit. I know what you hear in your mind, "it's good through the end of November." You would, of course, be correct in so saying. Your correctness would be equivalent to leaving New York City for a trip to Tokyo to see your best friend's wedding which happens at 5PM your time and you are getting on a jet at Noon your time the day of the event. … (7 comments)
|
first time home buyers: The First Time Buyer's Credit Has NOT Been Extended (yet) - 10/14/09 08:44 AM
I have seen a blog post and it has been reposted that gives the impression the federal First Time Home Buyer's Tax Credit has been extended for 12 months. Actually it has not yet been extended. Only the house has voted on a resolution titled "The Service Members Home Ownership Tax Act of 2009" which does provide for an extension of 12 months for veterans or service members who spent 90 or more overseas during calendar year 2009.
As everyone knows for a resolution to become a law it must also be passed by the Senate which sometimes adopts the House … (5 comments)
|
first time home buyers: The Calendar Moves Quickly on First Time Home Buyers - 05/27/09 10:15 AM
We have hashed and re-hashed what the First Time Home Buyer's Tax Credit (FTHBTC) is and is not. Some are still confused and I am not even about to breech that subject of whether or not it can be used as a down payment. If you look good in orange feel free to try that out yourself. What I do want to tell you is, as of this date, an indisputable fact:
If a buyer does not close on their first home before December 1, 2009 they will not be eligible for the Federal First Time Home Buyer's Tax Credit of … (4 comments)
|
first time home buyers: Who Qualifies as a First Time Home Buyer? - 02/21/09 09:14 AM
On one of my blogs the traffic logs keep showing a certain search string containing something similar to "who qualifies as a first time home buyer". There is a remote possibility you, the reader, may not know why this is a popular question. If so the short answer is: Congress just raised the first time home buyer tax credit from $7,500 to $8,000 and extended the qualifying purchase period to homes purchased between January 1 and December 1 of this year (2009).
There are literally thousands of blogs and articles dedicated to explaining the changes so this one deals with this … (4 comments)
|
first time home buyers: Changes to the First Time Home Buyer's Tax Credit - 02/15/09 09:37 AM
Reading the 577 pages of Section B of the American Recovery and Reinvestment Tax Act of 2009 is daunting. Understanding that there are few "new" laws included in it makes you realize you better have some good Thomas skills to cross-reference with the existing laws thich are being ammended. A weekend project is obviously going to turn into a month.
Having read thousands and thousands of pages of Acts, Laws and Regulations I'm not surprised that this would never serve as a stand alone guide. I am, however, blown away that this was in the house for such a short time … (4 comments)
|
first time home buyers: Seminar: Home Buying Without Fear In A Confused Market - 01/29/08 09:53 AM
No cost to attend this seminar. We started in 2001 and it has grown into an AMAZING presentation. Everyone says, "I can't believe you taught us that much for FREE!" … (3 comments)
|
first time home buyers: Hand Holding vs. Direction Pointing - 04/06/07 08:22 AM
It is not polite to point. How many times did you hear that in your formative years? I heard it enough to stick in my head. But sometimes it is a technique that works.
Our clientele ranges in scope from first time home buyers just barely out of high school to seasoned investors with multi-million dollar portfolios and years of investment management experience. It may surprise you to find that there are individual members of both groups who need hand holding and members of both groups who need directional guidance.
One way we determine who needs which method is by asking common … (1 comments)
|
first time home buyers: Hold On - It Will Pass! - 04/03/07 07:06 PM
I read an article that said, "Nobody saw it coming."
Whatever. I've been telling my clients and my associates for over a year that this cannot last. The numbers don't work. It's all smoke and mirrors. Excitement built on hype and funded with greed. Bad combination.
However, I will say that the end is in sight. What has happened is that lenders who took the most risk are out. I found it sadly ironic that there was a rep from SouthStar in my office on Thursday of last week trying to by some loans and saying how secure and stable their company is … (5 comments)
|
first time home buyers: Seven Keys for Faster Closings - 01/31/07 09:18 AM
What we all want is faster closings. The buyer wants that. The seller wants that. All the agents want that. The mortgage originator, their broker and the lender want that. So, let's stop all the finger pointing and take care of business in a flash with a smile.
Here are seven things guaranteed to expedite closings where the mortgage is concerned if needed.
1) Get pre-approved before you start shopping. Making an offer on a property you do not know if you can afford is not even close to wise. If you cannot afford the loan payments buying that property is a … (5 comments)
|
first time home buyers: Expect The Unexpected - Prepare For The Unkown - 08/30/06 05:40 PM
Sounds like the beginning to the Twilight Zone, yes? What home buyers and even home sellers do which is always a mistake only of shortsightedness or failure to have highly adaptable contingency plans is to think that everything is going to go smoothly - no glitches. Wouldn't that be just dandy! So what to do?
Educate, train, prepare. Even practice. Practice? Yes! Practice! Think you can't practice with a seller or a buyer? Think you can't dry run it? Oh you think that takes too much time to do with every deal? Okay then, hush your whining ;)
It takes maybe 1 hour … (0 comments)
|
first time home buyers: Why Good Seminars Give Great Results - 08/29/06 08:06 PM
Okay, you've been in the industry long enough to have seen that new "green" agent conducting their own "Homebuyers 101 Seminar" and you thought to yourself: Wait, you've never even SHOWN a home much less SOLD a home! Me too. But gosh, it seems like such a great idea!
Well, it is. And the truth is even a green agent with no sales experience who invites the right partners to assist in the seminar can give some extremely valuable information. I've facilitated over 2000 deals since 2001 but in 2001 I had only done my own deals and had been to the … (2 comments)
|
;)
;)
;)
