firsttime home buyers: More Apartment/Condo Units near Richmond Centre for Homebuyers - 09/23/08 04:31 PM
Richmond, British Columbia, Canada - For those of you who live or work in Richmond, or its neighbouring cities like Vancouver or Surrey, and have been trying to get into the housing market for the first-time, this is the right opportunity for you to look into the apartment listings available in the area near … (1 comments)
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firsttime home buyers: First-Time Home Buyers; Free Book Offer "Your First Home" - 09/18/08 03:58 PM
From Gary Keller of Keller Williams, there is a special category of life's firsts. First kiss. Driving for the first time. Going away to college. Starting your first job. Saying, "I do." Having a child ... All these unique moments bring significance to the story of your life.
Whether you're from … (0 comments)
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firsttime home buyers: 1st Time Home Buyer Tax Credit - Deal or No Deal? - 09/04/08 03:08 PM
Congress and the President recently passed HR3221 into law. This created a new, temporary tax credit to provide an incentive for first time homebuyers.
The $7500 credit will be available for the purchase of a principal residence from April 9, 2008 to July 1, 2009.
Who Qualifies?
Only first time homebuyers … (0 comments)
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firsttime home buyers: Real Estate Gold Rush - 08/30/08 02:54 PM
I call Arizona's last 10 years the real estate ‘gold rush' ....
yes, a lot of money was made; and lost.
However, let's remember that we could be at the begining of a new GOLD RUSH
think about buying a home if you meet these
Top 5 reasons to buy … (0 comments)
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firsttime home buyers: First Time Home Buyers Have High Expectations - 08/25/08 09:55 AM
Apparently first time home buyers want more than they used to. They're less willing buy fixer uppers, per a new Coldwell Banker survey."In the past, first-time home buyers were willing to purchase older, more basic houses in an effort to save money and break into homeownership," said Jim Gillespie, president and … (0 comments)
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firsttime home buyers: CalHFA Announces New Program for REO Homes - 08/21/08 06:07 PM
The California Housing Finance Agency is making funds available for first-time home buyers to purchase select REO homes at discounts at a minimum of 12% below market value and at low, fixed-interest rates. All the ZIP codes in Sacramento are eligible for this program, but to find the specific list of … (6 comments)
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firsttime home buyers: What is all this talk about a $7500.00 Tax Credit? - 08/21/08 12:17 PM
You have probably been hearing a lot about a $7500 tax credit for First-Time Home Buyers and if so would like to hear more. The tax credit is intended to provide a financial resource for home buyers the year they buy a home and to stimulate the housing market and our … (0 comments)
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firsttime home buyers: How can we steer buyers to our listings? - 08/20/08 02:21 PM
In Nashville, TN, the housing market is clearly much better than many other markets across the country. However, the housing inventory is realtively high. So high, in fact, many of our listings are lacking in showings! What should we to do to steer buyers to our Middle Tennessee listings?
Because of recent … (0 comments)
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firsttime home buyers: Remember the First Time You Purchased Real Estate?? - 08/19/08 10:15 PM
What is an escrow account? What does my mortgage actually cover? And, what the heck are origination points? My first real estate purchase was relatively trouble-free. I was 23 years old buying a brand new condominium without a realtor. I felt like a superstar when I negotiated what I thought was … (3 comments)
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firsttime home buyers: Options for Home Buyers - IRA Withdrawals - 08/17/08 05:31 PM
Another option for first-time home buyers is...
to take out money from your traditional individual retirement account (IRA) or from your Roth IRA.
Typically, if you take money out of a traditional IRA before age 59½, you pay a 10% early withdrawal penalty.
you can avoid that penalty if neither … (0 comments)
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firsttime home buyers: 203K FHA Rehab Loan - 08/16/08 10:44 AM
This is my understanding of a 203K FHA Rehab Loan, but please confirm with a qualified loan officer.
On the 203K Rehab Loan, FHA will loan up to 115% of appraised value. The percentages are 3% down, 97% financed, and the additional 15% can be used to rehab the … (1 comments)
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firsttime home buyers: Attention Land Park Shoppers: When You Find a Home You Like, Make an Offer! - 08/11/08 11:42 AM
When I meet with new home buyers, I often give them a booklet I have prepared especially for them. In it, I include a 50-point buyer plan that details precisely what the home buying process will involve and what I will do for them. I also print out the Home … (8 comments)
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firsttime home buyers: Is the Tax Credit for First-Time Home Buyers Refundable? - 08/06/08 07:24 PM
The answer is YES!
The credit reduces the income tax liability for the year of purchase.
· The credit can be claimed even if the taxpayer has little or no federal income tax liability to offset.
· Typically this involves the government sending the taxpayer a check for a … (0 comments)
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firsttime home buyers: First-Time Home Buyers Tax Credit. - 08/06/08 06:32 PM
So who is eligible for this tax credit you may ask?
· The First-Time Home Buyers tax credit is defined as a buyer who has not owned a principal residence in the previous three years.
· U.S> citizens who file tax returns
· Eligible properties include any … (0 comments)
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firsttime home buyers: First-Time Home Buyers should you buy now or wait? - 08/06/08 05:20 PM
It might be a good idea to purchase a new home now for First-Time Home buyers because of the Tax Credit. The Tax Credit is part of the Housing and Economic Recovery Act of 2008, signed into law on July 30, 2008.
Te intent of the tax credit is two … (0 comments)
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firsttime home buyers: First-Time Home Buyer Tax Credit FAQ - 08/04/08 10:27 AM
The recently passed Housing and Economic Recovery Act of 2008 has sparked many questions, many of which have been regarding the $7500 tax credit for first-time home buyers. I have put together the following links to help shed a little light on the Act, and how it will effect you and … (0 comments)
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firsttime home buyers: $7500 first-time home buyer tax credit-- great tip to get first time home buyers to take the LEAP! - 07/30/08 01:26 PM
This is what I learnt today from my builder, and was wondering what kind of input others have on this:
The new law allows for a $7,500 tax credit for first-time home buyers who purchase a home between April 9, 2008 and June 30, 2009. This tax credit is made to … (9 comments)
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firsttime home buyers: A Cactus Flower Blooms for Only One Day - 07/19/08 09:00 PM
If you miss a cactus flower bloom on the day it bursts into splendor, you have missed it forever. There is no turning back the clock. You've got to catch the moment when it arrives or it's gone.
It's very similar to a new listing that pops on the market. The … (7 comments)
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firsttime home buyers: Recycling and Gifting is Better than Sending Stuff to the Landfill - 07/19/08 12:12 PM
My husband is aghast that I am giving away our refrigerator. He says I should sell it on Craigslist and pocket the $300 or so we could probably get for it. He wasn't in favor of buying a new refrigerator anyway. Our Kenmore has been chugging along for almost six years … (10 comments)
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firsttime home buyers: REAL ESTATE IN NEW JERSEY - 07/16/08 06:16 PM
SEVEN THINGS YOU NEED TO KNOW ABOUT REAL ESTATE IN NEW JERSEY
New Jersey Association of REALTORS® Sees Opportunity in State's , (Edison, NJ) New Jersey residents might be surprised to learn that there are many positive aspects about the state's real estate market. Currently, New Jersey real estate market offers many opportunities, … (0 comments)
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firsttime home buyers: Another Success Story! - 07/04/08 12:40 PM
A young lady, active military duty, was referred to me by her Realtor. She had been turned down at least twice for a VA loan and another Realtor in her office recommended me. She was told if anyone could get her client approved for a VA loan, I could. Statements like … (6 comments)
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firsttime home buyers: First-Time Home Buyer Angst and Stress is Normal - 06/26/08 09:12 AM
Probably because of the lower prices in Sacramento, I have been working lately with a larger than usual number of first-time home buyers. Almost 80% of my closed sales for the last quarter were first-time home buyers. The other 20% were investors, and investors are hot-to-trot over entry-level homes as well. … (5 comments)
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firsttime home buyers: "Declining Market" Lender Guidelines continue to hurt the market - 06/02/08 07:30 PM
While I have noticed a definite increase in business; the Real Estate market continues to suffer because tougher lender guidelines.
Last month, Fannie Mae announced they would scrap their High down-payment requirements for borrowers in "declining markets". This policy change went into effect June 1st. The policy called for 5% more in … (6 comments)
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firsttime home buyers: Atlanta Real Estate - First-time Home Buyers - 02/24/08 12:25 AM
Weekly Q&A: How many lenders should I contact to compare interest rates?Some of the most rewarding experiences I've had as a Realtor have been with first-time home buyers. I've found that they ask some VERY good questions, and thought it might helpful to other new buyers if I started documenting the critical … (0 comments)
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firsttime home buyers: Negotiating in Buyer's Markets - 02/15/08 12:10 PM
I often hear from other agents that buyers in today's market place are difficult to work with, and I can't honestly say that has been my experience. Oh, we always seem to encounter the buyers who aren't really ready to commit but, for the most part, my buyers are delightful, especially … (5 comments)
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firsttime home buyers: First-Time Home Buyers - 02/10/08 04:58 PM
… (0 comments)
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firsttime home buyers: Any Great Deals on Homes in Foreclosure in Santa Barbara? - 02/05/08 11:49 AM
This seems to be a common question I get here lately in Santa Barbara and Montecito, mainly from first-time home buyers and investors. Like many things in life though, it simply depends.
The common myth out there seems to universally be that homes in foreclosure must be the best opportunities to buy a … (0 comments)
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firsttime home buyers: DC First Time Home Buyer Federal Tax Credit - 12/23/07 09:55 AM
With Tax season fast approaching; it is important for those Home Owners who purchased a property in Washington DC in 2007 to remember about the DC First Time Home Buyer Tax Credit.
The Tax credit, originally part of a tax cut plan in 1997; has been extended a few times; most recently … (0 comments)
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firsttime home buyers: Buying Brand New Homes -- Buyer Caveats - 12/03/07 01:13 PM
So, you've driven past the new subdivision, watching the bulldozers move the earth to carve out streets and level lots for building. You may have thought about inquiring at the sales office. But then the sign goes up, advertising these homes at a price you can afford. Should you? Could you? … (6 comments)
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firsttime home buyers: 12 Ways to Find a Down Payment - 11/25/07 01:44 PM
Because of pending legislation that threatens to take away down payment assistance for buyers from such organizations as the Nehemiah Corporation, it's no wonder home buyers are concerned about how to find a down payment. Sources are drying up. It can be a struggle for many first-time home buyers, especially those … (14 comments)
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firsttime home buyers: First-Time Home Buyer Tips - 11/20/07 04:35 PM
First-time home buyers are often reluctant to call a real estate agent until they are absolutely, positively confident they will buy a home. And even then, many get cold feet during the process, so don't ever worry about needing to be 100% committed to buying a home. It's completely normal to … (2 comments)
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firsttime home buyers: HOME BUYING GUIDE FOR FIRST-TIME HOME BUYERS - 11/18/07 10:03 AM
There is a saying that it's good to learn from your own mistakes, but it's even better to learn from the mistakes of others. That has never been more true than when you set out to buy your first home. The process can be overwhelming, but by breaking it down into … (2 comments)
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firsttime home buyers: October Trendgraphix Report for Sacramento - 11/14/07 08:14 PM
Lyon agents have exclusive data pertinent to the market in Sacramento. No other agent in Sacramento has access to this data. Why not ask your Lyon agent for a Trendgraphix report specific to your neighborhood?Here are a few numbers and statistics I can share with you: The good news is sales … (2 comments)
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firsttime home buyers: Orange County and Community Housing Innovations Plan to Give Financial Assistance to Low Income First-Time Home Buyers in Middletown, New York - 11/03/07 11:00 AM
Are you interested in becoming a home owner in Middletown, New York but think you can't afford it? Orange County and the non-profit Community Housing Innovations are offering grants as high as $25,000 to low income first-time home buyers interested in buying two bedroom condos in Middletown's brand new Eagle's Point … (2 comments)
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firsttime home buyers: 10 Ways to Lose Your Home - 11/01/07 11:28 AM
I've yet to run into a home buyer who expects to end up in foreclosure. But often the signs are there, before the home owner even recognizes them.
As real estate professionals, it is our duty to disclose adverse conditions that could affect our clients and to protect our clients' interests. I … (0 comments)
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firsttime home buyers: How to get into the housing market - 10/29/07 01:35 PM
If you are currently renting and thinking of finally converting your rental payments into mortgage payments, there' simply a basic process you will have to go through.
As a Home Ownership Consultant, I usually recommend that clients get a mortgage pre-approval. In this way, you know the price range of the property … (0 comments)
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firsttime home buyers: FIRST-TIME HOME BUYERS - 10/13/07 11:36 PM
FIRST-TIME HOME BUYERS
If you are reading this blog, you are either thinking of buying your first home or have decided you want to buy. It is a great time to buy, with mortgage loan interest rates still at record lows. In Northeast Ohio, we are in a Buyer's Market, which means that … (0 comments)
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firsttime home buyers: Why home ownership is attractive to Renters or First-time Buyers? - 10/12/07 12:30 PM
Richmond, British Columbia, Canada -These days, renters and first-time home buyers are amazed to find out that one can actually own a home with as little money as possible. Of course, it's been known to many prospective home owners that there's such a thing as zero down or five percent down … (0 comments)
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firsttime home buyers: Richmond Properties: Apartments near Richmond Centre - 10/12/07 12:08 PM
Richmond, British Columbia, Canada - Living in the central part of the city is an obvious advantage. Not only does one have an access to convenience, dining, recreation and parks but also proximity to transportation.Central Richmond, for example, has attracted many home purchasers in the city of Richmond, especially the first-time … (0 comments)
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firsttime home buyers: Tips for First-Time Home Buyers - 09/28/07 12:52 PM
By Ila Josephs
First-time homebuyers often ride a roller-coaster of emotions, excited at the prospect of owning a home, worried something might go wrong, thrilled at the possibilities, scared that they'll make a mistake, swinging up one day, down the next.
This checklist can help you move through the process with confidence.
First make … (0 comments)
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firsttime home buyers: Shopping for a Mortgage in Today's Market - 08/14/07 09:10 PM
Here is a paraphrase of an article about shopping for a mortgage from the September 2007 Kiplinger's magazine, by Patricia Mertz Esswein:
Although subprime mortgage troubles are affecting all borrowers, people with not so good credit will undergo the toughest underwriting.
First-time buyers who are stretching to make a mortgage will have the … (0 comments)
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firsttime home buyers: Is now the best time to buy? - 08/08/07 02:32 PM
More and more I am asked this question-well...honestly if you are asking yourself this-I have some questions for you?
Now can definitely be the best time to buy for you if...
- You have your finances in order
-You have a good Credit score
-You can afford to purchase a home and/or you know how much … (0 comments)
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firsttime home buyers: Prepare Before You Buy - 04/09/07 08:34 PM
Before you buy a home, perhaps one of the largest purchases in your lifetime, there are a few things that you can do to prepare yourself for the events that take place during this purchase transaction. 1. Check your credit reports at http://www.freecreditreport.com/ . Before I began my career in real estate, … (2 comments)
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