Market Conditions July 2009 - 07/22/09 06:14 PM
Market Conditions
by Realty Times Staff
www.MyNvaHomes.com
The National Association of Home Builders is reporting that Nationwide housing starts and permits posted substantial gains in June as home builders responded to improved market conditions and the impending expiration of the first-time buyer tax credit. These stats comes from the U.S. Commerce Department.

"The upcoming expiration of the first-time home buyer tax credit on December 1st is encouraging some builders to get homes started now so that they can be completed in time for clients to take advantage of this attractive buying incentive," said NAHB Chairman Joe Robson, a home builder … (0 comments)

VHDA 1st Time Home Buyer--Tax Credit Plus Program - 07/16/09 09:41 AM
VHDA 1ST Time Home Buyer – Tax Credit Plus Program
· This loan has a built-in second mortgage to help cover the down payment and closing costs, with zero interest and no payments for the first 12 months.
· The recent economic recovery legislation has created a tax credit incentive of up to $8,000 for first-time home-buyers. VHDA’s Homebuyer Tax Credit Plus loan lets borrowers take advantage of the federal First-time Homebuyer Tax Credit to finance the down payment and closings.
Choose the preferred payment plan:
· Pay off the second mortgage-Build equity in your home.
· Pay off the second … (0 comments)

Determing When Prospects Become Clients - 07/13/09 09:57 AM
Determining When Prospects Become Clients
by Dirk Zeller
Realty Times
www.MyNvaHomes.com
How do you determine whether a prospect should become a client? What are the criteria of becoming a client? Have you created a series of questions to help you minimize the time invested, to determine if a prospect will meet your standard?

You need to create a systemized approach to determine if a prospect measures up to your specific criteria. This approach needs to be applied each and every time you come in contact with a prospect. I believe it doesn’t matter where the prospect comes from; he needs … (3 comments)

Investor Report: Energy Efficiency - 07/13/09 09:51 AM
Investor Report: Energy Efficiency
by Kenneth R. Harney
Realty Times
www.MyNvaHomes.com
For real estate investors buying houses at discount prices, it could be a hot new trend. Instead of simply doing the usual renovations, paint jobs and landscaping to turn around properties for resale or rental, growing numbers of investors are emphasizing energy efficiency improvements to increase market values and cut marketing times.

In Baltimore, A-Plus Neighborhood Homebuyers LLC is now acquiring central city rowhouses -- spending thousands of dollars extra on eco-friendly upgrades they'd never done before -- extra heavy insulation, bamboo flooring and high energy- efficiency appliances and … (0 comments)

Washington Report: Home Affordable Refiance Program - 07/13/09 09:47 AM
Washington Report: Home Affordable Refinance Program
by Kenneth R. Harney
Realty Times
www.MyNvaHomes.om
The Obama administration's latest expansion of its "home affordable" refinance program, outlined just before the July 4 holiday, could be huge news for tens of thousands of owners whose houses are seriously "underwater," or where they're worth a lot less than the mortgage balance owed on them.

Under the new rules, even where borrowers have negative equities of as much as 25 percent, they may be able to refinance into better loan terms, provided their mortgage is owned or guaranteed by Fannie Mae or Freddie Mac.
Under … (0 comments)

Home Buyer Tax Credit Plus - 07/01/09 03:26 PM
Thomas Merical

http://www.mynvahomes.com/
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… (0 comments)