Successful Short Sale, Solutions - 11/30/09 02:00 PM
Solutions for a successful short sale.
 
Price the property correctly. Always remember that the third party still must accept the pricing. Do a detailed market analysis of homes in the area and price property accordingly. Keep a detailed log of any price changes to forward to the bank or third party. Always prepare and present a full credit, financial and marketing package to the third party for an approval. Communication is Key to getting third party approval. Make sure to communicate with everyone involved during the short sale process. Timing is another important factor in a successful short sale. Know … (0 comments)

Quick Guide to the Tax Credit for 1st Time & Move Up Buyers - 11/09/09 06:47 PM
Homebuyer Tax Credit Update  
Here are some pointers for the extended & expanded tax credits.
  
*First Time buyers 10% of Purchase price with a maximum of $8000.  
*Current Owners have an incentive up to $6500-Qualifed buyer must have owned /occupied a primary residence 5 of the last 8 years.   
*Income limits are expanded to $125,000 on a single return with a cap of $145,000 & $225,000 on a joint return with a cap of $245,000.
  *Maximum purchase price is $800,000.
  *New Deadline ...contracts needs to be in effect no later than April 30, 2010 and close no later … (0 comments)

How To for 1st Time Buyer in this Marketplace - 11/09/09 01:02 PM
Tips for the 1st Time Home Buyers in the Marketplace today. 
1. Make sure that your finances are in order. Get a copy of your credit report and see what it looks like. Correct any blemishes on your credit.  
2. Mortgage and down payment is the next step in preparing to purchase a home. Talk with a qualified loan officer to get preapproved for a mortgage. Your Realtor can help you locate a qualified loan officer. 
3. Do your homework before looking at houses. What is important to you in a home? Let your Realtor know exactly what you are … (1 comments)

Tax Credit Update*****Hurry - 11/06/09 02:33 PM
Extension of 1st time Buyers Tax credits.
 
The Senate and the House have both passed legislation containing an extension and expansion of the homebuyer tax credit, sending this bill to President Obama for him signature. OBAMA SIGNED THE BILL
 
The $8000 tax credit (10% or the purchase price with a maximum of $8000) was due to expire November 30 will be extended through April 30 and buyers will have until June 30, 2010 to close. Making the mad rush to close deal prior to the November 30 deadline go away.
 
The legislation passed the bill that first time … (0 comments)

 
Valerie-remax-061202-5x7

Valerie Archer Belardo ..... Broker Owner

Mansfield Township, NJ

More about me…

REMAX at Home

Address: 2835 Route 206, Columbus, NJ, 08022

Office Phone: (609) 456-9300

Cell Phone: (609) 377-6640

Email Me



Links

Archives

RSS 2.0 Feed for this blog