First Time Home Buyers have new opportunity here in Redding and Shasta County. With the declining market and dropping prices in home market values, first time home buyers can begin the process of looking to own their first home. With many opportunities within a Buyer's market, first time home buyers have many options that can help them qualify and buy their first home.

More Affodable Prices--Redding and Shasta County now offer the first time home buyer much more affordable prices in this current market.

Down Payment Assistance Programs (DAP) can help qualifying first time home owners within certain income brackets with assistance in down payment programs. Bill HR3221 will do away with the DAP programs, however a new bill is being introduced to try and save these national, state and local programs.

Seller Concessions can help the the first time home buyer with closing costs. It is not unusual in thi market for buyers to ask the seller for concessions (up to 6%) in non-recurring and recurring closing costs.

New First Time Home Buyer Incentive from the new Bill HR3221 will offer a tax rebate of $7,500 to first time home buyers.

When you own your own home there are additional tax benefits that allow you in most cases to pay less taxes with a tax write off (your mortgage interest). You should consult with your tax consultant to verify how this will work for you.

If you've been saving and educating yourself about owning your own home, this may be a good time to begin the process. You will need to work with a Realtor to assess your goals and qualifications and to see if the time is right for starting the process. It is a partnership and requires learning and knowledge of the current market conditions and the matching of your goals to our ability to get you into your first home.

I am Jeanean Gendron and you can reach me at 530 276-7417. I answer my phone. I love working with first time home buyers. Visit our website to learn about Redding and Shasta County Real Estate.