The Bad News…DAPS Going Away The Housing and Economic Recovery Act of 2008 eliminates seller-funded down payment assistance programs (DAPs) as an acceptable source of funds for FHA loans for all lenders. Officially, the Act eliminates seller-funded DAPs on FHA loans with final credit approval issued to the borrower on or after Oct. 1 2008 But There is Good News… FHA Alternatives FHA Cash to Close Savings Plan FHA Sweat Equity FHA Bridal Registry Account 1st Time Home Buyer Tax Credit City Free Grants / Municipal Programs State … (9 comments)
ann allen: Why should the seller pay for an inspection?
- 10/25/08 06:27 AM
Sellers in today's market have a lot of competition. I thought I would share Bobby Stevens' post......he has some great points to consider to give sellers the advantage they need!
I encourage every one of my sellers to get a whole house and pest and dryrot inspection up front, before I list their home in the MLS and launch the marketing campaign. Sometimes the reaction I get is "That's the buyers responsibility - why should I pay for an inspection?" This is what I tell them: For many buyers and sellers, the most stressful event in a real estate transaction … (8 comments)
ann allen: Hello Birmingham Area FSBOs.......May I Bring You A Buyer?
- 09/24/08 07:27 AM
Hi! My name is Ann Allen....I am a consultant with Keller Williams Realty in Hoover. I respect your decision to sell your home without the assistance of a Realtor. The most common reason for homeowners to make this choice is to save thousands of dollars in commission costs. Hey, I understand! I am very conscious of saving money whenever I can too. I applaud you for being economy-minded and willing to take on the work to sell your own home! How is it going? Are you showing your home? Have you had any offers? How do you prequalify your buyers? Have you considered whether … (2 comments)
I write about people, places, things to do and anything else that inspires me, including articles related to finance and the Birmingham area real estate market.
DISCLAIMER: Ann Allen disclaims liability for any damages or losses, direct or indirect that may result from use of or reliance on, information contained in her blogs or for accuracy of comments or opinions of visitors to her blogs.
This information is just too good not to pass along......
;)
;)
;)
