buyer information: Consumers Agree – It’s A Good Time to Buy Real Estate
- 03/28/11 10:04 AM
RISMEDIA, March 25, 2011— According to the latest Spending and Saving Tracker from American Express, more than two in five (41 percent) of Americans said that it’s a buyer’s market for real estate. However, over 61 percent agree that a seller’s market is at least a year away. Other findings: • Homeowner confidence on whether they would receive the asking price for their home is nearly evenly split—43 percent said they are confident they would; 47 percent are not very or not at all confident. • However, many homeowners—39 percent—are not willing to settle for less than the asking price, … (0 comments)
buyer information: What You Should Know Before Buying a Home
- 10/26/10 08:24 AM
What You Should Know Before Buying a Home RISMEDIA, There are so many things to understand as you embark on purchasing a home, especially if it's your first purchase. Learn the basics as you get started and understand everything you need to know as it relates to financing. Here are 10 tips about financing: 1. Before you start looking for a home, get pre-qualified for a loan. Banks, credit unions and mortgage bankers make home loans; mortgage brokers process them. The lenders will take an application, process the loan documents, and see the loan through to the funding stage. 2. If … (1 comments)
buyer information: Buyers Who Wait May Lose a Lot
- 03/05/10 10:09 AM
Buyers Who Wait May Lose a Lot Potential home buyers who delay have a lot to lose. First-time home buyer and move-up tax credits worth $8,000 and $6,500, respectively, expire April 30. Buyers who qualify get a dollar-for-dollar reduction in taxes or a cash payment if they don’t pay enough taxes to cover the credit. Other factors that should spur buyers: Low mortgage rates. If the Federal Reserve stops buying mortgage-backed securities at the end of March, 30-year rates will almost certainly rise to more than 6 percent. Rising prices. About 30 percent of markets are already experiencing price increases. Prices … (1 comments)
buyer information: Want to Take Advantage of the Tax Credits?? MUST ACT NOW!!!!
- 01/05/10 06:09 AM
If You Want to Take Advantage of the Tax Credits…… You Need to take action now (rates WILL be going up!) Tax Credit Expires April 30, 2010, must be under contract by then, with a closing by June 30, 2010 Average closing take around 45 days, which occurs after we find the home and make the offer. The time will go by quickly!! Contact Molly for a free tax credit qualification consultation (just a couple simple questions) Receive a Homebuyer’s Guidebook from Molly, outlining the home buying process Start shopping for a lender and loans Obtain a pre-approval FUN PART…..we start … (1 comments)
buyer information: Tax Credit info for Co-borrowers
- 12/11/09 09:43 AM
IRS Sets New Rules for Tax Credit The IRS has spelled out guidelines for eligibility for the home buyer credit when co-borrowers purchase a property. When a home-owning parent of an adult child co-signs for a mortgage and both names appear on the note, the IRS says that under some circumstances, the first-time home buyer can qualify for the whole amount. The IRS says the parent doesn’t qualify for any portion of the credit, but if the child hasn’t owned a home during the three years preceding the current purchase and can qualify based on income, he or she can be … (2 comments)
buyer information: New Options from Fannie Mae!
- 12/01/09 08:02 AM
Fannie Mae: New Affordable Housing Options Fannie Mae announced Tuesday that it has launched several initiatives designed to stabilize neighborhoods and promote purchases by owner occupants and low-income buyers. Fannie Mae’s “First Look” initiative offers buyers who intend to live in the home, particularly low-income buyers, an opportunity to make an offer during the first 15 days the property is on the market. Investors can only make an offer after the first 15 days have passed. Other programs aimed at stabilizing neighborhoods include: Deposit Waivers. Fannie Mae will waive the earnest money/deposit requirement for public entities using public funds to purchase … (2 comments)
buyer information: Mortgage Rates Hit Record-Breaking Low!!
- 04/04/09 09:38 AM
This article courtesy of RISMEDIA Mortgage Rates Hit All-Time Record-Breaking Low RISMEDIA, April 4, 2009-Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.78% with an average 0.7 point for the week ending April 2, 2009, down from last week's average of 4.85%. Last year at this time, the 30-year FRM averaged 5.88%. The 30-year FRM has not been lower in the life of Freddie Mac's weekly survey, which dates back to 1971 for the 30-year FRM. The 15-year FRM was also down this week, averaging 4.52% with an average … (0 comments)
buyer information: Choose When to Claim your $8000 Tax Credit
- 04/04/09 09:36 AM
This article courtesy RISMEDIA First-Time Home Buyer? Choose When to Claim Your Tax Credit RISMEDIA, April 4, 2009-With the deadline for filing federal tax returns fast approaching, the National Association of Home Builders (NAHB) has made information available for qualified home buyers about how and when to claim the $8,000 first-time home buyer tax credit. The basic eligibility requirements for the credit are: the home must have been purchased on or after Jan. 1 and before Dec. 1, 2009; the buyer may not have owned a home in the three years prior to the purchase; and the buyer must have a … (0 comments)
buyer information: 5 Reasons to Buy your Vacation Home Now
- 04/04/09 09:34 AM
This article courtesy of RISMEDIA 5 Reasons to Buy Your Vacation Home Now By Christine Karpinski RISMEDIA, April 4, 2009-You'd love to buy a vacation home, but (let's be honest) the recession and the not-so-dim memory of the housing bubble have you a bit skittish. If only you could see what the future holds. But since a reliable crystal ball has yet to be invented, you must resort to less mystical indicators. According to Christine Karpinski, the National Association of Realtors® (NAR) 2009 Investment and Vacation Home Buyers Survey suggests that the iron is sizzling hot-and if you're going to strike, … (0 comments)
buyer information: Is FHA the Key to the Housing Rebound?
- 04/04/09 09:30 AM
This article courtesy of RISMEDIA Is FHA the Key to the Housing Rebound? RISMEDIA, April 4, 2009-The Federal Housing Administration (FHA) is a primary source of mortgage financing for millions of America's families and plays a key role in helping bring stability to the housing market. This is the message that the National Association of Realtors® (NAR) recently delivered to the Senate Appropriations Subcommittee. "Without FHA financing, families would be unable to purchase homes and communities would suffer from continued foreclosures and blight," said Lennox Scott, a member of NAR's Real Estate Advisory Board and CEO of John L. Scott Real … (0 comments)
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