buyers: Upfront Cost Help for Home Buyers
- 06/15/09 05:15 AM
There are many homebuyers who qualify for the $8,000 federal tax credit. However, they just don’t have the money that’s required for a down payment or closing fees. But now, they may be able to get help through a loan to cover the fees of the upfront costs that accompany buying a home. Recently, HUD announced that the FHA will begin allowing state housing finance agencies to give second mortgages so borrowers can use those funds toward their down payment and closing costs to purchase a home with an FHA-insured mortgage loan. This will be of great benefit to thousands of … (0 comments)
buyers: Low Ball Offers and How to Handle Them
- 06/01/09 06:14 AM
Many homeowners become frustrated that their homes are still sitting on the market month after month. Many have even dropped their asking price already and they're waiting for buyers to snatch up their new low priced property. However, reality sets in when you have buyers appear that offer them 10% less than what they've already lowered the original asking price. So now what is a seller to do? Okay, this may anger or panic some, but let's not go there. And, let's not reject the offer right off either. Buyers making an offer are usually serious or they don't usually make … (0 comments)
buyers: How to Build Wealth Through Real Estate Investing
- 05/18/09 03:07 AM
Many Americans are in a tight spot these days and each day we seem to hear more bad news about a new wave of recession. But there is no need to panic. The housing crisis has actually opened up opportunities for many people, especially investors. The housing and financial collapses have created what is known as a favorable environment for real estate investing. The facts are that property values are depressed, interest rates are down and real estate is a great long-term investment. Real estate investing is not for everyone. However, if you can afford it, the opportunities are almost endless … (0 comments)
buyers: Using the Internet to Save You Time and Money When House-Hunting
- 04/20/09 04:52 AM
The Internet is one of the best places to find information in today's world. It is most useful when looking to buy a home, especially when you are looking in a different city from which you currently live. And when it comes to uncertain financial times, it's more important than ever for homebuyers to save time and money. Therefore, that's where the Internet comes in handy. There are literally hundreds of thousands of real estate websites offering helpful links for buyers and sellers. Each real estate website is different. Some only offer a list of their homes for sale with very … (0 comments)
buyers: Increasing the Value of Your Home
- 04/06/09 05:21 AM
Usually, one of the first questions we get from our sellers is, "How can I increase the value of my home?" However, we have to first explain to them the difference between price and value when selling a home. Price is what you are selling the property for and value is what the buyer perceives. This perception of value is highly influenced by several factors, including condition of the property, location, features, comparison to local purchase options and more. Therefore, by setting your attention to these details, sellers can positively increase the value of their home by attracting the right buyers … (0 comments)
buyers: Is Your Best Friend Hurting The Sale Of Your Home?
- 10/13/08 05:47 AM
For many of us in Jackson , Mississippi , our beloved best friends are inside pets. We may be okay with that. But, for many potential homebuyers, it may be a huge turn off. One of the biggest reasons potential buyers are turned off is the inconvenience of the pets when viewing the property. Many sellers have to be called first before anyone can come to view the property so they can clean up any mess and put the pets away. And, many buyers automatically think this is a less appealing home. In today's market, you don't want anything prohibiting a … (0 comments)
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In Mary & Bill Watkins' Jackson Real Estate Blog find community information, current market conditions, real estate trends, community news, events, and real estate tips and advice for buyers, sellers, and homeowners.
There are many homebuyers who qualify for the $8,000 federal tax credit. However, they just don’t have the money that’s required for a down payment or closing fees. But now, they may be able to get help through a loan to cover the fees of the upfront costs that accompany buying a home.
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