first time home buyer: Working Towards Owning Your First Home
- 07/22/10 12:04 AM
In the craziness that was the market a few short years ago you did not have to really work towards the goal of owning a house. Heck if you were breathing and could sign your name you could practically buy a house without a penny down and the banks would cover the closing costs in you mortgage. Today not so much, right? BUT I have been seeing a resurrection of home buyers who are working and saving for their dreams. My latest offer came from a couple who I started talking to over a year ago. They looked at a house … (22 comments)
first time home buyer: It Can Happen To You - Part II In A Series To Turn You Into A First Time Homebuyer
- 08/24/09 06:41 AM
I speak with many people who feel they will never be able to buy a home of their own and you know what? Unfortunately many of them won't. Oh it's not that they couldn't. It is that they defeat themselves before they start. This is the second installment in a series will help you to prepare to become a home owner. The next thing you will need to work on is your credit score. You may have bad credit. A low credit score will make obtaining a mortgage difficult (if not impossible). You may have no credit. Some might think … (6 comments)
first time home buyer: It Can Happen To You - A Series To Turn You Into A First Time Home Buyer
- 08/24/09 12:26 AM
I speak with many people who feel they will never be able to buy a home of their own and you know what? Unfortunately many of them won't. Oh it's not that they couldn't. It is that they defeat themselves before they start. This series will help you to prepare to become a home owner. Well first you will need to save some money. The first self defeating notion I have heard when people think about saving for down payments and closing costs are that they can not possibly save enough so why bother? I think many people believe incorrectly … (7 comments)
The $8000 Tax Credit Can Now Be Used As A Down Payment On FHA Loans! Move Quick To Get The Details. Click here to read all about it directly from the horse's mouth (or the IRS Web Site) Yes the $8000 Tax Credit that is currently in effect for homes that close by December 1, 2009 can be utilized through certain … (8 comments)
first time home buyer: What A Great Time To Be Looking For Your First House!
- 02/20/09 12:12 AM
It's Official - First Time Home Buyers Now Is Your Moment! With the stroke of a pen President Obama has opened the door to many of you for your first home. Yes, the American Recovery and Reinvestment Act of 2009 included an $8,000 incentive package for most first time home buyers. Your Bright And Shining Moment Won't Last Forever, Act Now!!! This incentive allows for a full tax credit of up to $8000 (or 10% of the purchase price of homes with a purchase price of less than $80,000 (not a reality in most cases here in the Greater Hudson Valley) … (5 comments)
first time home buyer: Yes It Is A Great Time To Buy Your First Home!
- 11/20/08 02:39 AM
I am getting a lot of questions from potential first time homebuyers regarding their chances to buy a house in today's uncertain market. It is a great time to buy your first home. Prices are good and interest rates are still low. There are many programs out there today to help the first time purchaser (Note: Even if you have owned a home before you can still qualify as a first time homebuyer in many cases as long as it has been more than 3 years since you owned a house.)
For those of you in the Greater Hudson Valley … (9 comments)
If you live in New York State, Rural Opportunities Inc has some programs that may help you. Although some of you may think you could never qualify for grants and/or special loans you might be surprised by the income levels that allow you to qualify for up to a $7500.00 grant to help you buy that home. The Savers Club is a program that is offered through Rural Opportunities in cooperation … (7 comments)
If you live in New York State, Rural Opportunities Inc has some programs that may help you. Although some of you may think you could never qualify for grants and/or special loans you might be surprised by the income levels that allow you to qualify for up to a $7500.00 grant to help you buy that home. The Savers Club is a program that is offered through Rural Opportunities in cooperation … (0 comments)
If you live in New York State, Rural Opportunities Inc has some programs that may help you. Although some of you may think you could never qualify for grants and/or special loans you might be surprised by the income levels that allow you to qualify for up to a $7500.00 grant to help you buy that home. The Savers Club is a program that is offered through Rural Opportunities in cooperation … (2 comments)
first time home buyer: Don't Let Fear Stop You From Working Towards Home Ownership!
- 08/27/08 11:00 PM
Are you like many people I have spoken with who are looking for a way to own their own home? Perhaps you have very little money to put down on a house or your credit is in a bad way. One of the worst things you can do is to sit there and say there is no way out of this mess. Fear of being told you can't qualify for a loan stops you from even asking. Well if you are one of those people who is allowing fear to stop them you will never learn the many ways you might … (6 comments)
first time home buyer: Moving On Out To The Country - My Water Comes From Where??? Part 4 In A Series
- 06/16/08 10:24 PM
Many people moving to this area have come from locations that have a public water source. They are surprised by the variety of ways houses are supplied with water. I often have to explain the different types of water supply systems to prospective home buyers. When looking at listings for houses you may see the water source on a listing. In our Greater Hudson Valley MLS, www.GHVMLS.com you can see the following sources under water description- COMNTY - Community water source. These are quite common in small developments with their own wells. In newer developments these systems are owned by the … (12 comments)
first time home buyer: To The Home Buyer- What Did You Forget When You Made Your Offer?
- 05/15/08 10:40 PM
After an extensive search you have found the house you want and bid on it. You negotiate and joyfully have an accepted offer. Do you really remember the house you bid on? Hopefully you get the chance to look at it again before the walk through. When you come for the home inspection or later to measure windows for treatments take some time to look at the house and listing again. Was everything you thought to be included in the sale mentioned in your offer or contract? If not try to work things out before you get to the closing table. … (2 comments)
first time home buyer: What's wrong with a starter home????
- 05/08/08 12:18 AM
THE STARTER HOME. It is an idea that got somewhat lost in the last few years of the real estate boom when money was flowing freely from mortgage lenders and people were buying their "dream home" right off the bat. As a first time home buyer your search should begin with a real assessment of what you need today and in the near future. You can think about what you want in your ideal home but you don't need to have that right away. Most first time home buyer's move several times after their initial purchase so why should you put … (14 comments)
first time home buyer: What to do on a rainy Sunday in May - Catch the Dream Orange County NY
- 05/02/08 11:35 PM
The forecast is for showers tomorrow so why not plan to do something constructive with your time? This is a last minute reminder to anyone in the Greater Hudson Valley of NY and the general area who is thinking about buying a house either in the near or distant future to get to the free home buyer expo this Sunday May 4 at the Middletown campus of SUNY Orange (formerly known as Orange Community Collage). It is not looking like the weather will be too wonderful for outdoor events so come on down to Catch the Dream Orange County for some … (1 comments)
Do you ever want to buy a house of your own? If you do, then you owe it to yourself to consider Orange County NY as an affordable alternative to high prices where you are.
Why not come out to the free first time home buyer fair, Catch the Dream Orange County to be held at the SUNY Orange Campus in Middletown NY on Sunday May 4th between 10 AM and 4 PM.
There will be … (0 comments)
first time home buyer: First Time Home Buyer Beware Of Helpful Hints
- 04/08/08 11:52 PM
A first time home buyer gets a lot of information and advice handed to them as soon as they announce that they are ready to start looking for a house. They have parents, other relatives, friends, coworkers, and even people they don't know providing "helpful hints" and "war stories" of house buying problems. These people all mean well but they can add extra stress and create problems for the hopeful buyers.
When you start looking for a home you normally search the Internet for houses in your price range in the area you would like to move to. While it … (3 comments)
first time home buyer: Spend Some Time Getting Used To The Water Before You Jump In To Your Home Search
- 04/01/08 10:39 PM
Spend some time in the shallow water and just get used to it. That is the first move towards learning to swim. Your first move in moving towards buying a home should be looking at your financial condition. You should make a list of your total income, current savings, and debts. Many buyers find it helpful to keep a spending diary for a few months prior to begining the actual mortgage and house search. This helps them to learn how much they are spending on regular day to day expenses. It not only gives a picture of what … (4 comments)
first time home buyer: A STEP BY STEP GUIDE TO YOUR NEW HOME-GREATER HUDSON VALLEY OF NEW YORK SPECIFIC
- 03/27/08 12:33 AM
•1) Gather a "Financial Picture" of yourself: Your Monthly Income; Savings; Current Debt- Credit Card, Personal and Auto Loans; Average Monthly Expenses; and Any Gift Money Available. •2) Speak with a "Mortgage Representative" to get a target price range based on your financial picture. Ask what the average monthly payment would be including principal, interest, PMI, homeowner's insurance, and taxes. •3) Find a "Real Estate Sales Person or Broker" you feel comfortable with to act as your agent during your search. This agent will help you throughout the entire buying process. •4) Explore "Target Areas" by looking at average selling price, school district … (0 comments)
first time home buyer: Now You Need A Home Inspection - Part 3 of a Home Buyer Series
- 02/29/08 10:25 PM
Why should you pay for a home inspection especially when you know people who can look at the house for you? It is important to have someone who has training in all of the aspects of home inspections. In New York state all Home Inspectors should be licensed. If that is not the case where you live you should look for an inspector who is a member of ASHI. Where can you find an inspector you can trust? Ask your buyer's agent for a list of home inspectors that they feel comfortable with. There are inspectors who can scare you into walking away from … (2 comments)
My blog will deal with working with buyers, my life as a mother of 3 teenagers and how to fit real estate into the other aspects of my world. I will also speak on volunteer efforts to assist my community
In the craziness that was the market a few short years ago you did not have to really work towards the goal of owning a house. Heck if you were breathing and could sign your name you could practically buy a house without a penny down and the banks would cover the closing costs in you mortgage. Today not so much, right? BUT I have been seeing a resurrection of home buyers who are working and saving for their dreams. My latest offer came from a couple who I started talking to over a year ago. They looked at a house … (22 comments)
;)
;)
;)
