The Rivers Team - Your Tallahassee Real Estate Blog

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Real Estate Agent - Keller Williams Town & Country Realty
The Rivers Team blog is designed to inform you about Tallahassee Real Estate and Tallahassee and the surrounding communities. We service Tallahassee, Crawfordville, Havana, and Leon, Franklin, Gadsden, & Jefferson Counties. This blog is maintained by our agents during their on call shift. We invite you to post your comments and replies to our Tallahassee real estate and community messages. Thank you for stopping by!
RECENT BLOG POSTS
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Right now FHA deals still require only a 3% investment from the borrower.  Only 2.25% of that needs to be down payment (1.25% if the price is under $50,000).  As of 1/1/2009 that number will become 3.5% and it will all have to be in the form of down payment. This may seem like a subtle change but...
11/11/2008
Hey Guys..... Just thought I would drop by and share some interesting facts about the $7500 Tax Credit that was created by the Federal Government as part of the Housing and Economic Recovery Act (H.R. 3221) this past year. The Tax credit is available to home buyers that qualify on their home purc...
11/06/2008
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There were changes to policies regarding FHA loans that became effective at the beginning of October of this year.  There will be more tweaking as of 1/1/09.  There may be even more to come.  I thought it might be helpful to review some of these changes for you.   •1)       DPAs (Down Payment Ass...
10/28/2008
100% FINANCING There are 2 true 100% financing options still active in the current marketplace.   •1)       VA - these require a VA certificate of eligibility which is earned through military service.  Oh by the way........no mortgage insurance! •2)       USDA Rural Development - these can be use...
10/19/2008
Hey Guys! So I have to say that I have had many buyers lately with small children that want to know all about the parks that Tallahassee has to offer. I have to say....YES..I am from Tallahassee, but I never knew that we had so many parks available and I am glad that I was able to find a source o...
10/06/2008
Until August 23rd 2010, due to being declared federal disaster areas - Leon and Wakulla Counties are eligible for Florida Housing Bond Money - The buyers do not have to be first time homebuyers. Leon County Income Limits for $10,000 Down Payment         1       2       3       4       5       6  ...
09/18/2008
So I found another great article from the Florida Housing Alliance articles on the Tallahassee and North Florida region Market. I am happy to say that that in reading this article I felt that the information was definitely worth sharing. This article is full of great information on how we not onl...
09/09/2008
Bridge Loans! Have you witnessed this scenario? A client has his or her house on the market with an offer on another home - a contingent sale. And the client needs the proceeds from current house to make a down payment on the new one.  Of course, this is a relatively common event, especially if s...
09/08/2008
Bridge Loans! Have you witnessed this scenario? A client has his or her house on the market with an offer on another home - a contingent sale. And the client needs the proceeds from current house to make a down payment on the new one.  Of course, this is a relatively common event, especially if s...
09/08/2008
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Short Sales   What is a short sale? "A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan," according to the California Association of REALTORS®. "A short sale may or may not involve a property in foreclosure....
09/03/2008
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Gene and Rebekah Rivers

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