Posts tagged as:

buyers

Look for a surge in sales or resale before April 30th

March 15, 2010

In case you’ve fasting TV or maybe in a winter hibernation, there’s a little thing called a tax credit right now that is fueling a lot of sales.  In fact, it might be too effective because it’s pulling buyers from the future to buy now.
Just a recap for those that are still lost:

$8,000 tax credit [...]

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If I buy a home with an FHA loan, is the 3.5% down part of the closing costs?

December 29, 2009

I saw this question on a community website and answered it and thought it might be good to share with others.  Here’s what I wrote:
It’s easier to look at an example I think. 
Say you are buying a home for $100,000. 
It will cost you about $3,500 in closing costs to get a loan for this home. [...]

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Buying A Home Series: Step One – Pray

December 22, 2009

You might not agree with me, but I think the first step in the home buying process is prayer.  You definitely should be saving and budgeting, etc, which are next steps actually but prayer should be at the start of your day and I believe at the start of your purchase.
Before I jump in, if [...]

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From Businessweek: If You Don’t Buy A Home, You’re Broke or Stupid

http://www.gahomesdigest.com/images/rate-chart-bsnweek.jpg December 14, 2009

Believe it or not, this is the title of the article.  I’ve never said this and don’t agree with what I believe to be a salacious title, but I do agree with the jist of the article.  Rates are low, prices are at an all time low.  There are several great reasons NOT to buy, but hundreds [...]

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Most People Who Bought In 2009 Expect 10%

Real Estate Buyer Trends November 18, 2009

According to a recent NAR survey, 73% of all buyers expect a 10% or more appreciation in the next 5 years.
The survey asked 1004 buyers about their thoughts on their purchase.
Here’s the highlights:

1 out of 8 buyers are planning on buying for investment.
25% of buyers are buying or plan to buy foreclosure (THIS MEANS THAT [...]

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GA Real Estate Market Update November 2009

November 17, 2009
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Home Buyer Tax Credit 2010 FAQ

November 10, 2009

Question: Must the new house cost more than the old house?
Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6500 credit.

Question: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase [...]

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Buyer’s Delight – Tax Credit Additions | Extensions

Home Buyer Tax Credit November 9, 2009

If you were buying a home and rushing to close by Nov. 30th, you can now breathe a sigh of relief.  Let’s go over what’s happened and the rationale.

First Time Home buyer tax credit of $8,000 extended to April 30th, 2010 – NEW WRINKLES

If you are under contract by the 30th, you can still get [...]

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Georgia Home Buying Guide Intro Video

November 5, 2009

Be sure to check back for the next update in this series and process!
<<Table of Contents>>                                                  <<Step One>>

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TAX CREDIT – LAST MINUTE CRAM GUIDE

Thumbnail image for TAX CREDIT – LAST MINUTE CRAM GUIDE October 21, 2009

Got a lot of folks asking me a bunch of questions about the $8000 First Time Home buyer tax credit, so I thought I might try to answer it here.
Only 2 Weeks?  I though it was until Dec 1st.
Right! Unless you have cash, it’ll likely take your lender about 30 days to work through [...]

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