Posts tagged as:

first time home buyer

Buying A Home Series: Step 2 – Setting Up Your Budget

Home Buyer Budget January 30, 2010

Believe it or not, most home buyers never even consider their budget.   Most home buyers do what we did with the advice my Mother gave me.  Take your income and multiply by 3 and that’s the home you could buy.  So if you make $50K you could reasonable afford a $150,000 home.  There’s different variations [...]

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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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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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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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Obamas Free Money For Home Buyers

Thumbnail image for Obamas Free Money For Home Buyers July 8, 2009

Are you ready to receive the up to $50,000 dollars that are available to you to buy a home?!  This is free money!
I sent an e-mail out  earlier and got an overwhelming response, so much so that we weren’t  able to contain all the people hitting the server.  Now we’ve
rebuilt it and it’s ready for [...]

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$99 A Month for 12 Months – Not a Gimmick Thanks to $8,000 Tax Credit

8000 tax credit June 30, 2009

You might have read the headline and thought, oh no!  This is another one of those funky loans that change over time.  Nope.  It’s not a special loan, it’s another way to think about the $8,000 tax credit.  If you take a $125,000 home’s payment of roughly $750.00 a month at 6% interest rate (fixed [...]

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How Do You Know if Your Realtor Is Any Good?

Thumbnail image for How Do You Know if Your Realtor Is Any Good? June 15, 2009

From a linkedin question:
What kinds of questions might a first time home buyer ask prospective Realtors in order to gauge level of expertise and figure out who would best represent his / her interests? Assuming that no references are available, what criteria would you use?
Another response stated:
…The most important factor in finding a realtor [...]

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Should I Buy A Home From This Builder?

November 7, 2008

When a buyer is looking for a new construction home, the question always comes up, "Is This A Good Builder?"  It’s a loaded question to say the least.  Although, the Real Estate Commission will be upset about this, most agents DO have opinions about the builders.  The bottomline however, is that an agent’s answers [...]

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