For Buyers
Buying a home is an exciting time in one's life. Making the smart move of choosing a REALTOR® is your first step to ensuring that your new home and community meets your needs. My services and experience range from financial aid to helping you find the home that best suits you and your family. For your convenience, I also provide listings by email. I pride myself on repeat business and hope you'll come to understand why.
This is a great time for Buyers!
1.) "Sensationalism and the Housing Bubble" - Prices have bottomed out (Excessive Inventory along with low interest rates are equaling excellent values).
2.) As Markets Nationwide are witnessing the end of price depreciation, the inevitable turnaround is areadly occuring. (Northeast and Philadelphia suburbs, the effect is over).
3.) Real Estate values, particularly single family housing in the United States, for decades have consistently increased in value. Still to this day it is your best investment and tax advantage.
4.) Honestly speaking, there is no need to exaggerate, the truth is that in most markets the bottom has arrived. Its up to you to take advantage!
Homebuyer Tax Credit of $8,000
As part of the the government's plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
-
Extends the First-Time Homebuyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
-
Expands the credit to grant up to $6500 credit to current home owners purchasing a new or existing home up until April 30, 2010.
First-Time Homebuyers (FTHBs): First-time homebuyers (that is, people who have not owned a home within the last three years) may be eligible for the credit. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available of $8,000. Single taxpayers and amd married couples filling joint return may qualify for the full tax credit amount.
Single tax filers who earn up to $125,000 are eligible for the total credit amount. Those who earn more than this cap can receive a partial credit. However, those who earn $145,000 and above are ineligible.
Joint tax filers who earn up to $225,000 are eligible to receive the total credit amount. Those who earn more than this cap can receive a partial credit. Those who earn $245,000 and above are ineligible.
Must have an executed agreement to purchase by April 30, 2010, with the settlement occuring no later than June 30, 2010.
How I Can Help
Before you start looking
Closing Costs
- Assure that you see all the properties in the area that meet your criteria.
- Guide you through the entire home buying process, from finding homes to look at, to getting the best financing.
- Make sure you don't pay too much for your new home and help you avoid costly mistakes.
- Answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and more.
Before You Start Looking For Your New Home:
- Check your credit rating. Straighten out any errors before its too late.
- Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
- Find a loan program that meets your needs and get pre-qualified (preferably pre-approved).
- Choose a REALTOR® that you trust and who understands your needs.
- Determine what neighborhood best matches your needs.
- Identify important features you need your new home to have.
- Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
- Third-party fees include charges for insurance, title search, and other inspections such as termites.
- Government fees include deed recording and state & local mortgage taxes.
- Escrow and interest fees include homeowner's insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.
