As you may have heard, the $8000 Federal Tax Credit for 1st-Time Home Buyers has been extended. In addition, several new key elements have been included into this legislation. The $8000 First Time Home Buyer Tax Credit was due to expire on November 30th. In my humble opinion, this has been one of the few…
According to an article on Forbes.com, the popular $8000 Tax Credit afforded to First Time Home Buyers is very close to being extended through April of 2010. Here is an excerpt of that article: “An $8,000 federal tax credit for first-time homebuyers that is set to expire at the end of the month inched another…
It’s like a bad dream, a horrible nightmare, or worse, another mindless installment of ‘Saw’ or ‘Friday the 13th!’ Another one of my transactions has fallen prey to the ‘Curse of the VA Appraisal!’…. What began as a seemingly normal and relatively smooth contract between my Sellers (a beautiful ranch-style home on acreage in Lofall/Poulsbo…
Here’s a really excellent video from WAHomeOwners.com that provides a brief overview of the $8000 Federal Tax Credit Program for 1st Time Home Buyers
“And you will know the truth, and the truth shall set you free.” John 8:32 Okay, so the topic of VA appraisals here in Kitsap County WA isn’t on quite the same level playing field as Biblical Truth, but the principle is still the same. One of my marketing catch phrases is ‘providing knowledgeable empowerment’…
This morning during the NAR (National Association of Realtors®) Mid-Year Legislative Meeting in Washington, D.C., HUD Secretary Shaun Donovan said that the Federal Housing Administration is going to begin permitting its lenders to allow 1st Time Home Buyers to use the $8,000 tax credit (originally provided in the American Recovery and Reinvestment Act) as a…
This is the 3rd and final installment in a series entitled “The Art of Offering Less” and deals with the unique nuances associated with tendering an offer that is lower than the asking price. In the 1st article we discussed the market dynamics that tend to encourage or breed low offers. In the 2nd article,…
In our last episode, Bill and Betty Buyer were sitting down with their trusty Agent, Realtor Ron, to draft an offer on their dream home. They had spent the past 3 weekends touring dozens of potential properties, when they finally found just the perfect place!. When it came time to discuss the offer price, Bill…