So on 4/30/2010 this Birdie flys away and takes with it the $8k/$6.5k tax or cash benefit.
You won’t miss it, will you? Buyers still have time to find the home they want and nail
down this huge govt. hand out!
We can find the home you want in less than 30 days, so hang with us and we’ll get you there in time. The housing inventory is exceptional, you name it and it’s out there for you. Best part is; the deals are unreal and you’ll probably never see it better in your lifetime! Add to this, the rates that continue, at least for now, at record lows…and…the FHA203k program to help you with the cash you don’t have…to make repairs and improvments. That means you can get a short-sale or foreclosure property that needs some fixin and appliances - to look like new before you move in! Seriously, if you can buy, BUY NOW! http://money.cnn.com/pf/loan_center/index.html
FHA is still at 3.5% down, and up to 6% for closing cost request from sellers. Rates are still just over the 5% mark but all indications are, we’ll see a serious rate increase starting soon. Don’t let it happen to you…Buy Now!
Home ownership declined some in 2009. With some of the older short-sales and REO’s getting sold, we’re hoping for an uptick in the traditional home sales. While some markets report slight price increases, this may still be a ’skewed’ result due to the lower priced, distressed stuff going away.
Many pundits see the market prices dropping even further due to the expected glut of homes that were held back from short-sales, as the owners tried to qualify for mtge payment reductions and/or, principal reductions. So few have been able to qualify and of those that have, over 35% are back in the soup within months, failing to carry out the plan. These homes will show up next. How many, is anyone’s guess.
Another move by the FED, that will no doubt have a serious affect on the market, is their decision to stop buying mortgage-backed securities. This could result in rate increases and diminish the ability of buyers to qualify for loans, or, limit their ability to buy the house they want?
We have been helping buyers get outstanding deals and rates throughout this housing mess. We can help you too. Give us a call to discuss the possibilities.
If you’re ‘upside down’ in your equity position and wonder whether you should jump on the ‘HAMP’ band wagon, or sell or short sell, give us a call and we’ll fill you in. There’s a lot to learn and it won’t cost you a dime to get this info.
If you’re interested in selling but question whether this is the time to try, call us…we’ll give you all the market info you need to make a decision that serves your best interest. No charge here either!
We work with a lot of investors to help them meet their goals, both on the buy and the sell side. If you’re an investor who could use some help, give us a call…can’t hurt to talk?
We love to hear from ourt readers. If you’d like to comment on this or any other post, just click on the headline and a comment box will open for you.
This mess will end. Mean time, let’s work together to get you where you want to be!
Our best to all of you!
Ed (651-770-5000)
Tags: $6, $8, 000, 500, Add new tag, FHA, foreclosure, HAMP, hennepin, housing, investors, mn realtors, mortgage, ramsey, realtors in minneapolis, realtors in st. paul, selling my home, short sale, T/C, twin cities, upside down, washington
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The more you know, the more you’ll prosper.
Ed
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Ed
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Ed
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Thanks for your note. Come back again and…we always welcome your opinion on the topic.
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Ed
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And thank you for your comment. Any opinions on the blog post topics?
Ed
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Ed
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Ed KLein
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