The snow has finally melted and Spring real estate market is in full swing. There are probably two people you already know that could use our help and guidance.
First, the 2009 Economic Stimulus legislation included a tax credit of up to $8000 for first-time home buyers (or if you haven't owned a home for the last three years.) If saving for a down payment is an obstacle, buyers can claim the credit on their 2008 tax returns and use the funds this year before they purchase. Median sale prices have rolled back to values from 4-5 years ago coupled with mortgage rates near 5%, housing affordability hasnt been this good since the 1960s! There should be no reason to keep renting when you could own a home. Find out more details at www.FederalHousingTaxCredit.com.
Like many Americans, the second person you might know might be facing a personal
or financial hardship due to the economic downturn. Unfortunately, we have encountered individuals and families from all walks of life that are in jeopardy of losing their home to foreclosure. The tragedy is most people losing their home to foreclosure are unaware of the options available. Now more than ever, banks are open to loan modification programs or a short sale before foreclosure. Sharing this letter with someone you know could save them from a lifetime of trying to repair their broken credit. Find out more details at www.FinancialStability.gov.
Whether a buyers market, a sellers market, or a shifting market, buyers are getting qualified for mortgages and sellers are selling. Now more than ever, buyers and sellers need experienced professionals to help navigate the turbulent real estate market. As always, your referrals and recommendations to family, friends and co-workers are the heart of our real estate business.
Best wishes for a great Spring!