First-time homebuyers can make the purchase rewarding with careful planning and financial honesty A glimmer of positive movement surfaced in the real estate market this week—pending home sales increased for the second straight month. Low interest rates make purchasing a home very attractive now. For first-time homebuyers, the process can be intimidating, but breaking down … Continued
Even if it doesn’t have everything you want now, good financial planning will help Is now the right time to buy your first or next home? With interest rates low, prices at a fair level and many choices out there, the temptation is to jump into the real estate market. The question is how to … Continued
Homebuyers can take advantage of a variety of tax credits to choose the perfect home. An array of financial assistance for home purchase is available for qualified buyers in just about every income level. Of course there’s the $8,000 tax credit for first-time buyers and $6,500 for repeat buyers, which expire on June 30, but … Continued
The move is designed to generate additional income to ensure FHA solvency. Borrowers who choose Federal Housing Authority (FHA) programs will see increased costs involved with that agency’s mortgage insurance and will have to have higher FICO scores. The move provides more financial stability for the FHA as rising defaults dipped below required reserves. Right … Continued
While all the signs point to a continued buyer’s market, some common sense, financial stability and planning will make buying a home affordable. The word on the street is that 2010 will be a prime year to purchase affordable real estate. Considering the stresses of the past few years, good news is always welcome. However, … Continued
A proposal before the Missouri Housing Development Commission would credit up to $1,250 in property taxes for qualified buyers. Buying a home in Missouri in 2010 looks to include even more incentives for people to enter the housing market. The Missouri Housing Development Commission (MHDC) is considering a proposal to provide up to $1,250 in … Continued
Amending the tax return is to the home buyers benefit. It is better to get it down now before everyone else. Also, the IRS is constantly changing the rules. If you closed on your home after Nov. 6th, you must use the new form. Buyers need to use someone who is aware of the forever … Continued
The real estate market has really started to rally and part of that success can be attributed to the new Housing Tax Credit for first-time homebuyers. Under the American Recovery and Reinvestment Act of 2009, qualifying taxpayers who purchase a home before Dec. 1 receive up to $8,000 or $4,000 for married individuals filing separately. … Continued
As demand for homes is expected to increase this Spring, Bankrate.com offers 9 tips for homebuyers. Buyers have access to the lowest mortgage rates in years and an $8000 first time home buyer tax credit that does not have to be repaid if the homeowner lives in the home for at least three years. This … Continued
May 1 – 3: Augusta Plein Air Art Event May 3: Fiber Arts & Spring Planting Festival at Daniel Boone’s Home from 9 – 5. Admission. May 4: Main Street Bridal Showcase noon to 4:30 in St. Charles May 17: St. Charles in Bloom on Main Street 10 – 5 May 17 – 18: Lewis … Continued
When is the “right time” to buy a house? Well, if you are waiting for a big neon sign to turn on and read “BUY NOW†forget it, it’s not going to happen. Market timing is a talent you have to be able to pick up on quickly. By knowing the tricks of the trade, … Continued