One tool homeowners have to help with the expense of buying a home is the first time homebuyer $8000 tax credit for purchases between January 1 and December 1, 2009. This credit, equal to 10 percent of the home’s purchase price up to a maximum of $8,000, is available for home buyers who have not owned a home within the last 3 … [Read more...] about $8000 First Time Homebuyer Tax Credit…Why Wait?
Real Estate Market News
If you look at the current real estate market statistics, it sure looks like things are starting to turn around here in Phoenix. Sales volume is up, equivalent to 2007 levels, and the inventory of homes on the market is down - about an 8 month supply. Things look even rosier of you take the short sales out of the picture - … [Read more...] about What Does the Bottom of the Real Estate Market Look Like, Anyway?
Short sales are the most misunderstand real estate transaction out there. A short sale, or "pre-foreclosure" sale occurs when the Seller is selling the home for less than what is owed to the bank, or banks, if there is a second mortgage on the property. The transaction can only take place if the bank (or banks) approve the … [Read more...] about Are Short Sales Worth It?…The Zombies of the Real Estate Market