Articles in the Home buying tips Category
Formal guidelines from the Federal Housing Administration …
…. have been issued regarding the first time homebuyer tax credit worth up to $8000. Many had hoped FHA would allow lenders to give the 3.5% down payment to buyers in the form of a 2nd loan on …
Home buyers get frustrated in North Park / City Heights / Normal Heights
A client of our is getting pretty frustrated with trying to find a home in the area.
She had called about a home that was recently listed. We checked with the listing agent about the availability and …
New tax credit for buying a brand new home, but it won’t last …
Many first time homebuyers (those who haven’t had ownership in a principal residence for 3 yrs.) have heard about the $8000 tax credit included in the recent stimulus package. So many are taking …
Here in San Diego we have seen months and months of bad real estate news from the media.
Then all of a sudden (on April fools day - no joke) the San Diego Union Tribune writes a story entitled "Signs suggest county housing market recovering".
One of …
THE GOVERNMENT PAYS YOU TO PURCHASE A HOME!!!
The new economic stimulus plan that became law recently gives first time home buyers a tax credit up to $8000. According to the new rules, you have to buy your first home between Jan. 1st and Nov. 30th, …
The stats are out and this past November 2008 Southern Californian median home prices dropped 35 percent! MDA DataQuick announced that the median home price for both condos and homes dropped to $285,000! That’s a $150,000 reduction from the median price for November 2007. Can …
If you are a San Diego homebuyer that is interested in buying a home that real estate agents may call a “fixer”, “contractor’s delight”, or “in need of TLC” then FHA’s 203(k) loan program may be just right for you.
This little publicized program has a …
Government officials are being pushed to produce a plan to tackle the growing number of foreclosures and declining prices of homes across the nation. Using Fannie Mae and Freddie Mac, the Treasury hopes to encourage banks to begin lending at rates that are as low …
Prices in San Diego County continued to drop through October making the affordability rate for homes in San Diego the best seen since 1991! San Diego home prices are now at a median of $325,500, it was 2002 when we last saw numbers like that. …
Just a little over a month and a half left to take advantage of San Diego’s increased loan cap of $697,500 ~ which equals a total purchase price of $719,000 with 3% down on government-sponsored Fannie Mae and Freddie Mac loans! As of December 31st, …
According to The National Association of Realtors in June 2008 there were 4.85 million home sales across the nation. In July, just one month later, sales rose to 5 million, one of the highest overall sales of the year since February. The jump is also …
If you often travel on I-15 you couldn’t help but notice the extensive construction being done to the freeway. The 20 mile long project continues up and down I-15 between State Route (SR) 163 and SR 78. Once completed it will be a state-of-the-art …
Just last week the Housing and Economic Recovery Act of 2008 was signed into law. Part of this new law is a temporary tax credit for first-time home buyers. The credit will apply to home purchases settled on or after April 9th, 2008 through July …
Recently, the “Housing and Economic Recovery Act of 2008” placed a hold on seller funded gift programs starting October 1, 2008 to September 30, 2009. The basis for putting a stop to seller gifts is due to the often higher default rate found with borrowers …
Seller Funded Down Payment Assistance has been available to first time and repeat homebuyers via the Nehemiah Grant Program for some time now.
How the program basically works is that 1%-6% of the final contract sales price is “gifted” to the buyer at closing. (If …
