Category: First Time Buyers
Are you one of the hundreds of people who will be Buying a Palm Springs Home in 2012? We’re almost at the end of 2011, with 2012 quickly becoming a reality, like every year before it people have started putting their list of New Years Resolutions together. Usually found on that list somewhere is the [...]
Stick to the Plan Many potential homeowners know that they want to buy a home someday, but have no real idea how that will happen. They put off their home-buying dreams for a vague future when they earn more, have a better credit rating or feel they’re in the right financial position to buy. Unfortunately, [...]
First Time Homebuyer Tax Credit May Return Shaun Donovan, Secretary of Housing and Urban Development, said Sunday that the housing market’s July woes were “worse than expected” and that the administration may support a new homebuyer tax credit. In an interview on CNN, Donovan said the administration is “concerned” about the path of the industry. [...]
First time home buyers have a lot to consider this summer when making the decision to rent or buy a home: interest rates are at all-time lows, there’s still plenty of housing stock and prices are at or near their lowest in years. Still, deciding whether to buy a home or rent an apartment can [...]
Home Buying – Step by Step Interview and Select Your Mortgage Professional Interviewing and selecting your Mortgage Professional is the most important step when beginning your home buying process and should be your first step, even before selecting a Realtor. Your Mortgage Professional will carefully review your financial profile and assist in determining how much home [...]
US Senate: Homebuyers Tax Credit Deadline Extended The US Senate passed an amendment to extend the closing deadline for home buyers who qualified for the tax credit pleases Realtors and Homebuyers. The original deadline date of June 30 has now been extended to September 30. This is an extremely important measure as it will help [...]
The $8,000 first time home buyer tax credit will expire April 30th 2010. However if you are a service member serving overseas during this time you may still take advantage of this benefit because this law will extend your opportunity until April 30, 2011. Any “Service member” serving at least 90 days between January 2009 [...]
First-time homebuyers in Southern California are facing a deadline. Time is running out on the $8,000 tax credit. To receive the $8,000, first-time buyers will need to be under contract by April 30th of this year. If you had plans on taking advantage of this credit, you should already be seriously shopping for a home. It is tough times [...]
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Average Home Prices Slip in Coachella Valley
I’ve been reading a lot of information lately about our current market conditions from other REALTORS® who are claiming an increase is sales price and number of homes sold. I would scratch my head and ask where they were getting their numbers. Turns out their numbers are coming from national statistics. Real estate sales are [...]
Mortgage Debt Tax Relief Program Ending Soon
The Mortgage Debt Relief Act of 2007 the IRS would not come after you for your taxable amount if you had an upside-down unpaid principle as a result of loan modification, short sale or foreclosure depending on your tax bracket, let’s say you were $100,000 short on your mortgage you could be responsible for as [...]
Is your REALTOR® connected? No, I don’t mean in the MobWives fashion, if that’s what you thought, you’re watching too much reality TV. As an active Palm Springs REALTOR® I believe it’s important to take advantage of the technology available to today’s real estate professional. Everything that required an agent to go back to the [...]
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