With signing of the American Recovery and Reinvestment Act of 2009 into law by President Obama, FHA loan limits have been reinstated to the loan limits of 2008. What this means is that Maricopa and Pinal will have their loan limits raised from the current level of $271,050 back to $346,250. This will help more homeowners be able to qualify for an FHA loan in 2009 for both the purchase and Continue Reading
Archives for February 2009
Tax Credit Information for First Time Home Buyers and FHA Loan Limits
Homebuyer Tax Credit — The bill provides for a $8,000 tax credit that would be available to first-time home buyers for the purchase of a principal residence on or after January 1, 2009 and before December 1, 2009. The credit does not require repayment. Most of the mechanics of the credit will be the same as under the 2008 rules: the credit will be claimed on a tax return to reduce the purchaser's Continue Reading
One more reason to buy a home now….
$8,000 Home Buyer Tax Credit at a Glance The tax credit is for first-time home buyers only. The tax credit does not have to be repaid. The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000. The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. Single taxpayers with incomes up to $75,000 and married Continue Reading
4 Ways to Entice Buyers to Purchase Your Home
With the amount of homes in the market, you have to go over and beyond to get an offer. Here are 4 helpful tips that buyers are looking for.1.• Aim to create a princely front entrance. Clean cobwebs, scrub the front door clean. While the Realtor is fumbling around with the lock box, buyers are looking up and down in the front entrance. Smart home builders spend money on a polished front entrance Continue Reading
Brand new listing in a Chandler Active Adult Golf Community….on the golf course!
Disadvantages of Paying Cash for your Second Home
When considering paying cash for your second home, you need to think about more than just whether you have the money to cover all the related costs. You also need to keep in mind long-term tax strategies and the economy of the area where your second home will be located. Second-home buyers sometimes view these factors as disadvantages to a cash deal: * When you file your federal income taxes, Continue Reading
Phoenix Area Home Value Chart
Wow! If charts could say a million words. If you know anyone having a difficult time paying their mortgage each month, we may be able to help them. There are options! Please give is a call. We are always here to help. Continue Reading
