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Steve Dove
"Your Relocation Expert!"
- 2 Answers
- 4 Listings
Locations:
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Experience:
Broker Associate for RE/MAX Professionals
January 1997—present
Started my Real Estate career in January, 1997. 12+ years later and I am still successfully…
Started my Real Estate career in January, 1997. 12+ years later and I am still successfully…
Alderman of Ward 9 for Springfield, IL
April 2007—present
I reside on the City of Springfield's City Council. I was elected in 2007 to a four year…
... show more
I reside on the City of Springfield's City Council. I was elected in 2007 to a four year…
Specialties:
Relocation
Buyer Agency ... show more
Buyer Agency ... show more
Certifications
& Awards:
& Awards:
Voted "Best REALTOR in Springfield" - Springfield Magazine Readers Choice Award
Presented the "Forty under 40" award for professionalism and success in ... show more
Presented the "Forty under 40" award for professionalism and success in ... show more
Interests:
Photography, Hockey and Outdoor Activities.
About:
Serving the Springfield, IL Area Real Estate needs since 1997. I specialize in Relocation Servicing, Sales, and Consulting. I have helped families from
... show more
Testimonials:
""Steve was the best." From start to finish he made our relocation from Iowa to Springfield, IL easy. He was right on the money with the listings he sent
... show more
Steve Dove answered:
Noelle,
Congratulations on your graduation and your engagement!
The answers you have already received are all good and will serve you and your fiancé well. There are several first time homebuyer programs available and as Tina had mentioned and the $8000 1st time Homebuyer credit is a great option as well.
As with any government assistance the $8000 credit does have several limitations as well as a re-capture should you not stay in the home for at least 3 years (the entire $800 is re-captured at closing). In addition, to clarify a few points about the credit, the actual amount is 10% of the purchase price up to a maximum $8000 (whichever is less). For example, if you bought a home for $70,000 the maximum credit you would receive is $7000.
The form you need to fill out for the $8000 Tax credit is available through the following link. http://www.irs.gov/pub/irs-pdf/f5405.pdf
You should talk with a lender soon and pre-qualify so you know where you stand and what price ranges you are comfortable looking in. The lender will always tell you the maximum you can afford in monthly payments but it is always good to look for homes with slightly less commitment as this will eliminate the scenario of being "House Poor" (where the payments are high enough that you end up spending all of your income on major necessity items and a mortgage without leaving much for spur of the moment or fun things).
After that, as Fritz said, you should definitely work with a Buyer's Agent who will assist you through the process and explain everything as you proceed toward your decision on your first home and then through to closing. A Buyer's Agent makes sure your best interests are being put forward without the liability to the Seller and their interests. Here is a great article that explains it much easier than I could type it all out here. http://www.ired.com/buymyself/agency/970127.htm
I don't want to overwhelm you with information so I will leave it at that. Should you or your fiancé have additional questions please feel free to contact me anytime. Happy House Hunting! :)
Steven Dove
Broker
Re/Max Professionals http://www.SellingSpringfield.com
(217) 899-DOVE (3683)
Congratulations on your graduation and your engagement!
The answers you have already received are all good and will serve you and your fiancé well. There are several first time homebuyer programs available and as Tina had mentioned and the $8000 1st time Homebuyer credit is a great option as well.
As with any government assistance the $8000 credit does have several limitations as well as a re-capture should you not stay in the home for at least 3 years (the entire $800 is re-captured at closing). In addition, to clarify a few points about the credit, the actual amount is 10% of the purchase price up to a maximum $8000 (whichever is less). For example, if you bought a home for $70,000 the maximum credit you would receive is $7000.
The form you need to fill out for the $8000 Tax credit is available through the following link. http://www.irs.gov/pub/irs-pdf/f5405.pdf
You should talk with a lender soon and pre-qualify so you know where you stand and what price ranges you are comfortable looking in. The lender will always tell you the maximum you can afford in monthly payments but it is always good to look for homes with slightly less commitment as this will eliminate the scenario of being "House Poor" (where the payments are high enough that you end up spending all of your income on major necessity items and a mortgage without leaving much for spur of the moment or fun things).
After that, as Fritz said, you should definitely work with a Buyer's Agent who will assist you through the process and explain everything as you proceed toward your decision on your first home and then through to closing. A Buyer's Agent makes sure your best interests are being put forward without the liability to the Seller and their interests. Here is a great article that explains it much easier than I could type it all out here. http://www.ired.com/buymyself/agency/970127.htm
I don't want to overwhelm you with information so I will leave it at that. Should you or your fiancé have additional questions please feel free to contact me anytime. Happy House Hunting! :)
Steven Dove
Broker
Re/Max Professionals http://www.SellingSpringfield.com
(217) 899-DOVE (3683)
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