8000 Dollar Credit For First Time Home Purchase All Locations : Nationwide Real Estate Advice

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Showing results for 8000 Dollar Credit For First Time Home Purchase [Clear search]
Glen Mitchell, Real Estate Pro in Half Moon Bay, CA
Glen Mitchell answered:
are the banks going to be putting a glut of foreclosed homes on the market in California very soon?
nobody knows when and where. sounds like your agent wants a listing now. If you have been shown comps and the prices look reasonable to what you want then sell now. If you think you ... more
0 votes Share Flag Sun Feb 28, 2010 Home Selling in Riverside
.,  in Columbus, OH
. answered:
Question on the repeat home buyer tax credit...
It sounds possible: two suggestions...

-your tax advisor
-your lender

Kim

Disclaimer: I am a licensed real estate broker and property/casualty insurance agent in the State of ... more
0 votes Share Flag Thu Nov 26, 2009 Home Buying in San Ramon
Mary Ann, Home Buyer in Elk Grove, CA
Mary Ann answered:
First-time homebuyer questions and heartbreaking comments...
(PART 2) I must share that in a way it does bother me that the seller requested that I be pre-approved through the bank of their choice, especially if they may not have been serious in ... more
0 votes Share Flag Sat Mar 20, 2010 Home Buying in 95624
Joe Salcedo,  in San Jose, CA
Joe Salcedo answered:
We are considering listing our house in the next couple of weeks but are trying to figure out if it really makes sense to do so since this is the
Hi Sue,

My recommendation to you is contact an agent who is working in that area.
Try to interview at least 3 agents in the location get an idea what CMA
that they will provide yo ... more
0 votes Share Flag Tue Jan 5, 2010 Home Selling in East Brunswick
Tammie Peters, Real Estate Pro in San Jose, CA
Tammie Peters answered:
I am thinking of buying a foreclosed home does this process take longer than buying a home on a short sal ...
I can't speak for homes in Indiana but can for foreclosed homes in California. I am sure it's the same. No, it is much easier to purchase a home already foreclosed on. The ... more
0 votes Share Flag Sat Apr 27, 2013 Home Buying in 46226
scalrealty.…, Real Estate Pro in Los Angeles, CA
scalrealty.com answered:
Do we qualify for the 8,000 tax credit?
Here is some information from the IRS on first time home buyers credit.

First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009. The c ... more
0 votes Share Flag Sat Feb 27, 2010 Home Buying in Maywood
H GASS,  in Alamo, CA
H GASS answered:
2200-2700sqft living area4-5 bed and 2.5 -4 bath5000sq ft lot gi ... New or may be 5-7 years newIs this an profile of a home ...
Hi Prad,
I found a couple of homes in your budget with your criteria. They are either short or REO properties. Most of the properties in that area that are not Short or REO are in the ... more
0 votes Share Flag Sun Oct 25, 2009 Home Buying in San Ramon
Patrick Thies, Real Estate Pro in Anytown, IL
Patrick Thies answered:
Question, I am a first time homebuyer, I am qualified to get the NYC grant and I ... for the eight thousand dollar tax credit. ...
Check with your lender about the $8000 credit. There are programs out there that let you borrow against it, but some programs only let you borrow a certain amount. You may want to loo ... more
0 votes Share Flag Thu Sep 17, 2009 Home Buying in Brooklyn
Tamika Goree, Real Estate Pro in Arlingon, TX
Tamika Goree answered:
My real estate agent sucks. I'm overwhelmed with the loan process. I assume down payment and closing cost were the same thing, but it is not.
Your RE Agent & your LO didn't go over the loan process with you. Wow! I am so sorry to hear that. Your down pymt is 3.5% for FHA & 5% for Conventional. Your closing costs ... more
0 votes Share Flag Thu Apr 2, 2015 Home Buying in 75002
Peter A Harr…, Real Estate Pro in Bronxville, NY
Peter A Harris answered:
Can I purchase a cooperative unit with a SONYMA loan?
Hi Antoinette

Yes you can! SONYMA is a good program that I like to call the "FHA for Coops." There are some extra steps in getting a SONYMA loan but a good lender can walk ... more
0 votes Share Flag Sun Sep 13, 2009 Home Buying in 10703
Dawn Richard…,  in 30092
Dawn Richardson answered:
does anyone know if you can use the 8000 dollar tax as your down payment as of yet?
Currently you still have to purchase the home and close before you can receive the tax credit. The deadline to receive the credit is November 30th. Since it does take 30-45 days to clos ... more
0 votes Share Flag Tue Sep 1, 2009 Home Buying in Atlanta
Will Bateson,  in Livermore, CA
Will Bateson answered:
Are the prices still going down in Fremont? Should I buy now or wait till next year?
Ah, the crystal ball question. I wish I had one. Unfortunately I don't.

The key question, I think, is why are you thinking about buying a home right now? If you have a good rental ... more
0 votes Share Flag Tue Sep 1, 2009 Home Buying in Fremont
Reshawna Lea…, Real Estate Pro in Alexandria, VA
Reshawna Leaven answered:
Why rent when you can buy, or, vice versa?
It depends on many variables. You may wait and the price of homes increase. Though if you buy and they decrease you will be upset that you decided to buy. Though renting won't provide y ... more
0 votes Share Flag Tue Aug 18, 2009 Home Buying in Forest Hills
Todd Lee, Real Estate Pro in Phoenix, AZ
Todd Lee answered:
My husband and I heard about a program in the city of PHoenix that provides up to $8000 in assistanc ...
There is a plan called Arizona Your Way home program that provides you up to 22% of your purchase price as a second mortgage (no interest, no payments) that will be forgiven in 5-15 yea ... more
0 votes Share Flag Sun Aug 16, 2009 Home Buying in Phoenix
Susie Genet, Real Estate Pro in Tulsa, OK
Susie Genet answered:
need too buy a home in glenpool. my husband and i have never been late on rent payment for the past 3 years. ...
Have you considered speaking with a lender regarding the rural development loans? Much of Glenpool falls under these loans which allow for 100% financing to purchase a home. These loa ... more
0 votes Share Flag Thu Aug 13, 2009 Home Buying in Glenpool
C2 Financial…, Real Estate Pro in San Diego, CA
C2 Financial Loans answered:
how long does the stimulus package last?
If you're referring to the 8K tax credit. A home must be purchased before 12-1-09.
0 votes Share Flag Sun Aug 9, 2009 Financing in Livingston
kristal wils…, Real Estate Pro in Long Beach, CA
kristal wilson answered:
Is it better to buy when the freeze on foreclosures expires?
Hi,
It really is true that the market sets the price. Economics 101 talks about supply and demand. However I have watched the best homes get snatched up quickly. I think purchasing a n ... more
0 votes Share Flag Sat Sep 19, 2009 Home Buying in Murrieta
Ala Chappele…, Real Estate Pro in Anderson, SC
Ala Chappelear answered:
I'm looking at wanting to buy a condo/loft/townhouse from foreclosure, and wondering how to go about it.
I would suggest contacting your local real estate agent and asking them to email you a list of all the available foreclosure homes/condos in your price range in the area you are looking ... more
0 votes Share Flag Thu Dec 8, 2011 Foreclosure in Denver
Christopher…, Real Estate Pro in Tarrytown, NY
Christopher Pagli answered:
Is there a percentage or scale on how low of an offer to make on a purchase without it looking like a low? ...
Hi, I wrote a blog post on presenting an offer that I feel will help you.

Once you and your Buyer Client have found the right property, the next step is to craft an offer that will h ... more
0 votes Share Flag Thu Aug 6, 2009 Rental Basics in Peekskill
Mark Risting,  in Schaumburg, IL
Mark Risting answered:
Is there income limit for the Federal 8k tax rebate for home buyers in 2009?
Dear Anewbuyer.

1) Income limits are $75k for single taxpayers & $150k for people filing jointly. For incomes over those amounts, the credit will eventually phase out when incomes re ... more
0 votes Share Flag Wed Aug 19, 2009 Financing in Sunnyvale
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