Hi Luis,
Congratulations on your decision to purchase a home. Timing is great. You have for purchases from January 1, 2009 thru December 1st, 2009 a tax credit of $8,000 that does not have to be repaid - as the previous $7,500 - if you own your property for at least 3 years. For more information go to:
http://www.federalhousingtaxcredit.com/2009/faq.php
As to the associations, you may be better off looking into homeowner's association rather than condo associations. Preferable a fee simple, where you buy your own insurance and the maintenance fees because of it are lower. Have you thought of buying a single family in these same areas?
My sister, Marcia, and I work together and have a lot of experienced first-time buyers’ agents. Why don’t you come to our office for a buyer’s session? We could cover all the aspects of the transaction with you and your wife. We can go over financing, insurance, property taxes, foreclosures, short sales. If you like what we have to say and we get along, we could help thru the buying process. Please let us know.
Regards,
Carla Rocha
Coldwell Banker Res
954-895-7341
- Tue Mar 10 2009, 13:31