WASHINGTON – Oct. 6, 2009 – More than 80 percent of new single-family homes have at least two bathrooms, which occupy an average of 300 square feet of floor space, or 12 percent of the total area, according to a study by the National Association of Home Builders. The home builders’ study reports a major […]
Who is Eligible • The $8,000 tax credit is available for first-time home buyers only. • The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three-year period prior to the purchase. • All U.S. citizens who file taxes are eligible to participate in the program. Payback […]
In today’s market, there are many obstacles you are faced with when buying and selling a home. One of the major topics of the moment is appraisals. Now what would an appraisal have to do with buying or selling a home?
The appraisal is the keystone for lenders to base their lending limits on, aside from the buyer’s personal financial situation. Every purchase contract is going to have a financing clause that states: