The Core Group Blog
There have been three key words that have surrounded the world of real estate since its beginning. They have defined good investment decisions, home buying decisions, and become a rule of thumb for everyone from first time homebuyers to billionaire tycoons. Location, Location, Location has been the keystone for every real estate purchase. Now, with […]
“WASHINGTON – Nov. 5, 2009 – The $8,000, first-time homebuyer tax credit has not yet been extended beyond its Nov. 30 end date, but it’s very close to gaining a longer life. The extension was added as an amendment to an existing bill, HR 3548, that extends unemployment benefits. The U.S. Senate passed that bill […]
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: