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 […]
Understanding the Appraisal Issue
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:
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First-time buyers race to qualify for $8K federal tax credit
First-time buyers race to qualify for $8K federal tax credit LOS ANGELES – Sept 10, 2009 – First-time homebuyers have just 12 weeks to find and close on a home to qualify for the $8,000 federal tax credit by Nov. 30 – before the Dec. 1, 2009, deadline. Those just beginning the process will have […]
Housing Market Indicators
Housing Market Indicators FAR – News and Events: “Housing Market Indicators: Florida existing home sales: (month-to-previous-year comparison) 33% Florida existing condo sales: (month-to-previous-year comparison) 48% Florida existing home median price:$147,000 Florida existing condo median price:$108,300 Florida consumer confidence: 67 National existing home sales: (month-to-previous-month comparison; all housing types) 7.2% National existing home median price $178,400 […]
New Condominium Regulations by FHA
In the most recent FHA guidelines and regulations that are set to be implemented October 1st, 2009 is the following:
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5 Great Neighborhoods in Orlando
Orlando’s quintessential ‘old money’ neighborhood, Winter Park is characterized by nice homes, cobblestone streets and oak trees covered in Spanish moss. Claudia Zequeira NORTH Winter Park An independent city created for northern snow birds, Winter Park is Orlando’s quintessential “old money” neighborhood. Posh boutiques and museums dot this charming enclave where the women are just […]
