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Entries Tagged as 'first time home buyers'

Affordable condos for sale in Shelby Township MI - taking advantage of the first time home buyers tax credit

July 24th, 2009 · No Comments · Up to $8000 1st time home buyers tax credit, first time home buyers, macomb county mi real estate market, shelby township mi

One of the questions that I was recently asked by a Macomb County caller was if the 1st time home buyer tax credit could be used with the purchase of a condo and not a single family home.
The answer is a resounding yes. A condo is a home.   Just because there are common areas [...]

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A helpful timeline for those wanting to take advantage of the First Time Home Buyers tax credit

June 29th, 2009 · No Comments · Up to $8000 1st time home buyers tax credit, first time home buyers, macomb county mi real estate market

First time home buyers: Important dates to keep if
you are purchasing a home this year.

August 1st: Start your pre-approval process with your mortgage
lender and begin to gather the documents that you will need (pay stubs,
past 2 years tax returns, last 90 days of bank statements, cancelled checks
showing rental payment history if applicable)
September [...]

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The 1st time home buyers tax credit - another misconception addressed for Macomb County MI home buyers

June 28th, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, first time home buyers, macomb county mi real estate market

Last week I heard from a gentleman who is thinking about not renewing his apartment lease and taking advantage of the first time home buyers tax credit.   In his inquiry he wanted to know if he purchased a home for $40,000 if he still would recieve all of the “$8,000″.
The answer is no. He would [...]

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A warning to first time home buyers wanting to use the $8000 tax credit –

June 7th, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, first time home buyers, macomb county mi real estate market, tips for home buyers

—You better start looking now.
I hate it when I sound like a “salesperson” (no offense to sales people intended) but things are going to get crazy-busy here in Macomb County during the months of September and October.
Already we are experiencing signs of what is going to come hurdling at us like an avalanche:

Multiple offers on [...]

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$300,000 house & the $8000 first time home buyers tax credit?

April 3rd, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, first time home buyers

Thank you Julie for allowing me to answer your question here for the home buyers from Macomb County to read.
Julie sent me an email and asked: “If my husband and I buy a home that is in the $300,000 price range, is that too high of a purchase price to take advantage of the 1st [...]

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If I ask if you are working with an agent there is a reason for my question..

March 31st, 2009 · No Comments · first time home buyers, macomb county MI, tips for home buyers

…and the reason I ask is that I’m not just being nosey.
I know callers can be put off by that question but there is an honest to goodness  reason why I ask if you have an agent that is working for you.  It’s called buyers agency and in Michigan for quite some time agency relationships [...]

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“Tagged” homes in the City of Warren (Macomb County MI) - what you need to know to purchase the home.

March 5th, 2009 · 4 Comments · first time home buyers, macomb county MI, tips for purchasing a foreclosure, warren MI

If you’ve viewed homes for sale in the city of Warren lately you’ve probably come across some that have this notice taped to the window or the door:

When I’m out and about showing homes to buyers I’m seeing more of them on vacant homes.   (Most of the vacant homes have been foreclosures or bank owned [...]

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If I owned a home 4 years ago how can I be a first time home buyer? Some clarity about the $8000 tax credit

March 1st, 2009 · 2 Comments · Tax credit for first time home buyers in Macomb County MI, first time home buyers, tips for home buyers

Brian Powers, a real estate agent in Chesterfield Township, brought up a good point about the $8000 home buyers tax credit that was recently passed by President Obama.
He and I both feel that this tax credit would be less confusing to future home buyers in Macomb County MI and elsewhere if they would stop referring [...]

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The first time home buyers tax credit - revised explanation

February 20th, 2009 · 4 Comments · Tax credit for first time home buyers in Macomb County MI, first time home buyers, macomb county MI, tips for home buyers

When the Economic Stimulus bill was signed by President Obama it contained a revision to the 1st time home buyers tax credit.
2 key points: The credit is now worth up to $8000 and it does not have to be paid back unless you sell the home within 3 years of the purchase.
Please click [...]

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A response for Aaron Kelley - too lengthy to leave in the “notes” section

February 7th, 2009 · No Comments · fha mortgages and first time home buyers, first time home buyers, tips for home buyers, tips for home sellers

Mr. Kelley left a note on the side panel of this blog letting us know that he has his home for sale, and one of the incentives that he is using is to pay the first 6 months of a buyers mortgage payments.  Also, if a buyer can close within 30 days of an accepted [...]

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