Chat about Macomb County MI real estate & Homes for sale search site

One of the common misconceptions for home buyers (and some real estate professionals) is that the first time home buyers tax credit is $8000 for all buyers.
When reading the fine print of the IRS form 5405 there is an entry line to fill out asking for the smaller of 2 items:  $8000 or 10% of [...]

[Read more →]

After much back and forth, and preliminary hype about the extension of this tax credit, we can now confidently write to our local consumers about this bill being signed by the President.
The 1st time home buyers tax credit HAS been extended, and there is also a tax credit for those who already own a home [...]

[Read more →]

MSHDA (Michigan State Housing Development Authority) has some new
programs to help first time home buyers with their down payment
assistance.   I talked with Michelle Cyplik of Paramount Bank in Rochester
MI about these programs just before the Labor Day weekend, and we are
going to get together at the end of this week to talk more in depth [...]

[Read more →]

If you have been out and about looking at homes for sale in the Macomb County area then you surely have noticed that the number of homes on the market that are foreclosures (bank owned) is less than what it was a few months ago.
Part of the reason for this lower number of bank owned [...]

[Read more →]

I wrote this article the other day and published it on my first time home buyers blog, and then decided to add it here.  (Something I don’t normally do - I don’t like to duplicate content as it appears to be spammy. )
This is so important though that I broke one of my own rules. [...]

[Read more →]

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 [...]

[Read more →]

One of the questions that I’m asked about the First Time Home Buyers tax
credit is: “Can I get the money back to me quicker?”
The good news is yes, you can. If you qualifty for the 1st time home
buyers tax credit you can simply amend your already completed 2008
income tax return. You don’t have to [...]

[Read more →]

—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 [...]

[Read more →]

Goodness, what a whirlwind this week has been with information and mis-information alike.
Some of you may have read elsewhere that the first time home buyers tax credit from the Federal government is now being allowed to be given upfront so that a home buyer could use it for the down payment on their home:  Not [...]

[Read more →]

This past week I received 3 email inquiries about the (up to) $8000 first time home buyers tax credit and even though I responded to the people who asked the questions via email, I realized that the questions they asked are ones that I’m sure many others have questions about.
If I buy a HUD home [...]

[Read more →]