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 [...]

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I’m one of the real estate professionals here in Macomb County that does not believe there will be an extension to the Federal first time home buyers tax credit.  Too much money has been spent in the last year with less money coming in.  The Federal government has to put a stop to it soon, [...]

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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 [...]

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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. [...]

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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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Home sellers in St. Clair Shores have been experiencing some stabilization
in their home sales, however price is still “king”.
55 homes sold in St. Clair Shores (Macomb County MI) during the month
of June this year, compared to 59 for June of 2008.
The prices ranged from $14,900 to a wonderful Worthington canal front
home that sold in June [...]

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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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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 [...]

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—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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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 [...]

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