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Macomb County MI real estate blog

Making an offer on a HUD home? Here’s how to protect yourself before you close on it.

February 23rd, 2010 · No Comments · macomb county MI, tips for home buyers, tips for purchasing a foreclosure

A few days I wrote an article about the National Association of Realtors® taking
a stance and adding to their Standards of Practice the verbage “don’t give out the
lockbox code!”.   While reading and commenting it reminded me of something
that is taking place with HUD owned homes:   The locks are re-keyed with the
same HUD key being able [...]

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HUD incentives ending in Michigan - February 12, 2010 is cut off date

January 31st, 2010 · No Comments · fha mortgages and first time home buyers, tips for home buyers, tips for purchasing a foreclosure

I knew it wouldn’t last forever, but I was kind of shocked to get the information in my email that the HUD incentives for Michigan are ending soon.
As of February 12th of this year (yes, less than 2 weeks away) HUD is putting an end to the wonderful incentives that they’ve been offering for the [...]

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FAQ answered about the 1st time home buyers tax credit and the up to $6500 repeat buyer tax credit

November 14th, 2009 · No Comments · Up to $8000 1st time home buyers tax credit

I came across the website below put out by the National Association of Home Builders and it’s wonderful. They answer most of the questions that are being asked by consumers about the extended 1st time home buyers tax credit, and also those who are hearing about the repeat home buyer tax credit.
Frequently Asked Questions [...]

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1st time home buyers tax credit expiring soon - here are some tips to help hurry along your purchase

September 22nd, 2009 · No Comments · Up to $8000 1st time home buyers tax credit, first time home buyers, macomb county mi real estate market

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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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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St. Clair Shores MI homes sold during June of 2009

July 3rd, 2009 · 1 Comment · Real estate market reports - Macomb County, Up to $8000 1st time home buyers tax credit, macomb county mi real estate market, st. clair shores

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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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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Getting your first time home buyer tax credit quickly

June 21st, 2009 · No Comments · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit

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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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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Waiting for clarification from FHA and HUD- The 1st time home buyers tax credit & down payment money

May 15th, 2009 · 1 Comment · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, fha mortgages and first time home buyers

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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Important copyright information: All photos were taken by Kris Wales. Do not copy and use photos for your own use, whether it be for personal or commercial purpose. All articles were written by Kris Wales. Once again, do not copy and use for your own purposes. Important disclaimer: Views expressed on the blog by the author and commenters do not express the views of Keller Williams Realty. All information contained is deemed to be reliable at the time of posting but not guaranteed.