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Macomb County MI real estate blog

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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Answering a couple of reader questions about the 1st time home buyers tax credit

May 11th, 2009 · 1 Comment · Tax credit for first time home buyers in Macomb County MI, Up to $8000 1st time home buyers tax credit, tips for home buyers

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 [...]

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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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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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Tips to get through an FHA appraisal on a bank owned (foreclosure) purchase

January 16th, 2009 · 1 Comment · fha mortgages and first time home buyers, tips for home buyers, tips for purchasing a foreclosure

Wednesday of this week I had time to sit down and have a leisurely lunch with a mortgage represensative, Mike Caira of Great Lakes Mortgage Funding in Sterling Heights, that I think highly of and trust to give me the most accurate information.
One of the things that I wanted to know was if he is [...]

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Will you qualify for the $7500 first time home buyers tax credit?

December 13th, 2008 · 4 Comments · first time home buyers, macomb county MI, macomb county mi real estate market, tips for home buyers

There has been so much talk in the last few months about the buyers market in Macomb County, as well as mortgage programs that have gone by the wayside, that the $7500 tax credit for first time home buyers has fallen under our radar.
This past Wednesday I received a call from a young lady who [...]

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