Archive for July, 2009
Home prices stabilizing?
State tax credit available for Kentucky homebuyers
The Kentucky Association of REALTORS reports that there is a State tax credit up to $5000 for qualified Kentucky homebuyers. Newsletter
Michigan laws give homeowners facing foreclosure more time to work with lenders.
Foreclosure Prevention Laws now in effect in Michigan give homeowners more time to try and work out a solution with their lender in order to stay in their homes. Homeowners now have 90 days to try and work out a payment plan with their lenders according to a news release from the Michigan real estate association [...]
New York real estate agents say tax credit reason for home sales increase
New York real estate agents are enjoying an increase in sales across the State according to a news release from the New York State Association of REALTORS. The increase is contributed in a large part to first time home buyer tax credit. First time home buyers who purchase a home prior to December 1st of this year could receive [...]
Make sure you use a real estate agent with short sale experience
If you are faced with selling your home at a price that is not sufficient to cover your mortgage you will need your lender to approve a payoff that is less than owed. This process is generally referred to as a short sale transaction. Short sales are becoming common around the country. Real estate [...]
No matter how much you love the house, have the house inspected
Research published by the American Psychological Association confirms that people tend to steer clear of information that would contradict their own personal belief or opinion. In fact people are twice as likely to choose information that supports their point of view. When you are buying a house, it will be important for you to [...]
Contingency contract
A contingency contract would be a contract that has one or more specific clauses that must be satisfied before the buyer and/or seller are required to close on the sale of the property. Some of the more common contingencies include financing, satisfactory inspections, repairs, clearing title, lender approval of a short sale, the selling of [...]