Tips / Tricks & FYI’s

Better off renting or buying?– Ownership responsibilities take some by surprise… Winning a multiple-offer competition– The larger the downpayment, the better… Get real with unrealistic sellers– Overpriced listings give buyers bargaining chip… Make your short sale shine– Tips for increasing chances of lender approval… Tips for avoiding surprise defects– Post-closing debacles highlight importance of due … More Tips / Tricks & FYI’s

Homebuyers Tax Credit Update

The Extended and Expanded Tax Credit agreement includes the following provisions: Amount:  $8,000 Who:  First -time homebuyers-same definition as current law Amount:  $6500 Who:  Repeat purchasers.  Must have used previous home as a principal residence for 5 of the 8 previous years. Income Limits:  $125,000 for single filers/$225,000 for joint filers.  Same for both first-time and repeat/move up buyers. Limitation on … More Homebuyers Tax Credit Update