Tag: first-time buyer

32 Tips for First-Time Buyers

A month or so ago, I was contacted by a guy named Scott Riley, at HomeBuyerNation.com. I don’t know Scott Riley, and I have never heard of his website at HomeBuyerNation.com, but he asked a unique question for a post he was writing, so I played along, expecting that I really wouldn’t hear from him again. Turns out I was wrong. He wanted to know what was the one tip I would give every first-time home buyer. Without a doubt, I told him the number one tip I’d give every first-time home buyer would be to take your time. That perfect house …

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How To Buy Your First Home – Part One

So you want to buy your first home?  You’ve got a good job, you’ve saved up for a downpayment, and the house band the tenants upstairs started six months ago is progressively getting worse instead of better.  Yes, it might be time to consider buying your first home.  This is part one of a four part post that covers the general steps to buying your first home, and covers things like determining what you can afford, getting a loan, finding a house and handling inspections, and more.  If you have questions not covered, email me or post in the comments …

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Four Reasons To Consider Buying Your First Home

Why should I look into buying my first home?  Let me give you 4 quick reasons: Increase net worth – In a comparison of renters versus homeowners, the Federal Reserve Board of Consumer Finance found that the average net worth of renters was $4,000, while that of homeowners was $184,400.  A home plays a huge part in your financial future. Tax deduction – One of the largest tax deductions available is the amount of interest paid on a mortgage.  On a $150,000 loan, at a 5.5% interest rate, you can write off as much as $8,000 as deductions.  Consult your tax …

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First-Time Buyer in Pulaski VA? There’s $1 million Available For You

That’s right, $1 million has been set aside to help first-time buyers ease into the Pulaski VA real estate market.  From WSLS.com: The Virginia Housing Development Authority has set aside $1 million for the town of Pulaski for a reduced interest rate housing program. Home buyers who qualify for the loan will receive a one half percent reduction in the standard VHDA interest rate. To qualify, households must have an income between $34,500 and $46,000. “A lot of people are looking for housing already and this just gives them a chance to get a reduced interest rate,“ said Pulaski Town …

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Will They? Won’t They? The White House Offers Little on the First-Time Buyer Credit

The tax credit seems to be all the rage in the real estate world these days, and for good reason … it’s going to expire.  See that ticker on the right side of your screen (if you’re on a mobile phone, apologies – you’ll just have to imagine it) – that ticker is counting down to the expiration date of the first-time buyer credit on November 30th.  Any home buyer, who hasn’t owned a home in the last three years and who close on or before November 30th, is eligible for up to $8000 in tax credits.  Anyone who closes …

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Brandon Nicely Loves Hair Bands – and Buyer Credits

Everyone probably remembers the hit song from Bon Jovi:  “ITS MY LIFE……….ITS NOW OR NEVER!!!!” This song says it all about the first time homebuyer advantages that are still available.  Here are the specifics: If you have not purchased a property in the last 3 years and buy something before November 30th you qualify for an $8k tax credit.   This is not a tax deduction but an actual $8k cash check rewarded to you for buying a home. That’s it!  It’s easy, here’s the formula … Lowest prices in many years + $8k cash tax credit + historic low interest …

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Will The $8000 First-Time Buyer Credit Be Extended?

Get the <a href=”http://www.widgetbox.com/widget/countdown-pro” mce_href=”http://www.widgetbox.com/widget/countdown-pro”>Countdown Creator Pro</a> widget and many other <a href=”http://www.widgetbox.com/” mce_href=”http://www.widgetbox.com/”>great free widgets</a> at <a href=”http://www.widgetbox.com” mce_href=”http://www.widgetbox.com”>Widgetbox</a>! Not seeing a widget? (<a href=”http://docs.widgetbox.com/using-widgets/installing-widgets/why-cant-i-see-my-widget/” mce_href=”http://docs.widgetbox.com/using-widgets/installing-widgets/why-cant-i-see-my-widget/”>More info</a>)As we countdown to the expiration of the $8000 first-time buyer tax credit, the question everyone seems to be asking is “are we going to see the credit again?”  As I was speaking with a seller tonight, it was one of the questions he wanted to ask, and I’d bet at least once a day for the last few weeks has someone stopped me to ask whether I’ve heard that the first-time buyer …

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The Truth About The First-Time Homebuyer Credit

A few weeks ago, I had the opportunity to speak with friend of the blog Sarah Cox of The Roanoke Times about the First-Time Homebuyer Tax Credit.  We wanted to clear up some of the confusion about the credit, and Sarah posted a piece in The Roanoke Times today about it (seriously, RT, can we get this section of the paper online?).  Here’s a reprint (links are mine), as well as a follow-up at the end now that even more details have changed. “While there is no doubt the first-time buyer credit is being met with enthusiasm, there have been …

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