No matter where you go, people are talking about the real estate market. One says it’s great and you can practically steal homes at these prices. Another says it’s horrible and even if you could find a house, it is impossible to get financing. And then there’s the national news that is nothing but doom and gloom! Just who do you believe???
Well, I’m here to try to set the record straight for you.
1. Since I started in the real estate business in 1978, there has never been a better time for First-Time buyers to purchase a new home. This is especially true in Northeast Ohio.
2. GET YOUR REAL ESTATE INFO AND ADVICE FROM A LOCAL REAL ESTATE PROFESSIONAL! I’m out there in the trenches every day and know what is going on right now. And believe me, it is changing all the time. What was true last year or even last week may not be true today.
3. Prices have dropped and there are a lot of homes on the market. Sellers are competing for buyers. Even though sellers understand they will probably have to sell for considerably less than they would have a couple years ago, keep in mind most sellers are not so desperate they will accept a ridiculously low offer. So – fantastic deals –just no steals.
4. You can get financing. If you have a secure job, 3.5% of the purchase price for a down payment (can be a gift from a relative) and have a decent credit score, you may be eligible for an FHA loan. And I can show you how to have the seller pay for your share of the closing costs!
5. Foreclosures. Now here is where some real opportunity exists. Even though these homes are dirt cheap, they may not be up to your comfort of living. Some have been abused and stripped of thing like light fixtures, appliances, bathroom fixtures and yes, even the kitchen sink. These homes would not be eligible to be financed under traditional standards. BUT, I can show you how to finance the home plus repairs and/or improvements you need with an FHA 203K Streamline loan.
Click for more info on the 203K loan. Then call me so we can get started.
6. And the best for last – as part of the economic stimulus plan, the Tax Credit for First-Time Homebuyers has been increased to $8,000 and you now have until December 1, 2009 to close on your new home.
Click here for the latest info on the tax credit.
Feel free to
contact me either by email or phone to discuss your options. Don’t forget, as a buyer you pay no commission for professional representation.
Barb Beckwith
Cutler Real Estate
330-491-2813
Barb@BarbBeckwith.comStart your home search at
http://www.barbarabeckwith.com/
