Real Estate For First Time Buyers

WOODSTOCK GEORGIA TOWNHOUSE FOR SALE

2010-08-26T10:57:00.000-07:00

Priced to Sell! Prime location, minutes to Downtown Woodstock and I575. This home features an oversized Greatroom with Corner Fireplace an a separate area for a Sitting/Reading room, a kitchen with a Breakfast Bar, Pantry and a view to the dining area. Additional features include a Master Suite with Garden Tub, Separate Shower and Dual Sinks, a Two Car Garage, and Great Ammenities. Preview this home at my web site,

Many more homes are available in the Woodstock, Cherokee area.

If you are in the market to sell I have over 16 years of experience working with sellers and buyers.Please call me at
404-663-1669.

2010-08-12T17:04:00.001-07:00

WHAT ALL SENIORS NEED TO KNOW <*<*<*<*

I just had an appointment with my clients mother-in-law and it was so humbling to see her in the situation she is in. I know as a real estate agent that I could get this mother to sell but I also knew for her that was not the thing to do. She is healthy and active and she wants to be indepenent so I gave her a way to do that.

A "Reverse Mortgage" is just what she needs. It is designed for senior citizens to convert home equity to cash funds WITHOUT monthly payments.

No credit score OR income requirements.

Developed and approved by the Dept of Housing since 1990.

Supported by AARP and the Financial Planners Association.

Funds can be used for anything (Medical, Debts, Payoff Mortgage, help family, ...)

HOMEOWNERS MAINTAIN OWNERSHIP AND CONTROL OF THE HOME. DON'T LET FINANCIAL WORRIES GET YOU DOWN, CALL TODAY.

HEY! THERE IS STILL A HOUSE BONUS OUT THERE!

2010-07-06T07:25:00.000-07:00

If you think the "Tax Credit " is gone, yes it is but the "Discount is Not Gone".
There are still lots of homes for sale out there. For sellers, they know that they have to compete with the foreclosures out there so they are giving discounts. That discount is your "Tax Credit"

If you are looking at Foreclosures or Short Sales, they also are giving a "Tax Credit" in the form of a reduction in the price and sometimes a "Big Reduction".

With all that said, "your Tax Credit" is still there, so please get out there and buy while you can. Low rates will not be there forever.

2010-06-20T13:53:00.001-07:00

Down payment Assistance Is Available

Applications are now being accepted for the Gwinnett County HOMEStretch Downpayment Assistance Program, for individuals and families purchasing homes in Gwinnett County.

HOW CAN THIS PROGRAM ASSIST YOU?

The HOMEStretch Downpayment Assistance Program provides loans of $7,500 at 0% interest to qualifying first-time homebuyers who purchase affordable homes in Gwinnett County. HOMEStretch Loan funds may be used for Downpayment and/or Closing Cost Assistance, and/or Prepaid Items. These loans are 5-year, deferred payment loans. No scheduled payments are required on the HOMEStretch loans during the 5-year loan period. If the homebuyer occupies the home purchased with HOMEStretch funds as their principal residence for at least 5 years, the loan is satisfied and no repayment is required.

WHO IS ELIGIBLE FOR HOMESTRETCH?

First-time homebuyers including homebuyers who have not owned a home in three years who meet the income guidelines as established by HUD and set forth below, who are credit worthy and who complete a Certified pre-purchase counseling class provided by any HUD approved Housing Counseling Agency.

WHAT TYPES OF PROPERTIES ARE ELIGIBLE?
Single family detached homes, townhouses, and condominiums constructed after 1977 are eligible.

To qualify for a Gwinnett County HOMEStretch Homebuyers Downpayment Assistance Loan, the applicant must purchase a home in Gwinnett County.

HOW DO I APPLY?

CALL ME: SHARON EVANS, RE/MAX TOWN & COUNTRY AT 404-663-1669

GWINNETT COUNTY HOMEStretch DOWNPAYMENT ASSISTANCE

2010-06-20T13:32:00.000-07:00

Down payment Assistance Is Available

Applications are now being accepted for the Gwinnett County HOMEStretch Downpayment Assistance Program, for individuals and families purchasing homes in Gwinnett County.
This program is funded by HUD’s HOME Investment Partnership Program including funds from the American Dream Downpayment Initiative [ADDI] and is administered by the Gwinnett County Community Development Program.

HOW CAN THIS PROGRAM ASSIST YOU?

The HOMEStretch Downpayment Assistance Program provides loans of $7,500 at 0% interest to qualifying first-time homebuyers who purchase affordable homes in Gwinnett County. HOMEStretch Loan funds may be used for Downpayment and/or Closing Cost Assistance, and/or Prepaid Items. These loans are 5-year, deferred payment loans. No scheduled payments are required on the HOMEStretch loans during the 5-year loan period. If the homebuyer occupies the home purchased with HOMEStretch funds as their principal residence for at least 5 years, the loan is satisfied and no repayment is required.
WHO IS ELIGIBLE FOR HOMESTRETCH?

First-time homebuyers including homebuyers who have not owned a home in three years who meet the income guidelines as established by HUD and set forth below, who are credit worthy and who complete a Certified pre-purchase counseling class provided by any HUD approved Housing Counseling Agency.

INCOME GUIDELINES

Family Size Maximum Income
1 $40,150
2 $45,900
3 $51,600
4 $57,350
5 $61,950
6 $66,550
7 $71,100
8 or more $75,700

WHAT TYPES OF PROPERTIES ARE ELIGIBLE?
Single family detached homes, townhouses, and condominiums constructed after 1977 are eligible.

To qualify for a Gwinnett County HOMEStretch Homebuyers Downpayment Assistance Loan, the applicant must purchase a home in Gwinnett County.

WHAT IS THE MAXIMUM PURCHASE PRICE?
The purchase price of the home cannot exceed $200,000; however, what each applicant may afford will vary based on income, mortgage interest rates and other variables at the time of purchase.

HOW DO I APPLY?

CALL ME: SHARON EVANS, RE/MAX TOWN & COUNTRY AT 404-663-1669

REALTOR® Magazine-Daily News-IRS Clarifies What's Needed to Claim Tax Credit

2010-02-28T17:39:00.000-08:00

REALTOR® Magazine-Daily News-IRS Clarifies What's Needed to Claim Tax Credit

Secret #1 for Saving Thousands When Finding and Financing your New Home

2010-01-14T10:13:00.000-08:00

Two things you need to consider here:

YOUR NEEDS AND YOUR WANTS...
You may need a 4 bedroom because of children but you also know you want a certain school... What do you do if you cannot afford both?

What you will find is your needs are fairly basic. It's the "wants" that take a little more time to clarify. Here is a list of needs you should consider BEFORE looking for your home:

1. General price range of home - we'll cover this ahead when discussing financing options and the amount of home you can afford.

2. Approximate size of home (decide on a reasonable range.)

3. General location, area, or subdivision.

4. # of bedrooms required (don't forget to include home office or guest rooms needed).

5. # of bathrooms

6. Style and layout of home: Do you want a more formal plan or a contemporary plan with great room design.

7. School requirements, job location (where are the best areas for both)

8. Check out the "First Time Buyer Credit and the Move-up Credit.

Stay tuned for "Secret #2"

2010-01-07T13:58:00.001-08:00

It is so strange for me to hear that some of the schools let out early today. I can remember when I grew up in Kansas that we walked to school with
with one to two feet of snow on the ground and did not think a thing about it.

2010-01-07T12:29:00.001-08:00

It is snowing very lightly around the Mabry Rd. and Highway 92 area.

Exisating Homes Sales Jump

2009-12-30T10:25:00.000-08:00

I am a "Firm" believer that if you want to buy at a reasonable low price and before the housing prises start to rise "Then you need to Buy Now". Please read the article below from RIS News feed.

As Buyers Respond to Tax Credit, U.S. Existing Home Sales Jump 7.4% in November 2009 | RISMedia

2009-12-29T16:09:00.001-08:00

I learned today that I can add the Youtube video of each of my listings onto Facebook. Now my friends can see the videos. My friends will love this.

2009-12-16T05:28:00.001-08:00

Getting ready for a big day. I have baked 10 dozen cookies to deliver to some of my clients.
What a fun day this will be.

THE NEW HOME BUYER TAX CREDIT WAS APPROVED!

2009-11-10T14:11:00.000-08:00

The much-anticipated extension to the home buyer tax credit has finally been approved. The Senate's vote yesterday resulted in a 98-0 win and today it was passed in the house. The bill now moves to the President's desk for a final signature.

First-time home buyers have been eligible for tax credits of up to $8,000 since last January as part of this year's economic stimulus package. The newly backed program will expand the credit to include existing home owners.

Under the revised program, those who have owned a home for at least five years will be able to apply for tax credits of up to $6,500 when they purchase their next home. To qualify, buyers will have to sign a purchase agreement by April 30, 2010 and close by June 30.

The maximum purchase price on a home will be $800,000 with vacation homes not eligible. Income limitations are $125,000 for single tax payers and $225,000 for joint filers.

The National Association of Realtors (NAR) and the National Association of Home Builders (NAHB) have been lobbying hard for the extension and expansion of the tax credit. NAR claims that so far, about 1.4 million first-time homebuyers have qualified for the program and they estimated that 350,000 of these buyers would not have otherwise purchased.

The tax credit is also set to be extended for another year for military personnel serving outside of the United States until June 30, 2011.

Senator Johnny Isakson, who heavily pushed for the extension, along with his own version that would have increased the credit to $15,000 stated, "This is probably the last extension."

But, is this really true? When April 2010 comes around and the housing market is still not in full recovery mode, will the politicians be able to let this go and actually come to an end, or could it possibly become a more permanent subsidy?

Sharon Evans

CRS, ABR, CBR, GRI &

Foreclosure & Short Sale Specialist

RE/MAX Town & Country

Direct # 404-663-1669

http://www.sharondevans.com/

email: sharonevans@remax.net

2009-11-10T14:10:00.001-08:00

Spent Saturday Nov. 7, 2009 at the "Woodstock Business Fun In The Park Day. We had a blast,
gave out RE/MAX Balloons and Candy and met lots
of people.

NORMAL FOLKS CAN BUY INVESTMENT PROPERTY

2009-10-16T13:57:00.000-07:00

Top 12 Tips for Buying an Investment Property

Here is what you need to think about:.

1.Location, location, location. Invest in the best location you can afford. It will determine the kind of tenants you will attract and how much rent you can charge. A property in a desirable location (good school systems) will also appreciate more over time and be less apt to go down in market price as much as other properties might.

2.Don’t go overboard when fixing up an investment property. You don’t have to have d granite countertops and stainless appliances. Renters are happy with homes that are in good condition. That means the walls have a fresh coat of paint and the carpet is clean with no spots.

3. Today's Real Estate is "to Buy and To Hold" for at least five to ten years. You’ll face considerably more risk with a shorter time frame. Although your rental will almost certainly appreciate over the next 20 years.

4. Think long term. For most small investors, long-term ownership makes the most sense. You’ll have plenty of time to ride out any swings in the market, and your rental income will be a nice supplement to your day job. Historically, real estate has been an excellent investment, always appreciating a few points over the rate of inflation.

5. Be prepared to have cash on hand. Buying a non-owner occupied property requires at least 25-30% down.

6. Calculate the cost of ownership. This includes all the expenses of owning and managing an investment property, not just mortgage payments. Common expenses include property taxes, insurance, utilities, maintenance, vacancies, and repairs.

7. Look for a property for what it can be, not what it is. Buyers with a little imagination can look past the cracked paint and overgrown landscaping and get a great deal.

8. Hire and pay skilled workers to do your renovations. Start collecting recommendations for electricians, plumbers, painters, and contractors.

9. Always screen your tenants. Run a credit check and call old landlords. Ask if they paid the rent on time, what condition the property was when they left, and if they caused any problems with the neighbors.

10.Read up on your rights as a landlord. Learn about the eviction process and other potential issues so you can do things right, saving time and money.

11.Single family homes with 3 to 4 bedrooms are your best for rentals. Try to buy in a neighborhood that has an association. You will find that tenants will try the best they can to match what the neighborhood looks like.

12.Enjoy the advantages of your investment property. When managed correctly, investment properties are a great source of passive income—now, and when you retire. Take advantage of amazing tax benefits to make your investment pay off.

Sharon Evans

CRS, ABR, CBR, GRI

RE/MAX Town & Country

Direct # 404-663-1669

http://www.sharondevans.com/

email: sharonevans@remax.net

WHERE WILL HOUSING BE IN 2012

2009-10-04T07:32:00.000-07:00

In 3 years, market will likely be governed by local issues, not credit crisis. Americans have not seen a boring housing market since the last millennium. You know -the average, ordinary kind of market where supply just about matches demand, prices are steady, and real estate ceases to be a topic of daily conversation. Instead, we've had six years of upside craziness followed by three years of downside terror. Now we're in a tug-of-war between those who think we've finally found a bottom and those who are convinced that the overhang of unsold homes is going to push prices considerably lower.

By 2012 we may finally get back to blissful boredom. With any luck, three years should be long enough for the U.S. economy to recover and for the nation's housing inventory to shrink to more normal levels. At that point, housing will return to its old ways, with prices governed not by national mood swings and global credit crises but by local issues ranging from zoning to immigration to job growth.

Prices? While they're likely to keep falling a while longer under the weight of foreclosures, the market is definitely closer to the bottom than the top. "We expect prices to drop for another year and then stabilize before starting to rise with incomes," says Standard & Poor's chief economist David Wyss. Moody's Economy.com predicts the S&P/Case-Shiller U.S. National Home Price Index, maintained by data specialist Fiserv, will fall about 16 percent this year before regaining ground. Based on the National Association of Realtors national median home price of $180,000 for the fourth quarter of 2008, that would mean a median of $152,000 at the end of 2009 and then a rebound to $179,000 by the end of 2012.

Do remember! Everything is local to your area.

The Ten Commandments for Financing a Home.

2009-09-08T19:03:00.000-07:00

1. Thou shalt not change jobs, become self-employed or quit your job. Longer employment time shows stability and a reduced likelihood of default.

2. Thou shalt not buy a car, truck or van (or you may be living in it)! This will increase your debt to income ratio.

3. Thou shalt not use charge cards excessively or let your accounts fall behind. This shows poor money management and an increased risk of default.

4. Thou shalt not spend money you have set aside for closing. It costs money to borrow money - make sure you have enough.

5. Thou shalt not omit debts or liabilities from your loan application. This is tantamount to fraud - never a good thing!

6. Thou shalt not buy furniture or other big ticket item on credit. Like buying a car, this increases your debt to income ratio.

7. Thou shalt not originate any inquiries into your credit. The algorithm is a secret but you'll get dinged a few points for most inquiries.

8. Thou shalt not make large deposits without first checking with your loan officer. Money needs to "season" in your bank account, typically for 60 or more days.

9. Thou shalt not change bank accounts. A strong banking history, like a strong employment history, shows stability.

10. Thou shalt not co-sign a loan for anyone. Like buying cars or furniture, this increases your debt to income ratio.

Brought to you by:
Sharon Evans, RE/MAX Town & Country
and
Dee Estrada
Senior Loan Officer
Office 404-574-2629
Cell 678-462-5223
Dee.Estrada@academymortgage.com

WHY FIRST TIME BUYER'S SHOULD BUYER NOW

2009-09-07T10:12:00.000-07:00

Top 7 Reasons to Buy Your First Home Today

1. Free Money. The $8,000 tax credit for first time home buyers is valid before December 1, 2009. This is a special tax credit from the government that you don't have to pay back, as long as you stay in the home for at least 36 months.

2. Affordability. Based on recent property declines and current interest rates, home affordability has not been higher since it was first tracked over 40 years ago. Your grandparents couldn't have received a better interest rate than you can today.

3. Tax Breaks. The IRS allows you to deduct the interest you pay on your mortgage, your property taxes and, in many cases for those who qualify, some of the costs to buy your home and mortgage insurance. Owning a home is a great way to lower your tax bill.

4. Build Wealth. Unlike paying rent, with each mortgage payment you make, you build equity and you decrease your income tax liability. Owning a home is still the best long-term investment.

5. Appreciation. As home prices have fallen precipitously in today's tough economy, the basis for realizing appreciation in future years is very strong. Historically, even with other periods of declining value, home prices have exceeded consumer inflation. From 1972 through 2005, home prices increased on average 6.5%, according to the National Association of Realtors®.

6. Stability. Knowing you can establish roots and raise a family in one location, free of the desires or needs of your landlord to sell the property you are living in. This is something no other investment provides. You can't live in a stock, and you can't raise your kids in a bond.

7. Independence. Enjoy the freedom to do what you want to your home. After all, it's yours to do what you wish. And, with any improvements you make, you have the ability to benefit from your investment. Try that with an apartment!

Mortgage Interest Rates as of Sept. 4, 2009

FHA around 5% 30 yr. fixed 4.75%

*Rates are subject to change due to market fluctuations and borrower's eligibility.

2009-09-02T19:00:00.001-07:00

It has been a good day, closed on a foreclosure today. My buyer got a great deal. More pleople need to buy right now. They can get great deals.

LAST CHANCE FOR FREE MONEY

2009-08-29T08:31:00.000-07:00

The clock is ticking on Tax Credit!

There's barely three months left before the $8,000 tax credit for first-time buyers ends -- and it can take that long to close on your new home.

Passed earlier this year as part of the economic stimulus package, the credit is good for up to $8,000, or 10% of the purchase price, and applies to people who have not owned a home in the previous three years. (There are some income restrictions.) The best part: Unlike a similar program from 2008, the credit does not have to be repaid. The bad part: It ends on Dec. 1.

Because it usually takes around 30 days to close on a house after a contract is signed, buyers have very little time left to act.

"Buyers have to get a home under contract very, very soon, call me so that we can get started finding you a home.

2009-08-09T17:29:00.001-07:00

Tell me what phone has the best reliability and the lowest cost. I need some advise.

GET YOUR NEW HOME WHILE YOU CAN!

2009-08-09T17:11:00.000-07:00

A recent release of a Home Data Index (HDI) Market Report, which last month took the lead in reporting the first U.S. home price gains in more than three years.

Key highlights for June 26 - July 25 include:

National / Four Region Overview: National quarter-over-quarter gains improve to 5 percent, with the Midwest (11.2%), South (5.3%), Northeast (2.4%), and West (1.1%) regions all posting gains.
Metropolitan Statistical Area (MSA) drilldown: Continued high real estate owned (REO) saturation levels add to market volatility.

“While we see yet more improvements in the quarterly price trends, REO activity remains very high.” said Kevin Marshall, President of Clear Capital. “The summer season, combined with increased opportunity for investors and home buyers, helped the most severely impacted markets ease the home price slides experienced this past winter.”

The National quarterly price gain grew to 5.0 percent this month (up from July’s 1.7 percent increase), reflecting a wide-reaching improvement in price declines across all four U.S. regions.

2009-07-31T12:25:00.001-07:00

AN AVERAGE RENTER'S NET WORTH IS $4800. orth is $4,800.

While the average homeowners net worth is $171,000. Right now the government is giving you money to buy a house! Up to $8,000 is federal tax credits for first-time home buyers AND up to $1,800 Georgia tax credit for all buyers.
New home builders are offering fantastic incentives including flooring upgrades, new appliances and discounted financing .

It’s a buyer’s market. I know you’ve heard it before but it’s true, if you are pre-approved you have significant negotiating power. In a few years when the housing market picks back up, the value of the house you buy today at such a low price will rise significantly making your investment very profitable as the switch to a sellers market emerges.

Four Words: Historically low interest-rates. This means lower payments or a bigger house for the same monthly payments. Can it get any better than that?

Possible $15,000 Tax Credit

2009-07-23T16:08:00.000-07:00

Will the $8,000 First-Time Home Buyer Tax Credit Expand to $15,000?
June 12, 2009 05:31 PM ET | Luke Mullins | Permanent Link | Print
In an effort to jump-start the ailing housing market, Sen. Johnny Isakson, a Republican from Georgia (and a former real estate professional) has introduced legislation that would beef up the tax credit for first-time home buyers. Under the terms of his bill, which was introduced Wednesday, the size of the credit would expand to a maximum of $15,000 from the previous cap of $8,000, and it could be taken by anyone who buys a primary residence, instead of only by first-time home buyers. The bill would also remove the income limits that had prevented individuals making more than $75,000 a year from claiming the credit, which would be available for a year after the date of the bill's enactment

The Real Estate Market is Stabilizing

2009-07-22T04:57:00.000-07:00

According to many reports and RISMEDIA, July 21, 2009—The U.S. housing market continues to show signs of stabilization with a drop in the number of listed homes for the twelfth consecutive month. The number of single family homes and condos listed for sale according to Multiple Listing Date data decreased in June 2009 from May by 2.1%, bringing the total number of active listings in 28 major U.S. markets-

OBAMA WIDENS MORTGAGE REFINANCE PROGRAM

2009-07-06T05:28:00.000-07:00

Obama Extends Mortgage Refinancing Program!

With home prices still falling, administration opens up rescue program to homeowners whose loans are 125% of their home's value.

NEW YORK (CNNMoney.com) -- The Obama administration is widening its mortgage refinancing program to allow more borrowers hit hard by falling home prices to take part.

Borrowers whose loans are now worth up to 125% of their home's value are now eligible to refinance their homes under the Obama foreclosure prevention plan announced in February. Previously, the limit was 105%.

The move acknowledges that home prices in many areas have fallen so far that many people were shut out of the program. Some 67% of homeowners in Las Vegas -- one of the hardest hit areas and where Housing Secretary Shaun Donovan announced the expansion Wednesday -- owe more than their homes are worth.

More than one in five borrowers are now underwater, with homes in parts of California and Florida losing more than 50% of their value, according to Zillow.com, a real estate Web site. Some 20 million people own homes worth less than their mortgages.

"The president's Making Home Affordable plan is already helping far more than any previous foreclosure initiative and with today's announcement we will extend its reach still further," said Donovan.

Some 20,000 loans have been refinanced so far, according to the Treasury Department. The initiative waives the requirement that homeowners have at least 20% equity in their home, allowing them to take advantage of today's lower rates. Homeowners must still meet other criteria, including being current on their payments and having loans that are owned or backed by Fannie Mae or Freddie Mac.

"If we can augment our gift giving by giving more of ourselves to those we love, all the time and in various ways, we will have a good chance of helping them and ourselves live happier, better lives"
-Earl Nightingale

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Covenant Mortgage Corporation | 1000 Mansell Exchange West | Suite 270 | Alpharetta | GA | 30022

2009-06-25T04:39:00.001-07:00

Open house this Sunday from 1 to 4 pm at 1958 Twelve Oaks Circle, Kennesaw, GA 30144, updated ranch with full basement with media room and pool table room, www.sharondevans.com

EVERYONE WANTS A LOWER PRICE FOR A HOME!

2009-06-23T06:27:00.000-07:00

Everyone Wants a Lower Price, But What About the Impact of Interest Rates?

When shopping for a home, the natural tendency of any buyer is to want to pay the lowest price possible. It's important to keep in mind, however, that the sales price is not the only factor that determines what the monthly payment will be. In fact, the impact of higher interest rates can easily nullify any benefit of waiting for a lower price.

Why Should I Rush to Buy?
While you may have heard discussions in the media about the decline of property values in many markets, the rate of decline appears to be stabilizing.

That being said, it would not be unreasonable for buyers to want to hold out for an additional decline of 10%, hoping to capture the best possible price. However, as property values have declined in many areas to 2003 levels or lower, waiting longer to pull the trigger could be a mistake. Many markets are reporting that lower property values have been bringing out investors and the result has been multiple offers on many properties. Properties priced correctly are not declining and, in fact, are creating a lot of interest.

Interest Rate Complacency
The problem is that many home buyers have been lulled into a sense of complacency because of extremely low interest rates. Since the Federal Reserve initiated its program of buying mortgage-backed securities, which control the rates people pay for their home loans, rates had been range bound, bouncing between 4.50% to 5.00% for a 30-year fixed-rate loan.

But buyers shouldn't be confused by this. These rates are artificially low! Historically, interest rates have been above 6.00%. And any rate obtained below this number is a great deal, especially on homes with price tags from 2003!

Markets are Unforgiving
The last two weeks of May showed just how unforgiving the markets can be for people who choose to procrastinate. In just five days, interest rates from many lenders increased anywhere from .50% to 1.00% as fixed-income investors demanded more for their money.

For anyone who was waiting for prices to drop even more, a 1.00% increase in interest rate would bring a higher monthly principal and interest payment on a home, even if the price of that same home had fallen an additional 10% in value.

If your clients are waiting for prices to fall even lower, be aware that while holding out for a lower price may help them win the battle, they could lose the war in terms of monthly payments and overall affordability. With the Federal Reserve scheduled to end its buying of mortgage-backed securities this year, rates only stand to go higher for those that wait. In fact, interest rates are already on the rise and could go higher from here.

Clock is Ticking on Free Money
If you have clients who are planning on purchasing their first home this year, be sure to let them know that they need to take possession before 12/01/2009 to be eligible for a tax credit of up to $8,000. In a survey conducted in March by Move.com, nearly 50% of home buyers are currently unaware that this free money exists in the marketplace. And since over 50% of all buyers are first-timers in today's market, this could impact a lot of your clients. http://www.irs.gov/http://www.irs.gov/

2009-06-19T10:31:00.001-07:00

I have just learned in my CRS class that you can go to www.magneticlens.com and order a wide lens to fit many cameras for around $49.00.

2009-06-18T11:57:00.001-07:00

I just learned in my CRS Class to go to www.expertvillage.com for anything you want to know about. I am getting ready to learn about "hash" tags

2009-06-15T19:16:00.001-07:00

GET THE MOST OUT OF YOUR HOMEBUYING CREDIT AT: http://ping.fm/sK6Hc

2009-06-12T04:55:00.000-07:00

US CHIEF OFFICERS OF LEADING CORPORATIONS SPEAK OUT!

RISMEDIA, June 11, 2009-The Housing Working Group of Business Roundtable, an association of chief executive officers of leading U.S. corporations, announced bipartisan proposals to help return stability and growth to the U.S. housing market.
“We recognize the earlier efforts made by the Administration and Congress, but strongly recommend taking additional steps to jumpstart the lagging housing market in order to stimulate a broader economic recovery,” said Richard A. Smith, president and CEO of Realogy Corporation and Chair of Business Roundtable’s Housing Working Group.
“If the housing market is not corrected or stabilized, the tide of the recession is not likely to reverse in the near term, and the slide in the economy overall will continue. We believe targeted, demand-side solutions-such as the ones Business Roundtable is recommending today-will provide a critical next step for a housing recovery that will help create jobs and boost the economy as a whole.”

The recommendations include expanding home buyer tax credit incentives from $8,000 to $15,000 while expanding eligibility from strictly first-time home buyers to all home buyers, regardless of income, on homes purchased as a primary residence. Among other recommendations, the CEOs also strongly encourage the Administration to continue ongoing efforts by the Federal Reserve to keep 30-year fixed mortgage interest rates at historically low levels and do so for the next 12 months, and to undertake a comprehensive review of existing foreclosure mitigation and loan-modification programs.

“The Obama Administration’s extraordinary efforts to lower interest rates, along with its passage of the stimulus package, were both essential first steps toward stabilizing financial markets and promoting U.S. economic confidence,” said John Castellani, president of Business Roundtable. “Congress and the Administration must now build on these gains by stimulating demand for housing, which will create new jobs and trigger expansive economic recovery for America’s citizens, communities and companies.”

The group strongly believes adoption of its proposals will have a cascade effect, creating jobs and hastening U.S. economic recovery. The group’s recommendations are to:Read more:

2009-06-09T19:08:00.001-07:00

I am getting ready for bed. Found a great home for one of my buyers. They are looking for a personal care facility and we found one with 6 people already in the home.

2009-06-04T15:58:00.001-07:00

I am getting ready to babysit my two wonderful grandchildren

2009-05-28T14:04:00.001-07:00

I have been setting here making appointments to show a buyer of mine 9 homes. All of these homes are located in the Smyrna-Marietta, GA area and five of those homes are "Under Contract" and have just gone under contract.

For a year now I have been working with an 80+
year old couple who are moving here to be close to their family. There is a house that they really like but have not made an offer because they are not sure when they will move. Guess what, the
house is "under Contract. (This house was on the market since last August).

#First Time Buyers, you need to get in on the action. The great deals will not be there forever.

#$14,000 is available for a Down Payment if you buy a foreclosed house.

2009-05-26T16:09:00.001-07:00

$14,000 Down Payment Assistance Program "For all Home Buyers"
The Program was created to encourage the purchase of foreclosed properties. Funds utilized are an allocation of federal dollars received from the Housing and Economic Recovery Act of 2008.
The program provides $14,000 to eligible borrowers purchasing foreclosed properties in Georgia in eligible areas. The funds may be used for required repairs and/or down payment assistance. This program begins April 1, 2009 and all funds must be disbursed by June 30, 2010.

How do you apply?
• All buyers must receive eight hours of in-person home buyer education/counseling provided by an approved housing counseling agency.
• Contact us at 770-410-4950 ext 324 or 770-355-0130 for pre-qualification and to begin the mortgage loan process. We will evaluate your credit worthiness based on FHA or VA guidelines and your qualifications for the program will be based on the Down Payment Program guidelines

Frequently Asked Questions:

1. Are only first time home buyers eligible for the down payment assistance program?
Applicants do not have to be first-time home buyers and they are not prohibited from owning other residential real estate. This home must be your Primary Home.
2. If I am a first time home buyer and I use the Georgia Dream NSP program do I still qualify for the federal first time home buyer $8000 tax credit?
Yes. If you purchase a home prior to December 1, 2009.
3. Are there income limits?
Yes. Eligible borrowers must have a total household income less than 120% of the area median income (we can tell you what that is at application as it is based on county and family size)
4. Can I buy a home anywhere in Georgia?
No. You must purchase a foreclosed property in an area of greatest need. Need was determined by the volume of foreclosed properties in a county, though most of Greater Atlanta is covered.
5. What interest rate will I pay on my first mortgage loan?
The mortgage loan will be a 30 year fixed rate FHA or VA loan originated by the lender within the program guidelines. The rate will be determined by current market rates and the lenders choice of investor.
6. Can I use the down payment assistance program to purchase a short-sale or a home that is pending foreclosure?
No. the property must have been foreclosed and the title transferred to the mortgage lien holder or an eligible agency. Eligible properties must be owned by Bank, Government Entity or an eligible Non-profit.

CALL NOW TO GET QUALIFIED:

Travis Newberry – Community Mortgage Services
Sr. Loan Officer
USMC Ret
770-410-4950 ext 324
770-355-0130 Cell
770-410-4961 Fax
www.travisloans.net

2009-05-22T07:26:00.001-07:00

$14,000 Down Payment Assistance Program for all Home Buyers
The Program was created to encourage the purchase of foreclosed properties. Funds utilized are an allocation of federal dollars received from the Housing and Economic Recovery Act of 2008.
The program provides $14,000 to eligible borrowers purchasing foreclosed properties in Georgia in eligible areas. The funds may be used for required repairs and/or down payment assistance. This program begins April 1, 2009 and all funds must be disbursed by June 30, 2010.

How do you apply?
• All buyers must receive eight hours of in-person home buyer education/counseling provided by an approved housing counseling agency.
• Contact us at 770-410-4950 ext 324 or 770-355-0130 for pre-qualification and to begin the mortgage loan process. We will evaluate your credit worthiness based on FHA or VA guidelines and your qualifications for the program will be based on the Down Payment Program guidelines

Frequently Asked Questions:

1. Are only first time home buyers eligible for the down payment assistance program?
Applicants do not have to be first-time home buyers and they are not prohibited from owning other residential real estate. This home must be your Primary Home.
2. If I am a first time home buyer and I use the Georgia Dream NSP program do I still qualify for the federal first time home buyer $8000 tax credit?
Yes. If you purchase a home prior to December 1, 2009.
3. Are there income limits?
Yes. Eligible borrowers must have a total household income less than 120% of the area median income (we can tell you what that is at application as it is based on county and family size)
4. Can I buy a home anywhere in Georgia?
No. You must purchase a foreclosed property in an area of greatest need. Need was determined by the volume of foreclosed properties in a county, though most of Greater Atlanta is covered.
5. What interest rate will I pay on my first mortgage loan?
The mortgage loan will be a 30 year fixed rate FHA or VA loan originated by the lender within the program guidelines. The rate will be determined by current market rates and the lenders choice of investor.

CALL NOW TO GET QUALIFIED:
Sharon Evans RE/MAX 404-663-1669 &
Travis Newberry – Community Mortgage Services
Sr. Loan Officer, USMC Ret
770-410-4950 ext 324
770-355-0130 Cell
770-410-4961 Fax
www.travisloans.net

2009-05-21T16:04:00.001-07:00

A Realty Trac survey results revealed that first-time homebuyers represent the group most interested in purchasing foreclosure property. Two-thirds of U.S. adults between the ages 18-44 (66%) comprised largely of first-time homebuyers would consider purchasing a foreclosed home, compared to a little more than one third of those ages 55 and older (38%). Respondents aged 45-54 fell in between, with 53% indicating that they would be at least somewhat likely to consider a foreclosed property.

First-time homebuyers are a big part of the foreclosure market. The local Atlanta Multiple Listing Service reports that in recent closings around 50% are foreclosures . Most of the financing for a foreclosure is cash from investors and FHA loans for first-time homebuyers.

Don't forget about the $8000 tax credit a first time buyer can get if they buy a home this year.
www.sharondevans.com

2009-05-20T09:11:00.001-07:00

To capture new interest in home sales thanks to lower interest rates and a first-time-buyer tax credit, a growing number of lenders and asset management companies that own foreclosed homes now appear more willing to drop prices. Banks used to hold fast on pricing, banks now are reducing prices and taking lower offers.

It is time to "Buy"

2009-05-13T10:53:00.001-07:00

SOMETHING NEW IS COMING!
THE $8000 Tax Credit Can Be Used for Down Payment.

This was just announced today so the logistics are not in place yet but I will give you more info as I know more. The Federal Housing Administration is going to permit its lenders to allow home buyers to use the $8,000 tax credit as a down payment. Previously, most buyers wouldn't receive the funds until after they filed their tax return, and that deterred some people from using the credit. “We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a down payment,” Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, says. He says FHA’s approved lenders will be permitted to “monetize” the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table. For more info visit http://ping.fm/QBhDh

2009-05-10T06:51:00.001-07:00

HAPPY MOTHER'S DAY TO ALL

2009-04-23T10:03:00.001-07:00

First Time Buyer $8000 Credit, Your Options If You Buyer After April 15, 2009

The IRS released a notice recently concerning an obvious contradiction:

• The deadline to purchase a home and potentially qualify for the 2009 first time home buyer
tax credit is November 30, 2009.
• You can claim this $8,000 refundable tax credit on your 2008 tax return.
• Your 2008 tax return is due April 15, 2009.

QUESTION 1. : So how can I claim a credit on my 2008 tax return if I haven't purchased a home by April 15?

Here are your options:

1. Extend your tax return. File Fonn 4868 and automatically receive a six-month extension
to file. Note, this is not an extension of time to pay your taxes if you think you'll owe.

2. File now. Amend later. Another option is to file your return on time and then file an
amendment ( Form 1040X) after you close on your home. Up to $8,000 back in your pockets less what you would have owed already.

3. Claim it in 2009. You don't have to take the first time home buyer credit in 2008. Instead,
you can choose to take it in 2009. For some people, this may actually be better.

FIRST TIME HOME BUYER TAX CREDIT AND YOUR OPTIONS IF YOU BUY AFTER APRIL 15, 2009

2009-04-23T09:32:00.000-07:00

The IRS released a notice recently concerning an obvious contradiction:

• The deadline to purchase a home and potentially qualify for the 2009 first time home buyer
tax credit is November 30, 2009.
• You can claim this $8,000 refundable tax credit on your 2008 tax return.
• Your 2008 tax return is due April 15, 2009.

QUESTION 1. : So how can I claim a credit on my 2008 tax return if I haven't purchased a home by April 15?

Here are your options:

1. Extend your tax return. File Fonn 4868 and automatically receive a six-month extension
to file. Note, this is not an extension of time to pay your taxes if you think you'll owe.

2. File now. Amend later. Another option is to file your return on time and then file an
amendment ( Form 1040X) after you close on your home. Up to $8,000 back
in your pockets less what you would have owed already.

3. Claim it in 2009. You don't have to take the first time home buyer credit in 2008. Instead,
you can choose to take it in 2009. For some people, this may actually be better.

2009-04-11T14:51:00.001-07:00

It is almost Easter and I have delivered 39 Easter bags to some of my customers. Tomorrow the family is having Easter dinner and an easter egg
hunt for the grandchildren.

"TIP OF THE DAY" FOR FIRST TIME BUYERS INSPECTION INFORMATION

2009-03-31T07:51:00.000-07:00

Many, many newer homes being inspected find this
as a minor issue:

Inspectors have equipment that allows them to take a fairly close look at roofs. What they generally find on a newer roofs is that the tow board holes have not been sealed. Toeboards are those boards that are placed on the roof for the installer to put their feet on so they do not slip off the roof. These boards are nailed in. Once the roof is installed, the boards are taken off and the holes where the nails are, are to be caulked. The best thing for them to do would have been to replace that particular shingle tab and seal the holes from the nails. Many builders forget to do this. If not done eventually water will penetrate thru those holes.

If you’re buying a brand new home "OR ANY HOME, GET AN INSPECTION" let me encourage you to get it inspected. Most of the time, it will be minor issues that if left uncovered will cause larger issues not to far down the line. These things are found during a routine home inspection.

More tips to come.

ARE YOU READY FOR THE $8000 CREDIT

2009-02-23T11:12:00.000-08:00

The $8000 tax credit (or 10% tax credit whichever applies) for new home buyers has been approved and will not have to be paid back. As a new home buyer, "There has never been a better time to Buy".

In its efforts to stimulate the economy and revive the housing market, Congress has enacted legislation providing a tax credit of up to $8,000 for first-time home buyers. First-time home buyers (anyone who hasn't owned a home in the last three years) can claim a credit worth up to $8,000 (or 10% of the home's value, whichever is less) on their 2009 taxes for a primary residence purchased January 1st, 2009 and December 1, 2009. Unlike the $7,500 credit from the previous stimulus bill, this is a true tax credit, in that it doesn't have to be repaid, as long as the buyers remain in the home for at least 3 years. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. Use the links below to find out more details about the Home Buyer Tax Credit.

Homes are selling in Atlanta, Cobb, Cherokee County area.

2009-02-16T11:19:00.000-08:00

I am a real estate agent with RE/MAX Town & Country and we are getting busy selling homes.
The homes that are selling are mainly foreclosures. Listen up, if you are a first time buyer "please" let us find you a home now. I can remember three to five years ago when we could not find a home with a list price of less than $150,000. Even at the $150,000, those homes were
very distressed properties. To find a home nice average home a first time buyer would have to spend at least $180,000 and above.

Not today! I had a first time buyer out yesterday and we found a great foreclosure priced at $117,900 in an area that was not in a declining market but one in a stable market. Even though this home is a foreclosure, it has new carpet, new paint throughout the interior, was on a great
lot and was close to the East/West Connector between Austell and Powder Springs Rd. What a deal for this home!

Call me today to find you this perfect home. You can reach me at 404-663-1669. My buyer's
of this perfect house above are getting a loan with BBandT Mortgage through Dee Estrada.
Their rate will be under 5% and monthly payments of around $800 a month with taxes and insurance.

I am waiting to hear from you.