Home Buyers

Hello Everyone!

Recently I have been working with a lot of Buyers and I have learned some very important things that everyone should know about the buying process. It is a lot of stress and don't believe anything until you are closed and living in the house. Every deal has a issue at some point and I think history will show that you never want to count your chickens before they hatch. Now with that said I would like to make sure that everyone understands that it is a different problem with every deal and there is no way to predict what kind of junk you will need to deal with but just be prepared.

I would like to also mention the First time home buyer credit and how it is getting down to the wire with being able to claim that if you have not already purchased a home. First time buyers are anyone who has not owned a home for 3 of the past 5 years so if in the 1990's you owned a home and you sold it in the 1990's then you can qualify! Please make sure to seek tax advice as I am not a tax person. Also if you do not qualify for a loan and want to buy to get this tax credit you can use a non occupant co borrower for this. There are some guidelines for this so please let me know if you have questions!

I will be doing a Home Buyer Seminar with a Loan officer next month so please let me know if you would like to attend. It will be near Park Meadows Mall and it will really explain the whole process from start to end and lets get you that Tax credit!