BEAUTIFUL 2 BED TOWNHOUSE WITH BRAND NEW FULLY APPLIANCED KITCHEN,NEW CARPET IN FIRST FLOOR, NEW SLIDER TO DECK, COMPLETELY REMODELED LAVETTE,2 BEDS UPSTAIRS WITH JACUZZI TUB,GARAGE FAMILY ROOM IN LOWER LEVEL FRESHLY PAINTED AIR CONDITIONING IN 3 RMS

TERRIFIC 3 BED LOCATED AT END OF DEAD END STREET,NEW VINYL SIDING,UPDATED ELECTRIC,NEW FIXTURES BASEBOARDS MOLDINGS,NEW SHEETROCK AND PLASTER THROUGHOUT HOME,CERAMIC IN BATH AND LDRY ROOM,PERGO FLOORS THROUGHOUT,COMPLETELY REMODELED INSIDE AND OUT.

Three bedroom 1 bathroom ranch in excellent condition in Greenwood Proper for under 200k, fully applianced updated kitchen washer and dryer hookup off kitchen, nice size yard 1 car garage mature landscaping easy show.

Gorgeous 4 bed home in Greenwood Proper. Interior updates include new windows, hardwood floors, kitchen, bathrooms, crown mouldings, fireplace living room and more. Unique corner double lot offers an enourmous fenced yard and mature landscaping.

GORGEOUS 2 BD TOWNHOUSE IN PRIVATE COMPLEX.MARBLE FIREPLACE IN LIVING RM,FORMAL DR,FULLY APPLIANCED KITCHEN,MASTER BR WALKIN/BATH,HARDWOODS IN LR/DR,1 CAR HEATED GARAGE,CENTAL AIR,ALARM,IRRIGATION SYSTEM,FINISHED LOWER LEVEL W/FAM RM KITCHEN AREA

ADORABLE 2 BED CAPE WITH DEFINITE POSSIBILITES FOR BUYER TO FINISH UPPER FLOOR,HARDWOOD FLOORS THOUGHOUT,FIRE PLACE IN LIVING ROOM,FULLY APPLIANCED KITCHEN,1CAR/GARAGE,NEW WINDOWS,NEWER HEATING AND HOT WATER,UPDATED BATH AND KITCHEN,GORGEOUS YARD

BEAUTIFUL 4 BED 2 BATH PRATT BUILT SPLIT LEVEL SITUATED ON 1/4 ACRE LOT,METICULOUSLY MAINTAINED,HARDWOOD FLOORS THROUGHOUT,FULLY APPLIANCED KITCHEN,FORAML DINING ROOM,FINISHED LOWERLEVEL,2 CAR GARAGE,CALL FOR APPOINTMENT

4-6 Bedroom Colonial in Garden City on Corner Lot. Hardwood floors,Fully Applianced Eatin Kitchen,Fireplaced Living rm,formal Dining room, 2 beds on 1st,Master w/walkin closet/bath,3 additional bedrooms on 2nd fl, cental air on 2nd,garage,easy show

COMPLETELY REMODELED 2 BEDROOM WITH SPACIOUS FULLY APPLIANCED KITCHEN,WASHER AND DRYER,HARDWOOD FLOORS,NEW WINDOWS,LARGE FRONT PORCH,NEW HEATING SYSTEM,CENTRAL AIR CONDITIONING,GREAT HOME DON'T MISS OUT

IMMACULATE 4 BED 2.5BTH COLONIAL IN ALPINE ESTATES,FULLY APPLIANCED KITCHEN,CENTAL AIR,CENTRAL VACUUM,ALARM,IRRIGATION SYS,MASTER BEDROOM WITH WALKIN AND JACUZZI TUB AND SHOWER,DECK OVERLOOKING OVER 2 ACRES DEAD END STREET.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability.  Even though interest rates have gone up in the last six months, they are still near historic lows.  Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life.  It’s important to live in a home that reflects your taste and values, yet is within your financial “comfort zone.”  To that end, it may be more important to lock in today’s relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today’s market.

If you have not owned a home in three years, you qualify as a first time home buyer.  If you buy a home after April 9, 2008 and before July 1, 2009, you qualify for this credit.  Call your friends who just bought a home since April 9th and tell them they may take $7,500 off their tax bill if they qualify.  It has to be your principal residence, so rentals do not count.

The tax credit is 10% of the cost of the home, up to a maximum of $7,500. This is not an additional deduction that lowers the amount of income to be taxed, it is a tax credit.  In other words, you take $7,500 off your tax bill.  But there is a catch; the credit you receive now is actually an interest-free loan that must be repaid.

The loan has no interest, and will be paid back over 15 years.  You get the credit on your 2008 taxes, but you start paying it back on your 2010 taxes that are due in 2011, so you get at least two years without a payment.  You pay back 6.67% of the credit each year, so for a $7,500 credit the payment is $502.50 per year.  If you stay put for 15 years, you pay it off with no interest.

What happens if you sell the house?  You pay the balance back at the closing.  So, you get $7,500 now, and pay the rest of it back if you make money on the sale of your house.  What happens if you do not make enough money when you sell your house?  They forgive the rest of the debt. 

Other restrictions stipulate that you have to buy your first house in three years before July 1, 2009, not have super high income, not use bond financing and buy anywhere in the US.

If you’d like to learn more about this program, please call me!