Your Real Estate Connection

Get a positive, helpful partner for buying or selling a home: * Trusted resource for answers about the process * Innovative marketing strategies * Expertise about neighborhood features * Ability to target home searches * Strong negotiation skills * Support through the closing and beyond

Who Do you know That Should Buy A Home Right Now?

Payments may be lower than rent!!! Home prices are amazing!

• Historically low interest rates. If you were buying or refinancing in 2001, you’d face mortgage interest rates slightly above 8 percent. Today’s lower rates translate into comparatively lower purchase costs.
• Decreasing housing prices. In August 2006, half the houses for sale in the U.S. were priced above $225,000, while the other half were below (this highly watched reference point is called the market’s median price.) Three years later, the median price dropped significantly to $177,000. This 21 percent decline in home prices suggests good deals for buyers¹.
• Slow home sales. Generally, homes are sitting on the market longer, which means more choices for homebuyers and a better chance of finding the home that you want.

Tax Credit Extended!!!

WASHINGTON — The Senate on Wednesday approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

First-time buyers were eligible for a tax credit of up to $8,000. Current owners who bought and moved into another home could qualify for a credit of up to $6,500.

The $140 million cost of the measure would be financed by denying businesses the ability to deduct from their taxes punitive damages paid when losing lawsuits or judgments.