OK so this was my first stab at Video Blogging... Honestly i gotta admit a little nervous in fromt of the Camera. To Sharpen the point a little, a partner that you can be confident in to help professionally defin and taylor information to your circumstances is always helpful!!!!
This is a great time to be in the market for a new home, especially if you are a first time homebuyer. Not only are real estate prices low, but the US federal government is offering up to $8,000 as a tax credit to first time buyers who purchase a home between January 1 and November30, 2009. And, unlike the previous tax credit incentive of up to $7,500, this money does not have to be paid back.
Not every home buyer will qualify, and even those who do qualify may not get the full amount. The actual amount offered is 10% of the sale price of the home, up to $8,000. Single home buyers with a yearly income over $75,000 ($150,000 for couples) will not qualify for the full amount. Applicants for this credit must be a US citizen or a legal alien. Luckily for most first time home buyers, these qualifications should not be a problem.
There are a couple of catches that potential buyers should be aware of. First, if this tax credit is obtained after a purchase this year, the home owner has to stay in that home, as their primary residence, for at least three years. If you move before then, the money you received from the tax credit will have to be paid back. Second, the home sale has to be closed between the first of January and the end of November. If you don't close the sale on your new home until December 1st, even if it was scheduled to be closed earlier, you miss out on the tax credit.
The first time home buyer tax credit has already had an affect on home sales. Although the number of unsold homes is still higher than normal, the number of completed existing home sales has begun to rise. While still no where near where the number used to be, it has at least improved over the past few months, and it is estimated that the number of sales will continue to rise through the year.
So, what does this mean for you? Well, if you are considering buying a home this year, don't wait. There are only five months left of this special incentive, and buying a home doesn't happen overnight. This is a great time to buy, and the number of foreclosures has been increasing, giving you a great selection of homes to choose from.
As the winter chill and holiday thrill take over in late October, most people take their homes off the market due to low expectations. It seems that few people want to deal with buying or selling Gilbert Arizona Real Estate during the holiday season, particularly due to the weather, children’s school year, and the hectic events and spending that surround the holidays. While a lot of this is true, the most motivated buyers and sellers are still playing the game, and you might be missing out.
Holiday Visitors are Ready to Buy
If you plan on selling during the holidays, you may not have as many visitors, but you can be assured that those visiting are probably ready to buy. During the summer you will find many people looking at your home simply out of curiosity, often wasting time and energy. People that shop during the holidays, however, are usually eager to find a home and are not just “taking a look” at your house on the market. The potential buyers during the holiday season will also have fewer bidding conflicts and the sale will be hassle-free.
A Motivated, Easy-Going Approach
The best inventory of Chandler homes are on the market during the holidays, and you will only see the most motivated, well-qualified sellers and buyers scoping Gilbert Arizona Real Estate. Everything runs smoothly and every agent, lender, and home inspector has more time to devote to your home. With this easy-going approach, it only makes sense to buy or sell during the holidays!
The Best Gilbert Arizona Real Estate on the Market
Try to accept this new way of thinking towards buying and selling AZ real estate during the holiday season. Make sure to stay up-to-date on the the amazing Chandler homes and Gilbert Arizona Real Estate for sale at www.azhomeinfosource.com.
A lot of complicated and often frightening reports on what the media is calling “The Housing Crisis” have a lot of people nervous about buying or selling homes. Unfortunately, many of these reports are over-generalized. The media does not measure interest in a given property, or how many offers a real estate agent has received on a given property, which works to skew reports toward the negative. While many areas in the U.S. have had traditionally over-inflated housing prices, and over-inflated new housing developments, many areas like ours here in the Gilbert, Arizona real estate area are holding steady.
Can I Still Obtain a Mortgage?
It’s true that many home buyers are particularly wary right now. Many people are nervous about getting taken in by predatory lenders because news media has covered the mortgage crisis rather heavily. The amount of money that more legitimate banks are willing to loan for anything, mortgages included, has declined. Many buyers worry about obtaining a mortgage with what they think is a trustworthy bank, because they are concerned that their mortgage may be sold to a less reputable company, or that the bank itself may go out of business. As the number of Arizona foreclosures has risen, so has buyer frustration.
Use Caution When Choosing a Lender
While buyers should always be wary of predatory lenders, the recent decline in predatory lending has made borrowing money for a first mortgage quite a bit safer and even easier. As new buyers work with sturdier lenders to obtain mortgages, the number of Arizona foreclosures will continue to decline. The lesson to be learned here is this: the current interest rates for first mortgages are amazingly low, making home ownership more affordable than ever. As the market flushes out bad lenders, borrowing money for a mortgage is increasingly safe. The market isn’t as bad as it’s been made out to be, particularly in the Gilbert, Arizona real estate region. It’s a great time to buy, whether this is your first home or you’re moving up. An unspoken bonus to the negative media coverage is that buyers and sellers are working together and communicating more now than ever, making this a great time for home buying and selling.
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As the winter chill and holiday thrill take over in late October, most people take their homes off the market due to low expectations. It seems that few people want to deal with buying or selling 
It’s true that many home buyers are particularly wary right now. Many people are nervous about getting taken in by 
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