Are you a first time homebuyer?
Did you know….
That Congress recently passed a new $8,000 tax credit incentive for first-time homebuyers?
And that buyers who qualify by purchasing a home by November 30, 2009 can claim the tax credit either on their 2009 tax returns or on the 2008 tax returns that are due April 15, 2009 – resulting in an even faster refund check?
http://www.irs.gov/newsroom/article/0,,id=204672,00.html
Did you know….
That buyers who purchase a newly built home between now and February 28, 2010 are eligible for a California tax credit of $10,000?
And that the California new construction home credit is available to qualified buyers regardless of income?
So that first-time homebuyers purchasing new construction are eligible for combined federal and state tax credits of as much as $18,000?
Did you know….
That on March 26, 2009, average rates on 30-year fixed-rate mortgages dropped to 4.85 percent – the lowest in the history of Freddie Mac’s survey?
http://www.nytimes.com/2009/03/27/business/27mortgage.html?_r=1&scp=1&sq=mortgage%20rate&st=cse
Did you know….
That plunging mortgage rates have dramatically increased the affordability of homes for many buyers?
For example, the monthly principal and interest on a $700,000 home loan was approximately $4,424 at the 6.5% interest rates we saw last year…
But is only approximately $3,654 at an interest rate of 4.75%.
Did you know….
That in February 2009, nationwide sales of both new and existing homes rose for the first time since last July?
And that the increase in sales was driven in large part by a surge of first-time homebuyers into the market?
http://www.latimes.com/business/la-fi-homes24-2009mar24,0,6244168.story
Did you know….
That even if your preferred neighborhood lies outside my area of primary expertise – in Pasadena, Palos Verdes, the San Fernando Valley, or anywhere else in the Greater Los Angeles area – I can introduce you to a local market expert who can provide exactly the advice and assistance you need, and then guide you step by step through the home-buying process.
Now could be a golden opportunity to buy a first home on favorable terms that may never be available again.
Let me know if you have any questions or need a referral.
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This blog’s great!! Thanks
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