Down Payments for Lower-Priced Homes Double This is absolutely ridiculous. It makes me sick. Thank you DODD FRANK for making it nearly impossible for anyone to buy a home in the lower price range.
Showing posts with label first time buyer help in jacksonville. Show all posts
Showing posts with label first time buyer help in jacksonville. Show all posts
Monday, August 18, 2014
Thursday, February 17, 2011
Working With A REALTOR More Important Than Ever!
I read this today and thought it was definitely worth sharing.
RISMEDIA, February 17, 2011—In a landmark study examining the home buying and selling preferences of consumers in the Mid-Atlantic region, 95% reported that working with a real estate professional is just as important, if not more important, than it was just a few years ago. The survey results were released in a new research paper entitled Keepin’ it Real, by MRIS, the area’s Multiple Listing Service (MLS) and a leading developer of real estate information technology.
According to the report, which can be found on www.MRIS.com, today’s consumers recognize this is not the time to complete a real estate transaction on their own, and are placing a stronger emphasis on the agent’s professional skills. As such, trustworthiness was ranked as the most critical factor in choosing an agent, followed by experience, willingness to look out for a client’s interest, expertise in negotiating contracts, responsiveness, familiarity with contracts and knowledge of the local community. These requirements are evidence that consumers are seeking more than simple guidance, they are looking for an expert they can trust to execute a step-by-step process throughout the entire transaction.
“In today’s housing market especially, this is no time to go it alone,” noted John L. Heithaus, Chief Marketing Officer of MRIS. “With 95% of all buyers and sellers reporting that working with a professional real estate agent or broker is important, it is evident that consumers understand how vital they are to the process. A real estate professional has the industry knowledge, networking ability and expert guidance on home buying and selling to deliver top notch customer service and advice, and provide a successful experience for consumers.”
Additionally, the Keepin’ it Real report reveals that 68% of buyers and sellers rated their agent with a six or seven, on a 7-point satisfaction scale. This high level of consumer confidence reinforces the credibility of the real estate professionals in the Mid-Atlantic area. Nearly half of the consumers surveyed, or 48%, found their agent by way of referral. Moreover, 80% of consumers stated that they would recommend their agent to a friend or family member, especially those that purchased or sold a home in the past twelve months.
Whereas in years past, the agent was the first step in the home buying or selling process, today, Internet-savvy consumers can gather information and educate themselves, long before contacting an agent. The Internet empowers consumers to search for homes and neighborhood information, compare pricing and explore financing options on their own. Yet, despite all of the tools and resources available, when it comes time to actually buy or sell a home, there is nothing more valuable than the industry knowledge, expertise and guidance a real estate professional brings to the table.
The Keepin’ it Real research paper is confirmation that today, more than ever, a real estate professional is an invaluable resource in the home buying and selling process.
Published by RISMedia.com
Working with a Real Estate Professional is More Important Than Ever in Today’s Real Estate Mark
RISMEDIA, February 17, 2011—In a landmark study examining the home buying and selling preferences of consumers in the Mid-Atlantic region, 95% reported that working with a real estate professional is just as important, if not more important, than it was just a few years ago. The survey results were released in a new research paper entitled Keepin’ it Real, by MRIS, the area’s Multiple Listing Service (MLS) and a leading developer of real estate information technology.According to the report, which can be found on www.MRIS.com, today’s consumers recognize this is not the time to complete a real estate transaction on their own, and are placing a stronger emphasis on the agent’s professional skills. As such, trustworthiness was ranked as the most critical factor in choosing an agent, followed by experience, willingness to look out for a client’s interest, expertise in negotiating contracts, responsiveness, familiarity with contracts and knowledge of the local community. These requirements are evidence that consumers are seeking more than simple guidance, they are looking for an expert they can trust to execute a step-by-step process throughout the entire transaction.
“In today’s housing market especially, this is no time to go it alone,” noted John L. Heithaus, Chief Marketing Officer of MRIS. “With 95% of all buyers and sellers reporting that working with a professional real estate agent or broker is important, it is evident that consumers understand how vital they are to the process. A real estate professional has the industry knowledge, networking ability and expert guidance on home buying and selling to deliver top notch customer service and advice, and provide a successful experience for consumers.”
Additionally, the Keepin’ it Real report reveals that 68% of buyers and sellers rated their agent with a six or seven, on a 7-point satisfaction scale. This high level of consumer confidence reinforces the credibility of the real estate professionals in the Mid-Atlantic area. Nearly half of the consumers surveyed, or 48%, found their agent by way of referral. Moreover, 80% of consumers stated that they would recommend their agent to a friend or family member, especially those that purchased or sold a home in the past twelve months.
Whereas in years past, the agent was the first step in the home buying or selling process, today, Internet-savvy consumers can gather information and educate themselves, long before contacting an agent. The Internet empowers consumers to search for homes and neighborhood information, compare pricing and explore financing options on their own. Yet, despite all of the tools and resources available, when it comes time to actually buy or sell a home, there is nothing more valuable than the industry knowledge, expertise and guidance a real estate professional brings to the table.
The Keepin’ it Real research paper is confirmation that today, more than ever, a real estate professional is an invaluable resource in the home buying and selling process.
Published by RISMedia.com
Thursday, January 28, 2010
Jacksonville First Time Buyers
Be careful what you wish for! I predict that we're going to have an amazing number of first time buyers entering this market in the next 2 weeks! Are you prepared?
First time buyers are the funnest, and the most challenging clients I've ever worked with!! Never a dull moment. They are smart, they're internet savvy, they have already looked at a LOT of houses on Realtor.com and other sites and they are READY TO GO!
We are under a very tight deadline. We must have a contract signed, sealed and delivered no later than April 30th. That seems so far away right now--it's not! After getting the deal done, we can close as late as June 30th.
In this market, the first timers are all looking in the same price range. I am starting to see multiple offers on homes already! Are you ready to get educated on how the process works? Some of my first timers are confused and have lots of questions.
Multiple offers and homes sold above the asking price will be here this Spring! I predict this will become the norm rather than the exception. Homes priced right will SELL in this market!
I'm living that very situation as we speak. I continue to get referrals from the first timers I helped fourth quarter of last year. The homes that we looked at in November and December are now Pending or Sold. Time is of the essence! Please be aware of the deadline and call me! If you are a first timer sitting on the fence--it's time to "jump"!
What a great time to be a REALTOR. This is what we do best. Match buyers with homes that will enrich their lives and families for many years to come. I love my job!!
Put me to work for YOU!
Ronda Densford, REALTOR
Magnolia Properties
Jacksonville, FL
(904) 885-9907
First time buyers are the funnest, and the most challenging clients I've ever worked with!! Never a dull moment. They are smart, they're internet savvy, they have already looked at a LOT of houses on Realtor.com and other sites and they are READY TO GO!
We are under a very tight deadline. We must have a contract signed, sealed and delivered no later than April 30th. That seems so far away right now--it's not! After getting the deal done, we can close as late as June 30th.
In this market, the first timers are all looking in the same price range. I am starting to see multiple offers on homes already! Are you ready to get educated on how the process works? Some of my first timers are confused and have lots of questions.
Multiple offers and homes sold above the asking price will be here this Spring! I predict this will become the norm rather than the exception. Homes priced right will SELL in this market!
I'm living that very situation as we speak. I continue to get referrals from the first timers I helped fourth quarter of last year. The homes that we looked at in November and December are now Pending or Sold. Time is of the essence! Please be aware of the deadline and call me! If you are a first timer sitting on the fence--it's time to "jump"!
What a great time to be a REALTOR. This is what we do best. Match buyers with homes that will enrich their lives and families for many years to come. I love my job!!
Put me to work for YOU!
Ronda Densford, REALTOR
Magnolia Properties
Jacksonville, FL
(904) 885-9907
Saturday, November 14, 2009
Dear Santa-Please bring me a house
If you've been thinking about buying a house, let's do it now and get you moved in before Santa gets here! The First Time Buyer Tax Credit is alive and well! There's even a new $6500 Tax Credit for people that sell their house and buy another one! Wow! It doesn't get any better than this! Call me today and let's get busy and find your dream home.
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Thursday, November 5, 2009
Tax Credit for First Time Buyers Extended!
Congress Passes Homebuyer Tax Credit
Posted By Steve Cook On November 5, 2009 @ 3:31 pm In Beyond Today's News, Crisis Programs | No Comments
After the Senate gave final approval last night without a dissenting vote, the House of Representatives voted overwhelmingly this afternoon to pass legislation containing an extension and expansion of the homebuyer tax credit, completing Congressional action and sending the tax credit to President Obama for his signature, possibly as early as tomorrow.
The $8,000 homebuyer tax credit for first-time buyers, due to expire in 25 days, will be extended through April 30 of next year and buyers will have an additional two months, until the end of June, to close. First-time buyers who are in process of making a purchase will no longer need to worry about qualifying for the $8,000 credit if they close after the November 30 deadline. The new legislation increases the income limit for couples with income up to $225,000, a nearly $55,000 increase above the level in existing law.
For the first time, the new legislation makes buyers who already own a home eligible for a credit. A $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years. The legislation limits eligibility for the existing homeowner credit to homes worth $800,000 or less.
The legislation takes effect December 1 and is not retroactive. Both credits are available only for primary residences, not second homes or investment properties.
In the House debate, Speaker Nancy Pelosi (D-Calif.) took the floor to say the homebuyer tax credit was helping a new generation of Americans live our their dream og homeownership and financial independence. Debate on the homebuyer credit was overwhelmingly positive and the legisltion passed 403 to 12.
However, several leading economists have voiced concern about the $16.7 billion.cost of the credit and the wisdom of spending up to $400,000 per homebuyer to stimulate real estate sales and White House support for extending the credit has been lukewarm at best. However, it is virtually certain that the President will sign the legislative package, which contains an expansion of unemployment benefits as well as the tax changes.
In the Senate, the homebuyer tax credit was amended to a bill expanding unemployment benefits by 20 weeks for those who have exhausted their benefits, a vital issue for Democrats. The latest unemployment numbers are due out tomorrow and Congressional leaders are rushing the unemployment bill to the White House so that he can show compassion by signing on the same day more job losses are announced.
The legislation included provisions added to address complaints of fraud. The Internal Revenue Service is given greater authority to oversee the process to root out fraud, and provisions are added in response to past abuses of false sales or underage buyers. An investigation by the Treasury Department’s Inspector General for Tax Administration found that more than 580 children, some as young as four years old, had received $627,000 in first-time homebuyer credits. The IRS has identified 167 suspected criminal schemes and opened nearly 107,000 examinations of potential civil violations of the first-time homebuyer tax credit.
A number of economists have voiced concern about the $16.7 billion.cost of the credit and the wisdom of spending up to $400,000 per homebuyer to stimulate real estate sales, however their views had little impact on the outcome. The White House has been lukewarm at best. A survey released yesterday by Campbell Communications/Inside Mortgage Finance found that the credit gives existing homeowners only half as much incentive to buy a home as first-time buyers. Because of the lesser value of the credit and the higher median price of move-up homes, the credit only accounts for two percent of the cost of an average move-up home as opposed to four percent of a first-time buyer’s starter home, according to the study.
The legislation also contains a provision supported by the National Association of Home Builders. It helps larger companies strapped for cash with net operating losses (NOL) this year or in 2008.
Ordinarily these companies can carry back these losses for only two years to qualify for a tax refund. The provision would make this process extends the carry-back to five years for either 2008 or 2009. The tax break will now apply to losses in either 2008 or 2009, and the income cap will come off.
Posted By Steve Cook On November 5, 2009 @ 3:31 pm In Beyond Today's News, Crisis Programs | No Comments
After the Senate gave final approval last night without a dissenting vote, the House of Representatives voted overwhelmingly this afternoon to pass legislation containing an extension and expansion of the homebuyer tax credit, completing Congressional action and sending the tax credit to President Obama for his signature, possibly as early as tomorrow.
The $8,000 homebuyer tax credit for first-time buyers, due to expire in 25 days, will be extended through April 30 of next year and buyers will have an additional two months, until the end of June, to close. First-time buyers who are in process of making a purchase will no longer need to worry about qualifying for the $8,000 credit if they close after the November 30 deadline. The new legislation increases the income limit for couples with income up to $225,000, a nearly $55,000 increase above the level in existing law.
For the first time, the new legislation makes buyers who already own a home eligible for a credit. A $6,500 maximum credit will be available to existing homeowners who have lived in their current residence for five of the prior eight years. The legislation limits eligibility for the existing homeowner credit to homes worth $800,000 or less.
The legislation takes effect December 1 and is not retroactive. Both credits are available only for primary residences, not second homes or investment properties.
In the House debate, Speaker Nancy Pelosi (D-Calif.) took the floor to say the homebuyer tax credit was helping a new generation of Americans live our their dream og homeownership and financial independence. Debate on the homebuyer credit was overwhelmingly positive and the legisltion passed 403 to 12.
However, several leading economists have voiced concern about the $16.7 billion.cost of the credit and the wisdom of spending up to $400,000 per homebuyer to stimulate real estate sales and White House support for extending the credit has been lukewarm at best. However, it is virtually certain that the President will sign the legislative package, which contains an expansion of unemployment benefits as well as the tax changes.
In the Senate, the homebuyer tax credit was amended to a bill expanding unemployment benefits by 20 weeks for those who have exhausted their benefits, a vital issue for Democrats. The latest unemployment numbers are due out tomorrow and Congressional leaders are rushing the unemployment bill to the White House so that he can show compassion by signing on the same day more job losses are announced.
The legislation included provisions added to address complaints of fraud. The Internal Revenue Service is given greater authority to oversee the process to root out fraud, and provisions are added in response to past abuses of false sales or underage buyers. An investigation by the Treasury Department’s Inspector General for Tax Administration found that more than 580 children, some as young as four years old, had received $627,000 in first-time homebuyer credits. The IRS has identified 167 suspected criminal schemes and opened nearly 107,000 examinations of potential civil violations of the first-time homebuyer tax credit.
A number of economists have voiced concern about the $16.7 billion.cost of the credit and the wisdom of spending up to $400,000 per homebuyer to stimulate real estate sales, however their views had little impact on the outcome. The White House has been lukewarm at best. A survey released yesterday by Campbell Communications/Inside Mortgage Finance found that the credit gives existing homeowners only half as much incentive to buy a home as first-time buyers. Because of the lesser value of the credit and the higher median price of move-up homes, the credit only accounts for two percent of the cost of an average move-up home as opposed to four percent of a first-time buyer’s starter home, according to the study.
The legislation also contains a provision supported by the National Association of Home Builders. It helps larger companies strapped for cash with net operating losses (NOL) this year or in 2008.
Ordinarily these companies can carry back these losses for only two years to qualify for a tax refund. The provision would make this process extends the carry-back to five years for either 2008 or 2009. The tax break will now apply to losses in either 2008 or 2009, and the income cap will come off.
Saturday, October 31, 2009
Halloween Horror Story for a REALTOR
Once again it's time for me to repost the scariest real estate story ever! It's become an annual tradition to repost this article. I call it my "List Em and Leave Em" post. Don't let this happen to you!
The names have been changed to protect the slackers and the victims...
I continually hear people say that their realtor bugged them for weeks to get them to list their house with them. They finally agreed to list it and they never saw the REALTOR again!! I'm not exaggerating! Check out this story....
New example of a "list em and leave em" real estate company
Wednesday, May 02, 2007JANESVILLE, Wis. - A couple checking out a house for sale were shocked to discover the 55-year-old homeowner dead in her bed. Authorities said foul play was not suspected. Real estate agent Linda stood in the dining room while Justin and Colleen walked through a house Monday night. Before long, she heard Colleen scream."I thought, 'What's wrong?' Maybe it was a dead mouse or something," agent Linda said. But then she peered into the bedroom and saw the body of the owner.
An autopsy determined the owner had been dead for two to three weeks, Rock County Coroner Jenifer K said Wednesday. The cause of death remained under investigation, but the woman appeared to have died of natural causes and no foul play was suspected, the coroner said.
The agent who listed the house, said it was for sale "for a while." Agent Linda said she had noticed a faint odor but thought it was from the mess in the house or the countertop full of dishes. After seeing the body, she said she told the couple: "We need to leave. This is not right. We need to get out of here."
I rest my case! If you want to list your house with someone that will communicate with you---give me a call! I look forward to hearing from you. I promise not to list your house and forget about you!
Monday, October 19, 2009
Saturday, September 12, 2009
Times Up For First Time Buyers
If they don't extend the November 30th deadline for first time buyers to get the tax credit---you're too late!!! Short sales are consistently taking 3-6 months to close so you've waited too long.
I predict they will extend the deadline, but you just can't count on that for one minute. If you're looking for a really good bargain in todays market, stick with foreclosed homes. They can close in 30 days or less. You can USUALLY get a response from the lender on your offer in 24-36 hours. Please note that there are multiple offers now on the nicer houses. I've heard that some homes have as many as 2 dozen offers!! In today's market, it's probably better to start out with your highest and best offer right from the "get-go". That way, if you really love the house, you'll know if you're in the game. With the number of offers being thrown on the table, you need to try to make yours the best!
Call or email me today for a list of foreclosures in the neighborhoods you like.
Sunday, July 12, 2009
Jacksonville First Time Buyers
Okay people. If you're a first time buyer you need to WAKE UP and call me. TODAY! For a very limited time in addition to the FEDERAL TAX CREDIT being offered -- you can get an ADDITIONAL $8000 from the City of Jacksonville by way of the City of Jacksonville Dept of Housing and Neighborhoods. Did you hear that? An ADDITIONAL $8,000 to use as a down paymnent OR closing costs or both. In addition to this money ($16,000), you might be able to get up to $25,000 in bond money and first time buyer assistance!!
What are you waiting for?? Call me today! The money available to Duval county residents is being given out on a first come, first served basis. Call me today to get the process started before it's too late!
Hurry!!
What are you waiting for?? Call me today! The money available to Duval county residents is being given out on a first come, first served basis. Call me today to get the process started before it's too late!
Hurry!!
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