• September 17, 2009 - The Housing Market Index Reaches A 16-Month High
• September 12, 2009 - Affordable Homes for Sale in Phoenix, AZ, Help Buyers Enjoy Pleasures of the City
Due to the vast collection of home types available within the city of Phoenix, potential buyers can find plenty of options to stay within their ideal price range for a home. Browse through the condo complexes and modest single-family abodes to you’re your selection from the affordable homes for sale in Phoenix, AZ. Buyers who are able to cut down the costs for owning a home are able to spend more time and money on the things they appreciate most about the city. If you are buying a home for the first time or if you are looking for a bargain deal, begin your search in affordable neighborhoods such as Brighton Park, Point Tapatio, Siesta Park and Vista Portica. |
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• September 11, 2009 - Townhomes for Sale in Phoenix, AZ, Offer Easy Living
As housing costs can become pretty pricey in the city, new buyers and first-time investors face the trouble of locating an affordable residence that can be easily maintained. When you consider the option of owning a townhome or condo in Phoenix, you can elevate your chances of finding a wonderful little place to call home. Condos can provide plenty of space without the added time and cost of exterior upkeep that is typically supplied by the homeowner's association. Consider your options for purchasing an attached home among the townhomes for sale in Phoenix, AZ, neighborhoods like Decameron Village, Toscana at Desert Ridge and Hill View. http://www.ybuyphoenixrealestate.com/44709-Phoenix-AZ-Condo-RESCity.aspx
Check out our website about townhouses in the Phoenix area. If your interested please give Paul or myself a call.
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• August 31, 2009 - Use of $8,000 Tax Credit Expanded
| Qualified first-time homebuyers now have another way to take advantage of the federal $8,000 tax credit for the purchase of a principal residence.
The American Recovery and Investment Act of 2009 created a tax credit of up to $8,000 for buyers purchasing their first home before Dec. 1, 2009. Previously, homeowners could only use this credit after purchasing a home and filing their tax return with the Internal Revenue Service. On May 29, however, the U.S. Department of Housing and Urban Development (HUD) announced that the Federal Housing Administration (FHA) will allow state finance agencies to provide second mortgages “monetizing” the tax credit.
What does this mean in plain English? That homebuyers can immediately use the $8,000 credit toward their down payment and closing costs for the purchase of homes with FHA-insured mortgages.*
This is great news for first-time homebuyers who want to take advantage of the low mortgage rates and competitive pricing of many homes today, but don’t have enough money on hand for both a down payment and closing costs.
Homebuyers who obtain an FHA-insured mortgage are still required to have the 3.5 percent minimum down payment. But the tax credit can be applied to a down payment in excess of 3.5 percent of appraised value and could possibly help the borrowers obtain a lower interest rate by increasing the total amount down.
According to estimates by the National Association of Home Builders, 40,000 more homes will be purchased due to the new FHA monetization program, in addition to the 160,000 sales already expected, due to the creation of the credit.
For more information on the tax credit, or to learn about available homes in your area, call our CENTURY 21 office today so we can get you on the path to the home of your dreams.
* Consult a tax professional for details. |
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• August 29, 2009 - Home Prices Keep Rising, Rising, Rising
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Paul & Randy are the Homes2Know Team & this is our Blog. Our Blog is designed to be a resource for buyers, sellers, homeowners, and those relocating to the Phoenix area.
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