Your Real Estate News

2009-10-19T17:29:00.000-07:00

Click in the link below to find Property Search
http://marinacasellas.sef.mlxchange.com/?Page=366920

Click in the link below to contact me:
http://marinacasellas.sef.mlxchange.com/?Page=366923
ARTICLES:

Mortgage rates staying above 5%

Read the article:

http://money.cnn.com/2009/05/29/real_estate/Mortgage_rates_going_up/index.htm?postversion=2009052916

First Time Home Buyers Have Options Like Never Before

Read the article:
http://ezinearticles.com/?First-Time-Home-Buyers-Have-Options-Like-Never-Before&id=2438636

Good News for First Time Home Buyers
The combination of low prices and low interest rates is unusual and not likely to be duplicated again in our lifetimes. In addition, the government has created some terrific programs available only to first-time homebuyers.
The First-Time Homebuyer $8,000 Tax Credit: The First-Time Homebuyer $8,000 Tax Credit
Get your $8,000 HUD tax credit
$8,000 tax credit created by the stimulus package and apply it toward their down payments or closing costs.
"We believe this is a real win for everyone," said HUD secretary Shaun Donovan in a speech before the National Association of Homebuilders (NAHB). "Families will now be able to apply their anticipated tax credit toward their home purchase right away. What we're doing today will not only help these families to purchase their first home but will present an enormous benefit for communities struggling to deal with an oversupply of housing."
As part of the stimulus package, Congress created a refundable first-time homebuyers tax credit in hopes of helping on-the-fence buyers to take the home-purchase plunge. But buyers couldn't collect the $8,000 credit until tax time, rather than at closing time -- when it's needed.
The delay created an obstacle to reigniting the housing market because most first-time buyers -- the ones who would buy much of the available inventory -- have only saved enough to cover 4% of the purchase price, according to the National Association of Realtors.

Believe me... forget Short Sales!

Read the article

http://ezinearticles.com/?The-Long-Story-on-Short-Sales&id=2441338

Time to Renovate your Home

2009-06-27T11:41:00.000-07:00

Home renovations on sale:

Materials costs are plunging, and contractors are begging for work. Suddenly that long-postponed remodel is looking like a smart idea.

(Money Magazine) -- If you're struggling to see a silver lining in the beaten-down real estate market, consider this one: It may be a rotten moment to sell your house, but if you've postponed a much needed renovation project on your home - replacing a rotting deck, repairing a leaky roof or updating an antiquated bathroom - now just might be the best time in years to tackle that task.

The reason: Costs are starting to drop - in some cases, sharply - on everything from building materials to contractors' fees as the economy weakens and housing prices tumble.
In fact, consumer spending on home improvements is off by 12% since peaking last year, according to Harvard's Joint Center for Housing Studies - and that works to the advantage of anyone willing and able to remodel now.

"It's hard for homeowners to think about spending on their houses when real estate values are falling," says Kermit Baker, a senior research fellow at Harvard who tracks remodeling trends. "But with contractors hungrier for business, you'll be able to negotiate better prices, win other concessions and hire better-quality contractors than you could a year or two ago."

Read complete article:

http://money.cnn.com/2008/11/18/real_estate/renovations_sale.moneymag/index.htm?postversion=2008120815

2009-06-25T16:32:00.000-07:00

The Basics: 2009 First-Time Home Buyer Tax Credit

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed legislation that grants a tax credit of up to $8,000 to first-time home buyers.
Here is more information about how the 2009 First-Time Home Buyer Tax Credit can help prospective home buyers become part of the American dream.
Breaking news:

Tax Credit Can Be Used on Closing Costs.

Who Qualifies?

First-time home buyers who purchase homes between January 1, 2009 and December 1, 2009.
To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The 2009 First-Time Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.
How Much Will the Credit Be?
The maximum allowable credit for home buyers is $8,000. Each home buyer’s tax credit is determined by two factors:
The price of the home—the credit is equal to 10% of the purchase price of the home, up to $8,000.

The buyer's income—single buyers with incomes up to $75,000 and married couples with incomes up to $150,000—may receive the maximum tax credit.
If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?
Yes, some buyers may still be eligible for the credit.The credit decreases for buyers who earn between $75,000 and $95,000 for single buyers and between $150,000 and $170,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $95,000 for singles and over $170,000 for couples are not eligible for the credit.
Will the Tax Credit Need to Be Repaid?
No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during the three-year period, the credit will be recouped on the sale.

Part of NAR's Right Tools, Right Now InitiativeResources to help you better understand and promote the value of the 2009 First-Time Home Buyer Tax Credit to consumers are available for FREE or AT COST as part of NAR's Right Tools, Right Now initiative.

Doral

2009-06-08T20:19:00.001-07:00

Single Family
RAMB V.Tour W/Agent PhotoN/A
Price: $ 264,900
Beautifull home
3 bedrooms and 2 and a half bathrooms
2025 Sq. Feet.
Total area of 3755 Sq. Feet

West Miami

2009-06-08T18:45:00.000-07:00

Single Family
RAMB V.Tour W/Agent PhotoN/A
Price: $ 179,900
Near Miami Childrens Hospital
2 bedrooms and 2 bathrooms.
1,457 Sq. Feet.and a total area of 6400 Sq. Fee.

Fontainebleau

2009-06-08T17:18:00.000-07:00

Condo
RAMB V.Tour Flyer View MLXNo/A
Price: $114,900
This condo is located in the heart of Fontainebleau.
The community has a pool and a tennis court. This is a 2 bedrooms and 2 bathrooms. With total of 1000 sq. feet.