Pennsylvania Real Estate Update

Dear Friend,   The U.S. Government recently extended and expanded the home buyer tax credit.  The $8000 first-time home buyer credit that was scheduled to expire December 1st will continue in effect until April 30, 2010.   In addition, begining December 1st, many current home owners will qualify for a $6500 tax credit if they've ...

Here is a quick overview of the legislation:   The tax credit is available for purchases before May 1, 2010.  Prospective purchasers with binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction. The tax credit remains at $8,000 for first-time purchasers.  No change to ...

  FREE REPORTHow to Keep from Getting Ripped Off When you Buy a Short SaleBy John Rainville, Broker, Realtor®, CSP, RECS, LTRS CertifiedAs banks foreclose on several homes in the area, buyers will find some amazing garage-sale priced homes; but buyers have opportunities to buy homes through a "short sale" before a home goes into ...

I have been pondering almost daily this great financial debacle that we have gotten ourselves into and how it happened. Now I understand Barry Obama likes to point the finger at the GOP or George Bush, but it started way before "W" became Number 43.  It seems to me that this whole mess can be traced back to Post WWII America and ...

WOW! We are back in the low 5% range for mortgages!  What a country!  And if you are a first time buyer you will be able to suck up the $7500 Federal tax incentive and you only have to pay back $500 a year! Our one lender just told us that they are now abel to look at lower than 600 FICO scores for FHA financing for people who may have ...

To learn how you can buy a home in the current market or get in position to buy for the Spring.  You recently visited one of our websites and inquired about buying real estate.  We would like you to invite you to a FREE no obligation, private discussion to determine the best plan of action for you in the current market. You’ll ...

NAR recommends Congress pass new housing stimulus legislation that includes the following priorities: 1. Remove the requirement in the current law that first-time home buyers repay the $7,500 tax credit, and expand the tax credit to apply not only to first-time buyers but also to all buyers of a primary residence. 2. Revise the FHA, Fannie Mae ...

NAR recommends Congress pass new housing stimulus legislation that includes the following priorities: 1. Remove the requirement in the current law that first-time home buyers repay the $7,500 tax credit, and expand the tax credit to apply not only to first-time buyers but also to all buyers of a primary residence. 2. Revise the FHA, Fannie Mae ...

What? What's that you say? Every day I am asked by someone, "...when is the market gonna bottom out?".  Well folks here's the deal, think of it as a 3 Day Goin Out Of  Business Sale. Are you with me so far? What day would you want to go?The First day with the best selection?The Second day with the ...

WOW! Everyone seems to have problems on their credit report...mistakes, and other items that are just penalizing them and stopping them from buying a home! We now have a solid way that works to get your credit report cleaned up and you on your way to getting the home or property you have always wanted. Watch this short video to get more ...