Archive for October, 2009

First-Time Home Buyer Tax Credit Information

Wednesday, October 28th, 2009

The government’s first-time home buyer program is one of the very few bright spots in a generally lousy real estate climate. We’ve put together a short list of requirements to help people gain a better understanding of the requirements of the program and take advantage of the many benefits the program offers.

$8,000

Qualified first-time [...]

Purchasing Foreclosure Property

Wednesday, October 21st, 2009

Home foreclosures have received a lot of coverage in the media for the last 18 months. The number of people losing their homes has skyrocketed as the economy has flagged. People who bought their homes at the top of the market are so upside-down on their loans that many are simply walking away from [...]

Refinancing Your Home

Friday, October 16th, 2009

If you’re thinking about refinancing your home, it can save many thousands of dollars over the life of a mortgage; however, home refinancing is not without peril. You have to be willing to make a sober assessment of your financial situation and conduct your own research before making the decision to refinance (refi) your [...]

Advice for FSBOs

Wednesday, October 14th, 2009

If you’re a homeowner that wants to save money by selling your home the For Sale by Owner (FSBO) route and don’t mind doing your own marketing, there are some steps you can take that will help prevent your home from languishing on the market. Here is some Internet marketing advice for FSBOs:

Join a [...]

Tax Incentives to Owning a House

Thursday, October 8th, 2009

Buying a home is a major financial commitment; however, taking this step affords the owner many significant tax benefits that they can enjoy year after year. The federal government has created these tax advantages in an effort to promote home ownership across the country. The tax rebate for first-time home buyers makes owning a home [...]

Fed Report Disappoints Louisville Real Estate Professionals

Tuesday, October 6th, 2009

The Federal Reserve issued its Beige Book report for July 2009 recently and the report indicated that the rate that economic activity declined in Louisville, other Eighth District cities and towns had moderated somewhat since the last report. When Business First of Louisville asked their contacts in Louisville commercial real estate and local home [...]