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Items of interest on Real Estate in the Northwest and Western Suburbs of Chicagoland
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If you want to get he $6500 tax credit being offered by the government, you need to have your property listed for sale right now! That is 107 days from today, does this seem like plenty of time? In order to receive the credit, you must be under contract for your new home by 4/30/2010. But FIRST you have to sell the home you own right now! Lots of people say the Spring Market starts the day after Superbowl, but I wouldn't wait that long if you hope to make the 4/30/2010 deadline! In addition to that you want to beat your competition to the market. Lots of homeowners have taken their property off the market over the holidays, but these properties will be coming back to market for the Spring Selling Season! Don't delay, call or mail today for information and let's get your home listed so we can find you the home you desire! email nina@ninarocus.com or call 630-776-5263
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Finally the 1st Time Homebuyer Tax Credit has been extended! To qualify all contracts need to be in effect no later than April 30, 2010 and close not later than June 30, 2010. Also, current owners who have occupied a primary residence for 5 consecutive years during the past eight years may qualify for a $6500 tax credit. For all the details, visit my website www.ForSaleByNina.com and click on the HomeBuyer Tax Credit button or call me 630-776-5263 or Email me at nina@ninarocus.com
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I am sure you are tired or hearing me say this, but I must say it once again! Time has just about run out for 1st Time Homebuyer's to get the $8000 tax credit. You must close on or before November 30, 2009. Seems like lots of time you say.....think again! Right now the average loan is taking 45 days to be processed thru to closing. And that is if there are no significant problems. Let's see.....doesn't seem like quite so much time now does it? You truly need to target your closing date for the week of November 16th. Don't wait till the last day, 11/30/09 is the Monday after the Thanksgiving holiday weekend. If you end up with a delayed closing on the final day, you will not qualify for the tax credit! $8000 in free US Government money is a lot to loose out on!!!! Let's get going today, call or email and tell me how I can help you find your first home now! nina@ninarocus.com or 630-776-5263!
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Attention all 1st Time Homebuyers, do not wait another minute....In order to take advantage of the 1st Time Homebuyer's Tax Credit you must CLOSE on the home of your dreams before DECEMBER 1, 2009! It's almost the end of July, that gives you just a little over 4 months to get this accomplished! Now that might seem like a lot of time to you, but don't wait until the last minute to get this process started! Lender's now have more restrictions on their process and it does take longer to process your loan than it did a couple of years ago. You do not want to miss out on this opportunity because you missed this deadline. Once you find your home, plan on the process taking about 45 days, if it less great but don't take a chance of missing this deadline! To see all the "rules" about qualifying for the 1st Time Homebuyer Tax Credit, click here! If you still have questions call me 630-776-5263 or e mail me at nina@ninarocus.com I am always here to help! Now stop reading this and get going! Search for your home at www.ForSalebyNina.com!
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First time homebuyers, you have less than 5 months left to find and close on your first home! In order to receive the $8000 1st time homebuyer tax credit, you must close on your home by December 1, 2009. Not sure what this is all about, need to find out the details? Just click here and find out 1st Time Homebuyers Credit Still have questions, send me an e mail, nina@ninarocus.com or call me anytime 630-776-5263. I will be happy to answer any additional questions your may have! Let's get out there and find your 1st Home!
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Here is somthing I think all first time home buyer's should take a look at..... Here is a link to Illinois Association of Realtors President Pat Callan's video http://www.youtube.com/watch?v=VGHPf0YmrTI on key housing provisions in the American Recovery and Reinvestment Act. In it, Illinois residents will learn how they can benefit from the $8,000 first-time homebuyer tax credit, increased Illinois FHA loan limits and energy-efficient housing tax credits. It's great info, please take a look! If you have questions about anything in the video, post them here or email me directly at nina@ninrocus.com or call me at 630-776-5263!
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Business Week Magazine has recognized Itasca as the "Best Affordable Suburb in Illinois with the highest quality of life," you can't beat that! Here's a couple of things that I think helped Itasca get this accolade: Free Garbage pickup and waste removal No Vehicle Sticker Fee No 5% utility tax on phone, electric or gas bills The best 4th of July Fireworks display in the Suburbs Beautiful downtown area Access to Downtown Chicago via the Metra Easy Access to expressways- I 290, Elgin-Ohare, I 355 First Illinois Community designated as a Safe Community of America
Have questions about Itasca? ask them here or email me direct nina@ninarocus.com or call 630-776-5263!
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Whether or not you like Jim Cramer's Show on CNBC, on yesterday's show he told everyone in no uncertain terms that IT'S TIME TO BUY! Here is a link to view the video of the portion of the show where Jim talks about this and tells you why.... http://www.cnbc.com/id/15840232?video=1065098799&play=1 It takes a few seconds to load, they have to throw in a bit of advertising first! If you have never seen Jim's show you may be surprised. He's not your average Business Show Host.
He's a little "off the wall" but he has a loyal following and since he first started his show he has calmed down some, and I feel is doing a fair job of trying to educate people about investing and general market information. If you don't follow the daily ups and downs of the markets and the economy, some of this may be a little confusing, but the main point is IT'S TIME TO BUY A HOUSE! Please take a look and if you have questions or comments, give me a call, send an email or post a comment!
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Koenig and Strey Western Offices Open House Extravaganza Stop by to visit our open house at 327 Red Rock, Copper Springs Subdivision, Elgin. Get a free green recycle bag and be entered to win a $50 gift card. If you have questions, e mail me nina@ninarocus.com or call me at 630-776-5263
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First-time Homebuyer Tax Credit • Available to first-time homebuyers! • Credit amount up to 10% of the home's value, not to exceed $8,000 • Eligible for homes purchased on or after January 1, 2009 and before
December 1, 2009 • Available on single-family detached homes, townhomes and condominiums • Buyers qualified for full tax credit are single taxpayers with incomes up to$75,000 and married couples with incomes up to $150,000 • The tax credit does not need to be repaid as long as the buyer does not sell the home within the first three years and it remains their primary residence. Have Questions? Post them here or call 630-776-5263 or email me at nina@ninarocus.com
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Mortgage rates are down, if you are ready to buy a home and plan to stay in it for several years, this is just one more factor that is in your favor. What are the others? Prices are way down and seller's are highly motivated, there are a lot of bargains to be found. Take a look at this link to see the article related to the recent rate reductions: http://www.realtor.org/RMODaily.nsf/pages/News2008112105?OpenDocument Have questions or comments? Post them here or call or email me directly. Have a great evening!
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You may have heard the names Fannie Mae and Freddie Mac quite a lot recently with all of the housing stories in the nightly news segments. Here is a link to a page on the Freddie Mac website that talks about Foreclosures and may help you understand the process a little better and perhaps have answers to some questions you may have. http://www.freddiemac.com/corporate/buyown/english/avoiding_foreclosure/index.html As always, if you have a question that wasn't answered, or would just like to make a comment, please post it here!
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My last post was a little bit about short sales, this is related. Right now Century 21 has put out a call to action to all of our brokers and associates to find a least one family and help them to Save the Dream of homeownership and help them reach out to their lender. In my last post I mentioned the best thing to do is to contact your lender to try to work our some arrangement to stay in your home. The Mortgage Bankers Association reports shows than 50% or homeowners who do lose there homes to Foreclosure have never once contacted their lender. To help you avoid foreclosure here are 2 sites to take a look at: Guide to Avoiding Foreclosure (US Dept of Housing and Urban Development) The HOPE NOW Alliance and the Homeowner's HOPE Hotline (1-888-995-HOPE) As a realtor I am here to help you with all your real estate needs, buying, selling, and saving your home.
If you or anyone one you know needs help getting information, don't hesitate to call. Don't wait till it's too late! I worked in the mortgage industry for many years before starting my real estate career. I have a lot of background knowledge other realtors may not have. I am ready to use it to help you, all you have to do is call or e mail me. Questions, you can post them here! Have a great weekend!
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If you know someone who is struggling to make their mortgage payments, the best thing they can do is communicate with their lender. Have them ask for the Loss Mitigation Department or the Work Out
department. Lenders do not want to be owners of real estate, they will try to work with you if it's at all possible. If you know someone struggling to make mortgage payments due to unexpected health issues, divorce, transfer or job loss, or hugh rate increases don't let them go into foreclosure! It is much better to try to do what is called a "Short Sale" where the lender agrees to take less for the property than was originally owed. Tell them to contact me, I can help! Here are some reasons to try a short sale instead of going into Foreclosure: Negotiated setttlement as opposed to a court settlement Seller's credit will just be bruised instead of ruined No attorney fee-with Foreclosure BIG attorney fee! May be able to buy again in 2 years, with Foreclosure will wait 10 years
If you have any questions about the Short Sale process, post them here or email me for a private response. I am here to help!
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