Tax Credit Extended AND Expanded

Due to the overwhelming success of the First Time Home Buyer $8000 Tax Credit in stimulating the housing market, the Federal Government has extended it into the spring 2010. First Timers must be under contract on a home by the end of April and must close by the end of July to get the $8000.
Even more exciting, the credit has been expanded to other buyers who are selling a home (must have owned it for 5 out of the past 8 years) and repurchasing another home. They will be in line for a $6500 credit. This will help to offset equity losses that current homeowners have suffered over the past couple years.
If you fit either of these buyer scenarios, contact me NOW to start the process of selling your current home and/or looking for a home. Don't wait too long because we expect the Spring Market to start early this year (January) as many will be trying to make the deadlines to qualify for the Tax Credits.

First Time Home Buyers $8000 Tax Credit Expires Soon!!

If you're a first time home buyer who has been looking for awhile now, or you have only been thinking about it--you MUST ACT IN THE NEXT MONTH or you will lose the opportunity of a lifetime.
The First Time Home Buyer Tax Credit will expire on Nov.30th, 2009--your home purchase must be closed by then.
What this means to you is that you must find a home and be under contract on it by mid-October at the latest. That would give you 6 weeks to apply for a mortgage and be able to close by Nov.30th.
Understand this: we will probably never again have this tri-lateral opportunity of low home prices, historically low mortgage rates and on top of that, an $8000 Tax Credit!!
If you miss this opportunity, I'm predicting that you will regret it for a very long time.
With this triune opportunity about to expire, if you've been looking--make up your mind now and just do it! If you haven't even started looking yet, then call me and we'll storm the real estate market together and we WILL find you a great home in time.
If you're renting right now, do you realize that you could probably be a homeowner for the same monthly cost? The only difference will be that you will have many tax advantages, you'll be able to paint and decorate in any way you wish, and you'll have the pride that comes only to those who own their own homes.
Call or email me today--do not delay, because in this case time truly is money ($8000 to be exact!)
Hope to hear from you soon,
Brenda
brenda.flower@nemoves.com

Great Time To Buy!

There's been a lot of shake-up in the U.S. Economy in the past year. Many saw retirement funds lose value. Mutual Funds, stock investments continue to fluctuate. But there is one thing you can be sure of: Real Estate is still the best, most stable investment you can make. You just have to know when to buy and when to sell!

And boy is it ever a great time to BUY! It isn't too often that we see the conjunction of lower home prices AND lower mortgage rates. But that time is now. Please see the following:

http://www.realtor.org/pac.nsf/files/Ad07Buy_Sell_Family.pdf/$FILE/Ad07Buy_Sell_Family.pdf


Call me for much more information about home buying opportunities in the Western MA and North Central CT areas...413 263-3880 or 860 205-5683

Great "Move-Up Market"

Sure Real Estate has seen a slow down over the past several months, but it appears to be levelling off in the Greater Springfield area.In the meantime...

What a great time to "move up" to a bigger/more expensive home. For example, if you think you could have sold your home a year ago for $220,000, but now would get only $200,000, you're still OK, because the home you can now buy for $300,000 is the same home you would have paid $330,000 for a year ago! You may get $20,000 less for yours, but you're paying $30,000 less for your new home!!

Think about that! It's actually an ideal time to upsize or upgrade. Mortgage rates are still quite low as well, so go for it!!

Agawam MA homes became more affordable today!

Sure enough--the Fed cut the Prime Rate by 50 basis points (1/2%) today! This should translate into even lower mortgage rates (which averaged 6.31% last week).

Between lower mortgage rates, lower home prices and a large inventory of homes, this could be one of the best opportunities in awhile to buy and sell. The merging of these 3 factors won't last forever so hesitating buyers and sellers may want to move ahead now.

Renter ready to buy in Agawam,MA?

Renters tired of kissing their rent money goodbye every month should seriously consider buying an entry level condo this fall. In the Agawam area, there are several for sale in the $80,000 to $150,000 range. With a condo there is no exterior maintenance costs so you won't need to purchase lawnmowers,rakes,snowblowers, exterior paint, roofing, siding, etc.

Rates dropped this past week and are expected to drop next week when the Fed meets. This could qualify renters who could not previously afford to buy a place. If the renter has decent credit and a few grand (get help from relative if you have no cash reserves) there are still 100% mortgage loans available, through solid direct lenders who will be up front with their terms and won't leave you stranded at the closing table!

With lower home prices and reduced mortgage rates, it's actually a great time to become a "first time homebuyer" . Call me and I'll walk you through the entire process from financing to home inspections to insurance and utilities sign-ups.
Brenda 413 263-3880

Agawam, MA Real Estate-some selling in just days.

Some real estate is moving VERY quickly in Agawam, MA. In particular, entry level single family homes (priced up to $275,000) and condos (priced up to $150,000) are going under contract in just days! With mortgage rate cuts this past week and anticipating another sizeable cut on Sept. 18th, it's a great time to sell these entry level homes. If you've been holding back for several months, watching what the market would do, now just may be your time to sell and/or buy! Call me at 413 263-3880.