Archive for August, 2009
Six Excellent Reasons To Get An Appraisal
August 12th, 2009 Categories: Brandon, Tampa, Valrico
Every year, countless people in the United States buy, sell or refinance their own slice of the American Dream. Most, if not all, of these transactions include a simple line item for an appraisal. It has become an understood and accepted part of a real estate transaction. “Let’s bring in the expert and make sure we’re not spending too much on this property.”
But is this the only reason to get an appraisal? Are there other times when the services of a certified, licensed, independent real estate professional might come in handy? You bet.
PURCHASE OF A HOME- One of the most important issues involved in purchasing a property is developing an opinion of what it’s worth so that you can make an informed offer to purchase. A professional appraisal report performed by a qualified, state-licensed appraiser can provide you with an objective, third party opinion of a property’s current Market Value. And for the small price of this service, you can give yourself “peace of mind” prior to making an offer to purchase that you’re offering a fair price for the property. Read the rest of this entry »
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Tax Credit Can Be Used on Closing Costs
August 6th, 2009 Categories: Credit & Financing, First Time Home Buyers
Recently, FHA-approved lenders received the go-ahead to develop bridge-loan products that enable first-time buyers to use the benefits of the federal tax credit upfront, according to eagerly awaited guidance from the U.S. Department of Housing and Urban Development (HUD) on so-called home buyer tax credit loans that was released today.
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What is P.I.T.I. ?
August 2nd, 2009 Categories: Credit & Financing, Diamond Dwellings, First Time Home Buyers
NO! You’re thinking of a Greek pocket bread for sandwiches.
How Can PITI Figure Into Your Monthly Budget?
If you are in the real estate business, you are probably familiar with the acronym: P.I.T.I.
This is one acronym that first-time home buyer should know about and it’s a handy, simple group of letters — that could save you money and help with your monthly budget planning concerning your house payment. Read the rest of this entry »
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