If youve been waiting for years to afford a Fort Lauderdale real estate home, now you can through the first-time homebuyer credit. You might have heard of this as the stimulus package introduced in February 2009. This act gives up to $8,000 credit to first-time homebuyers like you. But you have to act fast because buyers are required to close before April 30, 2010 in order to obtain the full credit. And if you're aching for the place to find...more
Buying a home is huge step and a crucial decision to make for a couple. However, everything will be all right if you are on the right track. Listed below are some of the few simple tips to follow to save on your first home.A five percent savings on your deposit account will help a lot with your first application and will reduce your interest amount as long you get your deposit in tack.Knowing if one is eligible for the First Home Owner Grant or...more
The recent influx of a large number of foreclosed homes in the real estate market has presented home buyers and investors with the unique opportunity of purchasing a house at highly reduced rates and now with Miami foreclosures offering a wide range of properties in some of the most sought after residential areas in the country there has never been a better time to make a lucrative real estate investment.Why to buy a foreclosed home in Miami?Located in the US state of Florida, the scenic city of Miami offers a wide range of benefits for home buyers some of which have been listed below:1.Housing incentives The state of Florida has launched various foreclosure assistance programs for buyers interested in purchasing a home some of which include tax credit abatements schemes and low interest loans.2.Quality lifestyle This beautiful coastal city offers its residents a wide range of amenities and a quality lifestyle at a comparatively low cost of living which makes buying a property in this region an ideal option. 3.Premium educational institutes Home to a select number of nationally recognized colleges and quality schools including the deemed Florida International University and the...more
Investing in condo foreclosures can be a very cost effective way of owning a comfortable house. Condominiums are composed of a group of residential buildings in which the facilities are commonly shared such as pools, play ground and park while the residential apartments are individually owned. This residential option available in a condominium is...more
Foreclosure process is a procedure which starts when a home owner is unable to pay the loan amount unpaid to the lender or is unable to pay taxes outstanding to the government departments. In both cases the Lender or Government issues a Lis pendens which is a notice for the start of the pre-foreclosure process. Home Owner is given a certain time...more
Just recently the U.S. House of Representatives decided to pass a new bill that will grant an extension and expansion of the Federal Tax Credit for First-time Home Buyers. This extended tax credit will be good through April 30th, 2010 that now also includes a 60 day extension should there be a binding contract in place prior to the deadline.The tax credit for first time home buyers will still stand at a tax credit of up to $8,000. Existing homeowners however, will receive a reduced credit of up to $6,500. In order to for existing homeowners to be eligible for the $6,500 tax credit, they have lived in their current residences for at least five years. Another change in the bill is an increasing of the qualifying income limits. Single tax filers income limits were once $75,000 and joint filers were once $150,000. The new qualifying income limits are $125,000 for single tax filers and $225,000 for joint filers. The purchase price of the home is capped at $800,000. These new changes are aimed to encourage existing home owners to sell their first homes in exchange for purchasing larger and more expensive homes, basically their dream homes.Additional stipulations in the bill...more
Due to the current recession, many people are facing great difficulty in buying houses that truly are affordable for them. Government grants for first time home buyers could be the solution. You too can purchase the home you always wanted with the...more
Fixing and flipping houses, no doubt, is a good source of additional income. Especially today when the economy is still reeling from the recession, it literally pays to have extra money. Its attracted the spotlight that even online education about...more
Nowadays, more and more people are encouraged to venture into the real estate business. This business can be very lucrative especially if you have gotten yourself familiar with the basic dos and donts prior to even starting anything. REIwired is your...more
Many people are venturing into the real estate today. REIWired.com is the perfect site to browse on if you want to find out about how to get into the rehabbing houses. In this article, REIwired.com shares with a few tried-and-tested tips on how one...more
Wholesaling houses is considered the perfect entry job when it comes to real estate investing. Its less complicated to do compare to other forms of investing. However, just as in any business, a small error can swell into something huge. So before...more
If you are a first time home buyer who is looking for an affordable property with less maintenance compare with regular home, Bountiful condominiums is what you are looking for. Being in a condo is a perfect place for those people who don't want to...more