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Summer is the perfect time to move. Thanks to Daylight Savings, as well as the season, the sun is out later to make house hunting and moving easier. Most schools are out of session in the summer, so you'll be able to get moved in before the school year starts. If you plan to live in a home for at least 5 years, it may make sense for you to buy.
If you haven't owned a home for at least three years, you may qualify for buyer tax credits of up to $10,000, as well as special financing. If you currently own a home, be advised that the market conditions have probably changed from when you purchased, and you should check to see how new financing guidelines may affect your purchase of additional property.
If you haven't owned a home for at least three years, you may qualify for buyer tax credits of up to $10,000, as well as special financing. If you currently own a home, be advised that the market conditions have probably changed from when you purchased, and you should check to see how new financing guidelines may affect your purchase of additional property.
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Before you start looking it is important to know your price range. How much cash do you have available for a down payment and closing costs? How much can you afford to pay each month for housing? Your lender will work out which financing is most appropriate for your needs. FHA loan limits are being raised to over $200,000.
Sometimes it makes more sense for people to rent than to buy. This is particularly true if they are only going to be in an area for a few years. It often makes sense to rent for a year or two before buying if you are new to an area. In addition to selling homes and investment properties, I manage single family houses and condominiums as rentals for clients.
First you need to know what your home is worth in today's market. I will prepare a detailed market analysis for you of your property, showing you the range in which your home will probably sell. Often the price can very based on the buyer's financing situation. Generally sellers get higher prices when they are asked to make other concessions, such as paying a portion of the buyer's loan fees.
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