Southeastern Michigan Homes For Sale

For Buyers


Buying a home is an exciting time in one's life. Making the smart move of choosing a REALTOR® is your first step to ensuring that your new home and community meets your needs. My services and experience range from financial aid to helping you find the home that best suits you and your family. For your convenience, I also provide listings by email. I pride myself on repeat business and hope you'll come to understand why.

 

GREAT NEWS FOR ALL HOME BUYERS

 

First-time home buyers and repeat buyers

now can take advantage of the extended tax credit offered.

 

Up to $8,000.00    for first-time buyers.

 

Up to $6,500.00    for repeat buyers.

 

Some important facts

  Purchase agreement must be approved between November 7, 09 & April 30, 2010

  The transaction must close by June 30, 2010

  Purchase price of $800,000.00 or less

  Repeat home buyers are not required to purchase a more expensive home than their current home to qualify.

  The new home must be your principal residence.

  Repeat buyers must have lived in one house for five consecutive years of the last eight years before the purchase of the new home.

  First-time home buyers cannot have owned a principal residence for a three year period prior to the home purchase. (Including both partners of a married couple)

  It is possible to claim a 2010 purchase on the 2009 federal tax return.

  Tax credit – Not deduction. The credits offer a refundable dollar-for-dollar reduction in what the taxpayer owes. For example, a taxpayer who owes $10,000.00 and qualifies for the full $8,000.00 tax credit would only owe the IRS $2,000.00. This offers a greater savings than a tax deduction.

  The term “refundable” means that either of the home buyer credits can be claimed even if the taxpayer has little or no federal tax liability to offset. If the qualifying credit exceeds the taxpayer’s liability, the government will refund the difference.

  A helpful web site is www.federalhousingtaxcredit.com

  A more helpful website is www.WillSteinmetz.com

 

For more information about this exciting opportunity and any other real estate related questions please call on us. We have been proudly serving our community since 1986.

 

Happy New Year!  May 2010 be your best year ever!

How I Can Help
Before you start looking
Closing Costs

As Your Agent, I Will:

  • Assure that you see all the properties in the area that meet your criteria.
  • Guide you through the entire home buying process, from finding homes to look at, to getting the best financing.
  • Make sure you don't pay too much for your new home and help you avoid costly mistakes.
  • Answer all of your questions about the local market area, including schools, neighborhoods, the local economy, and more.

Before You Start Looking For Your New Home:

  • Check your credit rating. Straighten out any errors before its too late.
  • Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
  • Find a loan program that meets your needs and get pre-qualified (preferably pre-approved).
  • Choose a REALTOR® that you trust and who understands your needs.
  • Determine what neighborhood best matches your needs.
  • Identify important features you need your new home to have.

Closing Costs to Expect:

  • Lender fees include charges for loan processing, underwriting, preparation and establishing an escrow account.
  • Third-party fees include charges for insurance, title search, and other inspections such as termites.
  • Government fees include deed recording and state & local mortgage taxes.
  • Escrow and interest fees include homeowner's insurance, loan interest, real estate taxes, and occasionally private mortgage insurance.

Find out how much your closing costs could be.

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Will Steinmetz