Top 5 Mistakes New Homeowners Make
A re you in the market for a new home? Buying your first place can be rewarding but also a bit scary. Your ultimate goal is to find a home you love at a price that you can afford. However, many first time buyers make costly mistakes that can put the brakes on their home ownership dreams. Here are the 5 top mistakes that new homeowners make and ways to avoid them. 1. Not knowing what you can afford Many first-time homeowners get so caught up in excitement of purchasing a home, that they have no idea what their budget is or what they can afford. Consequently, they end up looking at homes that are out of their price range, fall in love with houses that stretches their budget and then get discouraged because they are forced to look at homes in a lower budget....
Why you should relocate to Arizona
T hinking about purchasing Arizona real estate? Each year thousands of people move to Arizona because of a career move, to be closer to family, or because they just need an escape from the cold weather. If you are contemplating whether or not you should buy a home and live in Arizona , here are a few reasons in favor of relocating to the “Valley of the Sun:” 1. Arizona Real Estate: Even though the economy is struggling, the best deals to be had in Arizona are right now. Whether you need a 2 bedroom condo, a small adobe house or luxury estate, Arizona has a variety of homes to choose from for every budget. For example, if you want to live out of the city in a town such as Queen Creek, you can get a brand new 2,700 sq ft home with incentives for under...
Home Buyer Tax Credit could be extended
C ongress is working on a plan to extend and expand the home buyer tax credit which will cost taxpayers $10.8 billion dollars. More details include: $8,000 tax credit is available for first-time buyers or those who have not owned a home for 3 years. Homeowners who buy a new principal residence after living in their current home for at least the last five years can claim up to $6,500. Credit is available for homes that go under contract by April 30, 2010 and close within 60 days after that Income limits are $125,000 a year for individuals and $225,000 a year for married couples. The plan will include anti-fraud measures such as minimum age requirements and additional authorities for the IRS If you are a first-time homeowner, don’t wait for Congress to...