75 More Days Until Tax Credit Expires
Time is running out for first-time buyers or anyone who hasn’t owned a home in the past three years to take advantage of the $8,000 federal tax credit. Considering the time it takes from the point of finding a home to closing, prospective buyers should act now, as there are only 75 days left to take advantage of the credit.
First-time buyers should act quickly in order to close by midnight on November 30 and qualify for the credit. The Get the REAL Story® campaign has made several resources for first-time buyers available on www.REALstoryNJ.com, including a frequently asked questions (FAQs) flyer on the tax credit. First thing to do is contact a REALTOR.
Terry Iwaniw
REALTOR Associate
ReSales & Investment Realty, LLC
Off: 856-795-3111 x263
Cell: 609-417-1086
http://snjrealestate.ning.com
http://www.snewjerseyhomes.com
Connect on Facebook – http://profile.to/terryiwaniw
Has this ever happened to you?
Another humorous, but true, scenario.
Call us now and we can show you how we can get you into your own place in a very short time.
Terry Iwaniw
REALTOR Associate
ReSales & Investment Realty, LLC
Off: 856-795-3111 x263
Cell: 609-417-1086
http://snjrealestate.ning.com
http://www.snewjerseyhomes.com
Connect on Facebook – http://profile.to/terryiwaniw
You Can Never Have Enough Privacy
This is a humorous video by NJAR (New Jersey Association of REALTORS) but there is a grain of truth.
Call me now and I will show you how I can help you solve this problem for you.
Terry Iwaniw
REALTOR Associate
ReSales & Investment Realty, LLC
First Time Home Buyer Specialist
Investor Liaison
HUD Home Marketer
Seller & Buyer Community
Off: 856-795-3111 x263
Cell: 609-417-1086
Connect To Me On Facebook
HUD Report Shows A Rise In New Home Sales
According to a report that was released this past Monday by HUD (U.S. Department of Housing and Urban Development), the sales of newly built single-family homes rose in June by 11%; this translates to an annualized rate of 384,000 homes.
Peter Morici, an economics professor at the University of Maryland, said “That is really good news, with all the foreclosure activity sending down home prices, for new homes to jump like that is a good indicator that the economy is bottoming out.”
A housing industry analyst for IHS Global Insight, Pat Newport, also commented about the report. “The tax credit is boosting demand, but what will happen when it goes away in December?” he asked. Excess inventory still exists in some key markets, such as:
- California
- Florida
- Las Vegas
- Arizona
Even with business getting better, the time for getting deals is going away fast.
Read the full news article on CNNMoney.
Terry Iwaniw
REALTOR Associate
R & I Realty, LLC
Off: 856-795-3111 x263
Cell: 609-417-1086
http://www.snewjerseyhomes.com/
http://snjrealestate.ning.com
Connect On Facebook – http://profile.to/terryiwaniw
For Sale: 16 Adams Ave, Berlin, NJ
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They’re called USDA Rural Development 502 Loans
There is another news announcement that “Buyers Being Lured to 100% Loan Program” that was in the recent issues of The Wall Street Journal. The article states that more buyers in search of home loans are turning to an obscure program operated by the United States Department of Agriculture.
Well, we wrote about this program a few months back. The blog entry detailed this little know mortgage loan program. The program allows no-money-down purchases. For those that qualify, a borrower can seek up to 102 percent, including a mortgage insurance policy. To quality, buyers can’t have income that exceeds 115 percent of the median county income. Additionally, the loans are restricted to low-density areas (usually towns of no more than 25,000 residents). The loans are made by private lenders, which are then insured by the government.
For more information, contact your personal mortgage representative. Or, if you don’t have one, we can highly recommend a few that we have done business with and have been completely satisfied with their service, as have our clients. Just contact us by calling 609-417-1084.
Find your next home at our new and updated web site.
Loads of Changes!!
There a quite a few changes here at I Team. One change is that we now have access to the Jersey Shore MLS (Ocean County). So, if you want to know any information about any property being marketed in Ocean County, just let us know the MLS# or other information and we’ll be more then happy to send you the details on it.
Linda & Terry Iwaniw
REALTOR Associates
Resales & Investment Realty
Linda’s Cell: (609) 417-1084
Linda’s Email: lindaki@comcast.net
Linda’s Website: www.sjerseyhomes.com
Terry’s Cell: (609) 417-1086
Terry’s Email: realtorinsnj@comcast.net
Terry’s Website: www.snewjerseyhomes.com
Our E-Fax: (856) 494-1619







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