So, with all the conflicting news – prices are down, sales numbers are up, but the median is falling, what to think? Take it from a real estate professional, people are still buying and selling – every day, all over the country. Prices are indeed down – don’t think they aren’t, but if you’re thinking of jumping into the market, remember that you’ll be able to get way more for your money in this market, than in any I’ve seen in my 10 years. You will take a hit if you have something to sell, trust me, you will. But if you can move up an extra level now, might that not make it worth it? My point in all if this is that all of these contrary things are happening at once, and even though it’s daunting, it may be the best market we’ve ever had for certain situations.
Special Fannie Mae HomePath Buyer Incentive Offer
There’s great news from Fannie Mae: Buyers may be eligible to receive up to 3.5% in closing cost assistance through June 30, 2011 as part of the HomePath buyer incentive.
To be eligible for this incentive, the following qualifications must be met:
Buyers and/or selling agents must request the incentive upon submission of the initial offer in order to be eligible.
The initial offer must be submitted on or after April 11, 2011 and close by June 30, 2011. If an initial offer was made prior to the effective date, the offer is not eligible for the incentive.
The sale must close on or before June 30, 2011. No exceptions will be made to this deadline.
Only buyers purchasing a HomePath property as their primary residence may receive up to 3.5% in closing cost assistance. Second homes and investment properties are excluded from the incentive.
Buyers must sign an Owner Occupant Certification Rider to the real estate purchase addendum.
If the buyer’s total closing costs are under 3.5%, the difference will not be available as a credit to the buyer.
Keep in mind that offers submitted after May 15, 2011 may be difficult to close by the June 30, 2011 deadline.
Contact me for specific details on this incentive offer and for all of your Fannie Mae HomePath financing questions. I’m always happy to help you in any way I can!
So, I attended this great technology for real estate professionals conference last week, and since then have been overwhelmed trying to do everything at once – obviously not the way to go :). My real dilemma is whether or not social media will overtake my real social interactions with clients and friends to help me widen my list of clients. Can a face to face cup of coffee really be replaces with updates from my facebook page? I suppose time will tell, and that I should be doing them both and trying to track the results. I do worry that I’ll bore/annoy my friends on facebook by constantly talking about business. Tell me, are you annoyed yet?
My first blog post! I’m attending a conference right now about technology for real estate, but have some fun new apps to recommend as well! 360 Panorama & UStream. Check them out!
chicagoliz 