Most of my current clients are first time home buyers from around the country.  I have had the opportunity over the last several years to close over 400 transactions.  I have never seen such a great opportunity for first time or move up home buyers!  There are great deals out there in every price range. 

 

My fear is that as we get closer to the expiration date of the first time home buyer�s tax credit on November 30th, the competition will get hotter for the most affordable homes. 

 

Recently I have seen the most outstanding deals available in the Tampa areas in these areas:

 

1. 100% USDA Rural home loan program in Mid to Eastern Pasco county
2. Foreclosures are great deals if you can find one in good condition
3. Short sales are also good, and the banks will sometimes pay closings costs and/or make repairs, if needed.
4. Luxury homes and second homes: loan options are not favorable for these types of properties, therefore if you can qualify, you can get a really nice deal.

 

I have several listings in move-in condition that are traditional sales by owners with equity.  This will give you the opportunity to ask for closing costs, have a quick closing and not have to do any work after closing.  Ask to see my listings!

 

Remember it�s a buyer�s market!  The deals are out there, let me help you find them.

 

 

Janet Montano, Broker Associate, Remax ACR Elite

jmontano@janetmontano.com

813-956-3563

I have spent almost all week working with first time home buyers. It does my heart a world of good to see them looking at homes and getting prequalified by lenders.
For so long, Realtors couldn�t help them. Move up buyers, cash buyers and investors with larger down payments were knocking them out of the market.

Now it�s first time home buyers time! Look at these reasons to buy your first home:

1. $8,000 tax credit. You can amend your 2008 tax return and get that check now!
2. USDA Rural Program with 100% financing and no PMI. Who needs subprime when you have this? Any lender can do this loan and rates are very low. No mortgage insurance. In the Tampa area you can buy in the New Tampa/Tampa Palms area and in Pasco county from the Suncoast over to Wesley Chapel. By the way, that�s also where property taxes are some of the lowest around.
3. Prices have hit bottom. Realtors know before the media does. If you wander through my Remax office, you�ll see agents �high 5�ing� each other. The phones are ringing and everyone is busy showing real estate. Inventory is plentiful. I showed 2 houses today that were priced around $150k that were not short sales and were in move in condition. 3 bed, 2 bath, 1 or 2 car garages. One even had a nice pool.

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