Monday, December 20, 2010

End of 2010

With December coming to a close; we can look back and reflect on the roller coaster effect 2010 had on many of us. This year had it's ups and downs, but 2011 is beginning to look as though it'll be a more stable year; at least for us in the real estate market. I begin training this week to join a group of agents in educating Indiana residents of "employer assisted housing". The beautiful thing of "employer assisted housing" is this is a cost contained program. This program offers buyers the ability to gain 3% of purchase price at closing towards down payment with no repayment of this money. Sound too good to be true? There are a few stipulations. Your employer must fall under the network of employers; over 6,000 in Indiana. It's quite likely your employer is listed under this network and doesn't even know it! The 3% given to the purchaser is taxed by the government. This also helps stimulate the economy by increasing state tax dollars. The final contingency is for the purchaser to complete a short homeownership course online and 6 hours community service; all still a great deal for the buyer. This could be your first home, second, vacation or you could be an investor. It doesn't matter. All that is asked is for the above criteria to be covered. Want additional information? Contact Mallorie Wilson. Begin your 2011 by becoming a homeowner! Let me help you make homeownership a reality!

Thursday, November 11, 2010

Want 3% of Purchase Price at Closing? Who wouldn't!!

The recent expiration of the tax credit caused a halt in home sales. It appears buyers have been holding out, in hopes the government will install a new program, inducing buyers to purchase a home. Truth is, it's slim to none we will see this program again. We may see a replacement of some sort; my guess with a repayment plan, but by no means to the extreme we just witnessed. This is the most opportune time for a buyer to take advantage of the current market conditions. Historically low interest rates, coupled with rock bottom pricing, are what we would call the ideal buyers market. For those awaiting a new incentive plan, it's no telling when or if a new tax credit will be put in place.

I've recently teamed up with an agency handling relocation and housing benefits. This agency handles a network of employers that offer their employees 3% of the purchase price at closing. How do you establish if your employer is one of these 6000+ businesses? You may first consider speaking with your HR rep. It's possible they have no knowledge this benefit exists. Many employers received this benefit by joining their area chamber. Some may be thinking, 3% at closing, what's the catch? The catch is they want you to pay taxes on the money you've received. You could be a first time home buyer, a repeat purchaser or an investor purchasing his or her 10th home. You could be an intern or an executive within your company. The beauty of this program verse others is the lack of stipulations. No income barriers or limitations to first time or owner occupied homes only. For more information and to see if your employer is one of these 6,000+ businesses; contact .