First-Time Homebuyers Now Is The Time To Buy!

    Why Now? Affordable prices, a high inventory of properties for sale, and low interest rates make this a great time to buy!

There is some research you should do before you contact a real estate agent to start looking for your dream home. You need to consider the location, and communities that will work best for you, and provide a lifestyle that will make you happy. How much have you saved for a down payment, and do you have job stability. By far the most important step to purchasing a property is to have your finances and credit in great shape. Talk to a local mortgage consultant and find out what your credit score is and if you need to work on paying off excess credit. Do not go out and make any big purchases before you consider buying a home.

Your lender will be able to give you the information you need to find out how much of a loan you can afford, what you need for a down payment, closing costs, and homeowners insurance. FHA mortgages are often a good option for 1st time buyers. Ask your lender what are the best options for you. Once you have the money for the down payment make sure you also set aside money for unexpected expenses and closing costs. Closing costs usually run from 3-5% of the purchase price. Mortage rates are based your credit, debt to income ratios, the size and type of loan, property location, and the day you lock in your interest rate. The lender must provide you with a good faith estimate explaining all your costs involved in obtaining a loan. The loan is not locked until the application is accepted.

Don't Look At Houses You Can't Afford!  I can't stress this enough. It will just frustrate and disappoint you. Contact a local real estate agent in your area after you have gotten pre-qualified by the lender.

You have until July 1, 2010 to find a home, secure financing and close the transaction to receive your $8,000 tax credit/downpayment. Contact us today to learn more about this program and to find your new home!

Click here to learn more about this fantastic program, FHA and other financing programs available to you, as well as to tour some of Northeast Florida's terrific homes, priced right for you and the market.

Want to get a head start?  Contact me today for your own private consultation. View our open houses as well as our Featured Homes to start your home search.  Visit the Homebuyer Resource Center to learn more about the $8,000 Tax Credit.  Within the Resource Center, you will find everything you need to find & purchase your next home, from a complete property search of all the homes for sale in the Northeast Florida Multiple Listing Service (MLS), mortgage calculators and pre-approval information; register and create a customized property search tailored to your specific needs and get notifications of new homes coming on the market that meet your specifications!  Prudential Network Realty... One Destination, Extremely Full Service!