Closings !!

Well they are now happening more frequently. They are a little more difficult than years before, but never the less they are happening.

I have just gone through a lengthy process with a customer that is not only taking advantage of the first time home buyers tax credit. But, also they are taking advantage of a down payment assistance program offered through the city of St. Petersburg. In today's market, any bit of assistance is beneficial.

The one thing any consumer needs to realize is that there are quite a few things that they need to do along with their Realtor and Lender. Speaking of Lenders, I have found one that is very much on top of these programs, and goes above and beyond to assist the buyer navigate the process.

From a Realtor standpoint there is also more to manage in the transaction. With the appropriate Customer, Lender, and Realtor as a team this process can be less painful.

Requirements are much stricter than an FHA inspection and appraisal. In my opinion Cities want to limit any issues that buyers will have, and little to worry about when they take possession. As well as looking out for their interest also.

With the amount of foreclosure properties, short sale and neglected properties, the search is more in depth. These programs work the best on resale or new homes with little to no work needed. Having said that, I have just completed a transaction that has all the complications!

So, when looking for a Realtor, choose one that has been through the processes. A Realtor that knows what is expected from all parties to the transaction.
Transactions are tough enough. But, when you add other programs that get involved with the close, disaster can happen sooner or later.

On that note, happy hunting, there are plenty of homes to choose from and plenty of properties out there.