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Caitlin Phillips

Ann Arbor Real Estate, are visions of your Dream Home dancing in your head? If this vision has a less than 200K price tag, you better hop on down from that perch, and let's get started!

OK, Ann Arbor. It is the countdown to the first time buyer tax credit deadline. The Sales Numbers have hit a record high this summer season, and the inventory of great homes under 200K is dwindling. So, CLIMB DOWN FROM THAT FENCE, and lets get your home search started!

To be able to take advantage of the 8K first time homebuyer tax credit, you should act fast, (Nov 1st) and begin the homesearch with a credible buyers agent today! Below are a few links that may assist you in getting there...

Sign up for our Prudential Virtual Real Estate Office at my Website

http://www.CaitlinAmanda.com

Visit my Blog

http://www.AnnArborsRealMarketchat.com

View my Web Television Series to learn about the Tax Credit

http://www.takeonewashtenaw.com

Ann Arbor Real Estate, attached are the market stats for June 2009! Time to buy is NOW!

Ann Arbor Area Board of REALTORS® The sales figures for June, reported by the Ann Arbor Area Board of REALTORS®, show some stable market activity, and a few bright spots. The number of units reported sold is slightly under last year, while modest increases in sale price are beginning to show up in Ann Arbor, Ypsilanti, Whitmore Lake, and Saline. Nationally, pending home sales show a sustained upward trend, rising for four consecutive months with very favorable housing affordability and a firsttime buyer tax credit boosting activity, according to the National Association of REALTORS®. Lawrence Yun, NAR chief economist, cautions that there could be delays in the number of contracts that go to closing. “Closed existinghome sales have improved but are coming in lower than expected because some contracts are delayed or falling through from the application of new appraisal rules for many transactions,” he said. “Rises in contract activity show buyers are becoming more active even as they face much more stringent loan underwriting standards. Speedy clarification of the appraisal rules could smooth a housing market recovery and support the overall economy.

Welcome to the Ann Arbor Art Fairs. Attached are some tips, the LINK,

Welcome to the Ann Arbor Art Fair!

Feel free to use this link to assist you to navigate through Ann Arbors Art Fairs

Enjoy and Do NOT forget Sunscreen, Water, your best Sunhat and Walk Shoes...

Most importantly! DO NOT FORGET YOUR CHECKBOOK!

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ANN ARBOR REAL ESTATE FIRST TIME BUYERS! READ ALL ABOUT IT THE FHA LENDERS WILL BE ALLOWED TO USE YOUR TAX CREDIT AT THE CLOSING TABLE!

HUD Announces $8000 Tax Credit can be used as downpayment for Homebuyers

News from NAR - Washington D.C.

Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.

Donovan's remarks came in an address to several thousand REALTORS®, including 130 from Michigan, who are in Washington D.C. this week for the annual REALTORS® Midyear Legislative Meetings & Trade Expo.

Secretary Donovan said that important changes, which the National Association of REALTORS® has been calling for, will help consumers purchase a home. "We all want to enable FHA consumers to access the home buyer tax credit funds when they close on their home loans so that the cash can be used as a downpayment," Donovan said. According to Donovan, the FHA's approved lenders will be permitted to "monetize" the tax credit through short-term bridge loans. This will allow eligible home buyers to access the funds immediately at the closing table.

For full story, please visit www.realtor.org

Best Buy on the Block? Ann Arbor Real Estate Specialist Caitlin Phillips discusses Multiple Offers procedures

Photo By flickr

Ann Arbor Real Estate Market.....best buys on the block are being swapped up with multiple offers to purchase. Remember those days? It was not long ago, that we all had to stop, look and listen when it came to ethically negotiating with Multiple Offers. So, why are we struggling with this now? I have had some really hideous experiences with listing agents recently in regards to Multiple Offers. I must admit, the poor behavior of these agents has prompted me to write this article to the consumer regarding the proper, top drawer way to handle a Multiple Offer Situation on your property should you have been in a fortunate enough position to be the Best Buy on the Block.

In my experience of working with foreclosed homes as an asset manager, marketer and listing agent, I was taught by the best in business how to remain fair and respectful in dealing with a Multiple Offer situation on a "Hot Property". Read more to review and remember this great information on CREATING A WIN WIN contract with Multiple OFFERS. Read More