Contrary to what you hear in the press, buying a home with little or no money down is possible.
Here"s how:
1. FHA offers fixed rate mortgages with a 3.5% down payment. This money CAN BE GIFTED!! And, if you want to "repay" the gift, the government is offering a $7500 tax credit for homes closed by 6/30/09.
2. The seller can pay up to 6% of the closing costs. Verify you "Good Faith Estimate" of closing costs with your FHA lender.
If you feel secure in your job, have a credit score of over 580 and need to better place to live, consider owning your own home or condominium. Take advantage of a market that favors you as a home buyer. Low rates, favorable financing and pricing and a great selection to choose from.
The information is provided through RE/MAX Innovations which is located in Boston, MA. Our other office, RE/MAX Country Properties, is located in Amherst, NH (www.nhrelocation.com).
To view communities in Massachusetts visit MA Real Estate and to search the Massachusetts MLS visit MA MLS. For Maine real estate information visit Maine Real Estate. If you are relocating to other NE states please visit CT Real Estate, VT Real Estate and RI Real Estate.
Visit NH real estate community websites at New Hampshire Real Estate for real estate information by town in New Hampshire. For MLS search, and real estate informaiton in other states visit http://www.virtualhomes.com
TIME IS MONEY!
Did you know that this may be the best time to buy a home in the past 5 years? As a potential homeowner, the rent you pay to your landlord pays his mortgage. You have the opportunity to own instead of renting. Consider this:
When is the Best Time To Buy?
As a potential home buyer, when do you think is the best time to buy?
We hear:
When the interest rates are favorable.
FACT - 30 Year Fixed Rates are approaching historic lows. 11/27 - 5.5% no points.
When I have saved a down payment.
FACT - 3.5% Down payment is required for FHA loans. The funds can be a gift and repaid with a $7500 tax credit on your 2008 tax return.
When I have saved money for closing costs.
FACT - Seller can pay all or most of your closing costs.
When I can "steal" a home.
FACT - In most markets there are foreclosures and extremely motivated sellers who will sell at prices up to 30% off of 2005 values.
If you feel secure in your job, have a credit score of over 580 and need to better place to live, consider owning your own home or condominium. Take advantage of a market that favors you as a home buyer. Low rates, favorable financing and pricing and a great selection to choose from.
Visit NH real estate community websites at New Hampshire Real Estate for real estate information by town in New Hampshire. To view communities in Massachusetts visit MA Real Estate and to search the Massachusetts MLS visit MA MLS. For Maine real estate information visit Maine Real Estate. If you are relocating to other NE states please visit CT Real Estate, VT Real Estate and RI Real Estate. The information is provided through RE/MAX Country Properties, Amherst, NH (www.nhrelocation.com). Our other office, RE/MAX Innovations is located in Boston, MA.
View MA MLS FORECLOSURE Listings
Click on VirtualHomesMLS to view Massachusetts MLS foreclosed (bank owned) listings and short sale opportunities.
At this site, type in a quick city search and when that town/city finishes loading, select under popular searches, the town foreclosures. Single family, condominiums, multi-family and land listings will populate a map with the foreclosures on the market.
The VirtualHomesMLS tool provides a map based search of all MLS listings. Search by town, keyword
phrases, price, location or specific criteria. Take advantage of a map based search.
Virtual Homes provides a network of virtual community websites which offers visitors town, demographic, school, relocation, home buying and selling information. View virtual communities for local, town information in various states at MA Real Estate, NH Real Estate, CT Real Estate, Maine Real Estate and RI Real Estate.
Manchester, New Hampshire Real Estate Market Update - October 2008
The average sales price of single family homes sold in Manchester, NH in October of 2008 fell 9% to $205,729. Condominium average sales prices fell from $197,085 to $150,464.
Sales increased for single family homes from 37 to 62 with the DOM remaining stable in the month of October 2008 compared to 2007. There were only 26 condominiums that sold and average DOM soared to 192. This statistic is a reflection of the number of "distressed" condos on the market.
Visit Manchester NH Real Estate virtual community which is part of the Virtual Homes network. To view real estate market reports for towns in and around the Souhegan Valley visit:
Amherst New Hampshire Market Report
Bedford New Hampshire Real Estate Report
Visit other NH real estate community websites at New Hampshire Real Estate
To view communities in Massachusetts visit MA Real Estate and to search the Massachusetts MLS visit MA MLS and view properties through a map based search. In other states, visit http://www.virtualhomes.com.
The information is provided through RE/MAX Country Properties, Amherst, NH (www.nhrelocation.com) and is obtained through the NNEREN MLS System. Our other office, RE/MAX Innovations (www.relocationma.com) services both NH and MA.
View MLS FORECLOSURE Listings
Click on Somerville Foreclosures to view MLS foreclosed (bank owned) listings and short sale opportunities.
Single family, condominiums, multi-family and land listings will populate a map in Somerville, MA.
The VirtualHomesMLS tool provides a map based search of all MLS listings. Search by town,keyword
phrases, price, location or specific criteria. Take advantage of a map based search.
Virtual Homes provides a complete Internet marketing solution for agents, broker/owners and lenders
including lead generation, lead notification, management tools (CRM), training and support. View virtual
communities for local, town information in various states at MA Real Estate, NH Real Estate, CT Real
Estate and RI Real Estate.
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Founder and CEO of Virtual Homes, Inc. (Internet marketing) and Virtual Homes Real Estate, an independent real estate company operating in five New England states.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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