$8,000 or $6,500
Do You Qualify for either of these Tax Rebates?
You can qualify for the $8,000 Tax You can qualify for the $6500 tax
Credit if: Credit if:
You have not owned a home in the You have lived in your home for 5
last 3 years. out of the last 8 years.
You earn NO MORE THAN $125,000 You earn NO MORE THAN $125,000
if you are single and NO MORE THAN if you are single and NO MORE $225,000 if you are married THAN $225,000 if you are married
No repayment required if you No repayment required if you
live in the property for at least live in the property for at least
3 years. 3 years.
You must have a fully accepted Purchase and Sale Agreement by April 30, 2010 and be able to close your transaction no later than June 30, 2010.
We are more than happy to refer you to some great lenders who can help get your financing started for your new home purchase.
I went to a Veterans Day assembly at my daughter's school Summit Elementary yesterday. Talk about a tear jerker! My daughter is in choir and had a solo part. My dad was in attendance (Marine Vietnam Vet). The choir sang a couple awesome songs, one of them honoring each branch of the Military and if you were a Veteran of that branch they asked that you stand up during that part of the song. When my dad stood up during the Marine part of the song, I could feel & see all the little eyes turning to look at him in the audience. That's when it really hit me. I have always had an appreciation and respect for soldiers and my Dad, but now it's on a whole other level.
Thank You to all the Veterans and current soldiers who serve our beautiful Country.
God Bless!
Jeremy Bray
WINDERMERE CORNERSTONE'S
"HAPPY HOMES TEAM"
We specialize in Residential home sales in Spokane Washington and its surrounding areas. "The Team" consists of two dedicated Real Estate professionals with over 23 years of sales and business management experience.
We are dedicated to providing top notch service. Our goal is to make our clients feel as positive about their Real Estate experience as possible. Listening to clients motivation & goals lets us help them compare their options, establish a plan, and execute the plan.
We would be happy to earn your business!
Can we help you compare your options?
HAPPYMONIAL
After having our home on the market for over six months with no results, a relative recommended that we list with Jeremy Bray & John Stirling of Windermere Cornerstone. We soon found out that suggestion was a great idea. Jeremy & John, upon signing a contract, provided us with a list of actions with dates they were going to enact to sell our home. All of the dates they set were not only met but beaten.
They threw themselves wholeheartedly into the job of selling our home. Any time we had a question, be it during normal business hours or after, Jeremy & John were available and had an answer or knew where to get the answer. They proved thereselves to be very knowledgable on all aspects of the sale. When we had questions concerning the process, whether it was financial related or real estate market information, they provided us with accurate and timely answers.
The sale of our home was quite complicated with a multi layered sale involving three seperate parties that needed to close before the final transaction was completed. Jeremy & John kept us well informed on the process and we were able to complete the sale within 30 days of them bringing this offer to us. With the condition of the real estate market being what it is, this was a major accomplishment.
Jeremy & John took the time to assist us with minor improvements to our home as well. They pretty much held the attitude that they would do "whatever it takes" to help us get it sold, whether that be pouring concrete, or vacumming the pool. We would recommend Jeremy Bray & John Stirling to anybody who is looking for a highly motivated, knowledgeable, and people oriented team of realtors. Greg & Malia McConahy Spokane Valley, WA.
THANK YOU
We treasure all the wonderful people, clients, & friends that we do business with. Thank you for your confidence, trust, and loyalty in making us your Real Estate professionals. With out your support none of this could be possible.
CONTACT US
Windermere Cornerstone
Jeremy Bray
John Stirling
509-230-5435
509-879-3551
Jbray@windermere.com
johnstirling@windermere.com
Visit our website at: www.happyhomesteam.com
"THE HAPPY HOMES TEAM"
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From the time we're young and purchasing property with Monopoly money, we're taught that real estate is a valuable commodity. Yet, when it comes to buying a home, we usually have a long list of personal needs that come first-enough bedrooms and baths, a safe neighborhood, good schools, maybe Keep your eye on the prize. Real estate has historically been a good long-term investment. While you may be able to get higher return on other investments over the short haul, few offer the same combination of generous returns and relatively low risk over the long term- five years or longer. Real estate tends to appreciate ahead of inflation (typically 1 to 2 percent above) for a number of reasons, which include the old tenet of supply and demand as well as a universal need for housing and increasing costs to build new homes. But it takes time to recoup the large up-front costs of a home purchase, and it should never be considered a liquid asset. So how is a home a good investment? There are many financial rewards to home- ownership. As we've mentioned, real estate offers a decent return at moderate risk. While you can lose your shirt in the stock market, real estate almost always retains at least most of its value. Also, buying a home is kind of like having a forced savings plan-you have to make those mortgage payments every month, and as you pay down the principal, your equity continues to grow. As many people have already discovered, you can leverage your investment in your home and borrow more against it than you could with stocks and most other investments. Most lenders allow a homeowner to borrow about 80 percent of the value of the home, but with a brokerage account, you're limited to 50 percent of the fund's value. There are tax advantages to owning a home as well. When you first purchase a home, the settlement and closing costs may be tax-deductible, as are any points you pay. And the interest, property taxes, mortgage insurance and depreciation are also deductible. How do you choose a home that's a smart investment? While "buy low, sell high" works in the stock market, it's not always an appropriate strategy for real estate. Of course you want to sell for more than what you bought the property for, but the lowest price in the market isn't necessarily a good investment. If you can, it pays to choose the time to buy-ideally when there's a good supply of homes on the market and when interest rates are favorable. Then sell when conditions are favorable to sell-when there's a smaller supply of homes on the market.
"THE HAPPY HOMES TEAM" VISIT - WWW.HAPPYHOMESTEAM.COM
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FHA 203 K - Limited Repair Program
SPECIFICS
Total cost of Rehabilitation including fees must not exceed $35,000
Mortgage payments calculated on Sales price plus total cost of rehabilitation
Must use the services of one or more contractors to complete the repairs
General contractor is not required
Borrower must provide a written cost estimate and references from a licensed and bonded contractor for each specialized repair or improvement.
All cost estimates must include labor and materials sufficient to complete the work by a contractor.
Architectural exhibits and plan reviewer not required
Final inspection required for repairs exceeding $15,000
Receipts or proof of completion from contractor acceptable in lieu of a re-inspection.
Borrowers must sign a statement before final release of funds that the work has been satisfactorily completed
No extensions allowed
No contingency required
Appraisals- The estimated "as-is" value or the purchase price of the property before rehabilitation, WHICH EVER IS LESS, PLUS the total rehabilitation cost OR 110% of the "as completed- to be" market value. FOR EXAMPLE-
Sales price is 100,000. Borrower wants to redo the Carpet, counter tops and paint the interior/exterior. The bids he gets total 15,000. The new market value that we want to see from the appraiser is $115,000. However he comes in at say.....$107,000. No problem .....
We take his appraisal at $107,000 x 110% = $117,700 we're fine! This is a fabulous benefit on this program - don't you agree?
SELF HELP
If more than one contractor is used the project will be considered self help. This means that the buyer will be doing some or all of the work themselves.
Self help borrowers submit a narrative including the following:
Borrowers qualifications for doing the required work
When borrower will accomplish work (keeping in mind 6 month renovation period).
How work will be accomplished (if subcontractors will be used), include bids/proposal.
So if a buyer wants to do his own work, he would provide the bids and make a case for his qualifications to do so.
If you would like additonal information please contact me and I an refer you to a lender who can answer any questions you may have.
Jeremy Bray
Windermere/Cornerstone
509-230-5435
www.jeremybray.com
jbray@windermere.com
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Honesty, Integrity, & Excellent Communications are qualities we strive to give our clients. If your looking for 2 dedicated Realtors to look out for your best interests call "The Happy Homes Team."
Windermere Cornerstone
"THE HAPPY HOMES TEAM"
JOHN STIRLING & JEREMY BRAY We specialize in Residential home sales in Spokane Washington and its surrounding areas. "The Team" consists of two dedicated full time Real Estate professionals with over 23 years of sales and business management experience.
We are dedicated to providing top notch service. Our goal is to make our clients feel as positive about their Real Estate experience as possible. Listening to clients motivation & goals lets us help them compare their options, establish a plan, and execute the plan.
We would be happy to earn your business! Can we help you compare your options?
HAPPYMONIAL
After having our home on the market for over six months with no results, a relative recommended that we list with "The Happy Homes Team". We soon found out that suggestion was a great idea. Jeremy & John, upon signing a contract, provided us with a list of actions with dates they were going to enact to sell our home. All of the dates they set were not only met but beaten.
They threw themselves wholeheartedly into the job of selling our home. Any time we had a question, be it during normal business hours or after, they were available and had an answer or knew where to get the answer. They proved there selves to be very knowledgeable on all aspects of the sale. When we had questions concerning the process, whether it was financial related or real estate market information, they provided us with accurate and timely answers.
The sale of our home was quite complicated with a multi layered sale involving three seperate parties that needed to close before the final transaction was completed. Jeremy & John kept us well informed on the process and we were able to complete the sale within 30 days of them bringing this offer to us. With the condition of the real estate market being what it is, this was a major accomplishment.
They also took the time to assist us with minor improvements to our home as well. They pretty much held the attitude that they would do "whatever it takes" to help us get it sold, whether that be pouring concrete, or vacuuming the pool. We would recommend Jeremy Bray & John Stirling to anybody who is looking for a highly motivated, knowledgeable, and people oriented team of realtors.
Greg & Malia M.
THANK YOU We treasure all the wonderful people, clients, & friends that we do business with. Thank you for your confidence, trust, and loyalty in making us your Real Estate professionals. With out your support none of this could be possible. Visit our Website : www.happyhomesteam.com
"THE HAPPY HOMES TEAM"
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