Peter Testa

I found this article disecting the fears of today's homebuyers to be quite interesting & informative:

Home prices are falling in many neighborhoods to levels not seen in a decade and home finance costs are low.

So why aren't more people in the market to buy a home?

More than half of Americans quizzed said they aren't yet ready to get back into the housing market, according to new research by online home marketing site Realtor.com.

"Their number one fear is losing their jobs," said a Realtor.com spokesman.

For buyers still in the game, almost 85 percent say that improved affordability and foreclosure bargains are motivating them to shop the housing market.

Government incentives are less of a factor. Fewer than 15 percent of first-time homebuyers said the $8,000 federal income tax credit was their impetus for purchasing a home.

Other barriers to home purchases include sellers' difficulties in selling their old home (16.1 percent) and a lack of financing to buy a new one (15.4 percent.)

Realtor.com interviewed more than 1,000 people in June for its latest homeownership survey.

More than one in 10 homeowners surveyed said they had delayed putting their house on the market because of poor selling conditions.

About 16 percent of potential homebuyers questioned said they thought prices have fallen as low as they will go. Another 15.5 percent are worried that mortgage costs will rise.

Almost a third of potential buyers said they were worried about keeping their jobs and making the mortgage payments.

And more than half of the people interviewed said they were concerned that someone they knew might face foreclosure in the next six to 12 months.

Article Credit belongs to Steve Smith, The Dallas Morning News, dated July 10, 2009

If you are purchasing your first home in 2009 then hopefully you allready know that first time home buyers qualify for an $8,000 Home Buyer Tax Credit. What you may not have known is this-

The $8,000 first time buyer tax credit can be obtained almost immediately after closing. The buyer can file form #5405 along with an amended 2008 tax return and receive the tax credit refund. No need to wait to file the 2009 tax return. That's for any 1^st time buyer who closes between 12/31/08 and 12/01/09.

If you have been thinking about making a home purchase but have been on the fence til now there hasn't been a better time than now to act- take advantage of this one-time offer to receive back up to $8,000!

Let's discuss your home buying options. For a first time homebuyer consultation please contact me direct at (203) 442-3873. Let's discuss how you can begin your journey down the road to home ownership.

Are you behind on your mortgage payments and afraid that your lender will foreclose on your home? If you are a Connecticut resident who has fallen behind on your monhtly mortgage obligation there are several options available to you.

A Loan Modification allows you to keep your home & make a lower monthly payment than your current payment. If you meet certain eligibility requirements, your monthly income being a major factor here, you may qualify for a reduction of your monthly mortgage expense.

A Short Sale allows you to sell your home regardless if it has lost value & you can no longer recoup what is owed. Realtor commissions, attorney fees & other expenses are covered 100% free of charge to you.

Foreclosure is never a good option. In a Foreclosure you not only lose your home but you also destroy your credit for an average of 8 years at which point you can begin rebuilding for the future. If in debt you may not care about your credit but poor credit can hold you back from doing many things: attaining a job, attaining a credit card, purchasing a vehicle, purchasing a home and even renting a home; these are only a few of the ways foreclosure can effect your everyday life.

In addition to damaging your credibility you can also lose your home & then be sued by your lender for the balance of the loan. In a deficiency judgement you will be ordered to repay your lender... no matter how long it takes. You may think that they could never collect on such a judgement but the reality is they could garnish your wages or seek payment from your 401K & you could be paying for your poor decision for the rest of your life.

If you want to rectify a troublesome situation & explore the options of Loan Modification and Short Sales please contact me for a free consultation. You are not alone & you can avoid having your home taken & your credibility destroyed. I will analyze your situation and make some recommendations how to cure your mortgage mess. My service is provided to assist financially distressed homeowners & is free of charge. Never pay a Realtor, Third Party Negotiator or Loan Modification Company to provide you this service. Contact me at (203) 442-3873 or email me at PETERTESTA@yahoo.com & get yourself back on the road to financial recovery.

Being a homeowner has benefits far beyond the pride that accompanies owning your property. Aside from the obvious satisfaction that comes from being a homeowner, there's also the fact that each mortgage payment you make is an investment in your future. In addition to the many tax benefits to homeownership, you can consider the accumulated interest on your mortgage as one of the most rewarding tax breaks available to Americans.

Home prices have come down as much as 30% or more in some areas. With talk about the market stabilizing & mortgage rates still near historical lows now is the time to invest in your future.

Take a look at this Multi-Family Property for sale at Preforeclosure Pricing. Perfect for an Owner-Occupied/Tenant setup. this is the ideal property for Double Ended Profit. Purchase at a discount & receive monthly income toward your mortgage. Contact Peter Testa to find out how you can take advantage of this fantastic opportunity to invest now.

Peter Testa is available by phone at (203) 442-3873 or via email at PETERTESTA@yahoo.com Visit my website where you can view Connecticut Homes For Sale, Work out Mortgage Payments on my Mortgage Calculator or Search the CT MLS.