If you are thinking about buing a condo and would like to use FHA financing or many of the first time home buyer grant programs the condo needs to be FHA approved. Also, If you are using the Atlantic County first time home buyer grant program for down pament and closing costs you will need to purchase a condo that is FHA approved.
Here is a list of Galloway approved FHA condos.
MALLARDS LANDING
RYANS RIDGE
SOCIETY HILL @ GALLOWAY II
SOCIETY HILL @ GALLOWAY III
SURREY STATION
VICTORIA MANOR
Egg Harbor Township approved FHA condos.
COUNTRY PLACE
HEATHER CROFT
LAKESIDE ESTATES
OXFORD VILLAGE
Mays Landing FHA approved condos:
MAYS LANDING VILLAGE CONDO
TIMBER GLEN
VICTORIA CROSSING CONDOMINIUM
VILLAGE @ HARDING RUN AKA Harding Run II
WOODLANDS
To search for more approved condos in any area go to: https://entp.hud.gov/idapp/html/condo1.cfm
Best wishes,
Matt
After much anticipation our new 5,000 square foot office is officially open! Our new office is open at 200 Tilton Road Suite 5 in Northfield NJ. This is in Kensington Square formerly Kensington furniture.
We're excited about this new location which is centrally located in Atlantic County to allow us to easily serve our clients in the Atlantic City area. It includes meeting rooms, a large training room and office and work spaces.
We are getting settled in and transitioning to the new office. And will be having an official grand opening in the future.
Best wishes,
Matt
If you purchase a home on or after April 9, 2008 and before July 1, 2009 as a first time home buyer you may get a tax credit of up to $7,500. Single tax payers with an income of up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
How the tax credit works is like an interest free loan that must be repaid over 15yrs. So lets say you buy home this year and qualify for the credit. If your tax bill is $7,500 and you've been having that amount taken out of your salary. You would get $7,500 back at tax time. Then over the next 15 years you would pay back $500 a year interest free.
You can learn more about the federal housing tax credit at: http://www.federalhousingtaxcredit.com/
This is an awesome opportunity to buy your first home.
There are also other great opportunities for first time home buyers such as the Atlantic County down payment and closing cost grant program. The great thing about these programs is that they are fixed rate 30 year mortgages at low interest rates. And you have plenty of homes to choose from. For more information on the tax credit or other opportunities for first time home buyers please call me at 609-338-3773.
Best wishes,
Matt
I just found out yesterday that grant money is now available. For more information on the program please visit my previous post: http://activerain.com/blogsview/631226/Funds-Available-For-Atlantic
For the last few months the county has been turning potential buyers away. But now funds are available. This is an awesome program. Also there is a $7,500 tax credit for home buyers if you buy now.
The opportunities in this market are amazing. Please call me at 609-338-3773 for more details. I will help guide you through this grant process and refer you to lenders who are experienced in helping make people's dreams come true through this program.
Best wishes,
Matt
As a real estate professional, I often get asked "How's the market?"
I've been struggling with what to say for the last two years. I could be optimistic and say that it is great. But for many people it is not a great market. There are people who can't afford their homes and are forced to do a Short Sale or go through foreclosure. But it's also not a bad market either. There are great opportunities for buyer's sellers and investors in this market.
On Thursday I listened to a coaching call with Keller Williams MAPS coach Tony DiCello who described our market saying that "This is a market of opportunity." Wow! It is a very simple and accurate statement.
Home prices are much lower and dropping. Interest rates are low and may still go lower. Inventory is up with plenty to choose from. Investors and home buyers have an incredible opportunity right now. This is a buyers market but sellers have a great opportunity now also. Sellers may be selling for less than they would have three years ago but they make up for it when they buy their next home for pennies on the dollar.
So please join me in describing our market as The Market Of Opportunity.
Best wishes,
Matt
P.S. If you or someone you know is thinking about selling, buying or investing in real estate please call me at 609-338-3773 so that I can help you or the people you care about take advantage of the opportunities in this market.
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I am a passionate, creative, well organized real estate expert. The Haviland Group's highly trained team works with home buyers, sellers and investors in Atlantic City and Atlantic County, NJ.
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