Trudy Pape

A great deal of first time home buyers have taken action in purchasing their homes; however many are still on the fence...waiting...waiting...waiting. Waiting for what I don't quite know.

They may be waiting too long as most may not realize there are times when a 30 day closing is not in the scope of their plan. Others may think they can have until November 30th to initiate a contract instead of that being the date in which they will need to have closed the deal.

Some feel they so not have the down payment or funds to take to closing and do not understand these costs are eligible up front.

Whatever their reasons I encourage any first time homebuyer to contact a local REALTOR® to get accurate information and get the ball rolling. A REALTOR® is your "go to" person who will guide you from start to finish so you don't have to go it alone.

Pick up the phone now and call a REALTOR®.

Despite current economic challenges, 83 percent of Americans still believe buying a home is a good financial decision, according to NAR's 2009 National Housing Pulse Survey.

The survey also found that one-third of renters are thinking more about buying a home than they were a year ago. Many of them still need to save toward that goal - 82 percent of potential homeowners consider down payments and closing costs to be the greatest challenges to homeownership.

Flooding in some San Antonio areas continue to be present. With this in mind the City of San Antonio has developed a flood preparedness program called S.A.F.E. - San Antonio Flood Emergency System. This system will provide early flood notification when heavy rains are received and to educate actions to take necessary to protect life and property. To learn more CLICK HERE.

Learn More

Daily Real Estate News | April 20, 2009 | Share Housing Market Faces New Rules for Appraisals
The housing industry is facing new national rules for real estate appraisals, which will ban mortgage brokers from ordering valuations and divert more business to third-party appraisal management companies.

Lenders seeking to sell their loans to Fannie Mae and Freddie Mac will have to adopt the home valuation code of conduct; but they have expressed some concern about the new standard, which takes effect on May 1.

Lenders can still focus on FHA financing, considering the agency has its own appraisal rules and does not plan to adopt the code of Fannie Mae or Freddie Mac.

Source: Realty Times, Kenneth R. Harney (04/20/09)

© Copyright 2009 Information Inc.