Archive for the ‘First Time Buyer’ category

Do Not Delay Your Home Purchase

March 8, 2010

If you are a potential homebuyer do not delay your pending home purchase. If you wait too long you may lose out on a great opportunity.

The expiration date for the first-time homebuyer and move-up tax credits worth $8,000 and $6,500, is approaching quickly. You only have until April 30 to take advantage of this great opportunity. If you qualify you will get a dollar-for-dollar reduction in taxes or a cash payment if you do not pay enough taxes to cover the credit.

For more great reasons to by a home in 2010, please click on The Best Time to Buy a Home is Now!

If you have been patiently waiting to buy a Hoboken home, now is the time to do it while the home buyer’s tax credit is still in effect. All of the key factors are in place to ensure that your home purchase will be a major, positive life changing event.  With low mortgage rates available, along with the recent passing of the new tax credits, this is the opportunity you have been waiting for. Please click on tax credit information for more details.  Make 2010 the year you purchase your dream home. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can be reached at eddie@InvestHoboken.com or 201-344-2886.

Look What $334,000 Buys You In Hoboken

December 27, 2009

 

Very spacious condo with renovated kitchen
1BR/1BA Condo   offered at $334,000.

Don’t miss out on this very spacious  and charming condo located in Hoboken. This is a great opportunity to take advantage of the $8,000 First-Time Home Buyer Credit. 

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As a top Hoboken REALTOR, I can help you through the entire process of buying your first home. If you are looking for assistance in finding the perfect home in Hoboken, contact Eddie Perez at (201) 344-2886 or go to Hoboken Condo Expert.

What Will Homebuyers Want in 2010?

December 21, 2009

While conducting it 2009 home design trends survey of 500 architecture firms and home buyers, the American Institute of Architects has discovered home buyer prefer smaller, better designed homes.  

Following is a summary of the survey:

1. There will be a  shift toward “smaller, better-designed homes”.

2. Open floor plans will still be popular.

3. Since many two-income couples are now working at home, there has been an increased demand for extra office space.

4. Younger home buyers are more interested in affordable, eco-friendly homes.

5. Buyers favor making full use of their living space, including outdoor areas. Which include outdoor living enhancements such as fire pits and kitchens as popular incentives so buyers may enjoy as much of their property as possible.

Overall, buyers want a highly functional space that is well-designed and inexpensive to maintain.

Currently, there are many great opportunities to purchase a home in Hoboken. Perhaps you are considering buying your very first home, or you may be at the point in your life that you are searching for your ultimate dream home. If either may be the case or if it is something in between, contact Eddie Perez at (201) 344-2886 or go to Hoboken Condo Expert.

Do Not Wait Any Longer

December 14, 2009

With the recent approval of the new Home Buyer Tax Credits and the recent low rates available for mortgages, today may be the ideal time for you to purchase a home.

30-year fixed-rate mortgage have fallen again, for the week ending Dec. 3, the 30-year rate was 4.71. The 15-year loan rate was 4.27.

Do not pass up this opportunity, we may not see rates this low again for a long time.

It was the fifth consecutive week that interest rates have fallen. This is another great incentive to take the steps to become a homeowner.

For more great information go to First Time Home Buyers Are Leading The Way.

If you have been patiently waiting to buy a Hoboken home, now is the time to do it. All of the key factors are in place to ensure that your home purchase will be a major, positive life changing event.  With low mortgage rates available, along with the recent passing of the new tax credits, this is the opportunity you have been waiting for. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  Eddie can be reached at eddie@InvestHoboken.com or 201-344-2886.

New Tax Credit Questions

November 30, 2009

Since the new home buyer tax credits have been approved a lot of possible buyers have questions regarding how the new credits work.  Following you will find answers to good questions that you as a potential buyer may have.

As a current home owner how can you apply for the $6,500 credit?

A buyer must have lived in their home for at least five out of the last eight years. The home they will purchase must serve as their primary residence, but the buyer will not need to sell their previous home. The previous home could be used as a rental, or a second home and still claim the credit.

Does a buyer need to purchase a new home that is more expensive than the one the buyer currently owns?

You can downsize to a lower priced home, but if the property sells for more than $800,000, a buyer will not qualify.

If you are building a new home can you claim the credit?

Yes, as long as the contract is complete by April 30 and you must move in by July 1.

If you purchase a home from a relative will the credit still apply?

No. You are not allowed to claim the credit if the sale is between related parties.

Now is the best time to purchase a home in Hoboken. With low mortgage rates available, along with the recent passing of the new tax credits, this may be the opportunity you have been waiting for. For more information contact Eddie Perez, Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, Jersey City, Weehawken and Union City.  He can be reached at eddie@InvestHoboken.com or 201-344-2886.

Nearly 60 Percent of New Home Buyers Rely on Low Down-Payment Mortgages

November 9, 2009

Highly regarded housing consultant.  John Burns Real Estate Consulting, house4salerecently released a survey of home builders regarding the type of financing their buyers’ used.  The survey states that almost 60 percent of new home buyers relied on low down-payment mortgages from the government.  

20 percent of buyers used conventional financing, 7 percent got a jumbo loan and 7 percent of buyers paid cash.

Other important facts that were included in the survey was that the total of unsold finished inventory has dropped and sales are slow, particularly among builders who do not have a lot of appeal to first-time home buyers.

For more great information go to Look What $334,000 Buys You in Hoboken.

As a top Hoboken REALTOR, I can help you through the entire process of buying your first home. If you are looking for assistance in finding the perfect home in Hoboken, contact Eddie Perez at (201) 344-2886 or go to Hoboken Condo Expert.

First Time Home Buyer Tips

November 9, 2009

It is a great time to be a first-time home buyer in this market.for_sale_sign(1) Existing single-family home prices are down and interest rates are near historic lows. And you can’t forget about the first-time buyer $8,000 tax credit.

Following are a few first-time home buyer tips you may want to consider:

1. Think about the long term future. Purchasing a home requires long-term planning.  If you are unsure of where you will be in the short term future, you might want to reconsider your plans to buy.  The more time you spend in your home gives you a better opportunity to recoup your investment.

2. Don’t settle for the first home you see. Calculate how much home you can afford. A good way to do this is to browse online listings to become familiar with the market. It is tough to find everything you want but if you prioritize your needs and wants you may have a good chance of finding what will really suit you.

3. Find a good buyer’s agent. A good buyer’s agent does a lot more than just hand you listings. The agent can help you with many things, from a loan preapproval, to a home inspection, but above all is ready to put all of your interests first.

4. Remember the high price that comes with owning a home.  Many first-time home buyers will focus on the actual price of a home and forget to consider the other costs that come with it.  Don’t forget about closing costs, basic maintenance and utilities.  

For more great information go to Everything You Need To Know About a Short Sale.

There are so many advantages to being a first time buyer in this current market. For more information regarding how I can help you negotiate the best deal on your first home, contact Eddie Perez, Broker-REALTOR, CDPE. My market includes Hoboken, Jersey City, Weehawken and Union City.  I can be reached at eddie@InvestHoboken.com or 201-344-2886.