Posts Tagged ‘tax credit’

Larry Ricci of Going Green Solar joined Rebecca today to share with her the news about this exciting program that incentivizes Buyers of homes to install Solar Panels in their homes along with a few other energy efficient items; build it into their purchase loans, and they get up to $17,500 back in tax credits and rebates. Please call Larry directly at 602-301-0022 for specific questions & you can click here for a Brochure on the program highlights.

If you think you lost out on the First Time Home Buyer Credit- for the right person and home- this may just be PERFECT! We’ll be happy here at Integrity All Stars to help you get going with this if you are interested in learning more and finding the right house that will qualify- give us a call here at 480-243-4242 OR click here to get started.

“the market recovery that prevailed from March 2009 to November 2009 was followed by stability between December 2009 and May 2010. We no longer have stability or recovery. The market is in decline.” From the Cromford Report 8/17/2010

• Wow! Sure sounds a little depressing when reading the latest articles written by Mike Orr of the Cromford Report.  Click on photo above for the PDF of the entire article if you are interested in reading all of the details.  It’s basically a result of the Tax Credit giving us an artificial demand for housing- when that went away, so did demand and now prices have dropped. 
• We’ve seen an increase of homeowners as a result call to get started with the short sale process.  They’ve tried hanging on as long as they can but this second wave of decline has hit them to a place where the recovery seems doubtful if they remain in their current home/situation.
• LUCKILY INTEREST RATES ARE AT AN ALL TIME LOW and coupled with SUPER LOW PRICES COMPARABLE WITH THE MID 90’S IN MANY AREAS- The monthly payment and overall savings to just 6 months ago far exceeds what someone had received with the tax credit.
• We have a great home in Maricopa for example- $70,000- built in 04, 2300sqft, with a principal and interest payment based on an FHA loan of only $350 a month???  That’s just with $2500 down!!
• We saw some homes sell in March and April for much much higher because people were driving prices up just to get the tax credit and with a higher interest rate at that time too.  Same home would easily cost $8k more just a few months ago right off the top not to mention what the difference monthly would add up too in just a few years of ownership.
• SO MORAL TO THIS STORY- IF YOU “MISSED OUT” ON THE TAX CREDIT- BE GLAD AND BUY A HOME TODAY!  IT’S ACTUALLY A MUCH BETTER TIME TO BUY THAN IT WAS JUST A FEW MONTHS AGO!

Our Website allows you to search the MLS on your own just like we do- Click here to search homes in your area now! or call us at 480-243-4242 and we’ll be happy to send you a list of Foreclosed Homes or any type of home that you may be looking for.

Here’s a link to the June Market report I wrote based on last month’s reports coming from Mike Orr of the Cromford Report.  If you want to get a better idea of what is going on in our market place today; I recommend reading both.  I’ve been full time in Real Estate since 1993 and I can definitely say we are on the road to recovery but we still have a long way before we get there.

Why hire us? If you need help in either selling or buying a home or know someone that does, please click here to get started or call us at 480-243-4242.