Jay was fortunate to offer some input into the short sale and foreclosure process… http://fb.me/GU35D5vw
Some more ink on AOL http://realestate.aol.com/blog/2010/08/16/how-to-buy-foreclosures http://fb.me/Bq7BgKhU
Great article on Bankrate.com featuring Jay! Give him a call with any questions, rates are super low right now!… http://fb.me/Be1xDFey
@garyvee wiredforwine.com is using your name on FB ads…is this your company? cinderella type format of 1 deal/day
Interest Rates are at rock bottom. Give Jay a call for a free review of your situation now at 651.210.9593.
http://www.mnrefinancing.com/uncategorized/now-that-the-tax-credit-has-expired-what-should-buyers-do/ http://bit.ly/ahamU7
Ok. Check this. What causes prices to go up? Either reduced supply or increased demand. Would you agree? So, now that everyone with a rich uncle or generous grandparent has bought their house to take advantage of the tax credit what does that mean to you, the buyer who “missed out” on the 8,000 “obama tax credit”?
Let me tell you why I feel this 2nd half of 2010 is going to be a ROCK STAR time to buy your first home or even dip your toes into purchasing investment properties. Ready? Here goes.
With the tax credit expired, there will likely be LESS buyers to compete with. Pretty cool, right? If you talk to anyone who’s purchased a home, it’s not uncommon for them to have bid on multiple homes because of the increased competition. In fact, the tax credit made it more of a “sellers market” than people will ever admit.
Ok, so we have fewer buyers to compete with. That’s good. Now, how bout financing? Even though the Fed has halted their mortgage buying, rates barely budged. Why? I guess you could say it’s a flight to “safety”. You see, the stock market’s had huge gains and the international debt market (i.e. the PIGS you hear about on CNBC) in shambles, the market place is still digging owning mortgages yielding around 5% because their costs of funds are so low.
Ok, so less competition. Good financing. Last but not least? There’s STILL ample supply of foreclosures and short sales coming down the pipeline INCREASING supply of homes. So if I were a betting man I would bet that the 2nd half of 2010 is going to be a GREAT time to get into your first home or investment property whether it be a condo in DT Minneapolis or St Paul or a big shack out on Minnetonka or the St Croix.
Got questions? Give me a call at 651.210.9593.
P.S. Sorry for the delay in updating the blog…been busy helping those getting the tax credit with their financing 
$20 for $45 Worth of Sushi and Drinks at Tiger Sushi – http://bit.ly/a4gF9u
As most of you know, the current deadline for both the “First time buyer” tax credit and the “move up buyer” credit is to have an offer in writing by April 30th with a closing by June 30th. One exception is for members of the military and here are the specifics from the irs.gov website:
Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter into a binding contract to buy, a principal residence on or before April 30, 2011. If a binding contract is entered into by that date, the taxpayer has until June 30, 2011, to close on the purchase. Members of the uniformed services, members of the Foreign Service and employees of the intelligence community are eligible for this special rule. It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010.
So if you or someone you know qualifies for the military extension (or don’t qualify and want to get in on the original offer for civilians) give me a call right now at 651.210.9593. Thanks and Happy Friday! Jay Dacey
