SHOW ME THE MONEY!!!

It is true…the government is giving away money – but only to what they consider first time home buyers. The qualifications are really pretty clear. Here’s the skinny:

1. You have to be a first timer home buyer. What is a first time home buyer (you would think it’s pretty self explanatory…but it’s NOT!!!) A first time home buyer in the government’s eyes is someone who HAS NOT owned  principal residence in the past 3 years or a home at all. That means you could’ve owned a in the past, own a vacation home, own a rental home as long as the home you lived in the past does not have you as a title bearing owner in the past 3 years.
    
2. It’s technically not $8,000 they are giving you….it’s UP TO $8,000 you can earn. Let me explain… They will pay you 10% of the purchase price up to $8,000. Therefore, to recieve the maximum benefit from this program you have to purchase a home for at least $80,000. If you purchase a home for $60,000 then you would only get $6,000 – not the advertised $8,000. (Don’t get me wrong…it’s still free money!!!)
3. There is a time limit to cash in…. this year only. The dates that you have to purchase a home are from: January 1st, 2009 – December 1st, 2009 (not the 31st).
4. There are income limits also (of course). The limits are $75,000 for an individual and $150,000 for a family. The income is “adjusted income” so they do take into account expenses – it’s basically your taxable income they are looking at here.  If you are above those limits you can still qualify for the rebate, but it will be reduced…if you want additional info just give me a call and we can discuss what you are looking at.
5. Stay home. You have to live in the home you received the credit/rebate on for a minimum of 3 years. (which isn’t a long time…my daughter was only 3 years old at the end of a 3 year time period.) If you don’t they can take the money back (they call it a recapture clause). Extenuating circumstances do apply and there could be execptions to the recapture such as death of a spouse, etc.

That’s it! If you have any additional questions about the program just post them below and I will respond. This way anything I may not have explained clearly others can capitalize on the answers as well.

Please remember to send me those referrals! Any of your family members or anyone you work with…send them my way 😉

Cool New Search Features

Looking for a place to search for homes? Check out our website: http://www.StilesRealEstate.com

Upgrades to our Search Agent

·Availability to set up as many searches as you like.

·Search using an interactive google style map. (Zoom in and out, double click to zoom, view home locations on the map while you are searching, etc.)

·Google Street View (see what the location really looks like before saving the listing as a favorite)

·Search by city, community, or zip code

·View multiple properties at once while being able to see they are located at the same time.)

·3 Different map views available to you. (Terrain, Sattelite or Hybird of both)

·Get statistics on the area you searched using the Map Statistics tab located on the fair right of the map.

I appreciate your help and look forward to helping you find your next home. Please contact me at any time via phone or email and I will do anything I can to help you out!

We are also actively working on a new website for our team….details coming soon!

Save Money Now!

If you haven’t been paying much attention to the real estate market now is the time!  What I mean is…now is the time to refinance, purchase or do something with your real estate….other than sell. If I didn’t have a great rate already now is the time to refinance your mortgage into a 30 year fixed. If you are in an adjustable rate then GET OUT OF IT NOW!

There is no reason to stay in your rate. You can get a 30 year fixed rate as of today for around 5.50%. Why in the world would you not want to get that kind of fixed rate for the next 30 years? (Average home ownership is actually at 5-8 years, but hey enjoy the low payments while you can!)

Call or email me to find out where you can get the low rates and how I can protect you going into it. I will be sure to refer you to one of my prefered lenders who will be sure to take care of you.

 Remember you can visit our real estate team at: www.EveryIndyHome.com or my personal website at: www.Jake.EveryIndyHome.com.

Lastly, to save on selling your home visit my parent site at: www.StilesRealEstate.comto contact me to save money if you are intersted in selling your home!

Feel free to contact me anytime via phone or email I will always answer any of your questions confidentially.