My New Blog

This is the time to buy if you are a first time home buyer just coming in to the market, the rates this week were at 5.75%, and the feds are looking  to bail out the banks of there bad debt, there is really good inventory and plenty of motivated sellers out in the market,along with an FHA program that allows up to a 6% seller assist and only requires a 3% down payment that can be borrowed from a family member and do not forget the $7,500.00 tax credit also given by the Feds . If you have been waiting on the side lines to get into the Real Estate Market and waiting for a good time to become a home owner, I do not know why you would wait any longer.

For more detailed information on the tax credit and how it will effect you please contact your accountant

Take The Real Estate Plunge….Now!

John D. Rockefeller once said, “the way to make money is to buy when blood is running in the streets.” If that is the case there is no better time than the present to purchase a new home. With declining prices and tantalizing incentives, those who are willing to brave the home buying waters will excel in the long run.

I read a recent article in a magazine that said, “consider a typical home in Delaware County that sells for $275,000. You put down 20% and get a 30 year fixed rate mortgage at 6.50% with a payment of $1,391.00. Say it’s one year later and the price declined an additional 5%.By then the recession is history and the Fed is jacking up rates to stem inflation. If mortgage rates rise to 7.25%. The payment would be $1,426.00 and you’d have to spend a year living somewhere that you would rather not be.

Looking for information on Marple Township Broomall or any information on Delaware county,Then take a look at there new site

Delaware County officials have announced an upgrade of the county’s website, www.co.delaware.pa.us. The website now offers faster, more reliable access, an increase in printable documents, easier access to court dockets, more information about county government services and more user-friendly access to its on-line services.

Source: Garnet Valley Press; 8/06/08

President Bush signed the $300 billion dollar rescue bill

The measure includes $300 billion in new loan authority for the government to back cheaper mortgages for troubled homeowners; $3.9 billion for communities to fix up foreclosed properties causing blight in neighborhoods; and $15 billion in tax cuts, including an expanded low-income housing tax credit and a credit of up to $7,500, to be repaid, for some first-time home buyers.

This tax credit is a great thing for first-time home buyers, If you are looking for a home in the Delaware County area and you are a first time home buyer this tax credit ends on June 30,2009. for more information on this credit go to www.federalhousingtaxcredit.com

Listed #9 and #10 are Chester County and Montgomery County as the Best counties to raise a family in the country, lucky for us to have 2 of the counties in the Philadelphia suburbs,for more information on these counties please contact me

Daily Real Estate News  July 8, 2008

Top 10 Best Counties to Raise a Family

Low cost of living, reasonably priced homes, and short commute times helps add to excellent schools and is what landed 10 communities at the top of Forbes magazine’s best places to raise a family.

To be considered, the communities had to have populations greater than 65,000 and most of the school funding had to come from property taxes. Average SAT and ACT scores must top 1,050 or 22, respectively. These factors reduced the number of counties under consideration to 51.

After that, the magazine considered cost of living, graduation rate, home prices, property tax rates as a percentage of median home prices, percentage of homes occupied by owners, per-capita income, air quality, crime rate and commute times.

Here are the results:

• Hamilton County, Ind. (near Indianapolis)
• Ozaukee County, Wis. (near Milwaukee)
• Johnson County, Kan. (near Kansas City)
• Geauga County, Ohio (near Cleveland)
• Delaware County, Ohio (near Columbus)
• Morris County, N.J. (northern N.J.)
• Hunterdon County, N.J. (central N.J.)
• Waukesha County, Wis. (near Milwaukee)
• Montgomery County, Pa. (near Philadelphia)
• Chester County, Pa. (near Wilmington, DE)

Source: Forbes, Zack O’Malley Greenburg (06/30/08)