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Buyers

Tuesday, 24 February 2009 16:33 Christopher Graham
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With the current economic climate, everyone is looking for some savings and assistance wherever possible.  If you haven't looked into refinancing, you may want to make a call to see if you may be eligible to save some money on your housing payment.  Despite the news of tightening credit standards, home refinances are at record highs as interest rates are at 40yr lows. 

With low interest rates, competitive property prices, and enticing tax credits, first time home buyers have a lot of incentive to look for a home in 2009.  If you know a friend or family member looking to become a first time home buyer, you may want to pass the attached 1st Time Homebuyer Tax Credit pdf on to them along with my name. I would greatly appreciate any referral you can send my way.

Last Updated on Monday, 04 May 2009 13:24
 

Knock $4,000 off your utility bill

Friday, 05 December 2008 14:41 Christopher Graham
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By Josh Garskof, Money Magazine

Invest $1,500 in insulation and maintenance and get over twice that in energy savings the first year.

The attic floor is the house's most important barrier to heat loss because heat rises," says Charley Cormany, project manager at Renu, a home energy performance contractor in San Anselmo, Calif.

The thickness of the insulation between joists in the unfinished floor should be at least 10 to 12 inches. If it isn't, lay on additional rolls, or "batts." You should also insulate a pull-down door or hatch with an attic tent. Made of fabric-covered insulating material, it keeps out drafts but allows you access through a zippered flap ($200 from attictent.com).

Last Updated on Friday, 05 December 2008 16:53 Read more...
 

Program to help owners on brink by Ken Harney

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Charlotte Observer
Posted: Friday, Nov. 21, 2008

One of the most ambitious mass-market "loan modification" programs was outlined Nov. 11 by the Federal Housing Finance Agency - overseer of Fannie Mae and Freddie Mac - along with the 33 banks and mortgage servicers who make up the private-sector Hope Now Alliance.

The program, which is scheduled to start nationwide Dec. 15, aims at thousands of subprime and other borrowers who are seriously behind on payments - three months or more - and are slipping fast toward foreclosure.
Last Updated on Friday, 05 December 2008 16:52 Read more...
 

$8,000 Tax Credit

Monday, 01 December 2008 19:04 Christopher Graham
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If you are a first-time home buyer or haven't owned a home in the last 3 years, then you are eligible for a limited-time tax credit up to $8,000.  This is not just a deduction, but a credit against any Federal taxes you owe.  So if you owe $5,000 in taxes you could actually end up getting a $3,000 refund!  The home must be purchased between April 9, 2008 and July 1, 2009.  There are additional requirements, so consult with your tax advisor.  You can find more information at www.federalhousingtaxcredit.com
Last Updated on Monday, 04 May 2009 13:13
 



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Newsflash

CHARLOTTE, N.C. - CRRA reports on the residential real estate market in this region. The number of closings for September 2008 was 2,239, which is a 27 percent decrease from September 2007.  The average sales price for September 2008 was $214,927, which is 9 percent decrease from September 2007.  The average listing price for solds in September was $232,717, a decrease of 5 percent over September 2007’s average list price of $245,782.

Residential contracts reported in September (2,107) decreased by 33 percent over last year when contracts totaled 3,142. New residential listings for September totaled 4,909.  The average days-on-market for September 2008 was 137.7 days, which is an increase (1.6 days) over the previous month.