10 Steps to Buying a Home
-Source-Westerly Sun . PLACES IN THE SUN E-mail: mgeremia@weichert.com Phone: (401) 391-2324
Suburban Properties
Monique Geremia, Real Estate Agent
11/18/2009
11/15/2009
NEW HOMEBUYER TAX CREDIT ESTABLISHED
New Homebuyer Tax Credit Established
Last week, the president signed a bill that included a new tax credit for both first-time and repeat homebuyers. The new tax credit is an improvement over the previous version, which was only available to first-time buyers and was set to expire on Nov. 30.
Some of the key enhancements include:
- The $8,000 tax credit for first-time buyers has been extended through April 30, 2010.
- Current homeowners are eligible for a $6,500 tax credit through April 30, as long as they have lived in the home they are selling as a principal residence for five consecutive years out of the last eight years.
- Time has been added to allow for closing the home purchase. As long as buyers have a binding contract by April 30, they will then have until June 30, 2010, to close the transaction.
- Income limits for eligible buyers were increased to $125,000 for single buyers and $225,000 for couples.
The passing of this legislation is very positive news for anyone looking to buy or sell a home. Both first-time and move-up buyers can now take advantage of the new tax credit in addition to today's historically low interest rates.
The National Association of Realtors (NAR) has published several documents outlining the new tax credit.
-Weichert Wire Newsletter
Weichert Realtors, Suburban Properties
Monique Geremia, Real Estate Agent
E-mail:mgeremia@weichert.com
Cell: (401) 391-2324
11/05/2009
11/03/2009
Buying Homes in Rhode Island-RI Properties
How about Having a Good Home Buying Experience? So, you want to buy a home in today's market. What do you do? Where do you start? Start with your financial status-make a plan. There are some wonderful Mortgage Brokers that can assist you with this plan and give you a realistic picture and start off point. If you are at this point than you are serious about buying a home. You now need to find a Realtor to assist you. Why, because a Rhode Island Realtor knows the market, the area. A Realtor will know if another property is a good value for your money or not. If you obtain their services they are there to work for you. To locate a property with your interests in mind. Where ever that property may be. You may reside in Providence, but would like to purchase a home in Newport. Should you hear that Newport is not in your Realtor's area? No, a Rhode Island Realtor should be ready to provide you with information on any property or area that you are interested in seeing. Schools, Taxes, nearest Recreational Facilities are all inclusive to a property's area. Real Estate Agents also know how to negotiate the transaction, whether it be price or what is included in the sale. This is not something you want to go at alone. There will be another Realtor involved in the transaction-the Real Estate Agent who lists the property. The one working for the seller or owner of that property and the one that you need to keep in constant contact with being the buyer. Who is representing you, the buyer? Contact me today and you will be represented with your interests in mind. From the beginning to the end, you can be assured that your homebuying experience in RI or CT will be a good one with me, Monique Geremia as your Real Estate Agent. Contact me today for a FREE CONSULTATION!! (401)391-2324 Weichert Realtors, Suburban Properties 55 Beach Street Westerly, RI (401) 637-4902
Monique Geremia
10/12/2009
FREE HOME BUYERS SEMINAR
You are invited to a Free Home Buying Seminar located at the Kent Washington Association of Realtors sponsored by Weichert Realtors, Suburban Properties.
If you are interested or know someone who is, in Buying a Home in today's Market and learning how you may qualify in doing so, we urge you to attend this Free Seminar where you will hear important information to assist you with your Home Buying decision and the process.
In Attendance will be experienced Real Estate Agents, A Real Estate Attorney as well as a Mortgage Consultant to answer all of your questions and give you detailed information for every stage of the Home Buying Process.
Please note that this is a Free Seminar, no purchase is required and light refreshments will be served.
RSVP by 10/15 as seating is limited.
10/11/2009
ARE YOU A REAL ESTATE HOMEBUYER IN RHODE ISLAND? Are you prepared?
WHAT ARE YOUR NEEDS AS A RI REAL ESTATE HOMEBUYER?
Do you know how much you can afford? That is a good start. How about the decision to buy? Are you ready to make a purchase of this magnitude? What is your long term financial plan?
Does home ownership hurt or help that plan? Okay, now how did you decide?
Let's say you are going to make the decision to purchase a home in RI.
Have you decided on an area? Do you know that it isn't only the school systems and highway accessibility that differ from area to area, city to city or town to town?
Real Estate Taxes also differ. When you know how much you can afford and you are ready to contact me to look at houses. First review the Property Taxes for your target area. This can affect your purchasing power.
Maybe $3,000 a year doesn't fit well within your budget for the next....years. What do your property taxes entail? City Trash pick up? Maybe, but then again maybe not.
I am like many of you and do not like my time wasted. Imagine for a second, the time that is wasted on property that you are interested in and it happens to be located in Richmond, Rhode Island.
Well, lets say the homework wasn't done and you decide to look at a few wonderful 4 bedroom 2 bath houses in the town of Richmond.
Would you be happy with your decision if you discovered that there is no city trash pick up in Richmond? After you have spent all of your time and energy, your options are now, to either hire a trash pick up service at an extra cost per month or drive your discarded items to the town dump site when its open.
Maybe you are someone who doesn't or wouldn't mind. If not, Terrific and enjoy your new home. What if you did mind? How upset would this make you and most of all, how much time did you spend on looking for this dream home which you could have found in another city/town that had garbage pick up. Ponder that thought.............
This is an example of something commonly overlooked when purchasing a home. With Licenses in RI and CT, I can help you save time and inform you of other items typically overlooked. That are very important in the home buying process. Because that is it, home buying or selling is a process.
I can ensure important things are not overlooked. Call me now at (401) 391-2324.
Wichert Realtors, Suburban Properties
Monique Geremia, Licensed in RI & CT
(401) 391-2324
mgeremia@weichert.com
