As I sit here typing, I am loking at a gorgeous mountain view from our vacatiopn villa in the Shenandoah Valley in Virginia. So different from Florida.
Anyway, some important new. Legislators may extend the firt time homebuyer tax credit until September 30 from the originial closing deadline of June 30. This is to allow for all the qualifying purchases that are short sales taking longer to close than expected. Great news for Buyers.
Another bit of news, mortgage rates fall to an all time low for the year and almost as low as we have seen for the past 10 years to 4.72% for a 30 year mortgage. If this news isn't the best motivation to buy then I don't know what is. Take a look at homes for sale here
Thee seems to be no let up in the number of foreclosures coming onto the market, deals are still exceptional but if you buy a foreclosure you need to take a deep breath, put on the big boy pants and play with seasoned investors who understand the bidding process. Remember, no deals can be purchased at half the list price, most foreclosures sell for more than list price.
For buyers interested in buying at foreclosure auctions, talk to me, I will review the process and the homework you will need to do.
As always, thinking of buyiong in Florida, call me:
561-866-9372
http://www.talisellsflorida.com/
info@floridianinternational.com
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