Long Island Real Estate Market - Buying A Home on Long Island - What Are You Waiting For?
The first time home buyer tax credit will expire on 4/30/2010 and it doesn't look like the government will extend it this time around. You need to be in contract by that date.
Are you on the fence about buying your first home? Ask yourself why you are hesitant.
It's always a good idea to get pre-approved for a mortgage because you will know better as to how much house you can afford. Getting 2 pre-approvals is always a good rule of thumb. Make sure to get those 2 pre-approvals within 30 days because it will only count as 1 inquiry on your credit report and not 2 inquiries.
The first bank of choice should be the bank you currently deal with that holds your checking and savings accounts. The second can be from the mortgage professional that is associated with the real estate brokerage your agent is working from.
At my Coldwell Banker office, we have an awesome mortgage professional that will sit down with you to find you the best mortgage program. Some clients think they can't get approved for 10% down or less being that banks have tightened their requirements. Not true. Banks are giving mortgages to qualified buyers plain and simple.
I know 4/30/2010 is four months away but do not assume you will find your dream home in a week. It may take one week or a few months to find that house you will call home. I have a lot of patience when working with clients and work hard to find that dream home for them. I want to see you in a home you love as opposed to just liking.
So, get off the fence and take advantage of the $8,000.00 first time home buyer tax credit! Your new home is out there waiting for you.
Have a Happy New Year everyone!
Cell: (631) 703-0201
Office: (631) 226-5995 Ext. 242
Email: JackieC@century21aa.com
Website: www.longislandrealestatelady.com
Website: www.lindenhurstnyrealestate.com
Blog: http://jackieconnellyfornuff.com
Skype ID: LIRealEstateLady
