Posts Tagged ‘jacksonville home buyers’

Yes, the tax credit has expired, but there are still many compelling reasons to buy now.

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In today’s market, many consumers are asking this question. While the benefits of renting – no maintenance, no taxes, lower cost – seem appealing to many, most consumers say that they would rather buy than own if financially possible. Click here to read the full article.

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Buyers cite many reasons for selecting FHA financing. The most popular reason was that FHA requires the lowest down payment, only 3.5%. Other reasons given in the survey of homebuyers included more flexible lending guidelines in regards to credit score and income. For the full survey results, click here.

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If you are considering making an offer on a short sale property, it would be worthwhile to wait until April 5th. The new regulations beginning on that date will provide financial incentives to banks to respond to offers on short sale properties within 10 days. I’ve had these offers drag out for MONTHS and it is not a good experience for anyone involved in the transaction. Hopefully this will help clear out some of the short sale inventory and begin to stablize the housing market!

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