BUY HOMES NOW! Cranberry Township, Mars, Adams and Butler Pa
Why should you buy now ? Here are some reasons:
Mortgage Rates Are At All-Time Lows
Mortgage rates reached their 2008 apex in July, when the long-term average rate hovered just below 7%. They’ve since plummeted to below 5%, and there’s strong evidence supporting the idea that mortgage rates could dip to an even lower figure before we reach the fourth quarter. This makes financing your home significantly easier, as the money you spend over a thirty year period paying off your house gets lowered to something you may actually be able to afford.
Less Buyers Means More Negotiating Power for You
Those real estate agents still need to sell their homes, and the fact that there exists less competition on the homes you’re considering could translate into better savings for you. Be smart when talking to agents, and remember that the struggling market has given you the upper hand in determining price. See www.PierreandGia.com for more information!
Desperate Times call for Desperate Measures for the FHA
The Federal Housing Administration is offering 3.5%-down mortgages to qualified buyers despite the fact that the subprime loans these types of buyers would be borrowing from have already dried up. Last year, over 630,000 individuals bought homes in part because of the FHA’s low down mortgage rate, and there are many experts who believe that FHA loans have been the driving force behind real estate sales recently. Applying for an FHA loan is rather easy.
Newfound Guidelines put on Fannie and Freddie
According to CNN, one of the major contributors to the rapidly increasing price of homes in the past few years was that home appraisers, pressured by loan officers and mortgage brokers, would inflate home values. As a result, homebuyers would either end up paying more or would be put in a situation in which they couldn’t handle their mortgage payments.
The Federal Housing Financing Agency recently announced the Valuation Code of Conduct, which will take effect this May and serve as an attempt to improve the reliability of appraisals for mortgages sold to Fannie Mae and Freddie Mac. Under the VCC, lenders are now prohibited from influencing home values appraisers may come to.
Home Prices are Dropping
Home foreclosures have a close relation with home prices, and the fact that so many people have been forced to foreclose make it easy to predict that the price of homes across the country have dropped a great deal. Nationally, prices have fallen more than 21% in the past year, and the national average has gone down each of the last 27 months.
Experts indicate that we haven’t seen the bottom yet, but planning for that bottom and hitting the housing market at the perfect time may be more difficult than worth your while. Keep a close eye on the national average and the S&P/Case-Shiller 20-city Home Price Index, but don’t rule out diving into the housing market before a talking head on television tells you that home prices have reached rock bottom
Tax Credit! Tax Credit! Tax Credit!
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
· Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
· Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. If you have specific questions or need additional information, please contact a tax professional, the Internal Revenue Service or www.PierreandGia.com at 724-96House .
Do you have more questions? Contact www.PierreandGia.com
Pierre Khoury and Gia Albanowski, are Real Estate Experts. We provide boutique style Real Estate, New Construction and Relocation Services for Northern Pittsburgh, Cranberry Township, Adams Township, Seven Fields, Mars and Butler Pennsylvania ( Call 724-96HOUSE)
Our business is high tech because today’s consumer is electronically “linked in!” The business world is one of speed, agility and broad reach. So our service mirrors this. We have sold homes to buyers from all over the nation. Many of our customers found us through our exclusive internet marketing plan. We have a multitude of technological tools that enable us to market, communicate, and sell homes better and faster. We stay on top of new advances to better serve our clients and provide real tangible value.
We strive for excellence, pay attention to detail and deliver exceptional customer service! No detail is insignificant. Contact us today for assistance with your real estate, new construction or relocation needs.
We have new construction, townhouses, condos, single family and commercial properties for sale NOW!
http://pierreandgia.com/listings.aspx
Condo or Townhouse for Sale in Cranberry Township Pa? What’s the difference? Look at Bellevue Park and the Villas of Isleworth near the new Dick's Sporting Goods Sportsplex at Graham Park- www.pierreandgia.com
Due to increased prices of single family homes and changes in lifestyle, many people are choosing to buy condos and townhomes. But what is the difference? What are the advantages?
To begin, prices are generally lower, upkeep, maintenance and yard work is kept to a minimum and the cost-of-ownership is often much less than a traditional, single-family home. Although condos & townhomes often get lumped together in discussions of multifamily, low-maintenance communities, there are a few main differences between condos and townhomes:
A condo is a house where you own the interior of the structure, however the outside is owned and maintained by a Condo Association. There is no ownership of the land, per se.
A townhouse is one of several attached structures, similar to duplex. Yet, generally, there are more than two. Also, townhomes usually belong to an HOA (homeowners association). Also similar to duplex, the land and structure are one deed.
There is a legal difference in ownership as well. A townhome is usually owned in fee simple. In other words, the owner of a townhome has property rights that extend to the yard around the townhome and the air above it. By contrast, a condominium owner's property rights only extend to the walls of the structure. For that reason, condominium ownership is often accompanied by association fees which cover shared maintenance of extra amenities like pools and tennis courts as well as providing for general upkeep of shared property such as the roofs of buildings or the walkways between buildings.
A great example of the 2 can be found in Cranberry Township in Bellevue Park. This new community is located directly adjacent to the new Dick's Sporting Goods Sportsplex at Graham Park. It features condos- The Villas at Isleworth and Townhomes. This Unique location offers a touch of country within Cranberry Township with exceptional convenience to shopping, entertainment, and medical services and the new Dick's Sporting Goods Sportsplex at Graham Park.
The Villas at Isleworth and the single family homes sites are developed and sold by Weaver Master Builders. They feature a unique single story living concept with amenities like lofts, cathedral ceilings and sun rooms. You can link to the floodplains from my site: http://pierreandgia.com/newconstruction.aspx.
At the Villas, the community features a clubhouse, swimming pool and work out facility. Maintenance free living is the key to the condo association. No cutting grass, shoveling snow or exterior care of your home! The condo association handles this for you.
If you would like or need more information-
Call, text or e-mail - 724-96HOUSE
info@pierreandgia.com
www.pierreandgia.com