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First Time Home Buyers, BUY NOW

Wednesday, February 3rd, 2010 at 2:21pm. 69 Views, 0 Comments.

It is time for the first time home buyers or buyers looking to utilize a FHA loan to buy now.

 

All indications from HUD are changes are coming soon to the FHA loan product which requires only 3.5% down. It looks that HUD is going to reduce seller concessions to 3% from 6%. This means that the seller will only be allowed to pay up to 3% in closing costs for the buyer. For example, on a $200,000 purchase, the seller can currently contribute $12,000 towards closing costs and escrows, in the future the seller will only be able to contribute $6,000. This will cause some buyers to not qualify to purchase a home until they have saved more money. This is going to potentially result in the buyer to bring more money to the closing table.

 

In addition, they are…

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How to buy a foreclosure- warning, this is funny

Monday, October 12th, 2009 at 8:43am. 190 Views, 2 Comments.

This is so funny, yet so true. Please let me know your thoughts.

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Atlanta's Tour Guide

Sunday, August 16th, 2009 at 7:46am. 253 Views, 1 Comments.

Here is a cool video of some of the hot spots in Atlanta. If you have any questions, please contact me directly.

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Tip on buying a home in this market

Saturday, May 16th, 2009 at 9:31am. 337 Views, 0 Comments.

Here are a few tips on buying home in the Atlanta market. There are a few misconceptions out there on what the market is or isn't doing. This short and to the point video will give you some helpful tips on what to do next.

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