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Contract must be signedby April 30 A really good article appeared in the Cincinnati Enquirer today by Enquirer reporter Ms. Lisa Bernard-Kuhn. In the article, which is much more than a brief summary, Ms. Bernard-Kuhn outlines the timing issues (April 30th and July 1st), the two types for credits for first-time and “move-up” buyers, and the potential effects or issues that short sales could have. This time around is pretty important, because many real estate watchers are predicting that these tax credits will not be renewed when they expire this spring. If you’re in the market or considering making a real estate move this year, it’s not too late to make a plan and take advantage of the tax credits. Why wait? It’s like free money. You can access the complete Cinicinnat Enquirer article by following this link. |
Act now or risk losing home tax credit
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What is a Home Warranty?
A home warranty is a service contract, normally for one year, which helps protect home owners against the cost of unexpected covered repairs or replacement on their major systems and appliances that break down due to normal wear and tear. Coverage is for systems and appliances in good working order at the start of the contract.
What is a Short Sale?
If a home is being sold for below what the current seller owes on the property—and the seller does not have other funds to make up the difference at closing—the sale is considered a short sale. A short sale is different from a foreclosure, which is when the seller's lender has taken title of the home and is selling it directly. Homeowners often try to accomplish a short sale in order to avoid foreclosure.
