First Time Home Buyers

For first time home buyers the day of no more 8,000 tax credit is appproaching. The tax credit os only good if you close on your property by November 30. And since it takes about 30-45 days tp close on a home. Your have only about a month to a month in a half to take advantage of this deal!! Now there has been some rumors out there that about increasing the crdit amount or extending the credit deadline. Right now according to Realtor.com(See attached link) there is a bill that would up the tax credit to $15,000 but don't count on that happening.

http://www.realtor.org/RMODaily.nsf/pages/News2009082401?OpenDocument

Anyways, look me up if you have any questions regarding real estate in Northwest Indiana!!!!!

Second Quarter Existing Homes Sales Rose in Second Quarter

Exsisting home sales rose in the second quarter 3.8%. These sales are a result of lower interest rate, lower home prices and the first-time buyer tax credit. Indiana is one of the states that has seen double digit gains. The median sales price in the Midwest was 148,000 per home
See attached link from Realtor.com for more information on these numbers.

http://www.realtor.org/RMODaily.nsf/pages/News2009081201?OpenDocument

If you have any question in regard to the Northwest Indiana Real Estate Market give me a holler!

For Sale: 3BR/1BA Single Family House in Hebron, IN, $127,000

For Sale: 3BR/1BA Single Family House in Hebron, IN, $127,000

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Porter County Real Estate Numbers Jan.1 - August 1 2009

Currently in Porter County there is 1,340 properties for sale, with an average Days on the Market of 139 days, with an average list price of $287,984. Pending sales are at 232 with an average of 130 days on the market. Sold's in Porter County are broken down with 696 since the begining of the year with an average price of $188,586 per home. And the average days on the market is 115. 404 of those sold homes are in the 100K-250K range.

100% Finanancing for Homes in Rural Area

Thinking about moving but still don't have enought money. Check out the USDA loans. These loans are for buyers who can qualify and they require no money down. Now they have to be in rural area such as Lowell, Hebron, Demotte, Wheatfield etc. Loans are for 30 years and the house must meet the same condition requirements for an FHA home loan. Check out the site below for more information in regard to there loan programs. This program does work because I have done two of these deals already this year.

USDA Website for Rural Loans
http://www.rurdev.usda.gov/RHS/sfh/brief_rhguar.htm

If you have any questions, give me a holler!!!!

For Sale: 4BR/3BA Single Family House in Hobart, IN, $172,000

For Sale: 4BR/3BA Single Family House in Hobart, IN, $172,000

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