Just keeping you updated.....
As I am sure you already know, the $8000 tax credit has been extended to properties under contract by April 30, 2010....
Additionally they have now added a $6500 tax credit for folks buying that have owned and lived in a primary residence for 5 of the past 8 years....
Interest rates continue to hover in the 5% range for 30 year fixed mortgages....
USDA Rural Housing is still 0% down....
Prices continue at their very low levels....
Inventories are good...

All this combines to say BUY NOW!

I'm here for questions or concerns....
928-300-4718
timt@cwbanker.com

We are truly at the point where if you want to invest in real estate you should get with it...
Interest rates continue to be low, although the fed discontinuing purchasing mortgages is going to drive the rates up shortly....
It looks as though the $8K Federal Tax Credit will be extended....stand-by, we might have an answer on this my next week...
USDA Rural Housing is still making 0% down purchases available here......
If you have cash and are tired of LOW LOW interest in the financial institutions, investment property as rentals is a great alternative....

Just a reminder...we are running out of time to take advantage of the $8000 first time homebuyers credt....
Rumors from DC are that there is a 60% chance of it being extended, but so far nodda...
Call me for details...
Rates remain great...Az. State Credit Union quoted 5% on 30 year fixed on 9/18/09....

My Dad always told me..."Don't turn down anything that is free"....So, the US Government is offering you an $8,000 tax credit for the year 2009 if you purchase a home and have not purchased one in the last 36 months. You have to get this done by November 30, 2009. If you or someone you know is looking to purchase a home and take advantage of the great selection, super pricing, low interest rates, and a $8,000 tax credit on top....Move on it now! to clarify the credit...If you don't owe any taxes for the 2009 filing year, they will write you a check for $8,000...If you do owe more taxes than you have already paid in, you will receive a check for the difference of what you owe, (assuming it's not more than $8,000) and $8000.....Trust me, it's a deal! Call me with any questions....928-300-4718

Interest rates continue at historic lows as we head into this weekend....5.25% 30 year fixed, 4.50% 15 year fixed....With prices 38% below 2005 buying levels and these interest rates, anyone even remotely thinking of buying should be talking to a professional REALTOR....Honestly there is a shortage of homes on the low end ($150K and down) but you really won't ever find one if you aren't connected to an agent who is looking for you....I'm here to help and answer all those questions you have....Contact me...My cell is the best way to reach me, 928-300-4718 or email me at timt@cwbanker.com....

Shiller/Toth Agree

Read a most interesting article in which they said that Shiller estimates no increase in real estate values for at least five years, maybe as much as ten....exactly what I've been telling my clients. My point in this is...if you are waiting for a market rebound before selling your home, you are going to need plenty of patience. As I've said to plenty of people, forget 2005, it's over and done, prices have now adjusted to where they will be for some time, so accept it, and do what you must. Remember, if you sell in this market, you will be buying in the same market so...apples to apples!

Free Money

Take advantage of the Federal Tax Credit of $8,000 for "new" (haven't bought a home in three years) home owners. It's truly a credit, if you don't owe taxes at the end of 2009 when you file, you will receive the full $8,000 from the Fed. Must purchase a home by November 30th....
National Association of Realtors is working hard in Washington DC to get this changed to $15,000 with no stipulations....Keep your fingers crossed, this would be huge! Call me with any questions on this.

Think You're in Trouble

If you think you are in trouble with your mortgage, follow these two steps...

1. If you think you should qualify under the federal governments MODIFICATION program,
go to the following web page makinghomeaffordable.gov and follow the prompts....
2. If step 1 doesn't work, call me and let's talk about your situation...by answering a few simple questions we should be able to determine what direction you should go....

UNDER NO CIRCUMSTANCES, AVOID THE ISSUE....PLEASE, PLEASE, PLEASE, LET ME HELP YOU FIND THE CORRECT HELP.....

You can email me at timt@cwbanker.com or call me at 928-649-4617