Archive for First Time Homebuyers

First Time Homebuyer and Move Up Buyer Tax Credit

Monica Ray | February 1, 2010 | 0 Comments

Missoula First-Time Home Buyer & Move- Up Home Buyer Tax Credit
New Legislation
New legislation, the Worker, Homeownership and Business Assistance Act of 2009, which was signed into law on Nov. 6, 2009, extends and expands the first-time homebuyer credit allowed by previous Acts. The new law:

Extends deadlines for purchasing and closing on a home.
Authorizes the credit for [...]

Do I have to sign a Buyer Broker Agreement if I’m going to work with a real estate agent?

Monica Ray | October 11, 2009 | 0 Comments

Do I have to sign a Buyer Broker Agreement if I’m going to work with a real estate agent?
The policies vary from company to company and from agent to agent regarding Buyer Broker Agreements as does the timing at which they are signed. Some agents require you to sign a Buyer Broker Agreement before they [...]

What Is a Buyer’s Agent & Why Should I Have One?

Monica Ray | October 11, 2009 | 0 Comments

What Is a Buyer’s Agent & Why Should I Have One?
In Montana, there are three basic types of agents in a transaction:

Seller’s Agent or Listing Agent – This is a the agent who has the listing. They have a contract with the seller that outlines the terms of the listing and any commissions that will [...]

Top 5 Tips for Home Buyers – Video

Monica Ray | September 10, 2009 | 0 Comments

Top 5 Tips for Home Buyers – Video
Here’s a video that has some great information for potential homebuyers.

 1.) Sit down with a qualified lender
2.) Honestly evaluate your Wants versus Needs in a home
3.) Pick the right Realtor(R) – One that looks after your best interest
4.) Do your homework
5.) Manage your expectations
Read about Being a VIP Buyer and how we [...]

Affordable Homes For Sale in Missoula Montana

Monica Ray | April 2, 2009 | 0 Comments

Affordable Homes For Sale in Missoula Montana
There are some really good deals on homes in the Missoula area right now, including new construction homes and homes with large yards or small acreage.
With interest rates at the lowest they’ve been in decades, now is a great time to invest in Missoula Real Estate.
View a List [...]

Lender Checklist: What You Need for a Mortgage

Monica Ray | March 8, 2009 | 0 Comments

 
Lender Checklist: What You Need for a Mortgage
 

 W-2 forms — or business tax return forms if you’re self-employed — for the last two or three years for every person signing the loan.

Copies of at least one pay stub for each person signing the loan.     

Account numbers of all your credit cards and the amounts for any [...]

8000 Tax Credit for First-Time Homebuyers of Missoula Montana Real Estate!

Kevin Ray | March 8, 2009 | 0 Comments

The American Recovery and Reinvestment Act of 2009 is trying to encourage home ownership. As part of this act, there is an $8000 tax credit for first-time homebuyers who purchase homes between January 1, 2009 and December 31, 2009.
A first-time home buyer is defined as someone who has not owned a principal residence during the three-year [...]