Home Sales Still on Incline; Investors Buying Them Up
It was reported that there was an increase in home sales again. Part of the buyers are "flippers" who are people that see a property that needs work; buys it cheap; fixes it up and then sells it. The government lifted the ban on FHA's one-year waiver of anti-flipping rules, enabling FHA borrowers to purchase foreclosed properties from owners who have held title for less than 90 days.
If you are a first time home buyer you only have 29 days left to get into a contract (No April Fool's joke) to take advantage of the government giving you $8,000 back or if you want to move into another primary residence and have lived in your own residence for more than five years, you are probably entitled to the $6,500 move up credit (talk to your tax advisor).
What are you waiting for? Interest rates and government incentives are the best they probably will ever be.
Call either Elsie at 352-428-5232 or Julie at 352-442-9386 and let's get you moving!!