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The title tells you everything you need to know! A very good video for home buyers from “The Balancing Act” show on cable channel “Lifetime”.  The National Association Exclusive Buyer’s Agents (NAEBA) is an organization that strives to give today’s home-buying consumers the level of service they deserve and are increasingly demanding. NAEBA members firmly believe that home buyers have the same full and equal representation rights as sellers in any real estate transaction.   We have NAEBA members throughout the world.

Exclusive Buyer Agents (EBA) are the guaranteed, highest and best representation possible for a home buyer.  We help our Buyer Clients, “Locate, Evaluate and Negotiate!”

Great information for the home buyer.

Good luck out there!

Please feel free to contact me if you need help or have questions

Home Buyer Advocate Mike

Representing People, NOT Property!

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Many home buyers and sellers in central Ohio were hoping for a third extension to the popular home buyer tax credit program.  According to the Ohio Association of Realtors (OAR) and National Association of Realtors (NAR), this appears  very unlikely to happen. 

Vicki Cox Golder, NAR President states “NAR has had extensive discussions with our congressional allies and concluded that an additional extension of the tax credit is unlikely.  While lawmakers recognize that the tax credit helped stabilize the market, it appears that much of the benefit has been realized.”

So, time is running out, we are down to the last few weeks for home buyers to claim the $8,000 first time home buyer tax credit or the $6,500 move up buyer tax credit.  You must have a found a home and have a binding sales contract by April 30th, 2010.

Review these links for more information on Tax Credit Programs:

Tax Credit For First Time Home Buyers!

 Tax Credit Bonanza

Good luck out there!

Please feel free to contact me if you need help or have questions

Home Buyer Advocate Mike

Representing People, NOT Property!

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uncle-samThe clock is ticking down for first time home buyers.  You need to act NOW to make sure that you don’t miss out on the $8,000 from Uncle Sam. 

Here is the fast, quick information you will need to see if you qualify for the $8,000 tax credit for first-time home buyers from The American Recovery and Reinvestment Act of 2009.

  • You must be a first time home buyer, defined as not owning a home in the past 3 tax years.
  • Tax credit amount is 10% of the sales price of the home up to a maximum of $8,000.
  • There is NO price limit on the sales price of home.
  • Maximum income to receive FULL tax credit is $75,000 for a single person, the limit for married couples is $150,000.
  • You can receive a PARTIAL tax credit for income levels up to $95,000 for a single person and $170,000 for married couples. 
  • There is no payback or penalty as long as you stay in home as your principal residence for 3 years.
  • You must CLOSE on your new home on or after January 1, 2009 or before December 1, 2009.   

***IMPORTANT:  Congress passes tax credit extension.  Must have binding sales contract dated on or before April 30, 2010 and close on or before June 30th, 2010. 

 

This is the quick & dirty information that you need right now for the $8,000 Tax credit.  For more detailed information you can go HERE.

It is a great time to be a home buyer.  This is the perfect time to by a home, especially 1st time home buyers, as long as your job is secure.  If you feel safe in your current employment/job, then there are just so many positive reasons to now buy a home.  Don’t miss the “gravy train!”

  • Buyer’s market
  • Really low mortgage interest rates
  • High inventory levels.  Plenty of home options
  • Depressed, low prices (buy low, sell high) 

Please contact me if you have more questions or need help.Throwing Money

IMPORTANT:  I’m just trying to help the “average Joe home owner” to understand the new $8,000 tax credit.  I have to put this” CYA” disclaimer in my post.  Please consult a tax professional or accountant for more details and eligibility questions regarding the $8,000 1st time home owner tax credit.  I’m not an accountant or tax professional.

 Good luck out there!

 Home Buyer Advocate Mike

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Great article in this past Sundays, The Columbus Dispatch newspaper about home inspections.  “Inspector aims to open eyes”.  Local home inspector, David Tamny of Professional Property Inspections will be the  new president of the American Society of Home Inspectors (ASHI).

David has been a home inspector on our company approved list for nearly 13 years.  His company web site is also on my blog roll link on left.  David is a very competent home inspector.

Suprisingly, home inspectors in the state of Ohio are still not licensed.  Home buyers have to be very careful when selecting a qualified home inspector.   A good option for home buyers to find a qualified home inspector is to check and see if the  inspector is a member in good standing with one of the two big professional trade associations.

National Associaton of Home Inspectors (NAHI) and American Society of Home Inspectors (ASHI) are the two largest home inspector trade associations in the United States.  David Tamny will be the new incoming president of the 5,800+ member AHSI. 

Make sure you take a second to read the article link on home inspections.  It is great information for possible home buyers.

Please feel free to contact me if you need help or have questions

Home Buyer Advocate Mike

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chinese-drywallThis is a follow up to my blog post on March 25th, “Toxic Drywall Could Be Largest Lawsuit In US History!”    This blog post produced record high amount of views and comments.  We really tapped into a very important topic for the consumer.

 The good news is that the Columbus Dispatch is reporting that it appears there is NO Chinese drywall in the Columbus, Ohio area.  The Columbus Dispatch did a thorough job of interviewing new home builders, home contractors, drywall suppliers and it appears that no toxic Chinese drywall made it to the Central Ohio area.

The Bad news is that the toxic Chinese drywall is definitely in the United States.  In 2005, Chinese manufacturers shipped 500 million pounds rotten-eggsof drywall mainly to southern gulf coast states of Florida, Louisiana & Texas.  Chinese drywall smells like “rotten eggs” and is being blamed for damaging furnaces and electrical wiring, tarnishing jewelry and possibly sickening families.  So the potential is still there for toxic Chinese drywall to be the largest lawsuit in US history.  Just be happy that it is not in our area.

Home Buyer Advocate Mike

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HomeBuyer Advocate Mike


Representing People, NOT Property in Columbus, Ohio. If you are a home buyer, then you need me to protect you. I can help you get the best price and terms for your next home purchase. You must use a true Buyer Broker! 1.614.805.7607

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