NHA Owner Participant Information Systems

For those homeowners who are participants or who are interested in receiving information about the Housing Choice Voucher Program (Section 8) there will be a seminar discussing dealing w/ difficult tenants, there will be a Q&A open session and a general session for spanish speaking homeowners accepting section 8. Seminar will be held on December 11, 2008 and February 12, 2009 from 6-7:30pm. Held at 500 Broad St Nwk NJ 07102. Register in advance by calling 9732736261 to reserve your seat.

I WANT TO HEAR FROM YOU!

I want to hear from the people who read this blog...Tell me what you would like to know about the real estate market. Maybe you are "hanging on the fence" trying to decide if you should buy in this market but there are things holding you back, there's soooo many questions...ASK ME! I am trying to make this blog interactive but most importantly want to post articles that my readers WANT to read.

Simply click on the comment icon and type in your question. You can ask questions about any aspect of the real estate market; whether it be buying, selling, financing options, Investings, Losing your home to foreclosure, Renting, Property Management for Landlords, Steps on how to buy a home...the list can go on and on when it comes to real estate.

I would be more than happy to respond by posting my response.

Incentives to Buy In This Market

Think About This!

For those of you who are hanging on the fence trying to decide whether or not they want to purchase a home, NOW IS THE TIME TO BUY! Who said we are in a bad market. Don't believe the hype! House prices have had BIG declines which creates opportunity for those individuals (future homeowners) who couldn't afford to buy a house (back) in the "blooming" market just two-three years ago. Take advantage...the government is acting on the problem by creating these bills and now this $7500 First-time home buyer tax credit to create an incentive to buy, if the decline in market values wasn't enough. I specialize in helping First-Time HomeBuyers. I am also a tax preparer, so for those who want to read over the terms of the tax credit read it on my other blog at http://www.247notarytaxservices.blogspot.com/.

Connect with me to discuss financing options. FHA is the way right now. With a min 3% down you can get qualified for that new home. For those homes that need some updated, FHA 203K will allow up to $35,000 for repair cost. And then for tax season of 2008 you can claim the Homebuyer tax credit (if you qualify) and receive a (bigger) refund.

If you want to chat about this post, or have any questions feel free to reach out to me. You can signup to receive listings of homes on the market (free of charge) by email. Your privacy is extremely important and I donot sell your email address to any third party. Simply click on this link a new window will pop out and simply fill out the information .Please be as truthful as possible and as specific as possible so I can send the right match of homes that your are looking for.

You can also view my website (which needs some updating...sorry!) @ 973house.com But feel free to look around...you can email me with any questions or call me @ 973.392.3929.

Looking forward to working with you!

Rent Vs. Buy

Why Rent When you can buy?

Look at How Much You Are Spending On Rent!!!

RENT 3 YRS 10 YRS 15 YRS
$900 $32,400 $108,000 $162,000
$1,000 $35,000 $120,000 $180,000
$1,100 $39,600 $132,000 $198,000
$1,200 $43,200 $144,000 $216,000

Did You Know...
For the same amount of money that you are spending on rent you can be the owner of your own home? So Why waste money every month? We can make this dream come true, even if you have had credit problems in the past.

Other benefits of owning a home...TAX BENEFITS. When you rent you are only giving your landlord a bigger refund because he can expense everything (well almost everything) on his taxes. If you buy a single family home you can file schedule-A and expense your mortgage interest, annual real estate taxes, charitable donations and medical & dental expenses. If you buy a two family home, if you occupy one unit, you could claim any expenses related to the property from the percentage (by square footage) that is rented. For example: 55% of the home is rented and you pay all the utilities for the entire house which totals $3,600 then ($3600/55%=$1980), $1980 would be the amount claimed for utilities. Other expenses you can claim (besides utilities) for a multifamily home is advertising, repairs, cleaning/maintenance fees, insurance, management fees, supplies, taxes, mortgage interest and you can also depreciate the property.

AND now for 2008 you would be able to claim the $7500 First-Time HomeBuyer Tax Credit. You can read my tax blog to get more info on the Tax Credit. So as you can see it is very beneficial when it comes to taxes to own a home besides renting.

Prices have dropped. Don't think because the economy is suffering right now that it will be like this forever. Real estate is the best investment you can make. Records show that real estate almost always doubles in value if kept long-term. If you buy in this down market when the market turns around again you will be sitting on a pot of gold.

FHA has great loans that are government insured. They are fixed-rate programs that allow Not so perfect to qualify. And if you can't qualify on your own they allow more than one co-signer. The minimum you would have to put down on a FHA loan is 3% of the purchase price. But in reference to closing costs, depending on what type of home you decide to purchase, we can include the closing costs for the seller to pay so you don't have to pay them out of your pocket. I will have to go over the different types of homes (Re-sale, Short-Sale, & REO) in another posting.

Just to give a little background, I am also a tax preparer. I have been providing tax preparation since 2004. You can talk to your preferred tax preparer or CPA in reference to what type of deductions are allow when owning a home.

If you have any questions, click on the comments icon and post away!

**Information deemed reliable but not guaranteed

Custom Built Bayfront Home (Jersey Shore) Open House!

4 Bedrooms, 2 1/2 Baths bay front custom home built in 1998; 2274 Sq Ft with 3 levels.

Open House 10/5 & 10/12 from 11am to 4pm

Most Desirable street in Manasquan, Cul-de-sac. This home gives a new meaning to open layout, pride of ownership. Beautifully lit-stone paved driveway for 3 cars and a great feel of comfort at the shore. Sunken living room & family room area w/chestnut hardwood floors 30ft ceiling and a full wall of windows overlooking the lagoon. Home is equipped with 2 zoned a/c and heat. Open kitchen w/stainless steel top-line appliances and granite counters. New deck outside w/hot-tub, a new outside shower, outside lightening, and Jet Ski Dock. Great layout in Master suite w/ Jacuzzi, double sinks & balcony.

It is truly a fantastic home and a must-see. 9 Captains ct. Manasquan, NJ 08736

Call for more information Amanda M. Rodriguez (973) 392-3929 OR Visit http://amandamrodriguez.point2agent.com/Listing/ViewListingDetailsAuthenticated.aspx?preview=true&listingid=2012960

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