Brandi Nelson, Realtor
Century 21 Signature Real Estate
306 S. 16th Street, Ames, Iowa
515-291-0914
Each office independently owned & operated.
Licensend salesperson in the state of Iowa.
Friday, January 30, 2009
Internet Home Buying #2
Let's cover another pitfall of internet home buying and searching. When you search for the perfect home online you may be missing out. The internet is black and white, cut and dried... if you search for 3 bedroom, 2 bath between $200,000-250,000 then you might miss out on the perfect 3 bedroom 1 and 3/4 bathroom that's priced to sell at $199,000. Also some search engines take 2-3 days to pull new listing information. You may miss out on the perfect house that was a steal just because another buyer's Realtor called them the second the house was listed and offered for sale, you didn't even know it was for sale yet. Many Realtors also know of homes that will be coming up for sale soon too. Maybe the sellers are still cleaning and decluttering, or they are waiting until the weather gets better... these homes you won't find on any website until they're ready.
Thursday, January 29, 2009
Internet Home Buying
Internet home buying and research is more and more common everyday. Although I do recommend using the internet to supplement your search and help narrow down the possibilities, I still feel that Realtors are a beneficial part of the process.
Pitfall #1 of Internet home buying... thinking you can do it all yourself. The internet makes all of us feel extremely capable! We can take on the world, afterall Google told us we could! Buying a home or property is a very big decision in your life and can have huge financial consequences. There are also a lot of legalalities involved. Both buyers and sellers should seek the help and opinions of a good Realtor that knows the current, local market and a legal attorney who works with the real estate sector and laws as their main business.
Pitfall #1 of Internet home buying... thinking you can do it all yourself. The internet makes all of us feel extremely capable! We can take on the world, afterall Google told us we could! Buying a home or property is a very big decision in your life and can have huge financial consequences. There are also a lot of legalalities involved. Both buyers and sellers should seek the help and opinions of a good Realtor that knows the current, local market and a legal attorney who works with the real estate sector and laws as their main business.
Brandi Nelson, Realtor
Century 21 Signature Real Estate
306 S. 16th Street, Ames, Iowa
515-291-0914
Each office independently owned & operated.
Licensed salesperson in the state of Iowa.
Wednesday, January 21, 2009
Lease to Purchase
If you have poor credit, no credit or just have "issues" with getting traditional financing for a house, you still have options. Buying on contract or lease to purchase arrangements are available and I have a good source for you. If you are interested in more information on how these programs might work, just give me a call!
Brandi Nelson, Realtor
Century 21 Signature Real Estate
306 S. 16th, Ames, Iowa
www.hill-nelson.com
515-291-0914
Each office independently owned & operated.
Licensed salesperson in the state of Iowa.
Brandi Nelson, Realtor
Century 21 Signature Real Estate
306 S. 16th, Ames, Iowa
www.hill-nelson.com
515-291-0914
Each office independently owned & operated.
Licensed salesperson in the state of Iowa.
Saturday, January 17, 2009
The market might be turning around...
I think this real estate market might be turning around... in the last 10 days I've missed out on buying two homes for my clients. Both homes had not been on the market very long, were priced right and sold shortly before my clients were ready to write offers.
Brandi Nelson, Realtor
Century 21 Signature Real Estate
306 S. 16th, Ames, Iowa
www.hill-nelson.com
515-291-0914
Licensed Realtor in the state of Iowa
Each office independently owned & operated.
Brandi Nelson, Realtor
Century 21 Signature Real Estate
306 S. 16th, Ames, Iowa
www.hill-nelson.com
515-291-0914
Licensed Realtor in the state of Iowa
Each office independently owned & operated.
Tuesday, January 6, 2009
Activity on the Ames Multiple Listing Service
On the Ames Multiple Listing Service... In November there were 54 homes sold and in December 50 homes sold. The average days on market is currently 136 days.
Brandi Nelson - The Hill-Nelson Real Estate Team
Century 21 Signature Real Estate, Ames, Iowa
Each office independently owned & operated.
515-291-0914 (cell phone)
www.hill-nelson.com
Brandi Nelson - The Hill-Nelson Real Estate Team
Century 21 Signature Real Estate, Ames, Iowa
Each office independently owned & operated.
515-291-0914 (cell phone)
www.hill-nelson.com
Sunday, January 4, 2009
Home Buyer Tax Credit: How It Works
Daily Real Estate News December 29, 2008
Home Buyer Tax Credit: How It Works
First-time homebuyers in 2008 can take an income-tax credit on their purchase, thanks to passage in Congress earlier this year of the first-time home buyer tax credit.
The definition of first-time homebuyer is generous. To get the credit, the homebuyer cannot have owned a home in the previous three years. The home must be a principal residence and purchased between April 9, 2008 and July 1, 2009.
The credit is equal to 10 percent of the purchase price, up to $7,500. Single taxpayers with modified adjusted gross income up to $75,000 and couples with MAGI up to $150,000 will qualify for full credit. Singles with MAGI up to $95,000 and couples with MAGI up to $170,000 will get a reduced amount. Those with higher incomes don’t qualify.
If the amount of tax a homebuyer owes is less than the amount of the credit, they get to keep the difference in the form of an IRS refund.
The homebuyer must begin to repay the credit in two years in increments of about $500 a year over a 15-year period for those who received the full creditHomebuyers who sell their home before the credit is repaid must pay off the loan with any profits. If they sell the home at a loss, the loan is forgiven.
[Editor's Note: The credit is set to expire in mid-2009, although industry groups, including the NATIONAL ASSOCIATION OF REALTORS®, are encouraging Congress to extend it. NAR is also encouraging Congress to make the credit available to all buyers and to eliminate the repayment requirement. More detail on how the credit works is available from NAR on REALTOR.org.
Source: Chicago Tribune, Mary Umberger (12/28/2008)
Brandi Nelson - The Hill-Nelson Real Estate Team
Century 21 Signature Real Estate, Ames, Iowa
Each office independently owned & operated.
515-291-0914 (cell phone) www.hill-nelson.com
Home Buyer Tax Credit: How It Works
First-time homebuyers in 2008 can take an income-tax credit on their purchase, thanks to passage in Congress earlier this year of the first-time home buyer tax credit.
The definition of first-time homebuyer is generous. To get the credit, the homebuyer cannot have owned a home in the previous three years. The home must be a principal residence and purchased between April 9, 2008 and July 1, 2009.
The credit is equal to 10 percent of the purchase price, up to $7,500. Single taxpayers with modified adjusted gross income up to $75,000 and couples with MAGI up to $150,000 will qualify for full credit. Singles with MAGI up to $95,000 and couples with MAGI up to $170,000 will get a reduced amount. Those with higher incomes don’t qualify.
If the amount of tax a homebuyer owes is less than the amount of the credit, they get to keep the difference in the form of an IRS refund.
The homebuyer must begin to repay the credit in two years in increments of about $500 a year over a 15-year period for those who received the full creditHomebuyers who sell their home before the credit is repaid must pay off the loan with any profits. If they sell the home at a loss, the loan is forgiven.
[Editor's Note: The credit is set to expire in mid-2009, although industry groups, including the NATIONAL ASSOCIATION OF REALTORS®, are encouraging Congress to extend it. NAR is also encouraging Congress to make the credit available to all buyers and to eliminate the repayment requirement. More detail on how the credit works is available from NAR on REALTOR.org.
Source: Chicago Tribune, Mary Umberger (12/28/2008)
Brandi Nelson - The Hill-Nelson Real Estate Team
Century 21 Signature Real Estate, Ames, Iowa
Each office independently owned & operated.
515-291-0914 (cell phone) www.hill-nelson.com
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