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Thursday, April 15, 2010

Time is running out for the First Time Home Buyer Credit

We only have 15 days left for the First Time Home Buyer Credit. There is still time to get a contract by the end of the month and close by the end of May, but time is definitely running out.

Most of the homes on the market right now are short sales and bank owned foreclosures, and there is no way to guaranty you will be able to meet the deadlines on these homes.

The best bet is with a new construction home, the problem with this is most builders stopped building spec homes when the market started going bad, so builder inventory is very small.

The other option is conventional sales, you remember those, that is where an individual places their home on the market and a buyer can negotiate a price without 3rd party approval from a bank.

Whichever route you chose, always have a Realtor on your side tor represent your interest. Call me today to find the home of your dreams.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/







Wednesday, April 14, 2010

Buying Property with your IRA

Did you know you could buy Real Estate with your IRA? Housing prices are low, and now is a great time to scoop up a great bargain that will return a regular monthly dividend, in the form of a rental check to your retirement portfolio.
If you don't have enough money in your IRA, you can buy a percentage of a property. For instance, if you and your spouse each have $100,000 in your IRA, you could each buy 50% of a $190,000 house and still have $10,000 to cover expenses.
Not only will the value of the property likely increase, you will also be increasing the value of your IRA with the monthly rental income. And if you are using a Roth IRA, it will be all tax free income when you retire.
Call me today to discuss this great opportunity to take advantage of the low housing prices.

Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/