Hula and The Real Estate Market Today

Tons of changes for the Real Estate Market and there coming every day.

Please verify all information on your own, this is what I've read just this week in the news.

Short Sale $ for the Lender approving the sale, $ for the owner having to relocate and $ for the 2nd Lien Holder as well. All incentives given to get the Short Sale moving faster with incentives. Can't complain about this one. Check it out with your Lender, they will have the details.

$8,000.00 tax credit on 2009 taxes.....not any more, if your that 1st time homebuyer and your FHA your now able to take advantage of this $8,000. going toward your downpayment. Upfront $ will be a big bonus, but check with your Lender for the details.

And lastly, a change for sellers regarding disclosures and the change of their current toilets will need to be changed to low-flow. Not sure sure when this change will begin, but I think it's soon. Not only will sellers need to disclose but if they can't afford to retrofit, then the cost will go to the buyers before they can purchase. Not happy about this one, since sellers are already stressed and buyers don't want to start a transaction having to pay upfront costs.

That's this weeks news....who knows what next week will bring.

Work with a qualified Realtor,

Dee