Thursday, May 28, 2009

First Time Home Buyers Tax Credit

Beginning July 1, first-time homebuyers will be able to use the federal $8,000 tax credit for their downpayment. With a FHA mortgage the required downpayment is 3 1/2 %, the $8000 would be enough for a $230,000 home. First-time homebuyers will be able to apply for downpayment assistance before they close on the purchase of their home, and then repay the amount borrowed when they get their tax refund. The program will operate through local county housing administrators. Details are still being worked out, however I am sure they will have to attend a first-time homebuyers class, the class if free and can be setup by your Realtor. Please contact me if you would like assistance.
Visit one of my websites at http://selldaytona.com/ or http://www.venetianbay.org/

Monday, May 18, 2009

Italian Restaurant Coming Soon

Italian restaurant coming soon. The new eatery is scheduled to open November 1st. It will be located in the Town Center on the lake side. The Venetian Bay residents have been looking forward to having a real restaurant in our community for two years. With the economy looking brighter, I believe the timing of this restaurant could not be better. I know it will be supported by all the Venetian Bay residents and the surrounding communities as well. The key to success will be the prices on the menu, if they are reasonable, the restaurant will enjoy repeat costumers.

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

Monday, May 4, 2009

Foreclosures and Short Sales

There are currently 9 homes on the short sale/foreclosure market in Venetian Bay. The listing price ranges from $165,000 to $300,000. There have been 8 short sale/foreclosures closed in the past year, the final sales price range from $216,500 to $340,000, all of them sold for within $15,000 of the list price. There are 2 homes that are under contract, their list price are $229,000 and $265,000. The inventory is starting to drop, and sales are on the rise, with the low interest rates and the great prices now is the time to buy. If you ahve been waiting for the bottom, your wait is over, contact me to show any of these homes.

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