1st Time Buyers Are Driving This Market - A Recent Inquiry

Recently, we recieved an email from a prospect looking for more information on buying a home and asking about the tax incentives for this year. this was our reply:

With regards to your tax questions please seek the advise of your accountant. Respectfully, we work with ready to purchase already approved buyers as this market is crazy and a waste of time if your are not approved for a loan. With the market the way it is if you were looking at homes today anything you would like to purchase would be sold in less than a week with multi offiers. I would recommend you contact us about a month before you decide to purchase. In the mean time I would recommend that you put your credit house in order. Know your credit scores, work off any negatives, save some CASH for the down payment 3.5% of the purchase price, stay employed. When you are ready Steve and I could put you in front of one of our lenders and help to get you pre qualified for a home loan.

 Below are the present programs in the market.....

Nevada Bond Program (State of Nevada finances your down payment) (Must Qualify)
FHA (3.5% Down Payment) (Must Qualify)
VA (As little as $1 down) (Must Qualify)
Conventional (20% down payment) (Must Qualify)

All above loans require the following:

Must have credit scores 600+
Must be steadily employed for two year.
Must be first time home buyer or not owned a home in the last 3 years.
All have income cap requirement and you will need to have CASH for the down payment and closing cost.

Thank you for responding....please keep in touch and give us a call "When you are ready to Purchase"

Steve Harless/Steven Mack Rhodes "The Steve Team" - Realty World Luxury Homes