You may believe you can save money by avoiding permits, but at resale a good buyers agent or an experienced buyer may request proof that repairs meet code requirments, if your unable to provide proper documentation you may lose the deal or open the door to renegotiation of the sale price. Severe fines and jail time can also be a risk should the local code enforcement discover these violations.

The volume of home re-sales has been on the upswing for four consecutive months. “The housing market has decisively turned for the better,” said Lawrence Yun, NAR’s chief economist.

In case there is some confusion out there about how you can use the $8000 credit offered to first time home buyers this may help.

If you are buying the home with FHA financing you still must have 3.5% of the purchase price to put down. You can use the $8,000 as an additional down payment or to pay for your closing costs.

The Governor has signed a bill regarding the possibilities of borrowing the money from the state and repaying it with the tax credit but we do not have any specifics or information on what state program will be used to work with the tax credit as down payment.

Ask my latest client. purchased a multifamily home, and within 2 months turned a profit of nearly $95,000.00.
Any market is a great market, it’s all very simple….buy right or walk away.