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Charleston Air Force Base

FOR MILITARY ONLY!

Military Extension of the Home-Buyer Tax Credit

Members of the military who serve outside the U.S. for at least 90 days between December 31, 2008, and May 1, 2010, have an extra year to buy a home and qualify for the $8,000 first-time home-buyer credit or the $6,500 credit for longtime homeowners who buy a new home. Instead of having to enter a binding contract to buy a principal residence by April 30, 2010, and close on the house by June 30, 2010 -- which is the rule for everyone else -- service members have until April 30, 2011, to sign a contract and until June 30, 2011, to close on the sale.

This extension also applies to members of the Foreign Service and employees of the intelligence community who are serving on official extended duty outside the U.S. In both cases, only one spouse must be serving on official extended duty to qualify for the extension.

Take advantage in Charleston Air Force Base real estate market!

For more info:

Jodie Hurt

militaryhomeseller@gmail.com

Ph:843-819-4398

Charleston Air Force Base, SC Real Estate For Sale - Jodie Hurt

I specialize in helping military families enjoy a smooth PCS in and out of Charleston Air Force Base, South Carolina. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!

Charleston AFB Home Buyers Will Pay Thousands More This Spring

Don’t Wait to Buy

Waiting a few extra days or weeks to purchase a home this spring could cost Charleston AFB home buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements several changes for loans guaranteed by the Federal Housing Authority (FHA).

Coming just weeks before the April 30 deadline for the Home Buyer Tax Credit and just days after the March 31 expiration of the Federal Reserve Board's mortgage backed securities purchase program (which has kept home loan rates artificially low for over a year), these FHA changes make it even more important to act now to save big.

Here are a few reasons why home buyers must

ACT NOW:

On April 5th, the cost of required up-front mortgage insurance for loans guaranteed by the FHA will increase from 1.75% to 2.25%. For a borrower purchasing a $200,000 home with a $7,000 down payment, the up-front mortgage insurance will increase by $965. Up-front mortgage insurance is typically financed in the final loan amount so the impact to a monthly payment will be minimal but overall, the increase is still borne by the borrower both upfront and monthly.

Later this spring, the amount of money that a seller can return to the buyer from their sale proceeds will be reduced from 6% to 3%. The reduction in these "seller concessions" can increase the amount of cash a buyer will be required to pay at closing by $6,000 for a home purchase of $200,000.

There is only one way to avoid being affected by all of these costly changes that lie ahead –

 FIND A HOME now and submit all FHA mortgage applications by the last week of March 2010.

 Charleston Air Force Base, SC Real Estate For Sale - Jodie Hurt

I specialize in helping military families enjoy a smooth PCS in and out of Charleston Air Force Base, South Carolina. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!

Five Reasons to Buy a Home NOW

Affordability returns to Charleston AFB housing, and Charleston buyers have loads of negotiating power.

Afraid to buy a home with the economy tanking and home prices continuing to fall?  Overcoming intimidation and fear might lead you to the home-buying opportunity of a lifetime.

1.     Ask for price reductions, improvements, closing costs -- whatever -- and the seller, desperately trying to get a contract, is very likely to work with you. As the market starts improving, your negotiating power will diminish.

2.     You have a large inventory to choose from. A large selection gives buyers more choices and drives down prices. And home sellers have gotten the picture.

3.     Builders are offering big discounts and are getting even more aggressive with their pricing. Walk in with a REALTOR® and preapproval for a mortgage, make an offer. If you walk away without making a deal, the builder will call your REALTOR® back to reconsider that offer rather than let a potential buyer get away.

4.       Mortgage rates are historically low. It's not just the price of the home that will affect affordability; mortgage terms will also affect your monthly payments. These days, rates are very attractive for mortgage loans.

5.      You can get a federal tax credit. There's now a federal credit of up to $8,000 for home buyers who haven't owned a home in at least three years. Unlike the previous credit, this is money that doesn't have to be paid back. That extra cash will always come in handy!

Waiting for further federal developments, however, will drastically reduce a buyer's negotiating power, as more people get back into the market and competition returns. Also, the tax credit deadline is June 30, 2010.

This may be your last opportunity to take advantage of this incredible buyer’s market! Search the ENTIRE Charleston Area MLS HERE

Jodie Hurt – Charleston Air Force Base, SC Real Estate For Sale

I specialize in helping military families enjoy a smooth PCS in and out of Charleston Air Force Base, South Carolina. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!

Use Your Tax Return to BUY A HOUSE

 Charleston Air Force Base, South Carolina

Thinking about buying a house near Charleston Air Force base with your tax return cash? Want to take advantage of FHA’s low down payment requirements?

You may want to act now because TIME IS RUNNING OUT.

Charleston Air Force base homebuyers may soon be required to provide more cash up front and meet higher credit scores to qualify for an FHA mortgage. 

Housing and Urban Development Secretary Shaun Donovan told a House committee Wednesday that the administration wants borrowers to have a stronger equity position on their loans. One possibility would be raising the current 3.5 percent FHA down payment requirement. Proposed legislation in Congress would raise the down payment required to 5 percent.

Donovan also wants to reduce seller inducements, such as offers to pay closing costs, to no more than 3 percent of the purchase price. Donovan said the current 6 percent level creates incentives to inflate the appraised value of the property.

AS OF RIGHT NOW…

 The FHA program makes buying a Charleston Air Force base home easier and less expensive than other types of real estate mortgage programs. Some highlights of the FHA loan program are:

• Minimal Down Payment and Closing Costs.

·         Down payment less than 3.5% of Sales Price

·         Use your tax return as your down payment

·         Gift for down payment and closing costs allowed.

·         FHA regulated closing costs.

·         Seller can credit up to 6% of sales price towards buyers costs.

These advantages of the FHA loan program has made it one of the best options for most first time home buyers as well as move-up home buyers who want to use their tax return cash as a down payment.

Don’t miss the opportunity to invest in your future with minimal cash out of pocket!

Jodie Hurt - Charleston Air Force Base, SC Military Relocation Specialist - Real Estate I specialize in helping military families enjoy a smooth PCS in and out of Charleston Air Force Base, South Carolina. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!

Charleston AFB Real Estate

LAST CHANCE for Tax Credit!

Charleston AFB is quickly approaching the deadline for those military families wanting to take advantage of the $8,000 homebuyer tax credit. If you’re on the fence about buying a home near Charleston AFB, South Carolina– You’re time is running out! The deadline to purchase is DEC. 1, 2009.

2009 American Recovery and Reinvestment Act, Explained

Homebuyer Provisions

For ALL Charleston AFB Real Estate listings check out www.militaryhomescharleston.com

Search the ENTIRE Charleston, SC MLS

Jodie Hurt – Charleston Air Force Base, SC Real Estate For Sale

I specialize in helping military families enjoy a smooth PCS in and out of Charleston Air Force Base, South Carolina. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!

Let me refer you to a great military REALTOR anywhere in the COUNTRY!

Charleston AFB Home Buyers

 GET OFF THE FENCE!

In the Charleston AFB real estate market, there is substantial opportunity for buyers to snag great deals. So, if you are one of those “on the fence” buyers, it is time to cross over and TAKE ADVANTAGE of these great deals.

Here are 4 reasons why you gotta take the leap.

1. Mortgage Rates – Charleston AFB mortgage rates are still low at about 5.25%. This WILL NOT last forever. Why take a chance that the rate will decrease? It will most likely increase.

2. Repairs and Inspections - In the Charleston AFB market, sellers are more willing to negotiate for repairs or offer financial consideration or concessions for inspection items. When the market turns, there will be many more sellers not willing to do anything. Of course if a seller agrees to sell a property for a great price, there will not be too much negotiation room left for repairs.

3. Summer PCS Season - We are approaching the Charleston AFB high PCS season.  Many Charleston AFB homes for sale are getting bought – and FAST.   Many of these Charleston AFB properties are selling below market value and the supply will not last forever. You may be surprised to see the prices on Charleston AFB homes.

4. First time home buyer tax credits of $8,000 – Charleston AFB buyers have until the end of November to close on a property and take advantage of this incentive. This is no longer an interest-free loan; you won’t need to pay it back! These are incentives that rarely come along to home buyers. Remember as a first time home buyer you may qualify for an FHA loan, which allows down payments as low as 3.5% on your Charleston AFB home.

Charleston Air Force Base, SC Real Estate For Sale - Jodie Hurt

I specialize in helping military families enjoy a smooth PCS in and out of Charleston Air Force Base, South Carolina. I have a passion for helping people, and I love what I do. Call me (843) 819-4398 and let me make this the easiest PCS yet!