Posts from April 2010
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15
Home Buyers Trying to Beat Deadline - WTVC- Chattanooga TV NewsChannel 9
April 15, 2010 9:42 AM
Kevin Sims
There are just two weeks left to take advantage of one of the government's most popular programs. The tax credit for first-time and existing home buyers ends on April 30th.
Real estate agent Lisa Whittle is bracing for a busy few weeks. She's been bombarded with phone calls from first-time home buyers. "It was like the light switch came on and people started calling and saying 'We're ready to buy, we're ready to buy! We want to take advantage of the tax credit! We want to start looking!' says Whittle.
Those house-hunters are racing to beat the clock to get in homes. First time buyers have until the end of this month to sign on the bottom line and get $8,000 back. Existing homeowners who have lived in their house for at least five years can get $6,500 back. "Some thought that they had to be closed by April 30th," says Whittle, "but you just...
13
Owners hope open house will lead to sale - The Commercial Appeal Newspaper in Memphis
By Michael Lollar
Posted April 12, 2010 at midnight
For these home sellers, their hopes and dreams rise and fall with each uptick or downturn in the economy. They keep their azaleas neatly clipped, their yards mowed and edged.
And across Greater Memphis, they were eager for the Realtors' "Nationwide Open House," a weekend of home shopping that brought out potential buyers, people who were "just looking" and others who wanted a peek at their neighbors' things.
Some of those looking on Saturday and Sunday are trying to find a house before tax credits up to $8,000 expire April 30.
Mortgage interest rates had been in the 5 percent range before starting up again last week. Buyers hope to get in before rates go higher. Owners don't say much about it, but they are hostage to an economy that seems to sputter even as it slowly gets back into gear.
12
How To Qualify For A Mortgage In These Tough Economic Times - My Eye Witness News In Memphis - ABC 24 CW 30
Reported by: Kevin Holmes
Email:kholmes@myeyewitnessnews.comLast Update: 11:18 am
MEMPHIS, TN - A nationwide drive to sell homes before April 30th is on, in order to qualify for an $8,000 tax credit. Jerry Modesto has been selling homes for 12 years. With low prices and even lower interest rates, he expects potential buyers to take full advantage of the opportunities. "When you put all that together things are looking, I think things are looking very well."
One thing that's not looking so well is the pool of potential home buyers. Another problem is keeping people in those homes. In Memphis, the foreclosure rate for February grew to 2.09 percent. That's up from 1.38 percent in February 2009. With a down economy Modesto says it's become tougher for potential home buyers to qualify for a loan. "Because of previous lending tactics and things of that nature. But it is incredibly difficult to get a loan. You got to be qu...
12
My Profession: Crye-Leike Agent Jeff Moore applies gridiron lessons to the shifting world of real estate sales - The Commercial Appeal - Memphis
Posted April 12, 2010 at midnight
Switching gears mid-career from commercial real estate to residential came with its challenges, but Jeff Moore has tackled bigger issues.
A former NFL wide receiver, Moore found his first love in selling property even before he went to the Super Bowl.
"It was an incredible experience for me to get exposed to the Super Bowl as a rookie," said Moore, 52, a native of Memphis. "I can remember like yesterday how star-struck I was."
Moore was drafted from the University of Tennessee Knoxville by the Los Angeles Rams as a wide receiver, but before heading off to training camp, he earned his real estate license.
"My mom always put a lot of emphasis on education so we'd be prepared when football was over...
12
Time running out to take advantage of homebuyer tax credits - WAFF 48 News - Huntsville
Posted: Apr 11, 2010 8:44 PM CDT
Updated: Apr 12, 2010 5:33 AM CDT
By Trang Do - Bio | Email
HUNTSVILLE, AL (WAFF) - Thousands of realtors across the country held open houses this weekend.
It was part of an effort to encourage people to take advantage of two homebuyer tax credits that are set to expire at the end of the month.
Realtors say now is a great time to buy, not only because of these tax credits, but also because interest rates are pretty low right now, but won't stay that way for long.
Buying a home is often the most expensive purchase a person will ever make -- that's why many people, like Renae Bishop, are scrambling to find their perfect home before some tax credits being offered by the federal government run out.
"There's a lot of good things out there," Bishop said. "It just depends on w...
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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