CommonWealth Real Estate Your Way, Brodheadsville
Pocono and Lehigh Valley Real Estate Blog

First-Time Homebuyers Need Guidance, Expertise

Just two weeks into the Chinese Year of the Tiger — many are wondering…Will this be the year that First-Time Home Buyers ROAR and purchase their first homes.

According to Mark Zandi, chief economist at Moody’s Economy.com, the answer is Yes, Yes, Yes. He says there will be 1.84 million homes sold to first-time home buyers in 2010, compared with 1.73 million in 2009. That’s good news for the economy and good news for buyers.

A few tips to those new to real estate who want to purchase a home:

1) From the National Association of RELATORS:
a. In order to take advantage of the Extended Home Buyer Tax Credit, you need to close by April 30, 2010. You can apply the credit to your 2009 taxes if you close and file your taxes on or before April 15 or you can file an amended 2009 return or apply the credit to 2010.

2) From the REALTORS at Commonwealth Real Estate Your Way with offices in Mt. Pocono and Stroudsburg, PA:
a. Find a REALTOR to work with. Do not try to purchase a home without the expertise, knowledge and guidance of a REALTOR. Using a REALTOR makes sense when its time to buy (or sell) a home. Particularly with the deadline for a major tax credit looming, many new to real estate will rush to judgment and make mistakes. For first time home buyers, REALTORS can look out for your interests and have experience negotiating and walking those in a real estate transaction for the first time through the process. REALTORS adhere to a strict code of ethics, they are constantly updating their skills, and they understand the marketplace.

It’s time to buy. There’s no doubt about it. The inventory is high, the prices are right and it you qualify as a first-time home buyer, the tax incentives are incredible.

Let this Year of the Tiger be your time to ROAR!

Commonwealth Real Estate Your Way, LLC..... RB# 066860..... Office: 570-972-0155


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CommonWealth Real Estate Your Way, Brodheadsville