Archive for the ‘!st Time Home Buyer’ Category

It’s been several years now since we have taken and sold listings of homes for sale that are

” Subject to Lenders Approval of a Short Sale” .

The process of getting these to close successfully has been, for the most part, becoming easier.

Perhaps it is from lessons learned along the way & doing the footwork and homework upfront before even agreeing to accept the listing and put a ‘short sale’ home on the market.

Lately, however, articles in major publications i.e ‘Fewer Short Sales Come Up Short’, point out that the part of the short sale process we do not control – the loss mitigation departments of lenders - are being more cooperative and responsive about getting short sales done.

In Indiana this year, a new law…HB1359 has helped bring answers to short sale offers within a 30 day time frame.

Since we’ve noticed this change in NW Indiana short sales….we are even accepting short sale referrals in our market area now from other Real Estate Brokers as a result. Just last week we closed on a short sale that was a referral from another REALTOR.

The lender complied with the new state law and the home closed 29 days after the offer was accepted by the lender! (59 days total from day of written offer).

Total Market Time on this Home = From For Sale Sign Up to signing the closing documents = 81 days in all. This is a relatively short market time for any home in NW Indiana, let alone a short sale property (where 3rd party negotiations, communications and many requirements above and beyond the usual and customary offer to purchase can lengthen the process of getting the deal closed

With cooperative sellers, saleable property and reasonable lenders, short sales in NW Indiana are closing easier & quicker than in years past

Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more @ NorthWestIndianaRealEstateBlog.com

 Sincerely,

Jeff & Grace Safrin,  Broker / Owners

F.C.Tucker 1st Team Real Estate – Independently Owned & Operated

13 Lincolnway Suite # 203,  Valparaiso, IN 46383          Office # 219-309-9930

We Listed an Affordable Home in the City of Lake Station, (zip-code 46405 ).

Located in Northwest Indiana’s – Lake County, with easy Expressway and Train Access to Illinois

( Chicago-land ) this City is worth careful consideration if you are looking to RELOCATE on a Budget.

In Real Estate, Location is key and this property is

just down the block from this Beautiful NEW LIBRARY :

Whether you are a First Time Home Buyer or seasoned Investor in Real Estate – Opportunities exist

in Lake Station, IN

If we can help you BUY PROPERTY in NW Indiana give us a call @ 219-405-1232

Jeff & GraceSafrin REALTORS – “Spouses Selling Houses’ TM

F.C. Tucker 1st Team Real Estate Independently Owned and Operated.

Serving Lake, Porter, La Porte, Starke, Counties in NW Indiana

Please feel free to Contact us @ 219-405-1232 with your Real Estate Questions. Click below to read & subscribe to our email newsletter with valuable Relocation Information.

NW INDIANA remains a Great REAL ESTATE MARKET check our past—> SOLD HOMES !

For more homes for sale visit our websiteor click on our blog link below->

Serious Buyers Relocate Year Round !

Many people have the idea to “wait” until spring again to put their home on the market.

With that in mind, the competition for homes priced well and staged to sell is less in Fall than in Spring when many more come on the market.

If you are having thoughts about selling your home – why wait and risk Interest rates to go up ? (less people will be able to afford your home if that happens).

Give us a call today or click this link to schedule a Free Comparable Market Analysis.

Have a wonderful Fall Season!

Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more @ NorthWestIndianaRealEstateBlog.com

Sincerely,

Jeff & Grace Safrin,  Broker / Owners

F.C.Tucker 1st Team Real Estate – Independently Owned & Operated

13 Lincolnway Suite # 203, Valparaiso, IN 46383          Office # 219-309-9930

Considering Buying a home in NW Indiana to take advantage of the 1st Time Home Buyer tax credit ?

Did you know this ? ……

By law, your loan cannot be completed and funded until the 8^th day after your application for your mortgage has been completed and executed. Taking into consideration Sundays and Holidays (that are excluded from the 8 day count), the last day upon which your Purchase Agreement and mortgage application can be completed is November 19, 2009.

That means it’s crunch time!

Factor in the time to shop for a home and put together an offer ( which may go back n forth in negotiations, schedule and respond to inspections, appraisals, titlework, etc…)

Combine that with busy closing schedules by both lenders and title company’s expected the last week of November.

Now’s the time to look or risk the loss of this tax credit opportunity!

(It’s not certain at the time of writing this post that the deadline for this tax credit will be extended by congress.)

Call us today for any questions or concerns!

We look forward to serving you.

Thanks for stopping by and reading our Blog about Life in NW Indiana, The Housing Market, Communities, Local Sports, Events, attractions & more @ NorthWestIndianaRealEstateBlog.com

 Sincerely,

Jeff & Grace Safrin,  Broker / Owners

F.C.Tucker 1st Team Real Estate – Independently Owned & Operated

13 Lincolnway Suite # 203,  Valparaiso, IN 46383          Office # 219-309-9930