Homes of Mother Earth

Tap the Top in Albuquerque Real Estate

Homes of Mother Earth — Fri, 26 Feb 2010 15:45:58 GMT

With real estate prices hitting an all time low all over the country, what better time to buy a home but now! Its time to re-think your objectives. According to Housing Predictor, Albuquerque is among the top 10 markets forcasted to have a steady, dependable growth and with a strong potential for its outlook to rise.

If you're looking to purchase or upgrade to a home in Albequerque, certain areas show an upturn in the housing market, which you might want to consider.

Apart from the considerable market potential of the homes in Albuquerque, there are more reasons why now is the high time to buy a home.

The $8000 Tax Credit.* This is what the buzz is all about. Nearing its expiration by the end of April, more and more opt to find a new home now. First time home buyers (FTHB) or those who havent owned a home in the last 3 years are eligible. The credit for FTHBs is 10% of the purchase price of the home, with a maximum available credit of $8,000.

The $6500 Tax Credit.* If you're an existing home owner or own a residence having some additional reasons to move to a new home, you are qualified.This incentive comes in the form of a tax credit of up to $6,500 for qualified purchasers who have owned and occupied a primary residence for a period of five consecutive years.

*All contracts need to be in effect no later than April 30th, 2010 and close no later than June 30th, 2010. Qualifying buyers may purchase a property of upto a sale price of $800,000.

Affordability is better than ever.If you're worried about qualifying for a loan, and to be able to take advantage of the low rates, it is good to know that now is one of the best times to do it with the great rates being offered.

Large inventory to choose from. Great deals are available in every area of Albuquerque with lots of homes to choose from. Home prices fell in 2008 locally--deals on foreclosures, short sales, distressed homes, as well as regular sellers, providing the buyer more value for their money. Keep in mind that having the best team to negotiate for you could help you save a lot.

Learn more and visit our site at www.radiancehomes.com

Abq Summer Sales Finish On A High

Homes of Mother Earth — Mon, 05 Oct 2009 21:03:00 GMT

Home Sales In Albuquerque finished on a 2 year high. Pending sales have not been as high in the previous 2 years. In August 2009 sales were up 36% on August 2008 figures. ( according to GAAR )Pending sales were 986 for Aug 2009. The chairman Don Padilla says " The market is definitely a buyer's market and it looks like we've hit bottom pricing wise." ( source Abq Journal ). The median home sale price in Aug 09 was $186,000. July 2009 there were only 4 homes priced over $1 million that sold. Closed sales for August were down 135 compared to July's 735. Approximately 30% of homes sold so far this year house been sold to first time home buyers, probably making the most of the $8000 tax credit that is on offer until 30th November 09. No news yet on the possible extension, but when we find out you will know. We shall post an update on the $8000 tax credit whatever the outcome is, whether it is being extended or not. The average home, that is for sale is taking about 80 days to find a buyer.

Is The $8000 First Time Home Buyer Tax Credit, Is It Going To Be Extended?

Homes of Mother Earth — Mon, 28 Sep 2009 06:00:00 GMT

Momentum is growing in Washington to extend the $8000 first time home buyers credit which expires 11/30/2009. It has been calculated an additional 400,000 homes have been bought using the $8000 tax credit. The first time home buyers tax credit has been part of the federal effort to kick start the devastated real estate market. According to the IRS around 1.4 million people have claimed the $8000 tax credit so far. Some analysts believe the tax credit has created little stimulus for new sales but given Americans whom would have bought a home a windfall, saving them $8000. Because the key committees are focused on the health care legislation, look like we are in for an anxious wait to see if the First Time Home Buyers tax credit is extended or not.