Jerry Raviol

1640 S. Stapley Dr., #124 • Mesa, AZ 85204
TOLL FREE: 1888-JRAVIOL (572-8465)
CELL: (602) 695-5478
Office: (480) 820-3333
Fax: (480) 907-1443

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West USA Realty

Archive for FHA loans

Are you in the process of purchasing a home? Maybe you have just begun the process of researching buying a home. Well, whereever you are in the process you must read this article. It could save you time, money and headaches!

-Protect Yourself From These Ten Common Pitfalls-

  • Mistake No. 1
    Choosing a real estate agent who is not committed to forming a strong business relationship with you.

    Here’s How to Avoid It
    Making a connection with the right real estate agent is crucial. Choose a professional who is dedicated to serving your needs—before, during and after the sale.

  • Mistake No. 2
    Making an offer on a home without being prequalified.

    Here’s How to Avoid It
    Pre-qualification will make your life easier—take the time to talk with bank or mortgage representatives. Their specific questions with regard to income, debt and other factors will help you determine the price range that you can afford. It is one of the most important steps on the path to home ownership.If you’d like to read more about the top 10 mistakes homebuyers make please click the image below to view the entire list.

As always, if you find you need help with avoiding these common mistakes then contact me and I’ll be happy to assist you through your home buying process.

Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478

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Aug
20

Home Buyer Tax Credit Extended Until 2011

Posted by: | Comments (3)

YES, you can still get $8,000 in government stimulus money for buying a home if you purchase your home by June 30, 2011.  Congress has acknowledged the unique circumstances affecting members of the military, the Foreign Service, and civilian employees stationed outside the United States for any 90 day period between December 31, 2008 to May 1, 2010. 

As a person who served, this is your opportunity to either buy your first home or move up to a better home and take advantage of the following:

  • Low prices
  • Historic low interest rates
  • Government stimulus money that is no longer available to those who did not serve

These exceptions apply to both the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers.  They are available until June 30, 2011.

It is important to note that these are TAX CREDITS.  For example, if  before you bought a home you were entitled to a $2,000 tax refund, then after buying a home if you qualified for the first time home buyer tax credit, you would qualify for an additional $8,000.   In this situation your tax refund would increase to $10,000.

If you qualify and have owned a home during the last 5 years but want to move up to a better home you can get $6,500. Each person’s situation is different and you need to speak to a tax expert. 

If, however, you want a list of homes you can buy and get $8,000 from the government give me a call.

Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478

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How do FHA appraisers determine which home improvements add value and what needs to be “called out” or repaired prior to a buyer getting an FHA loan? These were 2 of the topics discussed during a webinar I participated in June. Give me a call and I’ll be glad to share what we learned.

Jerry Raviol
West USA Realty
http://www.houseaz.com
602-695-5478

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