For Realtor® Nancy Ullery, the art of real estate is not much different than playing a Beethoven sonata. Both require discipline, dedication and, most important, a singularly sharp sense of focus.
Nancy is always fully focused when she helps you with the sale or purchase of a home—she listens to your expectations, learns your needs, and helps you devise an effective action plan to achieve your goals. With years of experience as an investor, she’s a veritable virtuoso with a true sonata for success.
Interested in real estate in southern Sandoval or northern Bernalillo Counties? Contact the professional who ’s always Sharply Focused on your needs—Nancy Ullery. Call her today!
Nancy proudly serves the real estate needs of residents of Albuquerque, Rio Rancho, Placitas, Bernalillo, Corrales and Algodones.
Read our June 2009 Newsletter Click.
Breaking News: Tax Credit Can Be Used on Closing Costs.
FHA-approved lenders were recently given the green light to develop bridge-loan products that would allow first-time buyers (anyone who has not owned a home in the last three years) to use the benefits of the federal tax credit "up front."
Under these HUD developments and guidance, FHA-approved lenders can develop bridge loans that buyers can use in different ways. Most notably, you could use it to help cover closing costs, possibly buy down your interest rate, or even offer more than the minimum 3.5 percent down, which would allow you to make a stronger offer, a key strategy in some markets where first time buyers are competing with investors in specific price ranges.
Note: HUD officials indicate that the loans can't be used to cover the required minimum 3.5 percent down, only to supplement the down payment. In addition to this new development, there remain many state, local and non profit lender resources and programs for buyers needing help with the 3.5 percent down payment. (Call me to see which resources you might qualify for)
These new developments, combined with the (up to) $8,000 tax credit and the historically low prices and still low mortgage rates, make this an opportune time to buy. Call me for a free consultation to discuss your specific opportunities and situation. The tax credit is only good through 2009, so now is the time to take advantage and not get caught in the crunch toward the end of the year when procrastinating buyers will scramble to buy before the tax credit expires.
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