Home - Buy A House Below Market

Uncle Sam Wants to Help You to Buy a Home Now!

On November 6, President Obama signed into law legislation to extend the $8,000 homebuyer tax credit until April 30, 2010 and expand it to include higher income homebuyers. The new law also creates a new $6,500 tax credit for existing homeowners who have lived in their home for at least five consecutive years out of the last eight, and who wish to purchase a different home as their primary residence. This credit is available for homes purchased after November 6, 2009 and expires April 30, 2010.

National Council of State Housing Agencies

If you buy a home from us that qualifies, you may be able to use the homebuyer tax credit to make your house payments for up to a whole year!

Here is how it works.

1) Buy a home from us at below market price.

2) Qualify for the homebuyer tax credit.

3) File for the homebuyer tax credit

4) Take the check to the bank and deposit it in a savings account

5) Take your payment each month from the savings account to make your house payment.

If you are a first time homebuyer and have payments that are less than $665 per month, your whole first year of home ownership could be free.

Buy a home BELOW Market!

We do it almost every day. And then we pass the savings on to you.

Why rent when you can BUY?

NOW is a perfect time to buy a home of your own. With the tax incentives and current government programs many people can buy a home and let Uncle Sam pay most or all of the first year of mortgage payments.

Our goal is to help people buy homes they can be proud of and that they can afford.

Download our FREE report "7 Ways to Buy a Home Without Paying Retail"

igottasellmyhousetoday@gmail.com

4 Things to Determine the Market Value of a Home

Thomas K Sheppard

DISCLAIMER: The author does not intend to offer any form of legal or financial advice. All real estate sales involve substantial risk. Consultation with a qualified attorney is recommended. Also, there may be significant tax consequences. Consultation with a qualified tax professional is recommended.

It may sound pretty basic, but before you try to buy a house at below market prices, you need to actually know what the market price is. To understand the market value of homes you have to look at several factors. Here is what we look at.

1. What is happening in the broader market? All of these factors will have an effect on how much a home is actually worth.

a. Are home prices in your area going up, down, or sideways?
b. Is unemployment going up or down, or have there been any recent announcements of layoffs or hiring?
c. How many houses are available all over the area?

2. What is happening in the local market?

a. Is the neighborhood going up down or sideways?
i. Do you see vacant houses?
ii. Do you see unmowed lawns and signs of repairs that haven’t been made?
iii. Are there any developments happening near or in the neighborhood?
iv. Is there easy access to commuting, shopping and schools?
b. How many houses are available in your neighborhood and in adjoining neighborhoods?
i. Do you see lots of “for sale” signs?
ii. How many “for rent” signs are there?

3. What is the condition of the house you want to buy and the homes immediately surrounding it? How much will it cost to buy the property, repair it, and pay for it while making the repairs (taxes, insurance, mortgage payments, HOA dues, etc.).

4. How much are comparable houses selling for?

a. To be sure a recent sale is truly comparable to the house you are looking at,
i. you want to make sure you can look at three to six home sales within ½ mile within the last six months.
ii. Take note, foreclosure sales are almost always well below market value, but they pull down the resale value for all houses in an area. This is usually a false deflation because they usually need lots of repairs before they are ready for occupancy. Unfortunately the cost of repairs doesn’t show up in the sale records.
iii. After you know the values and compute the value of the house you are looking at, drive by the comparable houses to make sure they actually are comparable in size, finish, features, and neighborhood with the home you are looking at.

Using all the information you have gathered above, figure out what is the going price for houses in the area where you want to buy. Now, you can begin to look for a house you want to buy. At the Gold Seal Homes Group, our team of experts examines all the factors above for every home we buy and sell. We do this for two reasons:

A. We don’t want to pay more for a home than we should, and
B. We want to be sure when we sell you a home, it is already priced below market.

You can spend a lot of time studying the market, studying the neighborhood, finding comparables, looking at comparables, driving neighborhoods looking for a home and then trying to buy it. Or, you can come to the Gold Seal Homes Group, tell us what you are looking for and where, and then sit back while we do all the hard work and bring a home to you for you to buy.

When we find a home, in addition to all the hard work above, then we check out the home itself to determine the quality of the home. Because we actually buy these homes and resell them to you, we are taking on the risk of buying, just like you. We don’t want to own a house that isn’t a quality home anymore than you do. That is why you can be assured when you buy a home from the Gold Seal Homes Group it is a quality home at an affordable price, below market. That gives you peace of mind.

Whether you are looking for your first home, another home, or you are looking for real estate investment properties, we can find what you are looking for and sell it to you at a price which is below market and affordable.