Jim Carey Exton Real Estate

When is the best time to buy? Keep an eye on the market in your area to see if prices are beginning to rise over a 2 or 3 month period. This should indicate that the market has bottomed and it may be time to buy in order to maximize equity in the future. Also monitor the mortgage rates, as they will begin to rise as the economy strengthens. 

With interest rates arouond 4.5%, lots of homes on the market, sellers willing to make a deal and FHA mortgages requiring only 3.5% down, you would think this is a great time to buy a home. And it is, unless you are fearful that you might lose your job in the near future or, worse yet, have been out of work for a long time. Things are not great ...

Don't forget to turn your clocks ahead this weekend. With the winter that we have had nationally, that will be a great feeling! Also, only 50 days left to qualify for the tax credits by having a signed agreement by April 30th. Let me know if I can help with that! 

Here on the East Coast we have been hit by 3 major blizzards in as many weeks. That has had an obvious effect on buyer traffic and many listings haven't had any showings during that time.  But better weather is on the horizon - 52 degrees on Sunday and Monday coming up- and the clock change on the 14th will encourage more buyers to look ...

There have been several recent changes in FHA loans, such as reducing the amount of seller assist that a buyer can get from 6% of the sale price to 3%. For information on other changes, please contact me. 

Homeowners are not putting their house on the market unless they have to - home values are low and buyers are going to try to get them lower. But there has never been a better time to buy if you are a first time buyer. Low prices, low mortgage rates, sellers desperate for an offer and - an $8,000 tax credit.  

The tax credits for first time home buyers and current homeowners will expire on April 30th. It is important to get pre-approved for a mortgage so that you are ready to show a seller that your are qualified. It also lets you know how much home you can afford and what your monthly payments will be. Please contact me ASAP if you plan to buy a home ...

The Senate has passed a bill extending the $8,000 tax credit for first time home buyers to next June. Buyers need to be under agreement by April 30th and go to settlement by June 30th. There is also consideration for a $6,500 tax credit for any current home owner who has owned their home for at least 5 years. The legislation still needs to pass in ...

Exton and Downingtown has not felt the downturn in the housing market as much as other areas of the country. Home prices have fallen and there are still foreclosures and short sales availabble, but there are signs that prices have about stabilized. It is still very much a buyer's market and interest rates are low, so it is a great time to buy ...