The government is always trying different programs for first time home buyers to help get them into a home of their own.
And even though the tax credit is currently over for everyone except certain armed forces families there are still many programs designed to help home buyers find and buy the right home.
This may help first time home buyers have a better chance at finding and purchasing Pierce or Thurston county real estate but also help sellers minimize the amount of inventory currently on the market.
Another big announcement is that friends, employers and family can now add to the down payment unlike before. And unlike owner financed down- payment assistance, which was easily abused, this program will allow home buyers to shop for the best home price and services using the anticipated tax credit.
Estimates by the National Association of Home Builders, are of 160,000 homes sales may be realized across the nation - 101,000 of these will be first - time buyers who receive the credit. Another 59,000 existing homeowners will be able to buy another home because their home was purchased by a first - time home buyer. This could mean that thousands of families will be able to purchase a home by using a combination of the tax credit and an FHA - insured mortgage.
The government is more aware of home buyers and lenders scams. They are tracking lenders that may use questionable tactics to close sales and gain buyers. You also should be well aware of all the costs, fees and points involved in your home loan and ask any questions you may have before signing your loan documents.
Our agents are here to help you make an informed decision on your Tacoma real estate purchase. We want to assist you through the entire purchase from offer to closing and beyond. If you are ready to start your search of any Thurston or Pierce county real estate, contact us today!