Rabu, 17 Juni 2009

Multi-Family Units & the Federal Tax Credit

I learned something new today regarding the Federal Tax credit for first time home buyers (defined as not owning a home in the past 3 years.) If you purchase a 2-family unit as your primary residence, you are only eligible for half of the tax credit and only a third of the credit if you purchase a three-family unit, etc.There are still no local mortgage lenders that are providing a short term

Senin, 15 Juni 2009

City Offers Grants to Landlords for Lead Removal


The City of Rochester is offering a lead grant for rental properties that will assist with 90% of the lead remediation related project cost up to $18,000 per unit for porch repair/ replacement, window/door repair/replacement, painting and bare soil treatment. In extreme cases, funding may be used for exterior siding. Landlords are required to contribute 10% of the total project cost.


There

Jumat, 12 Juni 2009

Home Buying Seminar - Wednesday, June 24, 6 to 7:30 pm

I've not done a home buyer Seminar in a couple of years but there is so much good stuff going on right now with the $8000 first time home buyer credit that the timing just seems right. So mark your calendar or tell a friend. Wednesday, June 24, 6 to 7:30 pm at 2024 W. Henrietta Road, Suite 2A; which is the home office of First Rochester Mortgage Corp. I'm real proud of the impressive panel of

Senin, 08 Juni 2009

Tortuous Weekend!

There is absolutely nothing more fun in real estate than calling your buyers and saying, “Congratulations! Your offer was accepted!”


And there is almost nothing worse than calling buyers and having to tell them their offer was out-bided.

My weekend started off marvelously when I showed a house in Brighton to a young family that had been looking most of this year. We were the very first to get