San Antonio's Rockstar Turned Realtor®

Frank And Sally Explain The First Time Home Buyers Tax Credit

Frank And Sally Explain Real Estate: Episode 1

Meet Frank and his agent, Sally.

In trying to come up with a simple breakdown of the First Time Home Buyer Tax Credit, I thought that video would be the answer.  Since I've done a few for the previous tax credit, I wanted to find a new way to use video to explain it all.  Enter Frank and Sally.  In this video, Frank's agent Sally, helps him understand the basics of the First Time Home Buyer Tax Credit.  In the future, Frank and Sally will be providing some much needed help to me, so that I might take some time off from blogging when they're able to pick up the slack.

If you'd like to use this video, just click on the video and locate the "Embed" text box on that page. Copy and paste...that's all there is to it.  All I ask is that you attribute it back to me and RErockstar.com.

Frank and Sally are fictional characters who do not represent any persons living, dead, or animated.  Sally is not technically licensed in any state other than the virtual world, but her real estate knowledge is based on Texas real estate (I taught her everything I know).  Frank likes Metallica, but Sally is more of an easy-listening kind of gal.

 

All content ©2008-2010 by Matt Stigliano, Realtor® unless otherwise noted.

 Matt Stigliano, Realtor® | RE/MAX Access | (210) 646-HOME | www.RErockstar.com

"Your all access pass to San Antonio real estate."

Connect with me on Twitter and Facebook.

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37 comments • Matt Stigliano • November 10 2009 01:01PM

Open Letter to First Time Home Buyers

Spread the word.

I came across this re-blog on Kristin Moran's blog (I sit two doors down from her everyday, yet she always discovers great stuff I don't know about).  Reading through it I found myself nodding in agreement.  It's going to be a close call for many home buyers who sit and wait.  I fear for them.  Imagine trying to close just as doomsday approaches.  Imagine something goes wrong.  Imagine your closing is delayed by one day.  Imagine losing $8,000 because your loan didn't fund on the correct day.  Would you be angry?  Of course you would.  I would be too.

I fear that there will be many buyers who make the mad dash and I fear that many of them are going to be left empty handed.  And when they are, I fear the lawsuits will start flying.  If you're thinking about making your move and taking advantage of the First Time Home Buyer Tax Credit, call a Realtor® today and get your plans moving.

Want to take advantage of the First Time Home Buyer Tax Credit in San Antonio, Texas? Give me a call.

Via Erik Hitzelberger, --Louisville-Bullitt County Real Estate (RE/MAX Alliance):

Dear Procrastinating First Time Home Buyers:

 

I know you.  I've seen you in the mall on December 23rd. I've watched you race through town en route to the airport; screeching up to the terminal just in time to prevent your mom from giving up and getting in the cab.  I even saw you run over the neighbor's cat on your way to the post office on April 15th.  (Actually, disregard that last one.  I'm sure it was just a large stick).  You excel when the stakes are high.  You thrive on knowing you'll succeed where mere mortals would stumble.  Your methods are a bit unorthodox, but you always come through at the buzzer.  In most circles, I would be you.

The significant difference here is that I own a house.  For better or worse, I don't have a stake in the $8000 tax credit game.  You do though.  You have the opportunity to change your life for the better and you plan to do so. Tomorrow. 

My only concern is that tomorrow may not be when you think it is.  By now, you know the tax credit expires December 1st.  As this is month's away, I'm sure you've given little thought to actually looking for a house.  There are far more pressing deadlines to be dealt with.  I know you are busy, so I won't take up much more of your time.  But, you need to know...

December 1st is the wrong date.

To be eligible for the credit, you have to take possession by December 1st.  When everything was working well, it took around 30 days to close a loan.  These days, things don't work well very often and it's not going to get better once you and your brethren leave the couch.  Underwriters are scarce and banks aren't about to staff up for the onslaught knowing there is a going to be a huge void immediately afterwards.  It will take at least 45 days to close.  With that in mind,

October 16th is the real drop-dead date.

Reset your internal clock. 

NOW!!

 

I'd tell you to start now, so you can take advantage of the best deals, but it would be a waste of breath.  So, I'll just say,"Call me when you are ready." 

 

Sincerely,

Erik

 

* * * * *

Erik Hitzelberger is a licensed REALTOR with RE/MAX Alliance in Louisville. If you need a Louisville Real Estate agent please email me or call 502.921.3989.

I specialize in the following areas of the Metro Louisville Area: Prospect, Middletown, Jeffersontown (J-Town), Fern Creek, Okolona, Shepherdsville, Mt Washington, Hillview, Brooks and Pewee Valley.  Click the following links to learn more about Louisville and Bullitt County Real Estate or to Search for Louisville Homes 

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All content ©2008-2010 by Matt Stigliano, Realtor® unless otherwise noted.

 Matt Stigliano, Realtor® | RE/MAX Access | (210) 646-HOME | www.RErockstar.com

"Your all access pass to San Antonio real estate."

Connect with me on Twitter and Facebook.

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4 comments • Matt Stigliano • August 05 2009 10:49PM