Indianapolis Real Estate Blog

September 16, 2009

Indianapolis Real Estate $8000 tax credit

2009-09-16

You will be surprised to find out how many days remain in qualifying for the $8000 tax credit.

How much time remains and how are you going to use it up.

Have you made contact with a lender to start the pre-approval process. The further you get along in this process before you get in a car to look at a home the better you are.

Now you are ready to actually head out and look. With lower inventory levels lower than last year, it may take 30 days to find a house. Then there is the contract negotiation process. If you are lucky and you have focused on seller owned properties you may be able to get a approval within 7 days. 37 Days Gone

With the new appraisal rules (HVCC) and the new lender rules (HERA) going into effect you can expect that getting your final loan approval will be 30-45 days. Let be safe and say 45 days Gone.

75

Days remain to take advantage of the $8000 tax credit.

Call Chris Frantz of EDU Real Estate to see if you qualify for the $8000 tax credit

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Indianapolis Real Estate Terms

Welcome to the daily Indianapolis Real Estate terms of the day posted for buyers and sellers interested in the Indianapolis Real Estate Market. With today

Daily real estate terms are posted daily to assist you with buying or selling of Spring Hill Real Estate. Bookmark this page or subscribe to a RSS feed to receive your daily does of real estate terms or valuable information posted to this blog.

Impounds – A portion of the monthly mortgage payment that is placed in an account and used to pay for hazard insurance, property taxes and private mortgage insurance.

and

Average price – The price of a home determined by totaling the sales prices of all houses sold in an area and dividing that number by the number of homes.
Serving the communities of
Morgan County, Townships of, Adams Township, Ashland Township, Baker Township, Brown Township, Clay Township, Green Township, Gregg Township, Harrison Township, Jackson Township, Jefferson Township, Madison Township, Monroe Township, Ray Township, Washington Township

A complete list of terms may be found at Indianapolis Real Estate Glossary Terms. The Glossary will aid you in the process of buying or selling your next home.
Serving the cities of
Greenfield, Homecroft, Indianapolis, Noblesville, Plainfield, Southport, Speedway, Westfield, Whiteland, Zionsville

Chris Frantz is a licensed REALTOR with EDU Real Estate Group in Indianapolis, Indiana. Specializing in working with buyers and sellers of residential properties.

Chris Frantz
EDU Real Estate Group
7117 US 31 south Indianapolis, IN 46227
Indianapolis Real Estate

Serving the Communities of Avon Real Estate
Serving the Communities of Plainfield Real Estate

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