Indianapolis Real Estate Blog

2009-11-03

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.

27

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

Visit Indianapolis Real Estate

Combine with our buyer rebate program and save even more money Indianapolis Real Estate

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

As a aid to buyers and sellers I provide daily real estate terms for buyers and sellers of Indianapolis Real Estate. The terms are listed daily for your benefit.

Basis point – A basis point is 1/100 hundredth of one percentage point. For example, the difference between a loan at 8.25 percent and a mortgage at 8.37 percent is 12 basis points.

and

Nominal consideration – A consideration bearing no relation to the real value of the contract. A deed often recites a nominal consideration, such as “ten dollars and other valuable consideration.”
Serving the communities of
Hancock County, Townships of, Blue River Township, Brandywine Township, Brown Township, Buck Creek Township, Center Township, Green Township, Jackson Township, Sugar Creek Township, Vernon Township

More real estate terms that can assist you can be found at Indianapolis Real Estate Glossary Terms. The Glossary will aid you in the process of buying or selling your next home in Indianapolis
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. Working with buyers and sellers of new home construction and resale 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