Seeing as every other question I get at my seminars is about loan opportunities for 1st time home buyers, now is a perfect time to get a better understanding on this subject. This will be the first in a series of blogs; today focusing on what IS a 1st time home buyer.
A definition of a 1st time home buyer is someone that has:
• Never owned a home OR been on title to any home in the last three years
As you know from my blogs or seminars, I make it a point that all real estate professionals should ask a series of questions when first meeting with a potential buyer.
The question of previous home ownership is imperative, especially considering many assistance programs, tax credits and the like have the previous home ownership guideline in place. The more you find out up front, the less “headaches” you will have going forward!
Our next blog will cover credit and the 1st time home buyer; how big of a factor it is in today’s market.
To help me in putting this information out there on 1st time home buyers is Susan Gould. She owns a non-profit company in Boca Raton, FL that specializes in assisting, counseling and educating 1st time home buyers.
You can give me a call should you have any questions or contact Susan directly at the number below.
Hope For A Home, Inc.
Susan Gould, Director
(561) 372-1260
Wednesday, January 21, 2009
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