Who is looking for a home (ex: first time home buyer)

[greenbull]

@Fry

I’m thinking about moving. (Not far, just a nicer place in the Amherst/Clarence area.)

And I want to go back into ToT area lol.

[Mankthetank19]

@dubbin91

Please tell me you are not buying a house just to get the stimulus…

No, I have been saving for sometime and I also have a first time home buyers account at M&T. I already have the pre-approval, just looking for the right house for the right price

[ultradriver10000]

I thought the package was good until December?

I am thinking about getting a nice place, so I seriously hope this goes until December 1st like I thought it was.

Also say I buy a house with my fiancee before we get married. I buy a 200+K house, can we both get 8k?

[Fry]

@Joe

I think it has to be 3 years since you’ve owned a house, not just 3 years since you’ve bought one. Living in it now makes you ineligible.

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[Joe]

12/1/09.
You have to split the 8k between the two of you.

[Mankthetank19]

@Fry

This gig goes until October?

The reason I say October because sometimes the closing period is 60 days but sometimes it is 30 - depending on your situation. Pretty much you need to have your bid accepted by October.

[boardjnky4]

@Joe

12/1/09.
You have to split the 8k between the two of you.

or 1 person claims all of it…rt?

[Joe]

yea, you can split it any way you want or just have 1 person claim it, but only 8k any way you slice it.

[Freek]

@Joe

There is a bidding war on the lower end right now. $80k to $120k, specifically. The higher end stuff there are still a ton of deals to be had. $300k houses for $200 left and right.

I never heard of that $4k limit for a double, i think that’s wrong…IIRC cougarspeed just got the full 8 buying a double.

:word: In the 80-120 range i’ve watched prices go up about 5-10 k oveer the last 6 months in the areas i’ve been looking.
Most of those houses in that price range are not lasting long on the market either. Decent houses in that range are lasting days.

What sucks for me personally it’s not going to work out for me to buy a house until after the 8k incentive is over. Em Sha’Allah

[cougarspeed]

@boardjnky4

I’m gettin my $8k

gonna head to hnr block to ammend my return soon

Amended mine about two weeks ago. No questions on there about it being a double or anything. Also when I bought it I did not use rental income to qualify so I bought it as a single as far as they know I believe. Also if all else fails they can cut it in 1/2 I still get 8k.

@Joe

There is a bidding war on the lower end right now. $80k to $120k, specifically. The higher end stuff there are still a ton of deals to be had. $300k houses for $200 left and right.

I never heard of that $4k limit for a double, i think that’s wrong…IIRC cougarspeed just got the full 8 buying a double.

I was in 3 bidding wars and the house I bought was a six person bid four days after it went on the market.

[Fry]

@Freek

:word: In the 80-120 range i’ve watched prices go up about 5-10 k oveer the last 6 months in the areas i’ve been looking.
Most of those houses in that price range are not lasting long on the market either. Decent houses in that range are lasting days.

What sucks for me personally it’s not going to work out for me to buy a house until after the 8k incentive is over. Em Sha’Allah

Sounds like a perfect time to sell my $80-120k ish house and upgrade to something closer to $200k. :awdrifter:

[Joe]

Exactly what I wanted to do. Here’s the search I’ve been checking every day.
http://property.buffaloniagarahomes.com/property/result.cfm
Unfortunately, as you saw, my house needs about $10k in updates that are probably dragging the price down about 30.

[Freek]

@Joe

Exactly what I wanted to do. Here’s the search I’ve been checking every day.
http://property.buffaloniagarahomes.com/property/result.cfm
Unfortunately, as you saw, my house needs about $10k in updates that are probably dragging the price down about 30.

How does that link go again?

[Joe]

whoops, guess they don’t pull your search terms in. doh.
160 to 260k, min sq ft 2500, single family, areas = amherst, clarence, grand island, snyder, T of T, williamsville

[Afrank45]

for you guys who already own houses or are looking at houses in the 100k range there is talk in the real estate world that the govt may increase/extend the housing stimulus to next year making it available to anyone and making it up to 15k. but this is just what i heard from a few real estate agents so take it with a grain of salt i guess

[cougarspeed]

@Afrank45

for you guys who already own houses or are looking at houses in the 100k range there is talk in the real estate world that the govt may increase/extend the housing stimulus to next year making it available to anyone and making it up to 15k. but this is just what i heard from a few real estate agents so take it with a grain of salt i guess

This would be GREAT!

[Joe]

If they extend it and make it 15k I buy a 150k rental and put my sisters name on it.

[greenbull]

If that happens my house would be going up for sale with the quickness.

[cougarspeed]

@Joe

If they extend it and make it 15k I buy a 150k rental and put my sisters name on it.

Can you imagine the supply and demand issues and price inflation associated with a 15k stimulus usable by EVERYONE? If thats the case I will sell my house pocket 30-40k and move into my dads basement for a few years LOL. But I really can see them making a stimulus open to everyone next year I think we already talked about this.

[Joe]

it will either be 15k first time homebuyer, or a lesser amt open to everyone, like 5k. No way they do both. But housing demand is already picking up. Might not even be needed.