Your resource for Missoula Real Estate Information
I have a client who has been looking for a first home, and struggling to find a home that fits within his budget. After meeting with a couple different lenders, and learning his comfortable monthly payment only brought him to an approximate $120,000 – $130,000 purchase price (and the payment for this loan was beyond […]
I am continuously amazed at just how much the emotional part of real estate can win out over the “numbers”, or what you would logically assume would happen in a real estate transaction.
First off, I want to make sure that everyone knows what a short sale is. When a homeowner owes more on their home than they can sell it for, they sometimes look at the option of completing a short sale.
Recently we attended a seminar which updated minimum property standards for FHA financing. If you are considering buying or selling a home using a FHA loan, you might want to be aware of things that a FHA appraiser might look for.
We just ran across a situation in one of our listings where the basement ceiling height did not meet the required ceiling height for “livable space”, per Missoula code. This is by no means an isolated incident, as many older homes do not have a height of 7’ in the basement areas.
This year has definitely been the one in which I have been asked this question the most. With the first-time homebuyer tax credit, low interest rates, leveled (or possibly decreased) listing prices and a large inventory, it can certainly feel like the “perfect storm”, in a sense.
The law extending the first-time homebuyer tax credit, and adding a “long-time resident” credit, went into effect on Nov. 6 of 2009. So, what are the parameters of the extension and the addition?
