Comments on: STIMULUS PACKAGE – WHAT IT MEANS TO BAY AREA HOMEBUYERS? http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/ Conversations in Real Estate Wed, 08 Feb 2012 15:43:51 +0000 hourly 1 http://wordpress.org/?v=3.2 By: Adam Chinn http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/comment-page-1/#comment-715 Adam Chinn Sat, 21 Feb 2009 03:25:25 +0000 http://www.pruvoices.com/?p=648#comment-715 Great Post Annie, Hopefully the stimulus package will help everyone out. With my current and recent clients it did not seem to change their minds on weather to buy a home or not. Since they are ready to buy, they are going to do it. One of them is taking advantage of the FHA program with 3.5% down while a few others are putting 10% down for their loan. It is great to work with first time home buyers. They are very happy they can finally afford a home of their own. Just a little of what i have been experiencing. Great Post Annie,
Hopefully the stimulus package will help everyone out. With my current and recent clients it did not seem to change their minds on weather to buy a home or not. Since they are ready to buy, they are going to do it. One of them is taking advantage of the FHA program with 3.5% down while a few others are putting 10% down for their loan. It is great to work with first time home buyers. They are very happy they can finally afford a home of their own. Just a little of what i have been experiencing.

]]> By: Annie C. http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/comment-page-1/#comment-712 Annie C. Thu, 19 Feb 2009 00:27:04 +0000 http://www.pruvoices.com/?p=648#comment-712 Thanks everyone for your valuable feedbacks and comments! Like many have mentioned, I hope that the tax credit incentive as well as the entire Stimulus Package will jumpstart the market. After all, a tax credit is like free money - if it isn't enough to get someone off the fence, at least it'll serve as a bonus for those who are willing, able, and ready. I agree with Lee's comment that some buyers need to be educated on how to use the *free* money and see actual value in it. Thanks again for your comments! Thanks everyone for your valuable feedbacks and comments! Like many have mentioned, I hope that the tax credit incentive as well as the entire Stimulus Package will jumpstart the market. After all, a tax credit is like free money – if it isn’t enough to get someone off the fence, at least it’ll serve as a bonus for those who are willing, able, and ready.

I agree with Lee’s comment that some buyers need to be educated on how to use the *free* money and see actual value in it.

Thanks again for your comments!

]]> By: Jonathan Shaw http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/comment-page-1/#comment-709 Jonathan Shaw Wed, 18 Feb 2009 22:14:35 +0000 http://www.pruvoices.com/?p=648#comment-709 Hi Annie, Thanks for the insight. The Stimulus Package will hopefully get more people off the fence and into the housing market. Jonathan Hi Annie,
Thanks for the insight. The Stimulus Package will hopefully get more people off the fence and into the housing market.
Jonathan

]]> By: Brian Boisson http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/comment-page-1/#comment-706 Brian Boisson Tue, 17 Feb 2009 15:57:37 +0000 http://www.pruvoices.com/?p=648#comment-706 Annie, Very interesting thought and what some people hear only is an "$8000 credit", not a tax credit. Although the credit is real money, it won't be realized until the buyer files tax returns. Any news like that in the media is good news though and can only help. Brian Annie,

Very interesting thought and what some people hear only is an “$8000 credit”, not a tax credit.

Although the credit is real money, it won’t be realized until the buyer files tax returns.

Any news like that in the media is good news though and can only help.

Brian

]]> By: Shokoofeh Nowbakht http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/comment-page-1/#comment-704 Shokoofeh Nowbakht Tue, 17 Feb 2009 07:16:30 +0000 http://www.pruvoices.com/?p=648#comment-704 Great Idea Annie. I will find out how my clients think about this new stimulus package. And, like Jean Joh says, only my FHA and VA clients have shown interest. Great Idea Annie. I will find out how my clients think about this new stimulus package. And, like Jean Joh says, only my FHA and VA clients have shown interest.

]]> By: Flroie Vasquez http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/comment-page-1/#comment-695 Flroie Vasquez Mon, 16 Feb 2009 05:34:14 +0000 http://www.pruvoices.com/?p=648#comment-695 I liked your post Annie. The way I see it is People who want to buy are going to buy with or without the credit. Enjoy the rest of your weekend. I liked your post Annie. The way I see it is People who want to buy are going to buy with or without the credit. Enjoy the rest of your weekend.

]]> By: Lee Ginsburg http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/comment-page-1/#comment-694 Lee Ginsburg Sun, 15 Feb 2009 02:35:07 +0000 http://www.pruvoices.com/?p=648#comment-694 Annie, Yes! If they only asked the people whom are affected by the decisions. But "free money" should not be ignored. It could be used towards principal and save a lot of interest in the long run. I quickly estimate $20,000 or more for the term of the loan. Added to the $8000 now we are talking almost $30,000. Sounding better. But first time buyers are not thinking that far out, so we need to explain how to use the FREE Money wisely. Maybe a mortgage broker could run some numbers for us and give an accurate savings of dollars. Lee Annie,

Yes! If they only asked the people whom are affected by the decisions. But “free money” should not be ignored. It could be used towards principal and save a lot of interest in the long run. I quickly estimate $20,000 or more for the term of the loan. Added to the $8000 now we are talking almost $30,000. Sounding better. But first time buyers are not thinking that far out, so we need to explain how to use the FREE Money wisely.
Maybe a mortgage broker could run some numbers for us and give an accurate savings of dollars.
Lee

]]> By: Jean Joh http://www.prucalvoices.com/2009/02/stimulus-package-%e2%80%93-what-it-means-to-bay-area-homebuyers/comment-page-1/#comment-692 Jean Joh Sat, 14 Feb 2009 20:43:58 +0000 http://www.pruvoices.com/?p=648#comment-692 Thanks for the post Annie. I'm finding that the tax credit/loan is most appealing to my buyer clients who are most likely looking at an FHA loan for their purchase, due to the 3.5% down payment. Most people seem to recognize that it's a great time to buy a home, so they're interested in finding out how they can achieve this with the resources they have. As you said, though, it wouldn't be the one critical factor that pushes them one way or the other. Thanks for the post Annie. I’m finding that the tax credit/loan is most appealing to my buyer clients who are most likely looking at an FHA loan for their purchase, due to the 3.5% down payment. Most people seem to recognize that it’s a great time to buy a home, so they’re interested in finding out how they can achieve this with the resources they have. As you said, though, it wouldn’t be the one critical factor that pushes them one way or the other.

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