First Time Home Buyers

I've been getting calls from people asking me all sorts of questions about the first time home buyer credit. Did you know that some colleges are teaching it in political science classes? I think that's fantastic. I've got students calling from all over the state as well as out of state wanting to know how it works.

In many cases mom and dad are helping out a son or daughter that only works part time while attending college. But there are also families that have been renting here in Spokane for a few years that are getting the cash too. They've finally decided to buy and guess what? It might not be their first home purchase, but if they've been renting for three years they will most likely qualify too. When they say first time buyer it doesn't necessarily mean the first home purchase of your lifetime.

You'd be surprised how many of these first time buyers have already talked to a lender and the lender didn't mention anything about the $8,000 credit. Can you believe it? If you don't know about the credit and you are approving buyers for a home purchase WHY oh WHY are you in business?! I send buyers to lenders that know their business and keep up with the ever changing market. And the same goes for realtors unfortunately . . . If you don't educate yourself and your buyers and sellers then get off the road!

On another note, hope everyone caught the Sterling Savings and Banner Bank rates article in the Spokesman J

 Cheers!