HAFA provides incentives to families to take advantage of selling their Gainesville Florida home by means of a short sale (the home is sold for less than the value of the loan), or a deed-in-lieu of foreclosure (the home owner voluntarily gives the deed to the lender.
HAFA helps families quickly sell their Gainesville Florida homes by giving them pre-approved short sales terms before listing the property. They are fully released from future liability for the first mortgage debt, and can receive $1,500 for borrower relocation assistance. HAFA also allows investors and servicers to receive financial assistance for administrative costs, processing fees, etc. The program sounds simple, but is actually quite complex with many guidelines and rules. HAFA officially began on Monday, April 5, 2010 and will end on Monday, December 31, 2012.
Here you can watch ‘An Animated HAFA Story’, an informative video explaining HAFA…
I am a Certified Distressed Property Expert (CDPE), trained in helping families in distress avoid foreclosure. Are you or someone you know behind on mortgage payments? You do have options! A short sale may be what is needed to save your, your family and your credit. Please contact me anytime for a private consultation.
This is a great unit in great shape. It has a new A/C unit in 2006 (still under 10 yr warranty). This unit has new appliances in the kitchen and new toilets in the bathroom. There is lots of square footage for the money.
Pending home sales rose sharply in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Contracts signed in February, rose 8.2 percent above February 2009. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. “The rise in pending sales may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten. We need a second surge to reduce inventory and stabilize home values.”
Lets look at March real estate sales to see how the housing recovery is progressing in Gainesville FL.
The Gainesville FL area single family home sales saw sold listings decrease by only 1% in March 2010, when compared against March 2009. New listings saw an increase of 15%. Pending sales saw a 28% increase and the average sales price decreased by 2% to $190,351, while market times increased by 23 days.
Gainseville Area Single Family
New Listings
Pending Sales
Sold Listings
Avg. Sales Price
Days on Market
Mar 2010
581
268
180
$190,351
198
Mar 2009
494
194
181
$194,463
175
The Gainesville FL area Condo/Townhome market saw the average sales price decreased by 20% to $99,839 in March 2010 when compared to March 2009. While new listings were up 24% and sold listings increased by 26% in March 2010. Pending sales increased by 43% when compared to March 2009, while the average market times increased by 30 days.
Gainseville Area
Condo/TH
New Listings
Pending Sales
Sold Listings
Avg. Sales Price
Days on Market
Mar 2010
140
46
35
$99,839
245
Mar 2009
106
26
26
$124,175
215
For the latest Gainesville FL real estate market conditions in your area, please call me at 888-424-8841 or visit MyGatorCondo.com.
Ten acres in High Springs with a three bedroom two bath mobile home. This home has a large deck out back and a huge sunroom on the front. Home needs some updating and TLC but has lots of potential.
There were 1,527 Alachua County and Gainesville FL foreclosure homes in March with 308 new foreclosures, according to RealtyTrac.com. The average foreclosure sales price was $151,768compared to an average sales price of $163,742, a $11,704 savings. 1 in every 371 housing units received a foreclosure filing in March 2010.
Alachua County & Gainesville FL Foreclosure Activity and Home Price Index
Home price appreciation remained was 0.0% in March and the number of new foreclosures totaled 308.
Alachua County foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Alachua County & Gainesville FL Foreclosure Geographical Comparison
Alachua County foreclosures are 0.01% below national statistics and 0.40% below state figures.
Alachua County & Gainesville FL Foreclosure Activity by Month
The number of Bank-owned properties increased from 40 properties in February to 69 properties in March. The number of Auctions dropped from 108 to 75 while Pre-foreclosure activity dropped from 177 to 164.
Are you or someone you know behind on your mortgage payments and facing a Gainesville FL foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. I am a Certified Distressed Property Expert (CDPE). Give me a call for a private consultation.
Nice brick home in Newberry. This home has a screened patio, in-ground swimming pool, fireplace, separate dining room. Great room with kitchen and breakfast nook. It needs a little cosmetic work, but over all this is a nice home for the price.
The clock is ticking on the Home Buyers Tax Credit! The deadline to have a ratified contract is April 30.This is an ideal time for both first-time and repeat buyers to purchase a Gainesville Florida home.
Basic facts Home Buyers Tax Credit:
The new deadline is April 30, 2010 (June 30th with a binding, signed contract)
First-time buyers are eligible for a tax credit of 10% of the purchase price–up to $8000.00
Repeat buyers (those who have lived in one residence for 5 consecutive years of the last can receive a credit of up to $6500.00.
Income levels–$125,000 for individuals; $225,000 for couples.
The credit may be claimed on this year’s tax return(for 2009).
***Remember that a tax credit is a dollar-for-dollar deduction in what a taxpayer owes. If the credit exceeds the amount owed, a refund will be issued.
Investor special!! Motivated seller!! The home features 2 bedrooms and 1 bath on each side. Side A has a bonus room and Side B has a porch. Side A is currently vacant (has Lb) and Side B has a tenant with a lease until October 2010 @650 per month. Side A also includes a refrigerator. This property is AS-IS.
Low listing prices, reasonable interest rates, and an abundant variety of homes to choose from are among a few of the reasons now is the perfect time for buyers to make a move in today’s real estate market. Current market trends and other factors have made conditions even more favorable for first-time homebuyers. Though becoming a homeowner comes with huge responsibilities and financial commitments, first-time home buyers should take advantage of the market over flowing with opportunities. The following tips will help ease the mind when considering the smart purchase of your first Gainesville FL home.
1. Become familiar with the new first-time homebuyer federal tax credit.
People who are considering the purchase of their first home, or have not been home owners for at least the past three years can gain great benefits from the first-time homebuyer tax credit. According to FederalHousingTaxCredit.com, qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before May 1, 2010 will receive a tax credit of up to $8,000. Unlike past tax credits from 2008, the money received does not have to be repaid, unless the homebuyer sells the property with in three years.
Gainesville Real Estate For Sale:
Gainesville Real Estate For Sale:
First-time buyers are eligible for a tax credit of 10% of the purchase price–up to $8000.00
can receive a credit of up to $6500.00.
Gainesville Homes For Sale:
People who are considering the purchase of their first home, or have not been home owners for at least the past three years can gain great benefits from the first-time homebuyer tax credit. According to 
