Not exact matches
You can use your IRA to help put a roof over your head,
as long
as you're
considered a
first -
time buyer, which, according to the IRS, includes anyone who hasn't owned a
home in the past two years.
As a
first time home buyer you have plenty of options out there for assistance, so be sure to
consider them all.
You are not
considered a
first -
time home buyer if, at any
time during the period beginning January 1 of the fourth year before the year of the withdrawal and ending 31 days before the date of withdrawal, you or your spouse or common - law partner owned a
home that you occupied
as your principal place of residence.
A: There is a four - year rule that would allow you to be
considered a
first -
time home buyer again in 2017,
as long
as you haven't occupied a
home that you or your current spouse or common - law partner owned in between 2012 to 2016.
If you are
considering a
home purchase (either
as a
first time buyer or move - up
buyer), purchasing sooner rather than later may make more sense from a pure financial outlook.
As a first - time home buyer, you'd have a lot of things to consider such as how much you've saved for the down payment, your family or a student loa
As a
first -
time home buyer, you'd have a lot of things to
consider such
as how much you've saved for the down payment, your family or a student loa
as how much you've saved for the down payment, your family or a student loan.
«The housing shortage forced many
first -
time home buyers to
consider smaller
homes and condos
as a way to literally get their foot in the door,» says Hale.
Over half (54 per cent) of renters cited affordability
as a key reason for not owning a
home and 70 per cent surveyed indicated they would be more willing to
consider owning if the government offered more tax breaks and incentives to offset costs for
first -
time buyers.
It says CMHC should also
consider offering special interest groups such
as first -
time home buyers and those who purchase an energy - efficient
home a premium reduction of up to 25 per cent.
Additionally,
first -
time home buyers should
consider the specific amount of
time a
home that has been on the market, they may have an opportunity for a better deal
as sometimes sellers are required to price
homes more competitively in order to close.
«Any ability that
buyers have to assist with current down payment requirements is positive — especially when we
consider our region's
first -
time buyers who are sometimes facing an uphill battle
as to whether to continue paying escalating rents, or save towards a down payment on a
home,» said Matthew Gardner, chief economist at Windermere Real Estate, covering the Seattle market.
The biggest problem that
first time home buyers face is that they tend to make decisions with their heart, rather than making it sensibly and
considering home buying
as an investment.
«
As a
first -
time buyer,
consider hiring an exclusive
buyer's agent who will protect your interests and help find
homes that match your criteria.»
Our real estate team has prepared a guide for
first time home buyers to highlight important factors to
consider as you take those
first steps toward owning a
home.
To rank the states that offer the best conditions for
first -
time home buyers, GOBankingRates
considered which states saw the largest
first -
time buyer growth from 2003 - 2013,
as well
as the lowest levels of foreclosures.
Consider this site
as your number one Los Angeles, San Bernadino, and Riverside County
First Time Home Buyer Real Estate Resource!
Also
consider their
home - ownership status such
as first -
time home buyer or down - sizing seller.