How The Stimulus Plan Helps You Buy an Edison Home in Middlesex County, New Jersey

The new stimulus plan has given many people new hope for their housing futures. At first, many worried that the stimulus package would merely help the banks and other financial institutions and not the actual homeowner looking to buy an Edison home. But, it has become clear that the people who really win with the new plan are those who count-prospective home buyers.

Stimulus for Banks and Buyers

The stimulus package provides huge tax rebates in 2009, and while that is a limited provision, the savings are enormous for those who get out there and buy an Edison home in Middlesex County, New Jersey. The fact that the stimulus plan includes relief for the struggling financial industry also helps buyers by making it more likely they will be able to obtain loans.

Stimulus for Higher Priced Properties

The stimulus package gives the two major government mortgage companies Fannie Mae and Freddie Mac more power and allows for larger loans for higher priced properties. That is a big incentive if you're looking to buy in a major metropolitan area because you will now be able to get a loan secured by Fannie or Freddie.

The economic boost from the stimulus package will require a little time to really become apparent, but it is working, even now. Slowly the market is rebounding and new home buyers are able to take advantage of loans and tax incentives while getting houses at prices that are extraordinarily low.

If you would like more information on how the stimulus package can help you buy a new Edison home, contact me today.

Cathy Chaudemanche

Information to Have On Hand When Selling Your Edison Real Estate in New Jersey

Selling your property, whether it is a primary home or income property in Edison or Middlesex County, is easier if you have the information your buyers are likely to want to know on hand. Type up an info sheet answering the most commonly asked questions buyers have when looking at real estate for sale such as:

• How old is the roof?

• What comes with the property? Window treatments? Do all of the appliances come with the property?

• How old are the appliances?

• Does the basement leak?

• Where are the hot water heater, the electrical service panel, and other important maintenance items located? Are they easy to access?

• Are you open to owner financing?

• What is the age and condition of the plumbing and wiring?

• Are there schools nearby?

• What is the average utility cost per month/year?

• Have you had any major problems in the past? Your normal seller's disclosure does not require you to list problems you had and have fixed. Some sellers would like to know what those problems were. It can give them an idea if they are likely to be a recurring problem (like flood damage) or if the fact that you already had the issue and fixed it they will not likely have to deal with that particular problem in the future.

Of course, you should always have the general information about your Edison real estate available such as square footage of the building, property size, zoning and any restrictions or easements.

Having all of the information on hand will prove to potential buyers that you're serious, that you're prepared to be upfront with them about any issues y

our home may have, and that you've taken excellent care of your home.

Thinking of selling your home? I specialize in selling homes in Edison and Middlesex County quickly and at the highest price. Find out more by calling me today.

Cathy Chaudemanche