Lisa and Jim's Northern Nevada Real Estate Blog: Three Amigos and The Tale of Rockbridge

Three Amigos and The Tale of Rockbridge

There are upsides to this real estate market!

While the present economic situation is causing heartache and pain for many ... there are some silver linings to these dark clouds. 

Our youngest son, turning 22 in June, is about to close escrow on a wonderful home.  He and his two friends - hence the "Three Amigos" will be moving next weekend into a very tidy three bedroom home in Carson City, Nevada

The three (Chad and Leah 50% and Chris 50%) are high school friends and college roommates.  They are buying a 1,400 Sq. Ft., three bedroom home with a nice fenced yard, living room, family room, big open kitchen, and two car garage.  It's and REO but in perfect shape, clean, tidy, and the yard is all alive! 

They are financing with a new 3.5% down F.H.A Loan ... and their total payment, including taxes and insurance, will be just about equal to what they'd have to pay in rent. 

Now ... for the best part ... under the new first time buyer tax credit ... They can close this week, file their 2008 taxes, and get up to $8,000 back.   

This is a wonderful opportunity for young American entering the work force!  It's also a pretty good source of potential buyers for us.  Win Win!  That's the way we like it!

Comment balloon 3 commentsLisa Wetzel • February 24 2009 03:40AM

Comments

Wow! Very cool! How exciting for them. That is a wonderful investment and I bet they are really going to enjoy the extra space. :-)

Posted by C Tann-Starr (Tann Starr & Associates, Inc.) over 9 years ago

Very good info.  Thanks for passing it along to the rest of us.  Have a great day.

Shelton

Posted by Team Honeycutt (Allen Tate) over 9 years ago

Carolyn - I'M going to enjoy the extra space.  You little ones are small.  He's my youngest and I'm ready to have our home to ourselves.  I'm even ready for his sweet little dog - who has chewed up my last pair of socks - to go too!

Shelton - I'm actively looking for buyers every day that can take advantage of this program.  My goal - 25 new home buyers before the end of the year!

Posted by Lisa Wetzel, CDPE, SFR carsonvalleyland.com (RE/MAX Realty Affiliates) over 9 years ago

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