Stimulus - Tax Credit - Revisited.

The tax credit for purchasing a home has been a positive in some ways for our business. We certainly have seen quite a few folks who want to take advantage of the tax credit ( $8000 for a first time buyer and $6500 for an "existing" home owner (defined as someone who has lived in their home for 5 out of the last 8 years)). Buyers certainly can still do so...by purchasing one of our inventory or "showcase" homes.

Unfortunately, we have passed the point in time where we can build a home from scratch and still help a customer meet the time parameters of the stimulus (June 30, 2010 close and move in). Beyond the more obvious part of finishing the home by that time...is the ability of the lender, along with the customer, to have all the necessary documents and underwriting approvals etc. completed for closing on the mortgage by the end date. It takes alot of effort and coordination to make a closing take place.

It remains a great time to buy...and you can still buy new...and buy now...by purchasing one of our inventory homes (purchase need be prior to April 30, and close prior to June 30).

If you have any questions regarding building a new home, or the stimulus...please let me or one of our team know. We will be happy to try to help.

Have a great day...

Good Idea?

There are a few ideas that have been bandied about relative to the foreclosure problem that our market faces.....
One that is gaining more and more momentum is that of debt forgiveness. This concept is more than simply forgiving what people owe....the best of these proposals would also include those that have debt forgiven, would be required to share any gain when the house is sold ( 50%). while not perfect, this idea could be the absolute best way for our real estate market to clean out some of the things that are keeping the market from stabilizing and moving forward with more certainty and confidence.

see the following link http://www.realtor.org/RMODaily.nsf/pages/News2010021503?OpenDocument


What do you think of that idea? Let me know your comments, I would love to hear them.

What's New at Eastbrook Homes

Some very positive developments here at Eastbrook Homes. We have been fortunate to add some great communities and locations to our family.

In Auburn we have added Shelton Cove, and have completed the purchase of the majority of sites at The Preserve of Auburn.

Shelton Cove provides a great location (minutes to Tiger Town and I 85, located in Auburn Schools, close to the Robert Trent Jones Golf Trail (the National)), and the site is beautifully tree covered.

The Preserve is a hidden gem that now with the acquisition of the sites Eastbrook has purchased, and the commitment of the partners in the Preserve Lands LLC to making this community one of the best places to call home in the Auburn area! We will be adding the Pool and Clubhouse facility along with the landscape and trail plan along Farmville Road very soon! The site is absolutely gorgeous and has an assortment of products and prices ranging from Craftsman to Executive series.

Lansing has added a number of locations...we now are fortunate to include more than six locations in the Lansing Metropolitan area.

We are excited to be able to be building in these wonderful areas and communities. We be honored to have you visit...and hopefully decide to build in one. Let us know how we can help you do just that.