Teachers, Law Enforcement officers and Firefighters may qualify for 50% discount on a HUD home.
Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.
How the Program Works
Eligible Single Family homes located in revitalization areas are listed exclusively for sales through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for five days.
How to Participate in Good Neighbor Next Door
Check the listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD’s regulations for the program.
HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this “silent second” provided that you fulfill the three-year occupancy requirement. The number of properties available is limited and the list of available properties changes weekly.
Info from HUD. If you think you may qualify please contact an ERA Knight Realty agent at 1-888-892-7373
ERA Knight Realty reports record sales for August 2011
“August sales stats for ERA Knight Realty were the best monthly totals of the year for a single month” , reports Rick Knight. “We saw a slower 1st quarter this year than what we expected. Then sales started to take off this summer. Knight Realty sold over 5.7 million in real estate in the month of August. That is closed sales volume. That is an increase over August of 2010 so we are excited. We also will sale more in September 2011 than September 2010. So there is a buzz around the office that, Hey we are seeing the light at the end of th tunnel.”
ERA Knight agents are talking about the low interest rates and a new crop of young home buyers. “These guys were in college when the market was starting to slide a few years ago. Now, these young men and women are getting their careers together and looking at the interest rates and buying. ” adds Rick Knight, ” We are also seeing a lot of retired home buyers paying cash for homes. That is a good sign that prices are attractive and they see good value. Our average sales price in August was $247,826. And that really nails it about what is hot in the market. We sold in all price points this summer but the bulk is in the popular neighborhoods in the $200,000’s plus or minus. We still are seeing price pressure on the more expensive homes. But as we look to the 4th quarter we see buyers interested in getting a good price with a very low interest rate. Our Corporate Relocation business has been busy all summer. Our property management division is very busy and they are seeing prices increase because of demand. That is huge for sales. When rent prices go up, it makes buying more attractive. ”
Rick Knight is Broker / Owner of ERA Knight Realty. He can be reached at 1-888-892-7373
Cartus Network Affinity Specialist
BROKERS OF ERA KNIGHT REALTY EARNS AFFINITY SPECIALIST CERTIFICATION FROM CARTUS BROKER SERVICES
Certified Agent Advantage offers Broker Network agent specialized expertise to assist customers.
LAKE NORMAN,NC, MARCH 31, 2011 – ERA Knight Realty today announced that the “A” Team agents have achieved the Cartus Network Affinity Specialist (CNAS) certification. This annual certificate is part of the Certified Agent Advantage program, a professional standard available exclusively to the members of the Cartus Broker Network — the leading network of real estate brokers serving the clients and customers of Cartus.
The CNAS course in which the brokers participated covers performance metrics and goals to address the critical-to-quality elements of successfully servicing affinity clients and their customers.
“As members of the Cartus Broker Network, our agents strive to deliver excellent service to every client,” said Rick Knight, Broker / Owner. “The Certified Agent Advantage program helps to differentiate our agents and provides them with a wider range of resources and career growth opportunities.”
Other certifications available through the Certified Agent Advantage program are Cartus Network Marketing Specialist (CNMS), Cartus Network Referral Specialist (CNRS), and Cartus Network Inventory Specialist (CNIS).
About the Cartus Broker Network
Cartus Broker Network is the nation’s leading network of more than 425 Principal and 600 Associate brokers — market-leading real estate companies that serve the clients and customers of Cartus. Cartus Corporation is the premier provider of global mobility management and workforce development solutions serving the corporate, government, and affinity markets. Through its industry-leading outsourcing, consulting, intercultural, and language training, Cartus helps the mobile workforces of organizations of all sizes achieve success worldwide. With more than 50 years of experience, Cartus helps clients achieve their service performance goals to enable them to accomplish their organizational objectives. Cartus, formerly known as Cendant Mobility, is part of Realogy Corporation, the world’s leading real estate franchisor whose diversified business model also includes real estate brokerage, relocation, and title services. Headquartered in Parsippany, NJ, Realogy has more than 15,000 employees worldwide. Visit www.cartus.com and www.realogy.com for more information.
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Contact:
Aubri Knight
Relocation Department
ERA Knight Realty 1-888-892-7373
Housing market update
February Pending Home Sales Rise
Mar 28, 2011 ( www.realtor.org )
Lawrence Yun, NAR chief economist, says it’s important to look at the broader trend. “Month-to-month movements can be instructive, but in this uneven recovery it’s important to look at the longer term performance,” he said. “Pending home sales have trended up very nicely since bottoming out last June, even with periodic monthly declines. Contract activity is now 20 percent above the low point immediately following expiration of the home buyer tax credit.”
Yun notes there could have been some weather impact in the February data. “All of the regions saw gains except for the Northeast, where unusually bad winter weather may have curtailed some shopping and contract activity.”
“We may not see notable gains in existing-home sales in the near term, but they’re expected to rise 5 to 10 percent this year with the economic recovery, job creation and excellent affordability conditions providing confidence to buyers who’ve been on the sidelines”.
RATEFORECAST
Mar 31, 2011 (Bankrate.com)
Will rates rise or remain relatively unchanged this week?
Industry experts and analysts provide their insights.
· 6% of respondents expect rates to fall in the coming weeks
· 59% predict a further increase in mortgage rates while the remaining
· 35% forecast that mortgage rates will remain more or less unchanged
Davidson Landing on Lake Norman
Davidson Landing Sales
Statistics
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Stats provided by Zach Stamey. visit www.Davidsonlanding.com
