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Yes there are programs out there from the state (CA) at least, that will help first time home buyers in their purchase. In most cases, they will lend, simple interest, not payable until the home is sold or refinanced, $12,000. How about that!! There are other programs that can be combined along with this loan. This is process is called layering loans.

There are several county, city , and state programs that can be used together to the point that the buyer in most cases does not need any money out of pocket. There is were the phrase "0% Down" comes from.

Let me know if you guys are more interested in this type of information.

Luciano

The news networks have been talking about a Real Estate bubble similar to the dot com bust, but let me tell you folks speaking from the bowels of the industry-nothing has changed. There are some good deals out there. Yes, there are some properties that are sitting on the market longer, but from what I have seen, these properties have either a physical, staging, or price issue. I know, cause I have seen them. Owners want to squeeze as much equity as they can from these guys, but they are forgeting a basic principle that they don't determine the price the buyers do. Looking at current inventories around the neighborhood, they are going to go with the most economical buy. So sellers, don't think your property is worth more than the Joneses just because you think so, check the competition, cause you know potential buyers are.

Thanks,

Luciano

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The news systems have been running wild on the Real Estate bubble bust, since last year. Let me tell you folks, speaking from the bowels of the industry, we have not seen a slowdown as they predicted. Granted properties are holding longer on the market, but really ask yourself why? Many of the properties that are sitting on the market for more than 30 days, either have a physical, staging, or price issue. I know cause I'm out there looking at them.

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