Ron Gorman, Realtor®
 Your St. Louis Real Estate Specialist

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Ron Gorman presents St. Louis, Mo Real Estate, information about the City of St. Louis, University City Real Estate, Olivette Real Estate, Clayton Real Estate, Ladue Real Estate, Richmond-Heights Real Estate, Maplewood Real Estate, Brentwood Real Estate and surrounding areas.  Contact me today for more information.

Looking for homes could not be easier than by clicking here.  Use the great mapping technique to simplify your search.

Whether you are a first time buyer, previous purchaser,  potential home seller, or an experienced investor here at STLcityhomes.com, you will find useful information about St. Louis, University City, Olivette, Clayton, Ladue, Richmond-Heights, Maplewood, and Brentwood.  Let me help guide you with information on how to choose the "right" property, making an offer, negotiating, financing, mortgage rates, moving, and everything involved in making an informed real estate decision in today's market. You can also search for the current availability of  home or commercial property in St. Louis Real Estate, St. Charles Real Estate and beyond, here at STLcityhomes.com, where you can access the St. Louis MLS and much more.  Ron Gorman, ®Realtor, wants you to make educated decisions so that you will be happy with your real estate purchase.

Please feel free to browse through St. Louis MLS  in order to explore the St. Louis communities of the City of St. Louis, University City, Olivette, Clayton, Ladue, Richmond-Heights, Maplewood, and Brentwood. If you need help or are confused in using the search tools, please contact me so that I can make your efforts pain-free and productive. 

St. Louis is a city that has a wonderful heritage of neighborhoods such as Lafayette Square, Shaw, Benton Park, Soulard, Fox, Tower Grove, and many others. Check out these historic areas by clicking  on the "Neighborhood" button. There you will see a list of the neighborhoods that you can click on once you see the neighborhoods that you interested in finding more information about. Ron Gorman, ®Realtor, offers this comprehensive online tool to give you direct access to the latest properties for sale in your area. You will also find  extensive community information, lifestyles, school information, information for buyers & sellers, a free home evaluation, answers to commonly asked real estate questions, the lasted information about home improvements and much more. Here at STLcityhomes.com.  You will find everything about real estate within one easy source.  If you need information that you can't find, please contact me or give me a call at 314-570-5125.

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FIRST TIME HOME BUYER 

If you are a first-time home buyer, I hope that you are aware of the legislation that provided for a tax credit of as much as $8000 depending upon income. This credit is equivalent to 10% of the purchase price of the home but it is capped at $8000.  The tax credit applies only to first-time home buyers and principal residence.  The plus of this change is that unlike the $7500 home buyer tax credit that had to be repaid over 15 years, this one does not have to be repaid as long as you living in the home for at least 3 years.

 

Key points to be aware of: 

 

1) First time home buyers is anyone who hasn't owned a primary residence for 3 years before buying a home. 

 

2) 2009 buyers only is for those who purchase a home on or after January 1 and before December 1, 2009.  If you bought a home last year, you won't be able to take advantage of the new program but you can take advantage of last year's $7500 tax credit that needs to be repaid over 15 years. 

 

3) To obtain the new tax credit, you must live in that home for at least 3 years.

 

4) Single buyers need a modified adjusted gross income of $75,000 or less or a married couples with incomes   of $150,000 or less in order to qualify for the full credit.

 

5) Because the tax credit is refundable, qualified buyers can take advantage of it even if they don't have much tax liability.

 

Until May 13th, the policy regarding the tax credit indicated that the tax credit could be used for the downpayment.  However, there is now a revision to the policy as Secretary Donovan announced that the $8000 could not used to fund the downpayment.  But, there are allowing bridge loans to be used.  

 

Fortunately for the potential buyers who live in Missouri, there is a program which provides that bridge loan which is repaid once the federal tax credit is received. The name of the program is TCAL which stands for Tax Cash Assistance Loan and is administered by the Missouri Housing Development Commission If the tax refund is not applied to pay off the Missouri program, the bridge loan is converted to a 30 year second mortgage

 

For more information regarding Missouri's TCAL program, click here

 

Click here for more information about "First-Time Home Buyer Tax Credit 


CLICK FOR THE IRS TAX FORM FOR 1ST TIME HOME BUYERS

                      
FEDERAL HOUSING AUTHORITY

 

As the FHA plays an increasingly important role in the financing of homes,  it is very important that the potential home buyers become more informed of the the tools that the agency offers.  The buyer needs to be aware of the many programs (for example, Hope for Homeowners and/or the 203K) that are available. 

 

On the sidebar you can click on the FHA button which will take you to the site that has the information that you may need.  

 

MORTGAGE PROBLEMS

 

With the mortgage payment problems that so many are facing, it is really important to know potential sources of assistance.  The federal government is making concerted efforts to provide relief.  I just saw a web site that can be of help.  This program that the government has started is called:  Making Homes Affordable.  As I see additional areas, I will provide that information.

 

  • Mortgage rates are at historically low levels.  If you want to know the current rate, send me an email at ronaldgorman@me.com.  Be aware that these rates will vary depending upon your financial situation.
  • More opportunity for less money.
  • With more foreclosures and MUST SELL on the market, home choices are greater than ever.
  • With more homes on  the market, you have more selection and greater ability to buy the home that you want. If you are considering renting, check to see if buying wouldn't be a better decision considering today's market. Click here to use a calculator to assist you in making that decision.

 

 ESCROW AND CLOSING INFORMATION


What is ESCROW?  Escrow comes into play when there is a transfer of money and related documents (i.e. deed or other instrument) by one party to another. These funds are documents are delivered to a neutral third party who is called an escrow agent or escrow holder. Find out more...

Closing and Titles Costs? - Once an offer has been accepted, the real estate agents have to make certain that all of the necessary documents have been turned into their office as well as the title company for processing.  This task can be rather daunting as there are many issues which have to be checked for accuracy so that they are legally acceptable.  Find out more... 

 

Why Buy Now? Home sellers have to be more realistic about their listing prices if they hope to sell their homes.

 

 

GREATER ST. LOUIS METROPOLITAN NEWS AND CURRENT EVENTS

With so many activities going on in the City of St. Louis, I will be posting  here that I feel would be of interest to the visitors to my web site.  I will be gleaming this information from many locations, but I would really like to have your help.  If you are aware of a special events and want it posted, please call me or send an email to info@stlcityhomes.com.  With so much going on and with so many exciting events, these postings should really be helpful.

 
 
st louis real estate
Ron Gorman, Realtor
Coldwell Banker Gundaker
St. Louis Office
4320 Hampton Ave
 St. Louis, MO  63109
Office: (314) 351-6005
Cell: (314) 570-5125
Fax: (314) 667-3016
Email: info@stlcityhomes.com

  Licensed in the State of Missouri
 

 

 

Specializing in St. Louis City Real Estate - St. Louis Condos - St. Louis Lofts - Saint Louis Real Estate


You can find great local Saint Louis, Missouri real estate information on Localism.com Ronald Gorman is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.

 

 

 

 

 


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