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1. Less competition for buyers

2. Winter prospects are more serious

3. Homes show better during holidays

4. One of the highest ratios of 'Listings sold' to 'Listings Taken' occur during this time of year

5. May receive more money for your home because there is less seller competition

6. Throughout the season you may restrict showings during family gatherings

7. Buyers have more time to look at home during the holiday season, especially during vacation time.

8. January is traditionally the biggest transfer month where corporations are moving employees who are in need of housing.

9. By selling now you can have a delayed closing or extended occupancy until the beginning of the year.

10. If you sell during the winter you may choose to purchase during the Spring when there are more homes to choose from.

11. You may have fewer actual showings but more qualified and motivated buyers.

12. Corporate transfers need to buy now. They can't wait until Spring to purchase.

Call me at 702-212-2288 to discuss your options! You can also email me at homes@BigLifeEvent.com or visit my website at www.BigLifeEvent.com.

1) Uncertainly regarding loan programs and limits. May n ot be available in 2009 after the changes in our government take place.

2) Because there are less buyers shopping for a home at this time you may be in a stronger negotiating position.

3) With fewer buyers on the market during the holiday, there may be less multiple offer situations, especially regarding REO properties and short sales.

4) The transaction load is lighter for lenders at this time so your file may be handled quicker, more efficiently, and more accurately. This is true also for Title and Escrow.

5) It's nice to get a feel for a home when it's decorated for holidays.

6) Home shoppers may have more vacation or free time instead of having to ask off work to look at homes or complete paperwork, signing.

7) You can show your visiting friends and family your prospective new home.

8) With fewer buyers on the market at this time it may be easier to schedule inspections, etc. allowing you to shorten a contingency period in exchange for a more favorable price or lock in an interest rate on your loan.

9) You'll be enjoying your new home in the Spring as opposed to move then.

10) January is typically the best time of the year to buy decorating items or home improvement items as the retail industry doesn't want a huse slump after the boomo in holiday shopping.

11) If you have kids they can transfer to their new schools at the start of the new semester and avoid 'getting behind'.

12) What could be a better gift for the family than a new home for the holiday!

Call me at 702-212-2288 to discuss your options and best year end home purchases! You can also email me at homes@BigLifeEvent.com or visit my website at www.BigLifeEvent.com.

Thank you for the opportunity to inform you of a program that is made available by the State of Nevada for "First Time Homebuyers". This program has been the best kept secret in the mortgage industry even though it's been available for more than 30 years. Especially in this volatile market and until we see more stability in the mortgage industry, you need to know that this program offers fixed rate first mortgages and down payment assistance to buyers that qualify. Homeownership is the American dream and with this program it has been able to help over 20,000 families realize that dream.

First time home buyers can now purchase homes with 0% down if you meet certain income requirements. The downpayment is borrowed from the state to be paid over a 20-year period. You must also attend a ome buyer seminar provided by one of the organizations below.

Call me at 702-212-2288 to discuss your options! You can also email me at homes@BigLifeEvent.com or visit my website at www.BigLifeEvent.com.

FIRST TIME HOMEBUYER EDUCATION PROVIDERS

This Mortgagee Letter provides notice of the 2009 comprehensive update to the Federal Housing Administration's (FHA) single-family mortgage limits as a result of the enactment of the Housing and Economic Recovery Act of 2008 (HERA). The mortgage limits described in this Mortgagee Letter are effective for those loans which have credit approval on or after

January 1, 2009, and apply to mortgages insured under the following Sections of the National Housing Act: Sections 203(b) (FHA's basic 1-4 family mortgage insurance program), 203(h) (mortgages for disaster victims), 203(k) (rehabilitation mortgage insurance) and 234(c) (condominium units). Instructions for FHA's Home Equity Conversion Mortgages (HECM) under Section 255 are set forth below.

Under the Housing and Economic Recovery Act (HERA) of 2008 passed in July 2008 (Section 1124), the Federal Housing Finance Agency (FHFA) was established and directed to set conforming loan limits each year for the nation as a whole, as well as for high-cost areas. The rules governing how the loan limits are established differ from the rules set forth in the Economic Stimulus Act of 2008 (ESA), which applies to loans originated in 2008. For example, under ESA, loan limits for high-cost areas were set at 125 percent of local house price medians and the maximum high-cost limit was 175 percent of the national conforming limit ($729,750 in the continental U.S.). See Mortgagee Letter 2008-06, dated March 6, 2008.

HERA stipulates that the national loan limit for one-unit homes in the continental United States shall be pegged to a house price index chosen by the FHFA. The national loan limit for 2009 will remain at $417,000. HERA provides that the mortgage limit for any given area shall be set at 115 percent of the median house price in that area, as determined by the Department of Housing and Urban Development, except that the FHA mortgage limit in any given area cannot exceed 150 percent of the Freddie Mac national loan limit, nor be lower than 65 percent of the Freddie Mac national loan limit for a residence of applicable size. Section 2112 of HERA further amends Section 203(b) of the National Housing Act to stipulate that the maximum principal loan obligation cannot exceed 100 percent of the appraised value of the property.

FHA's floor and ceiling loan limits for 2009 are set forth below based on the limits set forth in HERA. Interested parties may view FHFA's press release regarding 2009 loan limits for Freddie Mac and Fannie Mae at http://www.ofheo.gov/newsroom.aspx.

In areas where 115 percent of the median house price is less than 65 percent of the Freddie Mac limit, the FHA limits are set at the 65 percent amount, i.e., the "floor," as follows:

One-Unit $271,050

Two-Unit $347,000

Three-Unit $419,400

Four-Unit $521,250

Any area where the limits exceed the floor is known as a "high cost" area. In areas where 115 percent of the median house price exceeds the 150 percent figure, the mortgage limits are set at the 150 percent amount, i.e., the "ceiling," as follows:

One-Unit $625,500

Two-Unit $800,775

Three-Unit $967,950

Four-Unit $1,202,925

For all other areas, i.e., those where 115 percent of the median home price for the area is in between the floor and the ceiling, the limit shall be at 115 percent of the median home price.

The list of areas where the FHA mortgage limits are at the ceiling is provided in Attachment I. The list of areas where the FHA mortgage limits are in between the ceiling and the floor is provided in Attachment II. For any areas not listed in either Attachment I or II, the FHA mortgage limits are at the floor.

Learn about the NACA Mortgage

•· WHAT IS NACA?

•· WHAT ARE THE SERVICES NACA OFFERS?

•· WHAT IS NACA's BEST MORTGAGE IN AMERICA?

•v No Down Payment

•v No Closing Costs

•v No Perfect Credit (Credit Scores are not part of qualification)

•v 100% Financing

•v 1% below the conventional market rate

•v Every member receives the same interest rate

Visit our website www.naca.com

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