SALE EVENT!! Why Rent When You Can Own a Fabulous NEW Townhome in Madisonville!!

ATTENTION HOME BUYERS! CHECK OUT THIS ROCK BOTTOM SALE!

GRAND OPPORTUNITY FOR AFFORDABLE HOME OWNERSHIP:

Announcing a BIG SALE on the Townhomes located at Guste Island Subdivision in Madisonville. All of the townhomes are located in the "Village" section of Guste Island on White Heron Drive and are in NEW condition. All of the Townhomes are vacant and ready to be lived in!

IN AN EFFORT TO GET THESE HOMES SOLD, THE BUILDER HAS SLASHED PRICES, BUT YOU MUST ACT NOW!

• Contracts Must Be Written By 5/1/09 at 6 PM
• Close Must Take Place On or Before 5/31/09
  

THE BUILDER HAS SLASHED PRICES UP TO 20K ON SOME UNITS ON TOP OF ALREADY REDUCED PRICING. HERE ARE SOME ADDITIONAL PRICING DETAILS:

• Units are Listed Between $84 and $92 per Square Foot NEW Construction!
• The Least Expensive Unit is $139,900!!
• All Qualify for Rural Development loans, 100% Financing 6% in Seller Paid Closing Costs Allowed
• Should Qualify RD Loan, You Could Walk Into Your New Home With NO MONEY DOWN!!!!
• Buy A Home For Cheaper Than Rent!
  

SOME FACTS ABOUT THE TOWNHOMES:

• 15 Townhomes to Choose From
• Great Constuction From KB Homes, Over 50 Years in Building Excellence
• 4 Floorplans, Each Unit Individual to Each Other in Terms of Design
• Both 2 and 3 Bedroom Designs
• All Have Garages
• All Have 2.5 Baths
• Most Have Bonus "Loft" Areas That Offer Additonal Living Space or Could Be Converted o an Additonal Bedroom
• FREE 10 Year Builder's Limited New Home Warranty!

SOME FACTS ABOUT GUSTE ISLAND AND THE COMMUNITY:

• Exterior Insurance is Included in HOA Dues
• Landscaping and Lawn Maintenance Included in HOA Dues
• Community Club House and Pool
• Play Spaces Include Baseball and Soccer Fields Walking/Biking/Jogging Paths and
  Lakes
• TO MAKE AN OFFER ON ONE OF THESE BEST BUY TOWNHOMES, OR FOR MORE INFORMATION ON THIS EXCITING COMMUNITY, RURAL DEVELOPMENT LOANS OR ANYTHING REGARDING REAL ESTATE, PLEASE CONTACT:
  
  
• Jeff Craig, (504) 352-6190
• Alicia Lagarde Craig, (504) 382-3724

CALL THE CRAIGS FOR REAL ESTATE

100% Financing Can Be Yours Through USDA Rural Development Loans

With most loan products offering 100% financing disappearing with the downturn in the housing market, many home buyers with little to no cash for a downpayment or closing costs have had a harder time finding loans that they can afford. For many people in this situation, a USDA Rural Development Loan may be the answer for them that will provide a pathway to home ownership.

The loan program is offered through the United States Department of Agriculture and is intended to foster home ownership in rural areas for families with low to moderate incomes. While both location and income limits exist, the areas covered and the maximum incomes allowed may surprise you.

The loans offered are for 100% financing with buyers being able to accept up to 6% from the seller towards closing costs and prepaid items such as taxes and insurance.

In addition, the program does not require the borrower to purchase PMI (private mortgage insurance) further saving on the costs to the buyer.

Many homes for sale are in eligible areas that are in close proximity to major urban metropolitan areas and corridors, the New Orleans area included. For instance, areas in both St. Bernard Parish and Kenner are eligible, as well as most of St. Tammany and surrounding Parishes.

Income limits are set generously at 115% of median income for the area. Income limits for the New Orleans area are for a family size of: (1)=$49,550; (2)=$56,600; (3)=$63,700; (4)=$70,750; (5)=$76,400; (6)=$82,050; (7)=$$87,750; and (8)=$93,400.

More information about rural development loans may be obtained by visiting the USDA website at: http://www.rurdev.usda.gov/

Now is a Great Time to Buy a House!

With all of the negative news surrounding us these days, from the collapse of the housing market to the latest unemployment figures, many of us assume that now is not the best time to make an investment in real estate. In all actuality, just the opposite is true! Now is the time to buy! And for a variety of reasons.

Reason #1: Pricing is Fantastic! Prices are lowest they have been as New Orleans area housing inventory remains high and home buyers continue to be in the driver’s seat. This is true in many markets, and is especially seen in our St. Tammany/Northshore market where there continuues to be a surplus of subdivisions offering builder-developed new home stock. Considering these housing market trends, will prices go lower? Truth is, nobody's crystal ball works well enough to know, but this next statement you can take to the bank: by the time you know that the prices have bottomed out, they will have already risen significantly. In other words, if you wait, you may miss the boat.

Reason #2: Interest Rates Are Low! Can they get much lower than 4.265%? These 4+% interest rates won't last forever. In these uncertain times, the Federal Reserve can change course on a dime, costing you thousands in interest payments on a home loan!

Reason #3: Enjoy Benefits of Home Ownership! All the advantages of home ownership still exist. It is a forced savings plan as you build equity with each payment on the principal. You pay yourself, not someone else. It will more than likely be your biggest savings vehicle. Interest on your home is still tax deductable by the government, so rather than paying taxes, you are building wealth. It is an investment that increases in value even as you build equity while paying down the note and still increases in value (over time) even after the investment has finished being paid for.

This is called a buyer's market for a reason, not a waiter's market or a lookers market. With home prices down, inventory high and interest rates low, now is a great time to buy a house!