Check out the April Netter Real Estate Video Update for Great Advice for Foreclosures, Wall Tiles, Stone Hearth Ovens, and Timing Your Sale!

 Click on the Image Above for a Full View of the Newsletter!

Some Thoughts on Wealth Building

Ian Spolding, a self-made millionaire, said something fascinating in the conversation about wealth building that we would like to share with you:

“It’s not about addition or subtraction.  It’s about multiplication.  My entire philosophy around money has been this: Once I get money I look for ways to multiply, not just to be added to.  The bigger the multiplier, the better it is.”  It’s all about opportunity to multiply wealth.

Need evidence?  Look no further than Warren Buffet.   He has put billions of personal savings (outside of Berkshire Hathaway funds) into the stock market in the last few weeks.  He stated:  “A simple rule dictates my buying:

BE FEARFUL WHEN OTHERS ARE GREEDY, AND BE GREEDY WHEN OTHERS ARE FEARFUL.”  In our markets, fear is everywhere.

“Let me be clear on one point” I can’t predict the short-term movements of the stock market.  I haven’t the faintest idea as to whether stocks will be higher or lower a month – or a year – from now.   What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up.  So if you wait for the robins, spring will be over,” says Mr. Buffet regarding multiplying wealth.

We often hear questions and statements like:  “Are we at the bottom of the real estate market yet?” or “When is a good time to buy?” or “I am waiting for the market to go down more!”  or “The economy is doing so badly that we will be jobless and homeless soon!”

Think about it again!!!  BE FEARFUL WHEN OTHERS ARE GREEDY, AND BE GREEDY WHEN OTHERS ARE FEARFUL!

When is a good time to buy???   NOW!!!   The opportunities are here and the money is available to borrow!!!  What are you waiting for?

ARE YOU IN A BOAT OR ARE YOU MISSING IT?

The Jim Netter Team

NETTER REAL ESTATE

631-661-5100 x 148  or  irenner@netterrealestate.com  

 www.netterrealestate.com   

G R E A T    N E W S!

The Town of Babylon announced that it will give middle-income families a $15,000 down payment match toward the purchase of their first home!

• Buyers must earn between 81-120% ($77,701-$116,500 for a family of four) of the area’s median income to qualify for the program.
• The home must be purchased in the Town of Babylon.
• The $15,000 will come from a revolving fund that uses money from the town’s affordable housing trust fund.
• This program is unique because while most HUD-funded programs only provide housing assistance to families earning 80% or less of the area’s median income, this program is available to those earning between 81-120% of the area’s median income.
• Buyers must:
  1. Be HUD-defined first-time home buyers.
  2. Occupy purchased home as a principal residence.
  3. Not be in contract to purchase before the start of the program (March 2).
  4. Contribute $15,000 toward the down payment.
  5. Buy a home in Babylon town for up to $396,150.
  6. Participate in the Long Island Green Homes Program, which updates homes’ energy efficiency, within six months of purchase.
  7. Attend a one-time mortgage counseling session with the Long Island Housing Partnership.

FOR MORE INFORMATION ON THIS GREAT PROGRAM CALL

 NETTER REAL ESTATE

631-661-5100

info@netterrealestate.com

As Modified in the American Recovery and Reinvestment Act:

Effective for Purchases January 1, 2009-December 1, 2009

• Maximum Credit Amount Increased to $8,000.
• All Single Family Residence (Including Condos, Co-ops, Townhouses) Used as a Principal Residence are Eligible.
• Reduced (or can eliminate) Income Tax Liability for the Year of Purchase. Any Unused Amount of Tax Credit Refunded to Purchaser.
• Full Amount of Credit Available for Individuals with Adjusted Income of No Moore than $75,000 ($150,000 on Joint Return).
• Purchaser May Not Have Owned a Principal Residence in 3 Years Prior to Purchase.
• No Repayment of Credit for Purchases January 1, 2009-December 1, 2009.
• If Home is Sold Within 3 Years of Purchase, Entire Amount of Credit is Recaptured on Sale. Applies Only to Homes Purchased in 2009.

For Further Information on the The First Time Home Buyers Credit

Netter Real Estate

631-661-5100

info@netterrealestate.com

Great News from Our Government!!

$15,000 Tax Credit on Any Home Purchase

A Bill Just Passed by the Senate Will Entice You to BUY NOW!

Here are the Most Important Things About the Bill That You Need to Know:

• Amount of the tax credit will equal $15,000.
• Purchases must be made within one year of this legislation being enacted!
• This tax credit will not have to be repaid.
• Taxpayers will be able to claim the credit on their 2008 income tax return.
• This will only apply to the purchase of a primary residence.
• You will have to stay in the residence for at least 2 years.

Any Questions?   Call the Jim Netter Team!   We are Here to Help!

Irina Renner

Buyers Assistant to James A. Netter

Netter Real Estate

(631) 661-5100

www.NetterRealEstate.com

irenner@netterrealestate.com

There are Some Doggone Great Deals in the Real Estate Market. When You or Someone You Know Needs the Assistance of a Professional Realtor, Call Me at 631-661-5100 ext 150. I Would Love to Hep You Look for Your New Digs!

CALL ANGELA CHARRON of NETTER REAL ESTATE

(631) 661-5100

(631) 664-1211 (cell)

amc4sale@yahoo.com

 CELEBRATING 60 YEARS OF UNPARRELLED DEDICATION

You can call us for information on one of our listed homes or you can email us looking for information on one of our homes that NetterRealEstate.com is linked to. You can search our website for ALL THE HOMES FOR SALE IN OUR AREA, ON LONG ISLAND, ALL OVER THE USA AND, YES, ALL OVER THE WORLD.

But what we would like you to know is that we can act as your resource to cut through the thick fog of this real estate/financial debacle. We want to share with you the story of recovery. With our 469 years of combined experience; we have surrounded ourselves with the finest in consultants for legal, accounting, financial and marketing needs for our 10’s of thousands of clients and friends. We have been on the front line of this real estate/financial meltdown and we have the answers.

Our advice is FREE….. Call our Hotline Toll Free 1 800-626-7356 or email to info@NetterRealEstate.com

ASK about Short Sales, Foreclosures, Loan Modifications, Refinance and a host of other Hot Topics.

We’re not just a real estate and mortgage company. We are your learned neighbors. YES, we are Realtors and mortgage professionals, but we are determined to be your best resource for the REAL Answers.

Jim Netter and our nearly 100 professionals believe strongly that we can be your Best resource for ALL the Real Estate and financing answers YOU SEEK.

Yes, it’s true we only make $ when we sell something, however, our wealth of experience and knowledge is available to you for FREE !

 WHY BUY NOW?

The cycles of the Real Estate Market prove that since we are AT THE BOTTOM that NOW is the time to buy!  Interest rates are at a 30 year low . . . under 6% for a qualified buyer! The number of new homes coming on the market is slowing. The absorption rate is increasing because of higher # of sales. Inventory is staying on the market for a shorter time. This is why the real estate investors are calling: They know there is no better time than now! Hitch your wagon to our team of professionals and find your dream home.

If you or someone you know is suffering from “Mortgage Stress,” call the name you know you can TRUST . . . “Netter”.

Our toll free HOTLINE is 800-626-7356.

 MARKET WATCH

Despite all of the bad news, despite the hand-wringing and fear over the coming of the next “Great Depression,” more than 816 Suffolk County buyers had the confidence to buy a home here September. We’re not sugar-coating the problems that exist, but we feel compelled to point out that there are some very good things going on.

The Real Estate Market is Going to Be OK – REALLY.

 Call NETTER REAL ESTATE Today for More Information on Buying or Selling a Home in Today’s Market!

(631) 661-5100

info@netterrealestate.com

Do You Know Where You Are Going When Your Lease is Up??

Please don’t sign another lease until you have explored all of your options.

The benefits of home ownership are great:

·        Approximately 30% back on your income tax

·        Building equity in your home instead of your landlords

·        Pride of homeownership

I know you are probably wary about purchasing a home, but give yourself the benefit of the doubt. I can help you analyze your income and financial picture to determine your home purchase options. I can even show you your tax saving and calculate a payment that will be comparable to your rent.

If you, or someone you know, are interested in checking your home buying options, please call or e-mail me. There is not cost or obligation.

Irina Renner

Buyers Assistant to James A. Netter

Netter Real Estate

631-661-5100

www.netterrealestate.com

irenner@netterrealestate.com