Rochester Real Estate | LOCAL Homes For Sale https://www.rochesterrealestateblog.com Rochester Real Estate | LOCAL Homes For Sale | Homes for sale in Rochester, NY, LOCAL Rochester real estate listings, market data, REALTOR® info, and high quality content updated every 15 minutes! Wed, 25 Jun 2025 11:50:30 +0000 hourly 1 https://wordpress.org/?v=6.7.2 https://www.rochesterrealestateblog.com/wp-content/uploads/2016/11/cropped-SITE-LOGO-512-x-512-1-32x32.png Should I Accept A Purchase Offer With Home Buyer Grants? – Rochester Real Estate | LOCAL Homes For Sale https://www.rochesterrealestateblog.com 32 32 June Home Maintenance Checklist: 40+ Must-Do Tasks to Prepare Your Home for Summer https://www.rochesterrealestateblog.com/june-home-maintenance-checklist-summer-prep/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20501 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> May Home Maintenance Checklist: 30 Essential Tasks to Prepare Your Home for Summer https://www.rochesterrealestateblog.com/may-home-maintenance-checklist/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20484 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> April Home Maintenance Checklist: How To Prepare Your Rochester NY Home For Spring https://www.rochesterrealestateblog.com/april-home-maintenance-checklist/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20364 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> March Home Maintenance Checklist: Get Your New York Home Ready for Spring https://www.rochesterrealestateblog.com/march-home-maintenance-checklist/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=20338 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Buy a House in New York https://www.rochesterrealestateblog.com/buy-a-house-in-new-york/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19906 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Sell a House in New York https://www.rochesterrealestateblog.com/sell-a-house-in-new-york/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19905 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Risks of Buying a Non-Warrantable Condo In New York: What You Need to Know https://www.rochesterrealestateblog.com/non-warrantable-condo/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19796 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Builders Should Know About Spec Construction Loans In New York https://www.rochesterrealestateblog.com/builders-spec-construction-loans/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19795 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Moving To The Finger Lakes Region Of New York | Guide To Relocating To The Finger Lakes https://www.rochesterrealestateblog.com/moving-to-the-finger-lakes-region/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19875 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Navigating the Numbers: The Pros and Cons of Using Online Home Value Estimators For New York Real Estate https://www.rochesterrealestateblog.com/pros-cons-online-home-value-estimators/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19794 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Role of Location in Home Valuation In New York https://www.rochesterrealestateblog.com/role-of-location-home-valuation/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19768 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Lowe’s vs U-Haul: A Review of Truck Rental Companies https://www.rochesterrealestateblog.com/lowes-vs-uhaul/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19758 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Understanding the Importance of a Seller’s Property Condition Disclosure https://www.rochesterrealestateblog.com/property-condition-disclosure-statement/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19632 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What are Delayed Showings and Negotiations in Real Estate In New York? https://www.rochesterrealestateblog.com/delayed-showings-negotiations/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19547 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 8 Viable Tactics to Selling Your Home and Moving Out of State https://www.rochesterrealestateblog.com/selling-home-moving-out-of-state/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19542 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Unconventional Methods for Selling a House: Thinking Outside the Box https://www.rochesterrealestateblog.com/unconventional-methods-for-selling-a-house/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19519 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Sell My House Off Market: Pros and Cons Explained https://www.rochesterrealestateblog.com/sell-house-off-market/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19503 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What is PITI and How Does It Affect Your Mortgage https://www.rochesterrealestateblog.com/what-is-piti/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19498 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Set A Home Renovation Budget https://www.rochesterrealestateblog.com/home-renovation-budget/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19490 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Does A Co-Borrowers Credit Scores Affect A Home Purchase? https://www.rochesterrealestateblog.com/co-borrower-credit-score/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19474 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> New Construction Final Walk-Through Checklist: Ensuring a Seamless Home Inspection https://www.rochesterrealestateblog.com/new-construction-final-walk-through/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19458 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Essential Tips for Pumping a Septic Tank: What You Need to Know https://www.rochesterrealestateblog.com/pumping-a-septic-tank/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19450 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Can You Submit Multiple Offers On Homes At Once – A Legal And Ethical Analysis https://www.rochesterrealestateblog.com/multiple-offers-on-homes-at-once/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19414 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Get Your Home Photo Ready for Real Estate Listings https://www.rochesterrealestateblog.com/real-estate-photo-ready/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19409 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does a Home Builder’s Warranty Cover? https://www.rochesterrealestateblog.com/home-builders-warranty/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19394 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> July 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/july-2023-rochester-ny-real-estate-market-update/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19403 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Who Pays Real Estate Commission When You Buy or Sell a Home https://www.rochesterrealestateblog.com/real-estate-commission/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19366 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Quitclaim Deeds: What You Need to Know https://www.rochesterrealestateblog.com/quitclaim-deeds/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19358 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Know About Selling a Home As Is for Cash https://www.rochesterrealestateblog.com/selling-home-as-is-cash/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19347 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Know if My House Has Paranormal Activity https://www.rochesterrealestateblog.com/is-my-house-haunted/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19342 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Why Find The History of a House https://www.rochesterrealestateblog.com/find-history-house/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19316 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> June 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/june-2023-rochester-ny-area-real-estate-market-update/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19313 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does a Real Estate Lawyer Do? https://www.rochesterrealestateblog.com/real-estate-lawyer/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19181 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> May 2023 Greater Rochester NY Area Real Estate Market Update https://www.rochesterrealestateblog.com/may-2023-rochester-ny-area-real-estate-market-update/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19162 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Know About Buying a Home For The First Time https://www.rochesterrealestateblog.com/buying-home-first-time/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=19058 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> <strong>What Should a Buyer Look For at a Home Inspection?</strong> https://www.rochesterrealestateblog.com/what-look-for-home-inspection/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18983 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Companies That Buy Houses For Cash Reviewed https://www.rochesterrealestateblog.com/companies-buy-houses-for-cash/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18889 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Does Home Staging Work and What is The Cost? https://www.rochesterrealestateblog.com/does-home-staging-work/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18814 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What to Avoid When Getting a Mortgage https://www.rochesterrealestateblog.com/avoid-when-getting-mortgage/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18797 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> <strong>5 Options For Replacing a Roof Reviewed</strong> https://www.rochesterrealestateblog.com/replacing-roof/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18771 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are Restrictive Covenants in Real Estate? https://www.rochesterrealestateblog.com/restrictive-covenants/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18714 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Can The Court Force The Sale of Your House in Divorce? https://www.rochesterrealestateblog.com/court-force-sale-divorce/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18693 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Real Estate Agent vs. Broker: What&#8217;s The Difference? https://www.rochesterrealestateblog.com/real-estate-agent-vs-broker/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18650 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Determine Square Feet In Your House For More Accurate Property Estimates https://www.rochesterrealestateblog.com/determine-square-feet/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18167 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 3 Things That Often Results in a Real Estate Agent Getting Sued https://www.rochesterrealestateblog.com/real-estate-agent-sued/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18133 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Top 5 Types Of Home Inspections Buyers Should Consider https://www.rochesterrealestateblog.com/5-types-home-inspections/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18119 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Pros And Cons Of Rent To Own Homes: What You Need To Know https://www.rochesterrealestateblog.com/pros-cons-rent-own-homes/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18104 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Smart Things To Do Before Moving That Will Help Ease Your Transition https://www.rochesterrealestateblog.com/things-before-moving/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18084 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Become a Real Estate Agent https://www.rochesterrealestateblog.com/become-real-estate-agent/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=18071 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Renting A House Or An Apartment: Which Is The Better Option https://www.rochesterrealestateblog.com/renting-house-apartment/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17871 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The 5 Most Important Factors To Consider When Buying A House https://www.rochesterrealestateblog.com/5-factors-buying-house/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17851 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Buyers And Sellers Need To Know About An Appraisal Gap https://www.rochesterrealestateblog.com/appraisal-gap/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17827 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Pros And Cons Of Renting With Roommates – What You Need To Know https://www.rochesterrealestateblog.com/renting-with-roommates/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17794 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 6 Things You Should Know About Buying Land https://www.rochesterrealestateblog.com/things-know-buying-land/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17773 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Long Should Home Sellers Wait To Respond To An Offer On Their Home? https://www.rochesterrealestateblog.com/home-sellers-wait-respond-offer/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=17745 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Buy A House With A Low Credit Score https://www.rochesterrealestateblog.com/how-to-buy-a-house-with-a-low-credit-score/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16819 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Things To Consider When Shipping A Car https://www.rochesterrealestateblog.com/things-to-consider-when-shipping-a-car/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16248 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Home Depot Truck Rentals: What to Know Including Pricing https://www.rochesterrealestateblog.com/home-depot-truck-rentals-what-to-know-including-pricing/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16156 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 16 Things To Do Before Listing Your Home For Sale https://www.rochesterrealestateblog.com/16-things-to-do-before-listing-your-home-for-sale/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16138 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Biggest Home Inspection Mistakes to Avoid https://www.rochesterrealestateblog.com/biggest-home-inspection-mistakes-to-avoid/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16112 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Your Credit Score Impacts Your Ability To Buy A House https://www.rochesterrealestateblog.com/how-credit-score-impacts-buying-house/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16086 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Winter Home Selling Mistakes | 7 Errors Made While Selling A House During The Winter https://www.rochesterrealestateblog.com/top-winter-home-selling-mistakes/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16051 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Winter Home Buying Mistakes | 11 Errors Made While Buying A House During The Winter https://www.rochesterrealestateblog.com/winter-home-buying-mistakes/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=16013 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Address Change Form Should I Use At The Post Office? https://www.rochesterrealestateblog.com/address-change-form-post-office/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15981 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Does Contingent Status Mean in Real Estate? https://www.rochesterrealestateblog.com/what-does-contingent-status-mean-real-estate/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15956 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> DIY Renovation Ideas For Your Backyard https://www.rochesterrealestateblog.com/diy-renovation-ideas-backyard/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15937 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Rent Your First Apartment Guide https://www.rochesterrealestateblog.com/how-to-rent-an-apartment/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15931 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Tips For Selling A Home Virtually https://www.rochesterrealestateblog.com/tips-selling-a-home-virtually/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15907 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Complete Winter Storage Checklist For Your Belongings https://www.rochesterrealestateblog.com/winter-storage-checklist/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15885 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Waive My Home Inspection When Buying A House? https://www.rochesterrealestateblog.com/should-i-waive-my-home-inspection/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15870 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Biggest Self Storage Companies Reviewed https://www.rochesterrealestateblog.com/biggest-self-storage-companies/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15836 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Earnest Money and House Deposits Explained https://www.rochesterrealestateblog.com/earnest-money-house-deposits-explained/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15760 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Moving Mistakes To Avoid https://www.rochesterrealestateblog.com/moving-mistakes-to-avoid/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15568 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Mortgage Myths | Demystifying Common Home Loan Misconceptions https://www.rochesterrealestateblog.com/top-mortgage-myths/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=15102 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> First-Time Home Buyer Mistakes to Avoid https://www.rochesterrealestateblog.com/first-time-home-buyer-mistakes/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=14815 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 10 Tips For Adding Appeal To Your Home This Summer https://www.rochesterrealestateblog.com/10-tips-adding-appeal-to-home-this-summer/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=14237 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Exploring The Merits of Smart Home Technology When Selling a Home https://www.rochesterrealestateblog.com/smart-home-technology-selling-a-home/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13782 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top Frequently Asked Questions From Home Sellers https://www.rochesterrealestateblog.com/top-frequently-asked-questions-home-sellers/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=2424 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> First Time Home Buyer Programs In Rochester NY &#8211; Updated January 2025 https://www.rochesterrealestateblog.com/first-time-home-buyer-programs/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock http://rochesterrealestateblog.com/?p=580 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How New Doors &#038; Windows Can Boost Your Home Value https://www.rochesterrealestateblog.com/how-new-doors-windows-boost-your-home-value/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13643 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top 5 Things To Know When Flipping Your First House https://www.rochesterrealestateblog.com/5-things-to-know-when-flipping-your-first-house/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13574 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are The Best Mortgage Options for Self Employed Borrowers? https://www.rochesterrealestateblog.com/mortgage-options-for-self-employed-borrowers/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13450 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Top 10 Best Places To See Christmas Lights In Rochester NY https://www.rochesterrealestateblog.com/top-10-best-places-see-christmas-lights-rochester-ny/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=10236 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Are The PROs And CONs Of Multifamily Homes? https://www.rochesterrealestateblog.com/what-are-the-pros-and-cons-of-multifamily-homes/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13219 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> What Low-Cost Home Improvements Should You Make Before Selling Your Home? https://www.rochesterrealestateblog.com/low-cost-home-improvements-you-should-make-before-selling-your-home/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13114 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 15 Things Millennial Home Buyers Look At While Buying A House https://www.rochesterrealestateblog.com/15-things-millennial-home-buyers-look-at-while-buying-a-house/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=13028 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How Does A Fence Increase The Value Of Your Home https://www.rochesterrealestateblog.com/how-does-a-fence-increase-the-value-of-your-home/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12995 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Simple &#038; Low Cost Fixes To Make Your Home More Appealing To Buyers https://www.rochesterrealestateblog.com/5-simple-and-low-cost-fixes-to-make-your-home-more-appealing-to-buyers/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12779 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How To Improve A Homes Curb Appeal In Rochester NY https://www.rochesterrealestateblog.com/how-to-improve-a-homes-curb-appeal-rochester-ny/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12665 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 7 Ways to Create an Energy-Efficient Home While Conserving Your Budget https://www.rochesterrealestateblog.com/7-ways-create-an-energy-efficient-home/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12633 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Hiring Movers Vs. Moving Yourself | The PROs &#038; CONs Of Each https://www.rochesterrealestateblog.com/hiring-movers-vs-moving-yourself/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12592 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should You Pay Off Student Loans Before Purchasing a Home? https://www.rochesterrealestateblog.com/pay-off-student-loans-before-purchasing-a-home/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12531 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Should I Build A New Home Or Buy An Existing Home? https://www.rochesterrealestateblog.com/should-i-build-a-new-home-or-buy-an-existing-home/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=2497 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> Buying A Condo Vs. Renting A Condo | What Are The PROs &#038; CONs? https://www.rochesterrealestateblog.com/buying-a-condo-vs-renting-a-condo/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12402 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 9 Money Saving Moving Tips | How To Cut Costs When Moving https://www.rochesterrealestateblog.com/9-money-saving-moving-tips/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12341 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> How to Create a Proper Home Maintenance Checklist https://www.rochesterrealestateblog.com/how-to-create-a-proper-home-maintenance-checklist/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12300 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> 5 Tips For Tenant Screening | How To Weed Out Bad Tenant Applicants https://www.rochesterrealestateblog.com/tips-for-tenant-screening/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12291 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Social Media Blogs For Real Estate From 2017 https://www.rochesterrealestateblog.com/best-social-media-blogs-2017/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12045 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Home Improvement Blogs From 2017 | Advice For Home Remodeling https://www.rochesterrealestateblog.com/best-home-improvement-blogs-2017/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12044 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
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About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]> The Best Mortgage Blogs From 2017 | Advice For Home Financing https://www.rochesterrealestateblog.com/best-mortgage-blogs-2017/ Tue, 07 Jul 2015 11:00:31 +0000 Kyle Hiscock https://www.rochesterrealestateblog.com/?p=12043 Should I Accept A Purchase Offer With Home Buyer Grants?[/caption] One of the biggest challenges that comes of selling a home is getting a ready, willing, and able buyer to actually submit a purchase offer.  Once a purchase offer is received, it's now time to review the purchase offer with your Realtor. One of the most frequently asked question from home sellers relates to the terms and conditions of a purchase offer.  More specifically, a common question is, "Should I Accept A Purchase Offer With Home Buyer Grants?"   The answer to this popular question is YES, you should accept a purchase offer that has home buyer grants, for many reasons.  There are many home buyer grants available to not only first time home buyers but also programs that are available to repeat home buyers. In this article, I will give several reasons why accepting a purchase offer with home buyer grants is a good idea as well as provide a recap on some of the most popular home buyer grants.  After reading this article, you will also agree that accepting a purchase offer with home buyer grants is a good idea! What Are Home Buyer Grants? There are many different home buyer grants and they can vary significantly from city to city, however, the concept of home buyer grants is the same.  A home buyer grant is some form of concession or credit given to a buyer to help offset the costs associated with buying a home.  Many home buyer grants have strict requirements, income limitations, as well as education requirements. Why Should I Accept A Purchase Offer With Home Buyer Grants? Home Buyer Grants Are Not Given To Everyone One of the most popular misconceptions about home buyer grants is that they are given to every single applicant.  This is actually a very common real estate myth about home buyer grants and quite the opposite in reality. When a potential buyer applies for a home buyer grant, they are asked for many of the same documents that they will be asked for when getting pre-approved for a mortgage.  Many home buyer grant programs require the applicant to provide proof of income through tax returns and proof of stable employment.  This is a great reason why accepting a purchase offer with a home buyer grant is good idea. Home Buyer Grants Allow The Buyer The Ability To Purchase A Home Since buying a home is not cheap, home buyer grants are becoming more and more popular.  Purchasing a $100,000 home, depending on the real estate taxes and the mortgage program, will cost a buyer between $8,000 - $12,000. Many home owners who are selling their home don't understand why they should accept a purchase offer with home buyer grants.  This is similar to home owners having a problem accepting an offer from a buyer who is in need of seller concessions. One of the most important reasons why it's a good idea to accept an offer with home buyer grants is because a home buyer grant gives a home buyer the ability to purchase a home.  Some sellers don't understand that a mortgage does not cover all of the closing expenses for a home buyer.  They neglect to remember that a home buyer is responsible for more than just a small down payment on a home. Home buyer grants allow a buyer who may not have all of the money required to buy a home actually buy a home. Home Buyer Grants Show Dedication From The Home Buyer [caption id="attachment_2831" align="aligncenter" width="450"]Home Buyer Grants & Programs Are Not For Weak Home Buyers Home Buyer Grants & Programs Are Not For Weak Home Buyers[/caption] Every home buyer grant has different requirements and minimum qualifications.  A good reason to accept an offer with home buyer grants is the fact that many home buyer grant programs require such strict requirements and qualifications. Many home buyer grants require a buyer to have extremely strong credit scores, in excess of 650-700!  A buyer who has a credit score of 700+ is normally a very dedicated and responsible person, which is a great reason to accept their offer even with a home buyer grant contingency. In addition to the fact that home buyer grant programs have such high requirements for credit scores, many of them also require education classes to be taken.  A home buyer that has been educated on the home buying process, has done their research on what tips and tricks they should follow when buying a home, and one who understands what to expect when buying a home is in most cases going to be much easier to deal with throughout the transaction. An Offer With Home Buyer Grants Is Better Than No Offer Finding a ready, willing, and able home buyer is not always the easiest task.  When selling a home, you need to understand that it doesn't always happen the first day on the market or even the first month.  There is no possible way to predict how long it will take a home to sell. "Something is better than nothing," this basic statement is yet another reason why accepting an offer with a home buyer grant contingency is a good idea.  Even though many home buyer grant programs may take a few extra weeks to close, having an offer from a buyer is better than not having anything. Remember when deciding whether you should take an offer with a home buyer grant contingency that if you have not received any other offers or have not been having showings at your home, you should strongly consider taking the offer even though there is a home buyer grant contingency. What Are The Most Popular & Common Home Buyer Grants? Below are some of the most popular home buyer grants that are available to home buyers nationwide as well as some popular Rochester, NY home buyer grant programs and incentives.  If you receive a purchase offer with a home buyer grant contingency, it's possible you may see one of the following home buyer grant programs. [caption id="attachment_2833" align="aligncenter" width="450"]The Most Common & Popular Home Buyer Grants & Programs The Most Common & Popular Home Buyer Grants & Programs[/caption] First Home Club The First Home Club is a program that is available in a few different states through several different lenders.  The First Home Club is established through Federal Home Loan Bank of NY (FHLBNY).  This club requires that a home buyer makes monthly deposits into a savings account with the end goal of accumulating roughly $1,900 within a 10-24 month period. Once a buyer is able to save the required amount of money, the Federal Home Loan Bank of NY will provide a buyer a grant to use towards their closing expenses.  The FHLBNY matches $4.00 to $1.00 up to $1,875, which equates out to a home buyer grant of $7,500 for the First Home Club member. This home buyer club is available to first time home buyers as well as persons who have not owned a home within the last 3 years, single parents, or displaced homemakers.  Since this program requires a minimum time involvement of 10 months, it can sometimes be a great option for those home buyers who are not in an immediate rush to purchase a home. Local Home Buyer Grants & Incentives

Home Purchase Assistance Program (HPAP)

One of the most popular Rochester, NY home buyer grant programs is the Home Purchase Assistance Program, also known as HPAP.  This program is governed by the City of Rochester and is available for home buyers purchasing a single family or two family home within the City of Rochester.

This program requires a minimum buyer contribution of $1,500 and provides a buyer up to $3,000 to use towards their down payment and closing costs.  This home buyer grant program, like many, require the home buyer to attend a pre-purchase education class as well a post purchase education class.  The HPAP grant also requires a very brief inspection by a City of Rochester inspector who is primarily looking to ensure the home has smoke detectors and carbon monoxide detectors in place, prior to closing.

This home buyer grant program requires the home buyer to stay in the home for 5 years, otherwise, the buyer maybe subject to paying a prorated amount back to the City of Rochester.  This program is a very popular program for those who are looking to purchase a home with little or no money down as it requires a very small contribution from the buyer.

SONYMA Programs & Grants

 Through the State of New York Mortgage Agency, also known as SONYMA, there are several home buyer grant programs and incentives for New York residents.  There are SONYMA programs available for low income earners, veteran home buyers, home buyers looking for a "fixer-upper," and also loans available to assist home buyers with the down payment.

SONYMA mortgage products are a great option for not only Rochester, NY home buyers, but also for other home buyers who reside in New York.

Final Thoughts When you set out to sell your home and finally receive a purchase offer on your home, remember, accepting an offer with a home buyer grant can be a good idea.  It's important that when interviewing prospective Realtors to sell your home, you ask them if they have experience dealing with home buyer grant programs.  The reason this is important is because more and more home buyers are needing the assistance from grants and incentive programs. A Realtor who has experience with dealing with home buyer grant programs should know what type of questions to ask the buyers agent or the buyer themselves.  Overall, home buyer grant programs are a great thing for the real estate market.  They allow home sellers like yourself to sell your home and allow home buyers the ability to purchase a home. Other Top Home Selling Resources If you're considering the sale of your Rochester, NY home, you must be aware that the probability of receiving a purchase offer with a home buyer grant contingency is possible.  Having a strong understand of why it's a good idea to accept a purchase offer with a home buyer grant is critical as well as understanding what the most common grant programs are.  If you have not chosen a Rochester, NY Realtor, contact me and I'd be happy to explain many of the most common home buyer grant programs in Rochester, NY.
Subscribe To Our Blog (it's FREE) & You'll Receive All The Top Real Estate Tips, Trends, News, and More in your e-mail inbox!:Delivered by FeedBurner
About the authors:  The above article "Should I Accept A Purchase Offer With Home Buyer Grants?" was provided by the Keith Hiscock Sold Team (Keith & Kyle Hiscock).  With over 30 years combined experience, if you’re thinking of selling or buying, we’d love to share our knowledge and expertise. We service the following Greater Rochester NY areas: Irondequoit, Webster, Penfield, Pittsford, Fairport, Brighton, Greece, Gates, Hilton, Brockport, Mendon, Henrietta, Perinton, Churchville, Scottsville, East Rochester, Rush, Honeoye Falls, Chili, and Victor NY. Visit our website at www.HiscockHomes.com.]]>