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Buying or Selling a Home/First Time Buyer -- again?
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Question
In 2003, I bought a townhouse as a first time buyer in the State of Maryland. For personal reasons, I ended up selling the property almost exactly one year later, in 2004. I moved to NYC and have been renting since the move. I am slowly getting things in order to buy.
My question is, knowing that legal definitions can be different than "real life" definitions, did I destroy my "first time buyer" status with that one year of ownership, or is it a state-by-state definition?
Thanks.
Hi Jennifer,
Thank you for your great question.
The first time buyer program is a Federal program under Fanniemae.
If you have excellent credit you can get a very good interest rate anyway.
Good luck with your purchase. If you need help in Westchester County look me up!
Hans
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Answers by Expert:
- Dick Dennis
- Jessica Bryan
- liznarr
- Hans Weber, Licensed Broker Associate
- Sue Bernstein
- Karyn Foley
- Dottie Worthington
- Jim Root
- Russel Ray
- Connie Wildasinn-Broker,GRI,RealtorŪ
- Todd C. Menard
- Diann Tonnesen
- John Hendricks
- Jay Denit
- Matt Heisler
- Lisa Webber
- John
- Laurie Stephenson
- Marvin G. Bobbitt, III
- Nori J. Muster
- Sharon Huneycutt, Realtor, Associate Broker, GRI, e-PRO
- CJ Brasiel
- Jeff Kessler
- Kathryn Hisert
- Emily
- Ted Lewis
- Kerrin Kostelic, FL Broker Associate, GRI, AHWD
- Tim Norris
Hans Weber, Licensed Broker Associate
Expertise
I am able to answer questions related to buying or selling residential real estate in New York. There are many questions buyers and sellers have about the process of buying or selling a home that they are afraid to ask or that might seem too simple to ask. For instance: in a house, why do some doors open in and some doors open out?
Experience
Licensed real estate agent in New York State in 1988.
Serving buyers and sellers as a full time occupation since 1988 with over 300 successful residential real estate transactions.
Organizations
National Association of Realtors.
Westchester County Board of Realtors.
Education/Credentials
Graduate of Pace University in 1988 majoring in business and minors in taxation and computer science.
Awards and Honors
Consistently one of top sales awarding winning agents for Coldwell Banker in Westchester County.
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