April 2009

Who is Selling?

Wednesday, April 8th, 2009 at 2:09am. 314 Views, 0 Comments.

There are different types of Sellers in this San Diego Real Estate market and here is a quick blog about them. 

Traditional Seller - Seller isn’t in distress and no Lender Approval.  Just a regular sale like what everyone is use to seeing 2 or 3 years ago.

Short Sale Seller - Currently trying to negotiate with his/her Lender to sell the home at the current market value even though the Loan Balance is higher.  This Short Sale process is long and you will need a lot of patience.  Everything including Purchase Price and Repairs are subject to Lender’s Approval.  Basically the Lender has the final say on how much the home will sell for, not the Seller.  My Buying Short Sale Blog

Bank Owned Seller - The Bank took over…

$10,000 Tax Credit for New Home Purchase

Wednesday, April 1st, 2009 at 3:07am. 281 Views, 0 Comments.

By now you should know about the $8,000 First Time Home Buyer Tax Credit but did you know you can get an additional $10,000 Tax Credit if you purchase a Brand New Home!  That's right, you can get up to $18,000 in Tax Credit.  Well actually I think the $10,000 Tax Credit will be credited over 3 years which will still may still add up to $18,000.  To learn more about the $10,000 tax credit, here is a link:

http://www.ftb.ca.gov/individuals/New_Home_Credit.shtml

By the way, the $10,000 Tax Credit for a New Home Purchase is for only Califonia.  So if you are interested in taking advantage of these credits and ready to buy your new home, please email me or give me a call at 858-349-2390.  Thanks.