Archive for the 'Real Estate News' Category
$10,000 California New Home Tax Credit
March 11th, 2009 categories: New Homes Roseville, Real Estate News
Everyday it seems like buying a home gets better and better. Now California is throwing in an extra $10,000 to buyers who purchase a new home after March 1st 2009. This is an incredible incentive to buyers in this market! Before the credits were tied to being a first time home-buyer, and meeting certain income requirements. Not now…this current credit applies to any new home buyer planning to use this new home as their principal residence for at least two years. There are minimal requirements to receive this credit. There are a few key things to know about the credit:
1) It does not have to be paid back.
2) It will be paid to the tax payer over three years. $3333.33 each year.
3) It must be your principal residence for at least two years.
4) The money is not unlimited. There is $100,000,000 allocated for this credit. It will run out. You can see how much money is left by visiting:
http://www2.ftb.ca.gov/individuals/New_Home_Credit.shtml#def2
If you are planning on purchasing a new home call us asap to take advantage of all the incentives out there for buyers. This state credit is in addition to the many unbelievable credits the builders are offering as well. We would love to share with you how to find the best deals on new homes.
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Get Paid To Purchase! How First Time Home Buyers Are Cashing In.
January 20th, 2009 categories: Real Estate News
Not only are first time home buyers cashing in on buying at such low prices but they are borrowing money at historically low rates. If that wasn’t enough to make you want to jump into this buyers market with both feet than a federal tax credit of $7500 should get you moving.
This tax credit like all good things is available for a limited time. You must buy your first home before July 1st, 2009.
With many of our clients getting into houses with mortgage payments less than they are paying for rent, I can’t think of why anyone would pass up this opportunity to own a home. If you are interested in finding out if home-ownership is a possibility for you give us a call asap. We can help you through the whole process from qualification to closing. We love making home-ownership a reality for our clients.
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Forclosure Statistics East Roseville
May 20th, 2008 categories: Forclosures, Real Estate News
East Roseville is one of Placer County’s most desirable places to reside. With proximity to hospitals, freeways, shopping, great schools, and some of the areas best hot spots, (Crush 29, Hawk, Paul Martin, & Mikuni), it seems to be the place to be. So I know you are asking….
Katie are there good foreclosure deals in East Roseville? The answer is YES! Although not hit as hard as some of the other surrounding newer areas there are still definitely deals to be had. Let’s take a look at the stats.
12 Active Bank Owned Properties Average List Price $301,867
15 Pending Bank Owned Properties Average Price $325,180
31 Sold Bank Owned Homes Since 1/01/08 Average Price $337,923
Home are selling for an average of 97.16% of asking price.
This presents a great opportunity to buy a home at an impressively affordable price. Sparky and I specialize in the Roseville market, and would love to provide you with more valuable area information. If you are considering a purchase, call us with any questions. 916-628-4598 or 916-628-8086
*Statistics were gathered from local area MLS
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FHA Loans Are Back And Ready To Play Ball
March 26th, 2008 categories: Real Estate News
FHA loans are off the bench and are back in the home loan game.In recent years FHA loans took the bench while conventional loans had the field of buyers. Up until now I haven’t had a buyer go for an FHA loan in 5 years. Now most of my buyers are going for an FHA loans for a couple of reasons.
#1 The conforming loan rate increase. As part of the president’s stimulus package the conforming loan limit for the Greater Sacramento Area changed from $417,000 to $580,000. What does this mean? It means that you can finance $580,000 with out having to get a jumbo loan. Jumbo loans, especially in recent months have had much higher interest rates. This increase is only good until December 31st, 2008.
#2 Lower down payment requirements. Most conventional loans at this time require at least a 10% down payment to purchase, while FHA requires a smaller 3% down payment. Less cash to close makes the FHA loan appeal to more buyers.
1 Thing to know about qualifying for an FHA loan:
You need to have a satisfactory payment history for 12 months. This is one of their requirements, so it is advisable to get all of your ducks in a row with qualification before going out home shopping. With all of the financing changes in the market it is critical to know what your options are before go out looking. As always having a professional in your corner can insure that your home buying experience is a home run and not a strike out. If you are starting your home buying process give us a call. We would be happy to sit down with you, and discuss your options. 916-628-4598 or 916-628-8086
For more information on FHA loans go to WWW.FHA.COM
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Luxury Estate Living in Loomis
March 11th, 2008 categories: Real Estate News
Sierra De Montserrat is a brand new custom home community in Loomis.
This community is unlike any other; offering 62 custom home-sites on 320 acres of natural landscape and vineyards. Driving down Barton Rd. toward Indian Creek Golf Course you will see the entry on your right hand side. I poked my head in there the other day to see what was going on, and I went straight home to tell Sparky we are moving!
I love the concept Westwood Homes has designed here. Luxurious estates paired with the natural magnificence already provided by mother nature, and enhanced by the vineyards. The lots range in size from 4.6 acres to 6.3 acres. You can build your own custom home or have Westwood build you one of their estate homes ranging from 4,424 sq ft to 6,785 sq. ft. They have four different floor-plans to choose from inspired by Spanish and Italian architecture.
The appeal for me is the 200 acres that are conservation easements. The majestic oak trees, wetlands, and vineyards give this community a rustic natural feel. You feel like you are out in the countryside, but only minutes from everything you could ever need or want. The best part is that when I went out and picked up a price sheet, the lots are starting at $335,750.
If you want to see more info about this community you can go to www.SierraDeMontserrat.com or you can give us a call @ 916-628-4598.
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