September's Item of Value is a great jumping off point in getting you prepared for the future and protecting your estate. Please download and read this very important information, as it could save you thousands of dollars in the future!
Click here to download the Item of Value
Tuesday, September 21, 2010
Friday, September 10, 2010
State of the market!
Things are looking good in SD real estate!
After a bit of a false inflation of the market with all the tax credits (proven by what we saw reported in July with record low numbers for real estate sales) the sky wasn't falling the market was re-adjusting, we're back to normal, or at least whatever we can call normal right now!
Home prices have crept up a little in lower end of the market and are still falling at the high end. Interest rates, while seeing some fluctuations over the past few days, are still at all time low's!
If you can afford to sell it's a good time to look at making a step up, or (if you're qualified) start looking for that investment property! And buyers can still make some great deals!
Remember there are twice as many millionaires made in a down market as there are in an up one!
If you have any questions about what's going on in real estate feel free to contact me anytime, I'm here as your resource!
After a bit of a false inflation of the market with all the tax credits (proven by what we saw reported in July with record low numbers for real estate sales) the sky wasn't falling the market was re-adjusting, we're back to normal, or at least whatever we can call normal right now!
Home prices have crept up a little in lower end of the market and are still falling at the high end. Interest rates, while seeing some fluctuations over the past few days, are still at all time low's!
If you can afford to sell it's a good time to look at making a step up, or (if you're qualified) start looking for that investment property! And buyers can still make some great deals!
Remember there are twice as many millionaires made in a down market as there are in an up one!
If you have any questions about what's going on in real estate feel free to contact me anytime, I'm here as your resource!
Tuesday, August 31, 2010
Friday, August 27, 2010
Wednesday, July 28, 2010
Thursday, July 15, 2010
Monday, June 28, 2010
It Just Keeps Getting Better!!!!
Not only have interest rates continued to remain at an all time low, but today they have dropped again!!!!! 30 yr Fixed 4.375%!!!!!!
Tuesday, June 8, 2010
Friday, May 21, 2010
Tuesday, April 20, 2010
Tuesday, March 30, 2010
Times they are a changing!
Here is the next new thing coming down the mortgage pipeline!
This is a reminder that as of April 2nd, 2010 the UFMIP (or Mortgage Insurance Premium) for all FHA case numbers ordered on or after this date will be increased from 1.75% to 2.25%. This means the closing costs to purchase your home are increasing! If you intend to do an FHA loan in the immediate future, you must order your case number NOW!
If you need a referral to a reputable, reliable lender. Call me and I'll be happy to get you connected with someone I know who will take excellent care of you!
This is a reminder that as of April 2nd, 2010 the UFMIP (or Mortgage Insurance Premium) for all FHA case numbers ordered on or after this date will be increased from 1.75% to 2.25%. This means the closing costs to purchase your home are increasing! If you intend to do an FHA loan in the immediate future, you must order your case number NOW!
If you need a referral to a reputable, reliable lender. Call me and I'll be happy to get you connected with someone I know who will take excellent care of you!
Wednesday, March 24, 2010
California New $10,000 Tax Credit for 1st time Buyers
Homebuyer tax credits are almost certainly returning.
California buyers can begin claiming $10,000 tax credits starting May 1 under a bill expected to be signed soon by Gov. Arnold Schwarzenegger.
The legislation allocates $200 million for more state tax credits – twice what was offered last year to 10,659 buyers of new, unoccupied homes. The state's newest housing stimulus will grant $100 million in tax credits to first-time buyers of existing homes and $100 million to anyone who buys a new, unoccupied home.
The state Franchise Tax Board on Tuesday estimated nearly 32,000 homeowners statewide might get the tax breaks. Buyers must close escrow or reserve a credit on or after May 1 and before or on Dec. 31 to qualify.
The governor signaled his intent Monday while signing two other budget bills. In a signing message, he commended the Legislature for approving the tax credit bill, saying it will stimulate "the housing industry, creating jobs for thousands of Californians."
Schwarzenegger proposed the housing stimulus in his January State of the State Address to help revive the California economy. The new state tax credit would take effect one day after expiration of a federal $8,000 tax credit for first-time homebuyers.
As was the case last year, buyers won't be eligible for the full $10,000 credit if they owe the state less than that amount over a three-year period. Buyers can get up to $3,333 off their tax obligation in each of the three years after buying a house.
Buyers must be at least 18 years old and be unrelated to the seller. They must live in the home they buy. First-time buyers are defined as those who have not owned a home in the past three years
"The eligible taxpayer who closes escrow on a qualified principal residence between May 1, 2010 and December, 31, 2010, or who closes escrow on a qualified principal residence on and after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010, will be able to take the allowed tax credit.
This credit is equal to the lesser of 5 percent of the purchase price or $10,000, taken in equal installments over three consecutive years. Under AB 183 purchasers will be required to live in the home as their principal residence for at least two years or forfeit the credit (i.e. repay it to the state)." - Added exerpt from C.A.R.
This information was taken from:
Schwarzenegger expected to sign new $10,000 California homebuyer tax credit
By Jim Wasserman
jwasserman@sacbee.com
Published: Wednesday, Mar. 24, 2010 - 12:00 am Page 1B
Last Modified: Wednesday, Mar. 24, 2010 - 10:48 am
Read more:
http://http//www.sacbee.com/2010/03/24/2629239/schwarzenegger-expected-to-sign.html#ixzz0j7qfCh0M
California buyers can begin claiming $10,000 tax credits starting May 1 under a bill expected to be signed soon by Gov. Arnold Schwarzenegger.
The legislation allocates $200 million for more state tax credits – twice what was offered last year to 10,659 buyers of new, unoccupied homes. The state's newest housing stimulus will grant $100 million in tax credits to first-time buyers of existing homes and $100 million to anyone who buys a new, unoccupied home.
The state Franchise Tax Board on Tuesday estimated nearly 32,000 homeowners statewide might get the tax breaks. Buyers must close escrow or reserve a credit on or after May 1 and before or on Dec. 31 to qualify.
The governor signaled his intent Monday while signing two other budget bills. In a signing message, he commended the Legislature for approving the tax credit bill, saying it will stimulate "the housing industry, creating jobs for thousands of Californians."
Schwarzenegger proposed the housing stimulus in his January State of the State Address to help revive the California economy. The new state tax credit would take effect one day after expiration of a federal $8,000 tax credit for first-time homebuyers.
As was the case last year, buyers won't be eligible for the full $10,000 credit if they owe the state less than that amount over a three-year period. Buyers can get up to $3,333 off their tax obligation in each of the three years after buying a house.
Buyers must be at least 18 years old and be unrelated to the seller. They must live in the home they buy. First-time buyers are defined as those who have not owned a home in the past three years
"The eligible taxpayer who closes escrow on a qualified principal residence between May 1, 2010 and December, 31, 2010, or who closes escrow on a qualified principal residence on and after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010, will be able to take the allowed tax credit.
This credit is equal to the lesser of 5 percent of the purchase price or $10,000, taken in equal installments over three consecutive years. Under AB 183 purchasers will be required to live in the home as their principal residence for at least two years or forfeit the credit (i.e. repay it to the state)." - Added exerpt from C.A.R.
This information was taken from:
Schwarzenegger expected to sign new $10,000 California homebuyer tax credit
By Jim Wasserman
jwasserman@sacbee.com
Published: Wednesday, Mar. 24, 2010 - 12:00 am Page 1B
Last Modified: Wednesday, Mar. 24, 2010 - 10:48 am
Read more:
http://http//www.sacbee.com/2010/03/24/2629239/schwarzenegger-expected-to-sign.html#ixzz0j7qfCh0M
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