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Real Estate Advice
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The Housing & Economic Recovery Act of 2008
Joyce and Rick Tietz
The Housing & Economic Recovery Act of 2008 signed this week Below are the highlights of just three changes I believe will impact our clients as they pursue their home purchasing process. These changes are:
First-Time Home Buyer (FTHB) Tax Credit: The maximum credit amount is $7,500. The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009. Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit. There are specific modifications to these limits, best to seek advise of a tax preparer.
F H A Modernization: Effective October 1, 2008 the minimum down payment will increase to 3.5%, up from 3.0% currently. Seller funded Down Payment Assistant Programs such as Nehemiah, HART and AmeriDream or funds from any other interested party to the transaction will be prohibited on all loans where final credit approval has not been established by September 30, 2008. Effective January 1...
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Recently Published
Real Estate Reports
Antioch, CA Market Conditions
Joyce and Rick Tietz
Antioch CA real estate remains abundant and more affordable than ever compared with other parts of the Bay Area. In the month of June 2008, the average sale price in Antioch CA was $284,784 compared to June 2007 average sale price of $449,023. WOW that's a difference of $194,239 drop in average sa...
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Harb's 91214 Market Watch for La Crescenta
Phyllis Harb
AS OF 7/24/2008
66 homes available ranging from $424,900 - $1,700,000, averaging 74 days on the market. MLS records indicate 13 of these homes are vacant.
AS OF 7/7/2008
67 homes available ranging from $275,000 - $1,700,000, averaging 68 days on the market. 16 of these listings are vacant.
...
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Home Staging - Worth every penny paid!
Phil Anderson
Good staging works. Still, it's a question of expenses vs. income.
Recently, I had a townhouse listing for almost 4 months... (average time on the market here is 6 months). It was in an upscale area of NW Portland (Forest Heights)... reasonably priced, vacant, easy to show...yada, yada...fresh...
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How Realtors Are Compensated
Phyllis Harb
When you call a Realtor or brokerage regarding any home and make an appointment to see a home, the Realtor showing it to you expects (hopes) to be paid if you purchase that home. Realtors work solely on commission, which they receive only when they complete a transaction for you. Real Estate commi...
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Need down payment to purchase home?
Nancy Gaines
The City of Moreno Valley has down payment of 20%for first time buyers you must use their approved Lenders,and you must QUALIFY WITH THEIR GUIDELINES .propertyforyou@live.com nancy,nh properties,REALTOR
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loan advice
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St AUGUSTINE REAL ESTATE MARKET REPORT
Sharon Stevens
St Augustine Florida activity has been up! Since April there has been a marked increase in contracts written and properties sold. There is still a huge inventory of homes to work through, so do no expect prices to go up any time soon. I predict that prices will be stabilizing and sometime in 2009 w...
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Burbank, CA Real Estate Market Report, June, 2008
Keith Sorem
Burbank, like other local markets, is seeing a very busy spring selling season. Buyers may be waiting on the sidelines, however there is a lot to think about, not just dream about.
Market Index
In most markets the last peak was in May and June of 2007. Burbanks market index in May of 2008 re...
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Harb's Montrose Market Watch
Phyllis Harb
AS OF 7/7/2008
9 homes averaging 126 days on the market, priced from $450,000 - $799,000.
AS OF 6/17/2008
8 homes on the market averaging 110 days on the market; priced from $499,000 - $799,000. 4 of the homes are located on the same street: Waltonia
AS OF 4/17/2008
7 homes on the market a...
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Veterans
Nancy Gaines
CalVet Home Loans The best loan value. Purchase money loansfor 5.25% Up to $521,250. Loans funded in 30 days or less.Most veterans qualify even if they have had a VA or CalVet loan in the past.
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loan advice
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Crystal Beach Cottages Summer Review
Linda Coiro
An intimate community nestled in the heart of Destin, Crystal Beach Cottages offers the best of both worlds. Whether you are looking for a vacation rental or a permanent residence, you will feel right at home here in this cozy, beachy neighborhood. Crystal Beach Cottages is just a short stroll fro...
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