It’s official:
The $8000 first time homebuyers income tax credit has been extended by Congress — and (hallelujah!) buyers who have owned their homes for at least five years may be eligible for a $6500 tax credit for move-up purchases. President Obama is expected to sign it into law in the next day or so.
Both buying groups must have signed a purchase agreement April 30, 2010 and closed escrow by June 30.
It appears the credits will be good on primary home purchases up to $800,0... Read Full Story
It’s official:
The $8000 first time homebuyers income tax credit has been extended by Congress — and (hallelujah!) buyers who have owned their homes for at least five years may be eligible for a $6500 tax credit for move-up purchases. President Obama is expected to sign it into law in the next day or so.
Both buying groups must have signed a purchase agreement April 30, 2010 and closed escrow by June 30.
It appears the credits will be good on primary home purchases up to $800,0... Read Full Story
Carlsbad, CA–Over the past decade, there has been a flurry of home remodeling in San Diego County–particularly in coastal areas, where building activity first blossomed. During the last ten years, tile and formica surfaces in kitchens and baths have been replaced with natural stone products, while stainless steel appliances dominate kitchens. Popcorn has been scraped from ceilings and energy efficient dual-paned windows are replacing their single-paned predecessors.
Now, the st... Read Full Story
Carlsbad, CA–This past year has been tough for both San Diego real estate sellers–and buyers–and both sides of the fence have had to wonder if they are being tricked or treated by market conditions.
On one hand, home sellers hear that we are in the toughest market for San Diego home sales in years. Prices have dropped off the cliff and these home sellers have heard of neighbors who finally took their home off the market after trying to sell for a year or more.
On the other ... Read Full Story
by Roberta Murphy
Carlsbad, CA–This past year has been tough for both San Diego real estate sellers–and buyers–and both sides of the fence have had to wonder if they are being tricked or treated by market conditions.
On one hand, home sellers hear that we are in the toughest market for San Diego home sales in years. Prices have dropped off the cliff and these home sellers have heard of neighbors who finally took their home off the market after trying to sell for a year or mo... Read Full Story
by Roberta Murphy
Carlsbad, CA–This past year has been tough for both San Diego real estate sellers–and buyers–and both sides of the fence have had to wonder if they are being tricked or treated by market conditions.
On one hand, home sellers hear that we are in the toughest market for San Diego home sales in years. Prices have dropped off the cliff and these home sellers have heard of neighbors who finally took their home off the market after trying to sell for a year or mo... Read Full Story
by Roberta Murphy
Carlsbad, CA–When considering the hard choices faced by distressed San Diego real estate owners, it’s not too difficult to recall what is called the Siberian Dilemma:
If you are stranded on a frozen lake in Siberia and fall through the ice, you have four minutes to live. If you crawl out of the hole into the frozen air, you have two minutes to live. Neither are good choices.
The frozen dilemma may seem out of place in sunny San Diego, but some make the mistake of... Read Full Story
by Roberta Murphy
Carlsbad, CA–When considering the hard choices faced by distressed San Diego real estate owners, it’s not too difficult to recall what is called the Siberian Dilemma:
If you are stranded on a frozen lake in Siberia and fall through the ice, you have four minutes to live. If you crawl out of the hole into the frozen air, you have two minutes to live. Neither are good choices.
The frozen dilemma may seem out of place in sunny San Diego, but some make the mistake of... Read Full Story
by Roberta Murphy
Carlsbad, CA–I’m not sure whether San Diego REO buyers should be rejoicing or rolling their eyes about Assembly Bill 957.
This new California law went into effect October 11, 2009 and prohibits an REO lender from requiring buyers to purchase escrow or title services from any particular company. And an REO lender who violates this law that applies only to residental property (up to four units) can be whacked for 3X the charges incurred by the buyer.
And if the sel... Read Full Story
by Roberta Murphy
Carlsbad, CA–I’m not sure whether San Diego REO buyers should be rejoicing or rolling their eyes about Assembly Bill 957.
This new California law went into effect October 11, 2009 and prohibits an REO lender from requiring buyers to purchase escrow or title services from any particular company. And an REO lender who violates this law that applies only to residental property (up to four units) can be whacked for 3X the charges incurred by the buyer.
And if the sel... Read Full Story
