Informative Question Scenarios

First-Time Homebuyer Credit: Scenarios S1. If a single person (Taxpayer A) qualifies as a first-time homebuyer at the time he/she purchases a home with someone (Taxpayer B) that is not a first-time homebuyer and then later that year they marry each other, is the credit still allowed?A. Eligibility for the first-time homebuyer credit is determined [...]

Home Buyer Basics

Bringing the Dream of Homeownership Within Reach As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that: Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010. Expands the credit to [...]

Actor Nicolas Cage Gets Foreclosed On

Hollywood actor’s financial troubles continue as he loses two New Orleans homes worth $6.8 million in foreclosure auction. Everyone’s Human.. Even Academy Award winners are suffering from financial woes this recession. Actor Nicolas Cage lost two homes in New Orleans worth a total of $6.8 million in a foreclosure auction Thursday. Birmingham, Ala.-based Regions Bank [...]

Glendale Home Foreclosure Wave…NOT

I have heard buyer after buyer cite the coming tsunami of foreclosures as a good reason to hold off on buying a home. I’ve even said that the foreclosures are “out there”, though I thought they would show up in a loooooong steady stream. Out in the Twitterverse, however, I came across an interesting article [...]

San Diego Housing Prices Rise 14% Since March

Growing Home Sales Home sales and prices in San Diego increased from September to October, according to a joint report by local real estate firms The Berkland Group and Fidelity Pacific Real Estate. The overall average home price in October 2009 is 14% above the average price in March 2009, although prices are down 2% [...]

Just be Smart, One’s Enough to Help you with Your Needs..

Is It Wrong to Work With More Then One Realtor?       Home buyer: “ Is it wrong to work with more then one Realtor at the same time? I’m trying to follow proper home-buying etiquette. My friends tell me it’s O.k. as long as I keep track of which Realtor showed which property. [...]

Foreclosures & Shortsales “AS IS – WHERE IS” is no reason to skip the Final Walk-Thru

Check it, jot it down now or run the risk of being blamed later! With so many of the escrow transactions being foreclosed properties that are sold as is – where is – and if you the buyer is lucky there are some minimum repairs that the seller agreed to do. As agents we have [...]

The new exit strategy: A short sale

In Case Of Emergencies Well in this market, if you already haven’t you might be considering your situation as  an emergency. All the homeowners who are upside  down and can no longer make their mortgage payment (because of either a job loss, divorce, or an option ARM that’s resetting higher), up to now the only [...]

Do Realtor’s Tweet?

How Do You Stay Connected? Should Realtors Participate in the Social Media? Do you want to know if you should enter the social media space? Ask your clients and prospects. Send out a postcard in a farm mailing. Are they Tweeting? Are they uploading pictures in Flickr? Have they ever commented on a blog? Have [...]

Act Fast On These Great Deals+Discounts

Don’t Miss this Second Chance whats with all the rumbling you ask? – Well in California it may be an earthquake, but everywhere else theres alot of buzz going around this tax credit extension passed by congress. This is a great news and can give the first time home buyer up to $8000.00 back in [...]