Land Park, East Sacramento
and Curtis Park Specialist

WHY IN THE WORLD ARE YOU NOT BUYING A HOME NOW????

WHY IN THE WORLD ARE YOU NOT BUYING A HOME NOW????

WHY IN THE WORLD ARE YOU NOT BUYING A HOME NOW????

If there was ever a real estate’s perfect storm in California, this is it! Here is the simple “down and dirty”:Be in contract by April 30th, 2010Close escrow between May 1st and June 30th, 2010You can get overlapping checks from the Federal government and from the State of California What do you get?Up to $6500 from our Federal government for existing home owner…a check…that’s it.Up to $8000 from our Federal government for new home buyer…a check…that’s it.Up to $10,000 from the State of California over 3 years…a credit towards your taxes…that’s it. The caveat?For the $8,000 Federal check, you must be a first time home buyer For the $6500 Federal check, you can be an existing home buyerFor the $10,000, you must have lived in your present home 5 out of the last 8 years. Now, as with all good things, don’t take this on face value…check with your CPA to be certain that you qualify before you commit. So, as I said, why in the world are you not buying a home...
A DAY LATE AND $10,000 SHORT IN CALIFORNIA HOME PURCHASES

A DAY LATE AND $10,000 SHORT IN CALIFORNIA HOME PURCHASES

California had a great program to promote new homes. First time home buyers could purchase a brand new home and receive a $10,000 credit from the state as an incentive to act now. It was a great opportunity to lower the overall cost of purchasing a home and gave a great reason to purchase now. The opportunity disappeared as of midnight last night. Those who had hoped to take advantage of this offer will no longer have such a great credit. That fence that so many buyers are sitting on is disintegrating fast. This credit is gone and as of December 1st, the $8,000 credit will be gone as well. In this economy, don’t look for an extension of these credits. Most will agree that interest rates are not going to vastly improve. With December approaching quickly and an escrow lasting a minimum of 45 days (in a normal sale…several months for short sales), buyers should leap off of that proverbial fence and act now!...