For Buyers

Sep
22

$8000 Tax Credit :: Expires in 70 Days!

Posted In: First Time Home Buyers, For Buyers, General Real Estate News, Mortgage & Finance, Taxes
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Are you taking full advantage of the Goverment Stimulus Programs for Homeowners?  Did you know that the $8000 tax credit will expire in 70 days?  When you consider that the average transaction takes between 25 and 30 days that means you only have roughly 45 days to locate and get into contract on your house. Did you know that rates [...]
Jul
06

FHA Finalizes Anti-Flipping Rule

Posted In: For Buyers, For Sellers, Foreclosures & Short Sales, Mortgage & Finance
Real estate flippers got a new set of marching orders last week — at least those flippers who want to use FHA mortgage financing.The Federal Housing Administration issued long-awaited final regulations on property flips last Wednesday. The rules take effect nationwide July 7. Flipping involves resales of houses or other real estate shortly after acquisition, typically at a substantial price [...]
Jun
23

California Running Out of California New Home Tax Credit

Posted In: For Buyers, New Home Sales, Taxes
A boon for new homebuyers, scheduled to last through next March, will be out of money long before that. NEW YORK (CNNMoney.com) — Time is running out for California residents wanting to take advantage of a $10,000 tax credit. The state set aside $100 million to help home buyers purchasing newly built homes, hoping to jump start the moribund residential-construction [...]
Apr
03

Oakland under $100k

Posted In: First Time Home Buyers, For Buyers, Investing, Local Market Statistics, Oakland
In the past couple of days there has been lots of discussion with clients regarding a recent blog post of mine about multiple offers, as well as the article in the paper from last Sunday’s Chron (http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/03/29/MN3K16M9RT.DTL) .  It appears that if people aren’t running, they are confused. These discussions have prompted me to delve into Oakland’s inventory under $100k.  [...]
Feb
13

First Time Home Buyer Tax Credit Update

Posted In: First Time Home Buyers, For Buyers, Taxes
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As part of the new stimulous package the President is set to sign off on a first time home buyer tax credit on Monday.  Here is what is currently approved: The tax credit amount for first time homebuyers will be $8,000 for homes bought by August. (No longer the $15,000 tax credit for all primary residences as was originally proposed.) This is [...]
Feb
10

Bidding On Probate Sale Overbids

Posted In: Court and Auctions, For Buyers
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Ok, so you put in an offer on a probate sale, along with another buyer, but you didn’t get the house.  The other offer is now headed to court for overbid and confirmation.  You still want the house.  Can you get it? Know these facts: 1) Be sure a Notice of Sale was published by the Executor, the contents of which, [...]