tax credits

SOLD !! – $185,000 – 1421 Martin Street Chico, CA

Beautiful NEW home with an attractive price!
This is a new 3 br/2 bath project located in Chico, CA. The home features solar upgrades, upgraded “green”/energy efficient building materials, large family room, open kitchen… The home was designed and built by our construction company, Chain Enterprises.
It’s a great piece of Chico Real Estate

TAX CREDITS AVAILABLE! $2,500 for solar tax credits, $8,000 federal first time homebuyer oac., Possible Net Cost of $174,500!

Feel free to contact us with any questions.

tax credits

Chico homes for sale – Current Market Statistical Report September 2009

The following statistical information is representative of the real estate market of Chico homes for sale and certain urbanized areas immediately surrounding the City.

The Current inventory of Single Family Chico Homes For Sale is as follows:

PRESENT INVENTORY/STATUS

• 337 Active Residential Listings
• 175 Pending Sales
• 25 Sold
• 36 Short Sale Listings
• 5 REO listings
• 42 Short Sale /REO Listings

2009 YEAR TO DATE MARKET PERFORMANCE

• 574 Homes Sold Year to Date
• 1,009 Homes Listed Year to Date
• $279,317 Average Selling Price

Source: Paragon 4 MLS, September 30, 2009, Chico Homes For Sale

60 Days Remaining for capturing 1st Time Home Buyer $8,000 Tax Credit

This information is provided by your Realtor as an informational service in assisting Buyers and Sellers in Real Estate transactions, Chico Homes For Sale. This information is not presented as a substitute for the advice of your Tax or Legal Advisor

tax credits

$8,000 Tax Credit Timeline — Buy Now!

If you’re going to take advantage of the Federal Tax Credit for 1st Time Home Buyers for 2009, it’s time to establish some deadlines for your purchase. Let’s consider some time lines.

• The tax credit expires December 1, 2009 for closing escrow on your new home.

• Assuming escrow will take 30 to 45 days working backwards that gives you target dates of October 16th to the 31th to have your Purchase Agreement accepted by the Seller and open escrow. That leaves you 44 days conservatively and 58 days if you’re a risk taker.

Understand if you are working with REO’s or short sales and their extended times for Purchase Offer acceptance you need to take that into consideration as well. So lets establish some perspective and pace ourselves for success. If you’ve already been looking for a home for a month or two then you realize how time flies. If you are serious about home ownership and you want to use $8,000 of your Uncle Sam’s money then mark your calender, grab your Realtor and get going.

One more bit of extra advice: if you are being outbid and are targeting the absolute lowest priced homes in your area consider targeting homes that aren’t attracting quite so much attention. Joseph Kennedy said,” Only a fool waits for top dollar.” As buyers we want to be wise and realize there are some great deals out there and make sure we aren’t waiting so long that we miss the current opportunities for home ownership.

tax credits

Tips for Getting a Home Loan

We ran across this article about the current situation with lenders and the challenges of obtaining a home loan. The article gives a honest assesment of where the home lending situation is at, while giving great tips for meeting the tougher requirements. Let us know what you think, and please let us know how we can help you. We would love to see your goals realized.
Tips for Getting a Home Loan

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9 REASONS TO BUY IN 2009

Below we have listed our ‘9 REASONS 2009 IS THE SEASON TO BUY A NEW HOME’

1. SPECIAL TAX CREDITS:

   FIRST TIME HOME BUYER’S HAVE ACCESS UP TO $8000 FEDERAL TAX CREDIT (must close escrow before December1,2009- NO PAYBACK)
   NEW HOME BUYERS HAVE ACCESS TO UP TO $10,000. STATE TAX CREDIT
   (must purchase before 2010)
   TAX DEDUCTIONS: The interest paid on your mortgage is tax deductible.

2. PRICES ARE DOWN:

   EXPERTS REPORT PRICES ARE DOWN 41% STATE WIDE.
   This means your purchase will position you for appreciation as the market recovers. Many potential buyers are under the impression that the only bargains are Foreclosures, REO’S, but in fact we are marketing new homes that represent remarkable present market value and we would love the opportunity to share our products and programs for purchasing with you.

3. IT’S A BUYER’S MARKET:

   The wise investor’s adage is,” buy when others are selling and sell when others are buying”. It is hard to say how long the various positive factors that make this a Buyer’s Market will last. But we do know some of those advantages will expire in 9 months.

4. HISTORICALLY LOW INTEREST RATES:

   Rates are actually below those of 1971.

5. RISING RENTS:

   Due to recent events in the economy experts forecast a strong demand in the residential rental market for the next 10 years. It just makes good sense to Buy a Home when your payments are at or below what your paying for rent.

6. FAMILY WEALTH BUILDING:

   While there are numerous ways to invest, basically there are two choices regarding your personal housing. Either you will build your landlord’s wealth through renting or you will build your families’ wealth through home ownership.

7. REDUCED UTILTIES:

   The homes we build today are far more energy efficient than those we built even 3 or 4 years ago. The lower your utility bills are the more cash in your pocket each month. That’s the bottom line.

8. NEW HOME CONFIDENCE:

   Purchasing a new home takes the mystery regarding the condition of the home out of the process. REO’s and FORECLOSURE’s can be exempt from disclosures and inspections of condition. Especially if the Lender is in possession of the property since they aren’t in a position to know or verify the condition of the home. Of course the additional expenses related to any necessary repairs or deferred maintenance should be considered as well.

9. OPPORTUNITY / TIMING:

   This is one thing we have learned after four generations in the Building and Real Estate Industry. Basically we either recognize opportunity when it’s presented or we recognize when we have missed it. We understand each families financial picture is unique.

We are here to assist you.

We appreciate the opportunity to provide you with this home buying information. We want your business and we would appreciate hearing from you to discuss your plans, for BUYING, SELLING, DESIGNING AND BUILDING REAL ESTATE IN THE NORTH STATE.