San Diego Mortgage Banks and Loans Info
Up to a $10,000 Tax Credit for California NEW HOME Buyers
May 2nd, 2009 categories: Legislative, Local San Diego News You Can Use, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Relocation
The Governor signed into law a senate bill that provides New Home Buyers with a tax credit when they purchase New Construction as a primary residence in California.
Between March 1, 2009 and March 1, 2010, New Home Buyers can earn a tax credit up to $10,000 on a qualified personal residence. The qualified property an be a single family home or an attached property. There is 100 million in tax credit available so it will be available on the next two years on a first come, first serve basis.
The qualifying rules are as follows:
The Buyer must occupy the New Home for at least 2 consecutive years after the purchase.
The Seller of the new home must certify within one week of the sale that the New Home has never been lived in. Read the rest of this entry »
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Are Reverse Mortgages Your Golden Egg ?
May 2nd, 2009 categories: Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Real Estate News, San Diego Relocation
With our economic system in a tailspin, for the older generation hit the hardest by declining fortunes coupled with the rise of unemployment, property values and retirement investments,there may be yet another way for them to tap into the greater amount of their home equity in these hard times.
For home owners that are age 62 or older and have a good amount of equity, Reverse Mortgages may be their Golden Egg that helps them through the tough times and ensures they can stay in their homes.
While there are scores of Reverse Mortgage offerings out there from private companies and even some state and local government types, the federally insured Home Equity Conversion Mortgage might be a good place to start in the discovery of the costs and requirements to see if the idea of a Reverse Mortgage is your Golden Egg.
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Spring Fresh with It’s New Promises
April 14th, 2009 categories: Buying San Diego Real Estate, Local San Diego News You Can Use, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, William's Life in San Diego Musings
On March 21st of each year, Spring officially begins on our calendar. In Nature, the cycle for Spring begins when the Morning Dove seeks a place with her mate for life to lay her eggs. But Spring is not just a time for new, there is work to be done. They fly around looking for the essentials to take to their special place and they begin to build. They labor and build the nest re-enforcing with twigs and grasses for mother and dad to begin their process. They never loose sight of their goal to bring forth new into the world. They guard and team effort to be sure that their new lives they together brought forth have every chance for survival they can give them.
Spring brings a new vitality and a richness in the day for our new beginnings. The seedlings struggle and push their way through the earth to catch the glimmer and the light of the new sun, transferring that energy into rapid growth that will bear the fruits and the flowers.
We begin those tasks that will bring about another new year of change. As the plants and birds and other animals know, it is not a time of just passiveness. Before babies are born and the flowers and fruit mature to their full beauty, a life producing energy of work has to take place. Read the rest of this entry »
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Advice For The Home Buyers: Begin with the End Picture In Mind
March 3rd, 2009 categories: Buying San Diego Real Estate, Investing in San Diego Real Estate, Local San Diego News You Can Use, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, Selling San Diego Real Estate
I think all too often, Buyers and Sellers are most often disappointed when they have no clear end picture in mind. What I mean by this is that unless you know what you want and have considered your options carefully and realistically , how do know that what you are seeking is going to lead to the correct or desired conclusion.
I have had buyers tell me that they would like a 3 bedroom home with 2 car garage, it has to have at least 2 full baths and big yard. And when I ask where in San Diego they would like for me to look for that home, I get a rather large area of numerous communities that they want to consider based on some criteria of which they seem not very clear. What this tells me is that the Buyer has yet to put their desired home in the context of an actual place where such a home might exist. In particular, the budgets that are often relayed as fixed also have not correlation to the locations discussed. Read the rest of this entry »
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San Diego – Recent Rainfall Does Not Relieve Need for Conservation.
December 2nd, 2008 categories: Local San Diego News You Can Use, Market and Forecast Updates For San Diego, San Diego Mortgage Banks and Loans Info, San Diego Real Estate, San Diego Real Estate News
San Diego Water Supply
Finally San Diego got some rain. Over 2 inches of it in most places last week. But don’t let this lull you into thinking that the need for water conservation has somehow ended. It hasn’t.
The reservoirs are very low, there are going to be cutbacks in the supply of water we purchase, the water rates are going up again and we will not be able to fill the need for water.
So what does all this mean to you the consumer here in San Diego? It spells the greater possibility of M-A-D-A-T-O-R-Y water restrictions.
For a lot of years running, San Diego, in fact all of California’s population has been exploding. Developments of every sort are filling up the land. People have been migrating in large numbers to California. Meanwhile, we have not added one sustainable drop of water to the supply. Read the rest of this entry »
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