rancho bernardo real estate
Tax Credit Questions for San Diego Home Buyers
April 3, 2010 by dianeteti · Leave a Comment
Top 4 Questions Home Buyers Have About the Tax Credit
San Diego home buyers are active as the April 15 deadline to file 2009 federal tax returns approaches, the National Association of Home Builders (NAHB) is providing answers to some of the questions home buyers are most frequently asking about the home buyer tax credit.
“NAHB’s website [...]
Is Buying a Foreclosure Really a Bargain?
March 8, 2010 by dianeteti · Leave a Comment
In today’s tumultuous economy, it’s no surprise that there are foreclosure properties to be found in just about every community across America—even ours. While a terrible hardship for homeowners to endure, foreclosures can present a unique opportunity for first-time home buyers and investors looking to purchase a “bargain-priced home” with the potential for building instant equity.
As experienced real estate professionals, we want to advise you to tread carefully when it comes to foreclosures—they might not be quite the bargain you expect. Here are some important facts you need to know before venturing out into the foreclosure market:
- Homeowners faced with foreclosure are understandably stressed and resentful, which can often lead to neglecting routine maintenance on a home. Sometimes, even deliberate damage is done. Assessing the home’s condition, therefore, is a must.
- Foreclosure properties have often been vacant for an extended period of time. Look for problems caused by damp conditions, such as mold.
- Get a thorough home inspection before bidding on the property. Once the damage/disrepair of the home is assessed, factor this in when bidding on the home.
- Contact a real estate professional—like me, a Member of the Top 5 in Real Estate Network®—who is well steeped in the community and can provide information about pre-foreclosure properties, that is, homes that have been scheduled for foreclosure but have not yet gone to auction or been sold off. These homes need to be sold quickly as owners are trying to avoid foreclosure and its impact on their credit.
- Last but not least, go to www.hud.gov for information on how to buy homes acquired by the U.S Department of Housing and Urban Development as a result of foreclosure action on an FHA-insured mortgage. The site also has information on special programs and opportunities for
Rancho Bernardo, Popular Westwood Community
February 19, 2010 by dianeteti · Leave a Comment
4 Bedroom Home plus spacious Bonus room. 2.5 Baths, over 2400 Square Feet, 2 Car Garage, Some new energy efficient windows, Newer Stainless Appliances, Fresh Paint, and French Doors. Secondary Bedrooms enjoy private Balcony. Mature Landscape includes stacked stoned entry. Corner lot with some Mountain Views. Backyard is private, includes built-in BBQ and a large [...]
