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Rancho Penasquitos Remodeled 4 Bedroom Home For Sale

Welcome Home to Rancho Penasquitos!  This home has truly been redone from top to bottom.

Single Story Remodeled Home in SW Escondido

Welcome home to Lomas Serenas!  This popular neighborhood boasts 350 single family homes with average 1/2 acre lots.  Miles of hiking trails, tranquil mountain views and walking distance to Lake Hodges.

This Single Story home boasts over 2800 square feet, has been recently remodeled to include a New Kitchen with Granite Counter Tops, New Appliances and beautiful hardwood Cabinetry. Hardwood and Tile Floors.  Master Suite enjoys views of the Garden, Large Walk-in Closet and New Master Bath boasts Large Jetted Soaking Tub and separate Shower.  Exterior and Interior have been freshly Painted.  Spacious Secondary Bedrooms.

Home site is on 1/2 acre and includes lush Flower Gardens and Mature Trees.  Inviting Pool and a Gazebo covered Spa.  Expansive Covered Patios for all your outdoor entertaining.

Award Winning Schools, Close to Shopping and Freeway Access.  Low Homeowner Fees and No Mello Roos Tax.

Click Here To Watch The Video Tour!

Carmel Mountain Ranch 5 Bedrooms Panoramic View Home

Panoramic Views and Beautiful Sunsets from this 5 Bedroom 3.5 Bath Carmel Mountain Ranch Home. Over 3400 Square Foot Home, Built 2000, A Full Bed & Bath on 1st floor. Gourmet  Kitchen enjoys a Island Breakfast Bar, Large Pantry and loads of Cabinet and Counter Space.

Your own State of the art Media Room.  Loft has been custom designed for 3 computer Work Stations. .Master Suite boasts Fireplace, Private Balacony enjoys Cool Ocean Breezes, and Dual Sided Fireplace.   Master Bath area includes large soaking tub and loads of Closet Space.

Spacious  secondary Bedrooms. For all your outdoor entertaining the Backyard with Panoramic Views boasts an inviting Pool, Spa, Built-in BBQ and Fire Ring.  Cul de sac location and walking distance to elementary school.

Tax Credit Questions for San Diego Home Buyers

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 that provides information about the home buyer tax credit, www.FederalHousingTaxCredit.com, has received more than 8 million visits,” said NAHB Chairman Bob Jones, a builder and developer in Bloomfield Hills, Mich. “We are doing everything we can to make sure home buyers are informed about this outstanding opportunity to benefit from buying a home before it expires April 30.”

Some of the more commonly-asked questions, and the answers, include:

1. How does a home buyer claim the tax credit?

The credit is claimed when the home buyer files or amends their federal income taxes. For qualifying homes purchased in 2009 or 2010, the taxpayer must complete IRS Form 5405 and attach a copy of the settlement statement. In most cases, the settlement statement is a properly executed Form HUD-1.

In circumstances where a HUD-1 is not provided, such as purchasing a mobile home or a newly constructed home, the IRS will accept an executed retail sales contract (mobile homes) or a copy of the certificate of occupancy (new homes).

2. Does the home buyer have to sell their current home in order to qualify for the $6,500 repeat home buyer tax credit?
A home buyer does not need to sell their current home in order to be eligible for the repeat buyer credit. They can continue to own both homes, and rent or use their former home for something else, as long as it no longer serves as their principal residence. The taxpayer is required to use the new home as their principal residence, and live in it for at least 36 months, or they will have to repay the credit.

3. Do married couples both have to meet the eligibility requirements in order to claim the credit, even if they file taxes separately?

Both spouses must fully meet all the eligibility requirements for either the $8,000 first-time home buyer tax credit or the $6,500 repeat buyer tax credit, regardless of if they file joint or separate tax returns. However, if an unmarried couple purchases a home and only one person qualifies, the eligible person may claim the full credit.

4. Do all home purchases need to be completed by April 30, 2010, in order to be eligible for the credit?
There are two exceptions to the April 30 deadline. If the buyer enters into a binding contract by the deadline, they have until June 30, 2010, to complete the purchase. The deadline has been extended a year, to April 30, 2011, for members of the uniformed services, Foreign Service or employees of the intelligence community who have been on qualified extended duty outside the United States for at least 90 days between January 1, 2009, and April 30, 2010.

Top 5 Facts You need to Know about the Federal Home Buyer’s Tax Credit

 

Top 5 Facts You Need to Know about the Expanded Home Buyers Tax Credit On November 6, President Obama signed the Worker, Homeownership, and Business Assistance Act of 2009 into law, extending and expanding the important home buyer tax credit, and thereby providing many Americans with just the break they need to buy a first home or move up to a new home. One of the requirements for becoming a Member of the Top 5 in Real Estate Network® is to provide my community with critical real estate information so you can make the best possible decision when buying or selling a home. To that end, I wanted to pass along some key facts about the extended and expanded tax credit that are critical for you to understand in order to take advantage of this opportunity: 1. Eligibility: The tax credit is now available for first-time home buyers and eligible current homeowners. A first-time home buyer is an individual who has not owned a principal residence during the three-year period prior to the purchase. This law applies for both parties in a married couple; if you haven’t owned a home for three years, but your husband has, then neither one of you can qualify for the tax credit. A qualified current homeowner who wished to move to a different home, must have owned and resided in their residence for five consecutive years out of the last eight. 2. Salary requirements: Single taxpayers with incomes up to $125,000 and married couples with a joint income up to $225,000 qualify for the full tax credit. Single taxpayers who earn between $125,000 and $145,000, and married couples who earn between $225,000 and $245,000 are eligible to receive a partial credit. 3. Amount of credit: The maximum credit amount for first-time home buyers is $8,000; the maximum credit amount for current homeowners is $6,500. The federal tax credit amounts to 10% of the cost of the home, up to a maximum credit of $8,000 for first-time home buyers and $6,500 for current homeowners. Under the new legislation, a tax credit may only be issued for homes purchased for $800,000 or less. The tax credit is a true credit—it does not have to be repaid unless the homeowner sells or stops using the home as their principal residence within three years after the purchase. 4. It’s refundable: The tax credit is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if you owe no tax or the credit is more than the tax owed. The credit is claimed using Form 5405, which you file with your original or amended tax return. 5. Timeline. The credit is available for homes purchased on or after November 7, 2009 and before May 1, 2010. The federal income credit can be claimed on one’s individual or joint tax return for the purchase of any single-family home (newly-constructed or resale, single-family detached, townhomes or condominiums) between the dates of November 7, 2009 and April 30, 2010. Home purchases subject to a binding sales contract signed before May 1, 2010 will also qualify for the tax credit as long as closing occurs by June 30, 2010. For more information on the home buyer tax credit, e-mail me or visit www.irs.gov. Please forward this email to friends and family who may also be able to take advantage of this unique opportunity to purchase the home they’ve always wanted.

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