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tax credit: Bank Owned, Fannie Mae properties get HomePath Incentives for buyers - 06/17/11 02:08 PM
This is a great program for buyers that was just rolled out for the summer.  Essentially, if a buyer is going to purchase a Fannie Mae HomePath house they can ask for up to 3.5% for their closing costs.  That helps them keep money in their pocket to spend on fixing the place up or holding onto for reserves in the future.  You can easily search for Fannie Mae houses at www.Homepath.com . Check out this article from Rismedia talking about the incentives.
Clear skies,
Doug Reynolds
www.BuyWithDoug.com

Fannie Mae Expands Incentives for HomePath Properties RISMEDIA, Thursday, June 16, 2011— Fannie Mae … (2 comments)

tax credit: California program offers rebates for making energy-efficient improvements - 03/11/11 12:32 PM
Needing to update that heater or worried your air conditioning is not going to turn on this summer?  Here's a great article from the Mercury News discussing a new California Program that is giving homeowners a rebate on preforming energy efficient improvements on their homes.  Give it a read, it very well could save you some money this year...
clear skies,
Doug Reynolds
www.SellWithDoug.com

California program offers rebates for making energy-efficient improvements By Dana Hull
A new statewide program launching Tuesday will give homeowners rebates worth up to $4,000 if they make significant energy-efficient improvements to their houses.
The $300 … (0 comments)

tax credit: How is the California Real Estate Market looking??? - 09/22/10 03:52 PM
Here's an article i recently came across from CNNMoney.com.  While i think, between now and spring 2011, prices in the Sacramento area will probably has a slight shift downward, i do feel the local market has stabilized to the point of small shifts and not large swings in prices.  I've been on record that between now and Spring is going to be a GREAT time for buyers because the inventory has gone up a bit, there are less buyers than the beginning of the year and the holiday/winter months usually means less buyer activity.  Fall/Winter 2010 is going to be a … (0 comments)

tax credit: (College Greens/Glenbrook,Rosemont) Sacramento 95826 Sales Date - August 2010 - 09/03/10 04:07 PM
All  "SOLDS"  data for the 95826:
18  Sold Single Family Homes.
Average Square footage: 1,472
Average Listing Price:  $173,472
Average Sales Price:  $166,300
Median Days on Market: 23 days
High Sales Price:  $275,000
Low Sales Price: $95,000
College Greens/Glenbrook "SOLDS":


8 Sold SFR's
Average Sq. feet:  1,560
Average List:   $196,100 
Average SOLD:$188,625 
Median DOM: 35 days
Rosemont "SOLDS":


10 Sold SFR's
Average Sq. feet:  1,402
Average List: $155,370 
Average SOLD:   $148,440 
Median DOM: 17 days
As of Today (September 3, 2010) here's a snapshot of both markets:
College Greens/Glenbrook: 40 Active listings, 16 Active Short Sale/Contingent, 18 Pending.
Rosemont: 36 Active listings, 64 Active Short Sale/Contingent, 31 Pending.
Doug's Take: August was very similar to July in the neighborhood.  There … (0 comments)

tax credit: The Sacramento "Double-Dip" is starting - 08/12/10 05:46 PM
Housing statistics for July 2010 were just released by the Sacramento Association of Realtors.  The "double-dip" that most economists have been talking about and predicting is starting to show up in the statistics.  Let's take a look at the numbers for July, then a current rundown of the market and prediction for the rest of the year and heading into 2011.
July 2010 Sacramento County Housing Statistics:

 There are 3 key statistics:
       Median Price: the median price of a home in July dropped 4.6% from $194,000 to $185,000. After five straight months of an increase.  Also, the median price … (2 comments)

tax credit: California first time buyer tax credit application deadline-August 15 - 08/12/10 03:28 PM
The Franchise Tax Board (FTB) recently announced it will accept applications for the California first-time home buyer tax credit through midnight on Sunday, Aug. 15, 2010.  The FTB believes it will have received more than enough applications to cover the $100 million allocated for eligible first-time home buyers.  The state did not want to be left with extra funds so they are collecting more than enough applications.  If you fax in your application by the 15th you'll meet the deadline but won't be guaranteed to receive a credit since mostlike enough applications were submitted before.  The FTB will continue to accept applications for the new-home … (0 comments)

tax credit: (College Greens/Glenbrook,Rosemont) Sacramento 95826 Sales Date - July 2010 - 08/03/10 10:41 PM
All  "SOLDS"  data for the 95826:
17  Sold Single Family Homes.
Average Square footage: 1,551 
Average Listing Price:  $195,153 
Average Sales Price:  $193,941 
Median Days on Market: 43 days
High Sales Price:  $291,000
Low Sales Price: $133,000 
College Greens/Glenbrook "SOLDS":


9 Sold SFR's
Average Sq. feet:  1,441 
Average List:   $218,706 
Average SOLD:$216,333 
Median DOM: 19 days
Rosemont "SOLDS":


8 Sold SFR's
Average Sq. feet:  1,675 
Average List: $168,656 
Average SOLD:   $168,750 
Median DOM: 63 days
As of Today (August 3, 2010) here's a snapshot of both markets:
College Greens/Glenbrook: 45 Active listings, 13 Active Short Sale/Contingent, 16 Pending.
Rosemont: 33 Active listings, 62 Active Short Sale/Contingent, 25 Pending.
Doug's Take: Buyer activity has slowed down since the expiration … (0 comments)

tax credit: July/August 2010 Sacramento Real Estate Market Video Update - 07/15/10 02:16 PM
Doug Reynolds, a Sacramento Realtor, provides an analysis of the local market. This month focusing on what signs to look for in the coming months to know where the market is headed. Also discussing short sales and his availability to help owners in need of a short sale. More information can be found at his website, www.BuyWithDoug.com, as well as his blog and Facebook page(Doug Reynolds Real Estate). … (0 comments)

tax credit: Saved by the Bell - 06/30/10 05:18 PM
On Tuesday, the House of Representatives voted to extend the deadline of closing escrow for those in contract to receive the homebuyer tax credit.  If you recall from earlier this year,  the First time home buyer tax credit required a buyer to have an accepted offer by April 30th and close escrow by June 30th.  Well, there is still a large number of buyers that are in escrow and have not closed yet.  Without this extension, those buyers would miss out on the up to $8,000 credit.  Now, those buyers have an extra 90 days to get the deal closed by … (0 comments)

tax credit: The California tax credit well is drying up... - 06/21/10 09:46 PM
In May, the California state credit went into effect. $200 million dollars were set aside for homebuyer tax credits. $100 million for "First time homebuyers" and $100 million for "New Construction homebuyers." Well, the first time homebuyer money is starting to get thin. The Franchise Tax Board released these figures on the money that's been reserved so far:
Applications for First-Time Buyer Credit received as of 06/15/10 The figures shown above are only estimates, based on small samples. The numbers are overstated as there will be duplicate, revised, and invalid applications included as we have not verified any of the applications. … (4 comments)

tax credit: June/July 2010 Sacramento Real Estate Market Update - 06/15/10 05:58 PM
Doug Reynolds, a Sacramento Realtor, provides an analysis of the local market. This month focusing on the higher proportion of Equity/Conventional sales and an update on the California homebuyer tax credit . More information can be found at his website, www.BuyWithDoug.com, as well as his blog and Facebook page(Doug Reynolds Real Estate). … (0 comments)

tax credit: (College Greens/Glenbrook, Rosemont) Sacramento 95826 Sales Data - May 2010 - 06/14/10 03:24 PM
All of the 95826:
40 Sold Single Family Homes.
Average Square footage: 1,427
Average Listing Price: $184,272
Average Sales Price: $181,076
Median Days on Market: 18 days
High Sales Price: $293,000 
Low Sales Price: $113,200 

College Greens/Glenbrook:

9 Sold SFR's
Average Sq. feet: 1,751 
Average List:  $230,767 
Average SOLD: $219,556 
Median DOM: 15 days
Rosemont:

31 Sold SFR's
Average Sq. feet: 1,333 
Average List: $170,774
Average SOLD:  $169,904 
Median DOM: 20 days
As of Today (June 14, 2010) here's a snapshot of both markets:
College Greens/Glenbrook: 31 Active listings, 14 Active Short Sale/Contingent, 5Pending.
Rosemont: 30 Active listings, 63 Active Short Sale/Contingent, 19 Pending.
Doug's Take: Well more sales and more listings continues … (0 comments)

tax credit: "Did you get the memo?" - 05/25/10 07:53 PM
Ok, it's not quite that but when i heard the recent update from the Franchise Tax Board about the California home buyer tax credit it reminded me of the many funny scenes from "Office Space."
The California Franchise Tax Board (FTB) recently released an update on the California home buyers' tax credit alerting borrowers to fax delays it is experiencing.  Due to the high volume of faxes, borrowers may experience delays or difficulties in connecting to the fax number during the FTB's normal business hours.  It may take several minutes or possibly up to an hour to connect and transmit the … (0 comments)

tax credit: Federal Tax Credit has expired but... - 05/14/10 02:58 PM
The expiration of the 2010 Home Buyer Tax Credits on April 30 is unlikely to put off Americans looking to purchase homes who believe now is a good time to buy and are confident that home prices will rise according to a survey released by Prudential Real Estate and Relocation Services, Inc., a Prudential Financial, Inc. company. The survey of 1,000 Americans between the ages of 25-64 with at least $35,000 household income was conducted during April 15-20, 2010.
More than 90% of consumers believe that the home buyer tax credits have helped both first-time home buyers and the U.S. housing … (2 comments)

tax credit: (College Greens/Glenbrook, Rosemont) Sacramento 95826 Sales Data - April 2010 - 05/13/10 03:24 PM
Here is the sales data information for closed sales in April 2010:
All of the 95826:
34 Sold Single Family Homes.
Average Square footage: 1,548
Average Listing Price: $ $209,354
Average Sales Price: $ 205,199
Median Days on Market: 23 days

College Greens/Glenbrook:

11 Sold SFR's
Average Sq. feet: 1,630
Average List: $ 247,427
Average SOLD: $ 241,636
Median DOM: 25 days
Rosemont:

22 Sold SFR's
Average Sq. feet: 1,516
Average List: $ 192,198
Median SOLD: $ 188,670
Median DOM: 20 days
As of Today (May 13, 2010) here's a snapshot of both markets:
College Greens/Glenbrook: 28 Active listings, 14 Active Short Sale/Contingent, 7 Pending.
Rosemont: … (0 comments)

tax credit: Sacramento County Housing Statistics for April 2010 - 05/12/10 04:38 PM
The market stats for Sacramento County were just released.  The median price trickled up this month from $182k to $185k.  Not a big jump but what we've been seeing over the past year, the median price bouncing around on an upward trend.  The inventory also increased slightly to 2.4 months, still considered a sellers market.  The current trends of homes selling with multiple offers for list price within a few days and the median price edging up should at least continue through the summer months are the tax credits are coming to a close.

clear skies,
_ doug reynolds
www.BuyWithDoug.com
… (0 comments)

tax credit: Sacramento Market still HOT for now... - 05/10/10 06:26 PM
As many of you know i've been blogging regularly about two particular topics: the end of the Federal Homebuyer Tax Credit (April 30th) and how the 250k and below price range has been extremely hot for the last year (seller's market, multiple offers in a few days, homes selling for over list price).  Well, the tax credit is definitely one factor with the lower priced homes being such a hot market.  First time buyers were seeing the bottom of the market, low interest rates and with the tax credit, just couldn't resist.
As the end of the tax credit was drawing … (0 comments)

tax credit: Only 4 days left to get an offer accepted... - 04/27/10 03:35 PM
Only 4 days remain to get an accepted offer.  In order to be eligible for the federal tax credit, among other guidelines, a buyer must have an accepted offer by the end of the month.  Here's a link to a good, quick little news clip about the tax credit coming to an end.  Today and tomorrow are the days to get out and write an offer if you're going to have a chance.http://abcnews.go.com/GMA/YourMoney/video/home-buyer-tax-credit-deadline-nears-10485405
clear skies,
_ doug reynolds

… (1 comments)

tax credit: April/May 2010 Sacramento Real Estate Market Video Update - 04/14/10 04:35 PM
Doug Reynolds, a Sacramento Realtor, provides a detailed analysis of the local market. This month focusing on the large spike in homes sold for the start of the spring buying season, the new California homebuyer tax credit and the details of the new HAFA/Short Sale program. More information can be found at his website, www.BuyWithDoug.com, as well as his blog and Facebook page( Doug Reynolds Real Estate).
clear skies,
_ doug reynolds
… (0 comments)

tax credit: Sacramento County Housing Statistics for March 2010 - 04/13/10 03:41 PM
  
A spring surge in sales signals fair weather market  
Sales increase dramatically month-to-month, median sales price also rises.  A 41.9% increase in sales marks the beginning of the spring sales season. Units sold in March totaled 1,640, a big jump from the 1,156 sales in February.  The distribution in types of home sales has shifted, with bank-owned properties making up 39.6% of all sales - down 6.4% from the previous month. Short sales properties increased 3.6%, accounting for 24.7% of all sales. Conventional sales also made 3.6% jump to 35.7% of all sales, largely a sign that homeowners appear more confident releasing … (0 comments)