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first time buyer costa mesa: Take A Guide On Your Costa Mesa Real Estate Hunt! - 06/03/10 12:53 PM

Everyone is looking for a deal now-a-days and there are two apparently attractive options for buyers who are scoping out a deal.  One type is the "short sale," where sellers have made an agreement with their lender to sell the home for less than they still owe on the mortgage.  The second type is the REO (bank-owned) home, which has fallen back into the hands of the lender after the sellers defaulted.
While these properties may be appealingly priced, buyers need stomach and smarts to take proper advantage.  If you're considering a short sale purchase, focus only on those with … (0 comments)

first time buyer costa mesa: LITTLE STEPS UP TO THE LEAP! - 12/22/09 10:19 AM

As you've already read here, conditions are ripe to become a homeowner, and it's time to determine if you're ready to make the leap.  While the price of the home is the largest factor, don't forget about loan fees and closing costs, which add to your total financed amount. 
Since banks are stricter in their lending, Step One is to polish up your credit report.  A higher score gives you more power when it comes to negotiating terms and interest rates.
Similarly, a larger downpayment will positively affect your mortgage terms and reduce the amount you have to finance.  If … (0 comments)

first time buyer costa mesa: PAUSE FOR THE PAWS - 10/15/09 10:42 PM

With millions of dogs and cats as members of American families, there's a good chance that you've got pets sharing the home you're trying to sell.  Since not everyone enjoys the company of animals, there are some measures you should consider taking before prospective buyers come over for a showing.
Pet odors are the biggest problem sellers face, but they can be easily minimized with thorough cleaning and vacuuming, and vigilant duty with the litter boxes.  Black lights are available that help you to pinpoint the origin of any mysterious smells.  It also makes a good impression if you pick … (0 comments)

first time buyer costa mesa: Home Prices Buoyed by First-Time Buyers and Continued Tight Supply - 10/04/09 09:53 AM

Low prices, historically low mortgage rates, and tax credit incentives offered to first-time buyers, provided support to the California housing market to remain solid in the late summer.  Despite a decline of 5.1 percent from the prior month, the seasonally adjusted annualized sales of existing single-family homes in August exceeded 500,000 for the twelfth consecutive month, and increased 9.0 percent year over year to 526,970 from 483,400 in the same month of last year.  For the first eight months of the year, sales were 38.2 percent ahead of last year on a year-to-date basis. 
The August median price increased 2.6 … (0 comments)

first time buyer costa mesa: 2009 FIRST-TIME HOMEBUYER TAX CREDIT - 03/04/09 04:30 PM
  
Frequently Asked Questions
In 2008, Congress enacted a $7500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale. For 2009, Congress has increased the credit to $8000 and made several additional improvements. This revised $8000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009.
Tax Credits -- The Basics
•                        1. What's this new homebuyer tax incentive for 2009?
The 2008 $7500, repayable credit is increased to $8000 and the repayment … (0 comments)

 
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Larry Weichman

Costa Mesa, CA

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Weichman Realtors, A Trusted Name In Costa Mesa Real Estate

Address: 1525 Mesa Verde Drive East, Suite 111, Costa Mesa, CA, 92626

Office Phone: (714) 241-4532

Cell Phone: (714) 863-5739

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