Just Listed in Tierrasanta! Beautiful culdesac home in Tierrasanta-4 bedrooms, 2.5 baths, 2104 square feet. $579,000. Check out the online brochure for this home. Let me know if you'd like to schedule a time to see it.
Property Tax Reassessment-May 30th Deadline Apply to have your San Diego County property reassessed and lower your taxes. The tax assessor is reviewing applications for reassessment. Fill out the application and indicate your opinion of your home's value, along with area sales to support the value. If you need supporting sales information please contact me and I'll email them to you. You can apply for the reassessment yourself. Be careful of the tax reassessment scams that have started surfacing.
Market Information and Statistics The San Diego Association of Realtors publishes sales statistics for homes throughout the County. Check out the most recent statistics. See also Market Updates and MLS trends for several areas of Southern California.
Although it's too early to say the market has bottomed out, there are some indicators that prices may be stabilizing. The median price for existing, single-family homes rose 2.2 percent in March in California, according to the California Association of Realtors (CAR). March marked the first month since August 2007 that the state's median sales price rose in month-to-month comparisons. According to the CAR sales and price report, the median price of existing, single-family homes stood at $253,040 in March. Sales in California have risen in recent months, with existing, single-family home sales increasing 63.8 percent in March. Read the full story.
Foreclosure Prevention Plan Additional efforts to stem foreclosures have started by offering lenders and homeowners incentives to cut payments on second mortgages, write down balances on first mortgages that are underwater, and repay loans in a timely fashion. The U.S. Treasury Dept. wants lenders and their customer-service agents to agree to modify both first and second mortgages as part of a comprehensive solution.
Details of the foreclosure prevention plan include:
-Decreasing second-mortgage interest rates to as low as 1 percent for five years for some borrowers.
-Reviving a Federal Housing Administration effort to persuade lenders to reduce loan balances so that borrowers again have equity in their homes
-Funding for the program will come from a previously authorized $50 billion allocation from the $700-billion Treasury Dept. rescue fund established by Congress last year.
-The plan would provide cash incentives to both loan officers and borrowers for successful second-mortgage modifications. A loan officer would receive $500 upfront, plus $250 annually for up to three years as long as the loan remains current. Borrowers who make payments on time will receive $250 a year for up to five years. Read the full story.
Postage Goes up to 44 cents on May 11
Yes, another postage increase. Although not necessarily good news, especially since I use the postal service often, I'd still rather pay 44 cents to the post office to get my letter to New York (or even get it across town) than having to get it there myself.
First Time Home Buyers
$8,000 First Time Home Buyer Tax Credit Get all the details about the $8,000 first-time home buyer tax credit, including IRS filing guidelines and answers to frequently asked questions.
CAR Mortgage Protection Program California's Housing Affordability Fund launched a program designed to help first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss (and being unable to meet their mortgage payment). To qualify for the program, applicants must 1) Be a first-time home buyer (someone who hasn't owned a home in the last 3 years); 2) Open escrow on a California property April 2, 2009, or later, and close on or before December 31, 2009; 3) Use a California Realtor in the transaction, who submits the application; 4) Be a W-2 employee (not self-employed).
For Frequently Asked Question, Click Here.
For a copy of the Application, Click Here.
Events and Information
Get SDHome Magazine free online. SDHome Magazine, published by the Union-Tribune, is now available online for free. Check it out-you "turn" pages online. It takes a little to get used to but it's great that it is now online.
May events in San Diego. See many of the events that are taking place around San Diego County in May. The San Diego Air & Space Museum is holding "A Day Without Air, Just Space!" festival on May 9th from 10:00 am - 2:00 pm. Check out all the details for this fun event. (Thanks Brent B for letting me know and inviting me!)
May Cybertips. Here are some fun websites and resources on the web.
And finally, I received the 2009 San Diego Magazine's Best in Client Satisfaction Award (nope, I didn't nominate myself or have to pay anything to get it. ;-) ).
See the anouncement here (Page 3).
See the video announcement here.
Thank you to everyone for your business and referrals. If I can ever answer questions or provide information please let me know!
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