Cute 3 bedroom, 2 bath home with front porch, inside utility, cozy fireplace. Wood laminate in Living Room and Hallways recently installed. Tile in Kitchen and Entry. Newer homes in nice neighborhood!

Must see this Gorgeous 4BR/2BA on large lot in newer Kerman development! Nice open floor plan with separate living room and family room with fireplace. Built in surround sound and alarm. Immaculate front and back yard landscaping.

Beautifully Spacious Lennar in Newer Development! Built in Surround Sound, Large Kitchen w/Gas Range, Inside Utility Room w/Sink and Gas Dryer Hookup. Large Master Bath Has Oval Tub and Stall Shower. Don't miss this Gorgeous Newer Home in a Great Neighborhood!

As recently as a few months ago, if you would have told a real estate agent who specialized in short sales that they’d be raving about a lender’s stellar service and rapid approval times—not to mention significant cash incentives for financially strapped homeowners for pursuing a short sale—you’d have gotten some strange looks.

That’s all changed. And it’s changed faster and to a greater extent than most real estate professionals ever could have imagined.

With a glut of bank-owned properties dragging down the recovery of the real estate market, as well as the national economy, major lenders are more eager than ever before to avoid foreclosure. So they’ve sharpened their focus on short sales. Big time.

The biggest lenders in the country have staffed up to ensure rapid processing of short sale applications. They’ve ponied up with cash incentives at closing for homeowners who pursue a short sale. And they’re proactively reaching out to CDPE agents and putting them in touch with delinquent borrowers.

This is big news and the media has not really caught onto it yet. What’s important for you to know is that whatever you’ve read or heard in the past about long lag times and frustrations with short sales is probably no longer the case.

As a member of the CDPEAdvanced community, I’m tapped into major lenders and on top of major developments affecting short sales and bank-owned properties. I invite you to visit my website http://hosted.cdpe.com/142834 to learn more and feel free to call me any time at 559-355-7756 or email me at dtraymer@gmail.com if you or anyone you know is struggling with an unmanageable mortgage.

There may never have been a better time to buy a home in the Central Valley. Depending on
credit scores, mortgage loans are available for under 4%. Low rates combined with lower home
values make this the ideal time to purchase regardless of whether you’re a first time buyer
or have owned a home for many years. Your buying and borrowing power may be at historic
highs! I can put you in touch with a Guarantee Home Loans officer who can discuss your
personal options for purchase or refinance loans. Give me a call – I’ll be glad to help.

HOME VALUES STABILIZED

The median sales price for homes in the Central Valley has stabilized with very little variance
for the past year. I can provide you with details about recent home sale prices in your
neighborhood and help you determine the value of your property. If you’ve been thinking
of making a move, now is a great time to take advantage of low interest rates on your next
purchase. Give me a call.
 

SHORT SALE ADVICE

If you know someone who thinks they owe more for their home than what it’s worth and is
having trouble making the payments, I can help them consider their options and negotiate with
their lender to get approval for a short sale. I can also assist them in determining if their home
qualifies under Home Affordable Foreclosure Alternatives (HAFA) guidelines. This could help
them receive up to $3000 for their moving expenses. Ask them to call me today to arrange for a
confidential discussion about their options. I’m here to help.

Panoramic Lakeview Lot overlooking Millerton Lake. Prime location next to county owned land. Unblockable view of Lake and River. Build your Dream home among Majestic Oak Trees and a large rock formation outside your back door. Near Table Mountain Casino and Brighton Crest Developement. Dont let this one get away!

The Basics: Extended Home Buyer Tax Credit 2009/2010

Bringing the Dream of Homeownership Within Reach

As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:

• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
• Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.

Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream.

Who Qualifies for the Extended Credit?

• First-time home buyers who purchase homes between November 7, 2009 and April 30, 2010.
• Current home owners purchasing a home between November 7, 2009 and April 30, 2010, who have used the home being sold or vacated as a principal residence for five consecutive years within the last eight.

To qualify as a “first-time home buyer” the purchaser or his/her spouse may not have owned a residence during the three years prior to the purchase.

Which Properties Are Eligible?

The Extended Home Buyer Tax Credit may be applied to primary residences, including: single-family homes, condos, townhomes, and co-ops.

How Much Is Available?

The maximum allowable credit for first-time home buyers is $8,000.

The maximum allowable credit for current homeowners is $6,500.

How is a Buyer's Credit Amount Determined?

Each home buyer’s tax credit is determined by tow additional factors:

1. The price of the home.
2. The buyer's income.

Price

Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for $800,000 or less.

Buyer Income

Under the Extended Home Buyer Tax Credit, which is effective on November 7, 2009,  single buyers with incomes up to $125,000 and married couples with incomes up to $225,000—may receive the maximum tax credit.

If the Buyer(s)’ Income Exceeds These Limits, Can He/She Still Get a Credit?

Yes, some buyers may still be eligible for the credit.

The credit decreases for buyers who earn between $125,000 and $145,000 for single buyers and between $225,000 and $245,000 for home buyers filing jointly. The amount of the tax credit decreases as his/her income approaches the maximum limit. Home buyers earning more than the maximum qualifying income—over $145,000 for singles and over $245,000 for couples are not eligible for the credit.

Can a Buyer Still Qualify If He/She Closes After April 30, 2010?

Under the Extended Home Buyer Tax Credit, as long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.

Will the Tax Credit Need to Be Repaid?

No. The buyer does not need to repay the tax credit, if he/she occupies the home for three years or more. However, if the property is sold during this three-year period, the full amount credit will be recouped on the sale.

SPECTACULAR NEW CONSTRUCTION! All the luxuries you'd expect in a home of this caliber. Gourmet kitchen features 4 ovens, commercial grade gas stove w/griddle, compactor, 2 sinks, 2 disposals & all granite countertops w/washed stone backsplashes. A butler pantry complete w/wine fridge is just off the formal dining rm. The grand entry features travertine flooring w/designer medallion 23 ft ceilings & 10 in crown molding. Exquisite curved stairway w/cherry wood railing. Glass French doors lead to the master suite that has an awesome crown molding capped rotunda entryway. 2 closets featuring organizers, granite-topped built-ins & hampers. The travertine shower has double showerheads, granite seat & glass block. The jetted tub is granite surrounded & has an outdoor view. The entire suite has its own temperature zone for total energy efficiency. There are 6 zones w/3 more possible. Great rm is ready for entertaining w/1 closet for tables & chairs & 1 for coats & purses. 4-car garage. 

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.