Housing Affordability Fund Mortgage Protection Program
First Time Home Buyers, Redding Real Estate, Shasta County Real Estate
June 24th, 2009
The California Association of Realtors is offering a mortgage protection program for qualified first time home buyers. First time buyers who loose their job because of layoffs may be eligible to receive up to $1500 a month for 6 months to help make their mortgage payments. This might help first time buyers deal with the “what ifs” that cause them to have doubts about entering the housing market at this time. Read about the program at C.A.R.s web site by clicking here.
As always I am here to answer any questions you may have about the real estate market in Redding, Shasta County, or just in general.
Lauri Gibson
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First Time Home Buyers
Northern California Real Estate, Redding Real Estate, Shasta County Real Estate, Unique Properties
May 15th, 2009
There’s no time like the present
Ok all of you 20 & 30 somethings that have never owned a home–what are you waiting for? The Redding housing market never did sky rocket as much as some of the So Cal areas, but none the less it priced most first time buyers out of the market. During the peak of the real estate market here in Redding you couldn’t touch a livable home for under $200,000. That’s not the case anymore. Here’s just one example of what you can find if you are keeping your eye on the local market. Click here.
Intrest rates are amazing , there is a first time home buyer tax credit from the IRS–up to $8000, as of today there are 354 houses for sale between $125,000 & $200,000 in Shasta County. I repeat–What are you waiting for??
Visit my web site and search for yourself, NorCalVoice, or send me an email and I will set up a search for you lgibson@repgmac.com
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HOMEOWNERSHIP TRUMPS RENTING ONCE AGAIN!
Uncategorized
February 3rd, 2009
Significant drops in home prices and interest rates have made home ownership attractive compared to renting once again. This has not been the case for the past 7 years or so due to a run up in home prices. Now that prices have dropped nearly 50% from the peak, and interest rates falling to historically low levels, mortgage payments are in line with rental rates.
In Redding, the median price has dropped to $190,000 according to a recent article in the Record Searchlight. Assuming a buyer can tender a 20% downpayment to avoid mortgage insurance and secure the lowest interest rate for a 30-year fixed rate mortgage, the monthly payment will be $816. Add $200/month for property taxes and homeowners insurance for a total PITI payment of $1,016. This home would rent for about $1100/month.
Factor in tax advantages of home ownership and owning has a distinct financial advantage over renting. The homeowner will have about $7,600/year in mortgage interest deduction and $2000 in property tax deductions for a total of $9,600. Assuming a buyer is in the 28% tax bracket, and has income to write these deductions off, the buyer will save about $225/month in federal income taxes. I have not figured the additional tax benefits of state income tax deductions for this analysis. This means the net monthly housing expense is just under $800/month. Clearly, owning beats the heck out of renting in today’s housing market!
530-224-6767 or 530-941-7492
BRAD GARBUTT
REALTOR/BROKER ASSOCIATE
REAL ESTATE PROFESSIONALS GMAC
QUARTER CENTURY LOCA REAL ESTATE EXPERIENCE
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Redding Real Estate ~ New Homes GMAC ~ Ochoa & Shehan Homes!
Uncategorized
January 31st, 2009
I have to say I truly love Ochoa & Shehan Homes. I’ll be holding Clover Creek Open this Sunday from 1-4 pm. Come buy and see me, you will not be disappointed. The beauty and distinctive design of an Ochoa & Shehan home is beyond description and requires one to have the experience!
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I am Jeanean Gendron, your Redding and Shasta County New Home Specialist. I can be reached at 530 276-7417. I answer my phone. View our new blog site for New Homes GMAC. View the following active listings for Ochoa & Shehan new homes: Clover Creek Estates ~ Bel Air Estates ~ Stillwater Ranch ~ Summerfield Meadows Estates ~ Crown Meadows Estates.
All Active SHORT SALE Listings
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Redding and Shasta County Real Estate Resource
How Much Is My Home Worth ~ Search all Homes in Shasta County ~ Dream Home Finder
Search for Schools in Redding and Shasta County
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Deferred Maintenance and a Buyers’ Market!
Redding Real Estate, Staging
October 15th, 2008
Part 2 in a series on How to sell your house in a buyers’ Market.
As we continue our discussion on getting your house sold in today’s market let’s talk about the condition of your house. If you’re like most of us you have a long list of things around the house that you want to get to when you have time. It’s called deferred maintenance. If you want to sell in this market NOW is the time to get to that list. Read the rest of this entry »
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Getting Your House Sold in a Todays’ Market
Redding Real Estate, Staging
August 20th, 2008
Part 1 in a series on How to sell your house in a buyers’ Market.
OK, so you want to sell your home and everything you read or hear in the media tells you it’s a buyers market. So what do you do, wait? If you wait what will happen to the price of the home you want to buy when you sell your house? This definitely isn’t the same frenzied market of a few years ago, but homes are still selling, and in increasing numbers according to the latest statistics. Which ones are selling and why? Well, their is more than one answer to that question. Read the rest of this entry »
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Our Customer Satisfaction Rating, based on an independent survey, exceeds 97%. This is reflected in our 2008 "QUIE" Award recognizing the TOP 10 REAL ESTATE COMPANIES in NORTH AMERICA! REP/GMAC in #2.
