Local Real Estate
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That depends. *Prices are down - way down. *Interest rates are low - real low. *So payments are lower than ever. *Banks are making 30-year fixed loans with no adjustments, no negative amortization, no "monkey business." So payments stay low. So is this the time to buy? That depends on whether you like to get a good deal, doesn't it?  There's STILL a first-time buyer credit! Up to $8,000 cash back from Uncle Sam. Not bad! The program has been extended. It now includes “closed” escrows by April 30, 2010, with 60 days further extension if an acceptance has been reached on the sale of ? and $225,000, respectively. It seems that they finally figured out that in some parts of the country, the previously set $75,000 maximum income was not enough of an income to even qualify for a loan on a median price home! To make sure that the program is more clearly focused for people’s residential needs and for it not to become an “investment” tool, the new law also has the following two – somewhat “liberal” – restrictions: First, the purchase price of the home is capped at $800,000 ; and Second, homebuyers must stay in their purchased properties as their primary residences, for a minimum of 3 years from the date of purchase (with the exception of the military families), otherwise some kind of a repayment of the tax credit will be required – details and other exceptions are unknown at this time. As before, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. That means the credit comes back to you fast! If you don't own a home - now's the time. And if you do - buy another! Whether you're buying, selling, or just looking around, we're here to meet your needs. |
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HOME SWEET HOME IN BURBANKPrice: $885,000* 4 bedroom 3 bath home
* 1,664 sq ft of living space on a 6,750 sq ft lot
* Double payne window, newer air conditioner and roof, open kitchen and family room with french doors.
* CHARMING 1 BED/1 BATH GUEST HOME IN THE REAR 800 SQ FT. -
VERY SPACIOUS HOME IN NORTH HOLLYWOODPrice: 425,000.00* 4 bedroom 2 bath
*Family room
*Living room with a cozy fire place
*Formal dinning room -
GREA OPORTUNITY IN GLASSELL PARKPrice: $449,000Border of Eagle Rock & Mt. Washington.
* 3 bedrooms 2 bath
* Sun Rom
* Huge recreation room with bathroom
* Beautiful views of the city
