February 4th, 2010 at 1:05 am
The local government is giving up to $65,000 for you to buy a bank-owned home (foreclosure)???
There is a new program available in many areas of California, and Redding, CA and Shasta County are no exceptions. This program, called the Community Foreclosure Homebuyer Assistance Program (otherwise known as C4-HAP or C4HAP) provides funding for homebuyers who need assistance with purchasing foreclosed homes in designated neighborhoods throughout the County of Shasta and the cities of Anderson, Shasta Lake and Redding.
There are a few key points to the program that include:
- The program is based off a waiting list
- It is only available for a limited time
- There will not be additional funding after June 30, 2010
- You must be income eligible
- You must qualify for a home loan
To search for bank-owned homes that are in the areas that this program is offered CLICK HERE!
Contact us today at 530.227.0345 for more information on the program and to find out how to get put on the waiting list!
Clint Cronic, Broker & Mindy Cronic, MBA, Owners
Next Generation Real Estate Services
942 Merchant Street Redding, CA 96002
530.227.0345 or contactus@sellingredding.com
DRE License #’s 01314114, 01458166
http://www.sellingredding.com
http://www.reddingblogs.com
All rules of this program are subject to change and all information about this program is deemed reliable but not guaranteed. All homes in search may not “qualify” for the C4-HAP program, the home has to qualify by meeting certain criteria and appraisal requirements in addition to the buyer qualifying.
For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
February 3rd, 2010 at 7:05 pm
This Week’s Redding Real Estate Update:
Active Listings: 1,311 (from 1,324 last week and 1,294 two weeks ago)
Pending Listings: 406 (from 393 last week and 406 two weeks ago)
Escrows Closed So Far This Month: 9
Escrows Closed So Far This Year: 124
Total # of Homes that closed escrow during 2009: 2,047
December 2009: 185
November 2009: 170
October 2009: 216
September 2009: 213
August 2009: 174
July 2009: 181
Latest Statewide Data From C.A.R.! So how does our current market compare to the “height” of the market for our area? The California Association of Realtors (CAR) released information in late December that depicts the height of the market in many areas of the state and then compares that to the November 2009 statistics to show the percentage of decrease that has happened since the height in our market. For Northern California (above Sacramento) the height of our market was in August of 2005 with a median peak price of $440,420. With November 2009’s median price of $268,700, the percentage of decline our local market has seen since its peak is approximately 39%. To see the graph of all areas of the state Click here!
REO/REPO Property Search!
Today’s market has many bank-owned properties available in our area. Click here to view all homes that are owned by the bank and available through the Shasta MLS Database!
SHORT SALE Property Search!
Short sales are another element of our current market. Click here to view all homes that are listed as “short sales” through the Shasta MLS Database!
Don’t know where to begin or what the difference is between traditional sales, REO’s and Short Sales? We’d be happy to help educate you before you begin your search so you understand your options! Don’t forget to call if you would like additional information about any of these homes or would like to preview some…we’re here to help!
Clint Cronic, Broker & Mindy Cronic, MBA, Owners
Next Generation Real Estate Services
942 Merchant Street Redding, CA 96002
530.227.0345
www.SellingRedding.com
www.ReddingBlogs.com
DRE License #’s 01314114, 01458166
For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
February 2nd, 2010 at 12:05 am
The $6,500 Move-Up / Repeat Home Buyer Tax Credit at a Glance
- To be eligible to claim the tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.
- The tax credit does not have to be repaid unless the home is sold or ceases to be used as the buyer’s principal residence within three years after the initial purchase.
- The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $6,500.
- The tax credit applies only to homes priced at $800,000 or less.
- The credit is available for homes purchased after November 6, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, the home purchase qualifies provided it is completed by June 30, 2010.
- Single taxpayers with incomes up to $125,000 and married couples with incomes up to $225,000 qualify for the full tax credit.
Clint and Mindy Cronic, Next Generation Real Estate Services
942 Merchant Street, Redding, CA 96002
Phone: 530.227.0345 Email: contactus@sellingredding.com
Web: www.sellingredding.com Blog: www.reddingblogs.com/reddingrealestate
CA DRE License #s 01314114, 01458166
For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
January 31st, 2010 at 9:05 pm
So…you’ve completed a purchase of property and are ready to get your $8,000 tax credit from the Federal Government. Before filing your return electronically to the IRS so you can get that money quickly…you may want to keep reading.
The IRS website states that you must file a paper return, not electronic, due to the increased number of “compliance checks” by the IRS. The entire story can be read here at the IRS website and remember…you should always get the advise of your tax accountant or attorney when you are looking for advise relating to your personal real estate finances as your situation is entirely unique to you! We just wanted to share this information to you in case it helps someone from misfiling the first time and having to wait even longer for their credit!
Clint and Mindy Cronic, Next Generation Real Estate Services
942 Merchant Street, Redding, CA 96002
Phone: 530.227.0345 Email: contactus@sellingredding.com
Web: www.sellingredding.com Blog: www.reddingblogs.com/reddingrealestate
CA DRE License #s 01314114, 01458166
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For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
January 31st, 2010 at 9:05 pm
Riverfront Playhouse Presents
“Murder Me, Murder Me Not”
_______________________________________
Written by Bill Springer, Directed by Maria Spencer-Drake
January 23 – February 20, 2010
Don’t miss this frothy concoction by Bill Springer where no one is who he or she seems. As the play begins, Randolph Gaston has been murdered, and everybody is after the insurance money (including the deceased). The characters we meet are: Geraldine Gaston, who, we are told is recently widowed; Alice, who has been working as the Gastons’ maid; Father Bently, who claims to be the new Irish priest at St. Matthew’s; Ambrose Brinks, who arrives to see the widow; Mary Ellen, the overly helpful neighbor of the Gastons; and Fenwick Feydeau, who claims
he’s (a) French and (b) an inspector from the late Mr. Gaston’s insurance company. BUT everyone isn’t necessarily who they seem to be. A series of double (and double-double) crosses, mistaken
identities, fake accents, a mysterious murder (the dead person is neither dead not the person we think), hidden bodies and phony mustaches–it all adds up to a completely intriguing comedy.
Ticket Prices:
Opening/Closing Night: $20
Evening/Matinee Performances: $15
Tickets available at the door or in advance at:
Graphic Emporium
1525 Pine Street
Redding, CA 96001
For reservations by phone - (530) 241-4278
For more information call The Riverfront Playhouse at (530) 221-1028 or visit us on the web at www.riverfrontplayhouse.net
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For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
January 26th, 2010 at 10:05 am
Shasta County Real Estate Statistics:
- Available residential listings: 1,324 (from 1,294 last week and 1,316 two weeks ago)
- Homes in escrow: 393 (from 406 last week and 379 two weeks ago)
- Homes closed escrow so far in 2010: 91
- Homes closed escrow during 2009: 2060
All information provided by Clint Cronic, Broker Associate and Mindy Cronic, MBA of Next Generation Real Estate Services in Redding, California. For more information on the local market whether buying or selling visit www.sellingredding.com or www.reddingblogs.com/reddingrealestate or contact 530.227.0345 7 days per week or via email at contactus@sellingredding.com CA DRE license # 01314114 & 01458166.
Join the forum discussion on this post - (1) Posts
For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
January 25th, 2010 at 2:05 am
Shasta (Northwest Redding - Redding, California, US)
Details
Shows like a model home! Seller is out of country and just wants this sold!Fantastic home with open living room and view of western mountain range, gorgeous kitchen with granite counters,pantry,spacious dining area, formal dining room, beautiful gas fireplace in living room, tile in all bathrooms, large laundry. Views also from master bedroom! A complete, beautiful package priced to sell quickly…
For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
January 25th, 2010 at 12:05 am
Shasta (Northeast Redding - Redding, California, US)
Details
Incredible home with extensive detail & architecture thruout! Massive great room w/woodburning fireplace,built in bookshelf/entertainment center,chef’s delight kitchen with gorgeous marble countertops,double refrigs,huge walk-in pantry,25 x 25 bonus/rec room with pvt.bathroom,plus upstairs suite w/ mini-kitchen & sitting area.Beautiful backyard, covered patio overlooks Koi pond. Very Impressive! Advertised and Brokered by Next Generation Real Estate Services CA DRE License # 01314114.
For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
January 19th, 2010 at 6:05 pm
Shasta (Northeast Redding - Redding, California, US)
Details
Located in Redding, California, this commercial building has it all and is situated on a large 5-acre parcel with great views including Mt. Lassen! Office space features 3,500 square feet with 5 executive offices (some with views), large conference room with wet bar, storage room, 3 baths (two half baths and one with shower), kitchen, breakroom and oversized reception area. Built-in pecan and cherry cabinetry, whole house fan, two air conditioning units and built-in reception desk in lobby.
3,500 square foot garage attached to office space has large 14-foot roll-up door and attached 1,750 overhang that could be enclosed easily to increase garage size. Property has a 65 gallon-per-minute well, security system and is completely fenced to protect your equipment. Fenced yard behind building is all usable and has enough space for many purposes. Front entrance has 2 driveways that each lead to a gate on each side of the building for easy maneuvering of large trucks, trailers or other equipment.
For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
January 16th, 2010 at 4:05 pm
Latest Statewide Data From C.A.R.!
So how does our current market compare to the “height” of the market for our area? The California Association of Realtors (CAR) released information in late December that depicts the height of the market in many areas of the state and then compares that to the November 2009 statistics to show the percentage of decrease that has happened since the height in our market. For Northern California (above Sacramento) the height of our market was in August of 2005 with a median peak price of $440,420. With November 2009’s median price of $268,700, the percentage of decline our local market has seen since its peak is approximately 39%. To see the graph of all areas of the state Click here!
REO/REPO Property Search!
Today’s market has many bank-owned properties available in our area. Click here to view all homes that are owned by the bank and available through the Shasta MLS Database!
SHORT SALE Property Search!
Short sales are another element of our current market. Click here to view all homes that are listed as “short sales” through the Shasta MLS Database!
Don’t know where to begin or what the difference is between traditional sales, REO’s and Short Sales? We’d be happy to help educate you before you begin your search so you understand your options! Don’t forget to call if you would like additional information about any of these homes or would like to preview some…we’re here to help!
Clint and Mindy Cronic at Next Generation Real Estate Services
DRE License #’s 01314114, 01458166
Phone: 530.227.0345 Email: contactus@sellingredding.com
Web: www.sellingredding.com Blog: www.reddingblogs.com/reddingrealestate
For more Redding information click here to visit our main Redding Blog, www.ReddingBlogs.com for everything Redding!
