What’s Selling in Moonridge?
Homes Sold In Moonridge 1/11
Price | Address | Bd | Baths | SF Apx Ttl | Sold Price | Sold Date |
117,500 | 42594 LA PLACIDA | 2 | 1 | 435 | 115,000 | 1/19/11 |
126,900 | 723 ELM | 1 | 1 | 663 | 87,150 | 1/3/11 |
189,900 | 42708 COUGAR | 2 | 2 | 1224 | 205,200 | 1/7/11 |
219,000 | 43544 RIDGECREST DRIVE | 3 | 1.5 | 1144 | 200,000 | 1/27/11 |
349,900 | 1584 WOLF ROAD | 3 | 2 | 1976 | 315,000 | 1/12/11 |
369,000 | 42816 MONTEREY | 3 | 2 | 1514 | 345,000 | 1/7/11 |
499,900 | 1498 KLAMATH | 4 | 3.5 | 2127 | 485,000 | 1/21/11 |
599,950 | 1680 WOLF | 4 | 3.5 | 2932 | 540,000 | 1/20/11 |
Current Pending Sales in Moonridge
Price | Address | Area | Bd | Baths | SF Apx Ttl |
119,000 | 42758 WILLOW | MOON | 1 | 1 | 436 |
120,000 | 723 ELM | MOON | 1 | 1 | 663 |
129,000 | 42758 COUGAR | MOON | 2 | 1 | 650 |
129,900 | 42588 PEREGRINE | MOON | 1 | 1 | 500 |
139,900 | 1056 CLUBVIEW | MOON | 2 | 1.5 | 870 |
159,900 | 778 SILVER TIP | MOON | 2 | 1 | 1080 |
179,000 | 42565 PEREGRINE AVE | MOON | 2 | 1 | 760 |
179,000 | 42778 WILLOW AVE | MOON | 2 | 2 | 1072 |
199,000 | 1301 BUFFALO | MOON | 3 | 2 | 1078 |
205,000 | 43132 MOONRIDGE | MOON | 2 | 2 | 1000 |
209,900 | 1106 TETON DRIVE | MOON | 2 | 1.5 | 1144 |
250,000 | 798 SILVER TIP | MOON | 5 | 3 | 2661 |
250,000 | 1591 TUOLUMNE ROAD | MOON | 3 | 3 | 1662 |
264,900 | 1556 COYOTE | MOON | 3 | 2 | 1560 |
295,000 | 667 VILLA GROVE | MOON | 3 | 2 | 1340 |
300,000 | 43613 COLUSA DRIVE | MOON | 4 | 2 | 1872 |
325,000 | 43230 SAND CANYON ROAD | MOON | 4 | 3 | 2319 |
325,000 | 1394 LA CRESCENTA DRIVE | MOON | 3 | 2 | 1536 |
439,900 | 596 LUCERNE | MOON | 3 | 3 | 1989 |
599,000 | 1563 ANGELS CAMP | MOON | 3 | 2.5 | 2500 |
795,000 | 1440 ROCKSPRAY COURT | MOON | 5 | 4.5 | 3542 |
1,399,000 | 43044 DOGWOOD | MOON | 4 | 4 | 3283 |
Current inventory of available homes in Moonridge is 124 units. If you are interested in a home in Moonridge, I can help you find the perfect match for you and your family. As a resident of Moonridge since 1990, I know the area as well as any Big Bear Realtor.
Steve Hirschler
Market Specialist, Inventory Expert,
Big Bear Real Estate Agent
Coldwell Banker
The Tim Wood Group
42153 Big Bear Blvd.
P.O. BOX 6820
Big Bear Lake, CA 92315
DRE#01703081
stevehirschler@gmail.com
909 866-3481 EXT. 217
CELL 909 725-5889
Fax 909 866-3531
New Listing / 875 B Lane, Big Bear City
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Steve Hirschler
Coldwell Banker DRE# 01703081
(909) 866-3481 stevehirschler@gmail.com http://www.stevesellsbigbear.com Listed by: ColdwelL Banker / The Tim Wood Group |
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CALIFORNIA’S TAX CREDIT MONIES MAY GO FAST
The $100 million allocated for California’s first-time homebuyer tax credits may be depleted in about 10 to 20 days or sooner, according to C.A.R.’s Economics team. California’s Franchise Tax Board (FTB) plans to begin accepting applications on May 1, 2010 for tax credits up to $10,000 for first-time homebuyers and for homes that have never been previously occupied. However, the total tax credit allocation for all taxpayers is $100 million for first-time homebuyers and $100 million for new homes, both on a first-come, first-served basis.
C.A.R.’s forecast of 10 to 20 days to deplete the $100 million allocation for first-time home buyers is based on estimated May sales figures and other parameters. It does not take into account the possibility that buyers scheduled to close escrow in April may delay closing until May to take advantage of the tax credit. If a shift in closings from April to May occurs, the first-time homebuyer tax credits may be depleted even more quickly than indicated above.
Applications for the California tax credit must be faxed to the FTB after escrow closes. The FTB will update its website when the 2010 application form and other information become available.
REALTORS® are reminded not to give their clients any tax or legal advice, such as the availability of funds under the California tax credit program. Agents should encourage their clients to seek specific advice from an accountant, attorney, or other professional as they deem appropriate.
For more information, please refer to C.A.R.’s Homebuyer Tax Credit Chart 2010 .
Information provided by “California Association of Realtors”
Are You Ready to Buy a Cabin in Big Bear?
Most buyer’s start their search online before they contact a realtor. This gives the buyer a feel for the market, but not always a true picture.
After you have done some research online, you should contact a lender to determine the current mortgage rates, what you will qualify for, and a price range that will produce a payment that is comfortable on you budget. Taking the time to get your prequalification with a lender will allow you to avoid looking at homes that out of your budget.
Most lenders currently require a minimum of 20% down payment for second homes, and it’s a good idea to offer 3% in good faith deposit. Closing costs are additional cash needed to buy, so be sure to inquire with your lender what these will be for your loan etc.
This is also a good time to select a local Realtor to represent you during the buying process. Selecting your agent is an important process. I would recommend reading blogs from agents that live and work in the Big Bear area to get a feel for the agent that will best represent your interests. It would also be a good idea to check the agent’s client endorsements and reviews. Once you select your agent, I recommend communicating your list of wants and needs so that they can best serve you.
Every buyer wants to get a great deal, but great deals aren’t going to last long. Be ready to act quickly once you see the home that fits your needs and is priced like a deal. Be prepared to compete with other buyers, and often these homes will sell at or above the listing price.
Don’t forget to bring your checkbook!
California Passes Home Buyer Tax Credit AB183
AB 183 will provide $200 million for home buyer tax credits, allocating $100 million for qualified first-time home buyers of existing homes and $100 million for purchasers of new, or previously unoccupied, homes. The eligible taxpayer who purchases a qualified personal residence on and after May 1, 2010, and on or before Dec. 31, 2010, or who purchases a qualified principal residence on and after Dec. 31, 2010, and before Aug. 1, 2011, pursuant to an enforceable contract executed on or before Dec. 31, 2010, will be able to take the allowed tax credit. The credit is equal to the lesser of 5 percent of the purchase price or $10,000, in equal installments over three consecutive years. Under AB 183, purchasers will be required to live in the home for at least two years or forfeit the credit (i.e., repay it to the state).
The positive impact of the federal home buyer tax credit is clear. Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered, according to C.A.R. research conducted last year.
The state’s previous home buyer tax credit program was so successful that it ran out of tax credits by the end of June 2009, eight months before it was set to expire and just as housing markets appeared to be turning a corner. Unlike last year’s legislation, AB 183 adds a tax credit for the purchase of an existing home by a first-time home buyer.
AB 183 will significantly contribute to the effort to stimulate jobs-creation within California’s housing market by helping to incentivize first-time home buyers to purchase homes that have been abandoned, foreclosed upon and returned to the lender, or have been sitting on the market for extended periods of time. It is these homes that will require substantial rehabilitation by the new owners, which will in turn generate a tremendous increase in jobs and accessory purchases connected to home improvement activities.
“Information provided by California Association of Realtors”
NONREFUNDABLE DEPOSIT DEEMED INVALID
Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®
An agreement for a “nonrefundable” escrow deposit is invalid and unenforceable, according to the recent California case of Kuish v. Smith (2010 WL 373225). This case serves as a good reminder for REALTORS® that inserting a “nonrefundable deposit” provision into a real property purchase contract may be legally ineffective.
The Kuish case involved a $620,000 escrow deposit for the purchase of a $14 million oceanfront home in Laguna Beach. Instead of using a liquidated damages provision, the buyer and sellers merely agreed in the purchase contract that the deposit would be “nonrefundable.” According to the trial court, both parties were “big boys,” meaning that they were “sophisticated business people [who] understood all the ramifications of their actions in freely negotiating to make the [deposit] non-refundable.”
The buyer eventually cancelled the agreement. The sellers refused to return the deposit to the buyer, even though they sold the property to someone else for $1 million more.
The buyer sued to recover the $620,000 deposit, and won on appeal. The court stated that “any provision by which money or property would be forfeited without regard to actual damage suffered would be an unenforceable penalty. To construe the term ‘nonrefundable’ to establish [the sellers’] entitlement to the full deposit without regard to actual damages would essentially create a liquidated damages provision.” Yet, the parties in this case did not separately sign or initial a liquidated damages provision.
Under C.A.R.’s Residential Purchase Agreement, the sellers would have been entitled to the escrow deposit (not to exceed three percent of the purchase price), if the parties initialed the liquidated damages provision, and the buyer had no contingencies or had removed all his contingencies. For more information about liquidated damages, C.A.R. has a legal article entitled Liquidated Damages and Deposit Forfeitures, which is available in English, Chinese, Korean, Spanish, and Vietnamese.
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