New Listing / 875 B Lane, Big Bear City

Big Bear Home  

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$109,900 Single Family Home Main Features 2 Bedrooms 1 Bathroom Interior: 1122 sqft Lot: 4,620 sqft Location 875 B Lane Big Bear City, CA 92314 USA

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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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If Your Going To Sell, I Wouldn’t Wait For The Market….

I was at this same meeting yesterday with Tyler. Even though this isn’t a positive message, I think it is important for sellers to hear. Thanks Tyler!

Something that I also heard from Leslie Appleton Young (Chief Economist for CAR) is that over 50% of the homes that sold in California last year had multiple offers. This is important to understand as a buyer, great deals are not found by only one buyer.

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”