President Barak Obama signed into law H.R. 1, The American Recovery and Reinvestment Act of 2009. As part of the new law, first time home buyers will be provided up to an $8,000 tax credit. The credit will be available to those home purchasers that close escrow on a home between January 1, 2009 and December 1, 2009.
This is a true credit, refundable to those taxpayers that have less than $8,000 in tax liability. That means the IRS will give you $8,000 to help pay your taxes in 2009, for buying a home in 2009. If you owe the IRS $9,000 for your 2009 taxes, you will only have to send them $1,000. If you owe the IRS $2,000 for your 2009 taxes, the IRS will send you $6,000, if you buy a home in 2009. What a great deal! Here are some restrictions that home buyers should be aware of:
1. The credit can not be used as part of your down payment and you still have to qualify for a loan.
2. There are income limitations for the purchasers, $75,000 for an individual or $150,000 for a couple. Partial credits may be available if you exceed the maximum income limits.
3. The Tax credit is for 10% of the home´s value, up to $8,000. And, it may be used to buy a new, resale or foreclosed home.
4. You must be a first time home buyer. By definition, this means you (and your spouse, if buying jointly) must not have been a home owner for the past 3 years.
There are other provisions in the American Recovery and Investment Act of 2009 that home buyers might want to be aware of:
1. The new law extends the higher Fannie Mae and Freddie Mac conforming loan rates from 2008 thru December 31, 2009.\
2. Extends tax credits for energy efficiency home improvements.
3. Provides a "patch" for the Alternative Minimum Tax rules for 2009.
More information will become available. In the meantime, good luck and good shopping for that new home!
- Bonnie has become a DOWN PAYMENT ASSISTANT SPECIALIST through the Pacific West Association of REALTORS. If you are looking for help with special financing programs or think you can't afford a home, think again!...If it's available to help you, we will help you find it.
PUTTING DIFFICULT TRANSACTIONS TOGETHER TODAY TAKES FAR MORE CREATIVITY, INGENUITY, EXPERIENCE, AND TENACIOUSNESS THAN WE HAVE EVER SEEN IN THIS INDUSTRY! WITH ALL OF THE CRAZINESS THAT WE ARE FACING ON A DAILY BASIS, IT'S IMPORTANT TO BE WORKING WITH EXPERIENCED REALTORS® WHO ARE TIRELESS IN SERVING YOUR NEEDS WITH WORLD-CLASS RESULTS!
- Find out how to beat other buyers to HOT new listings.
- Stop renting and own your own home. Free list of zero-down homes (see above for information on $8000 tax credit for first time buyers)
-Tired of your "too big" home now that the kids have moved out? Find out how to sell your home without giving away your low property tax base!
It's as easy as giving us a call NOW for this FREE information!
EmptyNestRealtors: If you are seeking information about the possible transfer of base-year value of a principal residence sold by someone age 55 or older, please follow thislink for further information.
In a nutshell, Proposition 60 provides tax relief to allow you to sell your principal residence and purchase a replacement home of equal or lesser value in certain counties. Proposition 90 allows these same benefits to be honored between certain counties, and is a "local option" law.
Please contact us if you need further information -- or if we can help you make your dreams come true by taking advantage of this great program! Please contact us immediately for a free brochure.
"Aren't you glad you have a friend in the real estate business to whom you can feel comfortable referring friends and family? Most of our business is referral-based, and we make a commitment to you to always treat our clients with Integrity - Enthusiasm - Vision!"
Also, if you need a referral to a Realtor® in another area, please contact us! We can provide a referral to any state and many countries through the most-recognized name in Real Estate - Century 21! We will also follow-up and monitor your progress and satisfaction through the entire process. Please... CONTACT US
MR. CHRIS SMITH Professional Home Mortgage 100 W. Valencia Mesa Dr. Fullerton, CA 714.738.4199
This well-respected Mortgage Broker's office is on-site, helping make loans and escrow convenient and well-managed. Chris is a man of the highest integrity, knowledge, and business practices.
GUILD MORTGAGE 888.826.4359 Robert McMahon
A DIRECT LENDER serving all of California, with particular focus on the disabled community, local grants, and teachers (they are the leading source for teachers' loans in the State of California)
Great down payment assistance and grant info.
DEBBIE BURT One Pointe Drive Suite 120 Brea, CA 714.803.6298 I am proud to be associated with Bank of America (and this Mortgage Account Executive in particular), at the Sunny Hills branch as their "Featured Realtor," working to serve our clients with Enthusiasm, Vision, and Integrity.
GREAT DOWN PAYMENT ASSISTANCE INFO!
THE THREE NAMES ABOVE REPRESENT THE BEST THAT WE KNOW OF IN THE MORTGAGE INDUSTRY... Please tell them that we referred you!
Tired of trying to find EXPERIENCED, REPUTABLE, AND HONEST REALTORS®?
WE CAN HELP YOU! You are embarking on one of the most important decisions of your life -- selling or buying your next home. (PLEASE SEE THE TESTIMONIAL PAGE OF THIS WEB SITE.) Bonnie is a Platinum Award recipient for January-June 2005, Master's Emerald Award recipient 2005, Pacesetter Gold Award recipient for January-June 2006, and Masters Ruby recipient for 2008. Terry has joined The Scribner Team on a part-time basis, bringing his own set of expertise and business experiences to you. We round out our team with excellent professionals who are dedicated to your service and your satisfaction.
If you are looking for...
Someone to represent your real estate interests and negotiate the best deal for you
World-class real estate service - We want to be your real estate consultants for life
Someone who really cares about your needs and concerns
Someone you can call any time with your Real Estate questions - Our team is always available
Someone you can count on to get the job done right - the first time!
You've found us!
PLEASE CONTACT US TODAY FOR A FREE NO-HASSLE, NO-OBLIGATION MARKET EVALUATION It's time for you to enjoy life and let US do the work!
If you are thinking of selling your home, YOU DEFINITELY NEED A COMPARATIVE MARKET ANALYSIS. We're available at your convenience to present you not only with a market analysis, but with a sensible, innovative, and aggressive marketing program designed specifically for your home.
WE REALLY LOVE BUYERS, TOO!!! IT IS SO REWARDING TO HELP A PERSON OR FAMILY FIND THAT PERFECT HOME! If you are not already working with an agent, we can send you free updates of properties in the area. We will research to find a home that will fit your specific needs and desires. We can offer you a personalized web site that will give YOU listings as soon as they are available -- those that meet your pre-designed set of criteria. We will preview homes to personally select prime properties for your consideration.
Working with a professional in either buying or selling property in today's market will put you in the position of knowing realistically what you can expect in that process. We can offer you knowledgeable and experienced real estate service combined with an attention to detail. Because real estate is becoming more challenging every day, you need a professional who understands the industry and is positioned to stay ahead of the game. We will work together to help sell your property or find your new residence.
We are backed by an outstanding agency. Century 21 Discovery is located in the heart of North Orange County, and has received the following local, national, and international awards:
-Grand Centurion Award, 1987-2008 -Quality Service Award, 1998-2008 -"Large Business of the Year," Fullerton Chamber of Commerce, 2002 -President Joe Lins named "Man of the Year," Fullerton Chamber of Commerce, 2003. -He was also named "Man of the Year," North Orange County YWCA, 2006 -Top 1% of Century 21 Agencies worldwide -Leading Broker for closed sales in North Orange County for the past 11 years-- Consistent excellence!
In addition to general residential sales, our market specializations include:
Employee Relocation Council
Fine Homes and Estates
Mature Moves
Residential Properties
VIP Office
Mortgage and Escrow Services
We can help you with Residential Real Estate
or Commercial Real Estate... WE CAN HELP YOU WITH IT ALL!
We want to be your Real Estate Consultants for Life!
Please feel free to browse through this site to explore the Orange County communities of Fullerton, Brea, Placentia, Yorba Linda, Anaheim Hills, La Habra, La Habra Heights, La Mirada, and Buena Park, as well as all of Southern California. This comprehensive online tool (offered under our "Select Page" option above) offers direct access to the latest properties for sale in your area. Featuring extensive community information, consumer links, school information, free reports, answers to commonly asked real estate questions, and more, you´ll find everything about real estate within one easy source.
Sellers: If you currently own property and are thinking of placing it on the market, this site contains information about preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection processes, and receiving a timely market evaluation. Buyers: We can also set up your own personalized system for property searches that notifies YOU when a home comes on the market that meets or exceeds YOUR search criteria! SMART BUYERS AND SELLERS CALL US FIRST!
We'd Like To Hear Your Feedback! We continually strive to improve this site and make it a better resource for you. We encourage all comments, suggestions & feedback.
BONNIE & TERRY SCRIBNER, REALTORS® "The Scribner Team"
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