Redding Real Estate

Fine Points Of Homebuyer Tax Credit Discussed

November 13th, 2009

By Brad Garbutt

An enrolled agent from Southern California once again spoke with local Realtors about the extension and expansion of the federal tax credit for homebuyers. Earl M. Salter, said this tax free credit not only applies to first-time buyers but homeowners who have owned and lived in their personal residence for 5 consecutive years during the last 8 [...]

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E.A. Discusses Tax Implications of Short Sales

November 12th, 2009

By Brad Garbutt

Enrolled Agent, Earl M. Salter, addressed members of the Shasta Association of Realtors regarding what sellers of over-encumbered homes should expect  from the IRS. Homeowners in this predicament should consult with an accountant or enrolled agent prior to pursuing a short sale. It is a viable option for those that took out a purchase money loan to [...]

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GMAC No More-Rebranded ‘Real Living’

November 11th, 2009

By Brad Garbutt

The GMAC brand is no more as Brookfield, the parent company of GMAC Real Estate, re-branded the entire franchise to Real Living. Real Living, according to a corporate profile summary, “emerged in 2002 as the largest, independently- owned company in the Midwest and the seventh largest real estate brokerage”. The Ohio-based brokerage established themselves as [...]

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What If I Stop Paying My Mortgage?

November 8th, 2009

By Brad Garbutt

Many homeowners across the nation, particularly those that owe more than their home is worth in today’s market, are asking themselves this question before making their monthly mortgage payment. Here is a time line of what to expect:

Expect your lender to report your missed payment to credit bureaus by the first day of the following month.
The [...]

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Racial Discrimination Is Alive and Well

November 6th, 2009

By Brad Garbutt

Beverly Hills Properties was just hit with a $2.725 million dollar fine from the U.S. Department of Justice for housing discrimination. According to an article from the California Association of Realtors, a lawsuit brought in August of 2006 claimed Donald T. Sterling and others engaged in discrimantory practices including refusing to rent to African-Americans, Hispanics, [...]

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Buy A Home With Nearly Nothing Down, Again!

November 5th, 2009

By Brad Garbutt

Lenders are always searching for ways to help buyers leverage their good credit to buy homes. Wayne Barni, local loan broker with ChoiceOne, reviewed a loan program dubbed CHF Access. This program uses an FHA first mortgage which requires a 3.5% downpayment and a 3% second mortgage that can be used toward the downpayment or closing [...]

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Redding Home Prices Dip In October

November 3rd, 2009

By Brad Garbutt

For most of this year, Redding home prices have hovered around $135 per square foot but dipped to $129 in October. These averages are for Redding only and do not represent Anderson, Shasta Lake or Shasta County. The average home price dropped accordingly to $212,988, about $30,000 less than the 2nd quarter average of $244,718.
On [...]

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What Will A Million Get You In Redding? 832 Santa Cruz!

October 28th, 2009

By Brad Garbutt

Quite the value, relatively speaking! For starters, this Street of Dreams home sits on a ridge overlooking Redding, the valley and the beautiful western range. Featured last year on the cover of FROM HOUSE TO HOME  magazine, this sprawling estate is situated in the gated community of Standford Hills on the northwest boundary of Redding.
The main residence, nearly 4400 square feet of [...]

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