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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November 10th, 2009
By Lauri Gibson
Top 12 improvements to do before you sell your home.
If you are getting ready to sell your house in the current downward housing market there are some inexpensive ways to maximize your profits. Staging and de-cluttering top the list according to HomeGain.com. Here’s the list according to a survey of Realtors nation wide by Home Sale [...]
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November 9th, 2009
SHASTA MLS REAL ESTATE UPDATE
Available residential listings: 1,422 (from 1,426 last week and 1,427 two weeks ago)
Homes in escrow: 467 (down from 491 last week and from 515 two weeks ago)
Homes closed escrow so far in November: 26
Homes closed escrow in October: 188
Homes closed escrow in September: 213
Homes closed escrow in August: 174
Homes closed escrow in July: [...]
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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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November 6th, 2009
By Bob Sparks
President Obama is scheduled to sign homebuyer tax credit bill at a White House signing ceremony later today. The bill received overwhelming bipartisan endorsement in Congress and expands tax credit to include move-up homebuyers. If you want to take advantage of this tax credit on the purchase of your next home you will need to have your own [...]
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November 5th, 2009
By Bob Sparks
The House voted 403-12 today to extend and expand the tax credit to include many buyers who already own homes. The Senate passed this by a 98-0 vote yesterday and President Obama is expected to sign asap.
$8,000 for first-time homebuyers
$6,500 for move-up homebuyers
Must be in contract by April 30, 2010 and close escrow by June, [...]
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November 5th, 2009
An amendment to the bill extending the FTHB credit would expand it to allow longtime residents of the same principal residence to claim a tax credit of up to $6,500. Homebuyers must have owned and used their residence for any five-consecutive-year period during the past eight years to claim the exception.
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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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