Community Home Buying & Selling Real Estate Guide
Insider's Guide to Real Estate Research & Home Owner Information
What is a short sale? A short sale occurs when the seller of a property owes more money against that property than what they can ultimately sell the property for. Example, you have a $500,000 loan against your property, but now it is only worth $400,000. Adding the costs to sell your property at $400,000, […]
Looking at the numbers for June 2010, Simi Valley home sales look promising. Once you look past the surface of the reported numbers, some concerns become apparent. The federal tax credit set up to entice first-time home buyers with $8000 and move up buyers with $6500, was conditioned that those buyers needed to have a […]
Simi Valley homes for sale for the month of April 2010 had a slight uptick. The gain in average sales price and the slight gain in the total number of Simi Valley homes sold, is largely related to the federal tax credit that expired April 30. Effects from the federal tax credit will be seen […]
You’re in luck if you have a Wachovia or World Savings home loan and you are facing a short sale as your only option. There is a local representative for Wachovia assigned to the Simi Valley – east Ventura County area covering into the San Fernando Valley including the Santa Clarita areas. This process is […]
So, you’re trying to figure out if you have California Tax Liability With The State of California if you sold your Simi Valley home via Short Sale or are planning to short sell your home. SB 401 is set to work in line with the IRS Mortgage Debt Relief Act of 2007 forgiving tax liabilities […]
Simi Valley Home Sales Report YTD – January 31, 2010 Simi Valley home sales for the first month of 2010 trended back to average levels seen through 2009. While December 2009 showed the strongest sales for the year, my hunch was that many Short Sale lenders trying to close their books for the fiscal year […]
As a Simi Valley Home Buyer in this market you will be confronted by many homes for sale that are Short Sales. Before submitting an offer buyers should be concerned and careful about the process they are about to enter. The current market conditions for buyers has been difficult for many. Inventory levels have been […]
Simi Valley home sales were down in October 2009. This is very interesting in that the market has been pushed in a positive direction by the first-time home buyers tax credit. In September and October buyers knew that the tax credit was scheduled to expire on November 30, this should have reflected in an increase […]
Simi Valley Housing Market Update YTD July 31, 2009 The Simi Valley housing market has not been boring lately. Extremely low inventories, Super Low interest rates and the $8,000.00 Federal Tax Credit which expires December 1st have buyers whipped up into a frenzy competing for very few homes for sale. This situation has stabilized the […]
What is a Short Sale? What does it mean? A Short Sale occurs when a home Seller, who needs to sell their home, owes more in debt secured by the home than what the seller can expect a buyer to pay for the home. In other words when the sale occurs, the proceeds of the […]
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