San Diego Downtown Real Estate

David Knox, a real estate expert for more than 30 years, shares with Downtown San Diego Home Buyers the full meaning of the Extended Home Buyer Tax Credit. The benefits of the tax credit to both first-time buyers and move-up homeowners are discussed extensively.

Knox explains that the tax credit is just one of the things that make today one of the best times to buy a home, even considering the media negativity surrounding the real estate industry. National media networks report on the nationwide status of real estate, so the local market could be better, as is the case with San Diego Downtown Real Estate. On the other hand, the lowest interest rates since 1971, coupled with huge selections of low-priced quality homes, are very good reasons to consider making a home purchase now.

San Diego Downtown first time homebuyers can receive a tax credit of 10% of the purchase price up to $8,000. Current homeowners can receive up to $6,500. This tax credit is extended until April 30, 2010. Knox clearly explains the details on the video, including purchase qualifications, income limits, and waiver of repayment, and also presents a time table for those planning to buy a home to take advantage of the tax credit before it expires. He also gives tips for those considering selling their current home: to price it to the market, and to prepare it to sell.

Finally, Knox addresses the question many potential San Diego Downtown home buyers are asking: Should I buy a home now? He then gives answers and explanations to those buying in a down market, and those attempting to buy at the bottom.

In parting, Knox states, "The number one reason to buy a home is to have a place to live and raise your family. The joy of homeownership has to outweigh hitting the absolute bottom of the market."

Consult your Downtown San Diego real estate professional now to find out more opportunities from the Extended Home Buyer Tax Credit. 

For further information on any Downtown San Diego Condos contact:

Gregg Neuman

Gregg@sellSanDiego.com

1-800-221-2210

www.SellSanDiego.com

As 2010 gets underway there is something very exiting for potential Downtown San Diego Home Buyers and real estate professionals to look forward to and take advantage of.

The expanded home buyer tax credit is going to really increase opportunity for an infinite amount of people and may just be the spark that the American housing market needs to get back into good shape.

The credit was created back in 2008 but has become much more than the $7,500 tax credit that needed to be repaid. Now the tax credit is valued at $8,000 and does not need to be repaid at all in 2010 and will be available for first time home buyers, while current homeowners are eligible for a tax credit of $6,500.

Read Also: Existing-Home Sales Increase for First-Time Downtown San Diego Home Buyers

First time home purchasers that buy a home between November 7th 2009 and April 30th 2010 are eligible for this credit and it is a definite bonus that needs to be looked into.

Current homeowners that purchase a home in the same period are eligible for the $6,500 tax credit as long as the home they lived in before was owned by them for the last five years.

One very important point for the changes is that a Downtown San Diego Home Owner's current home does not necessarily have to be sold to qualify for the tax credit. However, the home buyers must reside in their new home for at least three straight years in order to hold onto the tax credit.

It may be a bit confusing, but it is definitely great news for the struggling housing market and potential new Downtown San Diego Home Owners.

For further information on any Downtown San Diego Condos contact:

Gregg Neuman

Gregg@sellSanDiego.com

1-800-221-2210

www.SellSanDiego.com

Foreclosures and short sales have been a big part of the Downtown San Diego Real Estate Housing Market in recent years, but a new phenomenon is starting to show its face.

Half-built homes are starting to come out for sale as abandoned homes are resurfacing on the market. While the idea of building a home that isn't fully finished isn't completely new, the difference now is that many of these homes no longer have the same builder around to finish them.

Read Also: Know What to Demand of Your San Diego Real Estate Agent!

Custom builders have gone out of business as they lost clients, and a half-built home may not be guaranteed to get finished.

Downtown San Diego Real Estate has definitely changed as many agents are now focused on selling half-built homes, short sales and foreclosures. Officials are not sure of how many half built homes are left in the USA but they have given many builders extensions for building permits in order to try and cut back on unfinished houses.

However, nationally we do know that the percentage of incomplete homes has definitely risen to over 40% as of the end of 2009, which is a rise from the 35% of new homes that was left unfinished at the start of the year.

The good news for Downtown San Diego Home Buyers looking for a home is that many of these unfinished homes can come at a very reasonable price.

Potential homeowners just need to be weary of exactly what needs to be done and also somewhat bring their own vision in terms of finishing a Downtown San Diego Home.

For further information on any Downtown San Diego Condos contact:

Gregg Neuman

Gregg@sellSanDiego.com

1-800-221-2210

www.SellSanDiego.com

The government has been taking steps to rejuvenate the economy that has been consistently slipping in the USA, and that is why Barack Obama has signed a new law and extended the effectiveness of the home buyer tax credit.

Housing has been at the center of almost every debate for the country's economy but there are still many that are debating whether this new bill will help at all.

The total cost of the Worker, Homeownership, and Business Assistance Act is now estimated to be $18.5 billion, which is a staggering number considering the current status of the economy. While it is an interesting stimulus strategy, there is clearly a lot of doubt and a little bit of backlash in the whole matter.

Read Also: Existing-Home Sales Increase for First-Time Downtown San Diego Home Buyers

With the credit and $18.5 million it really calls for a lot of responsibility from Downtown San Diego Real Estate agents and professionals within the industry. They are going to be relied on to maximize opportunity and get the Downtown San Diego Housing Market in action once again.

The president and CEO of Realogy Franchise Group Alex Perriello stated that the stimulus package was an absolute necessity for people, the housing market, and the entire United States economy.

The additional hope that the tax credit will offer citizens and consumers help, and give agents and brokers an almost endless list of opportunity to turn things around.

While the true help and effectiveness of the tax credit remains to be seen, there are many that feel that the bill helped stimulate a very large increase in home sales for the fourth quarter of 2009.

For further information on any Downtown San Diego Condos contact:

Gregg Neuman

Gregg@sellSanDiego.com

1-800-221-2210

www.SellSanDiego.com

Downtown San Diego Condos are perfect for today's Real Estate market.  Many San Diego home buyers are interested in purchasing smaller homes with efficient living spaces and shorter commuting distances from work.  

The balance between what homebuyers want and the price point is a significant factor for home builders today.  Buyers are focusing more on spaces, not rooms and homes that are already designed "green".

"For many buyers, their next house will be smaller than their current one", said Carol Lavender, president of the Lavender Design Group in San Antonio, Texas. Large kitchens that are open to the main family living area, old-fashioned bathrooms with clawfoot tubs and small spaces such as wine grottos are design features that will resonate today, she said.

"What we're hearing is 'harvest' as a home theme-the feeling of Thanksgiving. It's all about family togetherness-casual living, entertaining and flexible spaces," Lavender said.

According to an annual survey of home buyer preferences, said there are several "must have" features in San Diego Downtown Condos:

1. Large kitchens, with an island.  For San Diego downtown condo homebuyers granite countertops are a must for move-up buyers and buyers of luxury condominiums. Spending money on kitchen design upgrades will provide more of a return on your investment.   "If you're going to spend design dollars, spend them where people want them-spend them in the kitchen," said Heather McCune, director of marketing for Bassenian Lagoni Architects in Park Ridge, Ill.

2. Granite countertops are a must for move-up buyers and buyers of condominiums, but for others "they are on the bubble," Cardis said.

3. Energy-efficient appliances, high-efficiency insulation and high window efficiency. Among the "green" features touted in homes, these are the ones buyers value most, said Cardis. While large windows had been a major draw, energy concerns are giving customers pause on those. The use of recycled or synthetic materials is only borderline desirable.

4. Home office/study. People would much rather have this space rather than, say, a formal dining room. "People are feeling like they can dine out again and so the dining room has become tradable," Cardis said. And the home theater may also be headed for the scrap heap, a casualty of the "shift from boom to correction."

5. Master suite soaker tubs. Whirlpools are still desirable for many home buyers, but they clearly went down a notch in the latest survey. Oversize showers with seating areas are also moving up in popularity.

6. Community landscaping, with walking paths. Forget about golf courses. Buyers in planned developments prefer walking among lush greenery.  The Harbor Club Downtown San Diego Condos are a perfect location to walk and explore famous San Diego Dining establishments and the San Diego Bay.

For further information on any Downtown San Diego Condos contact:

Gregg Neuman

Gregg@sellSanDiego.com

1-800-221-2210

www.SellSanDiego.com