Ashlon Langley Writer and Director of The Car a 1970’s film starring James Brolin was interviewed on Shameful Cinema. I write many Blog posts about San Diego and San Diego Real Estate and after reading the Ashlon interview about this 1970 movie I thought I would deviate and write about something out of the ordinary. I like the 1970’s low budget movies without all of the special effects and outspoken actors of today’s Hollywood. Ashlon responding to a question from the interviewer Andy about the car design he said;
Ashlon: The under-cranking was reminiscent of the Adams Family and The Munsters television series, making that quality silly to me. However, the design is choice! I love that one of the confusing points for the cops in the movie is that they can’t tell what make or model the beast is. And… it has no tags! If only they could get a license plate, the bungling cops could stop all the mayhem, yeah right!
I wrote about this movie and this interview because things are also reminiscent of the 1970’s even though it’s 2009. We are now like in the early 70’s in a recession and inflation is due to rise. America has taken a hit in the pride department due to the media’s constant attack on the good things America stands for and good things the United States does for so many around the world. The 70’s brought about the 80’s and the economy started gaining ground again and Americans had a lot of good things to feel good about. Watch The Car if you can and read the Ashlon interview. It’s truly entertaining.
If you need help buying a home, condo, Bank Owned REO, Foreclosure or Short Sale in the San Diego area including Chula Vista make sure you contact us we’re your San Diego Realtor.
There are many foreclosures because of the Foreclosure Moratorium that are waiting to be put on the market for sale by banks, asset managers and REO agents. The foreclosure moratorium here in San Diego County as well as most areas of the United States has kept homeowners in their homes through the 2008 holidays and then extended into 2009. Now that we’re well into 2009 there are many wondering why hasn’t the banks released the foreclosures. Many of them are vacant and the buyers are looking for new foreclosures to buy. In fact there are so many buyers here in San Diego they are starting to get discouraged in some San Diego markets and price ranges on the lack of inventory. There are also multiple offers on many homes sometimes exceeding 30 offers.
Some say the foreclosures are being held off the market because the banks are waiting to see if the Obama administration will subsidize the banks for their toxic assets. If that’s the case one of two things will happen the government “our tax dollars and our kids and grandkids tax dollars” will bailout the banks once again and then the foreclosures will come onto the San Diego market or the administration wont bail them out and the foreclosures will come on the market. Either way if this is the hold up let’s make a decision already because my buyers are getting real tired of waiting.
The word here in San Diego is that there are buyers galore and not enough homes for sale in some areas and some price ranges. Mostly first time home buyer price ranges. The inventory is filled with REO’s that are heavily damaged and needing lots of work or short sales with many offers and slow moving negotiators at banks. I HOPE by summer the Obama administration will CHANGE what’s going on.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
Great opportunity in Otay Ranch in newer Chula Vista. This Otay Ranch short sale has 3 bedrooms and 2.5 bathrooms located at the end of a Cul-De-Sac. This beautiful home offers many upgrades. Tiled stone flooring on a diagonal lay thru out first floor, wood flooring upstairs in big upstairs loft, upgraded carpet in bedrooms, custom window coverings, built-in custom TV niche with light wood to match kitchen, upstairs laundry closet, neutral colored paint, tiled fireplace in living room and overhead lighting. Walking distance from big playground, shops, restaurants and schools. Come check out this Otay Ranch short sale for great value.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
This $10,000 tax credit in the state of California only applies to homes that have never been occupied and purchased between the dates of March 1, 2009 and March 1, 2010. The California home buyers must also reside in the home as their primary residence for at least 2 years from close of escrow.
A qualified home buyer is:
A taxpayer who purchases a single-family residence, whether detached or attached, that has never been occupied, that is purchased to be the principal residence of the taxpayer for a minimum of two years, and that is eligible for the homeowner’s exemption under California Revenue and Taxation Code Section 218.
A qualified principal residence – new home is:
-A qualified principal residence means a single-family residence, whether detached or attached, that has never been occupied and is purchased to be the principal residence of the taxpayer for a minimum of two years and is eligible for the property tax homeowner’s exemption.
- Types of residence: Any of the following can qualify if it is your principal residence and is subject to property tax, whether real or personal property: a single family residence, a condominium, a unit in a cooperative project, a houseboat, a manufactured home, or a mobile home.
- Owner-built property: A home constructed by an owner -taxpayer is not eligible for the New Home Credit because the home has not been “purchased.”
The State of California has set aside $100,000,000 in tax credits for new home buyers. This program is on a first come first serve basis and once the allocated new home tax credit money is gone it’s over. Make sure if your California real estate agent is unfamiliar with this tax credit you let them know about it. You should also contact your accountant. Some details include that the tax credit amount is equal to either five percent of the purchase price or $10,000, whichever is less. Taxpayers must apply the total tax credit in equal parts over 3 successive taxable years which is a maximum of $3,333 per year beginning with the taxable year of when the new home is purchased. This can also be used in addition to the $8,000 First Time Home Buyer Tax Credit in the Stimulus Package.
If you are interested in applying you will need to:
- Do the following within 7 days of close of escrow on your New California Home.
- The seller must complete Part I of Form 3528-A which is the Application for New Home Credit and certifying that the home has never been occupied as well as provide a copy to the buyer or escrow person.
- The buyer will complete Parts II & III of Form 3528-A.
- The escrow person on behalf of the seller and buyer will fax the completed Form 3528-A to FTB at 916.845.9754, and provide a copy to the buyer.
- Fax is the only delivery method that will be accepted and considered for credit allocation by FTB, as the date and time stamp on the fax will determine the order in which credits are allocated.
- Fax only one completed application per residence with all qualified buyers listed. Do not include information on nonqualified buyers. An incomplete application may delay or prevent credit allocation.
- Do not fax the application to FTB before escrow closes.
- Do not fax the application to FTB more than once. We will process the applications in the order received as quickly as possible.
- Escrow companies should only send one application per fax transmission.
- The buyer keeps a copy of the completed Form 3528-A for their records.
- The State of California Franchise Tax Board will have a fill able Form 3528-A online soon. In the meantime, if you fill out the form by hand, please print numbers as clearly and neatly as possible using CAPITAL LETTERS and staying between the lines. The faxes can be very hard to read.
San Diego - First Time Home Buyers Only – 8000 Dollars !
The $787,000,000,000 stimulus bill signed into law has some benefits for first time home buyers. In the bill signed by Obama there is an $8000 first time home buyer tax credit. This $8000 amount was sized down from $15000 in the original version of the stimulus package. Here in San Diego County California and rich foreclosure environments like Chula Vista in South County San Diego welcomes this first time home buyer $8,000 tax credit incentive.
Some of the details are that the home purchased must be the first time home buyers principal residence. There is a cap of $8,000 if the purchase price is higher than $800,000. A first time home buyer in San Diego or anywhere in the U.S. would be someone who has not owned a principal residence for 3 years. This will only apply to home buyers buying in 2009 so if you’re sitting on the fence of San Diego home buyers this could be the thing that gets you down off the fence and back in the market.
There are also income limits that state single buyers need a modified adjusted gross income of $75,000 or less to qualify for full credit and $150,000 for married couples. If buyers make more income than the amounts stated they could be eligible for reduced credits. Make sure you talk to your accountant about this. The $8000 tax credit is refundable. Buyers will have to own the home for at least 3 years if they want to capitalize fully on the tax incentive. The tax credit will have to be returned to the government if they sell early. There are situations that will be exceptions to this rule.
Make sure you contact professional tax consultants for full factual information on this $8,000 First Time Home Buyer Tax Credit.
If you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtor.
I spent some time today researching San Diego median home prices in 2009 compared to what they were in 2008. I found a great link that shows the median price from January 2008 to January 2009 and shows the difference in median prices in percentages. My theory based on real estate trends and experience in San Diego County has held true. I have been stressing the fact that many coastal areas will be hit the hardest despite what many so called experts have been saying. I have also said that areas like newer Chula Vista like EastLake, Rolling Hills Ranch, San Miguel Ranch and Otay Ranch have taken a huge hit early in this San Diego real estate downturn and won’t be hit nearly as bad as some of the areas that have a false sense of security. What I mean by false sense of security is that many coastal areas in San Diego just because they’re close to the beach are said to be by some real estate agents immune to a real estate downturn. Nonsense!
Some of these so called “untouchable to recession proof real estate areas” are North County Coastal and Coastal Central San Diego. Some of these areas are; Carlsbad, Encinitas, Oceanside, Solana Beach, Ocean Beach, Point Loma, and more. These areas have taken some of the biggest hits of all and in my opinion will continue to see slashed prices through 2009. These costal real estate areas should see bigger drops than the areas of Newer Chula Vista which has already taken its biggest drop early on.
The false sense of values in these coastal areas has allowed inventory to build and short sales and foreclosures to start their run up. These areas are and will be a buyer’s delight in 2009. I still think the newer areas of Chula Vista are closer to their bottom than many of the other areas in San Diego County. This means if you’re buying a home in these areas it could very well drop in value less than other areas of San Diego County. From January 2008 to January 2009 this was exactly what happened and is a good trend going into 2009 for home buyers.
Now the reality of some of the statistics in this San Diego Real Estate Median Home Price Chart is that the number of sales in some of the communities is so low that they are not that accurate. What is accurate is the overall median home prices by areas like; North County Coastal, East County, and South Bay San Diego. These are a culmination of the total sales in the areas and have a large enough number of closed sales to be accurate.
The chart tells me there has been a lower reduction in median home prices in South Bay San Diego OVER ALL OTHER AREAS of San Diego County. The bleeding is less in this area and some good signs of recovery and less hemorrhaging than other San Diego communities. Buyers and investors both are seeing the value in many South Bay San Diego Communities.
Checkout the San Diego Median Home Price Chart and make your own conclusions.
What’s the deal? There are many ways to look at foreclosures and bank owned homes in
San Diego and Chula Vista California. I have noticed some companies cramming buyers on a bus to look for deals on foreclosures and bank owned homes. Many real estate agents look at this as the most uncomfortable and ineffective way to look at foreclosures and bank owned homes.
Home buyers that are interested in buying a foreclosure in the San Diego area usually select a real estate agent that can help them find the right home in the right area in the right price range. Home buyers don’t pay an agent the seller does. It’s not any cheaper to cram on to a bus with many other buyers and compete for the same deals on homes than it is to have an agent dedicated to working with just you. Usually a day of driving around the wrong neighborhoods and looking at homes not even in their price range or not even the kind of home the buyer wants will cure a buyer of wanting to do this ever again.
Let’s just say you find a foreclosure you like and 3 other families on the deal bus want to buy it. Now you’re competing with 3 other buyers driving the price up and who’s representing who? Like I said as a buyer you don’t pay the agent the seller does. You can have excellent one on one service with a local real estate agent who will research exactly what you’re looking for and find the homes that fit that description. Then the agent will pick you up or meet you at the office and show you the homes that exactly fit your description of what you want in home. Being crammed on a bus and looking at mostly homes that don’t fit what you’re looking for is a wasted day. Your time is valued with us.
When you want to take your San Diego and Chula Vista foreclosure and bank owned home search seriously give us a call. We’re here for one on one professional experienced service for the same price, Nothing! You can either eat with your family at a fast food restaurant or eat at a fine upscale restaurant either way it will cost you the same amount of money, nothing! It would be the same as the restaurant owner paying. When buying a home the seller or the bank on a foreclosure pays the real estate agent not the buyer. Take your time and think this one out. You can have great one on one service or be crammed on a bus. What do you think the deal is?
If you’re considering buying a foreclosure, bank owned home or condo, or an REO in Chula Vista 2009 should be a great year for you. Make sure you contact us to not only show you our Chula Vista Foreclosures but all Chula Vista Foreclosures for sale. Chula Vista has many foreclosures and will continue to have foreclosures throughout 2009 and into 2010. Foreclosures, bank owned and REO homes are in areas like; EastLake, EastLake Hills, EastLake Shores, EastLake Greens, EastLake Trails and Trails North, EastLake Woods, EastLake Vistas, EastLake Summit, Otay Ranch, Winding Walk, McMillin Lomas Verdes, Sunbow, Rolling Hills Ranch, San Miguel Ranch and older areas of Chula Vista.
There are many different areas of Chula Vista with different fees like HOA and Mello-Roos. An area expert in Chula Vista is essential for the amount of knowledge needed by an agent selling homes and condos in this area. Chula Vista consists of 5 zip codes including 91910, 91911, 91913, 91914, and 91915. All of these zip codes have foreclosures, REO’s and bank owned real estate. Chula Vista means beautiful view and there are many in the area including mountain views, lake views, golf course views, ocean views, and more. Ready to by a Foreclosure in Chula Vista? Were’ ready to help!
If you are a San Diego Border Patrol Agent buying a home in San Diego County including Chula Vista, Otay Mesa, San Ysidro and Imperial Beach make sure you call us. We have helped many Border Patrol Agents in San Diego buy a home. We appreciate all the hard work you do in San Diego County and want you to know when it comes to find a Real Estate Agent in San Diego we’re here to help. If you’re a Border Patrol Agent relocating to San Diego make sure you give us a call. We can get started right away emailing you homes for sale in San Diego and get things ready for your move to Southern California.
We have some great tools on our San Diego Real Estate Web Site to help you find your new home. We also have great maps to assist you in the location of the home to the rest of San Diego and distances to freeways. Also due to the large amounts of foreclosures in San Diego we have a San Diego Foreclosure Search Tool. If you’re in the U.S. Border Patrol and you need help buying a home or condo in the San Diego area make sure you contact us we’re your San Diego Realtors.
about San Diego and San Diego Real Estate and after reading the Ashlon interview about this 1970 movie I thought I would deviate and write about something out of the ordinary. I like the 1970’s low budget movies without all of the special effects and outspoken actors of today’s Hollywood. Ashlon responding to a question from the interviewer Andy about the car design he said; 
