November 11, 2009
Is it too early to get excited about the home-buyer tax credit extension?
If you read the news last week, you’ve probably heard that the Obama administration has extended the Home-buyer Tax Credit from its original expiration date of November 30, 2009 to March 30, 2010. The government also added a provision for current homeowners that would allow them to sell their current homes and receive a $6,5,00 tax credit when they purchase their next home.
In California, one of the hardest-hit and most expensive housing markets, it may be too early to tell how this extension will affect us in the coming months. Some analysts argue that the tax credit’s impact has generally been overstated and that its impact going forward is likely to be uneven, but the psychological effects for new home buyers could give the economy a greatly needed boost.
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November 5, 2009
I took this video on-site during the initial occupancy check at 1775 Ohio 312, Long Beach, CA.
If you’re familiar with the Long Beach area, you’ll probably recognize the large condo building on the corner of Ohio and Pacific Coast highway.
It’s a short sale, so it’s already vacant. The condo features 3 bedrooms and 2 bathrooms, with a large kitchen, and a living room with a built-in a wet bar. It needs a little cleaning up, but otherwise it’s a great condo in a nice location.
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