Stacy’s Newport Beach & Real Estate

Newport Beach, Corona Del Mar & Coastal OC Real Estate

Archive for home for sale

First Time Home Buyer Tax Credit 2010

Frequently Asked Questions About the First-Time Home Buyer Tax Credit

The Worker, Homeownership, and Business Assistance Act of 2009 has extended the tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence. The tax credit now applies to sales occurring on or after January 1, 2009 and on or before April 30, 2010.   However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

For sales occurring after November 6, 2009, the Act establishes income limits of $125,000 for single taxpayers and $225,000 for married couples filing joint returns.

The income limits for sales occurring on or after January 1, 2009 and on or before November 6, 2009, are $75,000 for single taxpayers and $150,000 for married taxpayers filing joint returns.

The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional about your unique situation.

For the rest of the story, click on http://www.federalhousingtaxcredit.com/faq1.php

Newport Beach & Orange County, CA Traditional Real Estate Market Trends-March 2010

*The sellers of a 1,600 square-foot, 2-bedroom, 2-bath condominium want to move up. They have $200,000 in equity and an outstanding loan amount of $200,000 at 6%. The move-up seller’s monthly payment is $1935.77 including principal and interest, $1,199 .10; property tax, $366.67; and homeowners fee, $370.

For only a few hundred dollars more a month, these move-up sellers can purchase a newer 2,200-square-foot, 4-bedroom, 3-bath home for $550,000.have been lost in a little over two years.

Here’s how… (To read the full and current post of Orange County market trends of attached and detached homes with numerous CHARTS,  click on the following link.)

http://bit.ly/OCTraditionalMarketReport-March2010

Corona Del Mar Townhome – Home For Sale

Beautifully upgraded Corona Del Mar townhome in “the village” and close to everything.

Live the CDM lifestyle and never have to get into your car to go to your favorite restaurants, shops or the beach (and a private beach, at that!). This 2588sf two-story home has three bedrooms, each with its’ own full bathroom, plus open and spacious living spaces as the kitchen opens to the dining, great room and bonus room areas. Enjoy the bar-b-q and sunny patio positioned to take advantage of the greenbelt and landscaped ravine views for those long, lazy days of summer. Value Range priced at $1,150,000-$1,250,876.

To arrange your personal showing, call or email Stacy at (949)219-2431 or Stacy@stacymc.com.

Best Priced Balboa Island Home For Sale

This lovely 2-story Cape Cod style cottage home is the lowest priced home on Balboa Island and the lowest price-per-square-foot home to be offered at this time. Surprisingly spacious in its’ less than 1200sf, this home has 3 bedrooms and 1.5 bathrooms. And while it has a new roof, this home would appreciate the TLC and updating a new owner will bestow on it. Ideally located just a block to the Ferry and bayfront on beautiful Balboa Island, Newport Beach, CA.   Currently offered at $1,329,000.