Explore The OC
Real Estate information for Orange County & Southern California homes and properties. Articles with local character and current real estate news and trends.
ARCHIVED BLOG POSTS
2009
Irvine, California ~ with some of the best residential neighborhoods at Orange County, located near Newport Beach, Laguna Beach, Newport Coast, and within a 10 minute drive of the Pacific Ocean at Crystal Cove. Famous for pleasant weather, Irvine has lots of sunshine, award winning public school...
07/30/2009
How Does the Buyer Use and Take Advantage of the First Time Homebuyer U.S. Income Tax Credit? See and download form 5405 from IRS website ~ Form 5405 "First Time Homebuyer Credit" (click here). The credit is for up to $8,000 or 10% of the purchase price of the new home with an $8,000 maximum. ...
07/28/2009
Some good income tax news for employers in the CA state budget 2009 ~ approved by the legislature and signed into law last week. California companies that do business outside the state were previously required to pay state income tax on the portion of their sales, payroll and property within the ...
07/26/2009
Now is an excellent time to buy a home. See Marc Roth article at BusinessWeek.com ~ "Now's the Time to Buy Your Dream House" ~ click here for article. Why is now an excellent time? If you have a down payment and can qualify for the loan, now is a great time for you. Mortgage rates remain incre...
07/24/2009
The National Association of Realtors reported on July 23, 2009, that sales of existing homes rose 3.6 percent in June, 2009, the third consecutive month of increasing sales. "We expect a gradual uptrend in sales to continue due to tax credit incentives and historically high affordability conditio...
07/24/2009
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I am claiming my blog URL at Technorati. ____________________ Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA. www.ExploreTheOC.com 4zq62juh7w
07/22/2009
When you buy residential property as investment, plan these days to use at least 25% down payment. The non-owner occupied loan will get the same loan interest rate as owner occupied. However, the non-owner occupied will carry a 1.5 point add on to the loan fee up to 75% loan to value. If LTV i...
07/19/2009
If you are thinking of listing and selling your home, your REALTOR agent will help you understand the local market. LOCAL MARKET ABSORPTION RATE is a factor to consider, and determining this is by formula method chosen and is not a science. My determining of ABSORPTION RATE is based upon Lake F...
07/15/2009
Buying your first home? Take Advantage of the $8,000 U.S. Income Tax Credit that's offered. Speak with your REALTOR® about opportunities presented by this law allowing for U.S. income tax credit now available to first-time homebuyers. The amount of tax credit will be the lesser of either 10% of...
07/14/2009
The Associated Press published an article several days ago ~ Poor leave Calif. at higher rate than rich ~ reported about a new study that showed: The poor are more likely to leave California than the rich, despite concerns that the state's relatively high income tax rate is driving away the weal...
07/13/2009
Rainmaker
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Harrison K. Long
REALTOR , GRI, Broker associate, Attorney
