Caroline Chai's (sttsou) Blog

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Real Estate Agent - RE/MAX Realty 100

ARCHIVED BLOG POSTS

2008 

Pine Valley Estates is a new gated community developed by Meritage Homes in Chino Hills. It is located in the high desirable north Chino Hills area with only 98 home sites. Over half of the home sites have golf course view overlooking Western Hills Golf and Country Club. Houses are between 3,360 ...
08/30/2008
I recently submitted an offer for my client to purchase a bank owned home in Chino Hills. My cleint's offer is $15,000 over bank's asking price with 50% down payment. By the end of the 1st listing day, there were 5 offers and my client's offer was out bid by an all cash offer.This month, I am see...
08/26/2008
For investors who move into their investment property in order to claim the $250,000 home sales profit tax-free capital gains exclusion ($500,000 for couple), the new law passed in July has closed this lucrative tax loophole.Instead of the old all-or-nothing proposition, under the new Capital Gai...
08/16/2008
For upside down sellers who "NEED" to sell their properties and do not want to damage their credit, short payoff is another option to get the property disposed.With short payoff, when you sell your property, the bank will allow you to sell it for less than what you owe provided that you carry an ...
08/09/2008
President Bush just signed H.R. 3221, the "Housing and Economic Recovery Act of 2008" on July 30, 2008 giving an new tax credit up to $7500 for qualified first time home buyers.If you have not own a principle residence in the past 3 year, you might be eligible for the new tax credit if you purcha...
08/09/2008
For landlords who have homeowner policies for their rental properties, since the needs of a landlord are different from homeowners, you might like to consider landlord's policy instead.Both policies cover dwelling and liability. Homeowner policy covers personal property. Since a landlord does not...
08/08/2008
With the recent rapid decline of home value, lots of homeowners are upside down on their loans.For those who can no longer make payment on their mortgage due to sickness, divorce, job lost or an option ARM payment that is resetting higher, hire an real estate agent to do a short sale can be a val...
08/07/2008
The Foreclosure Prevention Act of 2008 (H.R. 3221) was passed by the U.S. Senate on April 10 this year. In it, it includes a bail out for mortgage industry by giving $7000 tax credit to home owners who purchased a bank owned home as their primary residence. The $7000 can be divided equally betwee...
08/05/2008
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With the 30%-40% price drop in the past 1 year compounded with additional tax benefit, own a house as a lifestyle asset has becoming a more and more popular choice in Inland Empire.To own, you will need at least 20% down payment from savings, gift or qualified from city's down payment assistant p...
08/04/2008
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The following is a list of home sales in Chino Hills, Diamond Bar, Phillips Ranch and Walnut in July 2008 using MLS data.Home Sales by CityMarch 2008 No. of Homes For SaleNo. of New ListingsNo. of Homes PendingNo. of Homes Sold Chino 344896863Chino Hills2921056553Diamond Bar 209764447Phillips Ran...
08/04/2008
Rainmaker
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Caroline Chai

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