Tuesday, November 27, 2007

Caravan?

Nope it's not a minivan I'm talking about. It's an open house day for Realtors and the one day a week that all the Realtors in town get together and check out all the new listings. So? Well, if your Realtor participates, this is a definite benefit. If you are a buyer, wouldn't you like your Realtor to tell you about homes that they've seen personally, and not just on a computer screen? This might save a lot of your time driving around and looking at homes that don't fit your criteria. What if you are a seller? Many times something very important about your home may not be portrayed in the listing. It might just be the thing that a particular client has been waiting for. By making your home available for Caravan, many agents come to see your home and then go back to enthusiastically tell their clients! Caravan might just sell your home for you!

Today's Thursday, Caravan in Ventura day! Only one word of caution, watch out for that car full of people in front of you, they might be Realtors looking for their next destination!

Search the MLS for Ventura County Real Estate at:

Wednesday, November 14, 2007

First Time Homeowners - Rejoyce!!!

The California Housing Finance Agency (CalHFA) has received an additional $100 million to continue funding the California Homebuyer’s Downpayment Assistance Program (CHDAP). The funds are the result of the passage of Proposition 1C by California voters last fall. Previously, Proposition 46, which was passed in 2002, funded over $145 million in these down payment assistance loans, which included about $30 million in recycled funds and interest payments.

"That’s the unique benefit of this program," says Theresa Parker, Executive Director of the California Housing Finance Agency. "The funds continue to be recycled – they come in as payments and go back out as new loans, so it’s a little bit like the gift that keeps on giving."

More than 18 thousand California families were able to achieve first-time homeownership with assistance from Proposition 46-funded CHDAP loans. And through Proposition 1C, already CalHFA has utilized about $4 million of the $100 million available, helping 434 Californians purchase their first homes.

"CHDAP has helped make it possible for thousands of California families to overcome one of the toughest challenges to first-time homebuyers – the down payment," says Parker.

CHDAP provides down payment assistance to first-time homebuyers, enabling them to take advantage of 100 percent financing. Payments on this subordinate loan are deferred, meaning the borrower does not need to repay it until the home is sold, refinanced or paid in full.

In addition to the California Homebuyer’s Downpayment Assistance Program, CalHFA also offers six other down payment assistance programs and a variety of first mortgages, including 30, 35 and 40-year fixed rate mortgages to help Californians realize the dream of homeownership. CalHFA serves only the prime market for mortgages and continues to be a safe, responsible option for first-time homebuyers.

Along with the first-time homebuyer requirement, CalHFA has a limit on the sales price of the home being purchased and a cap on the income the borrower can earn. These limits vary according to county and can be quite generous in most areas.

Created in 1975 as the state’s affordable housing bank, the California Housing Finance Agency has invested over $14 billion in non-taxpayer funds to help more than 146,000 California families live in a home of their own with a mortgage they can afford. For more information and a complete description of CalHFA’s Homeownership, Multifamily, and Mortgage Insurance programs, visit www.calhfa.ca.gov or call toll free 877.9.CalHFA (877.922.5432).

Then give me a call at (805) 901-8805 and let's start looking for your new home!!!

Lorraine

Wednesday, November 07, 2007

Got Money, but Feeling Blue About Investing?


The Recent Ojai Valley News headline dated Nov. 2, 2007 read, "Ojai home sales rise with rest of state in slump".

It furthers brags that October could be even more impressive since 21 sales were recorded during the first three weeks of this past month, up from 12 for the same month in 2006. 15 in 2005 and 18 in 2004.

Let's think about this.....Why do you think Ojai is doing so well right now? Do you suppose people who having been waiting for the right time to buy a more expensive home feel the timing is right? Could be....
So if you have good credit and want to jump into one of these good buys, get off the couch and start looking! There are some fantastic prices right now....
Check this Pre Foreclosure one out at:
Janis Calkins
Realty Executives
(805) 218-7016

Tuesday, November 06, 2007

100% Financing Still Available!

Have you heard that you could no longer get 100% financing? That's just not true! There are special properties still out there that qualify for 100% fianancing with ZERO Down Payment! Buy this HOME with ZERO Down Payment! Very cute country cottage priced to sell at $335,000. This home sits on a corner lot with a 6970 square foot lot and plenty of room for expansion. There are 2 bedrooms, 1 bath, and newer windows throughout. More pictures and information on this home at http://www.hopegoss.com/Ventura__CA_listings/09A0BC8B-C017-DBD8-A1AC5322E59D1625.shtml


Search the MLS for Ventura County Properties with ZERO Down at
www.HopeGoss.com