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Fannie Mae extends seller assistance program

Fannie Mae recently announced it is extending its seller assistance incentive on all Fannie Mae-owned HomePath properties. Buyers will receive 3.5 percent of the final sales price, to be used toward closing cost assistance or their choice of selected appliances. The...

Is Your Big Bear Appraiser Geographically Competent?

Getting a geographically competent appraiser in Big Bear can be challenging. Be sure to talk to your lender about requesting an appraiser that has local knowledge and is a member of the Big Bear MLS. Request that the appraiser is within 30 miles of the home being...

If Your Going To Sell, I Wouldn’t Wait For The Market….

I was at this same meeting yesterday with Tyler. Even though this isn’t a positive message, I think it is important for sellers to hear. Thanks Tyler! Something that I also heard from Leslie Appleton Young (Chief Economist for CAR) is that over 50% of the homes...

CALIFORNIA’S TAX CREDIT MONIES MAY GO FAST

The $100 million allocated for California’s first-time homebuyer tax credits may be depleted in about 10 to 20 days or sooner, according to C.A.R.’s Economics team.  California’s Franchise Tax Board (FTB) plans to begin accepting applications on May...