Category Archives: Spring Valley Real Estate

Spring Valley Real Estate News and Articles

FREE Mortgage Protection Program for First Time Home Buyers

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blog-gloria2If you are a first time homebuyer and are just about to purchase a home, or are actively seeking to purchase through HomeReach.com before the tax credit deadline, then you must take a look at the California Association of Realtors’ Mortgage Protection Program. The program was developed to help ease the anxiety of consumers who are concerned about potential job loss and its impact on their ability to pay their mortgage should they purchase a home. It provides peace of mind to buyers who are actively searching for a home. There is NO COST to you!

Through the Housing Affordability Fund Mortgage Protection Program, first-time home buyers who lose their jobs due to layoffs may be eligible to receive up to $1,500 per month, for six months, to help make their mortgage payments. A qualified co-buyer also can participate in the program, and receive a monthly benefit of $750 per month for up to six months. Program benefits also include coverage for accidental disability and a $10,000 death benefit.

To qualify for the Mortgage Protection Program, applicants must:
. Be a first-time home buyer – someone who has not owned a home in three or more years
. Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009
. Use a California REALTOR® in the transaction
. Purchase the property in California
. Be a W-2 employee (cannot be self-employed)

To apply for the program, home buyers must request an application for the H.A.F. Mortgage Protection Program from one of our REALTORS®.

Contact us for additional information. The deadline for this program is December 31, 2009.

Your Specialized HomeReach.com Agent,

Gloria M. Baker

619-770-7753

THE CLOCK IS TICKING ON THE FIRST TIME HOMEBUYER TAX CREDIT!

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blog-gloriaThe government’s first time homebuyer tax credit expires November 30, 2009. If you are planning to take advantage of this credit, you don’t have much time. It is taking an average of 30-45 days to close on a home. And if you are purchasing a short sale or foreclosure property, then the time can be extended much longer.

Congress passed the First Time Homebuyer Tax Credit program as part of the 2009 economic stimulus plan. Some of the program criteria include:

*Buyer may not have owned a “main home” in the past 36 months

*The home cannot be purchased from a parent, spouse, or child

*Adjusted gross income for the household must be below $95,000 for a single filer, and $170,000 for joint tax filers

The credit is capped at $8000 or 10% of the purchase price, whichever is less. The amount you receive is a credit and not a deduction. For instance, if you get to claim the full $8000, and after filing your 2009 income tax return, you owe the IRS $1000, then you would actually receive a $7000 check from the U.S. Treasury once your tax return is processed by the IRS. You can receive additional information from the website below:

http://www.federalhousingtaxcredit.com/2009/index.html

Your HomeReach.com Specialized Agent,

Gloria M. Baker

619-770-7753

Beautiful Spring Valley

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Spring Valley is San Diego County’s largest unincorporated community.  The city is named for the natural spring located there.  For a long time it was the home of the Kumeyaay tribe.  It is a community of rolling hills and countryside 17 miles east of San Diego.  This virtually smog free community is a 20 minute commute to downtown San Diego.  Although it is the largest unincorporated community, it still offers a small town feel to its residents.  Lifestyles range from apartment and townhome residents, to urban professionals, to larger properties with horses, livestock, and rural community living.  The temperate climate allows area producers to harvest citrus crops and other types of produce.  By the way, did I mention the city has some of the most awesome views around?  From certain areas, you can see Mexico, the Sweetwater Reservoir, mountains, downtown San Diego, and the Coronado Islands.  And have you heard of Dictionary Hill?  Legend has it that when builders were first trying to sell the properties, anyone who purchased a parcel of land got a set of encyclopedias free.  We also hear the opposite that if someone purchased a set of encyclopedias for $109, you got the land free.  Anyone know for sure?   The area became known as Encyclopedia Heights, which somehow got changed to Dictionary Hill.  It is a mountain summit that climbs to 1060 feet (323.09 meters) above sea level.  The homes in “The Hill” are spectacular, and their views are awesome.  Spring Valley’s moderate climate and nearness to the Pacific Ocean, mountains, deserts and countryside, make it an ideal southern California community.

 

Find Homes For Sale in Spring Valley!

 

by Glodia Baker

HomeReach.com

Spring Valley Specialist

(619) 770-7753

 

Selling a Home in San Diego?  HomeReach.com shares 50% of our commissions with home sellers, up to 1.5% of the purchase price!

San Diego’s Real Estate in Spring Valley

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Spring Valley Real Estate Homes For Sale San Diego
Spring Valley San Diego real estate is the largest unincorporated community in San Diego County. Spring Valley borders La Mesa and El Cajon to the north, Jamul and Dulzura to the east, Sweetwater and Bonita to the south, and Paradise Hills and Lemon Grove to the west.

Named for the natural spring located there, homes in San Diego Spring Valley quench the thirst of residents who seek the tranquility of the countryside, but the life of a city. Spring Valley is an ideal southern California community, filled with organizations that cater to all the different residents of this area. Its annual health fair is one of the events held in Spring Valley, that unify all the residents, as well as promote a healthy lifestyle.

If you’re considering buying or selling a condo or house in San Diego Spring Valley, our REALTORS® at HomeReach are ready to answer your questions and provide you with excellent service. Our MLS Search is an efficient way to begin your search for a home. Buying or selling real estate in San Diego is an important decision and our agents at HomeReach are here to help you make the best decision.