Governor signs home tax credit bill
March 29, 2010
Governor Schwarzenegger today signed AB 183 providing $200 million for home buyer tax credits. The bill allocates $100 million for qualified first-time home buyers who purchase existing homes and $100 million for purchasers of new, or previously unoccupied, homes.
Eligible taxpayers who close escrow on qualified principal residences between May 1, 2010 and December, 31, 2010, or who close escrow on a qualified principal residence on and after December 31, 2010 and before August 1, 2011, pursuant to an enforceable contract executed on or before December 31, 2010, will be able to take the allowed tax credit.This credit is equal to the lesser of 5 percent of the purchase price or $10,000, taken in equal installments over three consecutive years. Under the bill, purchasers will be required to live in the home as their principal residence for at least two years or forfeit the credit (i.e. repay it to the state). Buyers also must be at least 18 years old and be unrelated to the seller. First-time buyers are defined as those who have not owned a home in the past three years.
To learn more about the California Home Buyer Tax Credit, click here.
Stony Ridge - 5 acres - Very private!
March 20, 2010
Mountain Farmhouse on 5 acres, heavily wooded & oh so private! Fantastic spot less than 10 minutes to downtown Truckee. Open floor plan, great for entertaining, soaring beamed ceilings, kitchen has custom Knotty Alder Cabinets, stainless steel Kitchen Aid appliances, Wolf Range, farmhouse sink, largeisland. Master on main level, clawfoot tub, marble flooring, custom closets, double shower heads. Upstairs features a second master suite plus 2 bedrooms & a large rec room. Native rock walls add character as you enter the property. 3-car garage with epoxy floor, 3rd bay has built-in work station and storage. Sierra Pacific wood-clad windows. Covered deck for year round barbequeing.
For more photos and to view other homes in the Prosser area click here.
Squaw Summit - Views - No Expense Spared
March 8, 2010
Superb, world-class estate with sweeping views of Squaw Valley Ski Area. Sale includes 3 parcels for maximum space and privacy. Home was recently re-crafted in an artisan style - no expense spared. State-of-the-art wiring and technology throughout home. This is a large, showcase Squaw Valley estate with views, space and privacy. Great value - reduced $3MM recently and reduced $7.6MM off opening list price! Won’t last long at this price.
For more information and photos of this and other Squaw Valley real estate property for sale click here.
Zermatt Chalet - Chef’s Kitchen & Open Floor Plan
March 8, 2010
Delightful and beautifully maintained Chalet located in premier area of lower Tahoe Donner! This beautiful home is in impeccable condition and offers a wonderful open floor plan with three spacious bedrooms, 2.5 baths, lovely Great Room, spacious Dining area, Chef’s kitchen and large upstairs Master Suite. Enjoy the roomy downstairs Family Room adjacent to two bedrooms and a full bath. Generously sized garage, designer finishes, nice lighting and paintcolors make this Tahoe living at its finest!
For more information and photos of this and other Tahoe-Donner real estate for sale click here.
Overlook Place - 4 Bedroom / 4.5 Baths
March 8, 2010
Reflecting love of home building and skiing. Ski-in to the back door (chairlift 6 lots away). Huge wood-burning fireplace. Gas wood-stoves in kitchen andMaster bedroom. Wine cellar/tasting room. Majestic pines that stood on the site were milled to become the timber framing & woodwork inside the home. Home completed in 2005 received CATT’s award for Green Building. Beautiful Sierra views too.
For more information and photos of this and other Northstar-at-Tahoe real estate homes for sale click here.
Great Bear Lodge - 4 Bedroom / 4.5 Bath
March 8, 2010
The jewel of Northstar’s Village, Great Bear Lodge overlooks the skating rink and Village. Plenty of sun, privacy, and fantastic views are offered from this magnificent condominium. A private elevator whisks you to your mountain retreat. Tastefully furnished with all you will ever need. Access to the Tahoe Mountain Club may be available, offering the finest in amenities for your discerning clients.
For more information and photos of this and other Northstar-at-Tahoe real estate property for sale click here.
# of Bank-Owned Homes on the MLS are Declining.
March 2, 2010
Below is a graph showing the number of Bank-Owned residential properties listed for sale on the MLS in the Truckee and north Lake Tahoe areas:
Notice: The information contained herein is deemed reliable but not guaranteed. Verification is recommended.
# of Short-Sales on the MLS are Declining.
March 2, 2010
Below is a graph showing the number of residential Short-Sales on the Multiple List System for the Truckee and north Lake Tahoe areas:
Notice: The information contained herein is deemed reliable but not guaranteed. Verification is recommended.
Weather Links for Truckee / north Lake Tahoe
March 2, 2010
Below are weather information links to closely monitor the Truckee / north Lake Tahoe area:
