The Approval Experts | San Diego Real Estate | Short Sales

California is taking some big steps this year to continue driving up homes sales in California while enticing home builders. In May California will roll out a $200 million dollar tax credit available to home buyers in the form a $10K tax credit. This program is sure to be hit with those in the market looking to buy a home. This tax credit is aimed to getting home builders to ramp up on the construction forefront.

With a $20 billion dollar deficit Arnold Schwarzenegger is taking some big risks to help spur the market once again. With inventories extremely low in many areas of the state this could possibly be a great move, that is if the banks aren’t forced to release additional bank owned inventory. There are a number of different aspects that could make or break this California stimulus package, but our state officials are tuned in and have an understanding that bank inventory will remain off the market while the State pushes for home builders to get back into the game.

Most analysts suspect the new home incentives will be exhausted within the first 5 months of the program, but with so many buyers currently looking to lock themselves in with a great rate, it looks like prices may move upward in some areas in order for buyers to lock in that tax credit. This is great news for buyers looking at short sale properties as well as sellers looking to sell their home. It may become a sellers market to the extent that homes will continue to move in an environment where incentives are given. If you have any questions in regards to this tax credit, have interest in selling your home or you are looking at purchasing at property, let The Approval Experts help you in selling or purchasing your next home.

If you are thinking about a strategic default or have any questions in regards to a short sale feel free to call the The Approval Experts at 866-96-SHORT. We would be happy to help answer any questions. We always recommend that those considering a short sale consult both a real estate attorney and tax attorney as each individual short sale is unique. We are located in the San Diego area, but have the ability to assist sellers throughout California.