Caroline Chai's (sttsou) Blog

The existing tax credit for first-time buyers, set to expire at the end of the month, has helped boost home sales. President Barack Obama has approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010 to the first-time homebuyers and also to the s...

Have you notice a lot of for rent signs on the street lately? Why are we having so many houses for rent this time of the year? Here are the 3 main reasons: 1. Investors move into the rental market: Since there are a lot of bargain buys of bank owned and short sale properties, investors are moving...

In an effort to stimulate housing demand, President Barack Obama included a tax credit of up to $8,000 for certain first-time home buyers in the $787 billion economic stimulus package he signed in February. Only buyers of principal residences who make purchases before December 1 and have an adjus...

One of the most common concerns from buyers is the condition of the house. Buyers do not want to end up with a house that has lots of problems. To avoid that, here are five steps to protect buyer's interest in the purchasing process: 1. Buyer's own visual inspection. Some of the problem can be ea...

Due to the $8000 federal tax credit to first time homeowners who purchase their primary residences before end of the year, the demand on houses selling less than $500,000 is very high causing a short supply on this type of housing. Buyers who already know their area interests are in a stand by mo...

Recently I am seeing bank owned homes received 30-50 offers couple of days after it was listed. Especially the ones that are in good move in condition with lots of upgrades. I am also seeing overbidding on the bank owned properties at a price that is substantially higher than the regular sales at...

Number of houses sold last month in June 2009 went up dramatically and the buying frenzy continues in July.

According to Dataquick's newest report for California 2009 May Home Sales: "The median price paid for a home last month was $230,000, up 4.1 percent from $221,000 in April, and down 32.2 percent from $339,000 for May a year ago." California Median Home Price May 2008 $ 339,000 April 2009 $ 221,00...

Why is it important to hire a agent who is familiar with the area you are buying or selling instead of an out of the area agent who is a trusted friend? The answer may be very simple. 1. Convenience Is it easier for a local agent to drive 5 to 10 minute or out of the area one to drive 30 to 60 mi...

Buy a house in s good school district is one of the main reasons for family looking for a new home in the summer. The following is a chart of State's 2008 API school reports for Walnut, Diamond Bar, Phillips Ranch and Chino Hills to assist buyers who are factoring the shcools into their buying de...