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First Time Home Buyers Tax Credit Information – Truckee Real Estate
• The tax credit is available for first-time home buyers only.
• The maximum credit amount is $7,500.
• The credit is available for homes purchased on or after April 9, 2008 and before July 1, 2009.
• Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.
• The tax credit works like an interest-free loan and must be repaid over a 15-year period.
• When would I get the money from the credit?
• You get the money only after you claim the credit on either your 2008 or 2009 tax return, NOT when escrow closes on the home.
• However, you can speed up the process if you buy a home in 2009, prior to July 1. Instead of waiting until you file your taxes in 2010, you can (after Dec. 31, 2008) treat the purchase as if it were completed in 2008. That means you can amend your 2008 return and get the credit in 2009.
How do I repay the credit?
You start repaying the credit in the second year after the tax year that the home was purchased.

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HEAVEN IN TRUCKEE!

12809 Pinnacle Loop

Truckee, California 96161

Bonnie Jessee

530 412 3984

With our blue skies; green earth, forever views and so very much to do thru all the seasons in Truckee and Lake Tahoe, what more could we desire?

Easily we could desire to find that perfect home – at the perfect price - to enjoy our family and friends.  Such as this fabulous property located close to heaven in Tahoe Donner!  This five bedroom, four and one half bath beauty is currently listed for $2,195,000.

This magnificent mountain home has it all! With breathtaking panoramic views of the Sierras including Mt. Rose, Northstar and Tinker’s Knob. Custom designed with all the bells and whistles! Featuring a majestic great room with floor to ceiling windows, Artisan gas fireplace and wet bar. The gourmet kitchen has everything a chef would desire. A lower level family room features a wet bar and access to an expansive deck to enjoy the views! 3 master suites, a game room, huge garage, and lots of storage too!

Almost 5,000 square feet of unsurpassed beauty!  Call me for a private showing.

Your Buyers Agent:    Bonnie Jessee, 530 412 3984

                                    http://www.welcomehometruckee.com     

Reprinted from the Sierra Sun Thursday, September 18^th, 2008

Bonnie Jessee, Realtor 530 412 3984

A row of houses for sale in the Winter Creek Development in Truckee shows times are slow for developers.

Emma Garrard/Sierra Sun

Small contractors and big developers alike are trimming down as the real estate market continues to slump.

But East West Partners has seen less of a slowdown in the Tahoe-Truckee area compared to other properties they have in Colorado, he said.

“Industry-wide we’ve seen a slowdown, but comparing Tahoe to Park City or Vail, we’ve seen less pronounced effects in Tahoe,” Riva said.

The Winter Creek development in Truckee has slowed some along with the rest of the market, said Tom Grossman with GLA Morris Construction, but overall is still doing well.

Likewise, Sue Ruane, executive vice president at the Tahoe Sierra Board of Realtors, said real estate agents have been relatively insulated from the declining housing market.

“We usually have a membership of about 1,000 — always right in that

range — and right now we’re at 950, so the effects haven’t been as big as you’d think,” Ruane said.
 
Grossman said all this means it’s a good time to buy locally.

“I think the entire Truckee-Tahoe market is very under-valued right now, and is a great investment,” Grossman said.   Give me a call today at 530 412

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Lake Tahoe Truckee Real Estate

PROFESSIONAL PROPERTY MANAGEMENT

AND YOUR SECOND HOME/INVESTMENT PROPERTY

TRUCKEE AND LAKE TAHOE REAL ESTATE

BONNIE JESSEE, REALTOR

530 412 3984

This year I have dealt with several buyers who are interested in retiring here in the beautiful Sierra’s; on the North Shore of Lake Tahoe, Truckee and Sierra County.

It has been very interesting to note that my buyers have different reasons for buying – some as investment with a desire to perhaps use the home for a week or so a year, some only as investment property and a few buyers contemplating the potential of becoming a retirement property at some point.

In any case, we have been successful in purchasing these properties at excellent pricing for my buyers.  Statistics are proving out that property pricing in our local ‘areas’ are currently stabilizing – therefore with an almost certain guarantee of increased values to come for the buyers, no matter what the use of the property.

In any case, being asked to ‘manage’ these properties for my buyers seemed like a perfect fit for my professional management style.  I am currently accepting applications for long term leases management for those homeowners who desire the professional property management I have provided to my commercial property owners for several years.

Call me and let’s talk about it….Bonnie Jessee 530 412 3984

CALIFORNIA REAL ESTATE NEWS

Will The Home I Buy Will Appreciate In Value?

Bonnie Jessee, Realtor

Truckee, California 530 412 3984

As a buyer’s representative my buyer’s best option is to connect with me, your Realtor and together study the area you desire to live in and do the homework to learn as much about that particular area as possible.  As your local Realtor I can provide you with an overwhelming amount of information – because I know the territory!

In some areas, homes closer to town centers and recreation areas are valued higher and appraise at a more rapid rate because of the desire of the public to shorten their commute to and from work and play (I can run a report showing the sales, listing times, properties on the market for the past several months ~ or however rapidly the local market might be changing).  It is also possible you may get a nicer and larger home for the same price, if willing to consider a longer drive to work or play and the chosen home may grow over time to become a great property buy.  Studying the town future land use map, which can be obtained at the Town of Truckee website www.TownofTruckee.com will provide useful information on Nevada and Placer County plans for the future.

The most often quoted rule is that location, location, location. Typically, you will want to make sure the house does not back to busy streets or front them for that matter.  Avoid corners and intersections.  Choose mid block or a cul-de-sac.  My suggestions are always to stay away from homes which are considered "unique” (or really means ‘strange’) unless of course they appeal to a wide range of people.

You’ll want to be sure the home has at least two bathrooms, unless you plan to remodel.  Obviously if you are buying as a second/vacation home this will be necessary for privacy!  Also, buying a smaller home in a fabulous neighborhood might provide for appreciation. You probably already know about the schools and shopping convenience, as well as potentials which might detract from the property value.  Having me as your professional Realtor to advise you is the best bet for you the buyer.  Remember, that I really want your repeat business (it’s a small town)! And as a true professional I would ever tell an untruth to you, my client and future friend.

Sometimes it is just timing that works out to provide you appreciation gains; for instance buying that home before a major surge in local market prices.  This would be related to the need to be informed about the area before purchasing the home: Your Realtor, Bonnie Jessee 530 412 3984~CALL ME.

www.welcomehometruckee.com

Lake Tahoe, California

WAITING FOR THE BOTTOM TO DROP OUT on HOME PRICES? 

Bonnie Jessee 530 412 3984

Whenever the market slows and prices decline as they sometimes do in certain areas, I have noticed some buyers are extremely tempted to wait on the bench to find that incredible bargain in terms of price, location and whatever other amenities you are searching for.

My professional advice is to not let yourself be tempted for too long!  Keep these things in mind - when prices turn, interest rates usually follow the upswing.  A home that appeared to have a bargain price and great financing can lose both those advantages as quickly as overnight.  Remember also, once the market has truly turned upward, history tells us it is likely not to descend again and if so that time period could be decades.

Also, there are considerations other than money when making that very important decision to purchase.  If you have found the home for your own future and the future of your family, risking the potential loss over a few hundred or even a few thousand dollars just isn’t worth it!

Purchasing your vacation or second home isn’t all about financial issues of course.  It means living your dreams and those of your family.  Waiting for the bottom might find you buying on the upswing! 

Please call me anytime and allow me to share our current market information with you.

Bonnie Jessee 530 412 3984

www.welcomehometruckee.com

WHY BUY NOW?  LET’S CHECK IT OUT!

What’s Donald Trump Up To These Days?

Bonnie Jessee, Realtor 530 412 3984