In This Issue


New Buyer Reaps Benefit of Short Sale and Tax Credit
November 17, 2009 12:00AM

I met Sean Johnson at the Coldwell Banker office last year & could tell he was eager to buy his first home.  He had been renting in San Francisco for many years & after crunching the numbers, Sean determined he could buy & keep his monthly payment close to what he pays in rent.  Why rent when you can buy & take advantage of the benefits of owning a home?

Sean was a savvy buyer.  He did research on the web &quickly identified a team that he wanted to work with, from home inspector to lender. He kept abreast of the government programs, interest rates & was ready to cash in on the $8,000 first-time homebuyer credit.

After writing a few offers, we finally landed the deal.  The deal, though, entailed much patience as it was a short sale.  On a short sale, the value of the home is less than the amount of the loan and the lender's approval is needed before the home can sell.  This can take months.  Sean was willing to wait it out and I was right there with him. Our offer was written in January, 2009, & Sean closed on his home in April.  

Sean fillled out the necessary paperwork to get the $8,000 tax credit.  He received his check within a few weeks after he closed on his home.  He is very happy with his condo in Napa & I am very happy to have him as part of our Napa community. 

Sean had the following comments regarding his home buying experience:

"  I felt very comfortable through the home-buying process with Ingrid's guidance.  I always felt my back was covered & that Ingrid advocated on my behalf.  Ingrid never pressured me & responded in a timely fashion. Ingrid is warm & personable and a shining star among real estate brokers."

-Sean Johnson

Contact Ingrid Owen, today, & learn how you can purchase a short sale home & take advantage of tax credits.
Phone: 707-363-2894
Email: 
iowen@ingridowen.com