The Shasta Lifestyle

Redding and Shasta County CA ~ First Time Home Buyers ~ Sunset Oaks Townhomes–Located in Redding CA and offering Luxury Amenities and Affordability, Sunset Oaks Luxury Townhomes provide First Time Buyers and Investors opportunity in this real estate market. Priced attractively and offering upscale amenities this is a good buy for both First Time Home Buyers and Investors.

Located in Redding CA and offering affordability, granite counter-tops, stainless appliances, upgrades carpet and cabinets, this love townhome offers you affordability and comfort.

Two car garage with stucco exterior.

Kitchen with granite-countertops, stainless appliances and stained glass pantry.

Integrated living with beautiful kitchen amenities to entertain and enjoy every day living.

Bay window provides that spacious feeling.

Redding and Shasta County CA ~ First Time Home Buyers ~ Sunset Oaks Townhomes––View of Community and the Community Pool. Upscale and yet ease of living in this beautiful Sunset Oaks Community.

Listed at $169,900 and above.

Call for an appointment to View! 530 276-7417. I answer my phone.

Jeanean Gendron, Realtor, DRE#01299346

Visit All Active Listings for Sunset Oak Luxury Townhomes

I am Jeanean Gendron your Redding and Shasta County Specialist. You can reach me at 530 276-7417.

Jeanean’s Listings

All Active SHORT SALE Listings

All Active FORECLOSURE Listings

Redding and Shasta County Real Estate Resource

How Much Is My Home Worth ~ Search all Homes in Shasta County ~ Dream Home Finder

Search for Schools in Redding and Shasta County

Visit my main real estate website that provides you with the ability to Search the MLS and to set up an account so that you can save searches and select favorite properties. I also have many saved searches for you to take advantage of. There are saved City Searches and Community Searches. We also save Foreclosure Listings and Short Sale Listings.

Visit and learn more about The Shasta Lifestyle and the experience of living here in Shasta County.

Here are my blog sites:

Redding Real Estate Ramblings

Redding Properties and Land

Shasta Listings

Northern California Properties

California Properties and Land

New Homes Shasta County

Redding Elegant Homes

The Redding Golf Lifestyle

Owning Your First Home

Short Sale Help for Sellers

Pristine Alpine Lakes located in Trinity County, California…Beautiful County!

Northern California ~ Trinity County CA ~ Alpine Lakes–Pristine Alpine Lakes located high in the Trinity Mountains. Nestled in an Alpine Valley, this property consists of 460 +/- Acres with Four Beautiful Mountain Lakes. Totally Private with Deeded Access. Create your own Summer Retreat in the Trinity Mountains.

Northern California ~ Trinity County CA ~ Alpine Lakes–Highland Lakes offer a wilderness experience, the kind of experience only found in the the designated National Wilderness Areas.

Northern California ~ Trinity County CA ~ Alpine Lakes–With Pristine waters, clean, natural shorelines, and spectacular scenery, only no one else can come, except your invited guests. Also, you can drive to this wilderness destination.

460+/- Acres, $1,995,000

Shasta County CA ~ Sacramento Riverfront ~ Fly fishing Dream

Offered by The Tompkins Company Inc.

Call today to learn more about this beautiful and never before offered property.

References Required Upon Request

I am Jeanean Gendron and you can reach me at 530 276-7417.

I answer my phone.

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Our frogs are BIG in Shasta County! The environment is so clean and healthy that our frogs are HUGE! How huge you say? So huge that a Bull Frog ate a Cow not long ago! We pride ourselves here in Shasta County, California for growing the biggest frogs known to man. If you were a Frog, you would want to live in Shasta County, California….Froggy Country! There is just one problem here in Shasta County, our Cows are a bit nervous!

Call today and we will send you a list of homes that are available in the appropriate price range and would make excellent Redding Real Estate investments.

Visit our website at www.JRGendron.com and learn all about Redding Real Estate, Shasta County and how we can help you own your perfect home. Call today and we’ll help you get started in the process of finding that right property!

Visit www.MLSShasta.com today to view the entire Shasta MLS.

Helping you to relocate to Redding and Shasta County is our specialty and we have worked hard to provide you with the tools you need to search the entire Shasta MLS and to view all the listings in Shasta County. You will find all the tools and resources you need to learn about Redding Real Estate and Shasta County.

Call us Today and we will show you around our beautiful area. We will help you through the entire relcation process and making Redding, Shasta County your new home. You will love it here!

Luxury Homes, All MLS Listings by Price, Jeanean’s Total Real Estate Resource,

Short Sale Information

Search ALL ACTIVE SHORT SALE LISTINGS

Search ALL ACTIVE FORECLOSURE LISTINGS

I am Jeanean Gendron, your Redding and Shasta County specialist. I work for Real Estate Professionals, GMAC. I can be reached at 530 276-7417. I answer my phone. Visit our websites to learn more about Redding and Shasta County. My main website provides you with a custom MLS search capability. Owing Your First Home is for First Time Buyers and Redding Real Estate Ramblings is my company blog site. It’s all there for you! The following links will help you bookmark this site or subscribe to this blog. You will receive a confirmation email to subscribe by email.

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Land of Big Sky ~ Three Mountain Ranges and the Charm of a River Community! This land of ours, Shasta County is a haven of beauty and affordability for all lifestyles. From Nature’s Bounty of the Wild Lands, Hiking and camping to fishing and boating, we have it all. Come for a visit and see our beautiful Redding and our County of Shasta and all we offer. You will want to stay. Investigate the Shasta Lifestyle and Enjoy!

Redding and Shasta County Real Estate offer you the opportunity for affordability and a lifestyle of diverse environments.

Choices for living and working in a truly beautiful, safe and affordable real estate market are available.

Visit us today online and see how much we have to offer for your future real estate needs. Here are a few things to keep in mind when considering buying real estate in Redding and Shasta County, California.

Choose a Realtor or Real Estate Agent that is committed to a strong value-oriented business relationship with you. Finding and connecting with the right Realtor or Real Estate Agent will be the most critical aspect of your success. You will be looking for the professional Realtor or Real Estate Agents that offers you that value proposition of the highest level of service in the industry before, during and after the sale. Your Realtor will be the knowledge source in helping you understand and make the correct decisions at every level of the purchase process.

Using technology to augment your property search will be a crucial means to understanding the trending real estate market and knowing market value. As you enter into the purchasing process you will be partnering with your Realtor to identify your long term needs and goals and the delivery of a successful transaction. Technology can contribute to this process greatly and your Realtor should be committed to providing you the convenience of technology solutions that help you in your search and purchase.

Call today and we will send you a list of homes that are available in the appropriate price range and would make excellent Redding Real Estate investments.

Visit our website at www.JRGendron.com and learn all about Redding Real Estate, Shasta County and how we can help you own your perfect home. Call today and we’ll help you get started in the process of finding that right property!

Visit www.MLSShasta.com today to view the entire Shasta MLS.

Helping you to relocate to Redding and Shasta County is our specialty and we have worked hard to provide you with the tools you need to search the entire Shasta MLS and to view all the listings in Shasta County. You will find all the tools and resources you need to learn about Redding Real Estate and Shasta County.

Call us Today and we will show you around our beautiful area. We will help you through the entire relcation process and making Redding, Shasta County your new home. You will love it here!

Luxury Homes, All MLS Listings by Price, Jeanean’s Total Real Estate Resource,

Short Sale Information

Search ALL ACTIVE SHORT SALE LISTINGS

Search ALL ACTIVE FORECLOSURE LISTINGS

I am Jeanean Gendron, your Redding and Shasta County specialist. I work for Real Estate Professionals, GMAC. I can be reached at 530 276-7417. I answer my phone. Visit our websites to learn more about Redding and Shasta County. My main website provides you with a custom MLS search capability. Owing Your First Home is for First Time Buyers, New Homes GMAC (New Homes in Shasta County), The Redding Golf Lifestyle (Luxury Golf Course Homes) and Redding Real Estate Ramblings is my company blog site. It’s all there for you! The following links will help you bookmark this site or subscribe to this blog. You will receive a confirmation email to subscribe by email.

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Redding Real Estate ~ SOLD ~ Getting the Price Right!

Redding Real Estate has been in a declining market since the first part of 2006. 2007 saw foreclosures and short sales continue to affect the trending market value for our area.

Homeowners that were not able to grasp the concepts of a declining market, continued to price their homes higher than current market value and suffered the “chasing the market down” syndrome with disastrous results. Many of these homeowners now face foreclosure.

It is critical that you work with a responsible Realtor to help you price your home correctly.

It is your Realtor’s responsibility to help you and to with complete confidence represent the current trending market. With the Comparative Market Analysis and Broker’s Price Opinions, we have two good tools that can help us evaluate your property and reach the right number to help you move your home. If we do not get this price right, we have begun a long and disadvantageous process of losing value on your investment. There are a few principles that are critical to keep in mind:

• 1) In a declining market it becomes necessary to price your home just under market value.
• 2) We have the best opportunity to sell your home in the first 30 days. We will have the most opportunity and viewings in that time period. It will be important to have a goal to price right for achieving this goal.
• 3) If we do not have an offer within that first 30 days, it will be important to examine all feedback from showings and to do a reduction in price based on the specifics of the property. If we have location, presentation and marketing correctly in place, then a price reduction will be our best strategy.
• 4) Working with a Realtor who has the finger on the pulse of the market will be critical to the subtle process of determining the right price for your home. It is a mixture of analytical data and being in tune with market and selling features of your home. If your home has emotional appeal to buyers, then we factor that in to our price and marketing. It is not one thing we do to get your home sold….but all the things that come together to successfully price and market your home to a successful completion of getting it sold.

Call us today and we can help you with Listing Your Home at the Right Price!. You want to work with a Realtor who cares as much about your goals as you do. A Realtor who lives and dies with every transaction and will never give up on accomplishing your goals. You want a Realtor with staying power.

My husband and I are software developers and artists. We use 20 years of experience in the corporate world and delivering software solutions to our clients to build a sustainable business plan for our clients in real estate. We are dedicated to bringing our clients the latest tools in technology and internet marketing. We bring you the best there is in dedicated websites and showcase listings for the Buyers’ search capability. We help our sellers by offering the most pervasive marketing plan in Northern California.

Jeanean Gendron is a Realtor with Real Estate Professionals, GMAC. I specialize in helping my clients use the internet to buy and sell Redding Real Estate. I help clients with technology tools to sell homes and to help buyers find homes that fit their defined goals. Visit our websites and blog sites today and learn all about the Redding Real Estate Market and Shasta County, California. You will love it and we will love having you here! Call today, we can help you.

Visit our blogs today and get the latest real estate news and trends. I always answer my phone. 530 276-7417.

BLOGS

Redding Real Estate Ramblings

Owning Your First Home

The Redding Golf Lifestyle

New Homes Shasta County

REDDING AND SHASTA COUNTY LISTINGS

Shasta County MLS Listings by Price

ALL ACTIVE SHORT SALE LISTINGS

ALL ACTIVE FORECLOSURE LISTINGS

Redding and Shasta County’s Total Real Estate Resource

Visit these Dedicated Websites for Jeanean’s Listings

www.ForeverSunsets.com

www.13400LarkCourt.com

www.CountryClubLifestyle.com

www.ElegantVictorian.com

www.ChurnCreekHome.com

www.BungalowDelight.com

www.7058MarieLane.com

www.BassPondView.com

www.CloverCreekOakRun.com

USE THESE TOOLS TO HELP IN YOUR REAL ESTATE GOALS

How Much Is My Home Worth ~ Search all Homes in Shasta County ~ Dream Home Finder

Search for Schools in Redding and Shasta County

I am Jeanean Gendron, your Redding and Shasta County specialist. I work for Real Estate Professionals, GMAC. I can be reached at 530 276-7417. I answer my phone. Visit our websites to learn more about Redding and Shasta County. My main website provides you with a custom MLS search capability. Owing Your First Home is for First Time Buyers and Redding Real Estate Ramblings is my company blog site. It’s all there for you! The following links will help you bookmark this site or subscribe to this blog. You will receive a confirmation email to subscribe by email.

Subscribe to The Shasta Lifestyle by Email

Subscribe in a reader

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Redding Real Estate ~ The Market is Moving for Buyers!

Prices have come down and interest rates are attractive. We have down payment assistance programs that may help to get you in a home if you qualify. We have lower prices and good financing available through FHA, CalVet and VA loans. Very attractive interest rates make this a good opportunity for you to purchase your first home. We specialize in helping first-time home buyers find their perfect home. Call today and let’s get started working on finding you that “perfect” property. You really cannot afford to let this opportunity pass you by. The real estate market is more affordable and interest rates are at very attractive lows.

Buyers that understand a declining real estate market will know that the a home which is in excellent condition, in a good location and priced correctly (just under market value) will not be purchased for a low ball price. These homes are not short sales nor foreclosures and the market value remains stable within the current market . After spending time with your Realtor looking at homes you will begin to have a feel for market value and when the attractive combination of a “good buy” comes together (Price, Condition and Location). Your investment in researching the internet and your local market will help you be knowledgeable about making this very important decision. Once you have identified the area you want to purchase in, become knowledge about this specific neighborhood and the market value of the homes within the specific area.

Short Sale Opportunities–A short sale is a property that is what we call “upside down” in the market. The owner owes more money on the property than the property is worth in the current market. The short sale property will be on the market for less than market value.  This provides opportunity for Buyers in this current market. It is important to understand some important aspects of short sales for your success. A short sale is all about the numbers to the lender. They are most concerned with the bottom line amount of money that they will save or loose on the property. The formula on a short sale is typically 10% below market value. The listing agent on a short sale is looking for the Buyer to come in close to listing price. The lender will not approve the sale unless the offer is within a reasonable range of 10%. The Buyer will also be expected to purchase the property in an “AS IS” condition. They Buyer will also have higher closing costs and be required to purchase the Home Warranty. The sale is subject to the lenders approval. There is opportunity with short sales if listed properly. Working with an experienced Realtor will help you determine the investment opportunity and the market value of the opportunity.

Foreclosure Opportunities–REOs are Real Estate Owned property that have been foreclosed upon. The bank now owns the property. Typically, they will not negotiate or accept offers that are of a “low ball” nature. They will not provide disclosures and the property is generally sold in an “AS IS” condition. Foreclosures vary in terms of what opportunities they present. Working with a knowledgeable Realtor or Real Estate Agent can help you determine the market value for this specific home in it’s current condition. This will help you determine your opportunity. Your own investment in understanding the market will benefit you greatly in correctly investing in REOs. The stronger an offer the more likely the bank will negotiate. An all cash offer, will tend to move the bank on price.

To help our Buyers we list foreclosures and short sales on our websites for your convenience. You can look through the current list of foreclosures and short sales and we can discuss other “good buys” that are on the market and afford opportunity. Call today and we can talk about Redding CA Real Estate and the Great Deals that are available.

Redding Real Estate ~ The marker is Moving for Buyers in this market at this time!

WE CAN HELP! We provide you our main real estate website for all your Redding Real Estate needs. We also provide a Luxury Market website for those clients looking for Redding Luxury Homes of extraordinary elegance. We also offer the entire Shasta County MLS by Price for you view convenience and we offer for those investors and first time home buyers a website dedicated to short sale and foreclosure listings and information.

SEND FOR A RELOCATION PACKAGE TODAY. CALL AND WE’LL TELL YOU ALL ABOUT OUR AREA.

Call today for a free Comparable Market Analysis (CMA) on your home or your investment property and we can talk about Redding Real Estate.

I am Jeanean Gendron, your Redding and Shasta County specialist. I work for Real Estate Professionals, GMAC. I can be reached at 530 276-7417. I answer my phone. Visit our websites to learn more about Redding and Shasta County. My main website provides you with a custom MLS search capability. Owing Your First Home is for First Time Buyers and Redding Real Estate Ramblings is my company blog site. It’s all there for you! The following links will help you bookmark this site or subscribe to this blog. You will receive a confirmation email to subscribe by email.

Subscribe to The Shasta Lifestyle by Email

Subscribe in a reader

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I am jrgendron on Delicious
I have 5 bookmarks
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Redding Real Estate ~ Luxury Homes Are Affordable in Shasta County-–We’ve seen substantial market decline in our Luxury Home Market. We’ve always been attractively priced for the Luxury Market. We now have many affordable opportunities that await the discerning Buyer.

Come for a visit and see our beautiful country. You won’t be disappointed. Shasta County Lifestyles offer you a diverse setting to find that “perfect property” for you.  We are the Best Kept Secret in Northern California! Discover us today!

We have a wonderful and beautiful environment in Redding and Shasta County. As a river community and with diverse topography, we have wonderful settings for beautiful Luxury Homes and Waterfront properties.

We are the perfect place for that lifestyle of recreation, comfort and sophistication. Come see us soon and let us show you our sweet and charming city.

We have affordable prices on all segments of our market. We have well-priced Redding Luxury Homes that provides those beautiful custom amenities and offer the lifestyle that only Redding Luxury Homes provides.

We enjoy mountain ranges on three sides of our lovely city of Redding. Lassen to the East, Mount Shasta to the North and the western mountain ranges with the Trinity Alps to the west.

The Sacramento River snakes through our city with grace and offers the majesty of a beautiful and powerful river. The salmon are glorious and trout fishing is known to be among the best in California. We have Whiskeytown Lake and Lake Shasta nearby and many great fishing rivers including the Trinity River within 1 hours drive.

Redding Real Estate ~ Luxury Homes at affordable prices are sprinkled throughout Redding and Shasta county and the abundance of nature’s glory is waiting for you to come and enjoy. Visit us soon and we’ll show you around or visit us via the web.

Interest rates are at very attractive lows and this is a wonderful time to visit Redding and Shasta County, California to find that “perfect property”. Affordable Redding Luxury Homes and attractive interest rates make it a good time to consider relocating or “moving up”.

Redding Real Estate ~ Luxury Homes are Affordable in Shasta County!

We provide you our main real estate website for all your Redding Real Estate needs. We also provide a Luxury Market website for those clients looking for Redding Luxury Homes of extraordinary elegance. We also offer the entire Shasta County MLS by Price for you view convenience and we offer for those investors and first time home buyers a website dedicated to short sale and foreclosure listings and information.

SEND FOR A RELOCATION PACKAGE TODAY. CALL AND WE’LL TELL YOU ALL ABOUT OUR AREA.

Jeanean Gendron is a Realtor with Real Estate Professionals, GMAC. I specialize in helping my clients use the internet to buy and sell Redding Real Estate. I help clients with technology tools to sell homes and to help buyers find homes that fit their defined goals. Visit our websites and blog today and learn all about the Redding Real Estate Market and Shasta County, California. You will love it and we will love having you here! Call today, we can help you. Visit our blog today and get the latest real estate news and trends. I always answer my phone. 530 276-7417.

Shasta County MLS Listings by Price ~ Short Sale and Foreclosure Listings ~ Redding and Shasta County’s Total Real Estate Resource

Visit these websites to learn more about Redding and Shasta County Real Estate.

Jeanean Gendron, Your Redding and Shasta County Specialist

Visit these Dedicated Websites for Jeanean’s Listings

www.ForeverSunsets.com ~ www.13400LarkCourt.com ~ www.CountryClubLifestyle.com

www.ElegantVictorian.com ~ www.ChurnCreekHome.com ~ www.BungalowDelight.com

www.7058MarieLane.com ~ www.BassPondView.com ~ www.CloverCreekOakRun.com

Jeanean’s Listings Shasta MLS by Price Short Sales and Foreclosures Redding and Shasta County Real Estate Resource Luxury Homes Waterfront Homes Ranches Horse Property Golf Course Homes

How Much Is My Home Worth Search all Homes in Shasta County Dream Home Finder

Search for Schools in Redding and Shasta County

If you like what you are reading here, subscribe to my blog and you will be notified by email of new postings. You will receive a confirmation email. Click on the link to confirm your subscription.

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Market Statistics for Shasta County MLS Active Residential Listings: 1641

Active Residential Listings in Redding CA: 687

Pending Residential Sales for Shasta County:146

Pending Residential Sales for Redding, CA: 76

Closed Residential Properties for Shasta County: 153

Closed Residential Sales for Redding, CA 74

Shasta County MLS wide Median Residential Sold YTD: $230,240

Redding MLS wide Median Residential Sold YTD: $278,079

**What we saw for the month of November is falling prices and fewer buyers. Listings came down and sold listings came down. A combination of factors are causing the market to continue to slow and decline. The Wall Street fiasco and the credit concern hamper the market have slowed the market considerably. First Time Home Buyers may have more opportunity than most buyers. Foreclosures and short sales continue to be a percentage of the market that causes the effect of decline in prices. Entry level market prices remain attractive for First Time Home Buyers and Investors.

Source: MLS, Shasta Association of Realtors, figures are deemed reliable but not guaranteed.

The Shasta Lifestyle! Come discover the beauty of Redding and Shasta County.

Here are the city of Redding and Shasta County demographics and links to the many things available to the people who live The Shasta Lifestyle here in Redding and Shasta County. Enjoy!

Shasta County, Land area is 3,785.2 square miles, Density 47.4 people per square mile, versus California Density at 217.2 people per square mile. Population (2006 estimate): 179,951. House Hold Income: Median $37,696, Persons below proverty is 13.4% and Home ownership rate is 66.1%. Education: High School graduates: 83.3% of adults 25 and up. Bachelor’s degree is 16.6% of adults 25+

Shasta County: Redding, population is 90,033 (in 2000), incorporated in 1887. Average temperature in January is 55 and average July temperature is 98.

Information Links for Recreation and County and City Resources:

Shasta County: A Guide to Shasta County ~ Shasta County Parks, Trails and Open Space Plan ~ Shasta County Guide to Recreation ~ California State Parks – Shasta Cascade ~ City of Redding Information Center ~ Turtle Bay Museum ~ Redding Convention Center ~ Cascade Theatre Schreder Planetarium ~ Turtle Bay Exploration Park ~ Shasta State Historica Park ~ Sacramento River Trail/Caldwell Park ~ Sacramento River Trail Map Redding Community Services ~ Shasta County Library ~ Shasta Historical Society

I am Jeanean Gendron your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone. Visit our website to learn more about Redding and Shasta County Real Estate. Luxury Homes, All MLS Listings by Price, Jeanean’s Total Real Estate Resource, Short Sale Information and Listings.

Redding Real Estate–Buying an REO (Real Estate Owned) or foreclosure property can be an opportunity or a bad experience. If you are considering the purchase of an REO you should be aware of several aspects of how they work. The bank usually list the property with an agent that specializes in listing REOs. They are given the specifications of the listing conditions and are usually dictated to by the bank.

No one thing can be generalized about and this as all other things is not always the case. Some agents build a good relationship with the bank and can manage to operate within a range of allowance and judgement in helping the bank get the property sold. Some agent are, however not that fortunate and are bound by the conditions the bank dictates. Most buyers believe that there will be room in the price.

If the listing agent has priced it correctly, there will not be much room for negotiation. If you are an all cash buyer, then that changes somewhat. The buyer will not receive any disclosures regarding the condition of the property and the bank normally will not pay for any repairs and that includes Section 1.

Once your offer is submitted, you are normally given a counter offer that takes away most of your rights in the State of California Residential Purchase Agreement.

The California Residential Purchase Agreement is a very good document that has evolved over many years to fairly protect the buyer and the seller in a transaction to sell real estate.

Because the banks have at their disposal the legal means to construct these counter offers, they often times take away many of the built in safeguards for the Buyer. Another thing to be careful about is whether the bank will allow you to use a local title company so that you can accurately predict what your closing costs will be. They will sometimes identify a specific title company out of the area and if they do….be adamant about what your closing costs will be. The costs can be different by several thousand dollars.

Use a good Realtor and have them help you determine if the REO is going to be a good buy. Sometimes, after all the repairs have been made, you may have been better off looking for a regular resale home. Good bargains are out there in this category, as well.

I am Jeanean Gendron, your Redding and Shasta County Real Estate Specialist. You can reach me at 530 276-7417. I answer my phone. Visit our website to learn more about Redding and Shasta County Real Estate.

Redding CA, First Time Home Buyer Programs–There are a number of incentives currently to help First Time Buyers consider owning their first home. With the 2008 Housing Stimulus Legislation and the Tax Credit established for First Time Home Buyers buying between April 9, 2008 – July 1, 2009. The window of opportunity is small.

With the additional of Down Payment Assistance Programs locally supported by the Cities of Redding, Anderson and Shasta Lake and the declining market values in our local area, all these elements combine to provide attractive opportunity for First Time Buyers.

The $7,500 tax credit it available for First Time Buyers only and is defined as a Buyer who has not owned a home during the past three years. You must be a U.S. citizen. The home must be used as a principal residence.

Home Buyers who file as single or head-of-household taxpayers can claim the full $7,500 credit if their adjusted gross income (AGI) is less than $75,000. The price of the purchased property must be $75,000 or more to receive the full credit, otherwise the tax credit would be 10% of sales price.

For married couples filing jointly, the income limit doubles to $150,000. Single or head of household taxpayers who ear between $75,000 and $95,000 are eligible to receive a partial first-time home buyer tax credit.

Married couples filing jointly who earn between $150,000 and $170,000 are eligible to receive a partial first time home buyer tax credit.

The credit is not available for single taxpayers whose AGI is greater than $95,000 and married couples filing jointly with an AGI exceeding $170,000.

The tax credit is an interest-free loan that must be repaid over 15 years The minimum payment must be 15 equal annual installments. An example would be $7,500 tax credit would be $500 each year for 15 years. A Home Buyer must begin repaying the the loan two years after claiming the tax credit.

If the Home Owner sells the home for a profit and there is a remaining credit, then the homeowner is required to repay the remaining credit during the tax year of the home sale.

If you would like to learn more about owning your first home here in Redding and Shasta County, CA and taking advantage of these programs to help you own your first home, we will be offering First Time Buyer Seminars. Call for details and registration. I would also be happy to talk with you about the programs available to you.

You can also find more information at www.federalhousingtaxcredit.com or www.irs.gov . This information is provided for general awareness only and is not intended for the purpose of providing legal, accounting, tax advice of any kind. Please consult with your tax professional for complete details.

I am Jeanean Gendron, your Redding and Shasta County Specialist. You can reach me at 530 276-7417. I answer my phone. Visit our website to learn more about Redding and Shasta County Real Estate.