First Time Home Buyers – Cashing In!
Posted by Harold Penner on Friday, July 16th, 2010 at 4:03pm.Originally Published September 2009 --
Tax Credit Deadline Approaching!
The clock is ticking and the rush is on for first time home buyers to cash in on the $8000 federal tax credit. They must close escrow by November 30, 2009. With escrows typically lasting a minimum of 30 days, the next few weeks are critical for anyone interested in squeaking in before the deadline!
Here are a few of our recent clients that took advantage of these credits to buy their very first home!
Mike Bone
“I wasn’t even thinking about house hunting until I heard about that $8,000 tax credit,” remarked first time home buyer Mike Bone. He had heard that Harold Penner was an agent with the connections and knowledge to get people into homes fast and thought he would see what was out there. Initially interested in only the 93710 and 93726 area but discouraged by having only fixer-uppers in his price range, the Penner Team steered Mike towards a Cambridge built home in Northwest Fresno near Polk and Herndon.
“I absolutely love the home and the neighborhood. It’s hard to believe that this is all mine,” says Mike. Still at a loss with how to fill 1,600 square feet of space, this bachelor is looking forward to spending some of that $8,000 on home improvement projects this winter.
Mike Bone relaxing at home in his kitchen!
The Downs Family
Brian Downs, a local Fresno firefighter, and his family were on the hunt for months to find the perfect first home. In addition to Brian and Yvonne’s three kids, they are committed to opening their home to invest in the lives of college students. The addition of these boarders/adopted family members meant that plenty of bedrooms were required! They also wanted to keep their kids in Clovis school district and were interested in having a pool. 
After being outbid on a few foreclosures, the Penner Team led them to 2,468 square foot home with a pool near Shepherd and Chestnut that was a perfect fit! “Working with Harold and his son Jesse was wonderful and we know we would have never found this place without them,” said Brian. Even better, the Downs were one of the lucky few in which the wait for an offer on a “short sale” was actually short! “After waiting so many years to buy, it is amazing to be able to own something like this,” remarks Brian.
Enjoy the latest family photo of this lively bunch!
AUGUST 2009 MARKET STATISTICS* - Fresno and Madera Counties
- Average Price of Sold Homes in August '08 vs. '09 - $213,590 vs. $176,874 (17% Decrease)
- Sold Homes in August '08 vs. '09 -779 vs. 829 (6% Increase)
- # of Foreclosures and Pre-Foreclosures Sold in August '08 vs. '09 - 453 vs. 601 (33% Increase)
- Avg. Loan Percentage Rate in September 2009 – 5.00% (30 Year Fixed)
*Unless otherwise indicated, all stats are based on residential sales in Fresno and Madera counties.
FEATURED LISTING
2676 E. Muncie Ave., Fresno, CA 93723
- $274,000
- 3 Bedrooms
- 2 Bathrooms
- 1,858 sq. ft.
Three Car Garage! Granville home featuring three bedrooms including spacious master suite sitting room. Upgraded options include tile flooring, upgraded carpet and fully landscaped backyard with covered patio. Located in the new Clovis North High School area. Neutral and attractive decor throughout this seller owned home make it ideal for move in. Come see today!
PENNER TEAM NEWS!
Family Vacation!
This picture was chosen for two reasons this month! First,
it’s proof of our first successful family vacation in a few years in which all members were able to attend! The logistics of working together in a family business plus having busy schedules always presents a challenge when trying to plan a getaway. But, here is photographic evidence of a fabulous long weekend enjoying the weather and sights of Carmel, CA.
Now, the second reason for highlighting this particular picture is to acknowledge the ingenuity of the photographer, Ms. Allie Penner! This picture was taken by automatic timer while being precariously perched on an old classroom desk on a bumpy dirt hill. That is the level of commitment the Penner family has to good pictures! Took a few tries, some mad dashes back to the tree and some balancing acts, but hey, it’s worth it for a family picture right??
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