Temecula, CA

Did you know, this weekend is the 3rd Annual Harvest Festival & Grape Stomp in Temecula, CA.

To get into wine country, simply get off the 15 at Rancho California, turn your headlights East and start driving, after a few miles you will pass Vintage hill on your right and Chardonnay hill on your left (if that gives you any clues as to where you are going), when you pass Butterfield Stage Rd, you will see the entrance to Wine Country - Keep going and the Wineries literally start popping up all over.

Most all the wineries that I know of are participating. Expect to make reservations as they tend to be packed for this opportunity to get your feet dirty (or to walk in wine if you so desire), grape stomping is a big part of the festival and this can be quite entertaining.

For more info, check out the winecountry web site here: http://www.temecula.winecountry.com/special_interest/current_events/sep.html

Enjoy, and say hello when you go by.

Terkel

We, meaning us real estate agents, keep waiting for those bank-owned properties to hit the market, so we have more choices to show our buyers. We wait, and wait and wait. The word is they're coming. We've been hearing that since last January. Right?

I hear from my real estate sources that the auction dates are being pushed back on foreclosures. I know in some of the areas I farm, there have been vacant homes for over a year. When I research them, I discover a mortgage, but not even a notice of default having been filed. What's going on? This phenomena seems to be national, not just local.

Here's an article that may shed some light.

Great News.... $8000 Tax credit Extended until April.




Just waiting on Presidents signature and then it is a done deal. .
Great New.... $8000 Tax Credit Extended. If you want the $8000 tax credit, You must have signed purchase contract by April 30th and must close no later than June 30th. That is great news for all those trying find their home and are not in escrow yet.

Also a reduced credit for $6500 for new home buyers that have owned their own home for at least 5 years.

Great news for anyone wanting to take advantage of free money to help you along.

News Flash

The bill passed the U.S. Senate late yesterday and now will go to President Obama for his signature, where it is expected to be signed this week.

The tax credit will be extended through April 30, 2010, with a 60-day extension if a binding contract is in place prior to the deadline. First-time home buyers will continue to receive a tax credit of up to $8,000, while existing homeowners will receive a credit of up to $6,500. Existing homeowners will be eligible for the $6,500 if they have lived in their current residences for at least five years. The bill also will increase the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000.

Under additional provisions in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The bill maintains the provision that home buyers do not have to repay the credit, provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order.

For weeks, the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R and its members have urged

Congress and the U.S. Senate to extend and expand this crucial piece of legislation

If your not a buyer in this market and have a home you need sold.
Email or call me about my FREE short sale service.

This is very exciting, in response to many requests I am preparing to offer my Elite buyer program to clients who are seriously interested in buying a property and taking advantage of the good market.

Keep in mind that this program is limited to 10 buyers at any given time, so don't wait if you want to buy now - on the other hand, if you like writing offers... Feel free to carry on.

Essentially, the elite program is reserved for very serious buyers who meet certain criteria, as part of the program, I will show you how to make an offer that will get accepted. I recently put a client into contract in his first offer, and it was not that hard, you can get your next offer accepted too.
I have written winning bids on bank owned properties in French Valley Murrieta, in West Murrieta, Temecula and many other parts of the greater Temecula Valley.

To see if you qualify, call me today for more information at (951) 805-0773

You can also sign up on the web site at http://www.terkelsorensen.com, make sure you put a note in that you want to be in the Elite Buyer Group and I will get right back to you.
As you may be aware, video is down at the moment, but once it is back, I will explain in more detail.