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Every first Friday is Art Walk in Downtown Newberg. Join us at Bella Casa Real Estate Group and enjoy great art, great wine and great company.
This past event we enjoyed art by Phyllice Bradner and wine by Denison Cellars.
We enjoyed another wonderful Art Walk event this past Friday on August 5th. The evening was perfect; pleasant weather, beautiful art, amazing wine and great company. Thank you to all who joined us at Bella Casa Real Estate Group for the highlight of our month, Newberg’s Downtown Art Walk. Very special thanks to our artist, the very talented Myrna Anderson, and to Montinore Estate for the spectacular wine. We invite you to join us next time on Friday, September 2nd from 5 to 9 pm. You won’t be disappointed!
Once you have obtained financing for your new home, you will need to get homeowner’s insurance. There may be a few ways you can reduce the amount this expense adds to your monthly budget. So here you go; ten tips to lower your homeowner’s insurance, and one less thing you’ll have to worry about in the homebuying process.
Bella Casa Real Estate Group specializes helping sellers to sell and buyers to buy in Yamhill County and beyond! We are a co-operative brokerage with over 30 agents to help you market and sell your home or buy the home of your dreams.
The April 30th deadline is just around the corner!
In order to claim the tax credit, Home buyers must sign a purchase agreement between November 30, 2009 and April 30, 2010, and close by July 1, 2010.
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress passed legislation that grants a tax credit of up to $8,000 to first-time home buyers and $6,500 for existing homeowners who have lived in their home consecutively for 5 of the previous 8 years. (More Details Here)
Closing on your home can be stressful, but you can minimize the stress by knowing what to expect. Plus, it helps to work with good people, so choose your Realtor®, Mortgage Lender, and Title company with care. We encourage you to refer to Bella Casa’s list of Business Referrals. Also see a previous post explaining What Happens in Escrow.
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THE BUYER NORMALLY PAYS FOR:
• One-half of the escrow fee (according to contract) • Lender’s title policy premiums (ALTA) • Document preparation (if applicable) • Tax pro-ration (from date of acquisition) • Recording charges for all documents in buyer’s names • Fire insurance premium for first year • Home Warranty (according to contract) • Inspection fees (according to contract): roofing, property, geologial, termite, etc. • All new loan charges (except those required by lender for seller to pay) • Interim interest on new loan from date of funding to first payment dateTHE SELLER NORMALLY PAYS FOR:
• One-half of the escrow fee (according to contract) • Work orders such as termite inspection and work (according to contract) • Owner’s title insurance premiums • Real estate commission • Any judgments, tax liens, etc. against the seller • Any unpaid Homeowner Association dues • Home Warranty (according to contract) • Any bonds or assessments (according to contract) • Any loan fees required by buyer’s lender (according to contract) • Recording charges to clear all documents of record against seller • Payoff of all loans in seller’s name (or existing loan balance if being assumed by buyer) • Interest accrued to lender being paid off, reconveyance fees and any prepayment penaltiesArticle Source: Ticor Title 503-472-6101
829 N. Hwy 99W, McMinnville, OR 97128
This is the first post in a series about the FHA (Federal Housing Administration). In short, the FHA is an agency of the federal government that helps borrowers get amounts they qualify for, and assists lenders by reducing their risk in issuing loans. The FHA is the largest insurer of residential mortgages in the world, insuring tens of millions of properties since 1934 when it was created.
An FHA refinance mortgage or FHA loan allows for the refinance or purchase of a home with a low down payment. These loans are great for the first-time homebuyer.
View or download this brochure about the FHA
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This IRS video explains how to claim the Homebuyer Tax Credit on your 2009 or 2010 taxes, and the official paperwork you must submit.
Learn more about the Homebuyer Tax Credit, see FAQ’s and Sample Scenarios
Educating yourself on the basics of mortgage finance can save you headaches, time, and confusion, not to mention money. David Bach, best-selling personal finance author, explains mortgage basics in this 5 minute video for homebuyers.
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Click here to view Bella Casa’s list of local mortgage brokers and banks.
RISMedia Real Estate Information Systems
Start out the new year by making your home more energy efficient, and earn a $1,500 tax credit at the same time!
How is your Home’s ‘Physical Fitness?’
The “physical fitness” of your home can make the difference between soaring energy bills or comfortable savings this winter. By cutting wasteful energy use, an energy-efficient home is a strong defense against winter winds, rain, sleet, snow, and chill, while also reducing air pollution and greenhouse gas emissions and increasing national security.
Homeowners who have made energy efficient improvements to their existing homes in 2009, or who plan to do so in 2010, will want to watch this video, which details how you can reap the benefits when you file your 2009 tax return. Improvements such as adding insulation, energy efficient exterior windows and energy-efficient heating and air conditioning systems could qualify you for a $1,500 tax credit.
A similar credit was available for 2007, but was not available in 2008. Homeowners should be aware that the standards in the new law are higher than the standards for the credit that was available in 2007 for products that qualify as “energy efficient” for purposes of this tax credit.
