Peter Tamura's Blog

This is the new wrinkle added to the previous tax credit and it's a huge opportunity.  I can't add anything to this blog, it's well written and clear so I'll just reblog it.With the signing of the Extended Home Buyer Tax Credit existing homeowners may now qualify for a $6500 Tax Credit.  This new...

If you would like to buy a REO or short sale home but don't have the funds to get repairs done prior to close, then the 203K rehab loan may be for you! Here are some of my notes on how things went with my buyer who used a 203K loan, it's supposed to close on Friday.  I am not an expert, I'm going...

We just sold our townhouse in Fremont, CA and it was a little bit interesting how things worked out. We staged the home and had bathroom updates recently and a new tile roof so it showed fairly well.  After a week and a half on the market we got an offer $9,000 above the asking price which we wer...

I just got off the phone with our property manager, Vicki Berg, she manages about two hundred properties in Jenks and Tulsa.  www.VickiBerg.com It seems reasonable to assume that a lot of renters that can buy a home these days would do so between the first time homebuyer tax credit and the record...

We have a short sale listing that we have had an offer on and are waiting for a response from the bank.  The offer is somewhat low but the buyer has been waiting for the bank to make a decision.  During this time, the property shows as contingent in our Tulsa MLS. Lo and behold, we have just rece...

We met with our clients for inspections in a home in Owasso, they had mentioned to me that some of their friends had wondered why they were investing in inspections on a new home. The EMP inspector (electrical, mechanical & plumbing) discovered a leak in the shower pan that was leaking water into...

A precautionary tale that with some hopefully nuggets of wisdom at the end.  Our seller is a hands on kind of guy that picks out his own pool service company.  He has already moved out of town and is handling things remotely.  I don't know how he picked out this particular pool person but it wasn...

For those that are thinking about buying a home and taking advantage of the $8,000 tax credit, the window for this current tax credit is closing, the home purchase must close before December 1st, 2009. Now this brings up several issues. 1.  Will Congress extend/renew this tax credit?  This will d...

As I check my clients from last year, I notice that about a quarter of them have not filed for Homeowner's Exemption.  After the close of your purchase, within a couple of weeks your deed will be executed and filed at the County Clerk's office.  You are now ready to file for your Homestead Exempt...

Peter Tamura recently completed the Certified Distressed Property Expert Designation and training and has pledged to help homeowners struggling with payments to make good informed decisions and move forward with their lives. "The thing that was shocking to me was the knowledge that as many as sev...