Brayton's Big Bear Blog

Why We Love Big Bear, And You Will Too!

Big Bear Real Estate Update - Tax Credit Extension

 

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.

Nationwide, more than 1.4 million first-time home buyers were given the opportunity to become homeowners as a result of the Federal Tax Credit for First-time Home Buyers.  According to C.A.R. research, nearly 40 percent of first-time home buyers surveyed said they would not have purchased a home without the federal tax credit, and approximately 70 percent said the tax credit was "the most important" or a "very important" factor in their decision to buy a home.

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Do you believe in ghosts?

48-860139910The following is a story written by Lorraine Little, a bartender at Captain's Anchorage in Big Bear Lake.

Do you believe in Ghost's? Spend some time at the Captain's Anchorage, formerly Andy Devine's Sportsman's Tavern, and you just might. In the 'forties and 'fifties, illegal gambling was a popular pasttime, and it could be found here. Legend has it the the bookkeeper for this activity was a man named George. (A photograph of George and friends is in the bar.) It is said that George was embezzling money. Here there are two theories: a despondent George either committed suicide in the upstairs office, now Captain's Quarters, fearing the consequences of being caught, or he was murdered - by whom, no one knows. As to the Anchorage being haunted, one opinion is that employees are making this up. However, a lot of these hauntings occur when customers are watching, such as the December night the Crown Royal bottle imploded, the night the Andy Devine Room sign in the bar began swinging, the times a beer bottle would fling out of the display, the heavy footfalls in an empty upstairs, and the things that happened when Loren and Kathleen from the Big Bear Magazine would come in, arriving after hours to gather material for an article. The last time they were in, they brought a psychic with them. This psychic said she felt four spirits , one of the a woman. Curiously, about twenty-five years ago, an employee, the first one in that day, experienced this. She unlocked the door, turned off the alarm, went out to the bar to get a soda pop, and was startled to see a woman seated at a table by the stairs. The expressionless woman gave no response to the employees query, "May I help you?" The employee then ran out of the building, not to return until later when otheremployees arrived. (The apparition had departed)> A few years ago, one of the girls who works here saw another apparition, this one a man, walking over by the porthole door. Most people would accept the story if they were here for an incident, Not all, though. When the Crown Royal bottle blew up, two of the witnesses thought it was rigged, to "prove" the place is haunted. People frequently take pictures here. Ribbon-like objects, orbs, even a raging fire have been manifested in these photos. Draw your own conclusions. Though there are sometimes long spells without any hauntings, you just might be here when "he's back!"

Stop by and say hello to Lorraine, she has some interesting photos to share. 

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September Sold's For Big Bear Real Estate

So here is what September looks like when compared to July and August for residential properties

# of listings sold
July 87 (30 are bank owned)
August 76 (25 are bank owned) 
September 94 (34 are bank owned)

Average Selling Price per Sq. Ft.
July $168.30
August $167.99
September $155.67

Average Number of Days on Market (How many days until accepted contract)
July 133
August 127
September 111

Average percentage of sold price compared to list price
July 95%
August 94%
September 96%

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November Events for Big Bear

CATS presents: "A Christmas Carol"
11-13  Also November 14,15,18,20,21,22,24,27,28 and 29
Featuring the CATS Kids!

Greenthumbs Forest Planting Day at the Discovery Center
11-14

Santa's Grand Entrance and Tree Lighting Ceremony
11-27
Ring in the start of the holiday season with Santa and the lighting of the Big Bear Christmas Tree.

Mountain Christmas Boutique!
11-27 
Also November 28 and November29
Let the shopping season begin!

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WD-40®, Who Knew?

On my internet travels this morning, I came across the website for WD-40® and found a .pdf showing "2,000+ uses for WD-40®" and thought I would share with everyone. I think this is one for "home ownership tips"

click here for 2,000+ uses for WD-40®

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