Newman, CA – SCM Homes of California reports they have only four immediate move in homes remaining at Sherman Ranch. Priced from $144,900, these homes represent the last opportunity to be eligible for the $8,000 Federal tax credit, which expires in June of 2010.
“These last remaining homes represent an unbelievable opportunity for the homebuyers who take advantage of it,” commented Steve Mothersell, president and CEO of SCM Homes of California. “Homebuyers need to act very quickly to be in contract by April 30th and close by the deadline and receive the tax credit.”
Sales have been steady for the past 12 months, which can attributed to a variety of factors including historically low prices, low interest rates, and a boost in buyer confidence, according to Mothersell. “The State and Federal tax credits helped quite a bit, but the market has bottomed and homebuyers are coming off the fence. We will likely have new starts and price increases very soon.”
The builder also reports many homebuyers have been frustrated with the condition, lengthy wait and approval process of buying a foreclosed home and have turned to new homes for their purchase.
“Our new homes are just that – new. And they come with a customer service team and a warranty. Most foreclosures have been sitting vacant for quite awhile and are in total despair and many have been vandalized. Homebuyers like the ease and peace of mind of buying a new home.”
SCM Homes has numerous plans to choose from at Sherman Ranch, starting at just over $100,000. All homes represent the most state-of-the-art features, green building and energy efficiency available in today’s new home marketplace.
Sherman Ranch is a desirable planned community in Newman, arguably the best neighborhood on the West side of the valley. At the heart of Sherman Ranch is a beautiful 10-acre community park, which features a soccer field, tot lot, barbecues, covered picnic area and a facility for serving refreshments that can be reserved through the City of Newman.
All homes within the Sherman Ranch community, enjoy the unusual benefit of no Mello Roos fees. Nearly all new homes in the surrounding areas such as Patterson and Tracy come with the added cost of a monthly Mello-Roos, which is an added assessment or tax that most new home buyers in California are required to pay.
Mothersell said, “This is the last chance for home buyers to purchase a home on the west side of the Central Valley that does not have added assessments. The monthly fees can add up to hundreds of dollars. At Sherman Ranch, homebuyers’ dollars go much further and can buy more home compared to other nearby new home communities.”
Situated just off Interstate 5, Sherman Ranch is a commuter-friendly location which offers an idyllic country setting amidst orchards and farmland, yet is very close to Tracy which offers numerous large shopping centers as well as the Tracy mall. Homebuyers with children will appreciate the highly regarded local Newman schools. The area is also a convenient commute via the ACE train or numerous commute routes to many of the tri-valley employment centers including Bishop Ranch, Hacienda Business Park, and Lawrence Livermore Lab.
To visit Sherman Ranch, from Interstate 5 take the Newman Exit east to Highway 33, turn right on Highway 33, left on Sherman Parkway, then right on Cinammon Teal. From the south San Jose areas, take Highway 152 east to Highway 33 north to Newman. Please call (209) 862-9462 or visit www.scmhomes.com for additional details.