Hellllloooo My Beautiful Wonderful Bay Area… With all the terrible devastations left by fires, hurricanes, heavy rains, earthquakes… etc… it brings to the forefront what we really need to do and the importance of carrying insurance!!
Here’s a quick checklist of what YOU SHOULD KNOW is in your policy…
KNOW how much fire, theft, wind and explosion coverage you have… most standard policies DONT include earthquake, flood or landslide… DO MAKE A DECISION whether you should carry some or not…
BE SURE TO GET… Replacement Coverage to rebuild your home at Today’s Cost/s… DO GET FULL Replacement Value at Today’s Cost.
MAKE THE TIME TO INVENTORY Everything in your home… either with a camera or video… go room by room open your closet doors, open your drawers, open your cupboards… take shots of everything… DO NOT KEEP AT YOUR HOME… Store this away from your home somewhere…
OR… check out “knowyourstuff.org” …
Be Pro-Active… take care of your home and belongings… I really really would hate for you to lose your stuff and not have any help.
Thanks for checking in…
Isi
Isi Wu… the realtor for you
Servings Clients All Over the Eastbay…
Hellllooooo My Beautiful Wonderful Bay Area… How are you all doing?… Today I’d like to bring up Friend-Friends-Friendship… over the course of our lives… there are many many people that cross our paths, some touch our lives in the most unexpected ways… some we only know for a very brief period of time… I was very blessed and fortunate to meet a woman of great warmth, care and stature but for a very brief period of time… we were only beginning to grow our friendship… this wonderful person Brigitte who always had nothing but warm loving words to share… had a very sudden illness which went into an equally sudden terminal status… was taken from her loving family and all who were touched by her in so many different ways… Brigitte was my Friend… I will miss her dearly… people who exude the warmth, care and friendship she did is sooooo rare these days… she’s someone I will keep in my heart and thoughts forever… I hope you’re blessed with a Friend like Brigitte sometime in your lifetime…
Her loving Husband Steve told me she wept when she received her first bouquet of flowers from him… not because she didnt like them… she had never received flowers from anyone before… from then on he sent her flowers every Friday no matter what… that was the beginning of their weekend together every Friday… What I failed to remind him is that Brigitte will always be his bouquet of flowers… and what a bouquet she was… Cheers Brigitte!!
Thanks for checking in…
Isi Wu…the realtor for you…
Serving clients all over the Eastbay…
Hellloooo My Wonderful Beautiful Bay Area!!… How many of you have gone through the home buying process and gone to the title company to sign off your loan documents and actually experienced waiting the day or two before your home finally became officially yours??… For those of you who have never gone through the process here’s a glimpse of what actually happens when you go to sign off your closing documents just prior to your home loan funding and recording at the County Recorder’s Office and getting your keys to your new home!… the following video is an actual signing for one of my clients (who happens to be just 23 years of age, who purchased her first home without any financial help from her parents… (I want to make clear that this example is one that is happening much more frequently than ever before … and I want to emphasize that anyone I mean anyone no matter how young or old can achieve homeownership if the desire is there…)
I hope this will enlighten you and give you extra insight as to what happens towards the end of a transaction in escrow… By all means please feel free to contact me with any questions you may have… it will be my pleasure to assist you…
Maddi is now a very happy and proud homeowner and I’m very honored to have represented her!…
Thanks for checking in…
Isi
Isi Wu… the realtor for you
Serving Clients All Over the Eastbay…
Hellooooo My Wonderful, Beautiful Bay Area!!… Please take a few minutes to preview this Darling Bungalow in San Jose, CA… Located in the Central District near everything in Downtown San Jose… Perfect little home in a nice single family home neighborhood… for 1st x homebuyer/s, empty nesting, spacious private backyard, huge tandem driveway,beautiful floors, new roof, new dual pane windows throughout, new gas heater, appliances, ceiling fans, upgraded bath, inside laundry room… Just Move Right In!!… Put on your thinking caps this one is a real little gem…Get it while you can!!… This one is NOT a Short Sale is Not an REO… its a straight sale… Response time will be fast…
Thanks for checking in… Cheers!!…
Isi
Isi Wu… the realtor for you
Serving Clients All Over the Eastbay…
Hello My Beautiful, Wonderful Bay Area!… Today …Isi’s Fav Spots is highlighting a fun place to go have food and drinks and general merriment… Another one of those places in the Eastbay thats been around for a long time and enjoys a clientele made up of old timers – new timers and once in awhile timers… but always a great place to enjoy some food and drinks and friends or do business… hope you’ll put it on the calendar to go try it out … its a nice place…
http://www.youtube.com/watch?v=ZwQz1I9MQLw
Cheers!.. Thanks for checking in…
Isi
Isi Wu
Serving Clients All Over the Eastbay…
Hellooooo My Beautiful Wonderful Bay Area… just had to share this with you… “the greatest glory in living… lies not in never falling… but in rising everytime we fall.” ~ Nelson Mandela
Hello My Beautiful Wonderful Awesome Bay Area!!… I dont know if you’ve noticed… have been attempting to use a portable handy dandy video camera to share my favorite spots with you… we have in our gorgeous bay area so many places to enjoy… from now on as I share them with you… they will be categorized as “Isi’s Favorite Spots by the Bay”... Please pardon my commentary or lack thereof… as I dont prepare a script but rather speak off the top of my head as I’m filming… Today I’d like to bring to your attention “4th Street in Berkeley“
http://www.youtube.com/watch?v=37dkqA572LI
Hellooooo My Beautiful Wonderful Bay Area!!… Happy Day to You!!… You may or may not have heard… but its Happy Hallelujah Day for all First Time Homebuyers who have ratified contracts in place as of April 30, 2010!!… As of last nite the Senate passed the bill and the House of Representatives passed the same bill earlier this week to EXTEND the closing deadline for Homebuyer Tax Credit Eligibility from June 30, 2010 to the new date of September 30, 2010… The bill now goes to the President for his signature..
To be clear… the extension applies only to transactions with ratified contracts by April 30, 2010 that have not yet closed? (Nearly 180,000 homebuyers would have missed out on the tax credit had Congress not taken action to extend the deadline to close escrow… Estimates from the National Association of Realtors show as many as 17,700 home buyers in California would not have received the tax credit without this extension…)
Will keep you posted… Thanks for checking in…
Cheers Everyone!…
Isi
Isi Wu… the realtor for you…
Serving Clients All Over the Eastbay!
Hello My Beautiful Wonderful Bay Area!! Happy Sunday to you… Summer is here, the sun is out, the days are longer, the kids are out of school, lots of great activities swirling all around our Beautiful Bay Area… and the nagging question remains… just what are you going to do with that old frig… its old and ugly, but still works but its costing you up to $100 or more a year for electricity… what to do… what to do… there’s plenty of folks not happy with PG&E‘s “smart meter“.. in fact there’s quite an uproar going on currently about the effectiveness of this program… I’m sure it will get ironed out in some way in the not too distant future… HOWEVER… did you know PG&E has an “appliance recycling program”?… They will actually come and pick up your old refrigerator for FREE, Recycle it and PAY YOU $35.00… if you recycle an old air conditioner at the same time you’ll receive an extra $25.00… Find out more and Schedule a Pick Up at…
http://bit.ly/c8jIjy
Sounds like this will not only help you, but help the environment and help someone else as well… whats not to like??… Go ahead be kind and nice… Make Someone’s Day… share this info with your family, friends and neighbors…
Happy Sunday & Cheers Everyone…
Thanks for checking in…
Isi
Isi Wu… the realtor for you
Serving Clients All Over the Eastbay!
Greetings My Wonderful Beautiful Bay Area!!… Today I want to revisit what can happen to you if you enter into a Short Sale or if the Bank Forecloses on your property and sells it.
There is NO FREE LUNCH when it comes to the IRS… whenever your home is sold… whether by regular conventional means or if you sold your home at a loss and you paid the difference or by short sale approved by the Bank or involuntarily by foreclosure… be warned you may be subject to taxes!
It doesn’t seem fair and what’s worse… you may not even find out that you owe taxes until the day you open your mail and find a 1099.
The IRS has tax rules for foreclosures or repossessions by lenders of homes belonging to owners who have fallen behind on their mortgage payments. There can be severe and unexpected tax consequences for any owner who simply walks away just because he or she has little or no equity and the lender takes over and sells the property. When a mortgaged property is foreclosed or repossessed and the bank re-acquires it or the bank knows the owner abandoned the property… the bank will send Form 1099 to the owner and the IRS… it will include the foreclosed bid price, the actual debt (loan) amount and the amount short of the debt amount… that amount will be taxed as ordinary income… the same as for your salary.
Sellers of residences acquired within the past two years or so are going to incur losses. Even assuming no price declines, losses will result because of expenses for real estate brokers, lawyers and the like. Sellers will not be able to deduct those losses… it makes no difference that they are forced to sell because of ie)… job changes or health reasons.
** There’s also information floating around that Banks where distressed properties have overtaken the area in certain markets…are taking steps where even after they approve and close a property for short sale… they will be actively tracking the owner of that short saled property over the next 6 years… during that time if their credit rating goes up and if they attempt to purchase another home they will be pursuing them for the “short amount” they lost when they approved that person’s short sale 6 years prior… This bit of information is not fact – as of yet here in California… yet people… Everyone please do everything you can to protect yourselves BEFORE A FORECLOSURE OR SELLING… PLAN AHEAD… especially before attempting to sell on a short sale or going through a foreclosure… please get legal and tax advice… do the planning BEFORE ITS TOO LATE!!…
Thanks for checking in…
Isi
Isi Wu… the realtor for you
Serving Clients All Over the Eastbay!
