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!
Good Day my Wonderful Beautiful Bay Area!!…
Have you ever heard about Walk Score?… This is a trend that is finding a place in the search parameters for a growing number of homebuyers… just thought it would be of interest to you if you’re not aware of it…
Just read this article by Gil Linton and thought it was pretty insightful… It struck me that this same train of thought could be applied to how we view the business of real estate here in our beautiful cities by the San Francisco Bay … check it out..
http://tinyurl.com/yfy9onb
Your thoughts???…
As always… would love to hear back from you… I welcome your feedback… Lets Start a Dialogue!…
Save Me in your Favorites and come back and visit all the time!!…
Thanks a Bunch for your time today…
Isi Wu… the realtor for you…
Serving Clients All Over the Eastbay…
Greetings To You Today!!... Yesterday… I attended a class offered by my brokerage http://www.realtyworldnca.com… on Social Media… designed to give us insight and information on today’s technology and networking capabilities… all about the How’s, Why’s and What To Do’s and how to incorporate it all into my business… WOW what a concept!!… Help to Help Me in my work!!… Awesome… here’s my chance to go and get myself more informed… and Free… whats not to like?!?…
This class was jammed pack with information… great overview but wished we had more time for Q&A and actual instructions on the downloading of all those tools… most of these tools were brand new to me… never had anyone share these with me (thanks so much Erin…our in-house social media guru)… I was so excited and anxious to start using them ASAP!!
I wanted to download these tools while still in class… NOT… the internet connection at the venue was faulty, my own air card wasn’t working correctly… nothing I did allowed me to download a thing… was advised to wait til I got home (better connection) to download… NOT… tried and tried over and over to download… I’ve learned over the years…with much trial and error and anxiety… one must be patient, stay calm (take deep breaths) and not get aggravated when working with the computer… nothing was working out right… went to bed… woke up this morning and the very first thing I did … (even before my morning coffee) was to get on my laptop to go at it again… NOT… to avoid bothering our in-house tech guru Ron… I called my local realtor board/tech support… NOT… they couldn’t get the downloads to take… sent emails to the various sites for help… (remember that saying… if at first you don’t succeed don’t give up… keep trying… ) so I reached out to our in-house tech guru Ron… Funny thing he was at that moment working on some of the same issues I was calling about… he’ll send out update on the fixes later…
Moral to this story… there’s lots to learn, its all there for the taking, be patient, anything worthwhile will come in good time…
Have a Really Good Day All…
As always… would love to hear back from you… I welcome your feedback… Lets Start a Dialogue!…
Save Me in your Favorites and come back and visit all the time!!…
Thanks a Bunch for your time today…
Isi Wu… the realtor for you…
Serving Clients All Over the Eastbay…
Great News Everyone… the First Time Homebuyer Tax Credit due to expire the end of November has been extended and expanded!!… This is awesome… Here’s another chance to get that extra boost and get that home you’ve been wanting in one of the Beautiful Cities in the San Francisco Bay Area… Please spread the word to everyone you know who can use this extra incentive… H-E-L-P is still here!!…
- It appears that the ‘tax credit’ for $8,000, which is due to expire Nov 30th will be extended. The Wall Street Journal reports today that:
- $8,000 first time home buyer will stay til July 1, 2010.
- Existing homeowners will get a credit for up to $6500 on buying another home if you have been in your home at least five consecutive years. This does not apply to investment property.
- This is great news for the move up housing market.
As always… would love to hear back from you… I welcome your feedback… Lets Start a Dialogue!…Save Me in your Favorites and come back and visit all the time!!…
Thanks a Bunch for your time today…
Isi Wu… the realtor for you…
Serving Clients All Over the Eastbay…
Calif. Median Home Price - August 09: $292,960 (Source: C.A.R.)
Calif. Highest Median Home Price by C.A.R. region August 09: Santa Barbara So. Coast $828,750 (Source: C.A.R.)
Calif. Lowest Median Home Price by C.A.R. region August 09: High Desert $111,770 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index – Second Quarter 2009: 67 percent (Source: C.A.R.)
Mortgage Rates – week ending 10/01/09 30-yr. fixed: 4.94% Fees/points: 0.7% 15-yr. fixed: 4.36% Fees/points: 0.6% 1-yr. adjustable: 4.49% Fees/points: 0.5% (Source: Freddie Mac)
“Thank you very much for helping and being patient. I would like to talk to you in person or on the phone since I got a good feeling about you in many ways. I would like to share with you a little bit about me…”
In this age of technology and education offered on all the different ways to use the www to help you in your quest for information and building business…The comments above were sent to me directly as a result of using the internet… It is the ultimate to receive feedback such as the aforementioned!!… and it is a great lesson learned as to how we all can use the internet for our benefit. You can bet your bottom dollar I would never ever disregard this message and will make certain that I cherish and use it to stay in constant contact with this “New” client!!…
In an effort to use as much technology to communicate and be communicated with… we have to invest time and care with what we do… at least thats the way I choose to work… its always been about “treat others as you want to be treated” kind of philosophy with me. Instead of talking or sharing thoughts and facts related to real estate… Today… I wanted to share this with you… I think its just as relevant to all of us in how we conduct ourselves in our everyday lives. I cant think of anything more rewarding than to receive positive feedback from someone you’ve never met which then opens up a whole platform of exchanges with that person and others.
I wish you all a thoughtful, invigorating day!
1. The American Recovery and Reinvestment Act of 2009 authorizes a tax credit-set to expire in the fall-of up to $8,000 for qualified first-time homebuyers purchasing a principal residence.
2. Builder incentives are aplenty; from including upgraded features to generous financing assistance (keep an updated list handy!)
3. Your chance to move into the school district or neighborhood of your choice has never been better than now.
4. You can take advantage of historically low interest rates on mortgages. Today’s rates are some of the lowest seen in the past (30) years.
5. You have lots of inventory to choose from – take your pick from single family homes, condominiums, garden homes, gated communities, upscale homes, homes on the golf course, and many others.
6. If you are currently renting, a mortgage payment could be lower than your monthly rent, plus you could be building up equity and getting a tax deduction in the process.
For all you buyers in Northern Calfornia who want to purchase a Bank Owned or Short Sale property:
1. Please do not believe what you hear or read from the Media.
2. Please listen to the advice of your Realtor.
3. Please believe us when we say the lenders are not willing to give away the properties.
4. Please understand that that the lenders are taking anywhere from 30 to 50 per cent loss on the home.
5. Please understand for the most part the lenders will not take less than listed price.
6. Please understand that when the property is in great condition and in a good location that the there will be multiple offers.
7. Please understand that when there are multiple offers, you need to offer more than listed price.
8. Please understand that real estate in the long run has always gone up in value.
9. Please understand that interest rates will not remain low forever and now is the right time to buy.
10. AND finally, Please understand that there are not any deals!… The deals are here right now!… Homes are ON SALE right now!!!
