What does this mean for you? If you are a first time buyer that $8000 tax credit can help off-set your closing costs. If you are a current home owner in a house that is squeezed for space, you can get a tax credit of $6500 to move into a larger house. Everyone wins here if you don’t wait too long to do this.
I happened to drive down a street that looked like no one took any pride in ownership of their homes. And, I mean NO ONE! It looked like a slum but a slum with homes worth $600,000 to $700,000 if these houses were in good shape. It got me to thinking about what must go into someones mind when they just stop taking care of their property.
If you’ve been thinking about jumping into the real estate market and think that the $8000 tax credit might be helpful don’t wait any longer because unless Congress acts now to extent it, and yes there is rumor they might, you must act now to take advantage of it. Why? This credit ends on December 1, 2009.
There is a good supply of condos and townhouses to choose from and these offer a more affordable way to get to Foster City schools. Foster City has wonderful parks, the bayside path to walk or ride your bike allowing for outdoor living almost all year round, perfect weather and easy commutes to bio-tech companies in South San Francisco or down to Silicon Valley.
Congress gave a gift to first time home buyers earlier this year. What Congress gives, Congress takes away and unless you get into a contract soon, your likelihood of getting the $8000 First Time Home Buyer’s Tax Credit will be gone. You must have the keys to your new home in hand by November 30th.
What I want to know if how important is that picture? Do you want a Virtual Tour? Do you need to see what you think the house looks like before going to that Open House? How often have you been surprised about what you see in person versus what you saw online? Let me know what you think.
It is now critical that your lender is consulted first about potential closing dates for the contract in order to set expectations for everyone involved in the agreement — that means the buyer, the seller, the lender and both Realtors representing the buyer and the seller. The minimum amount of time we need to plan on to complete the loan process is at least 30 days from the initial application.
Last week Burlingame had 80 houses for sale with a prices ranging from a low of $540,000 to a high of $3,295,000. The Median Priced home last week was $1,386,500 and this house is about 71 years old with 3 bedrooms and 2 baths. The Average Price for a house in Burlingame last week was…Read More »
I have a question for you today: Can you buy anything in San Mateo County for $200,000 that is in an area you might want to live in? The answer is, YES! Last year I wrote about a client looking to buy something for no more than $350,000 and I took on that challenge, and…Read More »
Last week Foster City has 68 condos or townhouses for sale. Wowza! And, the number is increasing. Good for the buyer, bad for the seller. Pricing is flat, good for the seller and bad for the buyer and the average number of days it’s taking to sell is going down, again good for the seller. …Read More »