Friday,April 02,2010
Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits. To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, 2010, and close escrow between May 1, 2010 and June 30, 2010, inclusive.
Buyers who are not first-time homebuyers may use the same time frames to receive up to $16,500 in combined tax credits if they are long-time residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law.
Under the federal law slated to soon expire, a first-time homebuyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010.
Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied. The new California law applies to certain purchases that close escrow on or after May 1, 2010 (see Cal. Rev. & Tax Code section 17059.1(a)(4)). California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)). Other terms and restrictions apply to both tax credits. (Source by California Association of Realtors)
Friday,March 19,2010
Tucked along one of TerraBay’s most exclusive and premium cul-de-sacs, this tastefully upgraded Parkridge Circle home brings you a sense of exclusivity and privacy. With amazing bay, city and mountain views, this 4bd/2.5ba home offers a family friendly open floor plan, professionally landscaped backyard and a bright and private setting. This home is ready for you and your loved ones to start making lasting memories.
See Virtual Tour Here
Private and sought after location within Terrabay community
Stunning bay, city and mountain views
Walk-in closet in master suite
Formal living room offers abundant natural lighting
Family room with wood burning fireplace
Gourmet kitchen with breakfast nook
Custom plantation shutters through out
Central vacuum system
Laundry room offers high-end washer, dryer and plenty of cabinets
Professionally landscaped yard with waterfall, pond, walking paths & arbors
Additional storage space on side of the house
67-inch Full HD 1080P Samsung flat screen TV included
Questions? Call today at 650.400.9818 or send me an email!
Wednesday,March 17,2010
Tranquility, peace and harmony say all about this exceptionally updated 3BD/2BA home in San Carlos . Freely flowing and inviting, this home is laid out to suit any lifestyle. Located in a secluded cul-de-sac, it offers breathtaking pano bay and city light views, lavish and light-filled environment, generous floor plan, excellent move-in condition and an enormous amount of privacy.
Breathtaking panoramic views
Secluded location with great privacy
Radiant heated floor in master bathroom
Formal living room with gas log fireplace
Separate family room with wood burning fireplace
Formal dining room
Breakfast nook off kitchen
Remodeled kitchen
Hardwood floor
Laundry room offers high-end washer and dryer
Huge crawl space for extra storage space
Mature landscaping, brick patio, and integrated irrigation system
Close to downtown, parks and freeway 280
If you are looking for a luxury home with awesome views in San Mateo, Belmont, San Carlos, Burlingame, Millbrae and Hillsborough, contact Faye today (650) 400-9818 for your special real estate needs.
Tuesday,March 09,2010
Real estate is not only local, it's also global. To understand the future, let's start by looking at trends in other parts of our nation and world. Certainly we are in a time of flux and economic challenges. Yet owning property continues to prove to be a wise investment.
The news that interest rates will remain low from U.S. Federal Reserve Chairman, Ben Bernanke, has had a positive impact. The Wall Street Journal recently reported that "access to liquidity for property developers and the fact that the U.S. is keeping interest rates low are helping to improve sentiment." There has been a positive, subtle shift in the global markets. Major Asian real estate groups are showing gains of 2.7 to 5.5%.
In the United States, existing home sales, including single-family, townhomes, condos and co-ops, were at 5.05 million units in January. This represents a rise of 11.5% above the 4.53 million–unit level in January 2009. The total available inventory for housing nationwide fell to a 7.8-month supply, down 9.6% from last year.
On a local level, activity is picking up. With the stimulus of the tax credits and lower available inventory, values are beginning to settle. In some cases, we are even seeing multiple offers for well-priced listings. Today's affordable housing prices are tempting to buyers looking for a wise investment.
OUR TOWN
Green building is here to stay. But if you're looking to buy green, beware - there are a lot of conflicting claims and options out there. That's one of the reasons why the Leadership in Energy and Environmental Design (LEED) is emerging as the “recognized standard for measuring building sustainability,” according to the Natural Resources Defense Council. A LEED certification recognizes that a construction project or building uses environmentally friendly building practices. You can find out more by visiting www.nrdc.org.
FYI
New laws are being enacted regarding lead paint. Beginning April 22, the Environmental Protection Agency will require contractors working on homes built before 1979 to be certified in preventing lead contamination. This newest effort could end up costing the consumer money and the contractor time. The certification itself costs money and so will the materials needed to prevent spreading lead throughout the home.
According to one federal health official, a large percentage of US homes could be affected. Yet health officials say that, especially in homes with children, it’s well worth the investment.
To find out more, check out one of these websites:
www.builderonline.com
www.housingzone.com
If you are looking for an experienced real estate agent in San Francisco Bay area, please make sure to contact Fay e at 650.400.9818.
Tuesday,February 23,2010
Resort living at its BEST!!
•2 bedrooms & 2 bathrooms, including one master suite
• Sumptuous remodeled kitchen with new cabinets, granite countertop and stainless steel appliances
• Remodeled master bathroom with granite countertop and double-sink vanity
• Built-in work station in master bedroom
• Brand new plush carpet & new paint throughout
• Ethernet CAT 5 and TV coaxial cables in all rooms
• Built-in closet organizers in bedrooms
• 2 deeded parking spaces
• Secure building with intercom
• Extra storage & private balcony
• Multiple pools, tennis courts, spa, gym, club house and more
Call Faye today at 650.400.9818 for more property details. If you are looking for an experienced realtor to work with in the county of San Mateo, contact Faye !
Friday,February 19,2010
This sun-drenched top floor San Mateo home features sophisticated and classy remodel throughout. From its sumptuous gourmet kitchen to charming living room to cozy bedroom to remodeled bathroom, this home offers you comfort, love and a tranquil place for relaxation.
Are you looking to buy or sell homes in San Mate County and looking for an experienced real estate agent to work with? Call Faye today at 650.400.9818 for a free market analysis or market update.
Tuesday,February 16,2010
Top floor unit with NO common walls! If you are looking for a bright and cheerful home in San Mateo, this is it for you!
Shine and privacy are the best descriptions for this home. Remodeled 2-bedroom and 1-bathroom home features brand new kitchen with elegant countertop and cabinets, marble fireplace, new bathroom and new paint and carpet throughout.
Close to San Mateo downtown, top rated schools, parks and freeways, this home is ready for your occupancy! Please call Faye today at 650.400.9818 if you would like to have a private showing.
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FEATURED PROPERTIES
City
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San Mateo
Bed/Bath
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2/1
Sq ft
|
N/A
Asking Price
|
$777,000
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City
|
S. San Francisco
Bed/Bath
|
4/2.5
Sq ft
|
2410
Asking Price
|
$868,000
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City
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San Carlos
Bed/Bath
|
3/2
Sq ft
|
2050
Asking Price
|
$1,385,000
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City
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San Mate
Bed/Bath
|
1/1
Sq ft
|
692
Asking Price
|
$395,000
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City
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San Mate
Bed/Bath
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2/1
Sq ft
|
918
Asking Price
|
$435,000
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City
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Foster City
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3/2
Sq ft
|
1,540
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|
$798,000
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San Mateo
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2/2
Sq ft
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N/A
Asking Price
|
$529,000
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City
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San Mateo
Bed/Bath
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2/2
Sq ft
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1213
Asking Price
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$535,000
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City
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San Mateo
Bed/Bath
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3/2.5
Sq ft
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1312
Asking Price
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$775,000
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City
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Redwood City
Bed/Bath
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5/3
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N/A
Asking Price
|
$1,399,950
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City
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San Mateo
Bed/Bath
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2/2.5
Sq ft
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1,254
Asking Price
|
$750,000
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City
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San Mateo
Bed/Bath
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2/1
Sq ft
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1,130
Asking Price
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$935,000
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Redwood City
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4/3.5
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2,951
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$1,626,000
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