Category Archives: Buyer Updates and News!

This Week’s Show-Sonoma County Energy Independence Program

Here in Santa Rosa, California and every City in Sonoma County, we are seeing the implementation of ground-breaking energy inefficiencies on a large scale! This is an ambitious program to save energy on every level and we are embracing the vision. Allison and I are eager to bring you the FIRST of our “Green” programs. Two very special guests, long-time Sonoma County contractors, John Sutter and Ron Dorris, will be bringing us up to date on how to “Green” your home. Our them–“First Reduce THEN Produce”!! Quick, inexpensive ways YOU the homeowner can lower your PG&E bill, how to’s on an “Energy Audit” and WHY you should consider this process. How to give your house the best “MPG” and full discussion of the SCEIP program and its ambitious goals! Join us THIS Sunday! 9 to 10am! The Real Estate HOUR!!

Sonoma County Energy Independence Program featured in 2010 –our “Green” Year on the Real Estate Hour!

 “Sonoma County Energy Independence Program” will  kick off the “Green” year of 2010 by having a teaser introductory show this Sunday on the Real Estate Hour. Allison Norman, long a “greenie” and neighborhood leader, plus co-host, will be discussing the SCEIP program which stands for “Sonoma County Energy Independence Program”.

We will give some background on the program and discuss briefly it’s funding mechanism. The experts will be on a special show on January 17th. We will be featuring trusted contractor’s approved for the program plus auditors to determine WHAT your house may need to bring you increased energy efficiency. Stay tune. The “Green” will also equate to some “Green” in your pockets!! To view the program report and administrative guidelines click here!

Here are some points on the program:

SCEIP—Sonoma County Energy Independence Program

NOT a “point of sale” program Continue reading Sonoma County Energy Independence Program featured in 2010 –our “Green” Year on the Real Estate Hour!

HomePath Loans explained! Little used-but MUCH overlooked Loan Program! Must be a Fannie Mae Loan!

Here’s a link to our HOMEPATHinformation. The HomePath loan has many, many great features. Trying to buy a condo but found out the Home Owner’s Association Certification, needed for most loans, does NOT pass your lender’s requirements? Then ask if the current loan, if the property is a bank owned foreclosed upon property or “REO”, has a Fannie Mae loan. If so, the property will qualify for the “HOMEPATH” loan–HOA Certificate NOT needed, 3% down! This also applies to any foreclosed upon home which has a “Fannie Mae” loan! Very cool. Give Allison Norman a call and she can fill you in on all the details! 707-799-3617

Timing of Tax Credit extension has me scratching my head! This will get us through the Winter!

Extension of $8,000 First Timer Tax Credit plus new $6,500

I find it very interesting the new time line for extension of the First Time Home Buyer $8,000 Tax Credit. The new “drop-dead” date will be April 30th. One congressman noted you have to make these “time sensitive” so they create a bit of urgency. I agree. The April 30th expiration date though coincides with the beginning of our “prime time” the spring home buying marketplace. Some conclusions from this date are interesting to note: Continue reading Timing of Tax Credit extension has me scratching my head! This will get us through the Winter!

$8,000 New Home Tax Credit Extended to NEXT April! Yippee!

Great news as the two houses of the people; the Senate and now the House of Representatives, have sent to President OBama, for his signature, the extention of the Home Buyer’s Credit PLUS they added MORE money for you repeat buyers!! Read on! This is courtesy of RISMEDIA.

RISMEDIA, November 6, 2009—After the Senate gave final approval last night without a dissenting vote, the House of Representatives voted overwhelmingly this afternoon to pass legislation containing an extension and expansion of the homebuyer tax credit, completing Congressional action and sending the tax credit to President Obama for his signature, possibly as early as tomorrow.

The $8,000 homebuyer tax credit for first-time buyers, due to expire in 25 days, will be extended through April 30 of next year and buyers will have an additional two months, until the end of June, to close. First-time buyers who are in the process of making a purchase will no longer need to worry about qualifying for the $8,000 credit if they close after the November 30 deadline. The new legislation increases the income limit for couples with income up to $225,000, a nearly $55,000 increase above the level in existing law. Continue reading $8,000 New Home Tax Credit Extended to NEXT April! Yippee!

IRS Publications–Find out before you act! “Moving Expenses”,”Bankruptcy”,”Debt Cancellaion” Here’s a list!

The Internal Revenue Service publishes a number of real estate publications. They are listed by number:
* 521 “Moving Expenses”
* 523 “Selling Your Home”
* 527 “Residential Rental Property”
* 534 “Depreciation”
* 541 “Tax Information on Partnerships”
* 551 “Basis of Assets”
* 555 “Federal Tax Information on Community Property”
* 561 “Determining the Value of Donated Property”
* 590 “Individual Retirement Arrangements”
* 908 “Bankruptcy and Other Debt Cancellation”
* 936 “Home Mortgage Interest Deduction”

These publications are available for free online or by calling (800) TAX-FORM.

Pt II–Winter Buying! Don’t Stop Now! The deals are lurking in the “Dead” of Winter!

Fall is here and Winter’s cold breath not too far away with the first day of Winter coinciding with Halloween! October 31st! Our Buyers are now asking us?  Should we keep looking for Homes DURING winter and WHY?

 Now I know some of you back East have homes obliterated by snow for many months of the year. I’m out here in the greatest state of sunny California! We play golf every day of the year! (No hate mail from Wisconsin golfers please!!) But we have fierce winter rains, wet months, muddy, mucky conditions when some houses just don’t SHOW their collective best! So WHY WOULD a homebuyer keep looking into the dead of winter? Here are MY reasons: Continue reading Pt II–Winter Buying! Don’t Stop Now! The deals are lurking in the “Dead” of Winter!