Martha Longhi Alain Pinel Realtor® Serving San Mateo & Santa Clara Counties

Committed To Your Success

VISIT MY OPEN HOUSE:
Sunday, November 8th - 2pm to 4:00pm

591 Topaz Street, Redwood City

Spacious & Charming Cape Cod Home

Featuring 2,250 sf of living space on a 5,250 sf lot. 4 Bedrooms / 2.5 Baths / Formal Dining Room / Formal Living Room / Chef's Kitchen opening to a Family Room. Deck and Outdoor Bar, Pond and Waterfall.

Inviting indoor-outdoor California living for a reasonable asking price of $1,075,000 (photos & more information)

BUYERS: Great News! First-time homebuyers tax credit is extended to April 30, 2010. Couples earning as much as $225,000 a year and individuals earning up to $125,000 would qualify. That is up from the current $75,000 limit for individuals and $150,000 for couples. This is a great incentive that can give the first time home buyer up to $8,000.00 back in tax credits.

Added is a $6,500 tax credit for existing homebuyers who have lived in their residence at least five years and purchase a new home. Couples earning as much as $225,000 a year and individuals earning up to $125,000 would qualify. Those buying homes worth more than $800,000 wouldn’t be eligible for the credit. Those who sell their new home or stop using it as their main residence within three years would have to repay the credit.

If you want the credit on this years taxes it is important to move quickly to find the perfect home. Most escrows take at least 45 days with the new rules that govern lenders.

Warning: New Loan Limits for 2010 Are Coming

October 28, 2009: The Federal Housing Finance Agency (FHFA) is expected to announce, as early as next week, the new conforming loan limits for 2010. The conforming loan limit determines the maximum size of a mortgage that Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac can buy or guarantee. (more)

Get more information on my Blog @:
http://blog.peninsularealtor.com/

SELLERS: True the market has changed, but in San Mateo County home value is still one of the best in the country. If you are considering selling your home, contact me for a detailed evaluation of your property's value, marketability and a frank forecast of how long it will take to sell.

Follow me on Twitter:
http://twitter.com/MRVL44

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Martha Longhi is a licensed Realtor in the state of California (DRE# 01824138) and member in good-standing with the National Association of Realtors (NAR), the California Association of Realtors (CAR), the San Mateo Association of Realtors (SAMCAR), and the Multiple Listing Service (MLS).

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