SOLD: 10326 Mill Station Rd.

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Here’s a listing in Sonoma Country I recently closed. I represented a great couple from the city who wanted a second home in wine country to pursue their passion for wine and cycling.

A bit of info:

10326 Mill Station Rd
Sebastopol, CA 95472

Listed at: $749,000
Sold at: Read more »

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Real Estate vs. The Stock Market

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Senators Agree to Extend Tax Credit for First-Time Homebuyers, Expanding It to Repeat Buyers

Senator Chris Dodd, D-CT, has been  negotiating for several weeks with Senator Johnny Isakson, R-GA., to craft an  extended tax credit for homebuyers that would pass the Senate. Last Wednesday,  they announced agreement on a bill that would extend the tax credit for  first-time homebuyers and offer a reduced credit of $6,500 to repeat buyers who  have owned their current homes for at least five years.

The tax credit provides up to $8,000 to  first-time homebuyers but is set to expire at the end of November. Read more »

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Homebuyer Tax Credit: New Eligibility, New Rules, New Provisions

Don’t worry!  This is easy to read. 

NAR Homebuyer Tax Credit Chart: published by the National Association of Realtors, this is a great synopsis of the latest version of the Homebuyer Tax Credit that has been approved by the government. 

There is now a provision for a “homebuyer,” not just “first-time homebuyers.”  As with anything, there are restrictions and limitations.  Take a peek and call me with any questions.

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Current Conforming Loan Limits Extended Through 2010

President Obama has signed a resolution passed last Thursday by Congress extending the current limits for Fannie Mae, Freddie Mac, and Federal Housing Administration (FHA) loans through 2010.

The conforming loan limits determine the maximum size of a mortgage that Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac can buy or guarantee. Non-conforming or jumbo loans typically carry a higher mortgage interest rate than a conforming loan, increasing the monthly payment and negatively impacting affordability.

Read more »

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