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President Obama signed the federal tax credit into law. It is expected to contribute approximately $22 billion to the economy, Congress overwhelmingly passed a bipartisan measure this week extending the $8,000 home buyer tax credit to April 30, 2010, with a 60-day extension…
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This home was another fairly smooth transaction with a very sweet couple buying their first home. Although, there are a couple of interesting things about this transaction. This home was a foreclosure. The buyers competed for this home in a… Read More »
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This was a fun sale. The buyers went into contract in June and just closed the transaction last week. They actually watched this home being built from start to finish and were very involved in getting to choose everything to suit their own taste. They even got to choose where some outlets went…
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Yay! A smooth transaction!!! A home I just sold in San Jose for $575,000 was a VERY smooth transaction. There were 5 offers and amazingly, we were NOT even the highest offer, but they went with us. The seller and agent told us that they liked our ‘package’ and felt most…
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Where do I start? This sale was interesting from Day 1. This home had been on the market for some time and it was over priced. My clients viewed the home, but at the time, were not interested due to the high price. After some time, the seller did a price reduction and it renewed the buyer’s…
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These buyers are an adorable young couple who I just adore. This transaction was smooth in the beginning, but just crazy towards the end due to the endless paperwork that Wells Fargo required from them just picking their accounts to death. Wells Fargo required them to explain every…
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This one comes with quite the story. My clients originally saw this home when it was a short sale listing. They made a bid, competed with about 6 buyers, and got the acceptance. The listing agent told us it was already approved at the listing price and we would have an approval for the…
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This was another successful short sale closing. The roller coaster ride started in March! It took 5 months for the first and second lender to approve this short sale. While we were waiting for the second to approve the short sale, the deal almost went to the foreclosure department, and required…
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If you crave frustration then maybe you should try buying a short sale. The absolute only reason to put yourself through a short sale transaction as a buyer is for the possiblity of getting a home for a good deal and/or to avoid more competition with other buyers who do not want to buy a short…
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There are some great programs for buying new homes in San Jose (and other areas as well) that are ending VERY soon. For many of the San Jose city programs, the buyer must have a ratified contract by 4/24/09. Yes, that is VERY soon. But, if you are interested in new construction in San Jose, it…
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