Archive for May, 2010
2010 $10,000 State Tax Credit for First-time Buyers! Know the Rules!
May 28th, 2010 categories: Real Estate news
Many first-time buyers are confused about the Federal and Tax Credit, so since the Federal tax credit has only been extended to the military, I will only focus on the California tax credit by attaching the questions and answers straight from the IRS website.
- I applied for the 2009 New Home Credit, but didn’t get it since the money ran out. Can I apply now since there is more money available?
- No. The 2010 New Home / First-Time Buyer Credits are only available for purchases which close escrow on or after May 1, 2010.
- I just closed escrow on a new home on April 26, 2010. Can I apply for the New Home Credit?No. The 2010 New Home / First-Time Buyer Credits are only available for purchases which close escrow on or after May 1, 2010.
- What is the difference between requesting a reservation and applying for a credit?Reservations can only be requested for the New Home Credit and are optional. Since the credits are allocated on a first-come, first-served basis, a reservation will hold the buyer’s place in line until two weeks after escrow closes, the due date of the application. Applications are used for both the New Home Credit and the First-Time Buyer Credit and are required for either credit. Read the rest of this entry »
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Becoming a homeowner again after a short sale-How soon can you do it?
May 18th, 2010 categories: Short sales
As a real estate agent, I always get confronted with the burning question regarding short sales and homeownership. Because there is a lot of confusion onthisp topic, I want to clarify this as much as possible, especially because FHA came out with an interesting new guideline that might surprise many short sale homeowners who wish to buy again after doing a short sale. Read the rest of this entry »
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Diabetes Tour de Cure Yearly Century Bike Ride turned to longer 100K ride
May 5th, 2010 categories: Community Events
After I had completed my first century ride, or 100 miles last year, I wanted to do another century ride this year as part of Diabetes Tour de Cure. This year was my fourth year participating in Tour de Cure, as a special homage to my beloved father who had Type 1 Diabetes and passed away at the young age of 53. As opposed to last year when I took a little more time to train for the ride, this year I skipped on it, and only went on a few occasional short rides, which showed during my ride uphill the merciless and steep Auburn hills.
On May 1, I left the house at 5:30 a.m. and drove towards HP in Roseville, where our tour started. Unlike last year, when I listened to an inspirational fishing radio program (my dad used to be a great fisherman -fishing was as enjoyable to him as biking and tennis are to me) and took it as a good omen, this year there was nothing good on the radio worth listening to. I also didn’t feel like turning on my I-pod, as I knew I had all the time during the ride to listen to my audio books that I receive by mail just like Netflix from Julie, a dear friend, who donated the most money to my bike ride for the last two years. She is the most avid reader I’ve ever met and runs an audio bookstore in San Jose called All Ears Audiobooks, which I highly recommend to everybody.
| Discussion: 6 Comments »
