Financing
Santa Clara County Real Estate Market Update – June 2010
July 13, 2010 by Gwen Wang · Leave a Comment
Median Price for Santa Clara County Homes Continues to Rise The median price for homes for sale in Santa Clara County increased to $645,000 from $550,250 a year ago. The average home price is up 16% as well to $785,447. Days of Inventory has decreased again this month. The number of days of inventory is [...]
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FHA Financing Info (and Limits) for Multi-Family Homes in Palo Alto
May 29, 2010 by Gwen Wang · Leave a Comment
FHA Financing Information for Multi-Unit Properties (2-4 Unit Homes) in Palo Alto Did you know that you can finance a 2-4 unit property in Palo Alto using an FHA loan? You can qualify for FHA financing as long as one of the units is owner occupied, meaning you live in one of the units and [...]
Read More...Tax Time – Top Tax Deductions for Palo Alto Homeowners
March 26, 2010 by Gwen Wang · 1 Comment
The tax filing deadline is fast approaching. If you bought, sold, or owned a home in in Palo Alto in 2009, make sure you claim all the tax deductions you are eligible for. If you bought or sold a home in 2009, there could be a few extra deductions for you this year. If you [...]
Read More...Mortgage Interest Rates in Palo Alto & Nationally Heading Higher
March 12, 2010 by Gwen Wang · Leave a Comment
Mortgage interest rates in Palo Alto (and nationally) will soon be headed higher. The Fed plans to stop purchasing mortgage backed securities at the end of this month (March 2010). In fact, after reaching a low last November, rates have already risen .25-.375% in anticipation of this change. Right now the only mortgage backed securities [...]
Read More...The Clock is Ticking…On the Home Buyer Tax Credit
February 18, 2010 by Gwen Wang · 3 Comments
What You Need to Know to Use the Homebuyer Tax Credit to Buy a Home in Palo Alto/Menlo Park If you are considering buying a home in Palo Alto or Menlo Park this year and were interested in claiming the Homebuyer Tax Credit, you are running out of time. You must have a signed contract [...]
Read More...Turning Away Buyers For Your Palo Alto Real Estate?
August 20, 2009 by Gwen Wang · Leave a Comment
You don’t have to! Many sellers are turning away buyers for their Palo Alto real estate because the buyer can’t get the necessary financing. Understandable, but remember, the downturn in real estate has definitely made it a buyer’s market. Simply put, you may have trouble finding another one. So what’s the “holy grail” of options? [...]
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