Santa Clara and San Jose Homes for Sale, Real Estate

Bay Area Real Estate - What's Hot & What's Not

Fed Cuts Rates, Is Now a Good Time to Re-Fi?

January 23rd, 2008 11:15 AM

30 year fixed rates look like they are holding steady for the time being, but the 5/1 ARM has come down a bit. It's not yet certain if long term rates will adjust downward, however, it's worth keeping an eye on long term rates in order to determine if refinancing can save you some money and increase your monthly cash flow!

Posted by Gosalvez Team on January 23rd, 2008 11:15 AMPost a Comment (0)

California Voters Could End Rent Control!!!

January 8th, 2008 2:40 PM

California Property Owners and Farmland Protection Act (CPOFPA)

According to AOA California land owners are working together to pass CPOFPA. If passed benefits for land owners include;

Government can not determine price an owner may sell or lease their property for.
Private property cannot be taken under eminent domain for private use or economic gain
Rent controlled residences will remain so until tenants at time law is passed vacate the property
Current rent regulations will be phased out over time
Government will not have the right to reimposed rent regulations once residence has been vacated.

What are your thoughts on

Posted by Gosalvez Team on January 8th, 2008 2:40 PMPost a Comment (0)

Short Sales - A new law helps Home Owners in trouble.

January 4th, 2008 10:01 AM

On 12/20/2007 President Bush signed into law the Mortgage Forgiveness Debt Relief Act of 2007. The act amends the Internal Revenue Code to exclude from gross income amounts attributable to a discharge, prior to January 1, 2010, of indebtedness incurred to acquire a principal residence.

This is great news for homeowners in regards to their personal residence. In essence it means owners may be able to exclude from potential capital gains the debt that was written off as a result of their short sale transaction and owners may be able to avoid a tax burden for personal and rental properties!

To find out more drop us an email or give us a call: sales@brokersforlife.com | (408) 249-3718

Posted by Gosalvez Team on January 4th, 2008 10:01 AMPost a Comment (0)

Just Listed! (Rental) 584 King George San Jose, CA 95136

January 3rd, 2008 10:41 AM

FOR RENT

$2,550.00
(Rental) 584 King George

San Jose, CA 95136

Beds: 3.0	Rooms: 3
Baths: 3.00	Sq. Ft.: 1690.00
Garage: 2.0	Built: 2000

This is a new rental that
I thought you might be
interested in. Visit this
listing online to see more photos of the property, Google Earth satellite images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Gosalvez Team
408-984-0503
www.GTeamRenals.com

Visit this listing at Here

Posted by Gosalvez Team on January 3rd, 2008 10:41 AMPost a Comment (0)

Oil Prices Jump to $100 a Barrel! Should Will This Affect Housing Prices?

January 2nd, 2008 12:45 PM

The price of oil rose to $100/barrel for the first time, which could affect housing prices in the long run as more and more people desire to reduce commutes. In order to reduce commuting home owners may be willing to pay a premium for properties located close to work, school, or their favorite place to spend time.

As always the number one consideration in real estate should be LOCATION, LOCATION, LOCATION...

Posted by Gosalvez Team on January 2nd, 2008 12:45 PMPost a Comment (0)