1089 Old Oak Road has been meticulously maintained and well enhanced.

Featuring 3 bedrooms and 2.5 bathrooms, built in BBQ and outdoor fireplace, sparkling pool with waterfall and so much more!

Offered at $899,000.

Click here to tour this home online.

“Qualified principal residence” indebtedness is defined as debt incurred in acquiring, constructing, or substantially improving a principal residence.  It includes both first and second trust deeds.  It also includes a refinance loan to the extent the funds were used to payoff a previous loan that would have qualified.

The tax breaks apply to debts discharged from 2009 through 2012.  Californians who have already filed their 2009 tax returns may claim the exemption by filing a Form 540X amendment.
 
Taxpayers who do not qualify for the above exemptions (e.g., second home or rental property) may nevertheless be exempt under other provisions.  Most notably, taxpayers who are bankrupt are exempt from debt relief income tax.  Also, taxpayers who are insolvent are exempt from debt relief income tax to the extent their current liabilities exceed current assets.

(Source: California Association of Realtors)

Please contact me with any questions you may have about short sales or foreclosures or about how this new law may impact you.

LOCATION: Keller Williams Realty Parking Lot

5994 W. Las Positas Blvd.  Near the corner of West Las Positas and Hopyard Rd.

Click here to see map of location.

From Hopyard Rd go EAST on Hopyard Rd. (Away from the Foothills)

Turn right into the 1^st driveway and follow the signs to the shredding trucks.

DETAILS: United Shredding Company will have a certified shredding truck in the Keller Williams Parking lot.  Your documents will be shredded on the SPOT.  Don’t worry about staples or paper clips.

DRAWING:  enter to win one of 4 $50 gift certificates for the ELEPHANT BAR Restaurant in DUBLIN.

If you do not plan to stop by on Saturday, you may enter the drawing simply by emailing me.  In the subject line, please write “Shred-A-Thon drawing”  and include your name, email address, contact phone and mailing address.

Email: roy [at] dronkers [dot] com

Under the federal law slated to soon expire, a first-time homebuyer may receive up to $8,000 in tax credits, and a long-time resident may receive up to $6,500, for certain purchase contracts entered into by April 30, 2010 that close escrow by June 30, 2010. 

Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied.  The new California law applies to certain purchases that close escrow on or after May 1, 2010 (see Cal. Rev. & Tax Code section 17059.1(a)(4)).  California law generally allows buyers of never-occupied properties to reserve their credits before closing escrow, but buyers seeking to combine the federal and state tax credits will not be able to satisfy the timing requirements for such reservations (see Cal. Rev. & Tax Code section 17059.1(c)(1)(A)).  Other terms and restrictions apply to both tax credits.

(Source: California Association of Realtors)

It’s a great time to buy. Contact me to discuss your personal situation.

 Interest rates have hovered at or near historic lows for much of the past 18 months, resulting in lower payments for many borrowers.  With the Fed discontinuing its purchase program, some analysts believe a rise in interest rates could range from 0.25 percent to as much as 1 percent by the end of 2010.

The federal tax credit for home buyers also is scheduled to end April 30.  The tax credit combined with the expectation interest rates will increase has created a sense of urgency for many home buyers.  In fact, 23 percent of California home buyers purchased a home in 2009 due to the perception that interest rates will rise and they would be priced out of the market, according to C.A.R.’s 2009 Survey of California Home Buyers.

Rising interest rates will have an effect on home buyers.  For example, a qualified couple with a combined pretax income of $100,000 per year and debt obligations (excluding mortgage) of $500 who receive a mortgage rate of 5 percent could qualify for a loan of up to $590,000, assuming a 20 percent down payment.  If the interest rate were to rise to 6 percent, as analysts at Barclays Capital predict, the same couple could only qualify for a mortgage of $540,000.

Source: Caliifornia Association of Realtors and the Wall Street Journal

The Pleasanton real estate market has been very active over the past few months, with many properties receiving multiple offers. Even in the high end market, like Ruby Hill, activity is picking up.

Are thinking about selling? Contact me for a complimentary market analysis and price evaluation of your home. Maybe it’s the right time for you to sell.

4 bedrooms, 4.5 bathrooms, plus office and bonus room.

.5 acre lot with pool backs to green belt.

Click here to tour this home.

Or contact us for a private showing.

Click  here to tour this home.

Open House on Sunday, 3/7 from 1-4pm.

Or contact us for a private showing.

The company also ranked second-highest among home sellers in the study.

“We couldn’t be prouder. This is an achievement our associates have truly earned. It is the face-to face interaction and the relationships they build daily that has impacted this study and elevated Keller Williams Realty to another level in customer service,” said Mark Willis, CEO of Keller Williams Realty.

“Knowing that this study was conducted during the toughest times the market has seen shows that spirit and dedication can make an impact.”

The study was produced by J.D. Power and Associates to measure home buyers’ and sellers’ customer satisfaction. The results of the home-buying experience were determined by three factors including the agent, office and the package of additional services.

This lovely, single story home has been remodeled and is move in ready. Among the many terrific features of this home is the remodeled kitchen which includes new cabinets, granite counters, and stainless steel appliances.

Priced at $375,000 this 2 bedroom, 1 bath home is a great option for first time buyers or for empty nesters who need to downsize.

If you are unable to come by during the open house, please contact me directly for a personal showing.