Two Great Reasons to Consider Selling (and Buying) in San Jose 2010

Two Great Reasons to Selling (and Buying) in San Jose in 2010

By Michelle C. Carr-Crowe I’ll make it brief and to the point: 2010 is your year to sell if

1) You plan to sell and want to buy another property, especially if the new property will be less than $800,000, and/or

2) You have significant equity built up and want to save capital gains tax, as the existing benefit ends at the close of 2010.

Currently, there is a new, limited-time tax credit available to homeowners selling and buying a property (both must close by April 30, 2010).

Also, a single person who closes by December 31, 2010 can keep $250,000 in tax free capital gains, and a married couple doing the same can keep up to $500,000.

Sales of assets held more than 12 months and sold on or after May 6, 2003 qualify for the 15 percent capital gains rate (5 percent for lowest income taxpayers and zero percent beginning in 2008).

The capital gains rate reverts to 20 and 10 percent for assets held for more than 12 months and sold after December 31, 2010. Is NOW Your Time toSell and Buy a Home in San Jose?Just Call...(408)252-8900 for a free, no obligation consultation and we'll talk about your options in today's market.

West San Jose with Cupertino Schools Lynbrook High Homes Mid-Week Update 01.13.10

West San Jose with Cupertino Schools Lynbrook High Homes Mid-Week Update 01.13.10

ello, this is Michelle C. Carr-Crowe with your mid-week West San Jose with Cupertino Schools Lynbrook High Homes Update for January 13, 2010.

Currently there are still just 6 single-family homes for sale in Lynbrook, and 7 are pending.



In townhomes and condos, there are 3 for sale, and 2 are pending.

With the pending sale of 7188 Sharon, we see that newer uxury homes are still in demand by qualified buyers. However, the majority of buyers still qualify themselves in the under $1 million category.

To see any of these homes, Just Call Michelle C. Carr-Crowe and the Get RE$ult$ Team, Your Lynbrook and Cupertino Schools Experts. Just Call ... (408) 252.8900!



Blessings & Aloha,

Michelle

Michelle C. Carr-Crowe, DRE #00901962, is a Silicon Valley-based multi-million dollar real estate consultant. Her designations include: Accredited Buyers Representative (ABR), Accredited Luxury Home Specialist (ALHS), Accredited Staging Professional (ASP), Certified Distressed Property Expert (CDPE), Property Marketing Expert (PME), Real Estate CyberSpace Specialist (RECS), and Senior Real Estate Specialist (SRES). In addition, she is an internationally-published freelance writer with over 1,000 traditional articles in print and online, as well as over 500 blog posts. She enjoys reading, travel, animals, dancing, staging and praying. Check out her blog at www.activerain.com/results or visit her online at www.michellejudycarr.com or www.lynbrookhighhomes.com. For RE$ult$ ... Just Call ... (408) 252-8900.

Calif. Gov. Schwarzenegger proposes extension, expansion of $10,000 home buyer tax credits

Calif. Gov. Schwarzenegger proposes extension, expansion of $10,000 home buyer tax credits

By Michelle C. Carr-Crowe

Did you miss it? Amongst the numerous proposals for 2010 in Governor Arnold Schwarzenegger’s State of the State address today one stood out to benefit buyers of both new and existing homes in 2010.

During his State of the State address, Governor Schwarzenegger included in his proposals a recommendation to set aside $200 million for a new round of $10,000 state tax credits for first-time home buyers.

If passed, it increases housing affordability for first-time home buyers throughout Santa Clara County, from Morgan Hill and San Jose to Los Gatos and Saratoga, including Palo Alto and Los Altos to Cupertino and Santa Clara.

The Governor’s new proposal expands upon the initial $10,000 state tax credit by including both new and existing homes.

The 2009 tax credit from last year applied only to buyers of newly constructed homes.