Feb 22
This convenience discount store carries snacks, candies, soda, energy drinks and coffee, ice cream chest, household items. A Healthy Cash Flow Which Can Be Further Increased By Adding Check Cashing, Paying Of Utility Bills & Western Union, wines and beers.
The store is operated by the owner and his wife, with no employees. The owner has health issues and wants to sell. Purchase price includes all of inventory. It’s a cash business. This business is a great opportunity for energetic person with desire to grow and expand.
Please contact Broker Alan Nguyen for more information on this business opportunity at (408) 835-7743 or email alan@i2realty.com.
Jan 27
Sales of existing, single-family homes rose 1.7 percent in December, while the median price rose 8.4 percent compared with the prior year, according to C.A.R.’s latest sales and price report. The median price of an existing, single-family detached home in California during December 2009 was $306,820, an 8.4 percent increase from the revised $283,060 median for December 2008, according to the report. The December 2009 median price rose 0.8 percent compared with November’s $304,520 median price.
“As expected, the large year-to-year sales gains have diminished substantially compared with earlier in the year,” said C.A.R. President Steve Goddard. “However, home sales in December were strong, and were comparable to sales of late 2008. Activity in December can be attributed in part to the extension and expansion of the home buyer tax credit, as well as near-historic highs in affordability due to current price levels and low interest rates
Jan 06
Governor Schwarzenegger today announced his 2010 proposals for California. Included in the proposals is a recommendation to set aside $200 million for a new round of $10,000 state tax credits for first-time home buyers. The proposal expands upon the initial $10,000 state tax credit by including both new and existing homes. Last year’s tax credit applied only to new homes.
The tax credit could be combined with the recently extended and expanded federal tax credit for home buyers.
Jan 02
The Answer is No, not to your Sister, Father, Mom, or Relatives!
When you short sale your San Jose home, your lender will ask you to sign an Arms-Length Affidavid. An arms-length affidavit is a document to prevent sellers from selling to a relative and thus curb mortgage fraud.
The reason the bank does not want a seller to transfer title to a relative in a short sale is because they are taking a loss so they don’t want sellers to profit from the sale of their property period.
When you sign an arms-length affidavit on your short sale and then violate it, you could be held liable for mortgage fraud. Mortgage fraud falls under jurisdiction of the F.B.I.
Please contact Broker Alan Nguyen, San Jose Short Sale Specialist for more information on this topic at (408) 835-7743 or email alan@i2realty.com.
Tagged with: Arms-Length Affidavit • Short Sale • short sale your San Jose home
Dec 31
Today is the last day of 2009. When I think about the 8,760 hours that I lived and spent – never again will I be able to use those precious hours to build into anyone’s life or to build something in my life. What’s spent is gone – it’s either been invested in people or things that will bring a healthy return, or it’s been wasted on things that don’t really matter.
So, how did you live in 2009? In whom or what did you invest your time and money – your life? What did you experience? Do you think that you grew as a person? Do you think that you made a real difference in someone’s life or in the world? As I reflect upon the last 525,600 minutes of my life, I am not really sure how to answer those questions myself.
Tagged with: Life and Thoughts
Dec 28
Infinite Investment Realty is proud to announce that we are approved for recertification as Selling Broker until 12/22/2010. We can now put HUD offers in for anyone who would like to buy a HUD home. HUD Homes are initially offered to owner-occupant purchasers (people who are buying the home as their primary residence). Following the priority period for owner occupants, unsold properties are available to all buyers, including investors.
One of the special initiatives is Neighbor Next Door Sales Program. Law enforcement officers, pre-Kindergarten through 12th grade teachers and firefighters/emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD provides a substantial incentive in the form of a 50% discount off the list price of eligible properties.
Please contact Broker Alan Nguyen for more information at (408) 835-7743 or email alan@i2realty.com
Tagged with: HUD homes • Northern California HUD listings
Dec 24
Merry Christmas to all and a prosperous New Year.
Dec 15
30 year mortgage interest rates headed higher this week over last week, following U.S. Treasury yields move higher. This is the second consecutive week of increases. Even with the increase, today’s mortgage interest rates are still incredibly low and will probably hover around these ranges until the first quarter of 2010.
Current 30-year mortgage rates increased to 4.97% this week, a slight increase from last week’s average 30 year rate of 4.95%. This week is the fifth consecutive week 30 year mortgage rates stayed below 5.00% in MBR’s Weekly Mortgage Rates Survey. An all-time low of 4.85% was set the week of November 30, 2009.
15 year mortgage rates remained unchanged at 4.40%. This is the seventh consecutive week 15 year mortgage interest rates remained below 4.50%. An all-time low of 4.35% was set the week of November 30, 2009. The most recent high of 5.20% was set back in June of 2009.
Tagged with: Loan Rates • Mortgage Rates
Nov 12
Bringing the Dream of Homeownership Within Reach
As part of its plan to stimulate the U.S. housing market and address the economic challenges facing our nation, Congress has passed new legislation that:
• Extends the First-Time Home Buyer Tax Credit of up to $8,000 to first-time home buyers until April 30, 2010.
• Expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
Here is more information about how the Extended Home Buyer Tax Credit can help prospective home buyers become part of the American dream. If you have specific questions or need additional information, please contact a tax professional or the Internal Revenue Service at 800-829-1040.
Tagged with: Real Estate Tax
