7 Sellers response
I will review the Sellers response with you. My negotiating skills and knowledge will benefit you in reaching a final agreement.
8 Open escrow
When the Purchase Agreement is accepted and signed by all parties your earnest money will be deposited. The escrow and title company will receive and hold your deposit and disburse all funds associated with your transaction.
Steve Mun, Silicon Valley Realtor
www.stevemun.com
Another example of a bad move by our local elected officials. The Santa Clara County Supervisors are now considering the prospect of eliminating the effects of Prop 90 here in our county. People who are 55+ will be dramatically affected by this move, making the prospect of downsizing or any type of move to our County prohibitively costly for many who may be facing fixed income situations.
The argument is, of course, the County is losing money in the form of property taxes. However, they fail to take into account that other taxes will take place of this lost revenue stream. These people who move here, may be paying less (not zero) property taxes, but they still have to pay sales and other local taxes don’t they? They buy food, clothes, cars, gasoline, etc….. Picking on the 55+ demographics will probably be a very unfavorable move on the part of the Supervisors.
www.stevemun.com
First time home buyers and low income families are suffering the most during this period of credit crunch we are currently experiencing. With some people are having more difficulty now getting loans or down payments to purchase their dream homes, I thought it might be helpful to provide a list of various housing assistance and other loan programs that I am aware of in local cities.
The City of
The City of
The City of
The City of
Acorn Housing provides below market mortgage programs and counseling sessions for those who fall into to low or moderate income levels.
This is not a complete list but should be a good starting point for many.
www.stevemun.com
It’s in the news again today. Registered sex offenders may be forced to move because they live too close to schools or parks.
I wrote recently about parents having the right to know whether registered sex offenders are living in your neighborhood; regretfully, I must say my concerns seem well founded.
Registered sex offenders are prohibited from living within 2000 feet from a school or park: areas where children congregate, according to Jessica’s Law which tracks them. It seems 2,700 registered felons are in violation of this law and are now being forced to relocate.
With 400-700 sexual predators released from prison each month, we must be mindful of the safety of our children. Know who lives in your neighborhood.
Steve Mun, Silicon Valley Realtor
www.stevemun.com
Ever try to get a visual image of what your house or a room would look like prior to painting it? After all, everyone knows good curb appeal will bring in higher dollars and quicker sales of your home. Color swatches are available but they don’t seem as appealing on actual walls compared to pieces of paper…… You’ve seen computer generated samples at some stores and they seem cool, but it would be nice to do it at the comfort of your own home.
How about trying to decorate your living room with new furniture? How nice it would be to see how certain pieces of furniture would look in your room before you commit to buying them?
Now you can do both of these and other wonderful things by visiting Better Homes and Gardens. Just register yourself and you have access to wonderful tools which will help you decorate your home. This site is a wonderful tool to aid you in your endeavors.
www.stevemun.com
The mortgage interest deduction is being challenged in Congress for homes over 3000 square feet. Were you aware of this fact?
The ability of homeowners to write off their mortgage deduction is the single most powerful incentive to encourage home ownership in the
However, in the name of reducing global warming, which is a fine idea in my opinion by the way, Congress is about to go overboard once again. True, this proposal will not affect most of us in Silicon Valley as a typical home is not 3000 square feet or larger. However, once this holy grail of property owner rights is challenged, everything else is up for grabs. 3000 square feet or lager is the start of the slippery slope; it will eventually end with the complete elimination of the mortgage interest rate deduction: mark my words.
You may not be aware, but this is not the first time your government attempted to chip away at this particular right. It is being challenged again in a different light; it will be challenged again if this particular proposal is defeated. Once this right is eliminated, the next generation will have even more difficulty affording homes in this area. The affordability index in Silicon Valley is already at a mere 21% (compared to 24% for
Don’t allow short sighted politicians to take away something as important as this to the local economy and continue to support the effort to encourage home ownership for every American. Homeownership should become easier with successive generations, not more difficult. The government should remove hurdles, not throw them in front of us. Let your Congress-person know you will not support such an effort.
www.stevemun.com
