Tag Archives: first-time home buyer

What's the Latest on All the Tax Credits?

A quick update: You can still take advantage of the California tax credit. The $100M allocated for tax credits is still in play, as the Franchise Tax Board expects that some applications will be duplicates or invalid.

Bookmark this page for regular updates on the state credit.

The $8,000 federal tax credit is indeed kaput (though service members who were on official extended duty outside of the United States for at least 90 days between Jan.1, 2009 and May 1, 2010, may qualify for a one-year extension.) No word yet on whether the government will introduce a new credit.

Neighborhood Spotlight: Forest Knolls

Often overlooked by prospective buyers, Forest Knolls is a very appealing neighborhood developed in the late 1950s and 1960s in San Francisco. Its homes feature accommodating floor plans, many properties have views, and the area provides a nice urban retreat with its woodsy, private feel. Bordered by the Inner Sunset, Cole Valley, and Forest Hill, Forest Knolls is a great alternative for those house hunters who’ve been priced out of these adjacent areas. Continue Reading

Hayes, Arterra Appeal to First-Time Buyers

I’m in the process of assisting one of my first-time home buyer clients with a purchase at Arterra, the city’s first LEED-certified green complex in Mission Bay, developed by Intracorp. There are a handful of one-bedroom units with parking still available that are priced in the high $500,000s.

We managed to get into contract at a much lower price, and my client also locked in a very low interest rate, to boot. Though she’s happy with this deal, she’s also happy with the amenities Arterra offers: 24-hour hour front desk with concierge services; state-of-the-art fitness center; community lounge; rooftop sundeck with a bbq and views; and a fully furnished guest suite for homeowners’ friends and family.

Over at Intracorp’s sister development, The Hayes, there are a couple one-bedrooms with parking still available in the same range. The Hayes is a nice neighborhood location—close to restaurants and public transportation. There is also a fitness room (though not as bright and sunny as that of the Arterra). The one bedrooms don’t have a particularly great outlook. However, if your price point is around $500,000, you’re either looking at a high-risk TIC interest purchase in a multi-unit building, or a solid one bedroom in The Hayes.

Contact Eileen for Real Estate Help

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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