On Tuesday, Jan 11, the Fremont City Council voted to join the California FIRST financing program. As reported in last week's issue, California FIRST is a voluntary program that provide loans to homeowners to finance energy efficiency upgrades. The loans are repaid through a special property tax assessment.
Recently the City of Hayward joined this program and Bay East staff testified in favor of the California FIRST program and urged Hayward to involve the REALTOR® community in designing and marketing the program. Bay East offered the same support and cooperation to the City of Fremont.
Remember .... "Dream Green"
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On Friday, Jan. 15 NAR sources in Washington D.C. indicated that FHA is about to announce the following changes to its purchase finance programs.
Borrower Issues:
Lender Issues: While the final lender eligibility rule has not been published, NAR is reporting the following proposed changes for FHA lenders:
FHA will also be changing its risk management procedures; creating a lender scorecard and highlighting poor performing lenders on their website and in press releases. For more information please visit the NAR website by clicking here.
Remember .... "Dream Green"
Considering Moving to the East Bay Area? ~ Do you want to Buy or Sell a home?
Do you have clients with needs in the East Bay?
Search East Bay Area Properties
Visit my website at http://pamwinterbauer.com
The San Leandro City Council adopted a Climate Action Plan (CAP) at their meeting on Monday (Dec. 21).
In response to significant input from Bay East members the Council removed the Residential Energy Conservation Ordinance (RECO) that was part of the original version of the CAP. The RECO was replaced with several alternatives that included incentives and financial assistance for property owners to perform energy efficiency upgrades. Unfortunately, a point-of-sale requirement was included as an option in the future. On a brighter note, the council directed staff to include REALTORS® in the implementation of the CAP.
The city council action on this item, while not a complete victory for REALTORS® and property owners, shows that our voice was heard in city hall. Special thanks to those Bay East members who sent e-mails, made phone calls, met with city council members and testified at the meeting.
Remember .... "Dream Green"
Considering Moving to the East Bay Area? ~ Do you want to Buy or Sell a home?
Do you have clients with needs in the East Bay?
Search East Bay Area Properties
Visit my website at http://pamwinterbauer.com
On Monday (Dec. 21), the Livermore Historic Preservation Commission held the first of two meetings about establishing a Historic Preservation overlay zone. If approved, special regulations regarding additions, remodeling, paint colors and demolition would be applied to "historic" properties in the neighborhoods north and south of downtown Livermore.
A second hearing will be held Jan. 7. In the meantime, Bay East staff will work with the City of Livermore to determine which properties would be subject to the historic preservation zoning and its impact on private property rights and property values.
You can review the staff report and proposed changes by clicking here. Please note, this report is very technical and lacks specific detail regarding the impact this zoning will have on specific properties. Bay East staff will work to clarify these missing details.
Remember .... "Dream Green"
Considering Moving to the East Bay Area? ~ Do you want to Buy or Sell a home?
Do you have clients with needs in the East Bay?
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Visit my website at http://pamwinterbauer.com
Good From Nov. 6, 2009 to April 30, 2010
Who is Eligible and for What:
First-Time Homebuyer (defined as a non-homeowner for the last three years)
A first-time homebuyer can obtain a tax credit of up to $8,000 of 10% of the purchase price of a home, whichever is less, depending on their income. For example, a $75,000 sales price would have a maximum credit of $7,500.
A) Single taxpayer: The income limit is $125,000. A partial tax credit can be given up to a maximum income of $145,000.
B) Joint filers: The income limit is $225,000. A partial tax credit can be given up to a maximum income of $245,000.
· If either spouse has owned a home in the last 36 months, neither qualify for the tax credit.
· A child (18 years or older) buying with a parent as a co-mortgagor is eligible as long as they meet the other requirements.
Current Owners
Current homeowners can obtain a tax credit of up to $6,500 if they have owned and occupied a primary residence for a period of five (5) consecutive years during the last eight (8) years. Income limits are the same as for first-time homebuyers.
Maximum Purchase Price
The maximum sales price of the property being purchased is $800,000.
New Deadlines
· In order to qualify for the credit, all contracts need to be in effect no later than April 30, 2010 and must close no later than June 30, 2010.
· Members of the armed forces stationed outside the U.S. on official duty for 90 days from January 1, 2009 to April 30, 2010 can sign contracts before April 30, 2011 and close before June 30, 2011.
More Eligibility Restrictions
No tax credit will be given to borrowers who:
· Are buying their home from a blood relative (a step-relative is OK);
· Are not using the home as a primary residence;
· Are selling the home before the end of the year;
· Are non-resident aliens;
· Are getting home financing from tax-exempt mortgage revenue bonds (does not apply for a home purchased in 2009).
Remember .... "Dream Green"
Considering Moving to the East Bay Area? ~ Do you want to Buy or Sell a home?
Do you have clients with needs in the East Bay?
Search East Bay Area Properties
Visit my website at http://pamwinterbauer.com
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Serving the East Bay~San Francisco Bay Area since 1978; Communities of Alamo, Castro Valley, Danville, Dublin, Fremont, Hayward, Livermore, Newark, Pleasanton, San Leandro, San Lorenzo & Walnut Creek
Pam has been selling real estate in East Bay communities since 1978. She recently was presented with the 2006 REALTOR® of the Year award from the Bay East Association of Realtors.
As an East Bay Native she has first hand knowledge of the communities and neighborhoods she services and their uniqueness. Pam's work ethic, integrity, and concern about her clients are the most important factors of her businesss. In her eyes success is not recognition or awards. True success is helping other people achieve their dreams and goals.
She is an experienced negotiator, an effective comunicator, provides superior service and positive results whether you are moving across town or across the country.
In her spare time she enjoys travel, playing golf, music, theatre and playing with her puppy, Murphy Brown. 
Pam received her sales license in 1978 and continued her education in Real Estate in acquiring many designations to enhance her professionalism. She earned her Brokers license in 1990 and is a Broker Associate with Windermere Welcome Home. She is active with her local and state Association of Realtors currently serving as the 2009 President Elect of Bay East Associaton of REALTORS® and member of the Equal Opportunity-Cultural Diversity and California EXPO Advisory Committee's at the California Association of REALTORS® and serving on many different committies on both levels.
She has acquired the following designations to better serve her clients needs
She specializes in the East Bay (Alameda and Contra Costa Counties)
State and Local Organizations
"This is my 3rd time working with Pam. I would recommend her to all friends and family! She is incredible! Her experience and knowledge combined with her high level of integrity and honesty are invaluable to both the seller & buyers. She has my business for life!"
Silvia Ling
"She was very professional and understood my needs and concerns. She really came thru with solutions."
Heather Burton
"Although I am a first-time seller, I judge Pam to be completely competent, professional and accommodating. I am an out-of-state client and she went beyond the call with each time I asked her."
Anne Merhton
"She is knowledgeable, professional and helped ease our stress during the time the house was on the market."
Karen Sparks
"Pam's word is her credo, when she says she will do it, she gets it done. Whether it's a call back, legwork, or follow through it's taken care of with expediency."
Ina Baker
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