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Pam Winterbauer ~ 2006 REALTOR® of the Year

Hacienda Business Park Land Rezoned for Mixed-Use

On Tuesday, October 20 the Pleasanton City Council rezoned three vacant parcels in the Hacienda Business Park near the Pleasanton BART station to allow for mixed-use development. Two of the three parcels are located on Gibraltar Avenue across from the Sienna town home development. The third parcel is located on Owens Drive across from the Dublin/Pleasanton BART station.

The land is currently zoned for office, R&D, light manufacturing and allows for the development of six-story buildings. The property owners now have the flexibility of building mixed-use developments which could include multi-story buildings with retail and services on the ground floor and residential units above.

The Council action on Tuesday night only rezones the land - they did not approve any new development. According to our sources, there have been no plans for developing these parcels submitted to the City of Pleasanton.

Remember .... "Dream Green"

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Tax Credit Extention Update

NAR is stepping up pressure on Congress to extend the $8,000 home buyer tax credit. Their strategy includes a nation-wide call-for-action which more than 450,000 REALTORS® have answered by either calling or emailing their elected officials. NAR is also placing ads in Washington D.C. newspapers and on the Wall Street Journal, New York Times, Washington Post and Google websites.

Finally, NAR officials are meeting directly with congressional leaders. Earlier this week NARs First VP Ron Phipps testified in front of the Senate Banking Committee about the impact the Tax Credit has had on home buying activity in 2009. You can read Mr. Phipps testimony by clicking here.

Remember .... "Dream Green"

Considering Moving to the East Bay Area? ~ Do you want to Buy or Sell a home?

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Newark Utility Tax on November Ballot

Faced with a $4.2 million budget deficit, the Newark City Council will place a 3.9 percent utility tax on the November ballot. If approved by the voters the 3.9 percent tax will be applied to electricity, gas, telephone and cable television services. Revenue from the tax will pay for police and fire protection and other basic city services including street and park maintenance. Newark city staff claim the tax will generate approximately $2.6 million annually. Bay East has not yet taken a position supporting or opposing the tax.

Remember .... "Dream Green"

Considering Moving to the Newark or 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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New Lender Disclosure Requirements

On Thursday, July 30, the Federal Reserve Board's Truth in Lending "Regulation Z" took effect and applied new disclosure requirements for both new mortgages and refinancings. Among other things, lenders must now provide good-faith estimates that include loan costs within three business days of receiving a loan application; a loan cannot close until a seven-day waiting period has ended; an updated disclosure must be provided if the loan's interest rate changes by more than 0.125 percent

The Mortgage Bankers Association has prepared a summary of Regulation Z which you may review by clicking here.

Meanwhile, the Federal Reserve Board has already circulated extensive changes to Regulation Z, which are now out for a 120 day public comment period. To review the proposed changes as published in the Federal Register, please click here.

Remember .... "Dream Green"

Considering Moving to the East Bay or Tri Valley 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

Summerize your home

It may seem hard to believe, but we've already waved goodbye to the beginning of summer. Before the hottest days of late summer descend upon us, consider tackling these summer projects:

Air conditioning-It's important to have your air conditioner in perfect working order. Taking care of any issues in the midst of a heat wave can potentially result in an increase in price, as well as an increase in the time it takes for a technician to visit your home. You should also replace any filters now. Simply remove the old one and take it to your local home improvement center. Sales representatives should have no problem finding its replacement.

Clean out your garage-Organizing a garage can be an excruciating experience during the hottest time of summer, so if that's something you need to do, check the upcoming weather reports and plan accordingly. Once you clean out your garage, either donate any unwanted items or sell them.

Paint-Summer is an ideal time to paint the interior of your home since the weather best lends itself to keeping your windows open, allowing the fresh air in and the paint fumes out. If you decide to paint the inside of your home, think about lightening the existing color as opposed to darkening it. Lighter colors are not only inviting, they create the illusion of a bigger, more open space.

Buy fans-Installing ceiling fans and using portable fans are great methods for cutting the heat inside your home. They are also far less expensive to use than an air conditioner. Using fans of any kind also enables you to keep windows open at night, allowing fresh air to circulate throughout the house.

Install dimmer switches-Dimmer switches not only add ambience, they also cut down on energy and the unwanted heat given off by brighter bulbs. Another tip is to use low-wattage light bulbs whenever possible.

Good luck and happy "summerizing!"

Remember .... "Dream Green"

Considering Moving to the East Bay or Tri Valley 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