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Frazzano Team Web Site 2.0
December 2nd, 2010Investment Property Owners – New Tax Related Law 2011
December 1st, 2010Recipients of rental income from real estate are now generally subject to the same information reporting requirements as taxpayers engaged in a trade or business. In particular, rental income recipients making payments of $600 or more to a service provider (such as a plumber, painter or accountant) in the course of earning rental income are required to provide an information return (typically Form 1099-MISC) to the IRS and to the service provider. This provision will apply to payments made after Dec. 31, 2010.
Five Reasons a Seller May Reject Your Offer
November 20th, 2010Rejection is a hard thing to face in life, whether it’s at work, at home or from the owner of the home you hope to purchase
- The offer wasn’t enough for them to pay off their mortgage. For most sellers, the bottom line is paying off their mortgage. If your offer won’t cover the mortgage, they cannot accept it.
- They may have just been testing the waters to see what they can get for their home.
- Their plans may have changed. People put their homes on the market because they need to move, they want to upgrade their home, or they can no longer afford their home. If the circumstances change, they may not need to sell their home.
- Their deal may have fallen through. Perhaps your seller was buying another house contingent on the sale of their property. If something went wrong with that deal, they may not be able to sell their home to you.
- You may be asking too much of them. The seller may not have the time or money to make any repairs they think are insignificant. Perhaps you want to close too soon or would like to move in to the home before closing.
Don’t get depressed when a seller rejects your offer. There may be many reasons for their refusal. Help your real estate agent develop a counter offer, or move on to a new opportunity. There are a lot of homes on the market. You may be pleasantly surprised when you start looking again and find a home that fits your lifestyle even better!”
2010 API Scores Jump For Most Tri-Valley Schools
November 11th, 2010Nearly every Tri-Valley school posted gains in the California Department of Education’s 2010 Academic Performance Index (API) reports. The San Ramon Valley Unified School District (SRVUSD) posted the highest consolidated API score of 916. The Pleasanton Unified School District (PUSD) was a close second with a combined 2010 API score of 906. The Dublin Unified School District (DUSD) API increased by 24 points to earn a score of 878. The Livermore Valley Joint Unified School Distrct (LVJUSD) placed last in the Tri-Valley with a combined 2010 API score of 822.
San Ramon’s Dougherty Valley led the way for Tri-Valley high schools with a 2010 API of 909. Monte Vista (894) and San Ramon Valley (891) rounded out the top three high schools in the Tri-Valley. Livermore High School posted a 33 point increase, but it remains the lowest performing high school in the Tri-Valley with an API score of 802 for 2010. Granada High (840) and Dublin High (868) rounded out the bottom three high schools in the Tri-Valley.
Dublin’s top performing schools for 2010 were Dougherty Elementary (939), Green Elementary (933), and Fallon School (910); however, excluding Valley High Continuation School, these three schools actually posted the smallest API score improvements. In fact, Dougherty Elementary’s API score actually decreased by 5 points compared to 2009. Wells Middle School posted the largest gain, catapulting by 49 points to 838 in 2010 from 789 in 2009.
Dublin’s Frederiksen Elementary received the lowest API score at 861, but Frederiksen’s score did increase by 29 points in 2010 compared to its score in 2009. While Dublin High’s 2010 API score of 868 is the third lowest in DUSD, this gain of 26 points represents the second year Dublin High’s posting double-digit improvement.
Frazzano Team’s 3rd Annual Turkey Give-Away!
November 10th, 2010Be sure to register to win a FREE turkey! Winners will be announced on Thursday, November 18th, 2010. Last year we gave out over 25 Turkeys!
California Tax Credit Going Fast
August 25th, 2010The popular state homebuyer tax credit returned after running out of money last year in just 4 months. If you’re interested in obtaining a tax break to help reduce the cost of buying a house, you better act fast. Funding for the credit could be used up with-in 3 weeks. Association economists are projecting that funding set aside for the tax credit will be used up quickly, thanks to an unexpected flood of delayed closings by homeowners who hope to qualify for both the state and federal credits.
Hot Summer Nights Car Show Coming this week – Don’t miss it
August 22nd, 2010Hot Summer Nights Car Show
Location: Downtown Danville
Address: 400 Hartz Ave, Danville, CA 94526 | map it!
Date: Thursday, August 26th, 2010
Start Time: 4:00 PM
End Time: 9:00 PM
A street party like no other, Danville’s Hot Summer Nights Car Shows combine classic cars and camaraderie to create an evening of summer celebration. Downtown streets are lined with muscle cars, hot rods, and vintage rides dating back to 1969-some traditional and some sublime-while live bands play ’50s and ’60s music to people dancing in the streets. You can also browse the myriad of food, drink, and souvenir booths throughout, or stop off in one of the downtown shops or restaurants.
Frazzano Team #1 in Contra Costa & Alameda County 1/1/10 to 6/30/10
August 14th, 2010It’s nice to know that hard work pays off!
We were just notified that the Frazzano Team was #1 in closed sales volume, out of the thousands of agents and hundreds of offices in ALL of Contra Costa and Alameda County!
This is quite an accomplishment considering that many consider this to be a depressed market.
Our strategy is simple – to provide the best customer service possible which results in many referrals and past client business!
New Dublin Ranch Listing
June 17th, 2010We have a new listing at 5591 Newfields Lane in Dublin that is open this Saturday from 1 to 4. This home offers a very livable floor plan with 5 bedrooms, a loft and a bonus room! This home is in great condition and has numerous upgrades including slab granite kitchen counters, gleaming marble flooring with custom inlays, an upgraded master bathroom and much more. This is a great move up market as interest rates are at all time lows! Please be sure to stop by this Saturday!
Interest Rates Fall!
May 21st, 2010What a great time to buy a home! Interest rates are incredibly low again, we just had a client lock in a 30 year fixed rate at 4.625%. What a perfect move up market. Be sure to check out www.2450.LunadaLane.com. This home is open both Saturday and Sunday from 1 to 4. This home offers so much value!