First time home buyers be aware there are great opportunities out there for you right now! Are you wondering if you should rent or buy at this time? With the rental market heating up and more condominiums on the market for sale, buyers do have choices and face less competition than in previous years. A loan product called “Acorn Loan” will allow first time home buyers to borrow up to $500,000 and 100% financing is available. So before you sign a one year lease to rent why not investigate if you qualify to purchase. A 1 bedroom condominium is being offered for under $300,000 in San Bruno and there are several units for under $400,000 in Belmont, Foster City and San Mateo.  Don’t miss this opportunity to become a homeowner in San Mateo county.

 So your kids are off to college and you are no longer depending on your house to be located in a good school district in San Mateo county . Make room for the next generation of  young families to move into your neighborhood . With Proposition 60 in place you will be able to take your property tax with you as long as you purchase a new home of equal or lesser value in San Mateo county. (other counties cooperate)How about the Gramercy on the Park? Located right across from San Mateo’s Central Park in downtown San Mateo you have the convenience of shops, restaurants, movie theatres and medical facilities in walking distance. The Gramercy offers a 24 hour doorman service, an indoor swimming pool and a great location. Currently there are 3 units available. The Penthouse is offered for $ 1,750,000.00.

For more information about Proposition 60 go to:

http://www.smcare.org/

The Federal Reserve Bank send a strong message today to those home buyers who have been sitting on the fence wondering. The Feds cut the short term interest by half a percentage and cut the discount rate by another half point to 5.25 percent.

 Yes now is a good time to buy. If you can weather the new mortgage qualification guidelines and have been pre-approved with a respectable lender than this is a perfect time to purchase. With low interest rates and more inventory to choose from, buyers are facing less competition. Some sellers are even offering incentives that are very attractive.  From a four bedroom house in San Carlos for $ 750,000 to 5 one bedroom condos at Davey Glen Rd in Belmont. There are opportunities for buyers to negotiate a fair price. After all the market dictates the value of a property not sellers nor Realtors.

After many months of debating this issue, the large eucalyptus tree in front of the Easton Branch Library has been removed. Burlingame residents love their trees and are proud of it’s designation  as a “TREE CITY USA”. There was a lot of resistence to removing this 100-foot tree. Unfortunately the tree’s roots had lifted the pavement on Easton Drive and made driving quite dangerous especially at night. The Easton Addition neighborhood in Burlingame is a much desired area to live in. Besides the may trees and the charming recently renovated library, residents enjoy that you can walk to the Broadway or Burlingame  Avenue restaurant and shopping area. Many of the school children in this neighborhood walk or bike to Franklin, Lincoln or Roosevelt Elementary School every morning. Now is a great time to purchase a home in this lovely neighborhood. 30% of all homes for sale in Burlingame are located here.

For more information about the town of Burlingame go to:

  http://www.burlingame.org