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In the spirit of the upcoming elections, this week's Baron and Chestney Real Estate survey focuses on things political. Namely, in an effort to help stabilize the housing market, which is arguably the backbone of the American economy, Uncle Sam has finally passed a bill that will translate into some actual, realizable benefits for some San Francisco Bay Area folks who are looking to purchase a home. The bill has many provisions, but, among the most important are several that apply to home buyers. So, this Baron and Chestney Real Estate survey asks the question -- which of the following provisions are included in the recent housing relief bill passed by Congress? This time aound, we will give you a very useful hint -- the correct answers to this real estate survey are contained in our Market Newsflash section of our website. So, make your best educated guess, but then do go visit the Market Newsflash section of our site so that you can keep up on the new housing laws and how they can potentially affect you. You may be pleased at what you learn! So, which of the following provisions are included in the housing relief bill recently passed by Congress?

The maximum conforming loan limit will be $729,500, but only until 12/31/08. This applies for Veterans Administration loans as well.
A maximum $7500 tax credit will be given to first time home buyers.
The federal government will back Fannie Mae and Freddie Mac such as to prevent their financial collapse in the event of further economic turmoil.
After 12/31/08, the new maximum conforming loan limit will be $625,500.
All of the above.


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Historic Sonoma City Hall, Sonoma County, CA
Historic Sonoma City Hall, Sonoma County, CA

 
Baron & Chestney Real Estate offers FULL SERVICE discount real estate brokers who will sell your San Francisco Bay Area home for a discount realtor commission of only 2% to 4% in TOTAL.  Home buyers who purchase a home using our home buyer rebate program will get a realtor rebate of up to 2% of the selling price of the home.  Serving your discount real estate needs throughout 10 San Francisco Bay Area counties, our discount realtors will save you THOUSANDS of dollars in real estate commissions, whether you are selling a home or buying a home, or BOTH! Call a Baron & Chestney Real Estate discount real estate broker today, and let our home seller discount real estate commissions and home buyer discount realtor rebates save you thousands of dollars in realtor commissions on your next bay area realty transaction! Call US first!
 

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