If you've been holding back on getting involved with the new $6,500 federal tax credit for repeat home purchases, there's no more excuse for inaction. You now have all the official IRS guidance you'll need to buy a house, qualify for the credit and pocket the $6,500. 6. On Jan. The credit is for up to 10 percent of the price of the replacement home, capped at $6,500. Get moving. More
Real Estate Agents know how to sell their own homes and get top dollar. Selling homes is what they do. They package, market and sell homes for a living and they know what home buyers want. Here is a list of exactly what real estate agents do when preparing their own home for sale.The ExteriorReal estate agents understand how important 'Curb Appeal' is. Shouldn't it be a good one? More
Until now (12/07), if the value of your house declines and your bank/lender forgives a portion of your mortgage (via a short sale or deed in lieu), the tax code treats the amount forgiven as ordinary taxable income. For a borrower already financially strapped, this makes a bad situation worse. More
Sell house fast is possible directly to home buyers, which means you get more money for your property and don’t have to deal with all the organizational processes. In addition to describing the size of the living space and land, the year of construction, and other technical data, provide information about the surrounding area, the ecology of the region, the landscaping. More
The Blessings of Homeownership!By Sharman G.
You Establish Credit: Homeownership allows you to establish financial trustworthiness. Your continuous payment on a mortgage will raise your credit rating, and will assist you in the future when you apply for other loans. 2. You pay yearly property taxes. More
David Wengerd, Founder and President of Classic Quality Homes, believes a home should be so much more – a safe haven, the epicenter of daily life and a place where memories are made and generations are born. “Buying a home is the most significant purchase most people will ever make,” Wengerd says. had surpassed $200,000. “We love building houses. More
One concern that I had from the inception was that the tax credit could not be used at the time of sale. This limited the "stimulus" effect. FHA did allow some kind of loan so that the credit could be borrowed (we need to start to shudder when the word “borrow” comes into the conversation.) in advance and used for closing costs. And so on. www.markgoldman.com More
Introduction
Southgroup Real Estate Investments was founded in 2001 to cater to the needs of investors and clients seeking creative real estate opportunities. As a result of Southgroup’s singular focus on investors, Southgroup has continually evolved its strategies to deliver strong results for our expanding client-base.
Why Southgroup? More
Addition to the New CA Short Sale Laws Video
There is a new California law that will protect homeowners while pursuing short sales by prohibiting first and secondary lien holders from going after sellers for money owed after the short sales close. This new law, which became effective immediately, now prohibits secondary lien holders from pursuing deficiencies after a short sale closes. More
From the Los Angeles Times
Southern California home prices fall, affordability returns to normal
January's median sales price falls 40% from a year earlier, to $250,000. As the Southland's bubble continues to deflate, the ratio of price to income has returned to historical levels, analysts say. By Peter Y. "It's bubble psychology. More
