Jim's Blog - Archives January, 2008

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Will The Economic Stimulus Plan Help Real Estate? - 01/31/08 06:03 AM

Yes! Most of the publicity has been directed to the checks the citizens will get, but the real estate industry is excited about a different component of the package. The House plan calls for an increase in Fannie Mae and FHA loan limits from $417,000 to $729,750, or 125% of the … (6 comments)

We Still Keep Hearing About Short Sales ... Are They Real and Why Should We Do It? - 01/23/08 11:46 AM

Short sales are very real but they have become as confusing as the market itself. There are several aspects to a short sale when you are considering one. The first is to make sure you qualify, i.e.- you owe more than the property is worth (call your agent for a current … (0 comments)

Giant Price Reduction! Excellent Housing Value - the best in the Neighborhood! - 01/16/08 09:29 PM

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Tremendous 19 Acre Parcel with excellent Water Rights! Carson Valley's Best - 01/16/08 09:26 PM

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Does the REALTOR's Code of Ethics keep up with technology changes? - 01/16/08 11:01 AM

Indeed it does. There were several changes to the Code of Ethics regarding technology that were implemented January 2007 on which we reported to you here. Recognizing that some agents continued activities that are contrary to professionalism and the public interest, the National Association of Realtors made two additional "technology" amendments, … (0 comments)

Follow Up on the Nevada Homestead Act - 01/13/08 11:44 AM

We've had many inquiries lately regarding the act of filing a homestead on a primary residence as protection from credit cards debt. The Nevada Homestead Act does not protect a homeowner from any debt that was voluntarily incurred. This category includes mortgage financing, credit card debt, auto financing, lines of credit … (5 comments)

Recently Reduced! Extraordinary Opportunity in Gardnerville, NV Must See! - 01/12/08 02:32 PM

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I Heard Buyers Need to Put More Money Down ... Is That True? - 01/09/08 02:01 PM

You might have caught wind of Fannie Mae's Announcement 07-22 dated December 5, 2007. That announcement established some new guidelines for lending in a "down market", the most impactive of which is the requirement for an additional 5% down in such a market. Example: the requirement will mean that a 100% … (9 comments)

Every Region Has Threats From Nature ... What Do We Face In Carson Valley? - 01/05/08 07:00 AM

A timely question with the major fires in Southern California, and the recent fire experience of our neighbors to the West, South Lake Tahoe. The Valley has a variety of natural structure and personal safety threats depending on where in the Valley you are located. Earthquake faults are identified throughout the … (0 comments)

Carson Valley Homesites - 01/05/08 06:52 AM

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Its January ... Are There Any New Laws Affecting Real Estate? - 01/02/08 07:21 PM

Its January ... are there any new laws affecting real estate?
Though the Nevada Legislature meets every other year, the results of the last legislative session take effect over an extended period depending on the complexity of implementing the new law. Several new, or changed, laws that impact real estate took effect … (0 comments)

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