homes: Isakson amendment gives $15K tax credit to homebuyers
- 02/05/09 01:10 AM
The U.S. Senate on Wednesday unanimously approved an amendment to the economic stimulus bill by U.S. Senator Johnny Isakson, R-Ga., that gives a $15,000 tax credit to anyone who buys a home in the next year.
Isakson’s amendment would provide a direct tax credit to any homebuyer who buys any home. The amount of the tax credit would be $15,000 or 10 percent of the purchase price, whichever is less. Purchases must be made within one year of the legislation’s enactment, and the tax credit would not have to be repaid.
The amendment would allow taxpayers to claim the credit on … (1 comments)
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homes: February Cybertips
- 02/04/09 01:28 AM
Trick #1: Phone Call Butler
Tired of paying big bucks for information? Tired of fumbling with pen and paper to write down a number? Those Google people never fail to amaze us. Now they have come up with an 800 number you can call and ask for any business in the country. They then dial it and connect to it for you.
You can use it from a land line or cell phone and, once programmed into your cell phone, you can get connected with one push of a button. In addition to dialing for you, you can request by business … (0 comments)
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homes: Washington Report: Lobbyist Groups Active
- 02/02/09 02:15 AM
Housing and mortgage groups were unusually active last week on Capitol Hill, pushing hard for a better tax credit to spur home purchases.In coordinated lobbying efforts, homebuilders, Realtors, bankers and mortgage companies focused on the Senate, where final details of a nine hundred billion dollar economic stimulus package were being hammered out all week.Four trade groups sent a joint letter to the Senate Finance Committee, which has responsibility for all tax-related aspects of the stimulus, applauding the committee's decision to make the existing seven thousand five hundred dollar tax credit nonrepayable as the House Ways and Means Committee voted to do … (0 comments)
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homes: Investor Report: Self-Storage Facilities
- 01/30/09 02:05 AM
It's not a high-glamour, high profile niche in real estate investing, but it could be one of the safer, cash-flow producers in tough economic times: We're talking about self-storage facilities for small-scale investors.Yes, there are lots of them out there -- more than 52,000 nationwide. But the industry racks up $20 billion a year in sales, according to Self Storage Association, the major trade group in the field, and people always need a place to keep their extra "stuff."Better yet, many centers generate positive cash flows even with unit vacancy rates above 30 percent, so small-scale local investors who have a … (0 comments)
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homes: 6601 N. Oconto - Corner Edison Park Home
- 01/29/09 02:10 AM
This home has been updated with all the essentials in 2007. New roof, central air, deck, & furnace have been installed in this home on a corner lot in Edison Park. New windows have also been installed throughout most of the home as well. For the larger family or if you like to entertain there is also a second kitchen and bar in the lower level. Large Living room with separate dining room and lovely kitchen with table space that overlooks your living room. Come and see all this home has to offer or view the many pictures and virtual tour … (0 comments)
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homes: Market Conditions
- 01/28/09 01:57 AM
The latest report from the National Association of Realtors (NAR) indicates that existing homes sales have risen, due to a jump in sales in the Western region of the United States.Despite this jump, NAR chief economist Lawrence Yun said the market is underperforming and hurting the broader economy. “We’ve added 25 million people to our population over the past decade and housing affordability conditions are the best we’ve seen since 1973, but household formation is much lower than expected. Consequently, there is a pent-up demand which could be unleashed with the right stimulus, including a non-repayable home buyer tax credit. The … (0 comments)
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homes: Top Five Myths About Loan Modification
- 01/27/09 01:38 AM
DETROIT--(BUSINESS WIRE)-- Ralph R. Roberts, consumer advocate and spokesperson for Federal Loan Modification Law Center, today released a list dispelling the top five myths about loan modification. Intended to better educate homeowners facing the prospect of losing their home in foreclosure, the following list demystifies the most common misconceptions surrounding the loan modification process.MYTH #1: My bank wants me out of my house. My bank wants my home. Banks and other lending institutions do not want to foreclose. They earn more money if you can make your payments. When they foreclose, they not only lose your monthly payments, but they also … (0 comments)
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homes: Fight building over judges redoing mortgages
- 01/26/09 03:26 AM
WASHINGTON - Most congressional Democrats say the quickest way to save homeowners like Troy Butler of Saginaw, Mich., is to let them declare bankruptcy and allow judges to dictate new mortgage terms.Easy, except the lenders that would absorb the pain — and lose control of any deals to ease the terms — do not want to get dragged into bankruptcy court by millions of overextended borrowers.Butler, 40, is a laid-off General Motors worker who has filed for bankruptcy. But the bankruptcy court has no authority to change the terms of his $90,000-plus mortgage that is more than double the value of … (0 comments)
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homes: 2031 Spring Ridge Dr. - Bi-Level in Arlington Heights
- 01/23/09 02:36 AM
Lovely spacious 3 bedroom, 2 full bathroom home with an attached 2.5 car garage on oversized lot. New flooring in kitchen, 2nd bedroom, and new carpeting in living room, dining room, & family room. New tear off roof and new deck connected to your covered patio. Whole house has been repainted and ceiling fans have been installed throughout the home. Lovely family room with wood burning fireplace with travertine tile approach and brick surround. This home has many newer features and has been cared for only by the original owners. View the many pictures and virtual tour at http://www.helenoliveri.com/listings/details.php?listing_id=476 and call … (0 comments)
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homes: Market Conditions
- 01/22/09 03:37 AM
With President Obama fresh into the new administration, many are wondering what will be in store for housing.In his inaugural address, Obama noted, "Our economy is badly weakened, a consequence of greed and irresponsibility on the part of some, but also our collective failure to make hard choices and prepare the nation for a new age. Homes have been lost; jobs shed; businesses shuttered." He gave also a motivating line that "starting today, we must pick ourselves up, dust ourselves off, and begin again the work of remaking America."This reworking of our systems will most definitely include the real estate and … (0 comments)
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homes: Builders Using Real Estate Auctions to Stimulate Business
- 01/21/09 03:11 AM
In an effort to stimulate business in what are for most the worst economic conditions in their lifetimes, builders are turning to real estate auctions to liquidate new home inventories. While there are several variations on the basic auction form, including time limits, minimum or maximum limits on bid prices, and special rules for determining the winning bidder(s) and sale price(s), many builders are reporting varying successes. Charlotte-based builder, Southampton Homes has recently engaged Tranzon/Metrolina to auction six custom homes to bidders searching for good values."The slow housing market in the Charlotte area is forcing owners to try new avenues to … (0 comments)
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homes: 100 Forest Ave - A Roselle Beauty!
- 01/20/09 01:58 AM
99% new construction home in Roselle. This home boasts 4 bedrooms and 4.5 bathrooms. Every bedroom has its own private full bath and the master suite has its very own steam shower and awesome two person Jacuzzi tub. There are hardwood floors throughout the first and second floors and attention has been paid to every detail in this home. The 26 x 15 Kitchen is a cook’s dream, with stunning cabinetry and stainless steel appliances overlooking your new deck and 77x 550 deep lot. View the virtual tour of this home and the many pictures it has to offer at http://www.helenoliveri.com/listings/details.php?listing_id=474 … (0 comments)
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homes: Tax Saving Options
- 01/19/09 02:18 AM
Tax filing season is just weeks away, but real estate investors, commercial property owners and developers still have tax-saving options they may not have considered. Realty Times talked last week with one of the country's top real estate tax advisors, John Michel, national real estate tax partner for the accounting firm of Grant Thornton, to get his advice. Unlike some CPAs and tax lawyers, Michel puts his expertise to work in his own investing -- he just recently bought an office building in downtown Cincinnati -- so he knows the practical aspects, not just the rulebook. Here are some of the … (0 comments)
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homes: Time Blocking
- 01/16/09 01:43 AM
Without making time for the most profitable activities, I can tell you exactly what will happen -- you are going to be spending time on the most urgent items which are almost never your most profitable activities. The reason why my lead generation book is so popular with top agents is because it points to the direction of the most profitable activities in real estate. One needs now to decipher how to implement these activities on a consistent basis.
Many of the activities we cover in our systems are not done consistently by many top agents in our country. For instance, … (0 comments)
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homes: 2347 Glenview Road - New Construction Home!
- 01/15/09 01:31 AM
This new construction home has it all. 5 Bedrooms, 5 full bathrooms, & attached 3 car garage with brick paver driveway. Many features in this home to list.. 2 tier brick paver patio in back, steam master shower & Jacuzzi tub in master suite, finished lower level w/wet bar & exercise rm. 2 fireplaces, hardwood floors throughout the first and second level, Beautiful cook’s kitchen with 42’ cabinets, island, granite counter, stainless steel appliances,, & eat in area with bay window open to the family room and door leading to your brick patio. Call today at 847-967-0022 to view this home … (0 comments)
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homes: 3714 Capri - Updated Town-home in Glenview
- 01/14/09 01:10 AM
Beautiful updated 3 story townhome with a private attached 1 car garage. Main floor has lovely antique birch clay tile with updated powder room and large updated kitchen with an inviting dining/eat in area. Oversized living room with bay window, master bedroom with vaulted ceilings, and updated master bath with soaker tub. This unit has the space you want for a price you have been looking for. Plenty of area amenities as well such as exercise facilities, indoor pool, and maintenance free living. Nothing to do but move right in. Call today at 847-967-0022 to schedule an appointment or view this … (0 comments)
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homes: All about your Reaction
- 01/13/09 02:09 AM
PJ Wade <!-- Body -->
Anyone who has hit a speed bump knows there's a right way and a wrong way to take this arbitrary, often irrational, obstacle to your intentions. The recession is a speed bump, a big one, but just a speed bump. If it is taken the right way, it will not be a barrier to a satisfying future, but a springboard -- your choice.
If you use the recession as an excuse for anything, you'll lose. If you decide to let these "down" times help you get ahead of those who seemed miles in front of you … (0 comments)
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homes: Clutter-Free Helps Sell Homes
- 01/09/09 01:30 AM
At the start of a new year a lot of us get motivated to give our homes a good cleaning. It's a way to clear the physical and mental clutter and, if you're selling your home, it's a must-do to help attract buyers.
According to HomeGain, cleaning up and de-cluttering can gain you thousands of dollars at the time of the sale and cost you as little as a few hundred dollars, if you use experts, to get the job done. Next week, I'll explore other repair areas that result in the greatest return; but this week, it's all about getting … (1 comments)
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homes: 2411 Illinois - Approved Short Sale at 750,000!
- 01/08/09 01:57 AM
Property listing courtesy of Keller Williams Realty Partners. EXCLUSIVE Listing Agent; Helen Oliveri.
For more information call 847-967-0022 or email Helen at helen@helenoliveri.com Visit helenoliveri.com for more information
… (0 comments)
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homes: Obama: $300 billion in tax cuts
- 01/07/09 01:26 AM
NEW YORK (CNNMoney.com) -- President-elect Barack Obama launched his campaign Monday for a massive package of tax cuts and spending proposals aimed at reviving an economy mired in recession.
Obama met with congressional leaders from both parties. He is also planning to deliver a major speech on the economy on Thursday, a senior Democratic official told CNN.
"The reason I'm here today is that we are going to present our latest ideas to Congress," Obama said. "We expect them to begin this week on this process."
The president-elect will propose roughly $300 billion in tax cuts for individuals and businesses. He … (0 comments)
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The U.S. Senate on Wednesday unanimously approved an amendment to the economic stimulus bill by U.S. Senator Johnny Isakson, R-Ga., that gives a $15,000 tax credit to anyone who buys a home in the next year.
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