2013 sales tax on Home Purchase RED FLAG ALERT

Real Estate Agent with Allison James Estates & Homes 01079287

Real Estate sales tax:
Under the new health care bill - did you know that all real estate transactions are now subject to a 3.8% Sales Tax?  The bulk of these new taxes don't kick in until 2013 (presumably after Obama's re-election).  You can thank Nancy, Harry and Barack and your local Democrat Congressman for this one.  If you sell your $400,000 home, there will be a $15,200 tax.  This bill is set to screw the retiring generation who often downsize their homes.  Is this "Hope & Change" great or what.  Just about the time we could see a rebounding real estate market...

People have really lost their minds !!!!!
November 2010 is right around the corner.....

Tere Rice Realtor*
Short Sale 100% Closer
Buyers And Sellers

Please Check out my website to search for homes! www.temecularanchandhomes.com

Real Deal Properties
28581 Old Town Front St. #200
Temecula, Ca. 92690
fx 951-253-9261
web site www.temecularanchandhomes.com

Posted by

Realtor simple guideline to guesstimate a Homes values! Comparing apples with oranges? How to set values for embellishments? Do you think the old adage of Value equals Location, Location, Location, is true? Views, Pools, special interest additions can add desirability, and then Granite Counters, Travertine flooring, condition, square footage and any embellishments, upgrades, updates you can add to a property is worth 60-70% of the cost. This value will also be depreciated over time. Example would you consider if a twenty year old solid oak cabinette's
value even in good condition is equal in value to cabinets in the newer current color, or are they? Objective would be desirability.

Location is the basis for value. Like Homes within a one mile radius share values, and can be evaluated by sales per square foot within the last 3+ months. Pulses


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
home buyers
sales tax on home sales starting 2013

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Tere Rice

First Time Home Buyers, VA Buyers, Horse Ranches,
Home Values
Spam prevention

Additional Information