November 2009 Market Action Report
THIS SATURDAY – December 19th, 2-8pm Do you appreciate fine, local art? Do you enjoy McMinnville’s quaint downtown in all of its Christmas glory? This Saturday you can particpate in the Art & Wine Walk along with a free carriage ride from 3pm-5pm with beautiful white horses and carriage provided by Don Price of
Tips on staging your living room.
“Location, Location, Location!” Everyone knows this is the most important consideration affecting value in real estate. But there is even more to it than that. The most basic principle for understanding and evaluating all real estate is this: All Real Estate is Local. It is very, very local, right down to the individual property.
Many sellers are tempted to take their listing off the market over the holidays. Here are ten reasons why it’s important to keep your listing active.
This year many people are asking how their property taxes can go up when the real market value of their homes is going down.
It seems like so long ago, but it was just a year ago that the financial markets were melting-down and our whole economy was seizing-up. People and institutions world-wide stopped everything to try to understand what was happening. Every one of our massive investment banks went bankrupt, were forcibly sold-off, or morphed into something completely… [Read More]
Scenario 1 I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a new home. I have lived in my current home for more than 5 consecutive years and am within the new income limits. I will go to settlement on November 20. Since the new law has gone into… [Read More]
Q. Can homebuyers claim the tax credit in advance of purchasing a property? A. No. The IRS has recently begun prosecuting people who have claimed credits where a purchase had not taken place.
Updated November 16, 2009 Summary: The Homebuyer Tax Credit, due to expire on November 30, has been extended and expanded in an effort to stimulate the housing sector. The new law, effective November 6, 2009, will continue to offer an $8,000 tax credit for first-time home-buyers, and now allows a $6,500 credit for many other… [Read More]