IRS Releases 10 Home Sales Tax Tips

By Beth Robertson, on August 17th, 2011%

Here are the IRS’s top 10 tax tips for home sellers:

1. In general, you are eligible to exclude the gain from income if you have owned and used your home as your main home for two years out of the five years prior to the date of its sale.

2. If you have a gain from the . . . → Read More: IRS Releases 10 Home Sales Tax Tips

Leave a comment   General    

Is Now a Good Time to Buy Real Estate?

By Beth Robertson, on August 10th, 2011%

A real estate agent will always say yes when asked if it’s a good time to buy a home. But, today’s market offers an unprecedented opportunity. Let me explain.

First, take mortgage rates during the peak of the bubble in 2007

30-year mortgage rates were in the low to mid 6% range. Today’s rates are in the . . . → Read More: Is Now a Good Time to Buy Real Estate?

Leave a comment   General

Carbon Monoxide Detector Required 7/1/2011

By Beth Robertson, on August 6th, 2011%

July 1, 2011

Carbon Monoxide Detectors
Owners are required to install Carbon Monoxide Detectors in existing Single Family Homes on July 1st.

The Carbon Monoxide Poisoning Prevention Act of 2010 requires that existing single family homes with 1-4 units have carbon monoxide detectors installed by July 1st. Other existing dwelling units such as apartments, hotels and motels must have . . . → Read More: Carbon Monoxide Detector Required 7/1/2011

One comment   General    

Preserve the Mortgage Interest Deduction

By Beth Robertson, on April 5th, 2011%

I just took action to Preserve, Protect, and Defend the Mortgage Interest Deduction. This issue is very important to keeping the dream of home ownership alive in America. Please write to your Congressional Representative today and ask them to stand resolute against eliminating or reducing MID as part of efforts to reform the tax code. 

Please go . . . → Read More: Preserve the Mortgage Interest Deduction

One comment   General