We’ve seen signs of an improving housing market all around us here in the Sacramento and Lake Tahoe region. Home sales have picked up, buyer demand is strong once again, and prices are ticking higher in many areas. Now, a…
Property Taxes Reassessed Upon Change of Ownership
This information was provided by my first choice in escrow, Cornerstone Title Company. Since, based upon the title of this article, you now know that the county assessor will do a reassessment of your property when you change ownership, lets…
I heard that there are two new taxes associated with real estate transactions in 2013
Obama Care Federal 3.8% Sales Tax: Q. Will my Real Estate closings, beginning in 2013, be subject to a new Federal 3.8% Sales Tax? A. In conjunction with the significant new Federal Health Care Reform legislation passed in 2010, the…
Coldwell Banker Realty Check — September 2012
Now that the housing market is picking up once again, a growing number of first-time homebuyers are jumping in, attracted by relatively low home prices in some areas and historically low mortgage interest rates. In fact, many first time…
PMI Tax Deductibility Expires December 31, 1012
If the increase in the upfront PMI and the increase in the monthly PMI for FHA buyers, wasn’t bad enough, it looks like these homeowners will also lose the tax deduction for these costs at the end of the year.…