10 home sale marketing tips

The couple next door has listed their home with a local agent. They’ve been on the market for 90 days and haven’t sold. The question is: What’s keeping their house from selling? When a property comes on the market right next door to yours, most owners are watching to see how much their neighbors will

5 things to do to sell your home in 2011

1. Reality check yourself…ask yourself a few vital questions about the goals you have about selling your home.  Why do you need or want to sell? What would it take to make selling make sense? Next, look at your mortgage statement and find out what you owe and how much the payoff amount would be.  Then
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Guidelines for Anticipated FHA Repairs

Guidelines for Anticipated FHA Repairs Repair/Inspection Requirements FHA permits only “as-is” appraisals on existing properties. FHA appraisers will limit their repair requirements to only those items that pose a threat to the security/safety of an occupant and/or jeopardize the soundness and/or structural integrity of the property. Examples that may represent a risk include, but are
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Go green to save green!

Expanded Recovery Act Tax Credits Help Homeowners Winterize their Homes, Save Energy; Check Tax Credit Certification Before You Buy, IRS Advises Washington- People can now weatherize their homes and be rewarded for their efforts. According to the Internal Revenue Service, homeowners making energy-saving improvements this fall can cut their winter heating bills and lower their
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If the Bush Tax Cuts expire in 2010

The Bush tax cuts and credits are set to expire at the end of 2010. If they do expire, a lot of folks will experience a significant adjustment to their tax situation.  The “Bush tax cuts” refers to legislation enacted in 2001 and 2003. The cuts lowered tax rates on income, dividends, and capital gains; eliminated the
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Shakers and Stirrers, Wednesday November 17th!

Networking For Professionals presents PHILADELPHIA SHAKERS AND STIRRERS BUSINESS NETWORKING MIXER Wednesday 17 November 2010 Hosted by Kevin Toll Where?  Tavern 17, 220 South 17th Street, Philadelphia, PA 19103 When? 6:00pm – 8:00pm, Wednesday 17th November 2010 Cost: In Advance Online: Members: $10, Non-Members $15, At the door: $20 everyone, cash only. Event Description: *
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New Rules Require Rental Property Owners to Issue 1099s

The recently enacted Small Business Jobs Act contained one provision that may have escaped the notice of taxpayers who own rental property, but will affect them starting in January. Under the provision, owners of property who receive rental income will be required to issue Forms 1099 to service providers for payments of $600 or more
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Important FHA information for Condos

FHA announced several changes in the Condo Project Approval process.  One important change was the elimination of “spot approvals” and that the entire project would have to be approved in order for a unit in that project to receive FHA financing.  Another major change that initially many didn’t realize the importance that each project would
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Timelines for inspection contingency: What are the deadlines?

Though the revised Standard Agreement (“ASR”) has been available for the better part of a year, there is still great confusion regarding the timeline established in the Inspection Contingency.  There are those who insist that when a buyer submits a corrective proposal, the timeline is stretched to 17 days, with no exceptions.  This is not
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Mortgage Updates

Important numbers have been released from the Federal Reserve-first, the lending rate between banks will be held at 0 percent to 0.25 percent.  Second, the Federal Reserve announced they would going to put even more money into our sluggish economy. The Federal Reserve will purchase an additional $600 billion in long-term Treasury bonds over the
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