Real Estate Open Houses on Cape Cod Updates:
Please join me for a day filled with open houses this coming weekend, Saturday, June 2nd. The first, from 10 AM to 1 PM, is a home for sale in Dennis Port just 4 homes from Swan River. This home has been tastefully updated and offers instant access to summer fun!. This might be an ideal First Time Home Buyer property. You can get 97%, 100% to 105% financing with full documentation loan. These rates start as low as 5.375% Fixed for 30 years, if you qualify according to income limits. The second, from 2 PM to 4 PM, is a classic Cape Cod antique home for sale in move in condition. Imagine, a home built in 1780 that is rich with history that only requires new owners to claim this classic showpeice.
A Warning to Those Who Use 1031 Exchanges
Investors using 1031 exchanges to defer capital-gains taxes on an investment property they have sold can run into trouble if the Internal Revenue Service-required qualified intermediary, known as a QI, has financial trouble.
IRS regulations say that investors can’t touch the money from the sale of an investment property and must use a QI to manage the money while their search for a “like kind” property to invest in. The IRS doesn’t place restrictions on where the money is invested.
In the past year, at least two independent QIs have allegedly misappropriated client funds. In one case, businessman Donald McGhan is accused of operating a Ponzi scheme with money in his care — he lost more than $95 million of customer proceeds. The 1031 Tax Group has filed for bankruptcy protection after its principals lost $151 million through bad investments and loans.
The Federation of Exchange Accommodators, the qualified intermediaries' industry-trade group, says it has been working with states and the federal government to enhance oversight of the industry.
Source: The Wall Street Journal, Peter Lattman and Kemba Dunham (05/26/07)
Click here to check for updates to Cape Cod Real Estate.
Wednesday, May 30, 2007
Friday, May 18, 2007
Bill Would Boost Home-Loan Limits for Veterans
Think Spring!
Don't let the rain get you down...Spring on Cape Cod...Still one of the most beautiful in years!
Real Estate Open Houses on Cape Cod Updates:
Please join me for a day filled with open houses this coming weekend, Saturday, May 19th. The first is a home for sale in Dennis Port just 4 homes from Swan River. This home has been tastefully updated and offers instant access to summer fun!. This might be an ideal First Time Home Buyer property. You can get 97%, 100% to 105% financing with full documentation loan. These rates start as low as 5.375% Fixed for 30 years, if you qualify according to income limits. The second is a classic Cape Cod antique home for sale in move in condition. Imagine, a home built in 1780 that is rich with history that only requires new owners to claim this classic showpeice.
The Real Estate Company Supports the Troops
The Real Estate Company is proud to announce a new program for returning military personnel that have served in Iraq or Afganistan since September 11, 2001. The program will be for Cape Cod Veterans who are residents and will be purchasing their first home in the area we service. They can receive a donation from The Real Estate Company up to $8,000 at the time of closing. The Real Estate Company has offices in four Lower Cape Cod towns serving Yarmouth to Provincetown. It has been family owned and operated since 1981. Cape Cod Real Estate and Homeownership Program for Veterans
Bill Would Boost Home-Loan Limits for Veterans
New legislation introduced in Congress Wednesday would expand opportunities for U.S. veterans to purchase, build, repair, or improve a home by increasing their access to low-interest loans through the VA Home Loan Guaranty program.
The NATIONAL ASSOCIATION OF REALTORS® is endorsing the legislation, named the 21st Century G.I. Bill of Rights Act, which was brought forth by Sen. Hillary Rodham Clinton (D-N.Y.) and Rep. Patrick Murphy (D-Pa.).
“As the leading advocates for homeownership and affordable housing, REALTORS® have long supported policies that make housing more accessible and affordable for America’s veterans,” said NAR President Pat V. Combs, who joined Clinton and others at Wednesday’s announcement. “We strongly support efforts to improve housing benefits for all veterans, no matter where they live.”
Under the 21st Century G.I. Bill of Rights Act, veterans will be exempt from paying loan fees and will be able to access to low-interest VA loans for homes valued up to $625,000. The current program caps loans at $417,000.
The bill will guarantee eligibility to all service members — Active Duty, National Guard and Reserves — who have served since September 11, 2001.
“The G.I. Bill has helped millions of soldiers transition successfully to civilian life,” Sen. Clinton said. “Now it is time to update and modernize the G.I. Bill for the 21st century to meet the needs of today’s soldiers, veterans, and their families — from education to housing and microloans to start small businesses.”
She said this legislation is the “right way to invest in the future of our service members and reward the service they have given to our country.”
— REALTOR® Magazine Online
Click here to check for updates to Cape Cod Real Estate.
Don't let the rain get you down...Spring on Cape Cod...Still one of the most beautiful in years!
Real Estate Open Houses on Cape Cod Updates:
Please join me for a day filled with open houses this coming weekend, Saturday, May 19th. The first is a home for sale in Dennis Port just 4 homes from Swan River. This home has been tastefully updated and offers instant access to summer fun!. This might be an ideal First Time Home Buyer property. You can get 97%, 100% to 105% financing with full documentation loan. These rates start as low as 5.375% Fixed for 30 years, if you qualify according to income limits. The second is a classic Cape Cod antique home for sale in move in condition. Imagine, a home built in 1780 that is rich with history that only requires new owners to claim this classic showpeice.
The Real Estate Company Supports the Troops
The Real Estate Company is proud to announce a new program for returning military personnel that have served in Iraq or Afganistan since September 11, 2001. The program will be for Cape Cod Veterans who are residents and will be purchasing their first home in the area we service. They can receive a donation from The Real Estate Company up to $8,000 at the time of closing. The Real Estate Company has offices in four Lower Cape Cod towns serving Yarmouth to Provincetown. It has been family owned and operated since 1981. Cape Cod Real Estate and Homeownership Program for Veterans
Bill Would Boost Home-Loan Limits for Veterans
New legislation introduced in Congress Wednesday would expand opportunities for U.S. veterans to purchase, build, repair, or improve a home by increasing their access to low-interest loans through the VA Home Loan Guaranty program.
The NATIONAL ASSOCIATION OF REALTORS® is endorsing the legislation, named the 21st Century G.I. Bill of Rights Act, which was brought forth by Sen. Hillary Rodham Clinton (D-N.Y.) and Rep. Patrick Murphy (D-Pa.).
“As the leading advocates for homeownership and affordable housing, REALTORS® have long supported policies that make housing more accessible and affordable for America’s veterans,” said NAR President Pat V. Combs, who joined Clinton and others at Wednesday’s announcement. “We strongly support efforts to improve housing benefits for all veterans, no matter where they live.”
Under the 21st Century G.I. Bill of Rights Act, veterans will be exempt from paying loan fees and will be able to access to low-interest VA loans for homes valued up to $625,000. The current program caps loans at $417,000.
The bill will guarantee eligibility to all service members — Active Duty, National Guard and Reserves — who have served since September 11, 2001.
“The G.I. Bill has helped millions of soldiers transition successfully to civilian life,” Sen. Clinton said. “Now it is time to update and modernize the G.I. Bill for the 21st century to meet the needs of today’s soldiers, veterans, and their families — from education to housing and microloans to start small businesses.”
She said this legislation is the “right way to invest in the future of our service members and reward the service they have given to our country.”
— REALTOR® Magazine Online
Click here to check for updates to Cape Cod Real Estate.
Monday, May 14, 2007
Do You Know What Your Buyers Want?
Spring has Sprung!
Climbing Roses are starting to climb, tulips are at full height...Spring on Cape Cod...one of the most beautiful in years!
Cape Cod Real Estate Updates:
Please join me for a day filled with open houses this coming weekend, Saturday, May 19th. The first is a home for sale in Dennis Port just 4 homes from Swan River. This home has been tastefully updated and offers instant access to summer fun!. This might be an ideal First Time Home Buyer property. You can get 97%, 100% to 105% financing with full documentation loan. These rates start as low as 5.375% Fixed for 30 years, if you qualify according to income limits. The second is a classic Cape Cod antique home for sale in move in condition. Imagine, a home built in 1780 that is rich with history that only requires new owners to claim this classic showpeice.
Do You Know What Buyers Want?
“Bigger isn’t better” is the message architects say they’re getting from consumers.
“Households are putting less focus on the amount of space in their homes and more on how that space is being used,” concludes the American Institute of Architects in its most recent quarterly Home Design Trends Survey.
“Rising home energy costs and concerns over affordability are resulting in a decrease in extra interior spaces that add to heating and cooling expenses,” observes AIA Chief Economist Kermit Baker. More than one-quarter of residential architects report that home sizes are decreasing. Slowing, too, is demand for volume created by higher ceilings, with only 31 percent of those surveyed reporting demand for higher ceilings compared with 47 percent in 2006 and 51 percent in 2005.
Flexible Designs
Compared with previous generations, Baker says “home owners are looking to use their homes differently and therefore are looking for different layouts.” Driving these changes are growing demands for accessibility: wider hallways, fewer steps, and homes with a single floor design. Almost three-quarters of architects, 74 percent, report increasing demand for accessibility.
Also high on consumer wish lists are rooms that can serve multiple needs of a household. More than two-thirds, 67 percent, of architects report increasing demand for multifunctional space, and 56 percent point to a growing trend toward more open space layouts.
Outdoor Living Still in Demand
Although lots are growing smaller, outdoor living continues to be strong, with two-thirds of architects noting this is a trend. Also in demand are spaces to help merge indoor and outdoor living.
Updated landscaping and outdoor amenities — such as fireplaces, gazebos, courtyards, swimming pools, and tennis courts — continue to become more desirable for consumers. There’s also strong demand for fences, walls, and outbuildings, such as barns, sheds, storage facilities, according to AIA.
— By Camilla McLaughlin for REALTOR® Magazine Online
Climbing Roses are starting to climb, tulips are at full height...Spring on Cape Cod...one of the most beautiful in years!
Cape Cod Real Estate Updates:
Please join me for a day filled with open houses this coming weekend, Saturday, May 19th. The first is a home for sale in Dennis Port just 4 homes from Swan River. This home has been tastefully updated and offers instant access to summer fun!. This might be an ideal First Time Home Buyer property. You can get 97%, 100% to 105% financing with full documentation loan. These rates start as low as 5.375% Fixed for 30 years, if you qualify according to income limits. The second is a classic Cape Cod antique home for sale in move in condition. Imagine, a home built in 1780 that is rich with history that only requires new owners to claim this classic showpeice.
Do You Know What Buyers Want?
“Bigger isn’t better” is the message architects say they’re getting from consumers.
“Households are putting less focus on the amount of space in their homes and more on how that space is being used,” concludes the American Institute of Architects in its most recent quarterly Home Design Trends Survey.
“Rising home energy costs and concerns over affordability are resulting in a decrease in extra interior spaces that add to heating and cooling expenses,” observes AIA Chief Economist Kermit Baker. More than one-quarter of residential architects report that home sizes are decreasing. Slowing, too, is demand for volume created by higher ceilings, with only 31 percent of those surveyed reporting demand for higher ceilings compared with 47 percent in 2006 and 51 percent in 2005.
Flexible Designs
Compared with previous generations, Baker says “home owners are looking to use their homes differently and therefore are looking for different layouts.” Driving these changes are growing demands for accessibility: wider hallways, fewer steps, and homes with a single floor design. Almost three-quarters of architects, 74 percent, report increasing demand for accessibility.
Also high on consumer wish lists are rooms that can serve multiple needs of a household. More than two-thirds, 67 percent, of architects report increasing demand for multifunctional space, and 56 percent point to a growing trend toward more open space layouts.
Outdoor Living Still in Demand
Although lots are growing smaller, outdoor living continues to be strong, with two-thirds of architects noting this is a trend. Also in demand are spaces to help merge indoor and outdoor living.
Updated landscaping and outdoor amenities — such as fireplaces, gazebos, courtyards, swimming pools, and tennis courts — continue to become more desirable for consumers. There’s also strong demand for fences, walls, and outbuildings, such as barns, sheds, storage facilities, according to AIA.
— By Camilla McLaughlin for REALTOR® Magazine Online
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