Viewing Posts for July 2012. 4 Posts Found.
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The 3.8% Real Estate Tax Contained in ObamaCare - Effective January 1, 2013

Beginning January 1, 2013, a new 3.8% tax on some investment income will take effect.  This tax will affect SOME real estate transactions.  It is a complicated tax.  It WILL NOT be imposed on all real estate transactions.  THIS IS A COMMON MISCONCEPTION. The new tax applies to individuals with adjusted gross income above $200,000 or couples filing a joint return with more than ...
Posted by Robert Lennie on 07/19/2012

The June 2012 Minneapolis/St. Paul Recovering Housing Report

The Minneapolis Area Association of REALTORS® just released their June report on the housing market in our area and their are some very positive signs, all without government help or special programs. The median sales price is up 10.7% over June '11, now at $179,500, while days on market has dropped by 22% from 145 days last June to 113 days in June of 2012.  Pending sales both for the month ...
Posted by Robert Lennie on 07/12/2012

Home Protection Plans - Benefits Both Buyer's & Seller's

Today, purchase agreements in Minnesota advise the buyer and seller to "investigate the various home protection/warranty plans available for purchase" and give the parties an option to obtain a plan to  be purchased by either party.  So, let's discuss why a seller may want to provide a plan or why the buyer may want to request a protection plan be provided. When a seller is preparing ...
Posted by Robert Lennie on 07/02/2012

Short Sale vs Foreclosure "When can I buy a home again?"

Experiencing a damaging credit event like a foreclosure, short sale or bankruptcy doesn't mean you will never be eligible for a mortgage again.  The following is a breakdown of the typical waiting period before a client can be approved for a mortgage from a local attorneys office.  Extenuating circumastances may shorten waiting periods further. Foreclosure: on a conventional loan-7 years ...
Posted by Tim Kloncz on 07/02/2012
Viewing Posts for July 2012. 4 Posts Found.
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