Welcome Back Readers! Thanks for stopping by again! There’s alot of emails that circulate during an election year, one of the most common ones this year relates to areal estate is that the federalhealth care legislation (affectionately called Obama-care) passed in March 2010 contains a 4.0% transfer tax on all real estate sold after 2012. You might be wondering if this is true or not. Well, in shortthe answer is no. There is no national transfer tax on all real estate.
But like all great myths, this one does have a small grain of truth to it. There is indeeda tax on certain real estate transactions specified in the bill, read on after the jump to find out more!
Welcome Back Readers! Thanks for stopping by again,I just wanted to take a minute and let you know about a new website from Fannie Mae. The site, www.KnowYourOptions.com is full of great information regarding forclosure and as the title would suggest, what your options are. Check it out and if you are thinking of selling your home to avoid foreclosure, call me,I will be happy to help you through!
For example, I wrote a post a few months ago about Fannie Mae offering 3.5% closing costs assistance/appliance credits for buyers. Due to the popularity of this program (according to Fannie Mae that is), they have extended the program through June!
Click through the “Read More” link after the jump for all the details!
Click the “read more” link to check out the video after the jump!
This week, I wanted to talk to you about snow and ice. Not just any snow, but huge amounts of snow and icewe had that according to NAR is bringing the national housing market to a halt. Or is it?
Watch the video after the jumpto see what I am talking about and why the thought that snow is stopping home sales anywhere in the nation is just WRONG! Oh, and that italian ice there in the picture? You’ll see why that’s there in the video too.