IET Real Estate Blog 
Los Angeles Real Estate Summer of 2010: "You gotta pay to play"
Tuesday, June 22nd, 2010 at 12:27am. 178 Views, 1 Comments.
Facts of Todays Los Angeles Real Estate Market
Prices are stabilizing, Bank owned inventory is going down, Short Sales are increasing which means long wait times, the fiasco in Europe is causing interest rates to drop to ridiculous levels, this will be the last hurrah for low interest rates, I think they will go up to the mid to high 5's and everyone will complain because they are too high which will slow down sales volumes and potentially have a downward effect on prices. The buyers that think they are going to wait to buy because prices are about to collapse won't get what they want, prices will yo-yo but obviously nothing like the drop we saw from 2005-2009. If you can't afford a house for sale in the Los Angeles Real Estate market you want to be in…
Top 10 sought-after home features
Tuesday, June 22nd, 2010 at 12:20am. 288 Views, 0 Comments.
Inman News posted an article (see link below) with some interesting statistics compiled by Zip Realty about what homebuyers want and equally as important, what they don't want.
Top 10 most desired home features and the percentage of respondents who ranked the feature as high priority:
1. Garage or parking space: 86.8 percent.
2. Master suite: 78.9 percent.
3. Ample storage space: 72 percent.
4. Large or walk-in closets: 66.5 percent.
5. Guest bedroom: 66.4 percent.
6. Outdoor entertainment area: 64.3 percent.
7. Gourmet or updated kitchen: 60.6 percent.
8. Breakfast room or eat-in kitchen: 55.8 percent.
9. Large yard: 43.2 percent.
10. Wood floors: 40.8 percent.
And sellers should keep in mind not only what homebuyers want, but also what they…
Get your Los Angeles County Property Taxes Re-assesed Starting Today 6/1/2010!!
Tuesday, June 1st, 2010 at 1:51pm. 254 Views, 0 Comments.
Whats the one good thing about dropping home values?
Getting your property taxes re-assessed.
Today, June 1st 2010 is the begginning of the period that the LA County Tax Assessor will begin to review appeal applications for decline in value. The Assessors office has automatically begun to proactively review values from January 1 to June 1, to see if you Los Angeles County property assesment has been reduced click here . If you disagree with the value, the last day to file for a formal assesment appeal is November 30th, 2010.
This process can be done online now and there is no charge to have your property reviewed for re-assessment.
**FEDERAL TAX CREDIT EXPIRES APRIL 30TH 2010*
Wednesday, April 28th, 2010 at 5:14pm. 184 Views, 0 Comments.
The federal tax credit for home buyers is set to expire on April 30th 2010!!
Buyers and Sellers need to be in a purchase contract by this date and the transaction needs to close escrow by June 30th 2010 to qualify for this tax credit.
This a hard federal government deadline and it will _NOT_ be extended!!
2010 State Tax Credit for New and First-Time California Home Buyer
Thursday, April 22nd, 2010 at 1:59am. 423 Views, 0 Comments.
Guidelines for the 2010 Tax Credit for New & First Time Home Buyers have been officially posted on the California Franchise Tax Boards website:
http://www.ftb.ca.gov/individuals/new_home_credit.shtml
Highligts:
- Max $10,000
- Starts for escrows closed after May 1st, 2010 and before January 2011
- Total amount of allocated tax credit for all taxpayers may not exceed $100 million for the New Home Credit and $100 million for the First-Time Buyer Credit
- State will allocate money for the tax credits on a first-come, first-served basis
No more Taxes after Short Sales for California Home Sellers
Tuesday, April 20th, 2010 at 5:24pm. 437 Views, 0 Comments.
Sellers that short sale Los Angeles Real Estate no longer have to pay California state income tax on debt forgiven in a short sale, foreclosure, or loan modification. Enacted into law April 12th 2010, Senate Bill 401 generally aligns California's tax treatment of mortgage debt relief income with federal law. For debt forgiven on a loan secured by a "qualified principal residence," borrowers will now be exempt from both federal and state income tax consequences. The existing federal exemption is for indebtedness up to $2 million, whereas the new California exemption is for indebtedness up to $800,000 and forgiven debt up to $500,000.
"Qualified principal residence" indebtedness is defined as debt incurred in acquiring, constructing, or substantially…
IET Real Estate has moved!!
Monday, April 12th, 2010 at 4:44pm. 127 Views, 0 Comments.
New Office Address:
3745 Long Beach Blvd
Suite 200
Long Beach, CA 90807
Old Office Address:
4425 Atlantic Ave.
Ste B21-A
Long Beach, CA 90807
We moved but not far, per Microsoft Streets & Trips (Great mapping program) we're only 1 mile from our previous location.
Free Grand Slam Breakfast at Denny's Restaurant Nationwide today 2/10/2010
Tuesday, February 9th, 2010 at 1:40pm. 258 Views, 0 Comments.
Is this a great country or what?!?!
Dennys Super Bowl Ad
From 6am-2pm
Its free on your birthday too!!
Here is a link to a Denny's restaurant locator near you
Help Haitian Earthquake Relief Efforts by Buying or Selling your next Property with IET Real Estate Los Angeles
Thursday, January 14th, 2010 at 1:57pm. 284 Views, 0 Comments.
For the next 6 months IET Real Estate & our affiliated Mortgage Brokerage (IET Capital) will donate $100 at close of escrow for every transaction to emergency relief efforts for victims of the 1/12/2010 earthquake in Haiti.
Please help us help those in desperate need.
Haiti Earthquake Relief - Donation Information Resources
Thursday, January 14th, 2010 at 2:05am. 361 Views, 0 Comments.
www.yele.org
www.google.com/haitiearthquake
unicef.org
redcross.org
doctorswithoutborders.org
The following organizations are accepting SMS donations in the US only:
- SMS text “HAITI” to 90999 to donate $10 to Red Cross relief efforts
- SMS text "YELE" to 501501 to Donate $5 to Yele Haiti’s Earthquake Relief efforts
Prisons have collapsed, prisoners have escaped. Country had minimal infrastructure before earthquake. Early Estimates are reporting that the death toll could be > 100,000. To put this number into perspective, less than 4,000 people died in the horrible attacks that took place September 11th 2001 in New York, so the death toll is on a magnitude nearly 30x greater. After shocks have been reported between 5.5-6.0 on the…
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