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2717 Ladbrook Way in Sherwood Country Club – Aerial Video

Amazing estate home, grounds, location, and appointments.  Click on the link to see this fabulous property.       https://www.youtube.com/watch?v=eF9lP_z5Uos Sited above the 7th hole of the famed Jack Nicklaus’ course at Sherwood Country Club, this Southern Colonial estate home enjoys a premier double lot of 2.95 acres and the ultimate in privacy, serenity and views.  The 12,251′ home features 9 bedrooms, 13 baths, large and inviting public rooms.  The gourmet kitchen has granite counters, islands, and is adjacent to the family room with pairs of French doors to the outside.  Family and friend entertaining often occurs in the outdoor covered pavilion of over 3700′ and at any of the outdoor fireplaces, saltwater pool, spa, or soaking pool, or the cabana, fitness center, putting green, gazebo, sport court, batting cage, in-ground trampoline, or on the lush grounds.  It is all here……waiting for the discerning...

Here’s How to Take Action to Save Home Mortgage Interest Deduction

Thanks to so many of you who read yesterday’s blog and want to know how you go about taking action to let the Senate know your thoughts on preserving our real estate tax provisions which begins debate on July 26. Below are the links to the 2 California Senators:  Barbara Boxer and Dianne Feinstein. Click on each, fill out the form for “Legislation Policy” and add your comments.  I have included an abbreviated version of my blog from yesterday.  Feel free to cut and paste!  Here it is:   On July 26, I urge you in include and preserve tax provisions that are critical toreal estate and to home ownership and investment…especially to California. Specifically, please vote to 1) preserve the home mortgage interest deduction, 2) preserve deduction of property taxes, 3) preserve exclusion of capital gains on principal residences, 4) make permanent the exclusion of income from discharge of mortgage debt, 5) shorten depreciation periods for commercial and residential properties, and 6) maintain deferral of gain on like-kind exchanges. The Real Estate industry is crucial to a growing and prosperous economy and country, and touches the lives of more Americans through ownership and employment          than nearly any other industry.  Please do what it right in this crucial legislation!   1. Barbara Boxer: http://www.boxer.senate.gov/en/contact/ 2.  Dianne Feinstein https://www.feinstein.senate.gov/public/index.cfm/e-mail-me   The Senate Finance Committee and the SubCommittee on Taxation are the real key players in the tax reform legislation.  You can look all of them up online, but here are the links to the 8 Senators (and Chairmen) who serve on both the Committee and SubCommittee: 1.  Mark Baucus,...

Important Tax Info: Your Mortgage Interest Deduction is at Risk!

Tax Reform is underway on Capitol Hill.  The process will begin in earnest on July 26, 2013 when the Senators submit their tax priorities to leaders of the Senate Finance committee.  Leading up to that, the Senate adopted a “Blank Slate” approach that initially eliminates every provision in the tax code, including those that encourage real estate ownership and investment.    What will be removed from the tax code on July 26 in order to create the “Blank Slate” will be tax deductions for mortgage interest, tax exemptions such as capital gains exemption on sale of a primary residence, and tax credits such as energy efficiency tax credits.  With values in California among the highest in the U.S. and with real estate ownership and investment also among the highest, California would be dramatically impacted by elimination or major modification to these provisions. When Senators submit their new priorities on July 26, that means they will request which tax expenditures be added to (or back to) the blank reform legislation.  Senators are asking for input on what tax provisions should be maintained, modified, or improved in a potential tax reform bill.  Now is the time to make our voices heard now so real estate provisions are on the top of the Senators’ lists.  We need to be a voice for the seventy-five million homeowners, as well as the tens of millions of Americans who are directly or indirectly invested in real estate and related fields.  When approaching tax reform, Congress should be careful not to inflict adverse consequences on either the economy or the unique legacy that homeownership and real...

If Not Now, When?

Read that phrase aloud a few times…”If not now, when?” It reminds me of a poem my grandmother would say: “Mr. Meant-To had a friend. His name was Didn’t Do. Have you ever chanced to meet them? Have they ever called on you? These 2 fellows live together in the house of Never-Win, And I’m told that it is haunted by the Ghost of Might-Have-Been” We have clients who tell us they aren’t going to buy a home now because interest rates are going up …or they think they will go down again …or they will wait until prices decrease, or increase, or, or, or…there can be some many reasons. Our question back to prospective buyers has to be “If not now, when?” And “when is when” going to happen? How do you know when “when” has arrived? We have clients who tell us they aren’t going to sell now because the housing inventory is so low they can’t buy the home they want if they sell. Or, they are going to wait until home prices go back to the place they were when their home had the greatest value. Or, or, or… Our question back is the same: “If not now, when?” “When is when” going to happen? How will you know? Yes, interest rates have been lower……but that boat sailed. Yes, home prices were higher……but that boat is still out on some faraway sea. Yes, inventory is less than in the past… but we’ve never had a seller out on the street. There are solutions to every question, except the big one: “If not not, when?” We...

Don’t Let Congress Cut California Loan Limits!!

Housing is both the backbone and the economic engine that drives the U.S. economy and we have seen amazing strides in the last year. The proposed U.S Senate Bill #1271 – the GSE Reform Bill – calls for winding down Fannie Mae and Freddie Mac’s operations over five years and encourages more private capital to enter the mortgage market. However, the bill reduces the single-family conforming limit from $625,500 in high-cost areas to $417,000 by the end of five years. This is disastrous for California as we are a high-cost state and our Homeowners, whether buyers or sellers, should not be penalized by the reduction in loan limits. To quote the California Association of Realtors, “While the bill is a starting point, any final legislation must not hinder liquidity for qualified homebuyers, especially in a down market.” “California, in particular, will be adversely impacted by this bill, which seeks to lower loan limits in high-cost areas, thereby making it more difficult for California homebuyers to get equal access to affordable mortgage capital and reducing homeownership opportunities,” said CAR president Don Faught. Let your State Senators – who both oppose the bill – know your feelings as well as your State Representative, as this bill will ultimately reach the House of Representative, who has a track record of voting against “things that aid...

Foreign Investors in U.S. Real Estate – Wonderful for our Economy

If the U.S. economy is as bad as some would have you believe, why do foreign investors continue to flock to our shores to buy our homes, apartment buildings, commercial buildings, land, and anything that smells like “real estate”. Simple: we are the place still most desired, still the safest for investment, still the darling of the world. In 2012, according to the National Association of Realtors, sales to foreign investors will reach 82 Billion in 2012! That will be a 24% increase Year-Over-Year from 2011. The most popular states for foreign investors are California, Florida, Arizona and Texas and the highest number of investors come from China, Canada, and South America. One of the reasons we are with ReMax is because they have the strongest global presence now and for the future among all real estate firms. This helps our Sellers benefit from exposure to the foreign investors and brings us buyers who want to be part of the U.S. real estate market. Global.Remax.com is the dedicated site that has 650,000 ReMax listings to present to the world. On that site – in any of 20 languages and in 85 countries, foreign investors can preview our fabulous listings and interact directly with us. Let us help you and your foreign buyers find your next...

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