by Ted Mackel on August 8, 2010
(Aug 6th) From the Franchise Tax Board’s Website – California 1st time home buyers are being notified that the hundred million dollars allocated for tax credits is most likely already exhausted. The plan was to accept some 28,000 applications before the cutoff. There been over 31,000 applications submitted and the Franchise Tax Board has determined [...]
by Ted Mackel on May 2, 2010
Friday, April 30th – The 1st time home buyer tax credit expired at midnight June 30, 2010. Stick a fork in it’s done! Ding dong the witch is dead! Hallelujah! Okay what’s wrong with me? While the first-time home buyer’s tax credit was designed to stimulate the market and I’m sure you could probably find [...]
by Ted Mackel on April 27, 2010
So, you’re trying to figure out if you have California Tax Liability With The State of California if you sold your home via Short Sale or are planning to short sell your home. SB 401 is set to work in line with the IRS Mortgage Debt Relief Act of 2007 forgiving tax liabilities that could [...]
by Ted Mackel on April 11, 2010
Federal and California tax credits were created to lure home buyers into the market. Simi Valley home buyers have a small window of opportunity to take advantage of both tax credits and double-dip the system. The federal first-time home buyer tax credit of $8000 is set to expire April 30. More specifically, home buyers qualify [...]
by Ted Mackel on October 12, 2009
Should the listing Agent be present on Showings? What do you think? One consideration for California is that our trade areas cover far larger areas than other places in the United States. The Supra Lockbox system works very well in the Simi Valley Moorpark, Conejo Valley & San Fernando Valley areas. It is very easy [...]
by Ted Mackel on February 2, 2009
California High Speed Rail It will probably cost a fortune and everyone will complain, but like most public works projects, when completed it will be appreciated many years after it is built and operational. If you want to take train from Simi Valley to San Francisco. First you have to go downtown to Union station [...]
by Ted Mackel on October 15, 2008
Adjustable Rate Mortgage Reset Schedule Yesterday I attended the California Association of Realtors Tech Tuesday. At the Keynote session, we were given a quick economic look and the statistical data for future home buyers before digigng into prognosticating the tech trends coming for our business. Part of the discussion included how much longer we will [...]
by Ted Mackel on July 1, 2008
That’s right, you need to be handsfree in California while driving your car if you are using a cell phone. If you car is not Bluetooth ready, then you need to get a device. There is either the ear-bud style or a speaker phone style. For ear buds I see the Jawbone and the Motorola H680 [...]
by Ted Mackel on May 7, 2008
What is REO? Here’s one for the longtail and a sort of WIKI entry to my BLOG!!! In any business it is hard not to slip into the industry vernacular and forget that our audience may not really be following. REO is an acronym for Real Estate Owned. Here in Simi Valley and Moorpark an [...]