Naples, Florida: 877-352-6404
Blue Bell, Pennsylvania: 215-542-7700

Real Estate Blog

Thursday, October 19, 2017

Calling all Brokers, Realtors, and Investors! Come by and celebrate with RMC Realty International on October 19th, 2017 from 1-4 pm on the completion of our beautiful 465 18th Ave. S. property! We will be serving hors-d'oeuvres and cocktails to celebrate. Be sure to leave your business card for a special drawing. We hope to see you there! Call RMC Realty International for more information. (239) 352-6400

Comments: 0

Wednesday, January 30, 2013
Tags:   Home Sellers, 2012, home buyers, Property, Market, Sales Price, Vero Beach Real Estate

Congress’s down-to-the-wire fiscal cliff deal on tax changes, which included some goodies for home owners, has put the IRS behind the eight ball. It’s scrambling to create new tax forms and modify old ones to reflect the tax code changes.

So if you’re raring to collect your due (and you’re eligible to), time to get Zen and sit tight.

In case you missed it, Congress resurrected:

Mortgage cancellation relief

Energy tax credits

The PMI deduction

So that’s the cool part. Now for the paperwork part. What Kind of Delays are We Talking About?

The IRS was planning to have the 1040 — the workhorse form pretty much all of us have to fill out — on its website by Jan. 22. But now, it’s going to be Jan. 30. That means you can’t file your return until Jan. 30. It doesn’t matter if you file online or with paper — as far as filing is concerned, the IRS is closed for business until Jan. 30.

Still, that’s just over a week, and the various records you receive from banks, brokerages, and employers might not be ready until the end of January anyway. So it’s not a biggie.

But if you’re claiming the energy credits with Form 5695, you’ll have to wait longer. The IRS doesn’t even know when that form, along with many others, will be available. End of February? Beginning of March? Stay tuned.

Regardless, you should still be able to meet the April 15 deadline.

For now, gather your paperwork, such as proof of any credits you’re entitled to, so when the IRS is ready, you are, too. And check with your tax pro or customer service department of the software you use to make sure they’re up to speed as well.

In a rush to claim the home owner tax benefits Congress reinstated? Not so fast. The IRS isn’t ready to accept your tax returns.

Congress’s down-to-the-wire fiscal cliff deal on tax changes, which included some goodies for home owners, has put the IRS behind the eight ball. It’s scrambling to create new tax forms and modify old ones to reflect the tax code changes.

So if you’re raring to collect your due (and you’re eligible to), time to get Zen and sit tight.

In case you missed it, Congress resurrected:

Mortgage cancellation relief

Energy tax credits

The PMI deduction

So that’s the cool part. Now for the paperwork part.

What Kind of Delays are We Talking About?

The IRS was planning to have the 1040 — the workhorse form pretty much all of us have to fill out — on its website by Jan. 22. But now, it’s going to be Jan. 30. That means you can’t file your return until Jan. 30. It doesn’t matter if you file online or with paper — as far as filing is concerned, the IRS is closed for business until Jan. 30.

Still, that’s just over a week, and the various records you receive from banks, brokerages, and employers might not be ready until the end of January anyway. So it’s not a biggie.

But if you’re claiming the energy credits with Form 5695, you’ll have to wait longer. The IRS doesn’t even know when that form, along with many others, will be available. End of February? Beginning of March? Stay tuned.

Regardless, you should still be able to meet the April 15 deadline.

For now, gather your paperwork, such as proof of any credits you’re entitled to, so when the IRS is ready, you are, too. And check with your tax pro or customer service department of the software you use to make sure they’re up to speed as well.

Comments: 0

Wednesday, January 30, 2013
Tags:   home buyers, Sales Price, 2012, Market, Home Sellers, Property, Vero Beach Real Estate

 

Home owners win two important tax benefits in the fiscal cliff deal.

The fiscal cliff deal Congress passed this week lets home owners keep the tax deduction for private mortgage insurance payments. It also says troubled home owners won’t owe income tax on amounts forgiven during a mortgage workout or foreclosure.

PMI is what you pay your lender each month if you put down less than 20% on a home, which protects the lender if you default on the home loan.

Without mortgage cancellation relief, home owners who have a portion of their mortgage forgiven as part of a workout plan, short sale, or foreclosure would have to pay income tax on the forgiven amount.

In addition, the American Taxpayer Relief Act of 2012 lets home owners continue to keep up to $500,000 ($250,000 for individuals) in home sale profits tax-free. Only home sellers whose income is $450,000 or above (or singles earning $400,000 or more) and who net more $500,000 on the sale of their home would pay taxes on the excess capital gains. For the vast majority of home sellers, there’s no change.

For those earning above the $400,000-$450,000 threshold, the cap gains rate would rise to 20% from 15%.

Congress extended the tax deductions for all mortgage insurance premiums and for state and local property taxes, which, along with the mortgage interest deduction, are important tax considerations for home owners and buyers.

Comments: 0

Wednesday, November 28, 2012
Tags:   home buyers, Sales Price, 2012, Market, Home Sellers, Property, Vero Beach Real Estate

Option 2: You might get a letter asking you to take down your decor.

Option 3: You might get fined for breaking condo rules.

Constructive ways to balance your need to deck the halls with condo rules that ban decorations:

Talk to your neighbors

Take your holiday case to the board

"Don’t criticize or start calling anyone names. Suggest to your board they amend their rules to allow for holiday decorations within limits," Poliakoff says. Offer to write an email or letter outlining a holiday decorating exception that runs during a set period like Dec. 15 to Jan. 1.

Check state laws on condo rules

"There are laws in some states that do allow the display of items such as religious items or wreaths," Poliakoff says.

If you can argue state law, sharing a copy of the law with the condo rule-makers may get them to change their minds about holiday decorations. If it doesn’t, you can consult a lawyer to find out about how much it will cost to sue your condo board to force it to follow state laws.

By: Marcia Jedd

For more information on local holiday rules, contact Bristol Properties International via email at Bristol@BristolRE.com. 

Check your condo rules before you put up that menorah or Santa decoration, or you might find yourself taking your holiday decorations down a lot sooner than you planned.

 

If you’re one of the 62 million Americans living in condo and home owners associations (HOAs), you don’t get to take a holiday break from condo rules. Humbug, you say? Well…

"A hallmark of a shared ownership community is that you give up some of your rights for the good of the community. If there are restrictions involving holiday decorations, including lights and signage, you’re generally bound by them," says Ryan Poliakoff, co-author of New Neighborhoods: The Consumer’s Guide to Condominium, Co-Op and HOA Living.

I want to flout condo rules and put up holiday decorations despite an HOA rule banning them. What’s going to happen to me?

Option 1: Nothing may happen because the HOA rules aren’t enforced.

 

Comments: 0

Wednesday, October 17, 2012
Tags:   home buyers, Sales Price, 2012, Market, Home Sellers, Property, Vero Beach Real Estate
Are you haunted by strange noises and weird odors? With the proper maintenance, you’ve got more than a ghost of a chance to rest easy. If you neglect your home maintenance projects, you could end up with problems scarier than any ghost or goblin. Creaking and popping in the night The many materials that make up your house — wood framing, plywood, glass, metal ducts, nails, plumbing pipes — all expand and contract at different rates. When a house cools at night, these materials may move slightly, rubbing against each other and making noises. Occasionally, they’ll contract with an audible pop. These sounds tend to be more noticeable in fall, when warm days give way to rapidly cooling nights. The bad news? Not much you can do about it. The good news? Those sounds are harmless and normal. Zombie odor It’s either time to throw out the garbage, or you’d better call your gas utility to check on your gas lines and connections. Natural gas is odorless, but natural gas suppliers add a foul-smelling odorant — butyl mercaptan — to alert occupants to any leaks. The smell is like rotten eggs. Leaks can occur at your gas-fired water heater, fireplace, clothes dryer, and any gas line. Leaking natural gas is potentially dangerous — leave the house and call your natural gas provider to assess the situation. Most utility companies perform safety checks for free. Footsteps in the attic Amplified by an unfinished attic space, a raccoon or even a good-size squirrel on your roof might sound like an ax murderer is doing the polka overhead. These rooftop transits are normal for critters — roofs offer a nice long unobstructed highway. Make sure your soffit, rafter, and gable roof vents are covered with screens and in good shape, or your rooftop buddies might find their way into your attic for real. Trim back branches that provide critters easy access to your roof. Something’s burning You can smell the odor of burnt wood, but the smoke detectors aren’t going off and there’s no smoke in the house. The culprit could be your fireplace — even if you haven’t had a fire for days. The probable cause is a drafty chimney and negative air pressure in your home, meaning that outside air is infiltrating down your chimney, bringing stale burnt smells with it. Stop drafts by making sure your damper has a good seal. Regulate air pressure by adding more cold air return ducts to your HVAC system. You’ll get rid of the odor and save on your energy bill, too. Moaning and clattering These classic spooky sounds often show up when the wind blows and there’s a storm brewing. Vents for clothes dryers, bathrooms, and water heaters exit out the roof or the side of the house. To prevent backdrafts, these vents have dampers — flaps designed to let vented air out and prevent outside air from coming in. These flaps sometimes move and rattle in high winds. Because dampers often are located in attics or in between floor joists, the sound can be difficult to pinpoint. You may need a new damper ($85). For more household suggestions, call the real estate experts at Bristol Properties International at 561-347-1303 in Boca Raton or 239-352-6400 in Naples, Florida.
Comments: 0

Thursday, August 23, 2012
Tags:   home buyers, Sales Price, 2012, Market, Home Sellers, Property, Vero Beach Real Estate

Conduct a do-it-yourself home security check by walking around your house to assess what needs to be done to reduce the risk of a break-in.

A professionally installed and monitored home security system is a nice addition to your home’s defenses, but it shouldn’t be step one. First, conduct your own home security check. After you’ve inspected your home’s doors and windows, make sure these essential steps are covered:

1. Keep your home well-maintained on the outside.

Burglars want an easy target. Stand on the street outside your house and ask yourself: Does my property look neglected, hidden, or uninhabited? A front door or walkway that’s obscured by shrubbery offers crooks the perfect cover they need while they break a door or window. To improve security, trim shrubs away from windows and widen front walks.

2. Install motion detector lights.

All sides of your house should be well-lit with motion-activated lighting, not just the front. Simple motion-activated floodlights cost less than $50 each, and installing them is an easy DIY job if the wiring is already in place.

3. Store your valuables.

Thieves want easy-to-grab electronics, cash, jewelry, and other valuables, though some are not above running down the street with your flat-screen TV. Most make a beeline for the master bedroom, because that’s where you’re likely to hide spare cash, jewelry, even guns.

Tour each room and ask yourself: is there anything here that I can move to a safe deposit box? Installing a home safe ($150 to $500) that’s bolted to your basement slab is a good repository for items you don’t use on a daily basis.

4. Secure your data.

While you probably won’t be putting your home computer in a safe anytime soon, take steps to back up the personal information stored on it. Password protect your login screen, and always shut off your computer when not in use (you’ll save energy, too!) Don’t overlook irreplaceable items whose value may hard to quantify, like digital photos.

5. Prepare ahead of time in case the worst happens.

Take a photo or video inventory of items of value in your home, and store the file online or in your home safe. Check that you’re properly insured for theft. Note that high-ticket items in your home office, such as computers, professional camera equipment, or other business essentials, may require an additional rider or a separate policy.

For more information on how to secure your home, especially when available for sale, please contact Bristol Properties International at Bristol@BristolRE.com.

Published: November 12, 2010 - By: Joseph D'Agnese

Comments: 0

< Back
Search by Map
Waterfront and Golf Communities
Foreclosure Search
Bristol Resources
Family of Services
What's my home Worth?
Mortgage Calculator and Rates
Investment and Commercial
Great Schools
Receive Email Alerts
Client Login
Bookmark This Site
Updated: Saturday, November 18, 2017

House Hunting? How Good Manner...
As most people know, the real estate market shifts between a buyers or sellers market, depen...

Choosing The Best Hardwood Flo...
The rich patina of wood floors adds beauty and elegance to any home.Older homes were once...

9 Ways You Can Score Great Dea...
For many of us, Black Friday shopping is key to a successful holiday gift-buying strategy fo...

Copyright ©2017Realty Times®. All Rights Reserved

Brokers Open House 10/19/2017
Calling all Brokers, Realtors, and Investors! Come by and celebrate with RMC Realty...

Home Owners Keep PMI Deduction and Short Sale Tax Benefit
  Home owners win two important tax benefits in the fiscal cliff deal. The fiscal...

You Might Face Tax-Filing Delay This Year
Congress’s down-to-the-wire fiscal cliff deal on tax changes, which included some...