It’s baaaack….From April 29 – May 1. The 2011 Mt. Carmel Festival — “Wild West Days” — is coming soon! The annual Mt. Carmel Festival is a three-day festival, held each spring, in which we expect over 3,000 local families to join us for thrilling carnival rides, delicious treats, festival game booths, live local entertainment, [...]
It’s safe to say that mortgage interest rates have been at historic lows since the summer of ’09, mostly around and sometimes even under 5%. Currently, they’ve been floating around the 5 & 1/8% range. Part of the reason for these low rates has been because the Fed has been on a buying binge of [...]
A few new listings have recently popped up here in the Mt. Carmel area. The first of which — a bit of a fixer — looks like a great value in terms of price (at least on paper). Take a look: 327 Jeter: $585,000 – 2br/1ba, 1140 sq. ft. on a 6500 sf lot. Already [...]
An early Christmas present for many home buyers came in the form of the extension of the federal tax credit for home buyers, and was signed into law by President Obama Friday, Nov. 6. The tax credit, which was set to expire Nov. 30, has been extended through April 30, 2010 with a 60-day extension if a binding [...]
It’s been awhile, so here’s a quick snapshot of some recent sales that have been going on in the Mt. Carmel area. Firstly though, looking at some overall statistics, I’d say the one word to describe it is “HEALTHY”. Here’s the bottom line, for the last 3 months of sales: Average Percent of List Price: [...]
In the last 90 days, a little less than a dozen homes in Mt. Carmel have closed escrow. Looking at how the sale prices compared to original price, the average is that homes are getting 95% of their original asking price. Of course, remember, this is an average. The “range” of all those homes is [...]
It seems like just yesterday – ok, maybe 2 or 3 years ago – when a new listing in Mt. Carmel that came on the market with a price tag higher than $1M didn’t raise an eyebrow. Heck, there were even some bordering close to $2M that I thought “well, if someone’s willing to pay [...]
Income tax, sales tax, estate tax, excise tax, alternative minimum tax…and just when you thought you’d paid them all…along comes your property tax bill as a homeowner. But did you know that the National Taxpayers Union estimates that as many as 60% of homes are assessed for too high of a value, resulting in an [...]
As a follow on to yesterday’s post on overpriced listings, I came across this very well written Forbes article, which, if you’re selling your home, you should definitely soak it up (and yes, I did “borrow” their picture for yesterday’s post as well.) Here are the five tell-tale signs: Your home is priced well above neighboring properties. [...]
This month’s episode: She’s back! For the third time on the Gory Details Podcast, my special guest is the dynamic Carole Rodoni, a highly regarded speaker, author and advisor in Bay Area real estate. Formerly president of Fox and Carskadon Realtors, COO of Cornish & Carey Real Estate, President & COO of Alain Pinel Realtors, [...]
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