"Like" if you would love to have an infinity pool like this in your new home!!

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1TrNQyk

This looks like the perfect setting for entertaining in the summer!! What do you think??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1WI1sGd

THE MOST VALUABLE PIECE OF FURNITURE YOU CAN FIND IN A THRIFT STORE IS...

Anyone who's a regular thrifter or antique shopper knows that thrift stores are usually packed floor-to-ceiling with treasures that are just waiting to find a new home. But how do you know what's worth purchasing and what isn't?
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1XtEfH7

Get a FREE - NO obligation, Instant Home Valuation

ATTENTION LOS ANGELES/ORANGE COUNTY Home Owners! You may be SHOCKED to see what your home value is today!
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1SUqjk7

Why Are Housing Starts Still Highly Depressed?

In March, housing starts fell to an annualized rate of 1.1 million from 1.2 million the month before. Building permits fell from 1.2 million to 1.1 million as well.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1TmNHab

Such a bright & open living space! Are you a fan of the wall to wall windows??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1To4091

Despite the lowest interest rates in nearly three years, the number of people applying for a mortgag

Mortgage applications up just 0.4%, despite rates near three-year lows
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1ZEwfBF

Wow, look at this luxurious outdoor living space! Is this what you're looking for??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1sjjORb

"Like" if you've always wanted a beautiful spiral staircase like this in your home!!

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1sbPBmW

More millennials can't afford to move out of home than at any other time in the past decade

A Zillow analysis published Thursday showed that the share of people ages 24 to 34 living with their parents had risen every year since 2005, from 13% then to 21.4% in 2014.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/225A0Sy

These keywords for your home listing can help you garner a quicker sale and a higher price

Real estate listings are notorious for using words like “cozy” when a room is small, so savvy buyers have learned to study room dimensions and photos to get a better feel for whether a home might meet their needs.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1rWQn7Z

Would you LOVE a spacious backyard like this in your new home??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1T5BABB

Take a look at some of these amazing deals on homes!

NEW EXCLUSIVE LIST of FORECLOSURE HOMES in Los Angeles County
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1ZG6VeH

Real estate market recap: May 2-6, 2016

The big news in real estate markets, recapped for your convenience
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1T9ApQj

Check out this luxurious pool home! What do you think?! Is this what you're looking for?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1Zy7G9E

Wow, what a beautiful indoor/outdoor living space! Would this be perfect for you and your family??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1SUXNCv

Warren Buffett: There Is No Bubble in Real Estate

Warren Buffett says now is a good time to buy a house, though not as good as it was four years ago. Still, Buffett says he thinks the chances of housing prices collapsing are very low.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1SBVXGq

Los Angeles and Orange County area home prices have SKYROCKETED

Los Angeles and Orange County area home prices have SKYROCKETED Find out your home value here too for FREE
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1SUqjk7

Mortgage Rates Are Plummeting, and Here's Why You Should Care as an Investor

Here's your strategy to take advantage of today's dropping interest rates.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1O6ydow

3 Real Estate Trends to Watch This Spring

Spring is often the most active season for the real estate industry. The days last longer, offering buyers more favorable opportunities to view homes. The homes themselves look more aesthetically pleasing. There also tend to be more properties for buyers to sample and compare. Home owners frequently wait until spring to sell their homes.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1VQoYB3

Mortgage rates dip to annual low: Will they stick?

When the Federal Reserve raised its interest rates late last year, most mortgage rate prognosticators saw it as a sure sign that home-loan rates would finally rise meaningfully. In fact, just the opposite has happened. The average rate on the popular 30-year fixed loan is now at its lowest level of the year and could potentially head lower into new record territory.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1qjfmAW

Homebuyers finally fuel mortgage volume applications up 10%

It took a few weeks, but near record low mortgage rates may be pushing more homebuyers into this spring's housing market.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1V0SzXF

Setting the stage to sell your home

Ask most real estate agents and they'll tell you that the toughest conversations they have with their sellers are about price and presentation.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1U5JxHL

Check out this beautiful mountain view! What do you think of this unique living space?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1SnX5ff

Find out What These 7 Questions Are Right Now FREE of Charge With NO Obligation!

ARE YOU THINKING ABOUT PUTTING YOUR HOME ON THE MARKET? BEFORE YOU DO READ THIS:
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1TdcSjk

55 White Kitchens That Are Anything But Vanilla

Bright, cheery and timeless, white remains the kitchen color of choice. And, it's easy to see why with these 55 traditional, modern, cottage and contemporary white kitchens that are anything but boring.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1SkhODW

Take a look at some of these amazing deals on Waterfront homes!

NEW EXCLUSIVE LIST of Waterfront Homes in LOS ANGELES COUNTY
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1MycKK1

10 of the Most Affordable Places to Live in the U.S.

You’re ready to move to a new city. But, before you pack up and select a new place to live, make sure you do your research. While it’s great to have an idea of some of the different entertainment options and attractions that an area offers, you also want it to be somewhere that fits into your budget.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1Wut1Sr

Check out this elegant master suite! Is this what you're looking for?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/260MFJO

6 Smartest Moves for First-Time Home Buyers

Ready to buy a home? Be prepared: With inventory tight and prices rising, this is a tricky time to be entering the market. Your biggest challenge is that you’re probably bringing less cash to the table, which makes it harder to compete with more seasoned, flush buyers.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1T2asSB

Does this look like the perfect place to lounge after a long day?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1ViwG61

7 Ways to Declutter Any Room Using Feng Shui

Feng shui is the ancient Chinese art of harmonizing your surroundings—think more along the lines of "create energy flow," rather than "tidy up."
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1qoZq0i

What do you think of this vintage inspired bathroom? Is it your style, or do you prefer a more modern look?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1VELElG

Home Values in Inglewood are up 11.5%

Home Values in Inglewood are up 11.5% This is incredible news for anyone looking to sell their home.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1UtpMap

How Your Home Stacks Up as an Investment

Is buying your home the best way to increase your portfolio? It depends.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1RIyqBK

Check out this beautiful double door entryway into the living room! What do you think?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1RP1C88

West pushes up sales of new homes in February

U.S. homebuyers in the West accounted for all of February’s increase in sales of new houses, possibly signaling uncertain growth prospects for the broader real estate market heading into the spring buying season.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1WapVTf

Do you love these pops of yellow in this dining room??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1W6D4g8

US home sales slump in February; supply shortage hits market

U.S. home sales suffered a steep drop-off in February, reversing months of prior gains as low inventories weigh on the real estate market
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/21Xm8bt

What is your favorite element of this grand entryway?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1UZ1loL

VA Loans

I was recently talking with the Buyer’s agent when we were closing Escrow on one of my listings.  He off-handedly mentioned that his client had served in the Army during Desert Storm.  Since they had used a conventional loan, I asked why they hadn’t used a VA loan.  He said, “Well, I thought your Seller might pick up any termite work needed, but I didn’t think he’d pick up the closing costs that VA won’t allow the Veteran to pay, and I certainly wasn’t going to pay them, so we went Conventional.”

As someone who served 29 years on active duty in the US Air Force, I was dumb-struck!  When I asked some of my other agent friends, I discovered that none of them will touch VA for the same reason.  I know these fees can be around $8-$10K, but I thought we were supporting our Veterans?  As a result, I thought I’d let everyone know that I will always handle a VA loan, and I DO pick up those fees.  Well, me and my Loan officer.

A VA loan will always have a lower interest rate than a Conventional loan, even when the Buyer is putting 20% down!  There are other benefits to a VA loan as well.  For example, a Veteran with a 680 credit score will often be able to secure a loan that’s a quarter point lower than a Conventional Buyer with a 740 credit score.  In addition, Conventional Buyers have a debt-to-income limit of 45%, where the VA Buyer’s debt-to-income limit is greater than 50%.  Another benefit of a VA loan is that there’s no monthly mortgage insurance required, saving the Veteran hundreds of dollars per month in mortgage payments.  Finally, a Veteran can qualify for up to $687,500 on a VA loan in LA and Orange Counties, where the loan limit for Conventional and FHA Buyers is $625,000.

So, if you’re a Veteran, or know a Veteran, who’d like to buy a home, using their VA benefits, I’d love to talk to you.  I feel it’s a privilege to take care of those who serve.  Oh, and for those who have a VA loan tied up on another property, there’s a good chance I can get that Veteran another VA loan.  Yes, no joke...a second VA loan!  I’ll be more than happy to explain how we can get that accomplished when I speak with the Veteran.

America isn't building enough homes for first-time buyers

Unlike the pre-recession housing crisis that contended with too much supply and bad financing, the current "crisis" is centered around financing conditions that are extremely tight with inventories that are dwindling.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/21UXhoC

Are you a fan of this beautiful pool home??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1q2V3YR

Starter home dearth: Why existing home sales are plunging

A dearth of starter and mid-priced homes may be to blame for the housing market's current impasse, according to a Trulia study released Monday. Existing home sales dipped 7.1 percent in February, according to the National Association of Realtors.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/25iAuHQ

Look for Code Violations Before You Sell

Code violations can extend the Home Selling process – even halt it altogether. It’s a solid investment to hire a home Inspector before placing your home on the market.

A quality home Inspector knows local codes – from electrical, plumbing, building, structure, and more. They can help home Sellers understand any code violations and the steps and costs necessary to become compliant. When the city records a violation, a fee is assigned to the property. Because violations don’t appear as a lien on a title search, it can be difficult to determine whether a sanction has been assessed that will delay closing.

Violations can include the presence of garbage in a yard, maintenance issues, overgrown lawns, non-sanctioned improvements, safety issues, or other dangerous items needing repair. This article addresses some of the most common inspection problems.

Bedrooms – All rooms listed as bedrooms must have an operating window with 30 square inches of clearance for use as a fire escape. Bedrooms also must have heat. If a home is listed with three bedrooms, and one does not meet both these requirements, it cannot legally be called a bedroom.

Furnaces and Compressors – Rust in the heat exchange is a common problem that shows up on inspections. So is missing insulation required by code at the time the house was built, or, at the time improvements or replacements were installed.

Electrical – Common violations include junctions not enclosed in a junction box, a lack of ground fault circuit interrupter (GFCI) outlets in bathrooms and kitchens, or reverse-polarity on outlets.. Life-Saving Equipment – Smoke and carbon dioxide detectors are required by law in most States. Not having them, or not having the proper kind, is considered a code violation.

Plumbing – Violations can include everything from dripping faucets, to loose toilets, to improper drainage.

Structural Damage– Common code violations include rotting wood trim around windows and doors, rotten or delaminating siding and missing flashing on roofs or above windows and doors.

Extra Rooms – Some Home owners renovate basements or add sunrooms without permits. Be sure your improvements and additions are backed by the proper permits and resulting inspections.

Don’t hurt your sale because of code violations that can easily be fixed. Get an inspector, make the changes, and enjoy the comfort your efforts bring when your Closing comes to fruition!!

Tax Considerations for Home Buyers and Sellers

Home Buyers and Sellers need to stay informed about tax considerations before entering into a Real Estate transaction. If you’ve purchased or sold a home last year, there are a number of tax deductions for which you may qualify. This article contains some important factors to keep in mind.

Profitability – According to the IRS, if you have a gain from the sale of your main home, you may be able to exclude up to $250,000 of the gain from your income as a single tax filer, or $500,000 on a joint return in most cases.

Interest – Currently, much of the interest paid on a mortgage is tax-deductible. A married couple filing jointly can deduct all of their interest on a maximum of $1 million in mortgage debt secure by a first or second home.

Selling Costs – Broker commissions, title insurance, legal fees, advertising costs, administrative costs, and inspection fees are all considered “Selling Costs, and currently may be used to reduce one’s taxable capital gain by that amount.

Refinanced Mortgage Points – These may be deductible, but not all at once. Homeowners who refinance may be able to immediately write off the balance of the old points and begin to amortize the new points. Interest paid on a home equity loan, or similar line of credit, may also be deducted.

Points and Origination Fees – On a Home loan, if points or origination fees are paid during the Home purchase, they are generally tax-deductible for the year in which they were paid.

Repairs and Remodels – Qualifying capital improvements may be able to be deducted, including costs of a new roof, fence, swimming pool, garage, porch, built-in appliances, insulation, heating or cooling systems, and landscaping.

Relocation Expenses – If you move because of a new job, you may be able to deduct some of your moving costs. To qualify for these deductions, you must meet several IRS requirements, including that your new job is at least 50 miles farther from your old home than your previous job.
Moving-cost deductions can include travel or transportation costs, lodging expenses, and fees for storing your household goods.

Property Taxes – These taxes are currently deductible from your income. If you have an Impound or Escrow account, you can’t deduct the money held for property taxes until the money is actually used to pay your property taxes. City or State Property Tax Refunds reduce your federal deduction by an equal amount.

First-Time Buyer Credit – For those Buyers who took advantage of this credit within the past two years, remember that if within 36 months of the date of purchase, the property is no longer used as your principal residence, you are required to repay the credit. Another important tip for those moving into a new hoe is to make sure you update your address with the IRS and the U.S. Postal Service to ensure you receive refunds or correspondence from the IRS.

Home Tax Base – If you’ve thought of moving, but have lived in your current home for a long time and don’t want to lose your current tax base, remember to check if you qualify for Prop 60/90. If you’re unfamiliar with those laws, please contact me and I’ll be happy to explain them.

Tax laws change every year, and certain deductions become available while others phase out. Talk to a professional tax consultant about these and other considerations.

Wow, look at this beautiful outdoor living space! What do you think? Would you love to have this in your backyard??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1MwvVn2

Take a look at these amazing homes that just hit the market

EXCLUSIVE LIST of Golf Community Homes for sale in INGLEWOOD CALIFORNIA
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1RnUEdy

10 Things You Absolutely Need To Know About Buying A Home

Ready to buy a home? Buying a home is one of the most significant financial decisions you’ll make in your lifetime. From figuring out pricing to why you should consider a realtor, here are 10 Things You Absolutely Need To Know About Buying A Home:
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1XSM1rS

What is your favorite element of this master bedroom? Do you like the all white look, or do you prefer more pops of color in your decor?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1LMCDVY

Your new neighbor in the 'burbs? A millennial. Yes, really

It was only a matter of time. Literally. As millennials grow older, get married, have children, they are seeking out bigger houses and better schools. That means the suburbs. They are also getting tired of paying higher urban rents and watching those rents rise.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1USAMRj

Check out this modern bedroom, complete with circular entryways! What do you think?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1UGbK8K

Single Family Housing Starts at Highest Levels Since 2007 in U.S.

According to the U.S. Department of Housing and Urban Development and the Commerce Department, nationwide housing starts rose 5.2 percent to a seasonally adjusted annual rate of 1.178 million units in February 2016. Single-family production increased 7.2 percent to 822,000 units--its highest level since November 2007--while multifamily starts remained virtually unchanged, inching up 0.8 percent to 356,000 units.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/21FXQCC

Take the GUESS MY HOME VALUE Challenge and Win Big!

Take the GUESS MY HOME VALUE Challenge and Win Big!
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1RiLE5U

Stagers combine design sense with diplomacy to help sell houses

Professional stagers, many of whom are certified and accredited, are trained to make furnishing and decorating decisions that will show houses off to their best advantage for prospective buyers.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1ptvwHj

Would you love to live cliffside in this beautiful home?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1S8GsE1

Millennials in the Burbs? You Won’t Believe the Latest Home-Buying Trends

What’s a millennial pushing 30 to do? Apparently, leave the fun, the fantasy, the pace, and the possibilities of big-city living far behind and buy a home … out in the burbs.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1U4OKjs

Very rustic chic decor in this bar & living room! Is this your style??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1QYf7W9

Which Region Is Poised to See the Most Home Sales?

Home buyer dreams deferred: Aspiring owners put the brakes (mildly, at least) on the torrid pace of buying in January, according to the latest report on pending home sales. But one area in the U.S. still seems to be going stronger than ever: the South.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/21wPB13

Do you like or dislike the look of vines on a house? Would you love to live here?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1QSEo2N

3 Bedrooms Homes in Inglewood California

EXCLUSIVE LIST of 3 Bedroom Homes in INGLEWOOD CALIFORNIA
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1S0fEFZ

Here’s How Much Salary You Need to Buy an Average US House

While home prices are rising around the country, potential home buyers can take some solace in interest rates, which continue to defy expectations that they’re going to increase.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1TijGNd

Do you like this elegant dining room? Or would you prefer a different decor?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1QSesSE

Investors Are Flipping Houses Again

It was one of the most notorious practices of the financial crisis: Speculators snapping up homes, waiting a few months, and selling them at a quick profit.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1QHRBeA

Wow, would you love to come home to this awesome ocean side house?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1R7uSWt

Get a FREE, no obligation, instant, Home Valuation. Click here!

ATTENTION INGLEWOOD CALIFORNIA Home Owners! Do you know how much your home is really worth? It may surprise, even shock you.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1UtpMap

Pending Home Sales Dropped in January

Fewer Americans signed contracts to buy homes in January, as the recent hot streak appears to have been curbed by a shortage of properties for sale and colder weather.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1YtpmTN

Are you a fan of this beautiful bathroom, complete with a TV in the mirror??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1R16QME

5 Home Improvements That Can Lower Your Taxes

As you’re preparing your taxes this year, don’t forget to consider how your home might help you reduce your tax burden.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1nm3RXq

What do you think of this chic entry way? Does the color catch your eye?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1SoF6XF

Surprise! Your Credit Score Matters More Than Ever In 2016

If you entered into adulthood after 2008, you probably became accustomed to thinking your cash savings are more likely to grow when safely tucked under your mattress than in most bank accounts, and that interest rates on auto loans and other loans are set in the single digits. But in December 2015, after seven years of fostering a low-interest environment intended to encourage consumer spending and investing, the Federal Reserve moved to increase rates by 0.25%. While the interest rate hike was certainly on the low end, it signals a shift for consumers — one that makes maintaining a high credit score even more of a priority going forward.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1WXKSi5

What is your favorite element of this beautiful family home?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1VR4LXS

Custom list of Fixer Upper homes in Inglewood California

Are you looking for a Fixer Upper home in the INGLEWOOD CALIFORNIA market area? We have this custom list of homes just for YOU!
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1OQN6tX

Confidence Among U.S. Homebuilders Declines to Nine-Month Low

Confidence among U.S. homebuilders dropped in February to a nine-month low as potential buyers stayed away, interrupting the steady progress residential real estate had built over the course of 2015.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/21AEYKB

How about this indoor/outdoor living space? Could you see yourself enjoying summer nights out here?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1OJ8AZq

The Newberry Team

Check out some new information on our blog
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1TFBYq1

Now’s The Time to Sell Your Home!!

Los Angeles and U.S home prices have shown good growth lately.  Nationally, prices climbed 5.43% in December compared to last year.  That’s the fastest climb since July 2014, according to the S&P/Case-Shiller index.  Los Angeles and Orange Counties did even better, with prices climbing 6.17%.  Economists attribute this growth to low mortgage rates and job growth, but the major factor is a lack of homes for sale.

In the Southern California area, there was a 4.8 month supply of homes for sale in January, compared to a 5.5 month supply during the same month in 2015.  The California Association of Realtors places a normal supply at six months.  So if you’ve been thinking of selling, there’s never been a better time to put your home on the market.  And, if you need to make a few improvements before you list your home I can help with the necessary funds to make that happen.  Just e-mail me at “GeorgeNewberry@bhhsCAprops.com”

Tis the Season for Tax Breaks

With April 15 rapidly approaching, many are scrambling to complete their taxes.  For those who have recently bought or sold a home, there are a number of tax deductions that that may be a pro-rated portion of the taxes for the year at closing. This tax deduction also gets overlooked.

For those working from their new home: If a room is used exclusively for business purposes, they may be able to deduct home costs related to that portion, such as a percent­ age of your insurance and repair costs, and depreciation.  In some instances, if you have moved because of a new job, moving costs may be deducted. These can include travel or transportation costs, expenses for lodging, and fees for storing your household goods.

Every year the tax laws change and certain tax deductions become available while others phase out. If you have recently bought or sold a home, it's probably a good idea Real Estate broker's commissions, title insurance, legal fees, advertising costs, administrative costs, and inspection fees are all considered selling costs and may be used to reduce one's taxable capital gain by the amount of the selling costs. That could result in a big savings depending on the final sale price.

Interest that is paid on a mortgage is also tax-deductible, within limits. A married couple filing jointly can deduct all their interest payments on a maximum of $1 million in mortgage debt secured by a first or second home.  Buyers may also be able to deduct some of the interest they paid on a home equity loan or similar line of credit.

One deduction that many buyers often overlook is points. Points or origination fees on a home loan that were paid during the purchase of a home are generally tax-deductible in full for the year in which they were paid.  Refinanced mortgage points are also deductible but only over the life of the loan- not all at once. Homeowners who refinance can immediately write off the balance of the old points and begin to amortize the new.

Making improvements to property prior to the sale or once one moves-in might qualify for an interest deduction on your home improvement loan. Qualifying capital improvements are those that increase your home's value, prolong its life, or adapt it to new uses, such as adding a porch or installing energy-efficient windows.

Many times during a sale, the seller will send the local tax collector's office a check for real estate taxes prior to the closing. In many circumstances, however, the buyer will pay to seek out a professional tax consultant to do your taxes as missing deductions that you can legally claim can add up to quite a bit of money

4 things every seller should do before putting their house on the market

You only get one chance to make a good first impression in real estate. Once your home’s listing goes live, the days on market start ticking.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1KsVZib

Would you love to have this elegant bar in your new home?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1R8a8hD

The 5 Real Estate Trends That Will Shape 2016

It’s almost the new year. Get ready to break out the Cristal: We had a great 2015—the best year for housing since 2007. And our forecast here at realtor.com® projects an even better year in 2016.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1YjUbc6

Wow, look at this gorgeous pond! Is this your dream home?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1XNhpIQ

Housing Starts in U.S. Drop to Lowest Level in Three Months

Housing starts dropped 3.8 percent to a 1.1 million annualized rate, the weakest in three months, from a 1.14 million pace the prior month, a Commerce Department report showed Wednesday in Washington. The median forecast of 76 economists surveyed by Bloomberg was 1.17 million. Permits, a proxy for future construction, were little changed.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1PWVBrn

Is this ultra-organized laundry room perfect for you?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1OqKNNX

Should I buy a home while still paying student loans?

The decision to become a homeowner is likely to be the biggest financial commitment you'll make, and many factors should be taken into account.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1opa46j

Should I buy a home while still paying student loans?

The decision to become a homeowner is likely to be the biggest financial commitment you'll make, and many factors should be taken into account.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1opa46j

How to Probate Real Estate in California

Here's detailed information about how to handle selling a home through Probate in California. .
from The Newberry Team - Los Angeles & Orange County Real Estate https://www.youtube.com/watch?v=XzJIr5Eun94&feature=youtu.be

How to Probate Real Estate in California

Here's detailed information about how to handle selling a home through Probate in California.
from The Newberry Team - Los Angeles & Orange County Real Estate https://youtu.be/XzJIr5Eun94

What do you think of this elegant back porch? Would you love to relax here?

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1or3FrC

Mortgage rates fall for 6th straight week, hit 10-month low

The average 30-year fixed rate mortgage fell this week from 3.72% to 3.65%, its lowest point in 10 months, according to mortgage buyer Freddie Mac.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1Rwxmme

WOW, you have to see some of these GORGEOUS homes!

NEW EXCLUSIVE LIST of 1 ACRE PLUS homes in INGLEWOOD CALIFORNIA!
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1PDhnAb

Tips for First-Time Homebuyers Venturing into the world of home ownership can be a little scary, if you’re a first-time homebuyer. You just aren’t sure what you’re getting yourself into, what to expect, or what the process entails. Here are a few things to keep in mind when looking for your first piece of California to own. First, find a Realtor® you can trust. Realtors® have a wealth of experience in identifying and working with lenders, home inspectors, termite companies, and title companies, and negotiating the myriad of other hoops you’ll need to jump through. The home buying process demands a first-class group of professionals with expertise in various areas, and for the first time home buyer, assembling this posse is next to impossible. Trust your Realtor® to help. Second, before meeting with your lender, gather all the paperwork you’ll need. To do this, think “twos:” You’ll need your last two paystubs, W-2s, tax returns, and bank statements. Be honest with your lender about your monthly income and budget, including how much you currently spend on rent, utilities, entertainment, clothing, food and transportation. You need to show that you can take on a mortgage and stay within your means. Your lender will let you know your credit score and the amount you are qualified to borrow for a home. Next, discuss with your Realtor® exactly what you’re looking for in a home. And when you do find a home you like, take it! The biggest mistake I’ve seen first-time homebuyers make is passing up a home they like because they think they’ll find something better later on. You might find something better later on, but you might not, and in the meantime, you could easily lose out on a great house. [Don’t let perfect become the enemy of great!] Also, interest rates might rise, and the monthly payment is far more important than the purchase price. I always ask my clients to imagine leaving my office right now and seeing a $50 bill lying on the sidewalk. Would they pick it up, or would they step over it and keep walking in hopes of finding a $100 bill somewhere down the street? Trust your feelings. When you’re about to make an offer, ask your Realtor® to estimate your share of the closing costs. If they tell you that the Escrow Company will give you that information, or not to worry about it, you’re working with the wrong Realtor®, because this figure is easy to estimate and it’s something you need to know. Many first-time homebuyers are stunned by the amount they’ll need to bring to the table in closing costs to finalize the purchase of their new home. Lastly, once you make an offer on a home, DON’T decided to celebrate by buying something new for yourself like a car, new stereo, TV, etc. I’ve seen people do this and it’s resulted in them not qualifying for their home loan. Rather than get into a lengthy explanation here as to why this is true, I’ll simply ask you to talk to your lender about this. They’ll explain it. Wait until you’re in your new home, then celebrate. Interest rates couldn’t be lower than they are right now, so now is definitely the time to buy. Happy house hunting!!!!

from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1oioFzX

An Overview of How to Probate Real Estate in California So, you need to go to Probate Court to dispose of some Real Estate and are unsure of what to do. You’re not alone. About 80% of probate cases in California involve Real Estate. In fact, Superior Court downtown on Hill St. reports about 600 new cases every 2 weeks! Most people feel overwhelmed by what is involved in selling Real Estate through probate, not even sure where to start. This article addresses those concerns. Let’s start with some administrative issues. You’re not required to hire an attorney, but if you don’t know the process, it’s best to hire a professional. Attorneys have been trained to handle the complications that often arise, even in seemingly simple cases. Calculating attorney fees for a formal probate is straightforward and can be found in California’s Probate Civil Code §§ 10810 &10811. As of April 8, 2013, all probate cases need to be filed in Room 429, at the Superior Court downtown (111 N. Hill St.). There are a few exceptions, but you should call the Court for a clarification. Any heir can begin the probate process, but the Court will appoint the estate’s representative (the “Executor/Executrix” named in the will, or an “Administrator,” if no will exists or the individual named in the will cannot or will not serve). To be appointed the Estate’s representative, you must typically post a bond equal to the value of the Estate, unless a bond is waived in the decedent’s will. You can also request the bond be waived if the beneficiaries are all adults and in agreement about the disposition of the Estate; however, even in those cases, the Court may require a bond if it feels there’s a need. Simple…right? The Probate process begins with the filing of a “Petition for Probate” (Form DE-111), along with a notification of the Petition in the local newspaper. The form is fairly self-explanatory, but if you are representing yourself, you need to type in, “Petitioner in pro per,” after the words, “Attorney For,” in the top box. Although there’s no specific time frame for filing a Petition, if you’re the Executor/Executrix named in the will, you must file the petition (and the will) within 30 days of your learning of the death, or you may be found to have waived your right to appointment. Another section at the top of the form is of great importance when it comes to handling Real Estate. In the “PETITION FOR” Section, you can request to act independently of the Court’s oversight for matters related to the estate. If you lack this authority, the Court will schedule a hearing for any proposed Real Estate sale. At this hearing, the administrator will request approval of the sale to the successful bidder, but any person may “out-bid” the offer being made by the administrator (based on an “over-bid” calculation set forth in the Probate Code). The highest qualified bidder will get the Court's approval and will be the final buyer. You are free to choose your own Real Estate agent to market and sell the property. However, use caution in this area: The agent you use should have a working knowledge of the probate process. Some agents will tell you they have a Buyer for your property, simply to get in the door to try to convince you to list with them. This is the last thing you need during this difficult time. It’s best to discuss your choice of a Realtor® with your attorney.

from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1oioFzX

Improve Your Credit Score Those looking for a home should check their credit score before spending their valuable time house hunting. There’s nothing worse than learning your credit report contains a late payment that could prevent you from buying a property. The higher your credit score, the better. A score of at least 620 will give you a good chance to secure a home loan; 720 should qualify you in most cases. That being said, a lower score doesn’t mean you won’t be able to finance a home. It simply means some credit repair is needed. Credit repair starts with your credit report. You can request a free copy of your credit report annually from the Federal Trade Commission at “AnnualCreditReport,com.” Once you receive it, check it thoroughly for errors. If you uncover errors call the Company responsible and get them fixed. Try disputing the account discrepancy as “not mine.” Once you’ve fixed any errors, if there are still negative marks you can definitely take steps to fix them. For example, if you’ve missed a payment, call the creditor to explain and ask them to erase the negative listing. A well-documented letter of explanation can be of great help. There’s no guarantee a creditor will remove the negative mark, but if you’ve been a good customer through the years, this method has proven to be successful. A very common problem we’re seeing today is student loan defaults. If this applies to you, you can enter into a “rehab program,” which will get your account back on track after 12 months. It may not be the quick fix you need to buy a home right now, but the sooner you start the sooner that issue will be resolved. One way to boost your credit score is to have an older family member, with a sound credit rating, add you as an authorized user on a credit card. You don’t even need the card in your possession. Simply being added to the account will increase your score! With today’s loans requiring higher credit scores, it’s never too early to start fixing credit challenges.

from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1oioFzX

Do you love this bright & sunny kitchen with double doors to the back patio??

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1WnPMok

8 Ways to Boost Your Home Value

Let the following renovation rules, driven by shifts in the current housing market and informed by Consumer Reports’ nationally representative survey of 1,573 millennials, inform your decisions on improving your home and its value.
from The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1RnchdS

Check out this beautiful porch you can enjoy all year long!

via The Newberry Team - Los Angeles & Orange County Real Estate http://ift.tt/1Qcsvax