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ERA Beach Ball RealtyERA   Beach Ball Realty
Chris Reid Real Estate
January 2008  
Update by
Chris Reid
Learn How to Take Advantage of the Current Buyer's Market!
Prices are down!
Take advantage of lower prices; They Won't Last Forever!


Gain control of buying or selling property in the current real estate market.

The climate of today's real estate market is very different than it was not long ago; the current buyer's market presents a whole new set of circumstances with which to contend.

More importantly than ever, buyers and sellers need professional resources to make sound decisions. They need to speak with professionals that truly understand the current market and know how to get results in these challenging times.

That's why ERA Beach Ball Realty is hosting a free real estate forum specifically designed to give you the extra advantage to sell or buy a home in this challenging market.

Professional from all facets of the buying and selling process; realtors, appraisers, mortgage brokers, real estate attorneys, title officers, accountant, insurance representatives, home inspectors and more will be available for you speak with in one location. This will give you a chance to ask all the questions you have, getting accurate, up-to-date information, to help you with your decision process.

Buyers

  • Learn how to take advantage of this great buyers market.
  • Gain greater understanding of the home buying process.
  • Learn about current lending programs available to help you achieve your goals.
  • Credit problems in the past? Learn how you can repair your credit.
  • Get the truth about insurance.
  • Acquire greater skills to set and attain realistic goals

Sellers

  • Benefit from insight as to why your house isn't selling.
  • Find out the current fair market price for your home.
  • Improve chances of attracting a buyer
  • Become empowered to take control if you owe more than your home is worth.

Take charge in the New Year!

This forum will be held on Thursday, January 10, 2008 from 5 - 7 in our Pensacola office located at 501 East Gregory Street, FL 32502 or call 850-437-5618 for more information.



Interest Rates
as of December 27, 2007:

30 yr. Conv:   6.17
15 yr. Conv:   5.79
1 yr. adj:         5.53
 

Source: Realty Times
 




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Homeowners with forgiven loan debt get timely tax break

Shortly before adjourning last week for the year, Congress approved a tax-relief bill designed to help families who had a portion of mortgage debt forgiven. Some families have had such debt forgiven through a foreclosure, a short sale or a loan restructuring that enabled them to stay in their homes. (In a short sale, a home is sold for less than the amount of the loan.)

ERA Real EstateOrdinarily, forgiven debt is treated as taxable income. In the past, families who lost homes because they couldn't afford mortgage payments were sometimes stuck with a huge tax bill.

The legislation is retroactive to Jan. 1, 2007. As a result, homeowners who had mortgage debt canceled this year won't have to pay tax on it. The tax relief is scheduled to expire at the end of 2009, reflecting lawmakers' belief that the subprime crisis "is a temporary problem so you only needed a temporary solution," Schwarz says.

The full deduction is limited to homeowners with adjusted gross income of $100,000 or less; homeowners with AGI of up to $109,000 can take a partial deduction, says Glen Corso, senior vice president for PMI Group, a mortgage insurance provider.

By Sandra Block
USA Today

 




 

It's a buyer's market!

Now is the best time we have seen to invest inthe Emerald Coast for nearly five years. Thismarket condition does not come along often. Contact us to find out how you can takeadvantage of this great investmentopportunity.

Take the hassle out of finding you next home.Use our VIP Home Search

I get the job done and done right !


 

Wondering What Your Home Is Worth
in the Current Real Estate Market?


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Current Real Estate Market Conditions for Destin, Pensacola, Perdido Key,
Gulf Breeze and Pensacola Beach, FL ?


 




Read about the events shaping the Real Estate market today, find current interest rates, or browse the extensive library of advice and how-to articles written by some of the top experts in Real Estate. Updated each weekday.

 


This Month's Featured Articles:

 
Chris Reid, REALTORS
ERA Beach Ball Realty
www.easthillpensacolahomes.com

Chris.Reid@ERA.com
Chris Direct (850) 485-3575
ERA Logo
ERA Beach Ball Realty
501 East Gregory Street
Pensacola Fl 32502
Office (850) 437-5618
Toll Free (866) 766-5862

Equal Housing Opportunity