Leave a comment » La Jolla Luxury Home Buyers: Know What Can Make You Save MoneyEverybody has a dream of buying their own home. However, in these trying economic times, it is getting more difficult to purchase property that is both attractive and reasonably priced. La Jolla luxury home owners are not an exception. They may own what is considered to be expensive real estate but they also feel the pinch in their pockets.
Being informed of the new and extended tax breaks is a way to help La Jolla home owners save their hard-earned money and at the same time, keep their high end homes.
If unemployed, a person should not be taxed if he receives $2,400 or less. There should also be a reduction in the federal tax if there is a foreclosure or reduction in the mortgage of your luxury home through restructuring in 2008. Property taxes paid by nonitemizers are also subject to additional standard deductions amounting to $500 for single filers and $1,000 for joint filers.
For those who are purchasing their first La Jolla luxury home property, a full credit of $8,000 is provided under the Worker, Homeownership and Business Assistance Act of 2009. This is applicable granting that an eligible taxpayer must buy, or enter into a binding contract on or before April 30, 2010. Aside from this, state and local sales tax or, state and local income tax (whichever is greater) can also be deducted.
For La Jolla luxury home owners who are also educators, a deduction of $250 for out-of -pocket job expenses is also applicable. At the same time, tuition and school fees deduction is another way to keep those pennies in. A deduction of up to $4, 000 is legal if it's used toward college. (A modified adjusted gross income not amounting to more than $80,000, or $160,000 for joint filers, is a requirement to be eligible, though.)
Also, home owners may also be eligible for child tax credit if the earned household income is $3,000. People can avail of the credit of up to $1,000 for every child under the age of 17 that is considered a dependent. For joint filers, the credit is reduced when modified adjusted gross income hits $110,000 ($75,000 for singles and heads of household). Low earning households may also avail of the Earned Income Tax Credit.
All of these are relevant information in helping us stay afloat and keep a good quality of life during these times. Luxury real estate may be a dream for a lot of people but if we know where we can save money from, a luxury mansion in La Jolla is not that far-fetched, after all.
Need more information on La Jolla Luxury Homes for Sale?
Contact: Maxine & Marti Gellens
http://www.lajollacommunities.com/00A7E0 Posted on February 26, 2010 14:12:02 by Marti Gellens
Posted in For Buyers, For Sellers
|
Leave a comment » La Jolla Communities Real Estate Market Update for January 2010It's definitely a go! January 2010 is a great year to finally purchase your dream home at the La Jolla Communities in San Diego.
There are 270 properties for sale in the community, a drop from the 330 listings in January 2009. This only goes to show that La Jolla luxury homes are definitely selling like pancakes. Moreover, the average listing price for these houses are $ 3,525,635 in January 2010 against the $ 3,350,790 in January 2009, suggesting that even though there is a small increase in price, people are still very eager to have their own La Jolla luxury home.
Another sign that the La Jolla luxury homes are in demand right now is that there are only 39 new listing for January 2010 as compared with the 52 new listings in January 2009. There were also 11 and 13 sold listings in January 2010 and 2009, respectively.
Finally, and probably the reason why La Jolla luxury homes are selling is the drop in price from $2,272,577 in January 2009 to $1,775,682 in January 2010.
As seen in the figures above, it is really a good time to buy a new La Jolla luxury home. If you need more help or more information to help you make that big decision, give us a call or check out our listings.
Need more information on La Jolla Luxury Homes for Sale?
Contact: Maxine & Marti Gellens
http://www.lajollacommunities.com/00A879 Posted on February 08, 2010 11:12:53 by Marti Gellens
|
Leave a comment » Tips on How to Attract Great Residents to your La Jolla Real Estate Rental!Today, it is not uncommon to see La Jolla Real Estate homeowners turning into landlords.
There are plenty of nightmare stories out there about bad tenants, but following a few simple guidelines will help attract the right kind of tenants.
Click Here: Beautiful La Jolla Luxury Home for Rent!
Location is key to draw the attention of responsible tenants. Desirable neighborhoods lower the possibility of bad residents. In addition, your La Jolla Home should be in good condition and appear well maintained and completely redone in both the interior and exterior.
Put "For Rent" signs on your yard. Prospects contacting you from a sign they have seen on your yard should be considered serious since they know the home's exact location and have already taken a look at the home's exterior.
Be quick to reply and answer questions about your La Jolla Real Estate property, this will make all the difference.
Most important of all, you must conduct a background check on your prospective tenants. This will ensure that what the prospective tenant is telling you is true.
Also you must adhere to a written tenant selection plan that is in compliant with all Federal, State and Local Fair Housing Laws and the Federal Fair Credit Reporting Act.
For more information on any La Jolla Luxury Homes for Sale, contact:
Maxine & Marti Gellens http://www.lajollacommunities.com/00A4E2 Posted on November 26, 2009 19:17:18 by Marti Gellens
|
1 comment » Compare your La Jolla Luxury Home with the List of Priciest Residential Real Estate in the United StatesUltimate Homes, an annual publication that ranks the nations most expensive residential real estate has released its latest list of the most impressive homes for sale in the United States.
Read Also: Exquisite Oceanfront Beauty - Bird Rock La Jolla Homes For Sale!
Top Home 1: French-style mansion in Holmby Hills, CA owned by Candy Spelling, widow of Aaron Spelling offered at $150 million. The home features a bowling alley and sits on 4.7 acres with about 56,500 square feet of living space.
Top Home 2: A $125 million mansion also located in Holmby Hills, CA modeled after France's Versailles palace and featuring gold-leaf crown molding, gold-embossed leather wall coverings and Italian marble walls.
Top Home 3: Secluded mansion found in a pine and aspen forest in Lake Tahoe, NV offering 20,000 square feet of living space on 210-acre grounds and put on the market for $100 million.
Top Home 4: Traditional Italian Villa in Newport Beach, CA offered at $87 million with about 18,000 square feet of living space on 12.5 acres and a private lake.
Top Home 5: Masterpiece in Bel Air, CA offered at $85 million featuring a grand ballroom and 19 fireplaces.
Top Home 6: Honolulu, Hawaii estate with private boat dock and boathouse offered at $80 million.
Top Home 7: Oceanfront Del Mar, CA residence sitting on a secluded 5.5 acres offered at $76 million.
Top Home 8: Neo-Italian Renaissance mansion in New York featuring a marble staircase and a reception hall offered at $75 million.
Top Home 9: Simi Valley, CA ranch with equestrian facilities and 17,000 square feet of living space offered at $75 million.
Top Home 10: Portabello Estate in Cameo Shores, Corona del Mar, CA with bowling alley and Art Deco Theater. Offered at $75 million.
Top Home 11: Greenwich, CT 40-acre property on the market for $75 million with 52-foot indoor pool and 15th century fireplace mantel.
For more information on any La Jolla Luxury Homes for Sale, contact:
Maxine & Marti Gellens http://www.lajollacommunities.com/00A488 Posted on November 23, 2009 21:56:15 by Marti Gellens
|
Leave a comment » First-Time La Jolla Homebuyers - Take Advantage of this Time to Purchase La Jolla Real Estate!Now, more than ever is the perfect time for first-time homebuyers to purchase a La Jolla Real Estate Home!
The president and founder of Weichert, Realtors, one of the nation's largest independently owned real estate companies, encourages first time homebuyers to take advantage of this time.
He states that both mortgage rates and home prices are favorable and that recent economic news is encouraging, all great reasons to buy La Jolla Real Estate. Read Also: La Jolla Home Shopping Tips for 1st time home buyers
Recent signs of a stabilizing market mark another incentive to start looking into the available La Jolla homes for sale. According to the National Association of Realtors, home sales increased in 39 states in the second quarter of this year. Furthermore, for the first time in three years there was an increase in the value of homes.
Another noteworthy reason for buying a home in this time is that it can save you money. La Jolla Home Buyers can chose a fixed-rate mortgage, which can be locked in to a lower, less expensive payment that will stay the same. Rent on the other hand can increase yearly.
Opportunities like these make the dream of homeownership an attainable reality.
For more information on any La Jolla Luxury Homes for Sale, contact:
Maxine & Marti Gellens http://www.lajollacommunities.com/00A482 Posted on November 20, 2009 19:41:28 by Marti Gellens
|
