REAL ESTATE NEWS
· INTEREST
RATES SINK TO A 49 WEEK LOW
30 year fixed
rate fell to 4.2%, one year ago the rate stood at 3.9%. The reason for the
decline is the yield on the 10-year treasury fell and investors are concerned
that growth isn’t going to accelerate in the long term.
· What are the
hottest remodeling projects?
Where do you
get the most value to recoup in resale?
Bathrooms
and kitchen are by far the most popular remodel projects; they give the wow
factor but only recoup about 80% of your investment. New steel entry doors and
new garage door offer a better return recouping nearly 97% on you investment
during resale.
· How much in
taxes will I have to pay in the sale of my home?
Capital gains
taxes on the sale of your home are calculated as ordinary income, but upgrade expenses can reduce
that amount. When you sell your primary residence and you have lived in the
home two of the last five years you can exclude from your taxes $250,000 for a
single person and $500,000 if you’re
married.
For more
information on these topics call:
BOB
EUBANKS
JENNEY
REINBOLD
(310)
896-5838
ü E-mail: bobeubanksrealtor@gmail.com
ü Web site:BOBEUBANKSREALTOR.COM
CALL
TODAY to find out how my custom marketing plan will
get your home SOLD for TOP DOLLAR.
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