You Don't Need Your Home Listed…You Need it SOLD
With January’s sales numbers, The Meridian Market Basket continues to show positive signs. Download a complete copy of the report here. Average sales price was up 11.9% over January of 2011, and we’ve had month-over-month increases for 8 of the last 12 months. Average sold price per square foot was at $91.20, representing an increase [...]
If you completed a short sale on your Caldwell home in 2011, you will be receiving a form 1099-C from your lender for the difference between what your mortgage balance was and the amount the bank received from your Caldwell short sale. That forgiven debt is counted as income for tax purposes. Don’t panic! The [...]
“…in the name of supporting home prices, the Obama administration will likely put in place a system under which investors make private profits while the taxpayers subsidize the risk.” The Obama administration now wants to subsidize loans so that hedge funds and other institutional investors can buy foreclosures at a Billion Dollars a pop. Here’s [...]
I found an article in Smart Money, that does a good job of highlighting tax implications of a short sale on your Meridian home. Click here to read the article.
Here’s some good news for your Meridian home value. An article at Realtor.com lists the 10 markets with the greatest turnaround potential going into 2012. Boise is #8. Check it out. If you’re thinking about buying a Meridian home, now is the time. Interest rates are the lowest they’ve been in my lifetime, selection is good [...]