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California Distressed Home Sellers Not Liable for Federal, State Income Tax on Short Sales

Courtesy of www.car.orgC.A.R. announced today it received a letter from the California Franchise Tax Board (FTB), obtained by Board of Equalization (BOE) member George Runner, clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness "phantom income" they never received in a short sale.   Last month, in a letter Continue Reading

Open House Saturday November 30th

1138 Golden Bear $574,900 1138 Golden Bear OpenSaturday 1:30pm-3:30pm This Montgomery Estates neighborhood is host to our spacious & sunny 4 bdrm., 2.5 Ba., Tahoe style contemporary home comprised of 2,662 sq ft. Along with oversized 2 car garage & the .18 acre fully fenced, landscaped grounds, comes a warm, welcoming feel when you walk in the door of this custom split Continue Reading

Realtor.com Issues Winter Home Buyer Report

Realtor.com Issues Winter Home Buyer Report Twenty-nine percent of all-cash home buyers planning a purchase in the next four months are downsizers SAN JOSE, Calif., Nov. 20, 2013 /PRNewswire/ -- Today, realtor.com(R), the leader in online real estate, operated by Move, Inc. (NASDAQ: MOVE), released the results of its Winter Home Buyer Report, which ran on realtor.com(R) from Nov. 7-16 and Continue Reading

Open Houses Saturday November 23rd, 2013

1138 Golden Bear $574,9001138 Golden Bear Open Sat. 10am-NoonThis Montgomery Estates neighborhood is host to our spacious & sunny 4 bdrm., 2.5 Ba., Tahoe style contemporary home comprised of 2,662 sq ft. Along with oversized 2 car garage & the .18 acre fully fenced, landscaped grounds, comes a warm, welcoming feel when you walk in the door of this custom split level 2002 beauty.  Hosted by Continue Reading

Open Houses Saturday November 16, 2013

1080 Dedi $249,0001080 Dedi Open Saturday 10am-NoonNeed income to offset your mortgage payment? Don't miss this updated single family home with separate guest cottage! New double pane vinyl windows, new roof, new deck, new carpet, tile and laminate flooring, new interior and exterior paint and granite counters in the kitchen and some new appliances. Rent both, and live in one and rent the Continue Reading

New Rules for 1031 Exchanges

New Rules for 1031 ExchangesNew 1030 Tax Exchange Filing Requirements for CaliforniaThere are new annual filing requirements for taxpayers who use Internal Revenue Code (IRC) Section 1031 to defer gain or loss when selling California property. Assembly Bill 92 (AB 92) added California Revenue and Taxation Code Sections 18032 and 24953 creating new annual filing requirements for taxpayers who Continue Reading

Annual Housing Market Survey results

Annual Housing Market Survey resultsHeightened market conditions fuel more multiple offers and higher selling priceLOS ANGELES (Oct. 30) – More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2013 Annual Housing Market Survey.”Nearly Continue Reading

C.A.R. 2013 Annual Housing Market Survey results

C.A.R. 2013 Annual Housing Market Survey results Heightened market conditions fuel more multiple offers and higher selling price LOS ANGELES (Oct. 30) - More properties were sold above their asking price this year, as tight supply conditions continued to heat up market competition in the first half of 2013, according to the CALIFORNIA ASSOCIATION OF REALTORS®' (C.A.R.) "2013 Annual Housing Market Continue Reading

Open Houses Saturday November 3rd

1138 Golden Bear $574,9001138 Golden Bear Open Sat. 11am-1pmNEW LISTING - CALL FOR INFO This Montgomery Estates neighborhood is host to our spacious & sunny 4 bdrm., 2.5 Ba., Tahoe style contemporary home comprised of 2,662 sq ft. Along with oversized 2 car garage & the .18 acre fully fenced, landscaped grounds, comes a warm, welcoming feel when you walk in the door of this custom split Continue Reading

Treat Street in South Lake Tahoe

October 31, 2013Pine Cone Acre Motel5:00 PM – 8:00 PMTrick or Treat in a safe, fun environment at the eleventh annual Treat Street on Thursday, Oct. 31. Every Halloween, the Pine Cone Acre Motel transforms into a Halloween experience where local businesses and non-profits hand out candy to the children in a safe, controlled environment. Thousands of children have attended, decked out as Continue Reading