Dear Friend,
Please enjoy the real estate tip included below. If you have any questions about this tip - or any other tips you may have heard elsewhere - please ask! There is no obligation and you'll hear back quickly!
Real Estate Tip:A Market Analysis
Setting the right price is an important first step in the process of selling a home. Is it necessary to spend $200 to $400 for a professional appraisal of your property before placing your home on the market?
A professional appraiser's opinion of a property's market value is based on the recent sales of similar homes in the neighborhood, and on the square footage and condition of the property. Different appraisers might come up with different figures. Even if all of them agreed on a value, there is no guarantee that you would receive that amount for your property.
An alternative to a professional appraisal is to ask a professional real estate agent for a written market analysis of your property. This analysis will include information about recent home sales in your neighborhood, as well as how those homes compare to yours. Real estate agents may provide this service with no charge or obligation. If you are still unsure of the value of your home, you may wish to pay for an appraisal.
• See Kay and Richard's Feature Properties: www.ClarksvilleHomeConnection.com/myhomes.asp
• Visit www.ClarksvilleHomeConnection.com
Kay and Richard Schillo
Crye-Leike Realtors
Phone: 931-320-3044
Email: kayschillo@NUMBER1EXPERT.com
Website: www.ClarksvilleHomeConnection.com
How To Set Preferences For: kayschillo@gmail.com
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Kay and Richard Schillo , Crye-Leike Realtors
2512 Wilma Rudolph Blvd., Clarksville, TN, 37040
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NUMBER1EXPERTS Sell More Homes!
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Monday, January 17, 2011
Real Estate Tip: Taxpayer Relief Legislation
Dear Friend,
Please enjoy the real estate tip included below.
Real Estate Tip:Taxpayer Relief Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
• See Kay and Richard's Feature Properties: www.ClarksvilleHomeConnection.com/myhomes.asp
• Visit www.ClarksvilleHomeConnection.com
Kay and Richard Schillo
Crye-Leike Realtors
Phone: 931-320-3044
Email: kayschillo@NUMBER1EXPERT.com
Website: www.ClarksvilleHomeConnection.com
How To Set Preferences For: kayschillo@NUMBER1EXPERT.com
To remove this address, or to change the content or format
of the emails being sent to this address, click here.
Kay and Richard Schillo , Crye-Leike Realtors
2512 Wilma Rudolph Blvd., Clarksville, TN, 37040
Powered by NUMBER1EXPERT®
NUMBER1EXPERTS Sell More Homes!
Copyright © Best Image Marketing and/or its clients. All rights reserved.
Please enjoy the real estate tip included below.
Real Estate Tip:Taxpayer Relief Legislation included in the 1997 federal budget made significant changes that improve a homeowner's ability to profit from the sale of real estate. The capital gains tax exclusions on the sale of a principal residence is just one of several benefits for homeowners. When you sell a home you have owned and use for two of the five years prior to the sale, married couples are allowed to keep up to $500,000 in tax-free profits and taxpayers filing as singles can keep up to $250,000 before paying capital gains tax.
Long-term capital gain is also taxed at lower rates as a result of the Jobs and Growth Tax Relief Reconciliation Act passed in 2003. The maximum capital gains tax rates dropped from 20% to 15% and from 10% to 5%, effective for sales and exchanges taking place on or after May 6, 2003 and through December 31, 2007. In 2008 the 15% rate continues for higher income taxpayers, while the 5% rate for lower income taxpayers drops to 0%, but only for the 2008 tax year. On January 1, 2009, the 10% and 20% rates will be reinstated.
Consult your tax advisor for advice regarding your particular circumstance.
• See Kay and Richard's Feature Properties: www.ClarksvilleHomeConnection.com/myhomes.asp
• Visit www.ClarksvilleHomeConnection.com
Kay and Richard Schillo
Crye-Leike Realtors
Phone: 931-320-3044
Email: kayschillo@NUMBER1EXPERT.com
Website: www.ClarksvilleHomeConnection.com
How To Set Preferences For: kayschillo@NUMBER1EXPERT.com
To remove this address, or to change the content or format
of the emails being sent to this address, click here.
Kay and Richard Schillo , Crye-Leike Realtors
2512 Wilma Rudolph Blvd., Clarksville, TN, 37040
Powered by NUMBER1EXPERT®
NUMBER1EXPERTS Sell More Homes!
Copyright © Best Image Marketing and/or its clients. All rights reserved.
Monday, October 5, 2009
Clarksville TN Is Growning!
For Information on The City of Clarksville, visit www.clarksvillehomeconnection.com. Contains information on the new Marina, Renovations, Hemlock Plant, and more! Find out why this is a great place to live!
Best of Clarksville Nomination
Crye-Leike, Realtors has been nominated! Come out and Vote for Crye-Leike, Realtors as The Best Real Estate Company in Middle Tennessee!
Monday, August 24, 2009
Interest Rates Market in Review
MARKET COMMENT
Mortgage bond prices fell last week pushing mortgage interest rates higher. Inflation data remained bond friendly with the Producer Price Index data coming in lower than expected across the board. Rates seesawed with stocks. Severe stock weakness last Monday helped mortgage bonds start the week on a positive note. Unfortunately, a stock rebound Tuesday erased Monday's gains and this pattern continued throughout the week. Fortunately, the Fed continued to purchase billions of dollars of mortgage-backed securities in an effort to keep rates relatively low. For the week, interest rates rose about 1/8 of a discount point.
The Treasury auctions will once again take center stage as record debt issuance continues. If signs of foreign demand falter, rates will likely suffer. Consumer confidence data may also move the market. Look for stocks to play a role as well.
LOOKING AHEAD
Economic, Indicator, Release, Date and Time, Consensus, Estimate,
Analysis
Consumer Confidence, Tuesday,Aug. 25,8:30 am, et 48.0
Important: An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.
2-year Treasury Note Auction Tuesday,Aug. 25, 1:30 pm, et None
Important: 42-billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Durable Goods Orders Wednesday,Aug 26, 8:30 am, et Up 3.2%
Important: An indication of the demand for “big ticket” items. Weakness may lead to lower rates.
New Home Sales Wednesday, Aug 26, 10:00 am, et 390k
Important: An indication of economic strength and credit demand. A decrease may lead to lower rates.
5-year Treasury Note Auction Wednesday, Aug 26, 1:00 pm, et None
Important: 39-billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
7-year Treasury Note Auction Thursday, Aug 27, 1:00 pm, et
None Important: 28-billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Personal Income and Outlays Friday, Aug. 28, 8:30 am, et 0.1% , 0.2% Important: A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.
U of Michigan Consumer Sentiment Friday, Aug. 28, 10:00 am, et 64.8
Important: An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.
DURABLE GOODS ORDERS:
Durable goods orders are generally believed to be a precursor of activity in the manufacturing sector because manufacturing must have an order before considering an increase in production. Conversely, a decrease in orders eventually causes production to be scaled back; otherwise the manufacturer accumulates inventories, which must be financed.
Unfortunately, durable goods orders data has many drawbacks. The first problem with the orders data is that they are extremely volatile. The volatility of the data usually is attributed to the civilian aircraft and defense components of the figure. For example, if Boeing has a big order for one of its jumbo jets, the civilian aircraft category can change by $3-4 billion. The same scenario is evident when an aircraft carrier is ordered, surges in the defense category result. The second problem with the data is that orders are continuously being revised. There are many times in the past when the advance report on durables showed an increase while a revision a week later showed a decrease. The revised data is found in the report on manufacturing orders, shipments, and inventories. Since the data is very volatile and difficult to forecast, there is quite often a huge disparity between the actual release and the initial projections. Be cautious heading into this release.
Mortgage bond prices fell last week pushing mortgage interest rates higher. Inflation data remained bond friendly with the Producer Price Index data coming in lower than expected across the board. Rates seesawed with stocks. Severe stock weakness last Monday helped mortgage bonds start the week on a positive note. Unfortunately, a stock rebound Tuesday erased Monday's gains and this pattern continued throughout the week. Fortunately, the Fed continued to purchase billions of dollars of mortgage-backed securities in an effort to keep rates relatively low. For the week, interest rates rose about 1/8 of a discount point.
The Treasury auctions will once again take center stage as record debt issuance continues. If signs of foreign demand falter, rates will likely suffer. Consumer confidence data may also move the market. Look for stocks to play a role as well.
LOOKING AHEAD
Economic, Indicator, Release, Date and Time, Consensus, Estimate,
Analysis
Consumer Confidence, Tuesday,Aug. 25,8:30 am, et 48.0
Important: An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.
2-year Treasury Note Auction Tuesday,Aug. 25, 1:30 pm, et None
Important: 42-billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Durable Goods Orders Wednesday,Aug 26, 8:30 am, et Up 3.2%
Important: An indication of the demand for “big ticket” items. Weakness may lead to lower rates.
New Home Sales Wednesday, Aug 26, 10:00 am, et 390k
Important: An indication of economic strength and credit demand. A decrease may lead to lower rates.
5-year Treasury Note Auction Wednesday, Aug 26, 1:00 pm, et None
Important: 39-billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
7-year Treasury Note Auction Thursday, Aug 27, 1:00 pm, et
None Important: 28-billion of notes will be auctioned. Strong demand may lead to lower mortgage rates.
Personal Income and Outlays Friday, Aug. 28, 8:30 am, et 0.1% , 0.2% Important: A measure of consumers' ability to spend. Weakness may lead to lower mortgage rates.
U of Michigan Consumer Sentiment Friday, Aug. 28, 10:00 am, et 64.8
Important: An indication of consumers' willingness to spend. Weakness may lead to lower mortgage rates.
DURABLE GOODS ORDERS:
Durable goods orders are generally believed to be a precursor of activity in the manufacturing sector because manufacturing must have an order before considering an increase in production. Conversely, a decrease in orders eventually causes production to be scaled back; otherwise the manufacturer accumulates inventories, which must be financed.
Unfortunately, durable goods orders data has many drawbacks. The first problem with the orders data is that they are extremely volatile. The volatility of the data usually is attributed to the civilian aircraft and defense components of the figure. For example, if Boeing has a big order for one of its jumbo jets, the civilian aircraft category can change by $3-4 billion. The same scenario is evident when an aircraft carrier is ordered, surges in the defense category result. The second problem with the data is that orders are continuously being revised. There are many times in the past when the advance report on durables showed an increase while a revision a week later showed a decrease. The revised data is found in the report on manufacturing orders, shipments, and inventories. Since the data is very volatile and difficult to forecast, there is quite often a huge disparity between the actual release and the initial projections. Be cautious heading into this release.
Thursday, July 30, 2009
5 Mortgage Tips
1. Know what you can afford.
Review your monthly spending plan to estimate
what you can afford to pay for a home, including the
mortgage, property taxes, insurance, and monthly
maintenance and utilities. A worksheet for developing
your monthly spending plan can be found at www.
federalreserve.gov/pubs/mortgage/MORBRO_2.
HTM#Worksheet1.
Make sure you save for emergencies.
Plan ahead to be sure you will be able to afford
your monthly payments for several years. Check your
credit report to make sure that the information in it
is accurate. A higher credit score may help you get a
lower interest rate on your mortgage. Find information
on getting a copy of your credit report at www.ftc.
gov/bcp/edu/pubs/consumer/credit/cre34.shtm .
2. Shop around—compare loans from lenders
and brokers.
Shopping takes time and energy, but not shopping
around can cost you thousands of dollars. You can get
a mortgage loan from mortgage lenders or mortgage
brokers. Brokers arrange mortgage loans with a lender
rather than lend money directly; in other words, brokers
sell you a loan from a lender. Neither lenders nor
brokers have to find the best loan for you—to find the
best loan, you have to do the shopping. For more information
on mortgage shopping, see Looking for the
Best Mortgage—Shop, Compare, Negotiate at www.
federalreserve.gov/pubs/mortgage/mortb_1.htm .
3. Understand loan prices and fees.
Many consumers accept the first loan offered and don’t
realize that they may be able to get a better loan. On
any given day, lenders and brokers may offer different
interest rates and fees to different consumers for the
same loan, even when those consumers have the same
loan qualifications. Keep in mind that lenders and brokers
also consider the profit they receive if you agree to
the terms of a loan with higher fees, higher points, or a
higher interest rate. Shopping around is your best way
to avoid more expensive loans.
4. Know the risks and benefits of loan options.
Mortgages have many features—some have fixed
5 Tips for Shopping for a Mortgage
interest rates and some have adjustable rates; some
have payment adjustments; on some you pay only the
interest on the loan for a while and then you pay down
the principal (the loan amount); some charge you a
penalty for paying the loan off early; and some have
a large payment due at the end of the loan (a balloon
payment). Consider all mortgage features, the APR
(annual percentage rate), and the settlement costs.
Ask your lender to calculate how much your monthly
payments could be a year from now, and 5 or 10 years
from now. A mortgage shopping worksheet can help
you identify the features of different loans. A sample
of a mortgage shopping worksheet can be found at
www.federalreserve.gov/pubs/mortgage/worksheet.
pdf . Mortgage calculators can help you compare
payments and the equity you could build with different
mortgage loans. See the Board’s mortgage calculator at
www.federalreserve.gov/apps/mortcalc/.
5. Get advice from trusted sources.
A mortgage loan is one of the most complex, most
expensive financial commitments you will ever
assume—it’s okay to ask for help. Talk with a trusted
housing counselor or a real estate attorney that you
hire to review your documents before you sign them.
You can find a list of counseling resources at NeighborWorks
(www. Nw.org/network/home.asp) and on
the U.S. Department of Housing and Urban Development’s
(HUD) website (www.hud.gov/offices/hsg/
sfh/hcc/hccprof14.cfm)
or by calling (800)569-4287.
The Federal Reserve Board
Visit www.federalreserve.gov/consumerinfo for more information on mortgage and other consumer topics.
0709
Review your monthly spending plan to estimate
what you can afford to pay for a home, including the
mortgage, property taxes, insurance, and monthly
maintenance and utilities. A worksheet for developing
your monthly spending plan can be found at www.
federalreserve.gov/pubs/mortgage/MORBRO_2.
HTM#Worksheet1.
Make sure you save for emergencies.
Plan ahead to be sure you will be able to afford
your monthly payments for several years. Check your
credit report to make sure that the information in it
is accurate. A higher credit score may help you get a
lower interest rate on your mortgage. Find information
on getting a copy of your credit report at www.ftc.
gov/bcp/edu/pubs/consumer/credit/cre34.shtm .
2. Shop around—compare loans from lenders
and brokers.
Shopping takes time and energy, but not shopping
around can cost you thousands of dollars. You can get
a mortgage loan from mortgage lenders or mortgage
brokers. Brokers arrange mortgage loans with a lender
rather than lend money directly; in other words, brokers
sell you a loan from a lender. Neither lenders nor
brokers have to find the best loan for you—to find the
best loan, you have to do the shopping. For more information
on mortgage shopping, see Looking for the
Best Mortgage—Shop, Compare, Negotiate at www.
federalreserve.gov/pubs/mortgage/mortb_1.htm .
3. Understand loan prices and fees.
Many consumers accept the first loan offered and don’t
realize that they may be able to get a better loan. On
any given day, lenders and brokers may offer different
interest rates and fees to different consumers for the
same loan, even when those consumers have the same
loan qualifications. Keep in mind that lenders and brokers
also consider the profit they receive if you agree to
the terms of a loan with higher fees, higher points, or a
higher interest rate. Shopping around is your best way
to avoid more expensive loans.
4. Know the risks and benefits of loan options.
Mortgages have many features—some have fixed
5 Tips for Shopping for a Mortgage
interest rates and some have adjustable rates; some
have payment adjustments; on some you pay only the
interest on the loan for a while and then you pay down
the principal (the loan amount); some charge you a
penalty for paying the loan off early; and some have
a large payment due at the end of the loan (a balloon
payment). Consider all mortgage features, the APR
(annual percentage rate), and the settlement costs.
Ask your lender to calculate how much your monthly
payments could be a year from now, and 5 or 10 years
from now. A mortgage shopping worksheet can help
you identify the features of different loans. A sample
of a mortgage shopping worksheet can be found at
www.federalreserve.gov/pubs/mortgage/worksheet.
pdf . Mortgage calculators can help you compare
payments and the equity you could build with different
mortgage loans. See the Board’s mortgage calculator at
www.federalreserve.gov/apps/mortcalc/.
5. Get advice from trusted sources.
A mortgage loan is one of the most complex, most
expensive financial commitments you will ever
assume—it’s okay to ask for help. Talk with a trusted
housing counselor or a real estate attorney that you
hire to review your documents before you sign them.
You can find a list of counseling resources at NeighborWorks
(www. Nw.org/network/home.asp) and on
the U.S. Department of Housing and Urban Development’s
(HUD) website (www.hud.gov/offices/hsg/
sfh/hcc/hccprof14.cfm)
or by calling (800)569-4287.
The Federal Reserve Board
Visit www.federalreserve.gov/consumerinfo for more information on mortgage and other consumer topics.
0709
Wednesday, July 29, 2009
What's Going on with Inflation and Interest Rates?
What's Going on with Inflation and Interest Rates?
If you've seen the news lately, you know concerns about inflation are increasing. But what does it really mean to you?
The fact is, inflation is a very serious issue, and it will likely be on the rise as 2009 proceeds...and along with it, home loan rates will rise too.
To help you learn more about this important topic, I want to send you a link to a short video, featuring the nation's foremost mortgage industry expert. In this video, you'll learn how inflation impacts interest rates and what the outlook is for down the road.
Because home loan rates will be on the rise, if you or any of your family, friends, neighbors or co-workers have been considering a purchase or refinance, now's the time to act.
Please contact me today to discuss your specific situation, and feel free to forward this email and video link along to others that you think might benefit from it as well.
Watch the Video
Sincerely,
Presented by:
Kay and Richard Schillo, The Schillo Connection
Danny Story, U.S. Bank Home Mortgage
If you've seen the news lately, you know concerns about inflation are increasing. But what does it really mean to you?
The fact is, inflation is a very serious issue, and it will likely be on the rise as 2009 proceeds...and along with it, home loan rates will rise too.
To help you learn more about this important topic, I want to send you a link to a short video, featuring the nation's foremost mortgage industry expert. In this video, you'll learn how inflation impacts interest rates and what the outlook is for down the road.
Because home loan rates will be on the rise, if you or any of your family, friends, neighbors or co-workers have been considering a purchase or refinance, now's the time to act.
Please contact me today to discuss your specific situation, and feel free to forward this email and video link along to others that you think might benefit from it as well.
Watch the Video
Sincerely,
Presented by:
Kay and Richard Schillo, The Schillo Connection
Danny Story, U.S. Bank Home Mortgage
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