Sunday, November 13, 2005

Real Estate News for Sunday, November 13th, 2005

Jim Gillespie to appear on BusinessWeek Weekend TV today. Jim Gillespie, president and CEO of Coldwell Banker Real Estate Corporation, will be featured on the Sunday, November 13th edition of BusinessWeek Weekend, a nationally syndicated business show seen on most ABC-TV affiliates. The "Destination CEO" segment will take a 5-minute look into Jim's rise from Illinois farm boy to head of Coldwell Banker Real Estate Corporation and focus on what makes Coldwell Banker a strong organization. Consult your local TV listings to determine the time in your area!

THE "Pocket Idiot's Guide to Reverse Mortgages" is required reading for anyone over 62. It's a concise source that compares reverse mortgage choices in an easy-to-understand format. Reverse mortgages are financial devices that pay money to senior citizen homeowners who are at least age 62. No repayment is required until the homeowner sells, moves out or dies. Click here to read more.

Beginning Jan. 1 and running through the end of 2007, Uncle Sam will allow tax credits of up to $500 for owners who make such building envelope improvements as new windows, insulation and high-efficiency heating, ventilating and air-conditioning systems. By using compact fluorescent bulbs instead of incandescent bulbs, you can cut your lighting costs in half. CFLs use only a fourth of the energy and last up to 10 times longer. The rule of thumb with lighting is to replace at least the five highest-use bulbs with CFLs, and there's probably no room in the house where the lights are bright the longest than the kitchen. Click here to read more.

Six more Question and Answers with Bob Bruss. Condo building weeds out renters? A seller counters above asking price? Making money off security deposits? Need bump up in liability coverage? These tax savings come at a cost? Interest-only mortgages won't put U.S. at risk? Click here to read more.

What are you willing to trade off in today's housing market? One in five new homeowners in California spends more than half their gross household income on a home loan. Half of new homeowners spend more than the federally recommended limit of 30 percent of household income on the mortgage. That means more new buyers have little or no financial cushion if they find themselves out of work, develop health problems or can't meet the rising payments on an adjustable-rate mortgage. Click here to read more.

~Tina Jan~
Coldwell Banker Kivett-Teeters
1655 E. Sixth St.
Beaumont, CA 92223
Work: 951-845-5520 Ext. 105
Fax: 951-845-4916
Cell: 909-446-2666
Toll-Free: 1-877-TINAJAN
tina.jan@coldwellbanker.com
www.tinajan.com

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