Saturday, December 24, 2005

Real Estate News for Saturday, December 24th, 2005

Thank you so much to everyone who has been a part of my life this year. My family, friends, coworkers, and classmates have all been so helpful to me. Without their support and patience, I would never have been able to do all that I have. So be sure to thank the people that you love, and let them know they are special!

And a big THANK YOU to all the people who have visited my site!

Signs of Cooling. Investors are shying away from residential real estate in some markets as house-price appreciation slows. Some brokers are advising investors looking to buy and flip properties to put away their checkbooks. More purchase deals on condos are falling through as investors get cold feet. With inventories of homes for sale rising, some investors are seeking renters instead. Click here to read more.

Real estate official predicts robust 2006. Questions and Answers. Bill Jilbert, who has been in the real estate business since 1977, is a top official of one of metropolitan Phoenix's biggest home-sales outfits, Coldwell Banker Residential Brokerage. The company has 40 offices and 2,200 agents. Jilbert talked about the market and the challenges ahead in a conversation with The Republic. Click here to read more.

Real estate flips sometimes flop. If you're looking to turn a quick buck on a real estate transaction, accountant Bill Rucci has some words of warning: "It may be quick, but it also may not be as lucrative as you first thought." With housing prices in many parts of the United States skyrocketing, flipping -- buying a property and then quickly reselling it at a higher price -- has become the hottest investment trend. But if you're not careful with your real estate flips, your investment strategy could produce a sizeable payoff for an unintended partner: the Internal Revenue Service. 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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