Archive for March, 2010

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California expands $10K buyer tax credit

March 26, 2010

State doubles credit to $200M, opens it up to resales
Thursday, March 25, 2010. Inman News

The state of California has re-established and extended a $10,000 homebuyer tax credit. The new law, AB 183, signed today by Gov. Arnold Schwarzenegger, allocates $200 million to the credit for homes purchased between May 1 and Dec. 31, and between Dec. 31 and August 1, 2011. That’s twice the amount allocated to a similar credit passed for purchasers of new homes last year. Those funds were quickly depleted and builders have been asking for the credit’s return ever since. The state has extended the new credit to first-time buyers of existing homes as well as buyers of new homes. The funds will be split evenly between the two groups, and buyers will have to occupy the home for at least two years. The legislation had the backing of the California Building Industry Association and the California Association of Realtors. “The tax credit will help push prospective buyers off the fence, clear out inventory, and jump-start the homebuilding industry, which will help create jobs and reinvigorate the state’s economy,” said Liz Snow, the building association’s CEO and president, in a statement. “AB 183 also will significantly contribute to efforts to stimulate jobs creation within California’s housing market by helping to incentivize first-time home buyers to purchase homes that have been abandoned, foreclosed upon, and returned to the lender; or have been sitting on the market for extended periods of time,” said Steve Goddard, the real estate association president, in a statement. “It is these homes that will require substantial rehabilitation by the new owners, which will in turn generate a tremendous increase in jobs and accessory purchases connected to home improvement activities,” Goddard added. Snow said the credit would be paid out over several years and therefore lessen the blow to the cash-strapped state’s budget. “Additionally, recent studies show that building a new home generates roughly $16,000 in state tax revenues alone, which supports the notion that the credit will more than pay for itself,” Snow said. The Franchise Tax Board concluded that losses to the state’s General Fund will equal $200 million: $6 million in 2009-10; $69 million in 2010-11; $67 million in 2011-12; $54 million in 2012-13; and, $4 million in 2013-14. “The bill appears to represent a blending of policy goals, including: increasing demand for housing by lowering the effective purchase price; decreasing the existing market inventory of homes; and, encouraging construction of new homes. Supporters claim this bill will result in the generation of additional jobs in California. No formal jobs analysis has been conducted,” according to a legisaltive report.

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Pet Friendly Realty Network is barking up the right tree

March 17, 2010

http://www.walletpop.com/blog/2010/03/17/pet-friendly-pet-realty-network-is-barking-up-the-right-tree/

Pet-friendly Pet Realty Network is barking up the right tree

Ann Brenoff RSS Feed Mar 17th 2010 at 10:00AM

Are you trying to find a landlord who will not only welcome Fido with open paws, but understand the pooch’s need to use the backyard as a potty? Are you someone whose home-buying priority isn’t good schools but rather proximity to a dog park or 24-hour vet clinic? If you had your druthers, would you forgo a home with built-in bookshelves in favor of one with a built-in cat platform-climbing tree? Moving, whether it be down the street or from coast-to-coast, is stressful. So call it a clever marketing tool or the answer to a pet-owner’s prayers, but the Pet Realty Network is here to help. The brainchild of British-born Rhona Sutter, the Pet Realty Network charges real estate agents $30 a year to showcase an unlimited number of pet-friendly properties. They can also upload their bios and photos. The fee for developers is $50 a year. The site, free to visitors, provides a wealth of pet moving tips. Sutter is also a Realtor.

Karen Numme, an agent with Keller-Williams in the trendy Los Feliz neighborhood of Los Angeles, joined the network earlier this year. Numme is a doggie stage mom whose five-pound Yorkshire Terrier named Shumi just completed a national campaign for Target. Numme, who shares space on her business card with Shumi, says the Pet Realty Network has been a tremendous resource for her thus far. “I’m a pet person and know quite a bit, but they have information on the site that has helped me to help my clients. It’s great!,” she said. There are links to local pet sitters, pet boarding facilities, dog walkers, and other pet-friendly businesses. Sutter, who started the site almost three years ago, said it has more than 200 members now. Based in Naples, Florida, she said she plans on launching a sister site in the next few weeks that focuses exclusively on pet-friendly rental units. She also runs pethealthalert.com, created after a series of hurricanes underscored the need for emergency pet information. The Pet Realty Network also runs an online store with pet gifts suitable as closing presents from agents to home buyers — things like a “this belongs to me” blanket personalized with a pet’s name, that sells for about $30 or a Mutt Pack Traveler, a see-through traveling case that retails for about $40. Other items include leash holders and T-shirts with horse, dog and cat themes. So, clever marketing or a real service? Probably a little of both, but I’d give the lady high marks for an easy-to-use and cleverly written web site, dedicated to Kash, the Golden Retriever who is listed as the former Director of Barketing. Estimates are that more than 10 million families moved with pets last year, Sutter said, and focusing on buyers with pets just helps agents distinguish themselves from the rest of the pack, so to speak. I’ll raise a paw to that one.

Source Tags: cats, dogs, pet realty, pet-friendly homes, Pet-friendlyHomes, PetRealty, pets, real estate

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UPDATES SHUMI’S CAREER-PET FRIENDLY REALTOR

March 15, 2010

Shumi (my 5lb.yorkie) just shot a National Campaign for Target Stores. It will be in the stores in June.
She is auditioning for a film with a dog as the main actor. She is too small for that role but who knows maybe a sidekick.

I have added a new section to my blog as a PET FRIENDLY REALTOR I want to keep you abreast of resources & tips e.g. moving with your pet. Check out my blog as I will be updating it often.

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11402 Eby Canyon Rd, Sunland, CA | Powered by Postlets

March 11, 2010

11402 Eby Canyon Rd, Sunland, CA | Powered by Postlets.