Tuesday, June 30, 2009

Paying Too Much for Real Estate Taxes?

Fred Prescott, Broker Associate, is currently assisting his past clients in obtaining a significant savings in their Riverside County Real Estate Taxes. There are real dollar(s) savings! If you bought your property within the past 2 1/2 years you have a perfect opportunity to lower your current real estate taxes and rate. IN ADDITION, you can obtain a REFUND of overpaid Riverside County Real Estate Taxes. You will enjoy all the tax savings, which can amount to over $4,500, depending on your property.

As a past client of Fred Prescott, there is NO CHARGE for this service, research and data production. To take advantage of this opportunity contact Fred at the number below.

If you are NOT a past client of Fred’s but would like to take advantage of this opportunity, the research and data production charge is very reasonable and well worth the future savings. A fee is collected only if positive results are achieved. No reduction in Real Estate Taxes = NO FEE!

Contact Fred and start saving money TODAY! 760-398-3544 or 866-898-3544

Click here to view the Real Estate Tax Reduction worksheet.

Monday, June 15, 2009

Opportunities Exist For Savvy Investors

It has been stated that “there are difficulties in every opportunity” however, I believe “there are opportunities in every difficulty.”

The amount of hype we are currently receiving is really amazing. Let’s review a few recent facts and events:

1. Meltdown of Countrywide – taken over by Bank of America
2. Merrill Lynch/Bank of America forced to merge
3. Meltdown of Bear Sterns
4. Meltdown of Fannie Mae and Freddie Mac
5. Crash of Lehman Brothers
6. Bailout of AIG
7. Failure of Indy Mac Bank, First National Bank of Arizona
8. Explosive surge in oil price per barrel by the cartel
9. Insolvency of Citicorp
10. Sale of Wachovia to Wells Fargo
11. Sale of Washington Mutual to JPMorgan Chase
12. Merger of Smith Barney & Morgan Stanley
13. Bernie Madoff multi-billion dollar Ponzi scheme
14. Federal Reserve Interest Rates at 0-2%
15. GM Bankruptcy
16. Chrysler Bankruptcy/take over by Fiat
17. State of California impending financial disaster – highest sales tax and real estate tax of all 50 states.

I am told that the recession shows signs of bottoming out or recovery – that is a MYTH!! This is nothing more than a Bear Market Rally. It’s happened before and will repeat itself. Consult the S&P Case-Shiller Charts and follow the 10 year treasury bills and real unemployment figures. Unemployment is currently at 9.4% nationally and way over 10% in the Coachella Valley. For a great analysis and opinion, read Michael McDonald’s How to Tell a Great Economy From a Fake One?

Opportunities now exist for savvy investors and home buyers to purchase depressed, stressed properties at substantial discounts. Let me assist you with your search.

If you are a serious buyer/investor with cash or have been pre-approved for purchase by your lender, consider giving me a call to discuss your “wants and needs”. There is NO OBLIGATION! If you are just looking at this time, I hope that you continue to use my website as a resource and will call me when you are pre-approved and serious about purchasing a new home. Please call if you are a serious buyer.

You are also invited to call me toll free 866-898-3544 and I’ll spend some time with you on the phone to discuss your situation.

Wednesday, June 10, 2009

Regional Sales & Price Activity - April 2009

Median price fell 36.5% and sales increased 49.2% compared to the same time a year ago for California statewide. Locally, median price fell 50.6% and sales rose by 47.4% from a year ago. The inventory declined from the prior month for the third straight month as year over year sales remain brisk. If the sales pace continues over the next few months we would expect for prices to stabilize and begin to increase.

"Favorable home prices in many parts of the state have led to an increase in affordability for first-time buyers. In the first quarter of 2009, affordability rose to 69%, enabling many to take advantage of first-time buyer programs and near record-low interest rates," said C.A.R. Chief Economist Leslie Appleton-Young. "The jumbo loan market, however, continues to be starved for financing, constraining sales for the high-end segment." However, high end sales are moving up here in the desert.

For more statistics CLICK HERE!