Friday, November 29, 2013

NO CHANGES to 2014 Fannie Mae and Freddie Mac Loan Limits

Great news!!

Fannie Mae and Freddie Mac have announced the new loan limits for 2014, and there are NO CHANGES.  This allows buyers to continue to borrow at current levels and is very good news for all of us in the Real Estate business.  Feel free to share this email with your offices.

http://www.fhfa.gov/webfiles/25847/CLL2014112613Final.pdf

Friday, November 15, 2013

The McDowell Sonoran Preserve Brown's Ranch Trailhead is open!

For those of you looking for an outdoor activity to enjoy our beautiful fall weather this weekend...the McDowell Sonoran Preserve Brown's Ranch Trailhead is open! Below is a link with more information on this easy hike out to the old ranch site.http://www.mcdowellsonoran.org/trailhead/displayLocation/9#sthash.jeBCiVet.5mTPyzmc.dpbs

Thursday, November 14, 2013

JUST LISTED IN PINNACLE PEAK VISTAS 3

Fabulous 1.19 acre lot capturing Pinnacle Peak, McDowell Mountain, sunset and city light views! Very private on a cul-de-sac street & easy to build on with no major washes. First time on the market since original owner purchased from the developer 25 years ago!

Offered at $449,000


Friday, February 22, 2013

9 tips for creating passwords that send hackers away–PLUS 5 points to remember when selling your home

To keep hackers out of your systems, never click on suspicious links or attachments, even from friends. But it's even more important to manage your passwords. Here's what internet security experts say we should do:

1. Use nothing from the dictionary. If your password is in the dictionary, it's no barrier at all. Even if you make  changes to a real word, hackers can still breach it.

2. Use a "passphrase." The longer the password, the harder it is to crack. One that's 14 characters or more is ideal. But long passwords are hard to remember, so think of a phrase–a favorite song lyric, movie quote, or poem, then use only the first few letters of each word for your "passphrase."

3. Try gibberish. Randomly run over your keyboard, hitting Shift and Alt/Option keys every once in a while. Copy each of these gibberish passwords into a text file and put it on an encrypted, password-protected USB drive. The best passwords have a random selection of upper and lower case letters, numbers, and keyboard symbols, like "%" and "+".

4. Store passwords securely. Never store your passwords on your computer. If it's hacked, all your accounts will be compromised. Store passwords on an encrypted USB drive with a long password you memorize, then copy and paste them into accounts to prevent keystroke logging software from getting them. Or simply keep password hints (not the passwords) on a piece of paper in your wallet.

5. Never use a password twice. Hackers love it when people use the same password for lots of sites. Once they get into your LinkedIn account, they'll try for your bank account. Make sure it's different.

6. Give crazy answers to security questions. It's not hard for hackers to find the real answers to these questions. So when accounts ask, "What high school did you attend?" make your answer something like, "The sky in Nebraska." But be sure to remember it!

7. Use more than one browser. Pick one browser for casual surfing – news, hobbies, forums, and blogs. Use another for social nets. Then choose a third to use only for the important stuff – online banking, bill paying, and e-mails. Then close it when you're done using it.

8. Pass on those password managers. There are password protection and password management programs available, but, remember, they still reside on the computer. If it's stolen, you've lost your passwords. Also, hackers have cracked some of this software.

9. Be careful about sharing. Try not to register for online accounts with your real e-mail address. You can get "throwaway" e-mail addresses at sites like 10minutemail.com, which self-destruct in 10 minutes. Consider everything you share online as public record.

Friday, January 11, 2013


Forever Views in Saguaro Heights!

12578 E. Saddlehorn Trail, Scottsdale

Located in a 9 lot enclave of custom homes all on acre+ lots, this Santa Fe w/contemporary influence inside is an entertainer's dream. Beautiful backyard sides the canal offering forever views of the McDowells, Red Mountain & Saddleback Mountain. New Price $895,000.





Lowest Priced 5 Acre Piece in this Coveted Area 

Corner lot, easy to build on, secluded, very private, serene & quiet but not isolated. 
Views of landmark Pinnacle Peak, city lights, year round sunsets. Many options with R1-190 zoning. 
No HOA to restrict your design options.

Offered at $489,000



9 tax questions homeowners must ask – PLUS 5 ways to stay on top of home maintenance

Now is the time to start putting together records and information for your 2012 tax returns which are due April 15, 2013. Here are some tax questions homeowners need to ask:

1. What tax benefits did homeowners get in the recent 'fiscal cliff' budget agreement?Two tax provisions that ended in 2011 were reinstated for 2012 and 2013: 1. Mortgage insurance premiums are again tax deductible for people with adjusted gross income below $110,000; 2. Homeowners will continue to get tax credits for certain energy-efficient home improvements. For details, visit www.irs.gov or ask a tax professional.

2. What are the home related tax deductions people most often claim? One of them is the mortgage interest deduction (which can mean about $3,000 in tax savings for the average itemizing homeowner) and another one is the deduction for property taxes.

3. What is the #1 mistake homeowners make with their taxes? If your real estate taxes are not part of your monthly mortgage payment, you are billed by your town or county. Those tax bills often include other items like trash collection and snow removal fees. Be careful to deduct only the part of your bill that is property tax.

4. What tax deduction should I be sure to take? Make sure to deduct any points you paid on the mortgage you took out to purchase your home in the tax year you paid them. But if you refinanced, you need to amortize and deduct any points you paid over the life of the mortgage. People can easily forget the deduction after a few years.

5. What's the most important thing I should do as a first-time homeowner? Look at the HUD-1 form you received when you closed on your home. There may be fees like prepaid taxes or interest you can now deduct.

6. What should I look out for if I've owned my home for a number of years? If you've refinanced and taken out home equity loans or lines of credit, remember that the maximum outstanding home equity debt that's deductible is $100,000 and the maximum amount of deductible mortgage interest is $1 million.

7. Which home improvement records should I keep? Keep all receipts for the capital improvements you've made to the property. Tax rules let you add these expenses to your home's cost to reduce any profit you might have to pay taxes on when you sell. But most people are exempt from taxes on the first $500,000 of profit for joint filers ($250,000 for single filers).

8. What's the difference between a capital improvement and a repair? Fixing a furnace so it keeps working is a repair; replacing it is a capital improvement.

9. Will taking a home office tax deduction increase my chances of being audited? Taking the deduction shouldn't generate an audit by itself. But if your expenses are unusually large, or if it looks like you're using office costs to create artificial losses, the IRS will probably look into it.

NOTE: Always consult a tax professional for the definitive answer to any tax question.

AN OUNCE OF PREVENTION

Doing routine home maintenance is the best way to avoid those really expensive repairs that can come when things aren't looked after. Plus, when it comes time to sell, buyers will pay more for a well-maintained home. Here's how to stay on top of the upkeep. 

1. Make a schedule and stick to it. Most maintenance can be done annually: roof, gutter, and downspout repairs; sealing exterior cracks; weatherproofing windows and doors; furnace and air conditioning checkups; inspecting and cleaning the drainage system. Put these on your calendar, then do them!

2. Take care of problems as soon as they appear. If a pipe leaks, repair it immediately. If a roof looks worn, repair it before it leaks. When gutters back up, even on a new house, water can come down inside walls and even damage the framing. You want to avoid the extra damage that can occur after something fails.

3. Assemble a team of contractors and repair people.Ask friends in your area, neighbors, and your real estate agent to recommend trades people. When buying a home, ask the seller for a list of the people who have worked on the property.

4. Be careful when choosing the least expensive contractor or building materials. Don't make cost the most important factor. Shoddy work and inferior materials will cost you more when you have to redo the job.

5. Ask your home inspector to re-inspect your property.Periodically bring in a professional inspector to show you what needs to be done to keep your home in good shape. Inspectors can point out simple, inexpensive things, like sealing cracks and touching up paint, which can make a big difference in the long run.