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42522 Bradshaw Drive, Temecula, CA 92592

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  $450,000

SEE VIRTUAL TOUR HERE

Just Listed in South Temecula!  Spacious 5 Bedroom + Loft with an extra deep 3 Car Tandem Garage.  Over 2600 SqFt and features include slab granite kitchen counters, stainless appliances, double ovens, upgraded flooring throughout, ceiling fans, etc.  Home is absolutely gorgeous inside and out from the inviting front porch to the spacious backyard!  Property includes energy saving solar system and solar screens.  Built in 2011 just down the street from a neighborhood park and walking distance to schools.  Located in Paseo Del Sol with Neighborhood Pools, Fitness Center, Tennis, Basketball, Sand Volleyball, Monthly activities and miles of greenbelts and walkways connecting to numerous park and picnic areas.  HOA is currently $ 84/month.  Very Low Taxes!

  

  42522 Bradshaw Drive Temecula-large-032-42522 Bradshaw Drive-1500x1000-72dpi

42522 Bradshaw Drive Temecula-large-042-42522 Bradshaw Drive-1500x1000-72dpi 42522 Bradshaw Drive Temecula-large-043-42522 Bradshaw Drive-1500x1000-72dpi

To See this Home or Any Other Home for Sale in The Temecula Valley call Gary and April Greer at 951-522-0518 or 951-522-6308

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33636 Spring Brook Circle, Temecula

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33636 Spring Brook Circle-print-001-Spring Brook-3456x2304-300dpi  $440,000

Just Listed in South Temecula!  Spacious Single Story with a 3 Car Garage.  Nearly 2600 SqFt and Features include 4 Bedrooms, 2 Full Baths.  Home is absolutely gorgeous inside and out with volume ceilings, crown molding, shutters, ceiling fans, granite slab kitchen counters, upgraded cabinets, custom paint, etc.!  Located on a Cul de sac in Oak Creek with low 32/month HOA fees.  Temecula Valley Unified School District.  Great Oak High School Boundary.

33636 Spring Brook Circle-print-011-Spring Brook-3456x2303-300dpi  33636 Spring Brook Circle-print-004-Spring Brook-3456x2303-300dpi

33636 Spring Brook Circle-print-031-Spring Brook-3456x2304-300dpi  SEE VIRTUAL TOUR HERE

To See this Home or Any Other Home for Sale in The Temecula Valley call Gary and April Greer at 951-522-0518 or 951-522-6308

Team_Greer-com

30751 Park Point Court, Murrieta California

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2013 055  $350,000

Just Listed in Murrieta!  Spacious Single Story on a very Large, end of Cul De Sac  lot.  Nearly 1800 SqFt and Features include 3 Bedrooms + Office/4th Room Option.  Original Owner-Home is Move In Ready!  Located in Central Park with Clubhouse, Pool, Tot Pool, Tennis, Parks and Playgrounds for just $ 49/month.

2013 104  2013 091

First Open House will be Sunday, February 23, 2014 from 1PM to 4PM.  See You there!

2013 069  SEE VIRTUAL TOUR HERE

To See this Home or Any Other Home for Sale in The Temecula Valley call Gary and April Greer at 951-522-0518 or 951-522-6308

Team_Greer-com

Steps To 1031 Exchange

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money

Six Easy Steps to a 1031 Exchange

With nearly one-third of homes sold in the U.S. today purchased by investors and second home buyers, we should all know more about 1031 Exchanges. Section 1031 of the Internal Revenue Code allows you to roll the gain from the sale of your old property over to your new property without paying tax.
To accomplish this roll-over, there are six easy steps you must follow;

1. Both the old property you are selling and the new property you are buying must be held for investment. This requirement is defined quite broadly; therefore for example, you may sell bare land and buy an apartment building, sell an office building to buy a vacation home, or sell a warehouse to buy bare land. Your personal residence is not considered investment property. Typically, you have to hold each of these properties for a year and a day to qualify for a 1031 exchange.

2. From the day you close the sale of your old property, you have 45 days to complete a list of properties you want to buy. The list should identify the property clearly enough that an IRS agent could go directly to the property using your written description. In most situations, you want to put three properties or less on this list.

3. From the day you close the sale of your old property, you have 180 days to close on the purchase of one or more of the properties from your 45 day list. Whatever property you buy has to be on your 45 day list. Both the 45 and 180 day time frames are cast in concrete—there are no exceptions or extensions.

4. You must not touch the money during the time between the sale of your old property and the purchase of your new property. By law, you must use an independent third party, called a Qualified Intermediary, to hold your proceeds. The Qualified Intermediary also will prepare the legal documents required to link together, as a qualified exchange, the sale of the old property and the purchase of the new property.

5. You must take title to the new property in exactly the same way as you held title to the old property. If you held the old property as Fred Jones, you cannot buy the new property as Jones Investment Corporation. There are some exceptions to this rule for situations like a revocable living trust.

6. In order to defer 100% of the capital gains tax, you must meet two requirements. First, you must buy a property equal or higher in value than the one you sold. Second, you must reinvest all of the proceeds from the sale into the new property.

To complete a 1031 exchange in the greater Temecula Valley  please give us a call at 951-522-0518 or april@teamgreer.com We’re also available to answer any questions we can!

Team_Greer-com

All information deemed reliable but not guaranteed. For tax or investment advice we suggest you contact an attorney or certified tax accountant.

SENATE BILL 30 Mortgage Debt Forgiveness

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California Association of Realtors (CAR) has been fighting to protect underwater homeowners from facing state income tax on debt forgiven in a short sale.

Recently CAR received clarification from the IRS and the Franchise Tax Board that debt forgiven in a short sale is not income.  Therefore, CAR will not be pursuing the short sale debt forgiveness provisions in SB 30.

Thanks very much to thousands of REALTORS who fought for their clients by responding to this issue.  And yes, we were 2 of them.

More on this here

A lot has changed on the short sale front.  In fact many of the lenders are NOT even requiring that you prove a financial hardship in order to get your short sale approved.  For a private and confidential consultation at our office for what steps to take to short sale your home, call or email April Greer at (951) 522-0518 or april@teamgreer.com

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Temecula For Sale By Owner

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I was able to locate 6 FSBO’s in Temecula on Zillow and 2 on the For Sale By Owner site.  I’m not sure this is the recipe for exposing your property to every potential Buyer so that the Buyer that will pay you the most will make an offer.  On top of that I personally wouldn’t file a tax return in this state without professional assistance, let alone my largest asset.  All that being said…here is some food for thought if you are thinking of selling your home yourself-

Questions To Consider:

  • Do I have the time, energy, know how, and ability to devote a full forced effort to sell my home?

  • Am I prepared to deal with an onslaught of buyers who perceive FSBO’s as targets for low ball or scam offers?

  • Am I offering financing options to the buyer? Am I prepared to answer questions about financing?

  • Do I fully understand the legal requirements in California?

  • Do I have the capability of handling the legal contracts, agreements and any disputes with buyers?

  • Have I contacted the necessary professionals-title, inspector (home and pest), and escrow company?

If you are unsure about any aspect of these questions, you may be well advised to hire a professional. We would love the opportunity to meet with you and present our marketing strategy to obtain top dollar for your property.

If you aren’t convinced that hiring a professional is worth our fee, we will be happy to provide you a list of requirements and the documents necessary to complete your sale on your own.

We look forward to hearing from you at april@teamgreer.com or 951-522-0518,

Gary and April Greer

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Why Didn’t My House Sell?

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At the end of 2013 35+ Temecula homes expired unsold.

In such a great marketplace you might ask yourself…WHY?

Well here are the top 10 reasons your property may not have sold:

  1. The price was too high and no adjustments were made (or if they were made-they were made too late).
  2. There were no pictures or too few pictures to inspire interest.
  3. The pictures were terrible.
  4. The property specifics were not filled out correctly or incomplete.
  5. Your showing instructions were not clear or too restrictive.
  6. There was no lockbox or ease of access.
  7. Your agent didn’t answer or return calls in a timely manner.
  8. Your commission offer was not enticing or competitive.
  9. Your property’s location or condition is not desirable at the price listed.
  10. You did not prepare well for showings.

I could probably go to 20 but we’ll stop at 10.

If you would like a professional real estate team to re-evaluate your property to maximize it’s exposure to ready buyers in the marketplace…please give us a call or drop us an email at 951-522-0518 or april@teamgreer.com

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