Real Estate Update in Palo Alto & Los Altos

The real estate market in Los Altos continued its strong and steady growth in 2007. Although the number of the sales declined, the average price rase 5% and median price increased 8%. These were no sales under $1 million. The high end of the market didwell with 17 homes selling for $3 million or more. […]

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Buying real estate and selling it again fast, and ideally for a profit, is called “flipping”. This type of real estate investing is completely legal and ethical. Negative press over house flipping probably comes from media coverage of
real estate fraud situations, where people have intentionally overpriced the market value of a home, fraudulently completed documents, […]

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Homeowners found three attractive tax breaks among their holiday presents, thanks to the federal Mortgage Forgiveness Debt Relief Act of 2007, which was enacted in December.
Forgiven debt may be free from income tax
The first tax break concerns forgiveness of debt, which occurs when a lender forgoes repayment of principal and/or interest the borrower owes.
Typically, discharged […]

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Real estate has been one of the top investments of the decade, forget about the stock market and who wants to own 1/100000th of a company anyway? When looking for good deals on real estate don’t ’sell yourself short by only looking locally. Many of the best deals can be found by searching world-wide. For […]

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$1,599,000                            SqFt:    2,397
Great house! Great Lot! Great price! Come enjoy this spacious and comfortable family home. This traditional home offers four bedrooms and three baths plus separate office of 5th bedroom. Large family room kitchen. Attached two car garage.
Great house! Great Lot! […]

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