It’s Tax Time! Tune in to The Real Estate Hour for Timely Real estate Tax Tips with Madelyne Cromwell

In 2014 , did you Sell a House? Buy a House? Short Sale? Small business owner ? Realtor? Wondering what  you can write off? On This week’s Real Estate Hour, we’ll have the answers to those and many other questions. Call in with your questions 9-10AM Sunday 707-636-1350. and, tune in to 1350AM, 103.5FM or KSRO.com

Madelyne Cromwell, Enrolled Agent has expertise in tax return preparation and tax planning, and is authorized to represent clients before the IRS.Madelyne Cromwell Madelyne is a member of the National Association of Enrolled Agents (NAEA), the California Society of Enrolled Agents (CSEA), the Sonoma County Executives Association (SCEA) and the American Institute of Professional Bookkeepers (AIPB).

Prior to joining Cromwell Tax & Bookkeeping, Madelyne spent 15 years in financial services. Most recently, she was a Director at BlackRock, the world’s largest asset manager, where she held senior management positions in finance and technology. Madelyne started her career as a financial analyst at Lehman Brothers in New York City.

Madelyne has a B.S. degree, magna cum laude, in Foreign Service from Georgetown University and an A.S. degree from the Santa Rosa Junior College.

When she is not working, Madelyne enjoys spending time with her partner and two furry (canine) children, playing golf, and watching the Oakland A’s.

Wondering How Far Home Values Have Come Up Since the Peak??

ChangeinthemarketCalifornia lost about 60% of value in the years following our peak, which hit the top 2006/2007, and hit the bottom in 2009. So, a negative 14.5% is not bad.

Every State (every market for that matter)experienced different declines, different peaks, and a different increases in home value. so, here’s a very general look at the country and where each state is compared to where they were.

 

Local look at 2015 in Real Estate, compared to the National look…

Realtor Magazine came out with a list of “Top 10 Reasons 2015 will Rock in Real Estate”. On today’s show we’ll bring the items on this list to the LOCAL level, as some make sense, some are “Not Applicable” in our market, and some are just wrong (in our opinion). Remember–all real estate is very local!

Don’t get me wrong. We think 2015 will be a great year in Real Estate.  For the best “local” real estate coverage look no further than our weekly talk show on KSRO, 1350AM and 103.5FM, 9 to 10am, EVERY Sunday! And Happy New Years!

Here’s the article if you’d like to follow along…

http://realtormag.realtor.org/daily-news/2014/12/31/10-reasons-2015-will-rock-for-real-estate#.VKiDcWfLDgs.facebook

A New Way to Generate Your Downpayment – Crowdfunding

housewbow

Here’s an interesting twist on the typical “wedding gift” …how about a home down payment gift registry?

Or, maybe you need funds for home renovation or home improvements…?

There are three new sources that can help you;

HatchMyHouse.com

DownPaymentDreams.com

FeatherTheNest.com

We think this is a great idea!! However, it’s very important for you to discuss your down payment source with your lender!

 

Down the Home Stretch: The Closing Process Explained.

Now that you’ve negotiated a contract, done your inspections and secured your loan, are you wondering what’s next?

Tune in to today’s show 9:00-10:00Am on 1350 AM or 103.5 FM KSRO. Streaming live at www.KSRO.com

Mike and Allison will be discussing the process as you head to the closing table.

Follow along as we dig a little deeper into part one of Mike’s Press Democrat 2 part series “Down the Home Stretch.”

https://www.dropbox.com/l/lqz8wXYXq0kWHVoLiP9zdo

On Today’s Show – County Clerk, Recorder, Assessor, Bill Rousseau: Sonoma County Property Tax Assessments 2014, The Good and the Bad News, and The Appeal Process….

On today’s show we’ll be talking about the good (Home Equity is up) and the bad (Property Taxes are up) …and discussing the Sonoma County appeals process if you feel your property’s assessed value is off.

Not sure what your assessed value is? http://www.sonoma-county.org/assessor/SearchRoll.htm

Don’t agree with your Assessed Value? http://sonomacounty.ca.gov/Board-of-Supervisors/Services/Assessment-Appeals/

In California, Proposition 13 baseline year is a major factor in DETERMINING your Property Taxes. Had your property re-assessed, and lowered in the down-market (Prop 8)? Remember, it can go UP quicker than if it is Prop 13 only! We have the man who can explain all of this with clarity on the show THIS Sunday, November 16, 2014–Bill Rousseau–County Clear, Recorder and Assessor! The graph below is a “Follow-Along” for all of our listeners!

Remember, if your real estate was "re-assessed" due to an appeal or general assessment, and it is UNDER your "base-line" Prop 13 value, it will go UP faster than Prop 13's max 2% yearly increase.

 

Bill will answer ALL of your questions regarding Sonoma County Property Tax issues.

This week on the show we are delighted to have William (Bill)  Rousseau, Clerk Recorder Assessor for Sonoma County on the air with us. We’ll discuss the current state of property tax assessments, Proposition 13 AND Proposition 8 and how both inter-play in property taxes on YOUR home. Also discussed will be the once a “lifetime” proposition which allows you to transfer your old Prop 13 baseline to another property within the county. See you then!   707-565-1888

 

Buying Country Property or “What did I just step in?”

Here in Sonoma County,Calfornia, “The Wine Country” folks are snapping up “Country” properties. Country could be defined as 2+ acres of land (0.8084 Hectares), using an “on-site” waste disposal system or “Septic Tank” and drawing water from an “on-site” well. Here’s the first part of my 4 part series which appeared in our local newspaper, “The Press Democrat”. I write a column approximately twice a month. Enjoy!

West County Country

Buying “Country Property” So you want to raise some chickens and things? Pt I

 

In my last column two columns we have been discussed writing a lean and mean offer that will stand-out from all others in a “Multiple-offer’ situation.  I gave techniques on writing offers with a minimum of inspections (all according to the buyer’s level of sophistication and comfort level) in order to make your OFFER “cleaner” and more attractive to a Seller. However, those techniques concerned a “town or city” property on public sewer and water on a subdivision lot (3500 to 6000 sqft). Now I want to explore the complexities of purchasing a “country property” replete with multiple acres of land (an acre is 43560sqft), septic systems, well water,  permitting issues for older buildings or additional “units”,  property line disputes and possible toxic issues. And you thought buying a “town” property was tough and complex.

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Listen to Mike and Allison on "The Real Estate Hour", Sundays, 9 to 10am PST, KSRO, 1350AM or 103.5 FM and www.KSRO.com