08 Jul 2010
By admin, in Podcast
In the end it costs the seller and the agent a lot of money. It costs the seller money in interest, and mortgage payment that were paid the many days it was on the market too high, utilities, and possible cost them…
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Posted in Podcast |
03 May 2010
By Ryan Carrigan, in Economy, News, Real Estate In General, Real Estate Southern California
In the end it costs the seller and the agent a lot of money. It costs the seller money in interest, and mortgage payment that were paid the many days it was on the market too high, utilities, and possible cost them…
...read more
Posted in Economy, News, Real Estate In General, Real Estate Southern California | Tagged home, listing, market, marketing, mistakes, pricing, property, real estate, Real Estate Southern California, seller, short sale |
26 Apr 2010
By Ryan Carrigan, in Current Affairs, Economy, Education, News, Real Estate In General, Real Estate Southern California
Here are some of the most common mistakes buyers make when buying a home. What we pontiffs wanted to do is better inform our loyal followers to these so they will be better prepared going into the process all together. We understand that many will know to go with a Carrigan Group advocate and you can avoid many of these problems, but some can’t and so this will help you better inform your agent to protect yourself.
1. Ignoring the costs and effects of low credit score…
What score should I have? Well I wish I could tell you but I can’t it varies, there is so many variables involved, what is your income, what type of credit do you have, what is the amount of liabilities do you have, and are you leveraged too high? But I can tell you that below 650 it will cost you, in many ways this number will affect you and your wallet. For example, your car insurance will be more expensive, your loan interest may be higher, your payments for furniture and other installment contracts will be higher, you may be turned down for loans, apartments, and even jobs because of it (regardless that it is against the law, you may never know the real reason) and you may be required to put more money down.
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Posted in Current Affairs, Economy, Education, News, Real Estate In General, Real Estate Southern California | Tagged agent, buying, california, common, credit, home, house, inspections, loan, mistakes, property, real estate, Real Estate Southern California, realtor, Riverside |
14 Apr 2010
By Ryan Carrigan, in News, Real Estate In General
Let me explain in simple terms what happened. If your friend gives you $200.00 and you spent the money, but later you cannot pay him/her back, and they are nice enough to get what they can from you and forgive the rest, say like taking only $125.00 instead of $200.00, then the Tax Gods deem that you have been enriched by $75.00 and that is considered income and must be included in all your gross wages as well. The TAX MAN NEVER goes away! The Bank loan on your house is the same way, if you owed $350,000.00 on the first and $50,000.00 on the second and you could not get a loan mod (or wish not to take one) and the home was put up for sale (by a FINE Firm such as The Carrigan Group….I’m just saying), and the bottom line proceeds came only to $135,000.00 to the first and $5,000.00 to the second loan, the IRS and the state tax Board sees you being “enriched” by $260,000.00, and you are taxed on that as income ADDED to your regular income. Scary, very scary, isn’t it?
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Posted in News, Real Estate In General | Tagged banks, carrigan, congress, debt forgiveness, loan, loan mod, modification, pontiffs, real estate, short sale, tax, values |
