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Friday, July 16, 2010

Top 10 Best Small Cities for 2010

Top 10 Best Small Cities for 2010
Money magazine has released its list of the best small cities in America. The list, which recognizes locales with great schools, safe neighborhoods, high employment rates, and low crime, is a coveted honor and one that can have a significant economic impact on a growing community.

This year’s top 10 winners are:

1. Eden Prairie, Minn.
2. Columbia/Ellicott City, Md.
3. Newton, Mass.
4. Bellevue, Wash.
5. McKinney, Texas
6. Fort Collins, Colo.
7. Overland Park, Kan.
8. Fishers, Ind.
9. Ames, Iowa
10. Rogers, Ark.

Source: Money Magazine (07/10/2010)

If you need to relocate, contact me, Gary Tippner.
I can help find you a great agent in any city with my premier agent connections.

Tuesday, July 13, 2010

Mortgages Can Help Finances, Read on...

Mortgages Can Help Finances, Read on...

By D a n S e r r a

R IS MEDIA, July 10, 2010--(MCT)--While most financial-savvy consumers do their best to avoid debt, one debt that is unavoidable to many families is a mortgage. Because many of us feel more in control of our home and expenses without a mortgage, a common question is whether to pay it off as quickly as possible.

The answer depends on each person's financial situation. A mortgage can actually be a blessing to some.

For example, mortgage interest is tax-deductible. This deduction saves taxpayers about $103 billion a year, according to the U.S. Treasury. The benefit is less to owners of low- to moderate-valued homes who may not have much interest or enough to claim it by itemizing deductions. But for families with a higher net worth, it allows a tax savings and may encourage them to buy larger homes.

With tax brackets for the wealthy rising next year, this tax break becomes more valuable. When the break is included, a 6 percent mortgage could have a rate closer to 4 percent in reality. Calculate your mortgage's effective rate by subtracting your tax rate from 100 and multiplying that number by the interest rate. For example, a 28 percent tax bracket with a 6 percent mortgage would result in (.06 x 72) to equal the equivalent of a 4.32 percent mortgage rate after considering tax savings if itemized. That helps the interest look less daunting.

In addition, with the possibility of investing with a goal of a 5 or 6 percent return, instead of putting that money into a mortgage the homeowner could get a return higher than the effective rate, which could help grow net worth. On the other hand, if the effective rate is higher, it may make sense to pay down the mortgage.

Another situation that makes paying off a mortgage attractive is for someone at risk of bankruptcy. Many states offer protection from creditors seizing a home to pay debts. If a home is paid in full, it is more likely the owner could stay in it if he goes broke, providing he can pay for the upkeep.

Money taken out for a mortgage also could reduce net worth later in life. The potential for higher investment returns are gone; that money will not be able to grow if investments grow over the long term. Not to mention having too much invested in a house. That could be detrimental at retirement. While we can get a loan for a house, there are no loans to finance retirement.

(c) 2010, M cClatchy-Tr ibune Information Services.

Thursday, July 8, 2010

Grass Valley Foreclosures

Grass Valley Foreclosures

Example (as of 7/7/2010)
VERY NICE 3/2 almost 1300SF on 2 acres with pond off Rattlesnake. Completely cleaned up and painted and nice newer carpet - only $185K !!!!

Give me a call at 1-877-311-GARY or email me about this deal.
There are more I have weeded out. Contact me today!

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