Archives for March 2010

New Bill Could Relieve California Homeowners of Paying Forgiven Debt Tax

Yesterday the California Senate voted 21-15 to approve legislation that would relieve the tax liability of California homeowners from who have had forgiven debt from a foreclosure or short sale. The bill will make changes to the state’s law to make it more consistent with the federal tax law.

The bill is now in front of the governor and if signed it will become immediately effective. It is retroactive to include the 2009 tax year and the exemption on state taxation of forgiven mortgage debt would remain in force through 2012.

For more information about Forgiven Debt Tax download our FAQ
https://www.parsonsrealty.com/parsons_realty/taxes/car_faq.pdf

or for more information on the Mortgage Debt Forgivness Act and Federal Tax Law visit the IRS website.
https://www.irs.gov/individuals/article/0,,id=179414,00.html

Bad MLS Photo Of The Week 3/10/2010

One of the most important marketing tools you have to sell a home are the photographs. Sometimes we “share” funny photos we find in the Shasta County MLS and have decided to add the “Bad MLS Photo” series to our Blog. We’ve saved several photos over the years and figured it’s time to start sharing some of them with you.

First off, let me apologize if you see your home listed here. If your home is for sale, it might be a good idea to take some new photos. If it’s not your first time seeing these photos; what were you thinking?

Photo of a home in Bella Vista CA. The photo bites but I hear the dog is friendly.

Click on the photo to enlarge.

With only one photo posted, this home is still for sale in the Shasta County MLS; go figure.

Send Us A Photo - Maybe We'll Post It!

Do you have a photo that others would enjoy seeing on our Blog? If so, we would love to have a look, please upload your photo here.

Redding Home Sales February 2010

Redding home sales were relatively flat when compared to February last year. February 2010 had 56 home sales reported in the Shasta County MLS compared to 2009’s 57 homes.

The median sales price for Redding homes was $243,246, just slightly higher than last year’s price of $241,054.

Price per square foot for Redding homes dropped slightly from last year’s $142.12 to this year’s $129.51.

Overall the Shasta County MLS had a 132 homes sold in February 2010 which is higher than last month’s 108 home sold.

1297 Riviera Dr, Redding CA $89,301

Well cared for Redding home with great views of wooded greenbelt from deck. Nice interior with lots of upgrades tile floors, crown molding, interior doors, HVAC system, kitchen appliances, and windows. Great curb appeal with picket fence and set back from road.