Currently Browsing: Property and Houses 2010

Convert USD to RMB – What You Need to Know Before Converting Your Foreign Currency to RMB

Over the past few years we have experienced the RMB appreciate against the USD by just over 20% (Jan. 1, 2004 – February 20, 2010 source Xe.com). When China announced that it would allow the RMB to float, investors rushed to convert RMB to USD as quickly as they could because they knew that if they held on long enough, they were guaranteed to see a sizable gain from this currency play. It wasn’t rocket science that the RMB was going to appreciate as quickly as it did. With the United States, UK, and Europe all pressuring China to release to RMB, we knew that it was just a matter of...
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$8,000 First-Time Home Buyer Tax Credit

Are you going to be a first-time home buyer this year? Then you may want to take advantage of the new $8,000 tax credit. There are some rules, so let me explain: Some recent analysis indicates that the following rules may apply – albeit some changes could be forthcoming as we get the “weigh in” from tax professionals around the nation: The deduction is worth 10 percent of a home’s value up to $8,000. This means that if you buy a $60,000 home – your credit will be $6,000. It also means that all homes purchased for more than $80,000 may qualify for the maximum...
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Surveys Find Austin is in a Good Financial Position For the Future

According to the Austin Board of Realtors and the Home Builders Association of Greater Austin, the home market in Austin appears to be near stabilization. As such, experts are predicting that the home market may see a slight rebound this year. One sign that the market is stabilizing is the fact that the job market has seen some recent improvement. Although the Texas Workforce Commission reports that the area lost approximately 4,300 during the year that ended with November 2009, the rate of job loss in the Austin area is still better when compared to many other cities. In Houston, for example,...
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Surveys Find Austin is in a Good Financial Position For the Future

According to the Austin Board of Realtors and the Home Builders Association of Greater Austin, the home market in Austin appears to be near stabilization. As such, experts are predicting that the home market may see a slight rebound this year. One sign that the market is stabilizing is the fact that the job market has seen some recent improvement. Although the Texas Workforce Commission reports that the area lost approximately 4,300 during the year that ended with November 2009, the rate of job loss in the Austin area is still better when compared to many other cities. In Houston, for example,...
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Offsetting My Garden Office – Can This Be Done Through Taxes?

There is much speculation about this question; having been involved in the delivery of hundreds of garden offices and studios I keep up to date with the latest tax and vat guides so I can offer clear possibilities to clients who ask. This article is not professional tax advice rather just the benefit of 14 years experience. If your UK tax status is employed, you cannot claim the cost of a home office against your tax. Your mortgage company will consider funding the purchase as a significant value-enhancing home improvement. Using a garden room for business only, in a domestic garden, may...
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How to Make Money in a Short Sale in 2010

We know real estate and property what happened with the housing market. Values went up too much too fast, banks lend money to unqualified borrowers which has lead our current recession. Who will take advantage of this? People who are buying real estate today! Historically it has never been as good as it is today! It is Jan. 2010 mortgage rates are around 4.875 for a 30 year fixed. In some areas values are down up to 70% from years past and if that is not enough, the government is giving a home buyer an $8,000 tax credit on their purchase. Taking advantage of this situation let tell you of my...
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