Showing posts with label estate. Show all posts
Showing posts with label estate. Show all posts

Saturday, July 30, 2011

Tax Advisor Offers Estate and Trust Tax Preparation

PRLog (Press Release) – Jul 26, 2011 – Los Angeles, CA: William D. Truax E.A. Tax Advisors, Inc. are urging those enacting a plan for estate or trust inheritance to speak with a professional tax advisor to ensure all matters of estate and trust tax are accounted for, relieving beneficiaries of the tax burden.

William D. Truax and his associates have over 30 years of experience working in the field of tax preparation. Just one of the fields his firm specializes in is estate and trust tax preparation. Effective estate and gift planning ensures the orderly transfer of assets to a client’s beneficiaries. Security in these matters can then be gained and can reduce or even eliminate the tax due. This has a myriad of applications, such as the necessity of a will or trust and matters of inheritance, business succession and continuity of ownership, and any other transfer of taxable assets between parties.

William D. Truax, founder of the firm, commented on the matter: “Security of mind in tax matters is always essential, and the transfer of assets is no exception. Prompt and thorough preparation in these matters can completely handle any difficulties that might have occurred. We can guide you through the complex process of getting your financial affairs in order for your future and that of your heirs.”

Mr. Truax has been a tax practitioner and financial consultant in private practice for over thirty years. He is admitted to practice before the IRS and all state tax agencies and is also a member of the bar of the United States Tax Court. As a fellow of the National Tax Practice Institute, he is an Accredited Tax Advisor and a member of the National Association of Enrolled Agents. Mr. Truax was a founder and Director of Professional Business Bank in Pasadena, CA, and was chairman of the bank’s investment committee, responsible for control and oversight of over $100 million in bank assets. Mr. Truax has been active in numerous philanthropic endeavors and is currently a trustee or a board member of several active charitable organizations.

William D. Truax E.A., Inc has been representing clients before the IRS and state tax agencies for over 20 years. In addition, its founder William D Truax is one of only 300 non-attorneys nationwide ever to be admitted to practice before the US Tax Court.

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Thursday, July 21, 2011

Is the Sacramento real estate market secretly improving?

PRLog (Press Release) – Jul 19, 2011 – When I looked at the latest sales numbers from the Sacramento Association of REALTORS(r) for the month of June, 2011 http://www.sacrealtor.org/documents/about/statistics/june2011.pdf I noticed something quite interesting.  The actual number of homes for sale, those that are not under contract was 1,934.  The total number of closed escrows (sales that were completed) was an amazing 1,734.  That means almost all of our inventory of homes for sale is being sold each month!

This is the type of market condition that leads to a seller's market, where prices rise and sellers set the tone.  But we're not in a seller's market.  How do I know?  The median price moved downward to $164,900 from $167,000 in May, 2011 and down from $194,000 one year ago.

So how is it that we're selling 90% of our inventory every month and the median price is still going down?  It's because buyers are demanding better values before they'll buy.  If a home is not a "good buy," they'll simply walk away and not buy or purchase something else.

So sellers are still under pressure to price homes aggressively and fix them up to show them in their best light.  Failure to do so may result in longer than expected time on the market. The report shows that 47% of all home sales occur in the first 30 days on the market.  An additional 18% in month number two and an additional 10% in month number three.  The percentages go south from there.  This is a strong clue to home sellers to set things up so their home has a very good chance of selling in the first 30 days.  If it hasn't sold by then, some adjustment to the marketing is necessary to increase the odds of a sale.

The other factor impacting the market is the number of cash buyers who represent 28% of the marketplace.  Cash buyers demand better values, in effect saying, "I'll give you cash and a quick close.  You give me a better value." There's almost as many cash buyers in our marketplace as those that use low down payment FHA financing.

Bottom 1916338565  line?  We have a robust real estate market.  If the current demand for houses keeps up and there's no significant change in mortgage rates or the economy, we could be close to a firm real estate market bottom.

David Jurewicz, Broker 00661096
Home Rocket Real Estate(r)
(916) 682-6454  Toll FREE: (800) 601-7653
http://www.HomeRocketRealty.com

Coleen and David Jurewicz a real estate broker team 00661096 and 00826558 have over 50 combined years in the real estate business. Like an experienced airline pilot they have strategies to land your real estate transaction if there's turbulence.

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