Monthly Archives: January 2012

A Little More on Wealth Accumulation and Homeownership

Last week’s posting (Creating Wealth Through Homeownership – The Proof) concentrated on how homeowners, on average, accumulate more wealth than renters.  The gist of the posting was that, in an environment where most do not save, homeownership creates a “forced … Continue reading

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Top 5 tax breaks for homeowners

Q: We bought a house this year! We put $33,000 down and the bank financed $28,000. Can I write this off on my 2011 taxes? How much of it? A: First things first: Congratulations! You’ve become a homeowner, and seem … Continue reading

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Good Info for Real Estate Investors…. Avoid capital gains tax on sale of exchanged property

Playing by the 5-year rule By Tom Kelly, Wednesday, January 11, 2012. Inman News® The lackluster housing market has many investors looking for bargain properties, sometimes in bunches. Buyers are getting more creative about funding their purchases, rethinking the role … Continue reading

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People Are Buying Homes AND GETTING MORTGAGES!

Many believe that very few houses are selling and that almost no one can get a mortgage. We want to let everyone know that neither of these assumptions is true. Recently, the National Association of Realtors (NAR) released their Existing … Continue reading

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Negative Equity Across the US. How does South Carolina Stack Up?

The above map shows the percentage of homes with a mortgage in each state that are in a ‘negative equity’ situation meaning that the value of the home is less than the mortgage amount. Approximately 30% of the homes in … Continue reading

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South Carolina ranks third as top destination to relocate

Published Jan. 3, 2012 In 2011, South Carolina ranked third as the leading destination state for family relocations, according to the 44th annual Magnet States Report released by Allied Van Lines. The Palmetto State had a net relocation gain — … Continue reading

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Happy New Year Greenville!

Although 2011 was a record breaking year for The Bachtel Team, we are excited about what 2012 holds. We look forward to helping our clients make wise decisions with the sale and/or purchase of real estate in the Upstate area … Continue reading

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