CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the first quarter of 2016 and are no longer under water.

Price Appreciation = Good News for Homeowners

Frank Nothaft, CoreLogic’s Chief Economist, explains:

Continue reading at this link: EQUITY REPORT

In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.

Here are the top five reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

• The buyer who wants the best deal possible
• The buyer’s agent who solely represents the best interest of the buyer
• The buyer’s attorney (in some parts of the country)
• The home inspection companies, which work for the buyer and will almost always find some problems with the house
• The appraiser if there is a question of value

Read the rest of this blog at this link:  5 Reasons Not to FSBO

It’s everyone’s favorite day of the year...TAX DAY!!!

Ehh, not so much….

For all of you stressing over this  day, Marketwatch has some great advice. File an extension!! In an article posted by the news source, there are 7 excellent reasons why many people should consider an extension. And contrary to popular belief, filling an extension doesn't automatically raise red flags at the IRS. So if you need the time, or have any one of the following situations present, do yourself a favor and file an extension and give yourself until October 15, 2016 to file.

7 Excellent Reasons to File a Tax Extension:

1.)   You have a balance due and need more time to save up money to cover it. Give yourself that extra 6 months.

2.)   Made charitable donations over $250 to one or more charities and don’t have the proper receipts (which must include the name of the charity, address, taxpayer ID number, and a statement that you did not receive any benefits or items of value for your donation) to submit with your taxes? The IRS is very strict on submitting the required documentation so an extension would give you an extra 6 months to get everything in order.

3.)   Have you recently moved homes? Or are you planning to move within the next few months? If yes, it benefits you to submit an extension because the IRS may need to follow up with you on your taxes and they send all correspondence to the address you have on file.

4.)   If you are waiting for K-1 forms from partnership entities, S-Corps, estates, or trusts you should file an extension.

5.)   Sometimes rushing through your personal or business bookkeeping can cause sloppy or incorrect taxes. Don’t rush and do it right. File an extension to give you that extra time.

6.)   Have a large balance this year? Making contributions to your 2015 retirement plan can help reduce that balance. File an extension if you would like to benefit from this. You have until October 15th to open or add to your retirement fund.

7.)   And finally…. You still have questions regarding your taxes that you have not had answered. Give yourself some time to get everything settled.

Best of luck this tax season!

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Being able to purchase our own home has been a dream of almost every American from the time they could conceptualize what it really meant. While some people will tell you that the "dream" of owning a home doesn't exist in the same fashion it once did, recent studies by the " Homebuyer Insights Report" may prove otherwise. To learn more about the report click here!

Please join us in CONGRATULATING JON LYNCH on his newest achievement....the Coldwell Banker PRESIDENTIAL ELITE AWARD. On Saturday, March 26, 2016, Jon was presented with this  award, given only to the Top 1% of all Coldwell Banker Sales Associates based on sales production. Presidents Elite winners are the "Best of the Best" real estate professionals out of 3400 Coldwell Banker offices; both nationally and internationally, and over 85,000 sales associates!

Jon joins his mother Dyanne in this distinctive class of top ranked sales associates who have reached President's Elite status.  If you deserve the best and are looking to Buy, Sell or Invest in Real Estate in Wellesley or the Metrowest suburbs of Boston, MA; then, you need to partner with the proven, successful Real Estate Team of Team Lynch Real Estate. Recognized in the top 1% of all Coldwell Banker Professionals.