SOLD...in Less Than 24 Hours!

And this beautiful "Just Listed" home has "Just SOLD"...and in less than 24 hours!  This is how the JBRET rolls :-)  Now, we can all enjoy this beautiful Easter weekend...and we wish you the same.  Happy Easter!

Just Listed!

One of a kind, move-in ready home on extra large lot in NW Visalia! To top it off, this property is located at the end of a cul-de-sac in an established neighborhood, conveniently located near schools and shopping. The chef's kitchen features a large bar/prep area, stainless steel appliances, and opens up to a large great room with fireplace. This home is an entertainers dream! Luxurious master suite features grand double door entrance and spa-like master bath complete with jacuzzi tub and huge walk-in closet. Massive, expansive lot complete with RV parking, RV cover, 2 workshops, a green house, and additional covered storage space. Backyard features grassy area, pathways, fruit trees, and many colorful plantings. Soaring ceilings, ceiling fans and custom upgrades throughout. Wired for surround sound. Traditional sale!

2216 N. Mendonca Court, NW Visalia
3 BD / 2 BA + Office
Listed for $309,900

Take an inside look at 2216NMendoncaCt.com.

VOTE NOW: REALTOR Magazine's "30 Under 30"

Friends, I need your help:

I have been selected as a 50 finalist for REALTOR Magazine's "30 Under 30". This is very exciting for me as this was one of my career goals! Please click on the link below to cast your vote!

Thank you....I greatly appreciate your support!!!

Click here to vote >>> Jillian E. Bos

Realtor Talking Points: The 9 Best Homeowner Tax Deductions

Realtor Talking Points: The 9 Best Homeowner Tax Deductions

Real estate tax deductions for homeowners have experienced significant scrutiny, proposals, extensions, modifications and extensions throughout a tumultuous real estate cycle over the past decade.  As federal income tax season approaches, it is useful to take a closer look at the current state of the nine real estate tax deductions most frequently used by homeowners.

 

1. The Mortgage Interest Deduction

The mortgage interest deduction is widely popular since homeowners’ monthly mortgage payments are almost entirely composed of interest for the first few years of a loan.  Homeowners can deduct the interest paid on a mortgage with a balance of up to $1 million.

 

2. Energy Efficiency Upgrades Deduction

 

10% of the total cost of materials to make energy efficient upgrades to a home can also be deducted up to a maximum amount of $1,500.  Actually this is a tax credit that directly reduces of how much tax is owed, rather than just a reduction in taxable income. 



3. The Private Mortgage Insurance (PMI) Deduction

 

Homeowners who pay less than 20% as a downpayment to purchase a home are required to pay Private Mortgage Insurance.  PMI, also referred to as MIP, can represent a significant amount of a borrower's monthly payment.

 



Borrowers with an adjusted gross income under $109,000 that are paying PMI on loans originated after January 1, 2007 can deduct the PMI at 10% per $1,000 of loan principal borrowed.

 

4. Home Improvement Loan Interest Deduction

 

The interest on home equity loans of up to $100,000 used to make “capital improvements” to a home are also tax deductable.  Capital improvements include upgrading features, installing new components or making additons that increase the home's useable square footage.  Upkeep and maintenance repairs like painting and installing new carpet are not deductible.

 

5. Mortgage Points/Origination Deduction

 

Homeowners who have paid origination fees or "points" when they purchased or refinanced their home can deduct the amount paid.  These fees are customarily charged by a lender on a percentage basis, so a one percent fee on a $200,000 loan would amount to one point or $2,000.

 

6. Property Tax Deduction

 

Although it may sound strange, property taxes are a tax deductible tax. Property taxes paid to local governments can be deducted on federal income tax returns. 

 

7. Loan Forgiveness Deduction

 

The Mortgage Debt Forgiveness Relief Act of 2007 has been extended through December 31, 2013 for underwater homeowners that sell their homes for a price "short" of what is owed against the property.  The Debt Foregiveness Act prevents the homeowner from having to pay tax on the amount forgiven by the lender.
 

Mortgage Debt Forgiveness Relief Act Extended

with Ryan Overmyer 

 

For example, a family sells their home for $150,000 even though the principal balance of their mortgage is $250,000.  The $100,000 difference forgiven by the bank would have been considered taxable income prior to the Mortgage Debt Forgiveness Relief Act. 

 

8. Profit on Sale of Real Estate Deduction

 

On the sale of a primary residence, individuals can claim up to $250,000 of profit from the sale  without paying tax.  Married couples can claim up to $500,000 tax-free.

 

9. Real Estate Selling Cost Deduction

 

Many of the costs associated with selling a home can also be claimed as tax deductions.  These costs are effectively added to the price initially paid for the home by effectively raising the tax "basis" to an amount that reduces the taxable profit when compared to the new selling price. Some deductable selling costs include: fees and commissions paid at closing, marketing costs to advertise the home for sale, and the cost of most repairs or upgrades needed to sell the property. 

The Real Estate Word: Realtor Talking Points: The 9 Best Homeowner Tax D...: 

Sale Pending!

This adorable SW Visalia charmer is Sale Pending!  We had many offers on this one....if only there was 10 more like it!

The State of California Real Estate in 2013

The Real Estate Word: The State of California Real Estate in 2013:

Just Listed in The Lakes!

Exquisite home on the Main Lake in The Lakes! This beautiful, well maintained 4 bedroom, 3 bathroom, plus office NW Visalia home is situated on an extra large lot with infinite views of the lake. Chef's kitchen has large butcher block center island and charming breakfast nook with lots of windows and doors leading to the backyard. Gather in the great room complete with fireplace and built in entertainment center. Luxurious master suite features his and hers sinks, large walk in closet, jacuzzi tub and balcony to enjoy the view. Formal dining room and executive office. This spectacular property has large sprawling backyard, a dock for a boat, and colorful landscape...perfect for entertaining! The Lakes HOA provided 2 clubhouses, 24 hour guarded gate, 2 swimming pools, tennis court, and use of the lake. Call to arrange your private showing today!

4 bedrooms / 3 bathrooms / 3+ car garage

Listed for $549,000

Take an inside look at 5536WestSweetDrive.com.

Just Listed!

2525 S. Redwood Street in Southwest Visalia

Fabulous location and situated on an extra large lot, this well maintained, extremely charming home is a wonderful opportunity. Nestled in a well-established, peaceful neighborhood. Conveniently located near schools and shopping. This move-in ready home in Southwest Visalia boasts a large family room with brick fireplace, cozy breakfast nook, and formal living room. Generously sized bedrooms, with lots of closet space. Master bedroom has two closets and master bath features his and hers vanities. Large storage closets in hallway. Backyard features covered patio with concrete slab, lots of space for gardening. Beautiful backyard with very mature trees. Pride of ownership...this home is move in ready. New comp shingle roof. Call to arrange your private showing today!

3 bedrooms / 2 bathrooms

Take an inside look at 2525SRedwoodSt.com.

Listed for $169,000

Reminder: Spring Forward!

A reminder to set your clocks forward one hour, this Sunday, March 10!  Spring is just around the corner!

Cocktail Friday: Anniversary Champagne Cocktail

In honor of my 3 year anniversary, we bring you...

Anniversary Champagne Cocktail

St. Germaine Liquor

Brut Champagne

Fresh Raspberries

In a champagne flute, pour 2 tablespoons St. Germaine Liquor, some muddled raspberry, and top with Champagne, garnished with raspberry. Brut seems to work best to offset the sweetness of the St. Germaine. Enjoy...and cheers!

An Inside Look - Exquisite Chardonnay Home

Take an inside look of this immaculate property in Northwest Visalia featuring a beautiful, custom floor plan complete with sprawling backyard, pool and outdoor kitchen.

This home defines Pride of Ownership. Inviting entry with marble floor. The chef's kitchen features top-of-the-line appliances, and large center island. Charming, light and bright breakfast nook. Gather in the magnificent great room complete with fireplace, built in entertainment center, and large windows with views of the beautiful backyard landscape. Luxurious master suite features large bedroom with sitting area. Master bath boasts his and hers vanities, large walk in closet, and jacuzzi tub. Laundry room has lots of counter space, storage, and utility sink. Storage everywhere! Plantation shutters, vaulted ceilings, and beautiful crown moulding throughout. Second floor loft/media/game room has tons of room for more storage! This spectacular property has pristine landscaping, and is perfect for entertaining.

See more of this lovely home at http://4918lakewooddr.com/

Just Listed in The Lakes!

Extraordinary masterpiece in The Lakes. This Hamptons-esque property located on an extra large lot on the peninsula features every amenity imaginable, and extreme quality throughout. Chef's kitchen with professional appliances, expansive great room, rich study with intricate cherry millwork, and large bedrooms. Luxurious master suite features stand alone tub, fireplace and sitting area. An entertainer's dream, this home boasts a wine room, game room, sprawling backyard complete with sparkling pool. Grand views of the main lake from nearly every room in the house. The detail and craftsmanship displayed in this home is truly phenomenal.

4 bedrooms / 6 bathrooms + full basement

Take an inside look at 5916ElowinDr.com.

JUST LISTED in Chardonnay!

Exquisite home in gated Chardonnay! This immaculate property in Northwest Visalia features a beautiful, custom floor plan complete with sprawling backyard, pool and outdoor kitchen. This home defines Pride of Ownership. Inviting entry with marble floor. The chef's kitchen features top-of-the-line appliances, and large center island. Charming, light and bright breakfast nook. Gather in the magnificent great room complete with fireplace, built in entertainment center, and large windows with views of the beautiful backyard landscape. Luxurious master suite features large bedroom with sitting area. Master bath boasts his and hers vanities, large walk in closet, and jacuzzi tub. Laundry room has lots of counter space, storage, and utility sink. Storage everywhere! Plantation shutters, vaulted ceilings, and beautiful crown moulding throughout. Second floor loft/media/game room has tons of room for more storage! This spectacular property has pristine landscaping, and is perfect for entertaining.

More to see at 4918LakewoodDr.com...check it out!

4 bedrooms / 3 bathrooms / + loft
Offered for $620,000
Call to arrange your private showing today!