Carollo's Blog on Real Estate- Featuring Queens and Nassau County Real Estate Information

Just Sold in Whitestone Queens, 11357

Just Sold in Clearview Gardens, 11357

Asking: $339,000
Selling Price: $352,000
on the Market: 8 Weeks
Absolutely Magnificent Upper TRUE 3 BR Unit in Clearview Gardens features 1 Bath, LR, DR, Granite Kitchen with dishwasher, W/D, and a full attic! Maintenance is $786 which includes all utilities! Only True 3 BR on the Market!

Visit CarolloRealEstate.com for full property information

Tax Tricks of the Real Estate Rich

According to Matt Woosley's real estate feature Tax Tricks of the Real Estate Rich on Forbes.com, there are ways to lower taxes through real estate, however it is important to understand how.  Similarily, the payoff benefits are huge; afterall there's a reason the rich are wealthy.   A few examples mentioned include, negotiating with a bank to absorb real estate transaction fees in exchange for paying extra in points, which are deductible; or challenging home valuations which serve to determine property taxes. 

Read the entire feature Tax Tricks of the Real Estate Rich on Forbes.com in order to acquire the knowledge to use real estate to lower taxes; if the rich can do it, why can't you!

In Pictures: Tax Tricks of the Real Estate Rich

In Video: Real Estate Tax Tips

Just Sold in Whitestone 11357

JUST SOLD IN WHITESTONE, QUEENS 11357

146-29 13th Avenue
Whitestone, NY 11357

Asking: $599,000
Selling: $580,000
Charming Detached Colonial in Whitestone features 3 BR, 1.5 Bth, LR, FDR, EIK, Fireplace, partially finished basement with W/D hookups, and a Spacious Attic perfect for Two More Rooms! Home also features a detached garage and private driveway all on 33x100 lot!

Visit CarolloRealEstate.com for full property information

Vacation Home Values: 12 Tempting Locales

RealEstateJournal searched the U.S. for vacation spots that offer relatively affordable properties plus economic outlooks likely to support local home prices. Reporting by Lauren Baier Kim and Dana Mattioli.

Vacation Home Values: 12 Tempting Locales on RealEstateJournal.com

What You Can Get For $1,000,000

In Pictures: What You Can Get For $1,000,000

Courtesy of NYTimes.com

Tax Havens Of The World

According to Tax Havens of The World on Forbes.com, "Death may be certain, but taxes don't have to be."  Apparently, there are many nations around the world that make tax haven status an integral part of their market.  For example, the Bahamas offers no taxes on personal income, capital gains, inheritance or gifts.  Tax havens have a history; they are the result of a late 19th century British system that granted independent economic governance to protectorates, which included: Gibraltar, Hong Kong, the Channel Island among others.  Furthermore, other small islands like Monaco and Bermuda figured that the tax-free incentives of having individuals flock to islands like these for real estate transactions were well worth it.  However, as with all good deals that seem too good to be true, there is a catch.  Most countries assess taxes based on residency and not citizenship.  And, when settling down abroad it seems residents are eased into moderate tax rates.  But still, Americans are unable to escape the IRS, and for the first time, the IRS was able to dip into foreign retirement accounts. 

Read the entire article Tax Havens Of The World on Forbes.com

In Pictures: Tax Haves of The World

Pop Psychology

According to Pop Psychology on NYTimes.com, "It has become common to refer to sharp escalations in asset prices as “bubbles,” and we know what bubbles do — they pop;" however everyone still seems to wonder when the bubble will actually pop.  Prices have been going through the roof, not even just in housing markets.  According to the article, an office building in Pennsylvania is commanding the same sort of prices one would expect to see in Midtown Manhattan.  Housing prices have eased slightly, by a point or two in most markets, however, some have speculated that we are experiencing a recession, in which banks will assume many foreclosed mortages.  But, despite all the frenzy over the housing bubble, some would argue that real estate is still the best investment that could be made.  But, is it? It seems that the housing markets soar in prices is a result of the lowering of short-term interest rates, in order to ease recession.  However, prices surged. 

Continue reading Pop Psychology on NYTimes.com to find out what you should do concerning your interest in the housing market.

Down the Middle

According to the NYTimes.com Real Estae feature Down the Middle national housing statistics suggest that following the boom of the housing market is an expected burst.  However, the statistics are marginalized, with prices causing bidding wars in some areas and prices dropping in others.  National data doesn't provide a detailed breakdown, nor is representative of the highs and lows of the real estate market.  New York is a classice example of the marginalized representation of the real estate market, as a result of a concentration of extremely high priced homes.  Market weakness is concentrated in certain areas; entire housing markets are not caving in at once.  It seems that the lower markets; markets that otherwise would have vanished, have been kept in tact as a result of the avaliability of credit. 

To understand the reasons of the housing bubble and supposed bust read the article Down the Middle on NYTimes.com

Just Sold in Beechhurst Queens 11357

6-09 159th Street
Beechhurst, NY 11357
Asking: $509,000                                              
Selling Price: $500,000
On the Market 8 weeks

Click here for full property information including more Queens Recent Sales

Recent Sale in Clearview Gardens

Just Sold in Whitestone Queens 11357

16-31 Utopia Parkway
Whitestone, NY 11357

Asking: $179,000
Selling: $160,000
Time on Market:  12 weeks
Maint: $588

Clearview Gardens Upper Unit features 1 BR, 1 Full Bath, Lr, DR, Kitchen, Carpeting Throughout and Full Stand Up Attic. Maintenance is only $588 which includes Real Estate Taxes, and garbage and snow removal.  Visit CarolloRealEstate.com for full property details