Tuesday, August 23, 2011

Federal Tax Rules Regarding the Sale of Your Home

Curious about the federal tax rules regarding the sale of your home, how the gain on that sale is taxed, and how to determine if the gain from your sale qualifies to be excluded from your taxable income?

Last year’s IRS bulletin “Selling Your Home” for use in preparing your 2010 tax return includes a worksheet for calculating your home’s cost basis, used in determining the size of your gain on the sale of your home. It also describes the criteria used to qualify your home sale for exclusion from your taxable income.

Please follow this link to the IRS publication 523 “Selling Your Home” posted on the IRS site

http://www.irs.gov/pub/irs-pdf/p523.pdf

Monday, August 01, 2011

How to Make your Home Look More Expensive

It’s pretty rare to come across a homeowner who doesn’t want his or her home to come across as expensive or even possibly luxurious to some extent. Your home is most likely your largest investment, your pride and joy, and so why wouldn’t you want it to look its finest. It can be seen as a reflection of who you are, and especially when used to entertain guests it can be utilized to potentially “show off” just how hard you’ve been working. The tricky part in this whole expensive appearance scheme is the financial aspect. The cost of your home itself may have burned through your home budget alone, and so the money left over for its interior decorations may be limited. For those of us who aren’t fortunate enough to spend infinite amounts of money on interior designers and on the most lavish foreign furniture and paintings, we have to make some clever choices. Just like with clothing, an impeccably dressed person does not necessarily have to buy their garments from the top fashion designers to look good. And the same can be said for homes! The price tags of a couch or dining room table are not the only indicators of class and luxury. How you arrange your home, and how you choose specific things to compliment its layout can make a world of difference with just how pricey your abode appears. And even if your bank account does allow you to afford the more luxurious décor items, you too can make use of these tips to making your home appear more expensive:

  • MAINTENANCE. It seems so logical, but often homes can go without a good cleaning for a lengthy period of time. Keeping your home clean and tidy is most definitely the simplest way to looking more expensive. Clutter and mess absolutely degrades its worth. WALLS. The quality of your walls says a lot about the quality of your entire home. A fresh coat of paint is always refreshing to see, and be sure to cover chipped areas and to remove marks.
  • FRAMES. Posters and pictures taped up on walls just looks sloppy. Buying frames for your posters and pictures that are worth displaying looks absolutely polished and presentable. Nice looking frames need not be expensive either. This also goes for people who have not displayed anything on their walls. Hanging framed posters and pictures and pieces of art always looks very appealing.
  • TEXTURE & PATTERNS. From your pillows to your rug, opt for regal looking patterns, most likely in deep tones. Window drapes in one room, like your family or living room, just screams luxury, and if it’s not too daring for you, a faux fur rug can do wonders. Neither has to be pricey, but just be careful not to go crazy on the patterns. Stick to a few specific things to decide to pattern up.
  • LITTLE THINGS. Focusing on small, cheaper house items can really spruce up your home. Opt for more expensive looking garbage bins, coasters and the like. For instance, choose a more visually pleasing material like glass or wood over plastic.
  • WHITE. When in doubt, choose white. If you’re having a hard time choosing the color scheme for a room or aren’t savvy with prints/patterns, white is the way to go. It completely opens up and refreshes any room.
  • ONE PIECE. If your budget allows, splurge on one expensive item in your most popular room. If possible, splurge on at least one item for each of your rooms used for entertaining.

Friday, July 01, 2011

The REAL 4th of July

Remember, this is what the 4th is about...

(Adopted by Congress on July 4, 1776)

The Unanimous Declaration
of the Thirteen United States of America
When, in the course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the laws of nature and of nature’s God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. Prudence, indeed, will dictate that governments long established should not be changed for light and transient causes; and accordingly all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, it is their duty, to throw off such government, and to provide new guards for their future security. –Such has been the patient sufferance of these colonies; and such is now the necessity which constrains them to alter their former systems of government. The history of the present King of Great Britain is a history of repeated injuries and usurpations, all having in direct object the establishment of an absolute tyranny over these states. To prove this, let facts be submitted to a candid world.

He has refused his assent to laws, the most wholesome and necessary for the public good.

He has forbidden his governors to pass laws of immediate and pressing importance, unless suspended in their operation till his assent should be obtained; and when so suspended, he has utterly neglected to attend to them.

He has refused to pass other laws for the accommodation of large districts of people, unless those people would relinquish the right of representation in the legislature, a right inestimable to them and formidable to tyrants only.

He has called together legislative bodies at places unusual, uncomfortable, and distant from the depository of their public records, for the sole purpose of fatiguing them into compliance with his measures.

He has dissolved representative houses repeatedly, for opposing with manly firmness his invasions on the rights of the people.

He has refused for a long time, after such dissolutions, to cause others to be elected; whereby the legislative powers, incapable of annihilation, have returned to the people at large for their exercise; the state remaining in the meantime exposed to all the dangers of invasion from without, and convulsions within.

He has endeavored to prevent the population of these states; for that purpose obstructing the laws for naturalization of foreigners; refusing to pass others to encourage their migration hither, and raising the conditions of new appropriations of lands.

He has obstructed the administration of justice, by refusing his assent to laws for establishing judiciary powers.

He has made judges dependent on his will alone, for the tenure of their offices, and the amount and payment of their salaries.

He has erected a multitude of new offices, and sent hither swarms of officers to harass our people, and eat out their substance.

He has kept among us, in times of peace, standing armies without the consent of our legislature.

He has affected to render the military independent of and superior to civil power.

He has combined with others to subject us to a jurisdiction foreign to our constitution, and unacknowledged by our laws; giving his assent to their acts of pretended legislation:

For quartering large bodies of armed troops among us:

For protecting them, by mock trial, from punishment for any murders which they should commit on the inhabitants of these states:

For cutting off our trade with all parts of the world:

For imposing taxes on us without our consent:

For depriving us in many cases, of the benefits of trial by jury:

For transporting us beyond seas to be tried for pretended offenses:

For abolishing the free system of English laws in a neighboring province, establishing therein an arbitrary government, and enlarging its boundaries so as to render it at once an example and fit instrument for introducing the same absolute rule in these colonies:

For taking away our charters, abolishing our most valuable laws, and altering fundamentally the forms of our governments:

For suspending our own legislatures, and declaring themselves invested with power to legislate for us in all cases whatsoever.

He has abdicated government here, by declaring us out of his protection and waging war against us.

He has plundered our seas, ravaged our coasts, burned our towns, and destroyed the lives of our people.

He is at this time transporting large armies of foreign mercenaries to complete the works of death, desolation and tyranny, already begun with circumstances of cruelty and perfidy scarcely paralleled in the most barbarous ages, and totally unworthy the head of a civilized nation.

He has constrained our fellow citizens taken captive on the high seas to bear arms against their country, to become the executioners of their friends and brethren, or to fall themselves by their hands.

He has excited domestic insurrections amongst us, and has endeavored to bring on the inhabitants of our frontiers, the merciless Indian savages, whose known rule of warfare, is undistinguished destruction of all ages, sexes and conditions.

In every stage of these oppressions we have petitioned for redress in the most humble terms: our repeated petitions have been answered only by repeated injury. A prince, whose character is thus marked by every act which may define a tyrant, is unfit to be the ruler of a free people.

Nor have we been wanting in attention to our British brethren. We have warned them from time to time of attempts by their legislature to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have appealed to their native justice and magnanimity, and we have conjured them by the ties of our common kindred to disavow these usurpations, which, would inevitably interrupt our connections and correspondence. They too have been deaf to the voice of justice and of consanguinity. We must, therefore, acquiesce in the necessity, which denounces our separation, and hold them, as we hold the rest of mankind, enemies in war, in peace friends.

We, therefore, the representatives of the United States of America, in General Congress, assembled, appealing to the Supreme Judge of the world for the rectitude of our intentions, do, in the name, and by the authority of the good people of these colonies, solemnly publish and declare, that these united colonies are, and of right ought to be free and independent states; that they are absolved from all allegiance to the British Crown, and that all political connection between them and the state of Great Britain, is and ought to be totally dissolved; and that as free and independent states, they have full power to levy war, conclude peace, contract alliances, establish commerce, and to do all other acts and things which independent states may of right do. And for the support of this declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

Thursday, May 05, 2011

Notice of Availability of Senior Citizen Exemption

Attention Property Owners in the Santa Cruz City Schools

Elementary and High School Districts

Notice of Availability of Senior Citizen Exemption

From 2011-12 Parcel Taxes

Seniors can apply for exemption from the parcel taxes currently in effect by filing an application with the District between May 1 and July 1 each year. Seniors can request that an application be mailed to them by calling the District's Business Office at 831-429-3410, ext. 223. Seniors can also download the application and instructions from this website during May and June each year. The parcel tax exemption program is for property owners who are 65 years of age or older on July 1st preceding the tax year. The exemption is for the principal place of residence only and applies to one parcel only. Exemptions which are approved are effective for the life of the parcel tax, unless ownership of the property changes. Applications are due on or before July 1st.

Monday, May 02, 2011

Mother’s Day is Sunday May 8th


Upcoming Local Events

Presented by the Bonny Doon Community School Foundation

  • The Hidden Gardens of Bonny Doon Saturday, May 21 and Sunday, May 22 10:00 a.m. until 4:00 p.m Buy Tickets…
  • Annual Bonny Doon Art & Wine Festival Saturday, June 4-- 11:00 a.m. until 6:00 p.m. Bonny Doon Airport Gardens, Empire Grade RoadBuy Tickets…

Here is a link to our May e-Newsletter

Don't miss this month's cover story: "PRE-LOVED - Why Resale Homes Stand out In Today's Market"

Visit our May E-Newsletter online now by clicking the URL above. Then turn to Pages 2, 3, and 4 for more timely articles of interest to today's sellers, buyers and homeowners.

Tap Our Expertise
Even if you're not ready to buy or sell a home right now, we would be happy to keep you up-to-date on developments in the real estate industry, mortgage financing and our local market. Simply reply to this e-mail or give us a call!

Oh by the way, did you know you can now get an automated investment analysis of your neighborhood - complete with Active, Pending and Sold homes all mapped out - sent directly to your email inbox every month? Now you can always know the value of your home. Try it today. It's informative, it's accurate, and it's free. Oh, and please tell a friend or neighbor too!

Check it out and see what you think at Free Market Snapshot

P.S.: Remember to visit my blogs for Local and National real estate and related information and updates!

We hope you enjoy this monthly electronic newsletter. Please forward the link above to a friend who would also appreciate the information. If you have any comments, please e-mail them to us. Or, if you would like answers to your specific real estate questions, we'd be happy to help!

Frank Murphy
831-457-5550
1414 Soquel Avenue
Santa Cruz, California 95062

DRE License #01014048
Frank@FrankMurphy.net
www.LiveInSantaCruz.com


April Newsletter

Tax Reminder:

Taxpayers have an extra weekend to file this year because of a District of Columbia holiday. The deadline for 2011 is Monday April 18, instead of Friday April 15.

Remember to file your taxes or file an extension.

Click here for more information.

Upcoming Local Events

Presented by the Bonny Doon Community School Foundation

  • The Hidden Gardens of Bonny Doon Saturday, May 21 and Sunday, May 22 10:00 a.m. until 4:00 p.m Buy Tickets…
  • Annual Bonny Doon Art & Wine Festival Saturday, June 4-- 11:00 a.m. until 6:00 p.m. Bonny Doon Airport Gardens, Empire Grade RoadBuy Tickets…

Here is a link to our April e-Newsletter

Don't miss this month's cover story: "PRICE: How To Sell Your Home And Get Top Dollar In Today's Market"

Visit our April E-Newsletter online now by clicking the URL above. Then turn to Pages 2, 3, and 4 for more timely articles of interest to today's sellers, buyers and homeowners.

Tap Our Expertise
Even if you're not ready to buy or sell a home right now, we would be happy to keep you up-to-date on developments in the real estate industry, mortgage financing and our local market. Simply reply to this e-mail or give us a call!

Oh by the way, did you know you can now get an automated investment analysis of your neighborhood - complete with Active, Pending and Sold homes all mapped out - sent directly to your email inbox every month? Now you can always know the value of your home. Try it today. It's informative, it's accurate, and it's free. Oh, and please tell a friend or neighbor too!

Check it out and see what you think at Free Market Snapshot

P.S.: Remember to visit my blogs for Local and National real estate and related information and updates!

We hope you enjoy this monthly electronic newsletter. Please forward the link above to a friend who would also appreciate the information. If you have any comments, please e-mail them to us. Or, if you would like answers to your specific real estate questions, we'd be happy to help!

Frank Murphy
831-457-5550
1414 Soquel Avenue

Santa Cruz, California 95062
DRE License #01014048
Frank@FrankMurphy.net
www.LiveInSantaCruz.com

March Newsletter


Here is a link to our March e-Newsletter

Don't miss this month's cover story: "SMART SELLING: Take Advantage Of This Year’s Spring Selling Season"

Visit our March E-Newsletter online now by clicking the URL above. Then turn to Pages 2, 3, and 4 for more timely articles of interest to today's sellers, buyers and homeowners.

Tap Our Expertise
Even if you're not ready to buy or sell a home right now, we would be happy to keep you up-to-date on developments in the real estate industry, mortgage financing and our local market. Simply reply to this e-mail or give us a call!

Oh by the way, did you know you can now get an automated investment analysis of your neighborhood - complete with Active, Pending and Sold homes all mapped out - sent directly to your email inbox every month? Now you can always know the value of your home. Try it today. It's informative, it's accurate, and it's free. Oh, and please tell a friend or neighbor too!

Check it out and see what you think at Free Market Snapshot

We hope you enjoy this monthly electronic newsletter. Please forward the link above to a friend who would also appreciate the information. If you have any comments, please e-mail them to us. Or, if you would like answers to your specific real estate questions, we'd be happy to help!

Frank Murphy
831-457-5550
1414 Soquel Avenue
Santa Cruz, California 95062
DRE License #01014048
Frank@FrankMurphy.net
www.LiveInSantaCruz.com

Lawn and Garden Tips

Time Saving Tips when Caring for your Lawn and Garden

As the peak of spring approaches, and the sun begins to make its appearance more frequently, this time of year may be the perfect time to start gardening and crafting your property into something picturesque and worth showing off. Your garden and lawn are a large part of your property, and may be just as important as your home itself. So when you finally set outside to conquer those green patches of life around your home, here are some simple tips for beginners - and reminders for those who are experienced - to saving time while also making the most out of your garden this year:

  • WEEDS. When weeding, the easiest way to prevent future growths is to make sure you remove the entire weed. Weeding can be as simple as using your very own hands. If you’ve had previous weed issues, a good measure to take would be applying a herbicide to your lawn in the early spring.
  • DON’T NEGLECT. After all these colder, rainy months, it is easy to forget that our lawns need to be fed and taken care of, just as flowers do. Remember to water your lawn regularly, and also to fertilize it. However, do not go overboard with the fertilizing, as too much can lead to insects and plant disease.
  • GROUP YOUR PLANTS. Grouping your plants by their needs will save you a lot of time in the garden, and will also keep your garden more healthy. Put the plants that need more water together, and those that need less in a separate group. That way, during the numerous times you’ll be out there watering, you won’t have to move around so frequently.
  • MULCH. Don’t forget to add mulch to your garden, as this handy soil cover cuts down on your watering, weeding and fertilization time by keeping the plants cool and retaining moisture. It also adds to the attractiveness of your garden.
  • TOOLS. A big time saver can be using the right tools for the task at hand. Consult your local gardening store for what tools will suit what you wish to do in your garden, and always remember to wash and clean your tools after working to avoid rust, save money, and to get the most use out of them.

Wednesday, March 09, 2011

The Frank Murphy Team Advantage

The Frank Murphy Team Advantage

The Frank Murphy Team is an extraordinary group of successful and highly qualified real estate professionals ready to answer your questions and to help you with your real estate needs. The advantages of working with a Real Estate Team rather than with a solo agent are significant. Would you be comfortable having surgery performed by a doctor who books his own appointments, does his own billing, and greets you at the reception desk? Of course not! Our team members are specialists dedicated to providing quality service, like the staff of any professional group.

Frank Murphy- Broker Associate-Lead Agent

  • Contact Info- 831-457-5550 Frank@FrankMurphy.net
  • Frank has an extensive background in construction and commercial development serving as a construction superintendent for over 15 years. He has been active in the real estate industry for over 16 years. Frank is a member of the Institute for Luxury Home Marketing, a Certified Residential Specialist, an Accredited Buyer’s Agent, an e-Pro designate and Santa Cruz County’s only Allen Hainge CyberStar internet marketing specialist. Additionally, he was the 4th highest producing Realtor in Santa Cruz County in 2009, ranked by closed sales volume.

Kathy Solomito- Realtor-Buyer Specialist

  • Contact Info- 831-457-5553 Kathy@FrankMurphy.net
  • Kathy has extensive knowledge of the Real Estate industry. She has spent time in all areas of the business including the mortgage world. Kathy’s expertise spans both the corporate and small business worlds. Kathy had a long career in high tech, working in information technology for Hewlett-Packard as well as working in consulting and project management for two general contractors. Kathy is looking forward to helping our clients find and secure their perfect property.

Glenda Whitlow- Realtor-Transaction Coordinator

  • Contact Info- 831-457-5570 gwhitlow@msn.com
  • Glenda worked for 18+ years at various title and escrow companies as an escrow officer, 5+ years as a loan processor, and has spent the last 8 years as a transaction coordinator. Glenda knows what it takes successfully close a transaction. As a part of the Frank Murphy Team, she coordinates and manages all paperwork and important dates from contract to close.

Jessica Clements- Marketing & Operations Manager

  • Contact Info-831-457-5551 Jessica@FrankMurphy.net
  • Jessica has over 10 years of experience in systems management and customer service. She has spent the last 3 years honing her systems management, marketing, and customer service skills for the Frank Murphy Team. During a transaction, she is often the first point of contact for our clients as well as our vendors. Jessica goes the extra mile to support our clients through one of the most important decisions of their life.

Joan Pelletier- Client Care Manager

  • Contact Info-831-457-5552 Admin@FrankMurphy.net
  • Joan has spent the last several years working in the real estate and marketing industries as an executive assistant. Prior to that she was the manager of a local construction company. Joan is a licensed Broker and a trained paralegal. Joan is an integral part of the Frank Murphy Team. She offers reliable and friendly support wherever needed.

The value of working with the Frank Murphy Team is that someone is always available to assist you whenever you need!

Tuesday, February 15, 2011

February Newsletter

Here is a link to our February e-Newsletter

Don't miss this month's cover story: "2011 REAL ESTATE: TOP TIPS FOR YOUR 2011 HOME SALE OR PURCHASE"

Visit our February E-Newsletter online now by clicking the URL above. Then turn to Pages 2, 3, and 4 for more timely articles of interest to today's sellers, buyers and homeowners.

This Month's Articles

Tap Our Expertise
Even if you're not ready to buy or sell a home right now, we would be happy to keep you up-to-date on developments in the real estate industry, mortgage financing and our local market. Simply reply to this e-mail or give us a call!

Oh by the way, did you know you can now get an automated investment analysis of your neighborhood - complete with Active, Pending and Sold homes all mapped out - sent directly to your email inbox every month? Now you can always know the value of your home. Try it today. It's informative, it's accurate, and it's free. Oh, and please tell a friend or neighbor too!

Check it out and see what you think at Free Market Snapshot

P.S.: Remember to visit my blogs for Local and National real estate and related information and updates!

We hope you enjoy this monthly electronic newsletter. Please forward the link above to a friend who would also appreciate the information. If you have any comments, please e-mail them to us. Or, if you would like answers to your specific real estate questions, we'd be happy to help!

Frank Murphy

Broker Associate

DRE License #01014048
831-457-5550
1414 Soquel Avenue

Santa Cruz, California 95062
Frank@FrankMurphy.net
www.LiveInSantaCruz.com


Wednesday, December 29, 2010

January E-Newsletter


Here is a link to our January e-Newsletter

Don't miss this month's cover story: "TASTY TAX TREATS: Today's Homeowners Enjoy Delicious Tax Breaks"

Visit our January E-Newsletter online now by clicking the URL above. Then turn to Pages 2, 3, and 4 for more timely articles of interest to today's sellers, buyers and homeowners.

Tap Our Expertise
Even if you're not ready to buy or sell a home right now, we would be happy to keep you up-to-date on developments in the real estate industry, mortgage financing and our local market. Simply reply to this e-mail or give us a call!

Oh by the way, did you know you can now get an automated investment analysis of your neighborhood - complete with Active, Pending and Sold homes all mapped out - sent directly to your email inbox every month? Now you can always know the value of your home. Try it today. It's informative, it's accurate, and it's free. Oh, and please tell a friend or neighbor too!

Check it out and see what you think at Free Market Snapshot

We hope you enjoy this monthly electronic newsletter. Please forward the link above to a friend who would also appreciate the information. If you have any comments, please e-mail them to us. Or, if you would like answers to your specific real estate questions, we'd be happy to help!


Frank Murphy
831-457-5550
1414 Soquel Avenue

Santa Cruz, California 95062

DRE License #01014048

Frank@FrankMurphy.net
www.LiveInSantaCruz.com

Monday, December 06, 2010

Frank Murphy Annual Client Appreciation Pie Giveaway!



The holidays are a perfect time of year to give thanks for all that we have. Every year at Thanksgiving, Frank gives particular thanks to all of his wonderful clients and friends who have blessed him with business and honored him with referrals to their friends and family. He chooses to thank his clients in a special way by giving them a free pie baked by Brendan's Bakery in Santa Cruz.

This year, the Frank Murphy Team Client Appreciation Pie Giveaway was a huge success! Clients were given the choice of either an apple, or a pumpkin pie to be picked up at either the Keller Williams Realty Office or The Bonny Doon Church. A record 53 pies were given away this year!

Thank you to all of those who helped make the annual Frank Murphy Team Client Appreciation Pie Giveaway such a huge success!