October 2012

Found 2 blog entries for October 2012.

The Economic Growth and Tax Relief Reconciliation Act of 2001 is set to expire at the end of this year. This was known as "The Bush Tax Cuts" that lowered the Federal capital gains tax to 15% on long term investments. 

According to IPX1031, a national investment properties exchange services company which services Santa Barbara, the capital gains tax on investments will rise from 15% to 20%. Therefore, if you were to sell or "cash out" a property with a $1 million gain, you would be expected to pay an additional $50,000 in capital gains tax.

Additionally, in the beginning of next year, the 2010 Health Care Bill will also impose a 3.8% tax on passive investment income. This includes capital gains, rental income, interest and dividend income for

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With housing inventory hitting new all time lows in South Santa Barbara County you may be wondering just how many homes you have to choose from.  Following are some popular categories that many buyers are searching and the number of properties currently available.

Houses under $5M on the Beach - 2

Houses under $2M on the Riviera - 4

Houses under $2M in the Upper East - 2

Houses under $2M in Hope Ranch - 4

Houses under $1M in San Roque - 5

Houses under $1M on the Mesa - 4

Houses under $1M with ocean views - 9

Houses under $1M near the beach - 2

Houses under $500k - 6

Condos under $1M with ocean views - 9

Condos under $1M near the beach - 8

Condos under $400K - 5

Inventory in many different categories is now at one month or less. 

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