• Wappingers Office
    (845) 297 4700
    (845) 297 8178
  • Lagrange Office
    (845) 485 2700
    (845) 485 2703
  • New Paltz Office
    (845) 255 6163
    (845) 255 6757
  • Commercial Real Estate Division
    (845) 297 4700
    (845) 567 8333

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Bidding Wars Hit 8-Year Low, But Buyers Still Face Competition

NAR Daily News Magazine - December 13, 2018 - 1:00am

Home buyers are less likely to face bid wars than in previous months, but that doesn't exclude them from other shoppers’ clashing offers.

Categories: Real Estate

Could Ending Single-Family Zoning Stop Segregation?

NAR Daily News Magazine - December 13, 2018 - 1:00am

Minneapolis has voted to end single-family zoning, attempting to address its housing crisis and fix its historically discriminatory housing practices.

Categories: Real Estate

Tech’s Bigger Role in House Hunting: What Agents Rely On

NAR Daily News Magazine - December 13, 2018 - 1:00am

Consumers increasingly rely on the web in their home search, and real estate pros are finding it’s vital to meet them in that digital space.

Categories: Real Estate

This Grinch Is Trying to Sell a Home

NAR Daily News Magazine - December 13, 2018 - 1:00am

You have to see it to believe it. That’s what the listing agent hopes prospective buyers will say.

Categories: Real Estate

Freddie Mac Slashes Utility Bills for Low- and Middle-Income Renters

NAR Daily News Magazine - December 12, 2018 - 1:00am

Higher utility costs are hitting tenants’ pocketbooks, but a new program aims to lower utility bills for hundreds of thousands tenants.

Categories: Real Estate

FTC Warns of Tropical Real Estate Scam Targeting Retirees

NAR Daily News Magazine - December 12, 2018 - 1:00am

The Federal Trade Commission warns that a tropical resort has bilked Americans out of $100 million in investments.

Categories: Real Estate

Why You Shouldn’t Put a Home Search on Hold in December

NAR Daily News Magazine - December 12, 2018 - 1:00am

December is typically the slowest month in the housing market, which is exactly why your buyers should be busiest.

Categories: Real Estate

How Commercial Pros Can Build an International Presence

NAR Daily News Magazine - December 11, 2018 - 1:00am

Industry leaders offer everyday business advice for drumming up more opportunities for global investors.

Categories: Real Estate

How Long Does It Take to Pay Off a Net-Zero Home?

NAR Daily News Magazine - December 11, 2018 - 1:00am

Eventually, the savings add up and the home can pay for itself, no matter where you live, a new study shows.

Categories: Real Estate

Fannie, Freddie’s Holiday Gift: No Foreclosures

NAR Daily News Magazine - December 11, 2018 - 1:00am

The mortgage financing giants announced a nationwide suspension of eviction lockouts on foreclosed homes for the season.

Categories: Real Estate

More Phishing Scams Reported: Here’s What You Can Do

NAR Daily News Magazine - December 11, 2018 - 1:00am

The latest email ploy pretends to be a solicitation from the REALTOR® Party. Here are some additional security tips to make sure you don’t fall victim to such attempts.

Categories: Real Estate

California Passes Solar Panel Requirement on New Homes

NAR Daily News Magazine - December 10, 2018 - 1:00am

The mandate, which will take effect in 2020, won’t be cheap to homeowners. Will other states follow suit?

Categories: Real Estate

10 Counties With the Most Second, Vacation Homes

NAR Daily News Magazine - December 10, 2018 - 1:00am

There are about 7.4 million vacation and second homes in the U.S., or about 5.6 percent of the total housing stock.

Categories: Real Estate

Builder Rep’s Murder Thrusts Safety Back Into Spotlight

NAR Daily News Magazine - December 10, 2018 - 1:00am

After a death in Anne Arundel County, Md., last week, the local association considers new safety measures for members.

Categories: Real Estate

The 2019 Color of the Year Is...

NAR Daily News Magazine - December 10, 2018 - 1:00am

This hue is poised to make a splash as a bold accent color in home design next year.

Categories: Real Estate

Luxury Care Communities for Seniors Surge in Demand

NAR Daily News Magazine - December 10, 2018 - 1:00am

Upscale communities offering personal care for residents—from independent living to nursing assistance—are sprouting up. But entrance fees can reach about $1 million.

Categories: Real Estate

Why 90% of Millennial Renters Want to Own But Can’t

NAR Daily News Magazine - December 10, 2018 - 1:00am

The reasons the majority of young adults won’t make a move to homeownership in the near term.

Categories: Real Estate

The Journey: Changes in Tax Law Lead to Shifts in Giving

RisMedia Consumer News - December 9, 2018 - 1:05pm

(TNS)—Older retirees may save Christmas for charities.

Donors gave a record $410 billion to nonprofit causes last year, according to Giving USA Foundation, in part because taxpayers were bunching contributions ahead of this year’s higher standard income tax deduction, experts say. That led to worries that 2018 might be a down year for philanthropy. The higher standard deduction means fewer people will likely itemize and claim charitable deductions.

Enter older retirees, who typically have more conservative portfolios, so thus may not be feeling the recent stock market plunges as keenly as younger people. They also may be feeling generous after a recent tax law overhaul left in place the ability to donate their required minimum distributions from IRA funds directly to charity tax-free.

Darin Shebesta, a financial advisor in Scottsdale, Ariz., recently advised a client in her mid-70s that she could save about $5,000 in taxes by donating her required distributions directly to a half-dozen charities. Of course, the tax savings only makes sense if retirees don’t need the funds for expenses.

One of the recipients was a nonprofit dance school she attended 60 years ago, but still remembered fondly.

“We got her connected back to the school, and she donated the funds in honor of her husband,” who died about two years ago, Shebasta says. “She had been underspending her withdrawal strategy and she had no kids,” so the money had been earmarked for friends after her death. The idea of seeing the money put to work now at an organization that mattered to her gave her a chance to, in effect, enjoy the money during her lifetime, he says.

Financial advisors say charitable giving strategies can be a way for them to better connect to clients, which has obvious marketing appeal—but it can also help retirees clarify their overall financial goals, prioritize spending and generally feel good about putting their life savings to work after focusing for decades on saving.

After working for 14 years in nonprofit fundraising, Juan Ros became a financial advisor about six years ago.

“I make it a point with every prospective client to talk about their charitable objectives,” he says. Not everyone has them, which came as a bit of a surprise to Ros after spending so many years around donors. The conversations produce a broad sense of a client’s interests in the world at large, he says, a point of learning that can help him frame retirement timing and spending plans, in addition to understanding charitable goals.

Other advisors, meanwhile, say clients are flocking to donor-advised funds this year as a result of the new tax law. The vehicles allow donors to take the standard deduction one year and then itemize the next year, spreading out the actual gifting of money to the charities at the donor’s leisure.

Advisor Mark Wilson encourages clients to donate appreciated securities equaling two years’ worth of donations to donor-advised funds. This allows them to avoid the capital gains taxes due on the investments (which are in taxable accounts) and control the timing of the gifts, he says. 

©2018 Tribune Content Agency
Distributed by Tribune Content Agency, LLC

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The post The Journey: Changes in Tax Law Lead to Shifts in Giving appeared first on RISMedia.

Categories: Real Estate

Flood Insurance Still Available

NAR Daily News Magazine - December 7, 2018 - 1:00am

End-of-year negotiations among lawmakers have resulted in another short-term extension of the National Flood Insurance Program.

Categories: Real Estate

Fewer Investors Are Flipping Homes as Profits Weaken

NAR Daily News Magazine - December 7, 2018 - 1:00am

This marks the third consecutive quarter for year-over-year decreases in home flips. Find out which areas are still managing to eke out some profits.

Categories: Real Estate