Author: Aly Chiman

What is Private Residence Relief?It is the name given to the tax relief that has been created to ensure that most people will not receive a bill when they sell their own private residence.Who Qualifies For The Relief?As a general guide line, anyone who has lived in their own home that they have lived in since they owned it, will be eligible for private residence relief.However, there are a few exceptions to the rule, such…

Posted by in , , , with WASHINGTON -(Dow Jones)- Republicans in the U.S. House of Representatives are circulating legislation to raise the minimum down payment for loans backed by the Federal Housing Administration, the main source of mortgage money for first- time homebuyers. Currently, homeowners are able to take out FHA-backed loans with a minimum down payment of 3.5%. A draft bill being circulated by Rep. Judy Biggert (R., Ill.), would raise that minimum…

Posted by in , with The number of Americans who bought previously occupied homes rose in August. But the sales were driven by an increase in foreclosures, a sign that home prices could fall further next year and slow a housing recovery. The National Association of Realtors said Wednesday that home sales rose 7.7 percent last month to a seasonally adjusted annual rate of 5.03 million homes. That’s below the 6 million that economists say…

Category Archivefor: ‘Uncategorized’ Posted by with May 31, 2011 Robert Shiller, an economics professor at Yale University and co-creator of the S&P/Case-Shiller home-price index, talks about the outlook for home prices. The S&P/Case-Shiller index of property values in 20 cities fell 3.6 percent from March 2010, the biggest year-over-year decline since November 2009, the group said today in New York. At … Posted by with Your buyers have found the home of their dreams, started…

Table of Contents The United Kingdom is a country where investors come to invest their money by buying properties. It still has the highest demands regarding property investment until reports stated that the United Kingdom is not a good place for investors to invest their money.This is because the economy crisis is affecting a huge part of the UK. With these reports coming out in the open, investors have sought property advice from their advisers…