Thursday, December 31, 2015

New Year’s Eve Parties and Events

new year's eve parties and events
We all love to celebrate New Year’s Eve! Here are some parties and events I found happening here in Greenville SC for December 31st.
  • SIP Soiree - New Year’s Eve at 9pm. Prices $38-$54. 103 N Main St.
  • New Year’s Eve 2016 Southern Gala at 9pm. Prices $80-$133. 540 Buncombe St.
  • New Year’s Eve Show and Countdown at 10pm. $20. 1 E Coffee St.
  • Negril Village New Year’s Eve Party at 8pm. FREE. 30 North Avenue NE.
  • New Year’s Eve 2016! at 9pm. Prices $29-$136. 200 East Bland.
  • Durham New Year’s Eve Celebration at 8pm. Price $64. 301 West Morgan St.
  • New Year’s Eve Party at Moe Joe Coffee and Music House of Greenville. Price $27. 20 South Main St.
  • New Year’s Eve Porgy 2015 at 5pm. Price $0-27. Greer SC.
  • The Final Countdown to 2016 at 9pm. Prices $54-$101. 22 Graves Dr.
This is just a few of the celebrations that you can participate in for New Years. Find the whole listing at Greenville New Years Eve Parties Events. The GreenvilleOnline web site also has a listing of some New Years events. You can also take a look back at the biggest stories in 2014 from the same page. Downtown Greenville has a Facebook page that lists attractions and things to do also.

purge old tax records
Another benefit to welcoming a new year is the opportunity to start fresh. Start your spring cleaning by cleaning up your personal papers and tax records. Get organized and shred the papers you no longer need. According to the IRS, annual tax records can be purged after three years from the date you filed the return - this corresponds to the amount of time the IRS has to audit you. For state tax returns, if applicable, check with your state offices. In addition, the IRS can ask for tax records up to six years if they suspect fraud or failure to report all gross income. Any paperwork you have to help you claim tax deductions should be kept for three years after the filing date too.

Another option is to take these records and scan them into an electronic storage program like Evernote, Dropbox or Google Drive. These programs are free up to a specific amount of storage and then you can purchase more storage for a relatively small price. Most professional or corporate entities will take electronic files as proof these days.

And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

Thursday, December 24, 2015

Merry Christmas


Check out this brief History of Christmas video provided by the History Channel. You might find a couple of things you didn’t know about Christmas in it.



The Christmas Tree is a tradition that has an interesting beginning. Check out this video below to learn something you didn’t know.





And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

Friday, December 18, 2015

How to make your savings Piggy Bank Happy on Year End Tax Deductions



How to make your savings Piggy Bank Happy on Year End Tax Deductions
Image courtesy of hin255
at FreeDigitalPhotos.net
Homeowners have a few advantages over non-homeowners. Here are some tax tips you need to get a jump start on your 2015 taxes. Take advantage of these to lower your tax bill.
  • Mortgage Interest Deduction. This is a great deduction available to homeowners. To qualify your loan must be secured by your home… and your home can be a house, RV, or boat as long as you can sleep, cook and it has a toilet. Interest paid on your mortgage up to $1 million ($500,000 if married filing separately) is deductible. Also if you take out a second mortgage, equity loan or equity line of credit interest is deductible also and counts toward the $1 million limit.
  • Prepaid Interest Deduction. If you pre-paid interest or points on your home loan they are deductible in the year in which you paid them. If you refinanced and paid any points they are also deductible in the year you paid. Look for a Form 1098 from your Lender for qualifying amounts.
  • Property Tax Deduction. Taxes paid to your local state, county or city are deductible on your tax return. If you pay into an escrow account, you can see what was paid on your behalf for the year. Your Lender will send you a notice via mail during January or February.
  • PMI and FHA Mortgage Insurance Premiums. This will only be deductible if Congress renews it for 2015 like they have in the past. The cost of PMI would be deducted on your Schedule A as mortgage interest.
  • Vacation Home Tax Deductions. This deduction can be complicated based on whether you use the home yourself or rent it out during part of the year. If you rent it for more than 14 days during the year and use it personally fewer than 15 days during the year it is considered rental property and is deducted on a Schedule E. If you use if as a rental, keep track of your income, expenses and there may be some deductions available to you.
  • Energy-Efficiency Upgrades. Unless Congress renews for 2015, this credit is no longer available. This one carried a lifetime cap of $500 so if you used it before now you may have used your full credit. But one thing is certain, energy efficient upgrades will save you money in utilities per month.
How to make your savings Piggy Bank Happy on Year End Tax DeductionsHope this has been a great reminder of what you can expect to deduct when you sit down to do your taxes for 2015. Keeping good records is always a plus.

And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.

Friday, December 11, 2015

New Mortgage Rules You Should Know


new mortgage rules
Good news for homebuyers who are purchasing after October 3rd 2015. The Consumer Financial Protection Bureau (CFPB) has fought for new mortgage rules for consumers. These rules are to help prevent surprises for buyers when they get to the closing table.

With this new law, buyers will get transparent loan and closing documents a full three days before they go to closing on a home. This might help buyers save money on some of the small print fees that you might not have seen at the closing table.
  • Paperwork the buyer will receive. A loan estimate (LE) and a closing disclosure (CD).
Within 3 days of completing a loan application with a lender you will receive a loan estimate. This document will itemize out all the 3rd party fees and services (e.g., title search, title insurance, credit report fee). Our suggestion: get a loan estimate from several lenders so you can see what fees they add on and make an informed decision on the best product.

Three days before closing the buyer will receive the closing disclosure. This document itemizes all the same costs but as a final price for the fees and services and not as an estimate like above. With these two documents, buyers will have all the information on purchasing their home.

The information on the loan estimate and closing disclosure are categorized.
  • Loan terms. Details amount of loan, interest rate and the loan monthly payment.
  • Projected payments. Details the buyer’s monthly payment including mortgage, PMI, escrow amounts.
  • Costs paid at closing. Details the total cash the buyer brings to closing.
  • Closing cost details. Details the additional fees the buyer will pay. Some of these fees can be shopped around and some are specific to the lender you choose.
The closing disclosure will also list any credits or deposits made on the buyer’s behalf by the seller or by the buyer’s family etc. Lenders don’t know about these credits when preparing their loan estimate.

Due to the strict timing of these documents, it is important for a buyer to provide any and all necessary information as soon as possible. Enlist the help of your RealtorⓇ when negotiating and preparing paperwork. It is their job to know the rules and they can help expedite the process.

Bottom-line is that the LE and CD are good documents. This new law requires that these documents be made in good faith so they are required to be as accurate as possible. With the buyer knowing what to expect at closing, hopefully there will be no surprises.

And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.




Friday, December 4, 2015

December Events around Greenville SC




The Holiday Season is in full swing so here are some events happening around Greenville. This is just a short list of all the holiday happenings. Get a full list of events for Greenville for the month of December. The link is already set up to display.

And remember if you, a friend or family member need assistance with selling or buying a home I can help. Referrals and people needing relocation assistance are welcome! Search Single Family homes in Greenville. Search Condos and Townhomes in Greenville.