9065 Bishop Dr # 117, West Des Moines, IA 50266 | MLS #571457 | Zillow
For sale: $377,900. West Des Moines newest 55+ Active Lifestyle Community...Aventura.
Just a small slice of Heaven. Universal home designs, easy living---Amazing
This one of a kind ranch townhome community is located on the border of Grimes, Johnston, Urbandale and just minutes from interstate 35/80. Glenstone Village has a small town feel but all the convenience of a big city. The beautiful european architecture of the homes, and it's lanscaping is breathtaking. And the easy lifestyle that these homes provide give you more time to enjoy the things that you like to do. COME EXPERIENCE THIS EXCEPTIONAL LIFESTYLE!!!1
9065 Bishop Dr # 117, West Des Moines, IA 50266 | MLS #571457 | Zillow
For sale: $377,900. West Des Moines newest 55+ Active Lifestyle Community...Aventura.
We have a trio of great options available when you buy a Hubbell Home in March! Receive $2,500 toward one of the following upgrades:
1. Blinds/window coverings
2. Appliance upgrades
3. Interior design services
Contact a listing agent for more details! www.hubbellhomes.com
Open House today from 1-4. Come see this large light filled ranch home that looks out to the greenbelt, a very private setting. This community is filled with wonderful neighbors, make use of the clubhouse, heated swimming pool and work out facility. You will love the fact that this home is located so close to a variety of amenities. Come out and visit, or private message me today to make an appointment.
Have you been searching the Internet for that perfect home? This interactive presentation has been made available by the listing agent to help you get a feel for this property and help you determine if this home could be the one!
Thank you to Robin and James Von Gillern yesterday for allowing us to tour this home. It was absolutely breath taking. To the woman I call mom--------you were looking for lots of soil-------14 acres and I even heard this has horse stalls. Two families could live in this home and be comfortable.
Thank you to all of the Glenstone Homeowners, and all of our family and friends for your help. Rilaine Johnson and I were given the honor of recieve an award from Hubbell Homes as the top listing agents for 2012 for selling the most Built To Order Homes at Glenstone Village. (we tied with Brian and Melinda from Waukee). We could not have done it with out you. Thank You !
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Civic Center Shows
Get your tickets NOW for “Memphis” coming-up in April! It’s the not-to-be-missed hit of the spring line-up, so please make sure everyone has this show information… while tickets are still available. Discount tickets available at: http://www.civiccenter.org/group_sales/e-tickets.php
The E-ticket Code is: Coldwell
The special offer discount code is: BEST
For additional show information on Memphis visit: http://memphisthemusical.com/
( Rod Clarkson says this is the one show you don’t want to miss)
The 50% off tickets for You Say Tomato…. are no longer available because the show has sold out for this week. But tickets are available for next week at the 15% discount.
The Civic Center of Greater Des Moines, celebrates nearly three decades of bringing performing arts to Iowa and the Midwest, with major Broadway and educational touring companies and local and regional groups.
Tips for Fire Safety in Your Home
March 6, 2012 · 1 Comment Share on twitterShare on emailShare on favoritesShare on addthis
Source: flickr user dvs
In an instant, a fire can turn from a controlled flame to an out-of-control fire that destroys a home. That’s why the time to take action for an unexpected event, or to ward one off, is before it ever starts.
According to Federal Emergency Management Agency, (FEMA), 78 percent of all structure fires occur in residences — both apartments and single-family homes. Nearly all fires are accidents and most are preventable — with fireproofing.
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But there’s more to fireproofing a home than keeping a fire extinguisher on hand and testing fire alarms. To keep your home safer, consider a few these tips:
■According to FEMA, the greatest cause of kitchen fires is unattended cooking. The best defense is to never leave things unattended — especially on the stove top. For things in the oven, set a timer if you have to leave the room. Regular oven checks are also a good idea.
■Kitchen counters are often cluttered with flammable items: paper towels, oven mitts, papers. Keep clutter to a minimum, especially near stove tops.
■Only use electric blankets and space heaters that have been approved by nationally recognized testing laboratories.
■Do not trap electric cords against walls or under the bed where heat can build up.
■Piles of old clothing and papers can create a flammable hazard that spreads fire quickly. Clean out closets and storage places regularly.
■Replace mattresses made before the 2007 Federal Mattress Flammability Standard, which requires higher safety standards for manufacturers.
■Do not drape clothing (scarves, hats) on top of lamp shades. It doesn’t take much for the clothing to ignite from the heat of the bulb.
Electrical and Appliances
■We all do it occasionally, but leaving an appliance on — even the dishwasher — greatly increases the chances of a fire. The appliance can short out and spark, which can shortly turn into a disaster if you’re not home.
■Check appliance and fixture cords for fraying.
■Never overload an outlet with too many things plugged in. If you continually trip a circuit and blow a fuse, you’re increasing your fire risk. Call an electrician to get to the bottom of the problem.
■Never leave your home with the clothes dryer running.
■Clean out dryer lint traps, stoves, and replace filters on your vacuum and furnace.
■Have your wiring checked out, especially in older homes, and in crawl spaces and attics where sparks can ignite dry insulation. Older knob-and-tube wiring can deteriorate over time and the wires can become exposed.
Despite your best efforts, no home will ever be completely fireproof. Make sure you’re familiar with your home insurance or renters’ insurance policies in case of a fire.
We just took a $5000.00 reduction on our two Abbey Homes at Glenstone, they are ready for someone to move in immediately, and they are beautiful. We also have one Canterbury floor plan available and four more that will be completed by the middle of April. Let us know if you would like to view these homes, or come out any Saturday and Sunday from 1-4 pm.
Money Magazine: Home Values Expected To INCREASE In 2012
Will Homes continue to lose value in 2012…or are we FINALLY at the bottom of this endless real estate crash?
Money Magazine reports that many parts of the US will actually see home value APPRECIATION in 2012
Buy a home-------Buy a home------Buy a home. The time is really now, see the article below for great advice.
Buy a House or Bury Your Money?
If you’re given a choice to either invest $1,000 in a two-year bank certificate of deposit or bury that money in your backyard, don’t spend too much time thinking about it, because for all practical purposes you’ll come out the same either way.
Researchers at the University of Alabama at Birmingham (UAB) say you’ll earn 83 cents more with the CD than burying your money, so the CD’s probably the better deal. But after you factor in the gas to get to the bank to buy your CD you’re probably better off going with the buried money and just taking advantage of inflation.
So, where should you put your money? Andreas Rauterkus, an assistant professor of finance at the UAB School of Business, says you should buy a home.
“First-time home-buyer rates are around 3.8 percent for a 30-year mortgage, so if you can afford a $1,000 mortgage payment monthly for 30 years then you can buy a $250,000 home right now,” says Rauterkus.
Lary Cowart, an assistant professor of real estate and finance at the school, says you don’t want to wait too long, though. Because once prices start moving, it won’t take long before price changes affect the advantage of today’s low rates.
“Holding out to try and find the lowest price is not a good strategy because if the house were to go down 10 percent but the interest rate goes up 1 percent you are not gaining anything,” says Cowart. “If rates go up 1 percent, say from 4 to 5 percent, that is a 25 percent increase in the interest rate; so the mortgage payment goes up by more than 10 percent and the amount of house that can be purchased goes down by more than 10 percent. People fail to realize that and it is another little thing that will cost them big over the 30-year life of the loan.”
Of course, whether you can buy at all depends on lenders’ willingness to make a loan today to anyone except those with the best credit profile and plenty of money for a downpayment, and that’s a big question today. It makes you wonder if the reason banks aren’t lending is because they don’t have any money available because it’s all buried in the bankers’ yards.
I hope you enjoy this Real Estate Article about President and Betty Ford's home.
Desert Home of President & Betty Ford Listed in Rancho Mirag
The modestly presidential desert home of Gerald and Betty Ford has hit the Rancho Mirage real estate market. The $1.699 million listing proves that the sporting and Midwestern sensibilities of the 38th president of the United States and his wife endured throughout the couple’s long lives.
Located on the Thunderbird Country Club golf course, the 6,316-square-foot ranch home features 5 bedrooms, 6 bathrooms and his-and-hers offices, which still hold some presidential memorabilia. A portrait of Betty still hangs in the living room.
The mid-century classic was designed by Welton Beckett in 1977, and ready for the couple to move into in 1978, after Ford lost the 1976 presidential election to Jimmy Carter.
The listing of the home comes six years after President Ford died in 2006 at age 93, and months after the former First Lady passed away in July 2011, also at the age of 93. None of the couple’s four children live in the Rancho Mirage area, but the home was the couple’s sanctuary from a busy public schedule.
With some of the well-worn furniture still in the home, it’s clear the place was used often. For 33 years, the President and First Lady swam in the inviting backyard pool and played golf — fitting for a former University of Michigan football player whose family also loved to ski.
(Another former Ford property in Beaver Creek, CO is back on the market, too. That home sold for $6.65 million in 2007, but is now listed for sale at $9.850 million.)
According to a story about the Ford’s Ranch Mirage home on mydesert.com:
There are also no security cameras inside what staff members called “the residence” — only infrared security sensors and at least one emergency phone that was in the president’s bathroom. Secret Service agents lived in an adjacent, 5,284-square-foot house that also served as the president’s official office.That home-turned-office complex was once owned by actress Ginger Rogers, but is now owned by the University of Southern California. It’s for sale for $509,000.
Is the worst over? I do know one thing, rates are exstremely low, and people are out looking. If you are ready to make a change, I would say now is the time.
2012 Housing Predictions: Is the Worst Over?
January 15, 2012 · Leave a Comment
About 1.9 million homes entered the foreclosure process in 2011, the lowest level since 2007 when the recession began, according to a report Thursday by the foreclosure listing firm RealtyTrac.
That the decline does not necessarily indicate that the housing market is getting better, as many foreclosures have been delayed due to confusion over documentation and legal issues involved in the process.
Below I posted an article on Tax Exchange Properties. We see allot of misconceptions on these properties. I thought the article I posted explained things very well. If you have questions about these properties, allow our Glenstone team to help you.
Know the tax rules on sale of exchanged property
5-year rule is barrier for some owners
By Tom Kelly, Wednesday, January 11, 2012.
House and money image via Shutterstock.com.CORRECTION: This column has been updated with a correction. The Housing and Economic Recovery Act of 2008 amended Section 121 of the Internal Revenue Code. That section no longer permits homeowners to take the full tax-free exclusion on the sale of real property that was held and used as their primary residence if there was any nonqualified (rental) use of the real property prior to it being held and used as their primary residence.
The lackluster housing market has many investors looking for bargain properties, sometimes in bunches. Buyers are getting more creative about funding their purchases, rethinking the role of real estate not only for their portfolios but also for their residences.
In a recent example, an older couple sold their home and purchased two Arizona golf-course condominiums with the proceeds -- one for their primary residence and another as a rental -- and still put some money in their pocket. What made the deal interesting was that they had purchased the original home six years ago via a tax-deferred exchange.
While investors had turned rental properties into principal residences for years, the timing for claiming the $500,000 principal residence exemption ($250,000 for a single person) on a home acquired via an exchange wasn't clarified until late 2004.
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Before then, taxpayers were left to guess how long they had to hold an investment property before deeming it a primary residence -- or when it was safe to sell it and pocket any gain.
The American Jobs Creation Act of 2004 spelled out the steps necessary to create a "safe harbor" with the Internal Revenue Service for investors who ended up living in one of their rentals. The key stipulation was the exchange property must be held for five years in order to qualify for the primary residence exemption. The five-year period curtailed people from buying investments, immediately moving into them and then quickly selling them simply to avoid a capital gains tax.
In order to qualify for the $500,000 exclusion ($250,000 for single persons) homeowners must own and use the property as a principal residence for two out of five years prior to the date of sale. Second, the owner must not have used this same exclusion in the two-year period prior to the sale. So, the only limit on the number of times a taxpayer can claim this exclusion is once in any two-year period.
Under the exchange rules, commonly known as 1031 exchanges or Starker exchanges, a taxpayer who exchanges property that was held for productive use or investment for "like-kind" property may acquire the replacement property on a tax-free basis. Because the replacement property generally has a low carryover tax basis, the taxpayer will have taxable gain upon the sale of the replacement property.
However, when the homeowner converts the replacement property into a principal residence, the taxpayer may shelter some or all of this gain from income taxation. The committee that drafted the five-year rule wrote that proposal "balances the concerns associated with these provisions to reduce this tax shelter concern without unduly limiting the exclusion on sales or exchanges of principal residences."
While the five-year requirement is a helpful guideline, it does not significantly extend the timeline for people who might consider moving into their own rental. That's because an investment property needs to be rented (used as an investment) after an exchange to show the exchange was clearly an investment-for-investment transaction.
Accountants say the exchanged property should be held for at least two years as an investment property before an owner considers converting it to a primary residence.
The Housing and Economic Recovery Act of 2008 amended Section 121 of the Internal Revenue Code. Section 121 no longer permits homeowners to take the full tax-free exclusion on the sale of real property that was held and used as their primary residence if there was any nonqualified (rental) use of the real property prior to it being held and used as their primary residence. It will have to be prorated for the time period during which it was rented.
For example, if you rented a home for two years and then occupied it for two years, then sold -- you will end up paying capital gain tax from 50 percent of proceeds.
Exchange facilitators and tax attorneys caution that all exchanges must meet the "facts and circumstances" test regardless of how much time has passed before converting an investment property to a personal residence. In a nutshell: It's all about intent. If it's clear at the time of the exchange that a taxpayer intended to use the exchange property as a primary residence, the exchange can be challenged.
While a tax-deferred exchange appears just like a "sale" for you, your real estate agent and parties associated with the deal, Section 1031 of the Internal Revenue Service code specifically requires that an exchange take place. That means that one property must be exchanged for another property, rather than sold for cash. The exchange is what distinguishes a Section 1031 tax-deferred transaction from a sale and purchase. The exchange is created by using an intermediary (or exchange facilitator) and the required exchange documentation.
If you've traded for a lakefront getaway condo and now think you would like to live there, make sure you own it for five years before attempting to pocket a principal residence exemption.
Tom Kelly's new e-book, "Bargains Beyond the Border: Get Past the Blood and Drugs: Mexico's Lower Cost of Living Can Avert a Tearful Retirement," is available online at Apple's iBookstore, Amazon.com, Sony's Reader Store, Barnes & Noble, Kobo, Diesel eBook Store, and Google Editions.
Contact Tom Kelly:
3305 SE Glenstone Dr
We offer two very open floor plans starting at 1700 square feet and up. Each home provides a light filled sun-room, cozy gas fireplace, exstremely efficient kitchen with tons of cabinets. The storage availablilty throughout the homes is so ample and exstremely convenient, and best of all no basement steps to fall down or wet conditions to deal with. Located in the heart of the community for your enjoyment, is a clubhouse, heated swimming pool and fitness center.
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