Who Really Bought Dunnellen Hall?

Rumors have been spreading that Billy Joel bought the former Leona Helmsley Estate on 521 Round Hill Rd. but his publicist has denied it.  Public records simply state 521 Corporation, 230 Park Ave, #659 – bought it for $35M, and according to tax records, only 9.16 acres were sold for this price. For the last…

Deduction Checklist for Real Estate Professionals

The criteria for deducting expenses is that the expense has to be ordinary and necessary, directly related to your business and reasonable in amount (IRS CODE SECTION 162)  Here’s the list: advertising expenses which includes  websites, mailing lists, newspaper advertising, fliers, online advertising, postcards, promotional materials, logo clothing, and any expense related to marketing your real…

More Good News for Home Prices – CALLING ALL BANKERS + BUYERS

Yesterday’s housing news was dismal, but is it all bad? – According to Shiller the other half of Case: “There’s a substantial risk of home prices falling another 15%, 20% or 25% more,” he said.  His reasoning is that the presence of Fannie and Freddie will be greatly reduced, and since they guarantee approximately 2/3…

Furry Staging Secrets

The NY Times featured an article this weekend about how pets have helped to sell homes in the city….now of course one needs to be an animal lover, or at least appreciate them –  as opposed to the few who have dislikes for pets – or have allergies… So the article goes on to say…

MLS Mistakes

OK – we all make them, but when I see blatant and numerous errors on one listing, I wonder how this person got the listing in the first place…unless they are related to the seller. Year built and year renovated – the same year – 1968 (I don’t think it was a flip) Acres –…

For the love of barns

BARNS ARE SO CHARMING + PRACTICAL I just love barns – ask my husband and his eyes will roll so far in the back of his head….with all the conversation lately about how the new baby boomers will be looking at home ownership in a simpler way, the barn style of living could REALLY catch…