Importance of Technology in promotion of listings

B&W’s Kinney lists Chicago’s highest priced residential listing
Relocating and need something really high end?  Baird and Warner’s Jim Kinney  , vice president of luxury home sales, recently listed the 13,200 SF goldcoast penthourse of Bill Wrigley Jr (chewing gum heir and chairman of the Wrigley Co.).  The price, an astonishing $14 MILLION. The property is undeveloped space on the 8th floor of the Lucien Lagrange-designed luxury building at 66 E. Goethe.  The unit is a combo of three that he purchased for over $9 million some seven ye

It’s official, tax credit is extended and enhanced!
BREAKING NEWS from RIS MEDIA:   Obama Signs Homebuyer Tax Credit Extension According to RIS MEDIA: President Barack Obama approved the first-time homebuyer tax credit extension which will extend the tax credit until April 30, 2010!!!!!!!!!! A great day for Chicago real estate.  

House passes tax credit bill!!!!
More good news for Chicago real estate?  The first-time homebuyer’s tax credit extension is one step closer to reality!    Last night the house voted overwhelmingly 403-12 to pass the bill - following a similar vote in The Senate earlier this week.  The credit will provide up to $8K for new homebuyers and will be extended through APRIL 30 2010 (for contracts) with a close date of June 31, 2010. “But wait there’s more” as they say -  The legislation includes a reduced credit of up to $6,500 to REPEAT buyers if they’ve owned their homes for  five years or more (caps inc

Senate clears the way for tax credit extension!
Senate clears the way for tax credit extension!   By an 83 vote margin, the U. S. Senate this week voted to end debate on the package and present legislation to President Obama for his signature next week! Read about it HERE.   Due to expire at month’s end, the $8000 tax credit would be extended through April 30, 2010.  Thus the 11/30/09 deadline would disappear. The new credit would now be available for move-up as well as first time buyers and w

The Taxman Checketh?
The IRS seems to be looking a bit more closely at mortgage interest deductions, according to The Daily Real Estate News.  Even for luxury real estate holders, the mortgage interest deduction is one of the biggest helps that the IRS provides to the rich.  You can deduct your interest on up to a cool million of mortgage payments (plus real estate taxes) on the total paid out for your primary and vacation homes.   But it seems that the IRS is enforcing more and more of the complex rules and recording requirements, which can be very confusing for the average home owner, even millionaire home owners!  F