Congratulations on getting your real estate license! Are you looking for a company with good training but do not want to give up huge amounts of your hard-earned commission?

Look no further, Abacus Properties, Inc. offers a five-week “Road-To-Success” training series for all our new agents.

We are here to service and help you be the best agents in town and at the same time let you keep most of your hard-earned commission!

We offer:

• up to 100% commission
• fees as low as $500 per transaction(plus $105 e&o insurance)
• no franchise fee
• low monthly fee of $29.99
• virtual office, work anywhere
• originate loans too and make more money
• conference rooms available to meet with clients
• company IDX website
• direct access to broker
• on-going training to keep you up-to-date
• training/mentoring for new agents
• full time or part time

Call today to JOIN OUR TEAM!

Abacus Properties Inc.

“Always Looking for Great Agents!”

(858) 674-6648 office

(858) 583-4631 mobile

http://www.AbacusPropertiesInc.com

Are you a newly licensed real estate agent? Are you looking for a company with good training but do not want to give up huge amounts of your hard-earned commission?

Look no further, Abacus Properties, Inc. offers a five-week “Road-To-Success” training series for all our new agents. We are here to service and help you be the best agents in town and at the same time let you keep most of your hard-earned commission!

We offer:

• up to 100% commission
• fees as low as $500 per transaction(plus $105 e&o insurance)
• no franchise fee
• low monthly fee of $29.99
• virtual office, work anywhere
• conference rooms available to meet with clients
• company IDX website
• direct access to broker
• on-going training to keep you up-to-date
• training/mentoring for new agents
• full time or part time

Call Kathy today to JOIN OUR TEAM!

Abacus Properties Inc.

“Always Looking for Great Agents!”

(858) 674-6648 office

(858) 583-4631 mobile

http://www.AbacusPropertiesInc.com

We at Abacus Properties, Inc. have a team of experienced real estate agents that specialise in short sales throughout San Diego County. We will put our expertise in marketing and negotiation to work for you. We want to help you!

Don’t delay, contact us TODAY!

Kathy Low/Broker, Team Leader

Abacus Properties, Inc.

(858)674-6648 office

(858)583-4631 mobile

Email: Kathy@AbacusPropertiesInc.com

Website: www.AbacusPropertiesInc.com

Our great agents specialize in different parts of the county, from all the beach towns, such as La Jolla, Del Mar, Coronado, Solana Beach, Pacific Beach, Carlsbad, etc. to the inland I-15 corridor, like Rancho Bernardo, Poway, Scripps Ranch, etc., and anywhere in between! We also have agents who speaks Spanish, Chinese, Vietnamese, Farzi, and English, of course!

Our Team at Abacus are upbeat, technology driven, knowledgeable, ethical, and diligent. Customer service is our priority!

Check us out: www.AbacusPropertiesInc.com

 Call our Team Leader, Kathy TODAY!

Abacus Properties, Inc.

(858)674-6648 office

(858)583-4631 mobile

For tax purposes, deductions for residential real estate held for personal use generally fall into two main categories:

· costs that can be deducted as expenses from a buyer’s or seller’s personal income on a tax return
· costs that can be used to alter the basis of the home, with the idea of lowering the capital gains

Note that a second, or vacation, home generally qualifies for all of the same deductions as a principal residence provided that it isn’t rented for a significant portion of the year.

Buyers may deduct the following items associated with buying a home as expenses on their personal income tax in the year that they buy the home.

Points—including loan origination fees and loan discounts, provided that the home is your principal residence, the amount is clearly stated on the settlement statement, and the purchase meets the nine criteria for deducting points established by the IRS. (See www.irs.gov/prod/forms_pubs/pubs/p53001.htm for details on these criteria.)

If the buyer doesn’t satisfy all of these criteria, points must be prorated and deducted over the life of the mortgage.

Buyers may add the following costs associated with a purchase to the basis of their home. These additions will increase the basis and serve to lower the capital gains liability when the home is eventually sold:

1. Transfer or stamp taxes and recording fees, if paid by the buyer.

2. Title abstracts.

3. Title insurance.

4. Attorney’s fees for preparing their documents for closing.

Buyers cannot deduct as expenses on their income tax or add to the cost basis of the home:

1. Fees for an appraisal required by the lender.

2. Rent paid to occupy the home before closing.

3. Cost of credit reports.

4. Loan assumption fees.

During the period of homeownership, owners of single-family homes, condominiums, coops, and other types of property occupied as a principal residence may deduct the following items as expenses each year on their income tax returns:

1. Interest paid on a mortgage loan(s) of $1 million or less taken out to buy, build, or improve a home. If the loan amounts you owe on your first and second home together exceed $1 million, not all interest is deductible. Note that married couples filing separately may each deduct interest on a total mortgage debt of $500,000.

2. Late payment charges on mortgage payments

3. Real estate taxes paid on the home in the year they are paid

Homeowners may not deduct:

1. Homeowners association dues or assessments.

2. Premiums for fire or homeowners’ insurance. (Note that this is often included in the monthly house payment.)

At the time of the sale, the sellers may deduct the following expenses from their income taxes:

1. Any reserved real estate taxes credited to the buyer at closing. However, these deductions can’t be taken until the year that the property taxes are actually paid to the taxing body.

2. Any mortgage interest paid for the portion of the year that the house was owned.

3. Any remaining, undeducted points for the satisfied mortgage.

In calculating the capital gains resulting from a sale, the sellers may add the costs following items to their existing basis:

1. Transfer or stamp taxes and recording fees, if paid by the seller.

2. Recording fees, if paid by the seller.

3. Attorney’s fees for preparing their documents for closing.

4. Real estate commissions paid to a broker and sales associates.

5. Money spent to repair the house prior to sale, if spent within 90 days of the sale.

Tax laws can change frequently. Always consult an accountant or tax attorney if you have questions on real estate tax issues.

For all your real estate needs, contact Abacus Properties, Inc., where customer service is our #1 priority!

Kathy Low/Broker

Abacus Properties, Inc.

(858)583-4631

www.AbacusPropertiesInc.com

Buyers typically pays for:

• Escrow fees
• Document preparation(if applicable)
• Notary fees
• Recording charges for all documents in buyer’s name
• Termite inspection(according to contract)
• Tax proration(from date of acquistion)
• All new loan charges(except those required by lender for seller to pay)
• Interest on new loan from date of funding to 30 days prior to first payment date
• Assumption/Change of Records fees for take-over of existing loan
• Beneficiary Statment fee for assumption of existing loan
• Inspection fees(roofing, property inspection, geological, etc.)
• Lender’s policy
• Fire insurance premium for first year

Seller typically pays for:

• Real estate commission
• Escrow fees
• County documentary transfer tax
• Homeowner’s transfer fee
• Applicable city transfer/conveyance tax
• Document preparation fee for deed
• Any loan fees required by buyer’s lender
• Payoff of all loans in seller’s name
• Interest accrued to lender being paid off
• Statement fees, reconveyance fees and any prepayment penalties
• Termite inspection and termite work(according to contract)
• Home warranty
• Any Judgements, tax lien, etc. against seller
• Tax proration
• Any unpaid homeowner’s dues
• Recording charges to clear all documents of record against seller
• Any bonds or assessments
• Any and all delinquent taxes
• Notary fee – escrow fee
• title insurance premium: Owner’s Policy

If you are relocating to San Diego, Call our Team at Abacus Properties, Inc. to assist you in finding your dream home! Call Kathy TODAY to start your home search!

Your Home Team

Abacus Properties, Inc.

(858) 583-4631

www.AbacusPropertiesInc.com

• Lawn in good condition
• Hedges trimmed
• Yard cleared of leaaves & papers
• Fence in good repair

Home Exterior

• Painted & repaired
• Doors work easily & silently
• Doorbells operating
• Driveway free of grease

Garage

• Doors work easily & silently
• Workbench & tools neatly arranged
• Floor cleaned & in good condition

Living Room

• Walls & ceiling freshly painted or cleaned
• Curtains clean & in good condition
• Carpeting clean & in good condition
• Windows clean

Kitchen

• Range & oven clean
• Sink clear of dishes
• Cupboards neat
• Faucets in good repair
• Windows clean
• Walls & ceiling freshly painted or cleaned

Bedrooms

• Walls & ceiling freshly painted or cleaned
• Beds made & toys put away
• Closets neatly arranged
• Cutains clean & in good condition
• Windows clean

Bathrooms

• Floors cleaned & in good condition
• Lavatory & commode clean
• Shower & tub clean & in good condition
• Faucets in good condition

If you are thinking of selling your home, let our Team at Abacus help you get the best possible price at the least time for you!

Call Kathy TODAY to get a free Market Analysis!

Abacus Properties, Inc.

(858)583-4631

www.AbacusPropertiesInc.com

Real estate agents, brokers, appraisers…Are you looking to list REO properties, or just want to supplement your income by doing broker price opinions(BPOs)?

I have compiled a list of 70+ asset management companies who are looking for local professionals to list bank-owned properties and complete BPOs. Cost of list is $29.99.

If you want to break into the industry, email me.

Our company philosophy is: “Agents are the talents. Agents are the bosses. We are dedicated to providing superior service, training and care to our TEAM members, so that our Agent Team can in turn provide over-the-top customer service to the clients.”

Since we believe our Agents make the company, our Agents makes 100% of their hard-earned commission.

Whether you are an experience Agent, a new Agent, or just thinking of getting your real estate license, we can help you be the best Agents in town.

We want to cultivate long and profitable relationships with our TEAM.

Please contact our Team Leader, Kathy, to JOIN OUR TEAM!

www.AbacusPropertiesInc.com

Abacus Properties, Inc.

(858)674-6648 office

(858)583-4631 mobile