Beautiful Wilkes County NC Log Home and Mountain Property.

MLS Number: 50863, List Price: $359,900

Bedrooms: 3, Full Baths: 2, Half Baths: 0, Est Total SqFt: 2600, Type/Style: Log Home, Area: Area 6, Middle School: Cntrl Wlks, High School: Wlks Cntrl, Construction: Log

Foundation: Combination, Roof: Metal Roof, Floors: Carpet/Hardwood/Tile, Garage/Carport: None-Garage, None-Carport, Interior Features: Master Bedroom, Main Level, Large Master Bedroom, Walk-In Closet(s), Hardwood Floors, Fireplace(s), Great Room, Exterior Features: Double Pane Windows, Wooded Lot, 1-5 Acres, Hot Tub, Subdivision: N/A, Lot Size: 2.47, Apx SqFt: 2600 - 2800 SF, Basement: None

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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Global demand for bio-fuels and other agricultural commodities are driving up the value of farmland acreage to all-time highs. Unlike the housing boom, farmland appreciation isn’t being propelled by innovative and unsustainable financing, nor is it due to speculators looking to flip the property. Neither is it solely based on the surging popularity of bio-fuels.

Experts say price per acre appreciation is not because of the wild increase in the use of ethanol to fuel our obsession with the automobile, rather they contend that there are several fundamentals that are showing that the next 10 years for agriculture will be extremely favorable. (more…)

search for : bio-fuels, agricultural commodities

Guidelines for taxpayers that wish to do a 1031 exchange involving a vacation home have recently been clarified by the IRS. Historically, the accounting term “1031 exchange” defined that group of real estate investments as property held for investment or used in a trade or business.

Until just recently, there existed no guidance from the IRS indicating whether vacation homes were investment or personal use property. That changed when the U.S. Tax Court disallowed a taxpayer’s exchange from one vacation home into another.

The ruling was released as a Revenue Procedure, which is a type of “cook book” ruling, describing what a taxpayer must do to achieve a certain result from the IRS. (more…)

search for : 1031 exchange

The current credit crisis started in the housing market when the appreciation stopped, prices began to deflate and homeowners started defaulting on their mortgages. This scenario hurt the value of the debt securities tied to subprime mortgages that were made to high-risk borrowers. All these factors lead to big losses at investment banks and hedge funds.

Almost all of the credit problem areas today have one common denominator: housing. Several years back, as the housing market got hotter, lenders lowered their credit standards. Those companies allowed people with bad credit records purchase homes at inflated prices, just to bolster the companys’ bottom lines. Some buyers even put no money down towards buying their dream home, condo, or even second (vacation) home. (more…)

search for : credit crisis, defaulting on their mortgages, subprime mortgage, high-risk borrower, no money down

With the two car garage morphing into a one car plus storage space, sales of components and cabinets to achieve a better organized garage have skyrocketed. In fact, garage gear has become a billion-dollar industry. High-end custom garage-organizing companies have been growing 20%-25% per year; however, the growth is expected to flatten a little in 2008, because of the weakening economy.

Gladiator GarageWorks, a Whirlpool Corp. brand, is an easy to use site that allows a viewer to came up with a basic design using click and drag tools. One can put in a closed cabinet under the window and a tall one next to it, bins for balls, a rack we could use for things like skis and brooms, and some “GearTrack” paneling for more hooks. (more…)

search for : organized garage, garage-organizing