Reduce Your Property Taxes, The Real Estate Insider Shows You How

Reduce Your Property Taxes, The Real Estate Insider Shows You How

Property taxes are a big concern for all of us, especially in areaas such as the luxry real estate market of the SF Peninsula.  The Real Estate Insider show talks with Ron Ricard of IPX Property Exchange. Ron tells us how to keep your property taxes low when buying a new home.  Prices in Menlo Park, Atherton, Palo Alto and other luxury real estate markets average in excess  of one million dollars and with an average property tax rate of 1.25 percent, that equates to over ten thousand dollars a year in property taxes for just an average home.  So, you can imagine the importance of finding ways to keep your taxes low.

Real Housewives of New Jersey Home Up For Auction!

August 12, 2010 Celebrity Homes No Comments

Reality TV stars are celebrities too, and they have financial problems just like the rest of us.  And now, you might be able to get the chance to buy her home at auction.

I’ve heard there is an upcoming auction involving “Real Housewives of New Jersey” personalities Teresa and Joe Giudice: The contents of their lavish 10,000-square-foot New Jersey mansion are scheduled for auction on Aug. 22. This luxury estate could be yours, although camera crews are not included.

It was originally a local affair. Auction house A.J. Willner  says it received so many inquiries from around the world, it decided to add an online component.

Potential bidders can sign up  at Proxibid, a website that does as many as 800 auctions a month and reports bidders from 175 countries around the world. Items involving celebrities – or, in this case, reality-TV personalities – can command a premium, says Bruce Hoberman, Proxibid’s president. A $750 silk Mets jacket once owned by convicted Ponzi schemer Bernie Madoff commanded $14,500 in November.

A.J. Willner Auctions
The suit of armor is expected to be one of the more popular items.

In this case, it is unclear exactly what will be up for grabs. The Giudices, who filed for bankruptcy protection, formally objected to the auction, says Mike Sklar, a partner with A.J. Willner. A hearing is planned Aug. 16. The couple-who could not be reached because their phone is disconnected–says some of the items scheduled for auction were purchased after the bankruptcy petition, while others belong to relatives, Mr. Sklar says. Such objections are typical, he adds.

If a judge allows the auction to proceed, Mr. Sklar says he’ll rush to inventory the Towaco, N.J., mansion and what’s left of its fancy contents. Items possibly up for grabs include a grand piano–expected to be popular –a suit of armor, snow plow and foosball table.

Mr. Sklar says he hadn’t seen the “Real Housewives of New Jersey” show until recently. “I have no idea who these people are but obviously other people do,” he says. “I’m not really a reality TV person. It’s not my cup of tea.”

This shows everybody is effected, even tv stars.  I guess it actually is a reality show.  Luxury Real Estate from all areas of the country are having their ups and downs.

My Contact Information

Gary Kurtz
949.565.5201
gkurtz@homgroup.com
BRE# 01710776

Kathy Kurtz
714.394.2676
kathyk213@aol.com
BRE# 01876966

HOM Sotheby's International Realty
1200 Newport Center Drive, # 100
Newport Beach, CA 92660

949.565.5201 (cell)
949.478.7769 (office)
650.796.5507 (Silicon Valley #)

Contact me now with any questions:
gkurtz@homgroup.com

Kurtz Real Estate Group




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