I am very pleased to send you my first newsletter. This
newsletter is designed to focus on Real Estate news and to help each other as a
community. The Pengilly Informer will be published every quarter and sent to
your home. If you prefer to receive the newsletter via e-mail, send your name
and address (as it was sent to you) to me and request receipt via email, it is
free!
If you have news or events, or are
selling used items or own a business and would like to advertise for the
benefit of our community, send me a note at cgirard@mail.com and I will be more
than happy to include it in my newsletter. Just remember that to do so you must
reside in Pengilly and that this is not intended to become Ebay…
ABOUT ME…
My husband Marc and I relocated to Pengilly 2 years ago to
be closer to family. We have 4 children and a grand-daughter. I initially
obtained my Real Estate license in Canada in 1978 and have since become
involved in the management of capital businesses in Minnesota and the Caribbean
Islands. I recently joined RE/MAX Thousand Lakes in Grand Rapids. The team is
extremely experienced and knowledgeable and it is always nice to be part of a
winning team! Therefore, if you are looking to buy, sell or invest in real
estate, don’t hesitate to call me today (218)
969-8855 or (218) 259-6600. I would love to serve you.
The 40th Annual Grand Rapids Jaycees Home and Sport Show is
approaching fast. It will be held from March 16th to the 18th. The 75th Annual Northwest Sport show will be
held at the Minneapolis Convention Center from March 27th to April 1st . Don’t miss these events!
Come and visit with me there, as RE/MAX Thousand Lakes is
proud to be in full presence at these shows promoting our listed properties.
PENGILLY SOUTH UPDATE ON QWEST INTERNET
As many of you remember, last fall I went from house to
house collecting signatures to show Qwest the interest of our neighborhood to
have Internet DSL. I sent over 35 signatures to Qwest in Minneapolis. I was
informed that their headquarters in Colorado thought that it was not “worth”
the investment at this time. According to them, we are looking at another
potential 2 years, which is a real shame. Many children need the technology to
accomplish schoolwork. Qwest is, unfortunately not eager to invest in “rural”
areas.
On the other hand, Sprint is extending coverage with their
new EV-DO network which is the internet via the cell towers at high speed. Although they currently have mobile broadband
in place that is faster than dial up, it doesn’t compare to DSL or cable. The new EV-DO will surely give it fierce
competition. I will continue to monitor
the market and will keep you posted.
WHAT’S NEW AT RE/MAX THOUSAND LAKES!
RE/MAX Thousand Lakes is pleased to participate in the MLS
Co-op.The Co-op is not an MLS, but a
cooperative effort among participating REALTOR® Associations from Minnesota and
Western Wisconsin to share all Active listings among their members. The purpose is to better serve our clients.
What doesn’t it mean for you: The Co-op gives wider exposure across the
state for seller’s properties and it will make it easier for my clients to have
information about properties they are interested in regardless of where in the
state they want to search.The Multiple
Listing Services participating are:
Duluth Area Association of REALTORS® , Faribault Area
Association of REALTORS® , Greater Lakes Association of REALTORS® (Brainerd) ,
Itasca County Board of REALTORS® (Grand Rapids) , St. Cloud Area Association of
REALTORS®
Southeast Minnesota Association of REALTORS® (Albert Lea,
Austin, Owatonna, Rochester and Winona) REALTOR® , Association of Southern
Minnesota (Mankato, Fairmont, New Ulm and Windom), West Central Association of
REALTORS® (Willmar), Minneapolis Area Association of REALTORS®, North Metro
REALTORS® Association, St. Paul Area Association of REALTORS®, Southern Twin
Cities Association of REALTORS®, Western Wisconsin REALTORS® Association.
ONE OF OUR OWN…
Tom Waseleski is one of our own. Tom lives in Pengilly with
his 3 children, Tom Jr., Michael, and Susan. Tom is the heart of the glass
business at Beltline Body & Glass in Hibbing. He offers glass replacement
for all vehicles, deals with all insurance companies and offers a mobile
service. For all the residents of Pengilly, Tom will either have your vehicle
picked-up or will come right on site to replace your glass (if weather
permits). Don’t hesitate to give him a call at 263-8711 or on his mobile, 966-2818.
What else should you know about the Waseleski family? They are racers, Late Models, and have
enjoyed great success on the racetrack!Dad started in the ‘80s, Mike and Tom Jr. started racing last year,
sharing a car they purchased together. They modify their own cars and this year
they will have their own car, all racing against each other. What a
thrill! Join them, starting in May, at
Hibbing Raceway. The Waseleski’s are always looking for sponsors. Don’t hesitate
to give them a call.
Cheers to one of our own!
Finding every tax deduction for which you qualify is like
finding money. For your home, the following deductions could cut your tax bill.
Mortgage interest
Real estate taxes
Points paid by you on a new home loan
Points paid by seller on your behalf
Points paid on refinancing (pro rate over life of loan)
Remaining un-deducted points on refinancing when you
refinance again or pay off the loan
Home office expenses, if you qualify
Home improvements done for medical reasons to extent
home’s value isn’t increased
Costs of moving to a new home if your move is job-related
and meets qualifications
Furthermore, did you know that there is no tax on gain of
$500,000 (per house) for married couples or $250,000 for a single person if you
have owned and occupied for at least 2 of the last 5 years prior to the sale of
your home. Change of employment, health or other unforeseen circumstances may
entitle you to pro rate exclusion if it is less than two years. Note that the
exclusion is unlimited and that both spouses must occupy the residence but only
one spouse must own.
Any gain over the amount of $500,000 for married and
$250,000 for a single person is taxed at a maximum of 15% if owned for more
than 12 months.
See your accountant or tax person for more information about
the above subject as situations may vary.
