Contributor to HGTV Dream Home
Hi, it’s Mary here. Tell me what you’re thinking right now. I’m sitting in my living room watching the giveaway show. So exciting!
Mary is a contributor to HGTV Dream Home.
Posted at 7:28 pm
Hi Kristine, I would love to answer any questions you may have. I am licensed in California, Arizona and Utah to help financially advise people in those states. I don’t have a myspace nor a facebook page. But I do have a blog on blogspot.com and you could just click on my name below to find me. You can even look me up in the UT, CA, or AZ Department of Insurance database… just google it and you can find me. HGTV doesn’t allow anybody to post their contact info so you’ll have to do a little research to find me.
Congrats to the winners, I wish the best to them and hope that they can keep the house and enjoy it for a very long time in retirement.
And a side note to Louie… when they go to closing and sign the papers to take ownership of the home that is when they will have to pay any fees and/or taxes due. Last time I bought a house in CA I had to pay part of the taxes on that day. In this case that would make HGTV responsible for 1/4 of the 2009 real estate taxes and the winners are responsible for the other 3/4 of it. And any house that is owned for less than 2 years or if its not your primary residence then it’s considered an investment property. The winners already have a home in Florida, and most likely won’t be able to sell it in time to take over ownership by the date HGTV chooses. Capital Gains tax will have to be payed unless they do a 1031 exchange and use all the gains to buy another house. I deal with Finances every day and I know what I’m talking about.
ok…you have got to get someone else to do this give a way. “How do you feel at this moment” question got old. It’s so PCH!
Other then that, congrats to the winners and best of luck.
All of the DreamHome winners, no one has been able to pay the taxes on their new home and they have all given it up
Kevin, the past Dream Home winners that we on the message board have heard from, said they did not have to pay the taxes on their DH until the NEXT year. Like the taxes for DH08 are due THIS April 15th.
HGTV pays NO taxes on the Dream Homes at all. I Know this for a FACT!!
The winners will have to pay insurance before they can spend the night there.
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What will be the IRS taxes due on the 2010 giveaway?
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