Exciting News: Prudential Real Estate & Relocation Acquisition by Brookfield Creates An Industry Powerhouse

Late yesterday afternoon it was announced that Prudential Real Estate & Relocation was acquired by Brookfield Residential Property Services, a global real estate and relocation company.

Brookfield is a premier organization with real estate in its DNA and over $150 billion in assets. Businesses include residential brokerage, global employee relocation and data analytics. This transaction creates a global real estate and relocation services company operating in the US, Canada, Mexico, Portugal, China, Brazil, India, France, Australia & Singapore, and our relocation company DOUBLES in size as a result of the sale.

While this certainly will bring exciting changes and opportunities, we will continue to operate as Prudential Northwest Properties, provide the same exceptional level of service to our clients, and use the great tools and systems that continue to benefit our brokers and clients.

Earl Lee, the president of Prudential Real Estate & Relocation Services, is taking an expanded role in the combined companies, and his enthusiasm and excitement are contagious. In his own words from twitter yesterday, “1+1=3 Brookfield Residential Property Services & Prudential Real Estate and Relocation Svcs: 2 fine companies now form an even better one.”

This historic announcement positions two industry leading companies across the globe, and creates the 3rd largest residential real estate brokerage in North America, and the world’s second largest relocation services provider.

Jason Waugh, President & COO

We’re very excited about what the future brings!

If you have any questions, please don’t hesitate to contact Prudential Northwest Properties president Jason Waugh @ jjwaugh@prunw.com or 503-350-7248.

 

 

 

 


Top 5 Tax Moves to Make by December 31

As December begins and the holiday season and spirit of giving move into full swing, why not make a few tax moves now that could give you added savings when you file your 2011 tax return? The year-end is an ideal time to lower your 2011 tax liability and increase the size of your refund when tax time arrives early in 2012.

There is still time for a final push to claim several tax benefits before 2011 winds to a close. Many taxpayers will be doing things like giving to charities and pre-paying January tuition, but the key is knowing how these and other common expenses may count as tax deductions if you qualify. There are five key considerations taxpayers should be thinking of before December 31 to reduce taxable income and increase deductions or credits to claim:taxes

1. Save more for retirement – By increasing retirement plan contributions, you can reduce your income for tax purposes. Taxpayers can contribute up to $16,500 to a 401(k), 403(b) or Federal Government Thrift Savings Plan; those over age 50 can contribute an additional $5,500.

2. Prepay January payments in December – Taking care of your January mortgage payment, 4th quarter state tax estimate, or winter semester tuition now lets you claim these payments on your 2011 tax return.

3. Get to the doctor! – If you are holding off on a major medical procedure until after the holidays, stop procrastinating and make an appointment now to increase your 2011 medical expense deductions.

4. Give to charity – Giving cash and non-cash donations to charity can give back on your taxes. And volunteering time counts too, which means the more than 80,000 volunteers who lent a helping hand to the Joplin, Mo. tornado victims may be able to deduct their out-of-pocket expenses on a tax return.

5. Save energy, save $500 on your taxes – If you are planning to buy an energy-saving, hot water heater or install energy efficient windows or insulation to your home, do it now. Up to $500 in credit may be available for making energy-related home improvements.

Please speak with your tax professional for clarification on any of these suggestions.

Source: www.jacksonhewittonline.com


For Shari Newman, Volunteerism Spreads Worldwide

Shari NewmanLake Oswego real estate Broker Shari Newman was recently featured in a Lake Oswego Review/West Linn Tidings story about her extensive volunteer efforts, both locally and abroad.

Shari, thank you for your commitment to serving others. You make such a positive impact on the lives of people you touch and we’re proud to have you on the Prudential Northwest Properties team.

Click here to read the article.

 


Medical Teams International Serves 200,000th Dental Patient

MTI mobile dental van

Bert Waugh, Jr. and Jordan

Prudential Northwest Properties Chairman Bert Waugh Jr., founder of the non-profit Transitional Youth organization and former Chair of Medical Teams International, is on hand in the Mobile Dental Van with MTI’s 200,000th patient, a Transitional Youth ‘Home on the Range’ resident by the name of Jordan.

Medical Teams International and Transitional Youth are working together to provide dental care services for local homeless and at-risk youth.

To learn more about Transitional Youth, please visit www.TransitionalYouth.org.


Safety Tips for Deep Frying Turkeys During the Thanksgiving Holiday

The Thanksgiving holiday weekend has become responsible for more cooking related fires and accidents than many other times of the year. In recent years, a new and popular nation-wide trend for Thanksgiving dinner is deep fried turkey. This method has been introduced and shown on cooking television shows and in popular recipes. The draw to a deep fried turkey is the recipe’s ability to create a cooked turkey that is not dried out, as can happen with the traditional method of oven cooking a turkey.

Even if you follow the deep fryer instructions, the practice of deep frying a turkey can be dangerous as it involves submerging the turkey in two to five gallons of oil or fat heated to 350 degrees Fahrenheit. It’s important not to overheat the oil or the vapors could burst into flames. It is also important to maintain the proper level of oil—if the oil level is too high it may over flow and ignite, which can quickly create a large fire. There is also the possibility that the fryer could tip over, spill or splash causing a risk of ignition and burn injuries.

Here are a few safety tips for deep frying turkeys:

• Following the deep turkey frying mechanism manufacturer’s instructions is an important start.
• Keeping children away from the deep turkey fryer, open flames, propane tanks and similar hazards is always good practice.
• One should never use a deep turkey fryer indoors or in an enclosed area. Using the device outdoors and away from combustible or structural components, such as decks, can help avoid flare-ups.
• A deep turkey fryer or similar device should never be left unattended.
• Ensuring that the deep turkey fryer is secure and on a flat surface, can reduce the risk of the device tipping over.
• Great care when handling the lid, side handles, or the pot should be used. These will be extremely hot and may pose a burn or tipping hazard.
• If a deep turkey fryer does ignite, water should not be used to douse the flames. Calling the fire department and/or using an ABC dry chemical fire extinguisher should be the first step in such an emergency.

According to the National Fire Protection Association (NFPA), Thanksgiving Day records the most home cooking fires in the United States. With these safety tips, you can prevent a fire from happening in your home.

Our best wishes for a safe and happy Thanksgiving holiday!

Source: All Hands Fire Equipment


Maintain Your Fireplace and Keep It Safe

Homeowners are now getting ready to put their fireplaces to good use. Heed the following safety tips to help aid in the prevention of chimney fires and carbon monoxide intrusion, and to help keep heating appliances and fireplaces functioning properly.

1. Get an annual chimney check. Have chimneys inspected annually, and cleaned as necessary, by a qualified professional chimney service technician. This reduces the risk of fires and carbon monoxide poisonings due to creosote buildup or obstructions in the chimneys.

2. Keep it clear. Keep tree branches and leaves at least 15 feet away from the top of the chimney.Maintain your fireplace

3. Install a chimney cap to keep debris and animals out of the chimney.

4. Choose the right fuel. For burning firewood in wood stoves or fireplaces, choose well seasoned wood that has been split for a minimum of six months to one year and stored in a covered and elevated location. Never burn Christmas trees or treated wood in your fireplace or wood stove.

5. Build it right. Place firewood or firelogs at the rear of the fireplace on a supporting grate. To start the fire, use kindling or a commercial firelighter. Never use flammable liquids.

6. Keep the hearth area clear. Combustible material too close to the fireplace, or to a wood stove, could easily catch fire. Keep furniture at least 36” away from the hearth.

7. Use a fireplace screen. Use metal mesh or a screen in front of the fireplace to catch flying sparks that could ignite or burn holes in the carpet or flooring.

8. Install smoke and carbon monoxide detectors. Place detectors throughout the house and check batteries in the spring and fall. When you change your clocks for Daylight Savings Time, remember to check your batteries.

9. Never leave a fire unattended. Before heading to bed, be sure that the fire is fully extinguished. Supervise children and pets closely around wood stoves and fireplaces.

For more information, visit www.csia.org.


Kudos to Lorre Jaffe, elected CCAR Director for 2012

Lorre Jaffe

Lorre Jaffe, Designated Broker & Longview Branch Manager

Lorre, the Designated Broker and Branch Manager of the Prudential Northwest Properties Longview office, was elected to one of two Director positions on the Cowlitz County Association of REALTORS Board of Directors for 2012.

Congratulations on your new leadership position, Lorre! We appreciate your efforts to give back to our industry and we’re proud you represent Prudential Northwest Properties.


Western Region of U.S. Leads In Sales Activity

The National Association of Realtors® is reporting the Western region of the United States continues to lead the rest of the country with the highest level of real estate activity for pending sale contracts. This is good news for Oregon and Washington residents as we head into the busy Fall season. Pending home sales were up almost 14.4% across the country in July 2011 compared to the same time period a year ago.

 

Is this positive news for the real estate market and a sign of things possibly turning around?

Lawrence Yun, NAR chief economist, said “The market can easily move into a healthy expansion if mortgage underwriting standards return to normalcy. We also need to be mindful that not all sales contracts are leading to closed existing-home sales. Other market frictions need to be addressed, such as assuring that proper comparables are used in appraisal valuations, and streamlining the short sales process.”

To read the full report from the National Association of Realtors®, CLICK HERE.

 

 


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