Have a wonderful start to summer!
Have a wonderful start to summer!
New home sales hit highest level in 9 years!
Millennials still believe in the homeownership dream even if they can’t afford to buy
Housing market across the U.S. finally starting to look healthy
Salary needed to buy a home in 19 major U.S. cities
Tips for staying out of debt
Calculate how much house you can afford
King County’s eco-remodeling tool provide tips for going green for your next home renovation
Four colors that may hurt a home’s sales price
7 percent of Puget Sound homes are underwater, compared with 12 percent nationally
A teardown a day: Bulldozing the way for bigger homes in Seattle, suburbs
BLS stats show Seattle-Tacoma-Bellevue is #7 Metro area for fastest job growth
What does Vancouver’s housing market implosion mean for Seattle?
Seattle home-sale market provides small hint of slowdown
You need an annual salary of $83K to afford a home in Seattle
Everett welcomes the film industry, an important economic driver for local businesses
I hope your week is a great one!
Jen Murrweiss | Remax Elite | 425-422-7243
Happy Friday! I hope you enjoy this Real Estate round up of our area and other interesting articles plus some fun stuff too.
REAL ESTATE news
Real estate getting bubbly but unlikely to pop, Seattle “is on fire across every sector”
Number of million-dollar homes in Seattle area has tripled since 2012
U.S. existing home sales rise for a second straight month
MORTGAGE & FINANCE news
3 financial apps that will transform how you manage money
Will Millennials ever be able to retire?
The 7 biggest investment mistakes celebrities make
10 tips for budget-friendly lawn care
7 weird ways to stay cool this summer
Massive frozen food recall in Washington State
Seattle No. 3 on top 25 best cities to find great jobs
Seattle to host 2018 Special Olympics
Is Seattle a better bicycle city than Portland?
Seattle homes selling faster than anywhere else in the U.S.
Seattle growth was 11th fastest according to just released Census data, now 18th on list of biggest U.S. cities
Facebook unveils Frank Gehry design for its new South Lake Union offices
Snohomish County looking to increase bike tourism
Snohomish county offers top teacher salaries in the state
City of Edmonds to develop an affordable housing strategy by 2019
WEEKLY DOSE OF awesomeness
House made from cardboard for is not your kid’s refrigerator box
Have a spectacular weekend everyone!
REFERRAL RECOMMENDATIONS FOR CLIENTS
An inspector I use, and highly regard, composed this list on tradesman he has used and trusts. If you click on the below link it will bring you a “tool box” in alphabetical order of almost every type of service, you could need in the Puget Sound area. Click here
Below are some that I (with the *) have used, recommendations from other agents and our area neighborhood recommendations.
General Contractors Handy Man
House Cleaning Service
Windows and glass replacement and insulation
Have someone you would recommend to a friend? Let me know I am always looking for great people to recommend. As I love to recommend great people and services please remember me for your Real Estate needs or those of your friends and family.
I am never too busy for your referrals!
Jenifer Murrweiss REMAX Elite Realtor Consultant 425-422-7243
Looking to buy? Looking to sell? Or know of anyone who might? I am here to personally assist you. Giving exceptional service and donating to Seattle Children’s on your behalf. Join my growing group of clients involved in helping families when they need it most. show less
Snohomish County Homes INC.com
With Tax Season coming to a close and all that paper everywhere do you feel like just throwing it all up, away or into the fire? Boy I know I do but, we have to keep some important docs and I hope this list is a good reminder.
Tax returns- 7 Years– Keep tax returns and all supporting tax docs, including W-2’s, 1099 forms, property tax info, bank statements, mortgage interest statements, cancelled checks, receipts, home purchase and home improvement info.
Paycheck stubs– 1 Year
TAX TIP: The 121 Exemption When Selling Your Home
The reason to do a 1031 exchange is to avoid capital gains taxes on investment property. Almost once a week I get asked about the sale of a primary residence. When you sell your home, you have an exemption from most capital gains taxes. A great resource to get more details about that is an IRS Publication, updated annually, called Selling Your Home (Pub 245). You could go to IRS.gov to download that.
In short, there is a 121 Exemption for capital gains taxes up to $250K per individual or $500K per married couple filing jointly. You do have to have lived in the property as your primary residence for 2 out of the last 5 years, and you can only take this exemption, once every 2 years.
This has been used in a long term strategy to avoid paying capital gains on rentals by converting the property from investment to primary residence. The IRS got wise to this strategy and put some constraints on this.
It could still be part of a plan, but reach out to your tax advisor with questions and see if this is an option for you
Most all roofs can, and will develop leaks in them; and a simple home inspection won’t guarantee to find them all. Leaks normally start as very small crevices or cracks, without the homeowner’s knowledge. In the early stages of a leak only small amounts seep through the crack, this is not a sufficient amount to alert the homeowner as it doesn’t travel through all the layers of the ceiling.
It is recommended that you have your attic, and roof thoroughly checked twice a year for such leaks. The most common source of leaks is flashing as they are often overlooked when repairing/replacing the roof, so be sure to inspect your flashing from time to time.
When it comes to home maintenance, your garage door might not be at the top of your list or even on it at all! However regular maintenance could save you headaches down the line, and the following tips may help keep your garage door working properly for decades to come. Applying a solvent like WD_40 to the roller tracks, and latches should prevent them from sticking over time due to rust and corrosion. While you’re there examine each component and replace any bent or broken parts as needed. Also be sure to apply some lubricant to the garage door opener if it is operated by a chain or drive screw. Wooden garage doors should be sealed and painted on a regular basis, and DIY network suggest caulking all cracks. Also, check the weather sealant at the bottom of the door and if it is damaged, replace it before the rainy season.
About.com recommends adding garage door maintenance to your yearly maintenance schedule. Spring or autumn are perfect times to make a date with your garage door, in between the harsher weather periods.
Finally this is one I see homeowners forget a lot. Your HVAC system worked very hard last winter. Have it inspected and cleaned by a professional HVAC contractor and keep those filters changed for the spring and summer months as well.
Get it done and enjoy the spring!
We need sellers!!! Now that spring is almost here and rates are very low buyers are out in force! I just put an offer for a home buyer that had 14 offers on it in one day! Ouch, talk about competition. So what can you do to get your home ready for the spring selling season? Gain some knowledge and gain an advantage with my ideas and the link (5 ways spring home sellers can gain an edge ) for a few more.
Here are some simple upgrades to increase your home’s value for my clients
You don’t have to spend $$$ thousands of dollars $$$ to add value to your home.
Change fixtures and hardware. This adds appeal and newness quite easily. If you’re selling your home a new mirror in the bathroom and new fixtures can make a huge difference. Upgrade sinks, showerheads and faucets to newer water conserving models in sleek finishes. Sorry folks but brass is dated and out! Make sure all light bulbs work! If wanting a remodel on a larger scale replace cabinets, windows and doors. New molding that’s been painted also really pops out.
Declutter. Clean and organize storage areas including the attic and garage. Look for Rubbermaid bins on sale, fill them up and stack neatly in the garage or a closet. You will be clean and ready to move. This is also an ideal tip before a showing your home to a prospective buyer. Each family should have their own bin and before a showing just quickly put everything that is out in. Believe it or not organization adds tremendous value. Keep kitchen and bathroom counters clear. Cleanliness gives your home more room and a newer feeling that a buyer will appreciate.
Replace appliances. From the stove, refrigerator, dishwasher to the washer and dryer (if leaving) upgrading appliances to newer energy efficient models adds instant value and convenience not to mention Earth friendly.
Spiff up landscaping. Ever hear of curb appeal? An ugly front yard can torpedo your home’s value. Add flowers to add color. A study was done on homes for sale in which red flowers were used on the front door step. These homes sold faster and were more appealing to the client. You can also add path lighting for style and safety. Dust off the exterior. Gutters, siding and windows are often forgotten. Clean them! Crud cutter is wonderful for cleaning off gutters and getting the grime off. Also, make sure everything is properly sealed and in good shape. It looks better and helps conserve energy.
The more you do prior to selling the less the buyers will ask for in an inspection. Preventative maintenance is one of your biggest selling advantages. If not it will become a costly nightmare. What you may have been able to do yourself now has to be done by contractors; as all receipts are needed with documentation in the middle of the selling process. Not to mention you are trying to meet deadlines and make the buyers happy so they don’t just completely walk away from the transaction.
Let me give you an example: I was helping a seller of mine prepare his rental house for putting on the market. I gave them a hand out sheet to go over and check all main components plus attics, crawl space, roof ect. Even with all my advice they did not feel it necessary to check the crawl space. Huge mistake on this one. There was standing water in the crawl space and even though he paid thousands of dollars to rectify the problem it didn’t matter the buyer’s walked. The repairs had to be done and documented then we had to disclose to a new buyer. He ended up coming down $5000 and paid at least $4000 in repairs. DON’T LET THIS HAPPEN TO YOU!
Finally let my team assist you in the process and we will get your home SOLD, SOLD, SOLD!