Tips And Tricks For Doing A More Effective Home Search
Home Search Efforts The first step in buying the home of your dreams is to do a detailed and complete home search. Working with an experienced and knowledgeable realtor is the best way to ensure that your home search is successful, comprehensive and rewarding. Here are a few tips and tricks for getting the most out of any home search effort. For example, always research a property well long before you go and take a look. This will help you to decide whether or not the property has the features that you want and whether or not the neighborhood will suit you the best. List Your Priorities In addition, it is always recommended to be realistic when doing a home search. While being picky is not necessarily a bad thing, being unrealistic with your expectations could present certain problems. In other words, there is really no such thing as the exact perfect home. List your priorities and try to find a home that has the most number of attributes that you are searching for in a piece of property. Equally important is to make sure that your finances are in order before searching. Check your credit report and make sure that you have enough money in savings to cover any earnest money deposit and down payment as well as closing costs. Moving Timeline Getting prequalified for a mortgage can make the entire process less stressful and help to expedite the closing on your new home. Searching with a prequalification or preapproval letter in hand will help you to avoid disappointments. This is especially true if you find the house that you want only to discover that it is not affordable. Another important factor to consider is your moving timeline. Those renting must time the move with the end of any lease and the closing date on their new home. It is also a good idea to determine early on whether you are looking for a starter home or something more substantial. The House Of Your Dreams Finally, regardless of the condition of the home that you find and even if the home is new it is highly recommended to have a complete professional home inspection performed. It is also good practice to request a warranty from the seller to cover any unforeseen defects for at least one year or longer. Consider all these important tips when conducting a home search for the house of your dreams. Working with an experienced and dedicated realtor in Anacortes can also improve your chances of finding the right Anacortes home and closing the deal in record time. About Nicole Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities. Read our latest Press Release Twitter Hash Tag #RealEstateInAnacortes Follow Nicole Haun on Twitter @HomesAnacortes
Skagit County Continues to Experience Record Increases in Home Prices
Demand for Homes Throughout the Region This is generally good news for both buyers and sellers throughout the region because it shows the area to be high in demand and quite popular. In short, the demand for homes throughout the region has outpaced inventory for the past 18 months. Skagit County’s market has been particularly active in recent months. Indeed, the median home price throughout the first quarter of 2017 has increased faster than almost every county in the Puget Sound. Homes are at a Premium While Inventory Remains Low Skagit County experienced a 14% increase year-over-year in home prices as compared to a state average of around 12%. While there are debates about the reason for this continued increase, one thing is sure and that is that homes are at a premium while inventory remains low. The good news is that motivated buyers working with an experienced and knowledgeable Skagit County realtor will still have an excellent opportunity to find a quality home at an affordable price. Choosing to Commute to Seattle As a matter of fact, Skagit County is considered by many to be one of the most affordable places to live in the region even in light of recent price increases. Many people today are choosing to commute to Seattle and even to Vancouver Canada from Skagit County because of its incredible affordability as compared to other counties in the state. Anacortes is another area that has experienced some of the highest median prices for homes in Skagit County. With a growing number of active-duty military being based at Whidbey Island Naval Air Station, homes are continually snapped up quite quickly. Greater Popularity Even with Somewhat Higher Home Prices Anacortes is particularly popular to naval personnel because of its highly rated public schools and easy access to I-5. While Whidbey Island and the city of Oak Harbor is probably more affordable, Anacortes enjoys greater popularity even with somewhat higher home prices. It is also important to note that builders across the state are responding to a shortage in inventory by building more homes in the first quarter of 2017 than was the case the same time last year. Contact Nicole Haun today to learn more about affordable Anacortes housing that is always impressive. About Nicole Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities. Read our latest Press Release Twitter Hash Tag #RealEstateInAnacortes Follow Nicole Haun on Twitter @HomesAnacortes
Secret Real Estate Tax Tips that can Save you Money
It is a proven fact that those who have accumulated substantial wealth are better able to maintain their wealth simply by taking advantage of tax credits and tax breaks. Tax benefits can be derived not only from smart general income tax preparation but also highly efficient real estate tax preparations and considerations. In many cases the most tax benefit can be gained by owning a second home or an investment property as opposed to a primary residence. Investing in Anacortes real estate is an excellent way of building wealth especially when real estate tax implications are considered and effectively maximized. Safe Harbor Rules The first example of a way to save money when it comes to real estate taxes is to take full advantage of all safe harbor rules. This suggests that if you are the owner of a second home, it may be worth renting out the property especially if it is not being used. Tax rules vary based on how long an owner uses their home in terms of total number of days per year. Talk with your tax professional to find out the specific rules as they apply to safe harbor. Depreciation of rental property is another key consideration that should never be overlooked. The IRS views a rental property as a business expense. Depreciation Losses As such tax rules allow a property owner to deduct depreciation losses for a specific time span. This is another case where talking with your tax professional can help you to determine how best to target depreciation write-offs to save money on a real estate investment. One important concept when it comes to depreciation is that houses typically appreciate in value as opposed to depreciate. This is a key idea in that as a property value increases depreciation actually never takes place. As a result, property owners save on taxes and profit on the value of their home as it's worth rises. 1031 Exchange Rule Equally important is to take full advantage of what is known as the 1031 exchange. When a property owner sells a rental property they can avoid paying any capital gains by simply reinvesting the proceeds of the sale into the purchase of another property that is more expensive. This rule can be complicated and that is why is important as stated earlier to always consult with your tax professional. The 1031 exchange rule can help property owners maximize the value of their real estate investments while avoiding the danger of eroding capital by having to pay the IRS capital gains taxes. Consider these simple yet important tips on how to save money on taxes as a real estate investor. Contact Nicole Haun today to learn about more investing in real estate in Anacortes Washington. About Nicole Contact Nicole Haun today by visiting Realestateinanacortes.com and filling out our simple online contact form. We offer access to a wide range of Bow WA multiple listings as well as homes for sale in Mount Vernon Washington and many other surrounding communities. Read our latest Press Release Twitter Hash Tag #RealEstateInAnacortes Follow Nicole Haun on Twitter @HomesAnacortes
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