Owning Makes More Sense

Monday, July 16th, 2018

When comparing the cost of owning a home to renting, there is more than the difference in house payment against the rent currently being paid. It very well could be lower than the rent but when you consider the other benefits, owning could be much lower than renting.

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July Newsletter

Wednesday, July 11th, 2018
Ashley Nunamaker-Bello

We’ve been hearing the question a lot how’s the market? Things are still busy. Closed sales this last month           increased by 50%. Majority of sales that closed in June are homes that went under contract in April & May. Currently there are 43 homes pending (have an accepted offer). Inventory has slightly increased and we do have more inventory compared to last year at this time. Interest rates have been fluctuating these last couple of months, but comparatively to last summer they are higher. Days on market have also increased, where last year at this time the average days on market was 49 days versus currently 62 days. Overall it is important to know as a Buyer and Seller the market has changed from last summer, but is still very competitive.  If you have any questions or would like specific information on a listing, please feel free to give us a call.

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Acquisition Debt is the amount of money borrowed used to buy, build or improve a principal residence or second home. Under the new tax law, mortgages taken after 12/14/17 are limited to a combination of $750,000 on the first and second homes. The mortgage interest on this debt is tax deductible when itemizing deductions.

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Unexpected Expenses

Monday, July 2nd, 2018

It's common for Sellers to consider offering a home warranty or protection plan to make their home more marketable. A growing number of homeowners are now purchasing this type of protection for themselves to limit the unexpected expenses of repairs and replacements.

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Don't Let a Killer In

Monday, June 25th, 2018

Carbon monoxide is a silent killer you don't want in your home but because it is colorless and odorless; you may not even be aware the deadly condition exists. The Center for Disease Control says more than 400 people in the U.S. die annually from carbon monoxide poisoning and over 10,000 require medical treatment each year.

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Waiting Will Cost More

Monday, June 18th, 2018

An economist responded when asked how interest rates would change: “They may fall some and then, rise and after that, they’ll fluctuate.”

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The Tax Difference in Second Homes

Monday, June 11th, 2018

A principal residence and a second home have some similar benefits, but they have some key tax differences. A principal residence is the primary home where you live and a second home is used mainly for personal enjoyment while limiting possible rental activity to a maximum of 14 days per year.

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June 2018 Newsletter

Monday, June 11th, 2018

We saw inventory in Hood River County creep up this last month, which is typical this time of year. However, we are expecting inventory levels to be slightly higher this year compared to last year. Summer is beginning, the market is still hot. It doesn’t appear to be as hot as last year and has shown signs of more of a balanced market (versus Seller’s market) based on days on market, inventory levels & interest rates, but things are still moving and it is       important to act quickly. This week was the start of the re-build of the Children’s Park it has been great to see the community come together to help - they are still in need of some volunteers if you have time available!  If you have any questions or would like specific information on a listing, please feel free to give us a call.

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When Neighbors Don't Seem to Care

Monday, June 4th, 2018

A home that isn't being maintained like others in the neighborhood can negatively affect your visual sense of appeal and in some extreme cases, even affect property values. It might be an overgrown yard, a fence in need of repair, excessive noise, unruly pets, paint peeling on the home or even a car or boat parked in front of the home that hasn't moved in weeks.

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Flag Protocol

Monday, May 28th, 2018

The American flag is obviously a symbol of our country but it has come to remind us of every man and woman who has fought for the freedom that we enjoy. The emotions that are stirred by images of our flag can run from happiness to sadness to trust and everything in between.

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