4 Reasons to Sell Your Home This Fall

4 Reasons to Sell Your Home This Fall 

  1. Buyer demand is still strong
  2. There is less competition now – supply and demand
  3. There will never be a better time to move up
  4. Its time to move on with your life

Watch this video to hear more about why I think you should sell.

 

 

Posted on October 17, 2019 at 5:20 pm
Denise Perkins | Category: Bellevue, Bothell, Denise Perkins, Eastside, Fall, Helpful Home Tips, Home Sweet Home, In the News, Kenmore, Market Stats, North Kirkland, Redmond, Snohomish, Snoqualmie, Woodinville | Tagged , , , , , , , , , , , , , , , ,

Community Connect at First & Main Design Center 

I am excited to host my first Community Connect event at my close friend, Chelsea’s, store — First & Main Design Center on October 3rd! First & Main is located in the recently refreshed downtown Bothell and offers an eclectic combination of beautiful new designer furniture, unique, one of a kind vintage and reinspired salvage pieces and variety of housewares and gifts.  It’s not your typical furniture store — with Interior Designers on staff they can help you choose a piece of furniture and then help finish off the room — paint, accessories,  rugs, etc.

This event will be great opportunity to learn more about this great store, what it has to offer and to Meet the Designers!   No matter your decorating tastes or goals, onsite designers will help create the perfect look for you.  You will be able to  Grab a 15 minute complimentary time slot to chat with a designer about an area in your home that you would want to see refreshed.   So come join us to celebrate this amazing woman owned business — enjoy some wine, snacks and get some great ideas for your home!

Date: Thursday, October 3rd.

Time: 7:00pm to 9:00pm

Location: First and Main Design Market – 10100 Main St Bothell, WA 98011

https://www.firstandmaindesign.com/

Questions or to sign up for a time contact me at deniseperkins@windermere.com

A little bit about Chelsea, she was born and raised in the Seattle area, grew up in Kirkland and married a Navy man. She and Kevin set off for over 15 years of different states and cities. When Kevin retired Chelsea knew she wanted to move back to the area and settled on the cute community of Snohomish. With it’s small town feel yet still being close enough to the city, Chelsea, Kevin and her two sons had found their community.

When they were ready to buy — Chelsea called me because she had been “stalking” a home for weeks that looked like it had a lot of potential.  She really wanted to see it!  The same owners had owned the home for over 20 years — and needed some updating.  But since Chelsea is an interior designer she was actually excited of the possibilities of what this home could become.   Now 4 years later they have settled into an amazing community — and glad to be back “home.”

So glad, that she recently opened her own Furniture and Interior design store First & Main Design Center in the neighboring community in downtown Bothell, another growing and vibrant area.   If you’re looking at homes and see “potential” but aren’t sure how to make it a reality the designers at First & Main Design center can help you with your vision and can make it a reality.  Most times finding the right community outweighs the numbers of bedrooms and baths.  It’s easy to make a home your own with a little help!

Posted on September 19, 2019 at 5:16 pm
Denise Perkins | Category: Bothell, Denise Perkins, First and Main Design Center, Furniture, Helpful Home Tips, Holidays, Home Decor, Home Sweet Home, Kenmore, Things to Do | Tagged , , , , , , ,

Summer Bucket List

So here we are… August! How has the summer been going? If you have no travel plans and looking for some ways to stay busy in your community — we’ve got some fun ideas to keep the momentum for the next few weeks till school starts. So, I am finding this list a great way to keep things simple and occupy them as the big day gets closer.
Here are a few of my favorites:
– Have a YES day!
– Learn how to make friendship bracelets.
– Super community focused —  Get a paper map of your city and push pins. Plan out the places you’ll visit with the kids, and after you’ve done so, let them pin the location. At the end of the summer, it’ll be fun to see all the places you saw and did together.
– Take a picture a day and print out an end-of-summer photo album.
Let me know which ones you love!
Posted on August 14, 2019 at 2:39 pm
Denise Perkins | Category: Bellevue, Denise Perkins, Eastside, Helpful Home Tips, Home Sweet Home, Kids, Snoqualmie, Things to Do, Woodinville | Tagged , , , , , , , , , , , , ,

2nd Quarter of 2019 is complete!

This is a brief summary of the Quarterly Gardner Report.

Things are still seeing positive growth from a Real Estate perspective.

In Western Washington YOY price growth is 2.8% higher. When compared to 1st Quarter it’s 12%. County by County is a bit different – for King County we saw a -0.4% price drop. This speaks directly to the affordability in that area. Days on market is still relatively low (21 Days in King County) and if a home is priced and marketed well – it will attract attention and sell rapidly. One strong take away is that interest rates are still at an all time low – with inventory up this is a great time to buy. And for those needing to sell before you can buy contingent offers are a viable possibility again!

Posted on August 7, 2019 at 6:23 pm
Denise Perkins | Category: Bellevue, Denise Perkins, Eastside, Helpful Home Tips, Home Sweet Home, In the News, Market Stats, North Kirkland, Redmond, Snoqualmie, Woodinville | Tagged , , , , , , , , , , ,

The Cost of Waiting!

Interest rates are at a two year low. Who knew!

There have been so many predictions over the past several  years that rates were headed higher and higher and while they have fluctuated a bit – today it’s like free money! Our economy as well as the real estate market is unpredictable.  But one thing is for certain, if you are or were on the fence about buying – either for the first time, selling and getting a bigger house or even ready to downsize and get into your retirement home – now could be a great time to make that happen.  Most markets in our area are still great for sellers if the home is marketed and priced accordingly – and inventory is up (24.5% as of May) which means more for buyers to choose from.

Multiple offers are still the story again in some markets – but with more to choose from it’s doesn’t seem as frenetic.  So why does all this hub-bub matter when it comes to interest rates – well it really can effect what you can buy.  BUYING POWER is the answer – and with low interest rates you can afford more.  And in our area – that makes a big difference.   Which brings me to the information seen here – it’s a great depiction of what waiting, or what a changing interest rate can mean to you and your bottom line.

So when you’re ready to talk about finding your next community – let’s chat – I can help!

Posted on July 24, 2019 at 11:22 pm
Denise Perkins | Category: Denise Perkins, Eastside, Helpful Home Tips, Home Sweet Home, In the News, Market Stats, North Kirkland, Redmond, Snoqualmie, Uncategorized, Woodinville | Tagged , , , , , , , , , , , , , , , ,

What’s Happening in the Market?

Wanted to quick share what’s happening in the Market. It’s been ticking up every month since February and is gradually catching last years numbers after the 4th quarter dip of 2018.  Market times are down again and pairing that with sub 4% interest rates it is making the prospects of buying vs. renting very enticing! Sellers are now seeing increased traffic, but are also competing with additional homes for sale. Location, Location, Location is still the theme of todays market and the hotter marketplaces in June has been North Kirkland (Finn Hill), Mercer Island and Renton.

Click here to see the the stats in your area for June 2019

 

Posted on July 10, 2019 at 10:22 pm
Denise Perkins | Category: Denise Perkins, Eastside, Helpful Home Tips, Home Sweet Home, In the News, North Kirkland, Redmond, Snoqualmie, Woodinville | Tagged , , , , , , , , , ,

Forget the cart… shop local online

Let’s face it!  You’re busy…heck we’re all busy.  And in the case of shopping — technology is your friend.  I’ve been wishing this new shopping and pick up thing was available for years.  Mostly when my kids were little — who wants to take three kids into a store and roam the isles!  EEK! But I guess better late than never.   Many of us have tried online grocery shopping but it seems there is a new alternative to this.  I can still shop at my  local grocery store then pick it up — it’s all ready and waiting for you in a designated spot in the store.  Even better —  having fresh produce delivered to your front door? There are so many great options for this (see below).   It may take a few times to get your online ordering skills on point but let me tell you, it’s so worth it! Your orders will be saved and the next time you shop you can just click click click on the items you need and love and you’re done. Another bonus —  coupons are more accessible and it’s easier to take advantage of additional savings while shopping this way. With so many local grocers offering this service, whether it is delivery or pick-up, this will save you time and these days, time is money so it is a win win!

https://www.fullcircle.com/

Located in North Bend this is a great option for your produce. Farming organically since 1996 they make it simple to live the good food life and bring the season’s best mix of organic produce and specialty farm products conveniently to your home or office. Each delivery comes with farm news and some fun fresh recipes.

https://www.smithbrothersfarms.com/

Smith Brothers Farms is a local family-owned and operated dairy that has been serving the greater Puget Sound area for more than 90 years. They are one of the largest independent dairies in the region, processing and delivering the freshest milk and select Northwest products to more than 50,000 homes every week. And don’t be fooled, they don’t just have milk and eggs, my kiddos love the Alki Bakery Banana Bread and Blazing Bagels.

https://newrootsorganics.com/

Although I have not tried New Roots Organics I love that they are located in Ballard and have been supporting healthy customers and local growers since 1999! Each week a bin of fresh seasonal produce is delivered, you will have the option to customize what you are getting prior to your delivery.  Throughout the year they make it a priority to include locally grown produce 1st, and then when needed to make your bins balanced and complete, they will include citrus, avocados, fresh greens and lettuces , etc. from California, and sometimes Mexico but they will always identify what is grown locally. Let me know what you think if you have tried New Roots Organics, I would love to know.

Check out https://www.fredmeyer.com/ for a location offering pick-up/delivery near you.

A few locations are below:

17667 Ne 76Th St
Redmond, WA 98052

12221 120th Ave NEFred Meye
Kirkland, WA 98034

23475 NE Novelty Hill R
Redmond, WA 98053

2041 148Th Ave Ne
Bellevue, WA 98007

2746 NE 45th St
Seattle, WA 98105

2902 228th Ave SE
Sammamish, WA 98075

21045 Bothell Everett Hwy
Bothell, WA 98021

 

Posted on May 30, 2019 at 12:13 am
Denise Perkins | Category: Denise Perkins, Eastside, Helpful Home Tips, Home Sweet Home, Kids, North Kirkland, Redmond, Snoqualmie | Tagged , , , , , , , , , , , , , , , , , , , ,

How Much Is Capital Gains Tax on Real Estate? What Homeowners Need to Know to Avoid It

I know…tax season is over (hopefully you got yours done already!!)  But this question about CAPTIAL GAINS TAX is a question I get on a regular  basis from my clients —  about what it is and does it apply to me?  This was an article I recently sent out in my monthly ‘paper’ newsletter (I know so  old school) to my mailing list.  It was super helpful for me to understand what it actually is and how it works — I hope you find it as informative.  

 

What is capital gains tax? This is a prime question that might creep up when you sell your home for more than you paid for it. That’s good news for you, but the downside is, you may have to pay taxes on those profits in the form of capital gains tax. Yep, just as you pay income tax and sales tax, home sale profits are subject to taxation, too.

Complicating matters is the new Tax Cuts and Jobs Act, which is changing the rules. So if there’s ever a time to brush up on all things capital gains, it’s right now. Here’s what you need to know.

What is capital gains tax—and who pays it?

In a nutshell, capital gains tax is a duty levied on property and possessions you’ve held onto for more than a year that you sell for a profit—including your home.

The IRS gives each person, no matter how much the person earns, a $250,000 tax-free exemption for a primary residence.

“So if you and your spouse buy your home for $100,000, and years later sell for up to $600,000, you won’t owe any capital gains tax,” says New York attorney Anthony S. Park. However, you do have to meet specific requirements to claim this exclusion:

  • The home must be your primary residence.
  • You must have owned the home for at least two years.
  • You must have lived in the home for at least two of the past five years.

If you don’t meet all these requirements, you may be able to take a partial exclusion for capital gains tax. For more information, consult a tax adviser or IRS Publication 523.

How much capital gains tax will you have to pay?

For capital gains over that $250,000-per-person exemption, just how much of a bite will Uncle Sam take out of your real estate sale? In the past, that depended on your tax bracket. Under the new tax law, capital gains rates are now based on your income, explains Park. Let’s break it down.

Single Filer

Married Filing Jointly

Head of Household Capitol Gains Tax Percentage
Earning Less Than $39,375 $78,750 $52,750 0%
Earning Between $39,376 – $434,550 $78,751 – $488,850 $52,751 – $461,700 15%
Earning More Than $434,550+ $488,850+ $461,700+ 20%

Don’t forget, your state may have its own capital gains tax. And very high earners may owe an additional 3.8% net investment income tax.

Do home improvements reduce capital gains tax?

How much capital gains tax you’ll pay may also be reduced because of home
improvements you’ve made. The money you spent on any home improvements—such as replacing the roof, building a deck, replacing the flooring, or
finishing a basement—can be added to the initial price of your home to give you the adjusted cost basis of your home.

For example, if you purchased your home for $200,000 in 1990 and sold it for $550,000, but over the past 29 years have spent $100,000 on home improvements, that $100,000 would be subtracted from the sales price of your home this year. Instead of owing capital gains taxes on the $350,000 profit from the sale, you would owe taxes on $250,000. In that case, you’d meet the requirements for a capital gains tax exclusion and owe nothing.

Make sure to save receipts of any renovations and repairs, since they can save you big-time come tax filing season.

How capital gains tax works on inherited homes

What if you’re selling a home you’ve inherited from family members who’ve passed away? The IRS also gives a “free step-up in basis” when you inherit a family house. But what does that mean?

Let’s say Mom and Dad bought the family home years ago for $100,000, and it’s worth $1 million when they die and leave it to you. When you sell, your purchase price (or “basis”) is not the $100,000 your folks paid, but instead the $1 million it’s worth on their date of death.

How to avoid capital gains tax as a real estate investor

If the home you’re selling is a second home (i.e., vacation home) rather than your primary residence, avoiding capital gains tax is a bit more complicated. But it’s still possible. The best way to
avoid a capital gains tax if you’re an investor is by doing a 1031
exchange. This allows you to sell your property and buy another one without recognizing any potential gain.

“In essence, you’re swapping one investment asset for another,” White says. He cautions, however, that there are very strict rules regarding timelines and guidelines with this transaction, so be sure to check them with an accountant.

If you’re opting out of the rental property investment business and putting your money in another venture, then you’ll owe the capital gains taxes on the profit.

Source: https://bit.ly/2CDrl5n

Posted on April 24, 2019 at 11:01 pm
Denise Perkins | Category: Denise Perkins, Helpful Home Tips, Home Sweet Home, In the News, Market Stats, Uncategorized | Tagged , , , , , , , , , , , , , , ,

Latest Seattle Area Market Stats

The real estate market continued to improve for buyers in November. Interest rates dropped slightly, price increases slowed and inventory soared. It’s important to note that inventory increases, while significant, are being compared to the record low supply of last year. We’re still far short of the inventory needed for a truly balanced market, however buyers have greater choice and less competition than they’ve had in years. Sellers who price their home according to current market conditions continue to see strong interest. Heading into the holiday season, there’s something for everyone to celebrate.

Eastside

>>>Click image to view full report.

The Eastside economy continues to be very strong. Heavy investment in commercial construction from companies such as Vulcan boost expectations that the area will continue to thrive. The median price of a single-family home in November hit $885,000 on the Eastside. Although an increase of 4 percent from a year ago, home prices have remained steady since this fall. With continued demand and only 2.4 months of inventory, the market has a long way to go to becoming balanced.

King County

>>>Click image to view full report.

Price increases continued to slow in King County. The median single-family home price was $643,913 in November, an increase of 2 percent over a year ago. South King County, where the most affordable homes in the county are located, saw significantly greater increases compared to a year ago. North King County also posted greater increases than the county overall. Inventory has skyrocketed as the number of homes for sale in King County more than doubled year-over-year. While that’s good news for buyers, there is only 2.1 months of available inventory in the county, slightly down from October and not nearly enough to meet demand.

Seattle

>>>Click image to view full report.

The median price of a single-family home in Seattle was $760,000 in November. This is up 3 percent from a year ago and slightly up from October. Inventory jumped 177 percent year-over-year however, at just two months of supply, the Seattle area has the tightest inventory in King County. With the city’s strong economy and lifestyle appeal, that’s not expected to change any time soon. Forbes recently named Seattle as the best place for business and careers in the nation. U.S. News & World Report ranked the University of Washington among the top ten universities in the world with Money Magazine rating Seattle the #5 Best Big City to Live In.

Snohomish County

>>>Click image to view full report.

Inventory in Snohomish County continued to climb, surging 88 percent in November as compared to a year ago. That said, the area has fewer homes for sale than King County with just 1.8 months of inventory. This is still far short of the four to six months of supply that is considered a balanced market. The median price of a single-family home sold in November was up 6 percent from last year to $470,000, virtually unchanged from October.

This post originally appeared on the WindermereEastside.com blog.

Posted on December 13, 2018 at 8:55 pm
Denise Perkins | Category: Eastside, Helpful Home Tips, Home Sweet Home, In the News, North Kirkland, Redmond, Woodinville

Fall into Winter — home checklist of things to do before winter sets in!

Checklist of 10 Things You Gotta Do Before Winter Sets In

Such as look for roof leaks before the first winter snow. Preventative maintenance is key.

 

When the last of summer’s heat is a faint memory, and you’re pulling out your hoodies (and puffy coats!!) more than your shorts, it’s time to tackle a few simple chores that’ll make winter more pleasant and prevent some nasty surprises next spring.

This fall checklist helps:

Fall maintenance checklist Image: HL

#1 Clean and Stow Your Mower

If you’re not familiar with fuel stabilizer, get to know it. If your mower sits for months with gas in its tank, the gas will slowly deteriorate, which can damage internal engine parts. Fuel stabilizer ($10 for a 10-ounce bottle) prevents gas from degrading.Add stabilizer to your gasoline can to keep spare gas in good condition over the winter, and top off your mower tank with stabilized gas before you put it away for the winter. Run the mower for five minutes to make sure the stabilizer reaches the carburetor.

Another lawn mower care method is to run your mower dry before stowing it.

1. When the mower is cool, remove the spark plug and pour a capful of engine oil into the spark plug hole.

2. Pull the starter cord a couple of times to distribute the oil, which keeps pistons lubricated and ensures an easy start come spring.

3. Turn the mower on its side and clean out accumulated grass and gunk from the mower deck.

 

#2 Remove Garden Hoses From Faucets

Remove garden hoses from outdoor faucets. Leaving hoses attached can cause water to back up in the faucets and in the plumbing pipes just inside your exterior walls. If freezing temps hit, that water could freeze, expand, and crack the faucet or pipes. Make this an early fall priority so a sudden cold snap doesn’t sneak up and cause damage.

Turn off any shutoff valves on water supply lines that lead to exterior faucets. That way, you’ll guard against minor leaks that may let water enter the faucet.

While you’re at it, drain garden hoses and store them in a shed or garage.

 

#3 Drain Your Sprinkler System

Time to drain your irrigation system. Even buried irrigation lines can freeze, leading to busted pipes and broken sprinkler heads.

  1. Turn off the water to the system at the main valve.
  2. Shut off the automatic controller.
  3. Open drain valves to remove water from the system.
  4. Remove any above-ground sprinkler heads and shake the water out of them, then replace.

If you don’t have drain valves, then hire an irrigation pro to blow out the systems pipes with compressed air. A pro is worth the $75 to $150 charge to make sure the job is done right, and to ensure you don’t have busted pipes and sprinkler head repairs to make in the spring.

 

#4 Seal Air Leaks

Grab a couple of tubes of color-matched exterior caulk ($5 for a 12-ounce tube) and make a journey around  your home’s exterior, sealing up cracks between trim and siding, around window and door frames, and where pipes and wires enter your house. Preventing moisture from getting inside your walls is one of the least expensive — and most important — of your fall maintenance jobs. You’ll also seal air leaks that waste energy.

Pick a nice day when temps are above 50 degrees so caulk flows easily.

 

#5 De-Gunk Your Gutters

Clogged rain gutters can cause ice dams, which can lead to expensive repairs. After the leaves have fallen, clean your gutters to remove leaves, twigs, and gunk. Make sure gutters aren’t sagging and trapping water; tighten gutter hangers and downspout brackets. Replace any worn or damaged gutters and downspouts.

If you find colored grit from asphalt roof shingles in your gutters, beware. That sand-like grit helps protect shingles from the damaging ultraviolet rays of the sun. Look closely for other signs of roof damage (#5, below); it may be time for a roofing replacement.

Your downspouts should extend at least 5 feet away from your house to prevent foundation problems. If they don’t, add downspout extensions; $10 to $20 each.

 

#6 Eyeball Your Roof

If you have a steep roof or a multistory house, stay safe and use binoculars to inspect your roof from the ground.

Look for warning signs: Shingles that are buckled, cracked, or missing; rust spots on flashing. Any loose, damaged, or missing shingles should be replaced immediately.

Black algae stains are just cosmetic, but masses of moss and lichen could signal roofing that’s decayed underneath. Call in a pro roofer for a $50 to $100 eval.

A plumbing vent stack usually is flashed with a rubber collar — called a boot — that may crack or loosen over time. They’ll wear out before your roof does, so make sure they’re in good shape. A pro roofer will charge $75 to $150 to replace a boot, depending on how steep your roof is.

 

#7 Direct Your Drainage

Take a close look at the soil around your foundation and make sure it slopes away from your house at least 6 vertical inches over 10 feet. That way, you’ll keep water from soaking the soils around your foundation, which could lead to cracks and leaks.

Be sure soil doesn’t touch your siding.

 

#8 Check Your Furnace

Schedule an appointment with a heating and cooling pro to get your heating system checked and tuned up for the coming heating season. You’ll pay $50 to $100 for a checkup.

An annual maintenance contract ensures you’re at the top of the list for checks and shaves 20% off the cost of a single visit.

Change your furnace filters, too. This is a job you should do every two months anyway, but if you haven’t, now’s the time. If your HVAC includes a built-in humidifier, make sure the contractor replaces that filter.

 

#9 Prune Plants

Late fall is the best time to prune plants and trees — when the summer growth cycle is over. Your goal is to keep limbs and branches at least 3 feet from your house so moisture won’t drip onto roofing and siding, and to prevent damage to your house exterior during high winds.

For advice on pruning specific plants in your region, check with your state extension service.

 

#10 Give Your Fireplace a Once-Over

To make sure your fireplace is safe, grab a flashlight and look up inside your fireplace flue to make sure the damper opens and closes properly. Open the damper and look up into the flue to make sure it’s free of birds’ nests, branches and leaves, or other obstructions. You should see daylight at the top of the chimney.

Check the firebox for cracked or missing bricks and mortar. If you spot any damage, order a professional fireplace and chimney inspection. An inspection costs $79 to $500.

You fireplace flue should be cleaned of creosote buildup every other year. A professional chimney sweep will charge $150 to $250 for the service.

Related: Maintenance for the Easily Overwhelmed

Posted on December 1, 2018 at 2:54 pm
Denise Perkins | Category: Eastside, Helpful Home Tips, Home Sweet Home, North Kirkland, Redmond, Uncategorized, Woodinville | Tagged , , , ,