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 , , , , , , , , , , , , , , ,

Five Unique Exercises Classes on the Eastside

New Year New You?

Tell me, how’s that going?

 

If you’re like most people, you resolved to get in shape and lose weight in 2019.

If you’re like most people, by February you’ve already given up.

 

Well, my friends, this is the year we change that. Let’s get back in the saddle, back on the horse, and back on course! To spice it up, I did a LOT of digging to find some new, exciting exercise options for you around the Eastside. No more dreadmills and forget about those “lose 100 pounds in a month at our Bootcamp challenge!” places. Here’s how to break a sweat and have a fun time doing it.

 

Cyclebar

Redmond

Cycling is always a hot class to take. It might not be the most original thing out there, but it certainly has a cult following. Offering high energy classes that focus on big time cardio, lots of people see fat melting away in no time when combined with a low-calorie diet plan. Cyclebar has just one Eastside location in Redmond. Before heading out, check with your local Facebook Community group. Someone is always giving away free class passes.

 

Pure Barre

Bellevue

Want a dancer’s body? Then you gotta dance! If you haven’t tried Barre method yet, I think you really should give it a try. Pure Barre has locations around the Eastside and focuses on core stability and strength to create a tone, lean look. There are music and community at each class, creating a fan base of women who report classes leading to awesome friendships. That means a built-in accountability buddy! This is not your traditional tutu ballet class, but you will be using the traditional bar. You’re in and out in about 50 minutes though, so it’s great for busy people!

 

Bollyworks Fitness

Redmond

Remember when Zumba was all the rage? I mean, I guess it still kind of is, but it’s far from unique these days. Now you can take an exciting and totally unique dance exercise class in Bellevue with a dance theme, but it’s not Latin at all. The focus is on Bollywood. That’s Indian music and movement. Its crazy fast-paced and utilizes every inch of your body from the tips of your fingers to the point of your toes. You’re moving fast and having a blast, too. You’re in and out in about an hour.

 

Divine Movement

Kirkland

Now here is a unique class! Let inhibitions go and try your hand at pole dancing. Let’s get this out of the way early on. Yes. I am talking about a “stripper-pole.” You have to be a bit brave to walk in for that first class. But really? It’s a great workout that is physically challenging in a way few classes can be. You’re focused on your own abilities, not noticing those around you. (That means that they’re not noticing you, either.) You’ll feel triumphant highs as you master new skills and gain great strength. It’s a fun, supportive environment and unlike anything you’ve ever tried before!

 

24 Hour Fitness

Redmond

“But Denise, you said these were unique fitness ideas…”

You’re right. I did. And give me a chance, here! This is totally unique! I recently met a gal who works at the Redmond 24 hour fitness location. She told me about a class called “Aqua Fitness.” It’s not your grandma’s water aerobics, ladies. Instead, it’s an upbeat, low impact dance class that blends weights, strength, and cardio in a style similar to Zumba. Only, it’s done in the water. Now that is unique!

So, for the next month, I want to post four blogs. We’ll cover dining out on a diet, as well as essential exercise. See you in a week to talk about the best healthy restaurants on the Eastside.

Posted on January 29, 2019 at 9:10 pm
Denise Perkins | Category: Eastside, In the News, North Kirkland, Redmond, Things to Do, Uncategorized, Woodinville | Tagged

Holiday Lights on the Eastside

 

 

Part of the joy of the holiday season is exploring holiday lights with the kids. They’re bright and festive, and just inspire imagination and awe. Especially in young children, going hunting for lights is a time-honored holiday tradition. Unfortunately, more and more people are not decorating their homes with lights. But that doesn’t mean that there aren’t still great light displays out there to be found and enjoyed. Here are a few of my favorite holiday lights hot spots.

 

 

Woodinville Wonderland

23620 ne 183RD St. Woodinville, WA 98072

A family oriented display awaits you in Woodinville! Here you’ll find a full acre display of lights set to music and light animations. The display is free to visit, but cash donations are appreciated. The donations benefit a variety of charities. To get the most out of the experience, tune your radio to 101.9 FM.

 

Keener Christmas

16504 112th PL NE Bothell, WA 98011

Another home with a ton of lights can be found in Bothell. Keener Christmas is a drive-through experience with no foot traffic allowed. You’ll find more than half a million lights as well as animations and inflatables. This family favorite home has been featured in many newscasts about the best-decorated homes in Western Washington. From time to time you’ll even find Santa on site handing out candy canes! If you’re so moved, you can also donate food to charity at the site!

 

 

Garden d’Lites

Bellevue Botanical Gardens

12001 Main St. Bellevue, WA 98005

Get lost as you wander through the fields of flower-themed lights at Bellevue’s annual Garden d’Lites festival. Now in its 24th year, the tradition of nature-themed light shows is a must for many people during the holiday season. You’ll also find a running river made of lights. The Gardens set up a scavenger hunt among the lights to keep young people excited, and there is always espresso and hot cocoa on site, too. There is a small admission fee, but there are also free nights every season as well. Check the website before heading out so that you can plan! Remember – kids ten and under are free!

 

 

Cougar Mountain Zoo

19525 SE 54th St Issaquah, WA 98027

For something just a little different, head out to Issaquah and the Cougar Mountain Zoo! Here you’ll find a full Christmas themed park, culminating with live reindeer! The 31st annual Reindeer festival keeps limited hours, open only until 4:30 pm, but is nothing short of pure wonder for your children. Since the reindeer are on site, of course, you can expect to see Santa! You can also hear a story from an elf during your visit!

 

For more homes with amazing lights, check out this interactive map!

 

If you’re up for a drive, there are plenty of lights in Seattle, too. You can visit the Woodland Park Zoo for their annual Wild Lights show, or check out the Candy Cane Lane neighborhood! Whatever you do, be sure to take lots of photos and share them with me! And, if you know of a hot spot that I’ve missed, I really want to hear about it!

Posted on December 14, 2018 at 10:00 am
Denise Perkins | Category: Eastside, Kids, North Kirkland, Redmond, Things to Do, Uncategorized, Woodinville | Tagged , , , , , , , ,

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 , , , ,

Family Friendly Holiday Events on the Eastside & Seattle

The Eastside does family fun with flair! There are so many fun family events around town that it’s easy to feel overwhelmed! The good news is that most of these events are free, or at least low cost, so you can try them all out and see which ones are the best fit for your family. Here’s a rundown of the events that make creating family traditions fun!

 

Redmond Lights

Starts at City Hall

15670 NE 85th St. Redmond, WA 98052

Act fast! This is a weekend event special, happening on December 1-2. It’s a free event held in downtown Redmond. The progressive event starts at City Hall with a tree lighting ceremony and fireworks show. From there, stroll down a lighted pathway dotted with carolers and performers. Your trail ends in Redmond Town Center where you’ll find more entertainers, shops, treats, and family fun.

 

 

 

 

 

 

 

 

 

Argosy Christmas Ship

Assorted Docks

This event is the priciest on my list. But it does offer a fun experience that the kids will love. You board an Argosy ship at one of many docks around Lake Washington or in Seattle and set sail! Along the way, you’ll be serenaded by choirs and subject to beautiful views. Many local yacht and boat owners follow the parade of boats and have their vessels decorated as well. If you have kids, try to snag a ticket on the lead boat, since Santa is on board and there is a dedicated kid space for coloring and crafts. There are adult beverages available for purchase as well. The event will almost always sell out, so book tickets well in advance! If the ship isn’t for you, plan to take the family to designated beaches to view the parade of boats from land!

 

 

Snowflake Lane

Bellevue Square

828 Bellevue Way NE Bellevue, WA 98004

Another annual family tradition for many Eastside families, there just aren’t enough words to describe how magical this event is. Marching drummers, dancing snow fairies, and even ice queens. You’ll also experience “snow” falling every night. (It’s really a foam machine, but the kids won’t care. It’s still magical!) The event features a parade, music, dancing, and free candy handed out by the character cast. It’s a popular event, though, so be sure to get there early. The event is free and kicks off nightly at 7 pm.

 

Studio East, ‘Twas the Night

11730 118TH Ave. NE Kirkland, WA 98034

This annual play features local child actors. It’s a tradition for many families and offers a glimpse into theatre life for children. Recommended for ages 4 and up, the show is only offered on weekends. Tickets are $20 per person for all ages.

 

Evergreen Lights

3429 240th St. SE Bothell, WA 98021

An outdoor lights display, this one is just north of the Eastside. Put on by Bothell’s Evergreen Church, this is a free event. Take advantage of free cookies and cider while you’re there, too.

 Finally, let’s talk outside of the Eastside. One of the benefits to living here is the close proximity to Seattle. If you feel like making the trip across the bridge to the big city, here are my favorite holiday events in the city.

 

Enchant Christmas

Safeco Field

1250 1st Ave. Seattle, WA 98134

New to the city this year, this is a traveling display of lights that features the world’s largest Christmas light maze. You’ll find an ice skating trail, as opposed to a rink, which winds you by live entertainment and right to your visit with Mr. and Mrs. Claus. You need to pre-book your time in the event. Here’s a Groupon for tickets to help save you some cash!

 

Gingerbread Village

The Sheraton Seattle

1400 6th Ave. Seattle, WA 98101

Now in its 26th year, this is an impressive display of gingerbread houses.  Many have moving parts and most are taller than your child! It’s simply magical. Every year they have a different theme — this year is Dr. Seuss.  Always a must see!!

 

 

 

 

 

 

 

Winterfest

Seattle Center

Fisher Pavilion & International Fountain

305 Harrison St. Seattle, WA 98109

There are so many activities here! From the Winter Train Village to an ice skating rink and carousel to live ice sculpting demonstrations and live performances all season long. Be sure to check the website before heading down as the schedule changes daily.

These are all amazing activities in our very own backyard.  Many of which I have started as traditions in my family!!  What are your favorite traditions during this magical time of year!?

 

Posted on November 30, 2018 at 3:28 pm
Denise Perkins | Category: Eastside, Kids, North Kirkland, Redmond, Things to Do, Uncategorized, Woodinville | Tagged , , , ,

November Market Stats

Increased inventory, slower sales and more price reductions all point to a balancing market—welcome news for price-shocked buyers. Sales prices are up from last October and down from the all-time high reached this spring. Despite the slowdown, it’s important to point out that we’re only moving back toward what a normal market looks like. King and Snohomish counties each have over two months of available inventory. While that is double the inventory of a year ago, it’s far short of the four to six months supply that is considered a balanced market. Sellers looking to list their home now can be sure there remains plenty of interest among home buyers.

Eastside

>>>Click image to view full report.

The median home on the Eastside sold for $890,000 in October, up 5 percent from a year ago and unchanged from the previous month. While year-over-year price increases were in the single digits for the Eastside overall, several areas, including Kirkland, Woodinville and Mercer Island, experienced double-digit price gains. Buyers are still having to pay a premium for desirable Eastside properties. However, with more choices and less buyer urgency, sellers need to price their home correctly to maximize their chances of getting the best possible return.

King County

>>>Click image to view full report.

Inventory in King County for all homes, both single-family and condominium, soared 102 percent over last October. The increase was due to an influx of new listings and the fact that homes are now taking longer to sell than at the peak of the market this spring. While buyers now have more breathing room to make their decisions, the 2.4 months of inventory in King County is still far from a balanced market. The median price of a single-family home in October was $670,999, an increase of 7 percent from the same time last year, and virtually unchanged from August and September. South King County showed larger increases, with prices rising more than 10 percent from a year ago in Auburn, Kent and Renton.

Seattle

>>>Click image to view full report.

In October, the median price of a single-family home in Seattle was $750,000, up 2 percent from last October and down slightly from last month. While inventory doubled over a year ago, Seattle falls behind most areas of King County in supply with just under two months of inventory available. Demand is predicted to stay high, with Seattle’s population projected to grow at twice the national rate next year. That said, buyers are in the position to be able to negotiate. A recent analysis named Seattle as one of the top markets in the country where it makes the most sense to buy this winter.

Snohomish County

>>>Click image to view full report.

Inventory in Snohomish County soared 65 percent in October as compared to a year ago. The area now has 2.4 months of inventory, about the same relative supply as King County. As with most of the Puget Sound area, the increase in inventory was due to a higher number of sellers listing their homes and fewer sales. Year-over-year, the median price of a single-family home sold in October in Snohomish County grew 8 percent to $473,000. The median price in September was $485,000.

This post originally appeared on the Windermere Eastside Blog.

Posted on November 28, 2018 at 7:52 pm
Denise Perkins | Category: Eastside, Helpful Home Tips, Home Sweet Home, In the News, Market Stats, North Kirkland, Redmond, Uncategorized, Woodinville | Tagged , , ,

Make Sure Your Home Isn’t Underinsured

Home appreciation in the Eastside and Seattle Area has seen pretty large gains in the past several years.  On the Eastside September 2017 median sale price was 740,000 vs. September 2018 median sale price of 800,000.

When was the last time you talked with your home insurance professional?  It may be time to contact them to mare sure your home is insured at the value it is today!  Your home may be your greatest asset — protect yourself and that asset!

Ask your insurance professional the following;

Do I have enough insurance to rebuild my home?

Do I have enough insurance to replace all living expenses?

Do I have enough insurance to replace all of my possessions?

Do I have enough insurance to protect my assets?

Click here to read the entire article written by the Insurance Information Institute.

 

If you’re interested in finding out your homes current value please contact me so I can come do a home evaluation.  It’s good info to have.  You can also sign up for Neighborhood News where you can receive monthly information specific to your zip code.

 

 

 

 

Posted on October 24, 2018 at 8:38 pm
Denise Perkins | Category: Eastside, Helpful Home Tips, Home Sweet Home, In the News, North Kirkland, Redmond, Uncategorized, Woodinville | Tagged , , ,

Best Pumpkin Patches for Fall

It’s a tradition in the PNW unlike any other. Talk to moms from the Midwest about where they pumpkin patch and they’re likely to raise an eyebrow. But out here on the Eastside? Choosing your pumpkin patch for the year is almost as big of a deal as choosing where you’ll vacation in the summer. With different patches offering amazing amenities and activities, competing for your gourd dollars winds up meaning a full day of family fun.

The one major bummer is that, with real estate being as costly as it is on the Eastside, you’re going to have to drive a bit to get to the best pumpkin patches. They’re all great, if I’m being honest, and you’ll enjoy any of them. That said, different patches appeal to different aged kids. Choosing the best one for your family makes the drive more worthwhile.

Here is the lowdown on the pumpkin patch experience!

 

 

 

Bob’s Corn

Snohomish

This one is my pick for big kids. Once you arrive you’ll find acres upon acres of pumpkins as well as a ton of family-friendly attractions. Perhaps the best of all is the massive corn maze on site. The maze is a whopping 10 acres large and always Take a Hikecut into interesting, artistic designs that you can only see from above. I like this maze for the big kids because they specifically offer admission after dark, which is spooky and exciting all by itself! You can also reserve a fire pit to roast marshmallows after you make your epic escape. For the little kids, there are also two smaller corn mazes that are less intimidating. Other free activities include hayrides, a tike track for riding, and a playground area. In addition to your pumpkin, you can also pay to play on big slides, the corn crib (excellent for sensory kids) and fire apples out of the apple cannon. A rope maze, sandpit, and cow-train ride complete your full day experience.

 

Craven Farms

Snohomish

My favorite pick for those with little kids, this is a wonderland for the imagination. On top of the you-pick-pumpkins, you’ll also find admission free fun things to do that enchant the smallest of adventurers. There is a large corn maze that is themed and unintimidating for younger guests, as well as a kid’s adventure maze, miniature golf, and a mouseville themed gift shop. Kids can also pet farm animals. On the weekends you’ll find hayrides, apple slingshots, and face painting, too. Older kids may get a little bored at this one, but for little kids, the value cannot be beaten.

 

The Farm at Swan’s Trail

Snohomish

If you’re noticing a nod to Snohomish, it’s not intentional! It just so happened that all of my favorite places are located just north of the Eastside. And, among all of them, The Farm at Swan’s Trail just may be my absolute favorite. It’s a literal adventure wonderland that is well suited for families with kids of all ages. A FIFTY-acre pumpkin patch pretty much guarantees selection wide enough to last the entire season, and you’ll also find a pretty nicely sized petting zoo. On top of that, expect to laugh your tail feather off at the duck races and Farmer Ben’s “Four Little Pig” shows. There are also wagon rides, picnic pavilions, a massive corn maze, and you pick apples. I’d be remiss if I didn’t mention the barn. It’s a tiny hay bale maze up to the hayloft where kiddos can zip down a slide into a pile of hay. It’s the stuff great photos are made of, friends.

 

Things really get fun when you get into the paid activities, though. A giant hay bale pyramid for climbing, a ball pit, large slides, an inflatable jumping pillow, rubber duck races, gemstone mining, pedal cart racing, and a cow train all await you. Plan to spend all day at this one, and make family memories that evolve into a tradition your kids will take with them for years to come.

 

Honorable Mentions

Stocker Farms, Snohomish

Fox Hollow Farm, Issaquah

Remlinger Farms, Carnation

 

This list is just a short sample of all of the pumpkin farms out there. If nothing here tickles your fancy, here’s a longer list compiled by Red-Tri. If you’re not up for the drive to one of my favorite farms, maybe you can find one closer to your home neighborhood here and tell me all about why you loved it in the comments! Happy hunting!

 

 

Posted on October 9, 2018 at 7:29 pm
Denise Perkins | Category: Eastside, Kids, North Kirkland, Redmond, Things to Do, Uncategorized, Woodinville | Tagged , ,

Favorite Fall OUTSIDE activites

It’s here we can’t deny it —  fall has settled in. The beautiful, sunny, and warm days are coming have come to an end. But don’t you go downing fall on me just yet! It’s actually my favorite time of year! That nice little nip in the air in the morning, the lazy evenings, and the smell of fresh textbooks. It’s a wonderful time! Here are three great ways to enjoy September around the Eastside!

High School Football 
Living in Seattle, for most of us, means a love of Seahawk football. Attending games is more than a way to pass a day, it’s an experience. And, like most major experiences, it costs a pretty penny. So why not enjoy a some Friday Night Lights and watch a more affordable game of gridiron? So many of our local High School teams are contenders on a statewide level that attending a high school game not only means you’re out enjoying the fall evening weather, it also means you’re seeing some legitimate talent. Plus there are affordable concessions, marching bands, and all kinds of school spirit!

Take a Hike
Head over to Bridle Trails State Park in Kirkland for a nice family hike. The park itself isn’t huge, which makes it perfect for exploring on a weekday evening after school. Walk through the dense trees seeking out unique shadows cast through the branches and onto the dirt pathways. The enchantment of this urban park is turned up to eleven when a horse comes striding by you. Bridle Trails was designed as a horse walking park, which means that the unexpected rider can pass you by. I love this quiet oasis right in the middle of the densely populated Eastside! I also have to give an honorable mention to Juanita Bay Nature Preserve, where you can spot bald eagles fairly regularly.

Surf’s Up!
Have you ever tried to go stand-up-paddle boarding on Lake Washington? SUP for short, I actually prefer early fall for this activity to summer. The crowds are gone, the water is still warm, and the sunsets are something else entirely. Perfect Wave is my go-to spot. Located right at Houghton Beach in Kirkland, there is nothing more refreshing than an evening paddle, followed by happy hour at The Beach House, which is well worth a visit. Just remember, hours start to narrow as summer closes, so check ahead before showing up.

What are your favorite fall activities!!??

Posted on October 9, 2018 at 7:10 pm
Denise Perkins | Category: Eastside, Kids, North Kirkland, Redmond, Things to Do, Uncategorized, Woodinville | Tagged , , , , , ,

5 Reasons Rising Interest Rates Won’t Wreck the Housing Market

Interest rates are changing.  Here is a great article written by Windermere’s Chief Economist Matthew Gardner about how this may affect the Real Estate Market.

Interest rates have been trending higher since the fall of 2017, and I fully expect they will continue in that direction – albeit relatively slowly – as we move through the balance of the year and into 2019. So what does this mean for the US housing market?

It might come as a surprise to learn that I really don’t think rising interest rates will have a major impact on the housing market. Here is my reasoning:

1. First Time Home Buyers 

As interest rates rise, I expect more buyers to get off the fence and into the market; specifically, first time buyers who, according to Freddie Mac, made up nearly half of new mortgages in the first quarter of this year. First-time buyers are critical to the overall health of the housing market because of the subsequent chain reaction of sales that result so this is actually a positive outcome of rising rates.

2. Easing Credit Standards

Rising interest rates may actually push some lenders to modestly ease credit standards. I know this statement will cause some people to think that easing credit will immediately send us back to the days of sub-prime lending and housing bubbles, but I don’t see this happening. Even a very modest easing of credit will allow for more than one million new home buyers to qualify for a mortgage.

3. Low Unemployment 

We stand today in a country with very low unemployment (currently 4.0% and likely to get close to 3.5% by year’s end). Low unemployment rates encourage employers to raise wages to keep existing talent, as well as to recruit new talent. Wage growth can, to a degree, offset increasing interest rates because, as wages rise, buyers can afford higher mortgage payments.

4. Supply

There is a clear relationship between housing supply, home prices, and interest rates. We’re already seeing a shift in inventory levels with more homes coming on the market, and I fully expect this trend to continue for the foreseeable future. This increase in supply is, in part, a result of homeowners looking to cash in on their home’s appreciation before interest rates rise too far. This, on its own, will help ease the growth of home prices and offset rising interest rates. Furthermore, if we start to see more new construction activity at the lower end of the market, this too will help.

5. National versus Local

Up until this point, I’ve looked at how rising interest rates might impact the housing market on a national level, but as we all know, real estate is local, and different markets react to shifts in different ways. For example, rising interest rates will be felt more in expensive housing markets, such as San Francisco, New York, Los Angeles, and Orange County, but I expect to see less impact in areas like Cleveland, Philadelphia, Pittsburg, and Detroit, where buyers spend a lower percentage of their incomes on housing. The exception to this would be if interest rates continue to rise for a prolonged period; in that case, we might see demand start to taper off, especially in the less expensive housing markets where buyers are more price sensitive.

For more than seven years, home buyers and real estate professionals alike have grown very accustomed to historically low interest rates. We always knew the time would come when they would begin to rise again, but that doesn’t mean the outlook for housing is doom and gloom. On the contrary, I believe rising interest rates will help bring us closer to a more balanced real estate market, something that is sorely needed in many markets across the country.

Posted on October 3, 2018 at 5:45 pm
Denise Perkins | Category: Helpful Home Tips, In the News, Market Stats, Uncategorized