Home Buyers Tax Credit. Current Home Owners Now Can Get A Piece Of The Stimulus Pie

Stimulus PieFirst time home buyers are not the only ones getting a piece of the stimulus pie. Now current home owners who want to buy can qualify for the a tax credit. 

Christmas came early for the first time home buyers who just missed the deadline of November 30th to qualify for the $8000 tax credit. Christmas also came early for home owners who want to take advantage of the low interest rates and amazing deals on real estate. They now can qualify for a tax credit of their own, up to $6500.  You want more details? Check the vid below. 

FAQ regarding the tax credits

Do you want to take advantage of the tax credit?  Well you don’t have a whole lot of time. Start your home search here. 

Search homes for sale in Bellevue, WA and around the Eastside

Search homes for sale in Bellevue, WA and around the Eastside

 
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How to get your home sold fast and for the most amount of money..

sold_sign

 

   Sellers…. If you have to sell, you have to sell. Here is what needs to be done to get your home sold for the most money and the least amount of time. You have to get buyers to fall in love with one of two things if not both. First, they need to LOVE the price. You have to make them think they are going to lose a smokin’ deal, or you have to get them to fall in love with your home.  There has to be something absolutely amazing about your house. Something very desirable and hard to find. Here is an example. Remodel your kitchen and baths. I am not talking about getting stock materials  from the home super stores. Get the good stuff. If you don’t have an eye for design or know what most people desire, contact a good designer & contractor. Chances are they are offering great prices now.

 

   If you go the remodel rout and put $30K to $50K into your home you will have more buyers see your home because you have something special. The more buyers you have visiting your house the better the chance of a sale at a higher price.

 

  OK, let’s check out the other option. Your home is clean and well maintained but hasn’t been updated since the late 90’s or earlier. I believe you can still get your home sold quickly but you will have to attract the buyers with something else. Obviously, your average house is not going to attract many buyers. There are a boat load of average homes on the market. What will separate yours from the rest?? This answer is not an easy pill to swallow. You will have to give your house an incredible price. Take a look at the market (consult a real estate pro if you can’t find this info online) figure out what the “market value” is and beat it by 10% to 15%. If you think your home is valued at $499K ask $425K to $450K.  If you think about it, just about every retailer is dropping prices. They are not messing around with piddly price drops of 10%-15%. They are taking 25% to 75% off. They have to to compete and get their product sold. If you aren’t buying what I am saying, put a buyers hat on and lets go on a home search. We find 40 homes that fit your search criteria. After looking at the price and the pictures you weed out 35. All of those homes you weeded out were average homes with average prices, homes you didn’t like the style or simply over priced homes. Do you want one of those 35 to be your house?

 

Get your homes market value.   Search homes for sale.   Search luxury homes for sale.   Urban condo projects.

 

  I will leave it at that for now.  Thanks for visiting BlogWa With Realtor Greg. Please let me know what you think!

 

Should I sell my home now in Seattle/Bellevue? Jan 2010

Is it a good time to sell now? This is a follow-up posting to my January ’08 post.  The following still applies today

 Well if you are a regular reader of my blog you probably saw the posting “Should I sell my home now?” back in January of ’08. Well, the market has changed since then. The good news is this makes it a great time to sell for certain sellers.  Home values in most of Western WA have dropped since the beginning of the year.  In some areas the drop has hit the double digit percentage. How could it be good to sell when your home may be worth $50,000 less then last year?

  Here’s how… 

For move up sellers. Seller who plan to move up to a more valuable home.

Last year your homes market value was around $500,000. For the ease of calculation I will use 10% in this example. This year your homes market value dropped by 10% ($50,000)  and now is valued at $450,000 . Your plan is to buy a $900,000 home. The home you choose also had a drop of 10%. That $900,000 home last year had a market value of $1 million a difference of $100,000. You would actually save $50,000 by buying up.

  How did I get that #? $100,000 (the drop in value for the home valued at $1 million last year) – $50,000 (the drop in value for the home valued at $500k last year) = $50,000 savings.

  Who shouldn’t sell now?

Freaked out by the market

 Sellers who are freaked out by the market and have no plans to “buy up”, should NOT sell. Think of.. buy low, sell high.

Don’t forget, in order to sell your house the price has to be better than all of the comparable homes. If it’s not, expect the potential buyers to move on to the better priced home. Inventory is up.  Buyers know this and will move on to the next house if the price isn’t right.

 For more info about your homes market value & selling your home please contact me @ 206-465-7257.

To search for homes/real estate in the Seattle & Bellevue areas click here.

Visit www.GregRBenson.com for more info about buying and selling a home or condo

About Me

After spending 12 years in the sales, support and service field, I made an exciting career change to be a Realtor. The last six of those 12 years I was a corporate trainer. I trained customer service, retail, and I.T. support. Now I am helping people with what I became fascinated with many years ago when my wife and I purchased our first home, buying and selling homes.

 

What I have done and how I did it. I have been in the business since early 2005 and in my first full year I was in the top 20% of the nation in commisions and in the top 10% in my 2nd, and the top agent in my office of 110 agents. I think I have been able to acheive these numbers by living my life with honesty and integrity long before I got in the real estate business. A mjority of my business has come from my friends and family and they knew they could trust me with the sale or purchase of their home. I also have worked very hard to get my websites up on search engines and since mid 2007 about 50% of my business has come from my websites. I use that same honesty and integrity when working with internet clients. I was nominated to be part agent leadership council for my office and I am also a trainer and personal mentor for new agents to our office.


   I grew up on the Peninsula and moved to the Seattle area in 1992. My wife and I were married in 1998 and have lived on the Eastside since then. We purchased our home in what turned out to be a very close knit neighborhood. We have regular neighbor nights, we help coordinate an annual 4th of July block party, and host an annual Halloween haunted house in our yard and garage. I look forward to helping my clients find this sense of community in a neighborhood whether it be a starter home or a dream home.

 

  In my free time I enjoy playing softball, working in my yard, entertaining friends and family, and going to estate sales.

  It is my goal as your full service realtor/real estate consultant, specializing in the Bellevue, Kirkland, Redmond, Issaquah, Woodinville and Bothell areas, to provide you with superior service at all times. My local expertise and extensive real estate experience will benefit you whether you are serious about buying or selling a home at this time, or are a returning client checking out the many homeowner resources I offer.
 
Selling link goes to a testimonials or blog

Buying a home? I look forward to helping you select the home of your dreams by taking time to listen to your needs and desires.

Selling a home? My real estate expertise and many effective marketing programs will give you the exposure and edge you need to sell your home quickly for top dollar.

Returning Client? I appreciate the opportunity to continue to serve you and hope you take advantage of the valuable resources I provide. Come back to visit often!

I consider these communities excellent places to reside and would love to share with you my enthusiasm for the many neighborhoods that encompass it. I pride myself on providing unparalleled service and look forward to developing a long-term relationship with you. Please feel free to contact me if you would like to discuss how I can best assist you with your real estate needs.

Sincerely,

Greg Benson

Testimonials for Realtor Greg

  Thanks for visiting my testimonial page. Below are just a few of the happy clients I have helped to get into a home or condo.

P & J Smith– “Thanks you so much for all of your support, work and advice!We appreciated your help so much. Your time spent on us was invaluable! Thank you!”

R & S Drake– “We will continue to recommend you highly in the future.”

Susan Smith Keller Williams Real Estate agent in Colorado regarding her referral to me- Betty is so thrilled with your performance and her new home! I really appreciate the good care you took with her and now you are my ‘send to’ guy for anyone else I run into headed your way.

Thanks again,

Susan
 
Steven & Jennifer Bandy- We feel like you took the time to find out what our needs were and showed us appropriate properties. I don’t think we could have ask for more from any agent. It was fun working with you and getting to know you.

Vacant home with no mortgage, should you wait to get your asking price?

Overpricing your home can cost you bundles even if the home is paid for. It’s called missed opportunity costs. It’s pretty obvious to all of us that a vacant home for sale with no mortgage will cost us taxes and utilities, but not many people think about the missed opportunities costs.  Here is the scenario….-A seller puts their paid for, vacant, home on the market.-The market value of the home is $475,000.-The seller thinks since the home is paid for they can over price the home and wait for an offer, thinking they are in a good negotiating position.-Seller has an asking price of $510,000-The seller has purchased and has a mortgage on a new home. Here is the problem with this scenario. The seller still has taxes they have pay on that vacant house aprx. $300-$500 per month. They also are paying utilities to keep the house from getting musty maybe $50+ per month. These are commonly known costs and many sellers are willing to risk these costs to get a few thousand extra dollars, but not many sellers think about the “missed opportunity costs.” If the real estate market is flat or dropping then there are better places to put that $475,000. I am not an expert in the financial advising but I know there are many mutual funds that return 5-15% regularly. Another option would be to buy another home in an area that has bottomed out and get a great deal and use it as an investment. With that kind of money you could put 20% down on many properties.

  So sellers, don’t forget about those missed opportunity costs. It’s best to list and sell your home at market value (see Should I sell my house now/Pricing it correctly) and put that money in other investments than let your house sit for months maybe years just to try and get a few thousand extra dollars.  Greg R Benson – Bellevue, Redmond, Kirkland Real Estate

Get Your Home’s Market Value?          Click Here to Search for Homes.         Click here to have listing sent to you.

Contact us.

White vs. Color? Interior painting to sell your home.

  What should you do to help sell you home quicker and for top dollar?

  “Let’s just keep it white that way the buyer can paint it the color they want.” Have you heard this? Maybe you have said this. Believe it or not this is still a misconception in the real estate market. Logically it makes sense but a majority of the buyers do not want to make changes to their new home. Moving is plenty of work as it is. We are all very busy and taking a few days out of our lives to paint a few rooms or maybe all of the them is not our idea of taking time off.  White is also considered a very stark and cold color not to mention it doesn’t look that good in the pictures on the MLS (Multiple Listing Service).

Here is what buyers want…

-Warm and stylish colors

-Coordinated contrasty colors (here is where you can keep your white) for mill and trim work.

Here are a few examples of how color helps a room look better.

White roomGreen RoomSafe colorWhite RoomSafe colorBold Color

Painting is a very inexpensive way to give your house a mood and make it look fresh and new. Don’t save money in this area.

 I can help you get your home ready for sale. Visit www.GregRBenson.com or www.O-Condo.com for your home or condos value, my contact info and other real estate info.

Get Your Home’s Market Value?          Click Here to Search for Homes.         Click here to have listing sent to you.

Contact us.