Fences & Flowers

The CB Bain Blog

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Rightfully so, future homeowners have lots of questions about how the new tax laws affect presumed advantages to owning a home. It’s true that some significant changes took effect January 1, 2018 such as the allowable interest deduction on mortgage loans and the deduction of state and local taxes which also includes the payment of property taxes.

Everyone knows that size matters, right? Home buyers are perhaps looking for a larger home, a big yard for the kids, a 3-car garage while sellers are looking for the possibility of an escalated purchase price, giving them the largest “profit” or equity return on what is often their single largest investment. Of course, these common objectives are completely valid but unique to every individual or family.

The frenetic pace of our current real estate market opens the door for homebuyers to use creative tactics when searching for their dream home. It’s important to weigh the pros and cons of such methods as well as the additional time it takes to initiate unconventional search campaigns.

Nov 17, 2017

Written by:

Robyne Curry

It’s today in Seattle. Which means yet another news story, blog post or social media thread about our hot housing market. And not just hot, but red-hot, scorching-hot or hotter-than-a-firecracker hot. No matter how it’s described, the bottom line is always the same: prices are up and inventory is down; buyers are in a frenzy and sellers are in the driver’s seat. Which is why the following is so perplexing.

Oct 13, 2017

Written by:

Mark Jacobs

 

 The decision to sell a senior’s home, often the most valued and valuable asset, can be a complicated process. Older adults and their children are faced with a number of unique issues when navigating the emotional, financial and logistical terrain of such a move.

Buying or selling a home is a lengthy process filled with paperwork and discussions. You might hear a lot of crazy terms and acronyms thrown around. MLS, BOMK, CMS… it all becomes a blur! So, what do all those terms mean?

If you’re thinking of selling your home (and it’s a great time to do it), you might think a sign on your lawn is all it will take for a quick and easy sale. True, you may receive offers within days. But proper staging and attention to detail can make a big difference on the bottom line.

When I decided to sell my beloved first house in late 2009 it wasn’t a particularly good time. We were a year into the Great Recession and home prices were down. Way down. Having owned the house for 14 years and substantially improved it, I still made a handsome profit on its sale. But had I waited a few years my proceeds would have been greater. On the other hand, lower home prices meant I got a smoking deal on the house I bought, which wouldn’t have happened even a year later and would be unimaginable in today’s red-hot market.

Why do homes sell? Is it because of location? Price? Architectural style? Surely these all come into play, but more than anything else, homes sell because buyers fall in love with them. And love, generally, has little to do with location, money or architecture. People buy homes with their hearts. It’s an emotional thing.

Even though it’s almost February, 2017, I’m still struggling to polish off my New Year’s resolutions for last year. I only had three: attention to health, organization and comfort. I did manage to hit the gym more often than not, and I bought a bunch of new shoes that make my feet deliriously happy. So, two out of three ain’t bad. But organization … well, I’m still working on that one. I successfully cleaned out my closets and reorganized my kitchen cabinets and pantry early in the year, but my home office is still not the tidy, efficient workspace I know it can be. And every weekend, it seems, something more fun exciting urgent keeps popping up instead.  



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