Archive for February, 2010
Many of you may not be aware that if you are 61 or older, and make less then $35,000 per year, you are entitled to a property tax exemption (reduction).
Many of you may also not be aware that you can also qualify for the same exemption if you are retired as a result of a permanent disability regardless of age so long as your income is under the $35,000 limit.
In order to qualify for the exemption you must fill out an application and submit it to the King County Assessor’s office.
You must be in possession of the home on January 1st of the year you apply for the exemption.
So this won’t help you if you are searching for a home right now, but if you qualify, you can apply next year and save yourself a lot of money in the future.
Applications are available on line or by going to their web site by clicking here.
There are also allowances for widowed spouses and widowed spouses of veterans.
Feel free to contact them if you have any questions. It can save you thousands of dollars on Taxes each year.
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Rob Graham
Windermere Real Estate
206-321-6349
Popularity: 9% [?]
The new numbers are out through January 2010. The following graph is the average home price for single family homes in Seattle.
Pretty flat over the past year. Some seasonal fluctuation, but the good news is that home prices do not appear to be drifting lower at this point.
It is true that prices are being buoyed by the first time home buyer tax credit. It will be interesting to see what happens when that expires in April.
So how about condos?
More of a rollercoaster with condos over the past year and a half, but still encouraging news out of the most recent month. Buyers saw an opportunity with lower prices, good interest rates and a tax credit.
Condos are still struggling with so much inventory on the market and a higher percentage of the homes being short sale and bank owned compared to single family homes.
Overall, we are still cruising along the bottom of the recession as far as houses are concerned.
Overview: A great time to buy if you are a first time home buyer or moving to a larger (more expensive) home.
Give me a call if you need help.
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Rob Graham
Accredited buyers Agent
Windermere Real Estate
206-321-6349
Popularity: 11% [?]
ABOUT
Call today for a free consultation on how you can find the home of your dreams. 206-321-6349 or simply visit my web site www.robgrahamrealestate.com
