Thursday, January 11, 2018 / by Christine Robertson
Today I’m excited to introduce the very first episode in a series called “Do the Math”, where we’ll be discussing the math problems that people don’t generally do before buying or selling a home.
Since a house is generally one of the biggest purchases someone will make in their lifetime, it’s important to “do the math” so you’re not leaving any money on the table.
Before we get to this week’s example, however, I strongly encourage you to check out my book “Shortchanged by Shortcuts? 44 Surprising Ways People Rip Themselves Off When Buying or Selling Their Home”. It is full of problems that you need to take into consideration before buying or selling a home.
Now, back to everyone's favorite subject. Math.
Let’s say two of my clients are out to buy a lovely house in Lynnwood. The house is being represented by an agent named Sally, who works for RedFin. RedFin, a discount brokerage, priced the hou ...
Thursday, December 28, 2017 / by Christine Robertson
There is a new tax plan. How exactly will this tax plan impact homeownership and the Seattle real estate market?
How will the new tax plan impact the Seattle real estate market?
There are a lot of things to address in this tax plan, and I’m going to cover a very narrow segment today. I’m not interested in getting into the politics of it, but there is a valid question to address here: Will this tax plan negatively affect the Seattle market?
If you check out the video above, you’ll see a graph that I borrowed from SeattleBubble.com. This is a great blog to follow if you are interested in the ins and outs of Seattle real estate.
In the current plan, after you get to $200,000 in homeownership, it makes sense to itemize your taxes. Itemizing allows you to pay less than the standard deduction.
In 2018, it doesn’t make sense to itemize your taxes until you get to $500,000 in homeownership.
As you will see in the graph in the vid ...