Tag Archives: sellers

With Home Inventory Low – Go Brent is Ready to help Sellers

The number of single-family homes on the market now is quite low. Sellers don’t have a lot of competition and we have many buyers who are eager to buy but are fazed by the lack of inventory.

If selling your home has crossed your mind, now may be an excellent time to sell. We are currently meeting with homeowners to discuss if they should put their home on the market quickly to take advantage of the lack of inventory or prep their home and wait for the spring market.

Sellers Blog | 9309 Glenville
9309 Glenville Road
Long Branch Village

Listed and Under Contract in:
6 days

*Just 70 days from listing to sold

Sellers Blog | 111 Elm Ave
111 Elm Avenue
Takoma Park

Listed and Under Contract in:
6 days

*Received multiple offers for more than list price

Sellers Blog | 301 Lexington
301 Lexington Drive
Woodmoor

Listed and Under Contract in:
5 days

*Previously on market 4+ months with another brokerage

A Go Brent agent can provide you with a free consultation to discuss your property and the current market situation.

Please reach out if you are interested in a free seller consultation or would like to discuss other options such as leasing or home renovation projects.

How the tax bill impacts homeowners, buyers and sellers via Chicago Tribune

(Getty)

We thought this article provided a good concise overview of the tax bill and changes for homeowners, buyers, and sellers. Check out the list below and see how the final version of the tax bill can affect you.

The post below was originally published via The Chicago Tribune

“Standard deduction: The new law increases the standard deduction to $12,000 for single filers and $24,000 for joint filers. For many homeowners it no longer makes sense to itemize deductions.

Mortgage interest deductions: The new law caps the limit on deductible mortgage debt at $750,000 for loans taken out after Dec. 14. (Loans made before that date can continue to deduct interest on mortgage debt up to $1 million.) Homeowners can refinance mortgage debts that existed before Dec. 14 up to $1 million and still deduct the interest as long as the new loan does not exceed the amount refinanced. The interest on a home-equity loan can be deducted as long as the proceeds are used to substantially improve the home. Mortgage interest on second homes can be deducted but is subject to the $750,000 limit.

State and local property taxes: The new law limits the property tax deduction to $10,000. The bill specifically precludes prepaying 2018 state and local taxes in 2017.

Capital gains exclusion: Home sellers can exclude up to $500,000 for joint filers or $250,000 for single filers for capital gains when selling a primary home as long as the homeowner has lived in the residence for two of the past five years. An earlier proposal would have increased that requirement to five out of the last eight years but it was struck down.

Deduction for casualty losses: The law restricts the deduction to only losses attributable to a presidentially declared disaster.

Moving expenses: The law eliminates the deduction except for members of the military.

Estate tax: The law doubles the estate tax exemption to $11.2 million.

Historic Tax Credit: The HTC has been used to fund renovations in more than 40,000 historic structures since 1981. The law continues to provide a 20 percent credit when the certified historic property is placed into service but the new law spreads the deduction over five years.

Low-Income Housing Tax Credit: The bill retains the 4 percent LIHTC, which funds about a third of all affordable housing construction.”

Buying a Home in a Seller’s Market

1504 Ballard Street, Silver Spring – Just 6 days on the market and under contract!

Our region is currently experiencing a “seller’s market,” meaning the demand for housing currently exceeds the supply and as a result, the market can be quite competitive for buyers – there may be multiple offers or homes may go under contract quickly.

Go Brent Team offers clients a working partnership to assess your needs and assist you to determine the best strategy for buying in the current market. Tammy Thomas, Cari Jordan, and Debbie Gerald are all full-time agents who have an unrivaled command of the local market.

WHAT WE DO

First, we provide you with a free consultation to get a clear picture of your ideal home. We work to ensure you are aware of the best properties available in your desired area, price range, and location; we can also suggest other neighborhoods that you may have overlooked but might want to consider. We provide you with sound advice by assessing what’s happening in today’s market and taking into account market forecasts, as well as your preferred timeframe and needs.

We recommend experienced lenders who can pre-approve you and determine the best financing plan for your situation. Your choice of lender will play a role when sellers and listing agents consider your offer; we’ll offer you guidance so you can make the best decision.

We also provide you with on-going updates of available properties in your target neighborhoods. We schedule showing appointments and assist you to compare homes. We are area experts and well connected in our communities. We can plug you in to local resources for hot topics like schools, transportation, parks, entertainment, dining and more. We offer you flexibility to tour homes when you are available. We are also in constant communication with agents in your target neighborhoods and often learn of new listings before they hit the market!

When you are ready to make an offer, we strategize to prepare your strongest offer. Writing and negotiating an offer is complex; our experience, knowledge and transaction volume means we can offer you expert advice. Go Brent Team agents are well-known, well respected, and have collegial relationships with area Realtors, so we offer you negotiating strength.

We would be happy to assist you whether you are ready to buy now or contemplating a future move.

SCHEDULE YOUR FREE BUYER CONSULT: