Thursday, January 16, 2020 / by Ariadne Gold
If you’re buying a home, you’ve probably had multiple people (including your agent) tell you to get a home inspection. But why is that important? You might think, “the furnace and water heater are new, the roof is only 5 years old; do I really need an inspection?” The short answer is yes, you do. Here’s why!
A home inspector isn’t going to only look at the big things, like the furnace and the roof. They will look for anything and everything that should be fixed! They will also look at things like how much insulation is in the attic, and whether it needs more. They will look at the foundation, and if it seems like it may have some problems, they will suggest that a foundation expert check it. They check all the outlets to make sure that they work, and that the bathroom and kitchen outlets are GFCI. They will look at the condition of the siding on the home, along with the windows.
I’ll give ...
Thursday, January 16, 2020 / by Kylene Emery
If you’ve only ever rented before, the necessity of a home warranty may be unknown to you. As a renter, you are used to a landlord who will fix any issues you run into - but that all changes when you become a homeowner. Now, when a water heater breaks or the fridge starts to leak on the new floors in the kitchen, there is no landlord to call. So what do you do now? You may have a friend or family member who can handle the smaller fixes, but when it comes to the big issues that will end up emptying your pockets, a home warranty can save the day.
A home warranty is similar to insurance, as it covers some or all of the costs of replacements or repairs when a system in your home malfunctions or stops working altogether. They range in annual costs of $300-$600 and remove the middle man in the fixing process. Instead of finding someone to fix an issue, you will directly contact your warranty provider and they will set up the repair or replacement with the appropriate vendors. Your pre ...
Wednesday, January 15, 2020 / by Keri McCombs
Effective January 1, 2020, a new law went into place that impacted the way excise tax is calculated in the state of Washington.
But before I address what changes were made, I first want to go over excise tax, what it is, what you need to know about it, and how it impacts YOU.
What Is Excise Tax?
Excise tax, generally speaking, is a tax on the purchase of a good. So in this case, real estate excise tax is a sale on the sale of a home or property. In the state of Washington, the seller is responsible for paying this tax when a property sells. However, if the seller doesn't make sure it's paid, the buyer does become liable. There is only one time where I know this happens, which I'll discuss towards the end of the article.
Real estate excise tax, also known as REET, has historically been 1.78% of the purchase price for most of the greater Spokane area (1.28% state levy rate plus 0.50% levy rate for most cities). However, the state of Washington has been discussin ...
Monday, January 13, 2020 / by Ariadne Gold
If you’re thinking of buying a home, you may be thinking specifically about single family homes. Depending on where you’re thinking of purchasing, you may not even be thinking about condos. However, condos can be a great idea for some people!
1. What is a Condo?
So, what is a condo? Condos are homes that are owned by individual people, but are physically connected. These can be apartment style building or townhomes (where the units are side by side.) Buying a condo involves a few more steps than buying a single family home.
2. What is an HOA?
The first thing to know is that all condos have HOAs. HOA stands for Homeowners association. The HOA handles the common areas, rules, budgeting, and insurance for the community. All owners are required to pay HOA fees, which pay for some utilities, insurance, and common area maintenance. Some condos will ...
Monday, January 13, 2020 / by Kylene Emery
While house hunting in the winter was never really a thing of the past, today’s culture keeps things going year-round - which means finding a home can be done at any time of the year. While exploring in the cold might be your focus or concern, house-hunting in less-than-ideal conditions can show you things you can’t always see on a warm, sunny day. Here are some things to keep in mind as you try to find a house can call home.
Winter Weather Can Help You See Hidden Flaws
Even if you don’t love the cold and snowy weather, it can help you see household flaws that you may not see in the warmth of summer. Maybe the windows are drafty or there is a major loss in privacy when the trees are bare from the cold. It will also help you to love your home for its’ bones, and only love it more when warmer seasons arrive bringing flowers, grass, and colorful foliage.
Photos Can Help Fill In The Blanks
It can be hard to picture what a poolside oasis looks like when it is cov ...