Always Bring a Shark to a Shark Fight: Why You Should Use A REALTOR When Purchasing A New Build From A Developer

Martha Loveless of Loveless Real Estate Services
The Best Carmichael Realtor | Keller Williams Realty 916-.270.7081
Homes for Sale in Carmichael / What’s Your Carmichael Home Worth?

So you’re considering purchasing a brand new home… no need to bring a REALTOR® right?? WRONG!! Negotiating with a developer and negotiating with a traditional seller are very similar. In fact many seasoned agents will agree that representation on a brand new home is even MORE imperative to minimize your risks than on a tradition resale… lets talk about why??

ALWAYS bring a Shark to a Shark Fight: Often buyers think that upgrades, incentives and pricing are defined across the board for new construction. WRONG! Your Realtor is your negotiator. They will fight to get the purchase price lowered, even on a new construction home.

Everyone on the block will be talking about it!
How did they get such a great
deal compared to everyone else??
Answer: They brought a Shark to a Shark fight.

Most purchasers will trust the developers on-site agent to look out for their best interests. The on-site agent is hired by the developer to do TWO things 1- Sell new homes and 2- Protect the developer. Nowhere in the on-sites sales agents job description does it state “protect and advise buyer’s of their rights, best interests and industry norms.” NOPE! It is imperative to have a knowledge expert to represent and educate you.

Contracts are equally confusing when purchasing ANY home. Many concerning clauses exist in new construction contracts. These clauses are typically downplayed, but they can open buyers up to significant risks! I’ve seen buyers glance over clauses that put their initial deposit at substantial risk, (1-3% of purchase price), lose their new homes over unclear timeline expectations and preemptively waive a traditional appraisal when they are encouraged to use the developers in-house lender.

None of these clauses are in the buyers best interest, ALL of these clauses are in the developers best interest. REALTORS® are well versed in the pit falls of home buying and know the questions that are necessary to flush out these minor clauses that can cause major problems.

You want to ensure your protected in an Real Estate transaction… Always bring a Shark to a Shark fight?

Do you want a list of new builds in your area? E-mail Martha.Loveless@gmail.com

Martha Loveless
916.270.7081
The Best Carmichael Realtor
www.LoveSacMetroHomes.com

*A special thank you to YELP for helping us find the best Mexican Food in Carmichael, CA*

Homes for Sale in Carmichael 95608 under $800,000
Homes for Sale in Carmichael 95608 under $700,000
Homes for Sale in Carmichael 95608 under $600,000
Homes for Sale in Carmichael 95608 under $500,000
Homes for Sale in Carmichael 95608 under $400,000
Homes for Sale in Carmichael 95608 under $300,000
Homes for Sale in Carmichael 95608 under $200,000

 

The Best Tacos and Mexican Food in Carmichael, CA – Martha Loveless

Martha Loveless of Loveless Real Estate Services
The Best Carmichael Realtor | Keller Williams Realty 916-.270.7081
Homes for Sale in Carmichael / What’s Your Carmichael Home Worth?

We all love Tacos….Right? We’ll instead of searching online trying to find where to go, I have gathered and put together a list of the top Mexican Restaurants in Carmichael. (In no particular order)

El Papagayo
5804 Marconi Ave.
Carmichael, CA 95608

California Burrito
7425 Fair Oaks Blvd.
Carmichael, CA 95608

El Pollo Feliz
4717 Whitney Ave.
Carmichael, CA 95608

Mesa Mercado
6241 Fair Oaks Blvd.
Carmichael, CA 95608

Take a look at my video where I went to have lunch at Mesa Mercado!

Rey Azteca Restaurant Bar
6140 Fair Oaks Blvd.
Carmichael, CA 95608

Joe’s Taqueria
6635 Madison Ave.
Carmichael, CA 95608

El Palmar
2452 Mission Ave,
Carmichael, CA 95608

Senorial Market
5839 Manzanita Ave.
Carmichael, CA 95608

Urbano’s Mexican Resturant
5825 Manzanita Ave.
Carmichael, CA 95608

Garcia’s Mexican Restaurant
6049 Madison Ave.
Carmichael, CA 95608

Martha Loveless
916.270.7081
The Best Carmichael Realtor
www.LoveSacMetroHomes.com

*A special thank you to YELP for helping us find the best Mexican Food in Carmichael, CA*

Homes for Sale in Carmichael 95608 under $800,000
Homes for Sale in Carmichael 95608 under $700,000
Homes for Sale in Carmichael 95608 under $600,000
Homes for Sale in Carmichael 95608 under $500,000
Homes for Sale in Carmichael 95608 under $400,000
Homes for Sale in Carmichael 95608 under $300,000
Homes for Sale in Carmichael 95608 under $200,000

Are Your Tax Returns Depressing? Owning a Home Could Help!

Martha Loveless of Loveless Real Estate Services
The Best Carmichael Realtor | Keller Williams Realty 916-.270.7081
Homes for Sale in Carmichael / What’s Your Carmichael Home Worth?

 

Tax season…it’s not the best time of year, we know. And many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home.

According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership.

Here are four items, and a quote on each, from the Briefing Book:

1. Mortgage Interest Deduction

“Homeowners who itemize deductions may reduce their taxable income by deducting any interest paid on a home mortgage. The deduction is limited to interest paid on up to $1 million of debt incurred to purchase or substantially rehabilitate a home. Homeowners also may deduct interest paid on up to $100,000 of home equity debt, regardless of how they use the borrowed funds. Taxpayers who do not own their home have no comparable ability to deduct interest paid on debt incurred to purchase goods and services.”

2. Property Tax Deduction

“Homeowners who itemize deductions may also reduce their taxable income by deducting property taxes they pay on their homes.”

3. Imputed Rent

“Buying a home is an investment, part of the returns from which is the opportunity to live in the home rent-free. Unlike returns from other investments, the return on homeownership—what economists call “imputed rent”—is excluded from taxable income. In contrast, landlords must count as income the rent they receive, and renters may not deduct the rent they pay. A homeowner is effectively both landlord and renter, but the tax code treats homeowners the same as renters while ignoring their simultaneous role as their own landlords.”

4. Profits from Home Sales

“Taxpayers who sell assets must generally pay capital gains tax on any profits made on the sale. But homeowners may exclude from taxable income up to $250,000 ($500,000 for joint filers) of capital gains on the sale of their home if they satisfy certain criteria: they must have maintained the home as their principal residence in two out of the preceding five years, and they generally may not have claimed the capital gains exclusion for the sale of another home during the previous two years.”

Bottom Line

We are not suggesting that you purchase a house just to save on your taxes. However, if you have been on the fence as to whether 2017 is the year you should become a homeowner, this information might help with that decision.

Disclaimer: Always check with your accountant to find out what tax advantages apply to you in your area. 

Martha Loveless
916.270.7081
The Best Carmichael Realtor
www.LoveSacMetroHomes.com

*information provide by www.KCMBlog.com*

Homes for Sale in Carmichael 95608 under $800,000
Homes for Sale in Carmichael 95608 under $700,000
Homes for Sale in Carmichael 95608 under $600,000
Homes for Sale in Carmichael 95608 under $500,000
Homes for Sale in Carmichael 95608 under $400,000
Homes for Sale in Carmichael 95608 under $300,000
Homes for Sale in Carmichael 95608 under $200,000

Looking to Move-Up to a Luxury Home in Carmichael? Now’s the Time!

Martha Loveless of Loveless Real Estate Services
The Best Carmichael Realtor | Keller Williams Realty 916-.270.7081
Homes for Sale in Carmichael / What’s Your Carmichael Home Worth?

If your house no longer fits your needs and you are planning on buying a luxury home in Carmichael, now is a great time to do so!

The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer, or can be found at a discount.

 

Those who have a starter or trade-up home to sell in Carmichael will find buyers competing, and often entering bidding wars, to be able to call your house their new home.

The sale of your starter or trade-up house will aid in coming up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.

But not all who are buying luxury properties in Carmichael have a home to sell first.

In a recent Washington post article, Daryl Judy, an associate broker with Washington Fine Properties, gave some insight into what many millennials are choosing to do:

“Some high-earning millennials save money until they are in their early 30s to buy a place and just skip over that starter-home phase. They’ll stay in an apartment until they can afford to pay for the place they want.”

Bottom Line

The best time to sell anything is when demand is high and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs, and are looking to step into a luxury home… Now’s the time to list your Carmichael house for sale and make your dreams come true.

 

 

Martha Loveless
916.270.7081
The Best Carmichael Realtor
www.LoveSacMetroHomes.com

*information provide by www.KCMBlog.com*

Homes for Sale in Carmichael 95608 under $800,000
Homes for Sale in Carmichael 95608 under $700,000
Homes for Sale in Carmichael 95608 under $600,000
Homes for Sale in Carmichael 95608 under $500,000
Homes for Sale in Carmichael 95608 under $400,000
Homes for Sale in Carmichael 95608 under $300,000
Homes for Sale in Carmichael 95608 under $200,000