Economy · Real Estate

Thinking of Moving your Business?

Ever wonder where the best place is to have your business? Consider moving your business to Vancouver, WA!

Check out Forbes special report dated Sep. 23, 2009. Below are the top 10 states reported by Forbes.

#1 Virginia
#2 Washington!!! Consider Commercial Business Opportunities in Clark County, WA!
#3 Utah
#4 Colorado
#5 North Carolina
#6 Georgia
#7 North Dakota
#8 Texas
#9 Nebraska
#10 Oregon

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Economy · Enviroment · News · Real Estate

Public Transportation…

With all the economic and environmental concerns we have today, public transportation is a hot topic.  When shopping for real estate, public transportation may be something you want to consider.  Staying informed about C-Tran’s 20 Year Transit Development Plan could play an important part in deciding where you want to live and invest in real estate. Knowing where C-Tran is going to put a new transit center, add or eliminate a route, or where they are going to close a transit center could effect your decision to buy a property. This information could also effect the salability and/or value of your current home if you are considering selling.

Public transportation plays an important role in our community. C-Tran has been providing public transportation within Clark County for 29 years, connecting Vancouver, Camas, Washougal, Battle Ground, Yacolt, Ridgefield, La Center, and Portland (Oregon).

For more information, check out C-Tran’s website at: http://www.c-tran.com

Economy · News · Real Estate

Oregon Increases Taxes on the Wealthy…

Oregon’s top earners may be preparing for a mass exodus now that Oregon has voted to target the wealthy to solve their deficit problems.

It is possible SW Washington will see businesses and high income earners relocating over the border to avoid the new tax increases. Prior to this tax increase being passed we talked to several people from Oregon that said, “If Oregon increases our taxes, we are out of here.”

Time will tell if Oregon’s tax increase will cause a wave of top earners to move across the border into SW Washington. At a time when Washington has it’s own deficit problems, a move like over the border could benefit Washington state greatly.

Regarding Washington’s budget shortfall, Governor Chris Gregoire said “I will do my best to avoid any new taxes that slow our economic recovery. I will balance, as best I can, my interest in keeping new taxes down, while still protecting programs that I believe the vast majority of us agree are just too important to eliminate. We need a combination of reduced funding for services and raising revenue.”

Avoiding new taxes may sound very appealing to Oregon’s high income earners.

Economy · Real Estate

Home sales are up…

Real Estate is picking up as home sales increase.  We are seeing more and more bidding wars on the lower priced homes.  Look in the rear view mirror folks and you’ll see the bottom of house prices as they start to slide back up ever so slowly.

Investors aren’t making much money in the banks, so many of them are buying up real estate.  Many of them are pooling their assets to purchase low priced homes. These money pools enable them to offset the risk of buying homes, making it a desirable venture.  This means the regular family home buyer needs to be prepared to make a competitive offer if they want to buy a home.

No word if Washington DC will extend the tax credit as the deadline inches closer. If you want to take advantage of the tax credit, it’s best to avoid short sales and, in some cases, bank owned properties that are notorious for taking a long time to close.  On the flip side, waiting could save you as much or more than the actual tax credit.

It’s a numbers and waiting game where everyone wants to win. If you’re a home buyer, buy because you want the house so you won’t regret the purchase later. There’s nothing worse than compromising to get a deal instead of getting the house you really wanted.

Economy · Real Estate

Economic Stimulus?

If you haven’t already heard, the feds are trying to generate home sales by offering tax credits to home buyers!

Currently, first time home buyers can get a Homebuyer Tax Credit  of up to $7500 if the home buying their primary residence and they close between April 9, 2008 and July 1, 2009.  Basically, this “credit” has to be paid back one payment a year, due at tax time.  It’s like a 0% interest loan.

But wait!!  A new tax credit has been proposal that would increase the credit to $15,000, remove the pay back feature on the credit and might extend it to all home buyers.  It is still not clear if the buyer must be a first time home buyer. 

There’s also talk of another provision to help all creditworthy homeowners refinance their mortgages at rates of 4.5 percent or lower.

And there’s talk of a proposed tax credit if you buy a new car.  (Detroit’s gotta love that!)

Stay tuned for the final rendition of this bill. 

Please consult a tax professional regarding all your tax matters.