I’ve heard several media reports that right now it is better to rent than to own in many areas, including the Pacific NW.
I struggle with this information for the following reasons…
- Interest rates are LOW right now. Why risk rates going up in the future?
- Home prices are low. If you have time to play the short sale waiting game, there are some excellent short sale deals on the market right NOW!
- Rent is not fixed. Rent may be low today, but remember a landlord CAN increase your rent in the future.
- Who really benefits when investors buy up all the short sales?
- Have you considered the fact that overall home prices go up when investors buy, fix and sell homes for a profit?
- Why should I let investors buy houses at a low price so they can turn around and rent them to me for a profit?
If you’re worried about unexpected home repairs that come with home ownership vs. the convenience of calling a landlord to fix things, consider buying a Home Warranty when you purchase your home. A Home Warranty typically covers systems (heating, plumbing, electrical) and appliances within a home. Structural issues (walls, floors, windows, roof) typically are not covered with a Home Warranty.
Don’t let investors buy your dream home!
Remember, there are tax advantages to home ownership for the owner occupied buyer (you) and the investor.
I recommend investing in your own dream home NOW!
Contrary to what many believe, home ARE selling fast. Start shopping the home market today…
Start DREAMING Today!
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.
#2 Washington!!! Consider Commercial Business Opportunities in Clark County, WA!
#5 North Carolina
#7 North Dakota
Just launched a new website created for buyers searching the MLS for property in SW Washington. It’s called VancouverWAhomes-ClarkCountyRealEstate.com. This website is a portal to my FREE property search feature. Unlike other sites out there, my site does not require a shopper to initially create an account to use my property search feature. This allows customers time to test my site to determine if they like it.
Non-account search features include:
- Ability to search based on your personal criteria
- Share information via social media like Facebook, Twitter, MySpace, etc.
- Request more information
- Schedule a showing
- Map location
After viewing 500 detail pages a customer will be required to create an account. I figure if a customer is looking that hard, they might as well create an account.
Creating an account offers the following features:
- Save custom searches
- Save unlimited properties to compare or show others
- Free customized email updates (only receive the information you want)
- Organizational tools
- Private and password protected
You’re invited to check out my site and let me know what you think of it. VancouverWAhomes-ClarkCountyRealEstate.com
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.
I’m pleased to announce my new Property Search feature has been activated on my website. I’m very excited about adding this powerful feature to my site. It allows you to search for properties, save property searches, have new listings sent directly to your email, request additional information or showings and much, much more.
My website is your doorway to the SW Washington real estate market. Google: JoElla Realty to find me. How easy is that? Please check it out soon and let me know what you think. byjoella.com
I’m working hard to get a new property search set up on my website (byjoella.com) for my customers. I had hoped to have it up by the new year, but the holidays delayed my launch. I “should” have it up the first week of January.
I’m very excited about this feature. It will enable my customers to search for properties for FREE. It will also allow customers to save properties and set up a search that automatically sends them search results. The best part is, I’m local! By using my site, customers have my local expertise at their service.
Also, this feature will enable me to feature my own listings on the search results. This can be very advantageous for a seller when competing with all the other listings out there.
The internet is my office; adding this feature gives customers the convenience of shopping from home. If you have questions, you simply click the link in the page and it sends me a message.
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.