Posts written by Tricia Anderson

Realtors: Do Not Install Internet Explorer 8!

The latest test version of Internet Explorer 8, IE 8, is now available from Microsoft. This version is not compatible with Locator. All of NWMLS's applications will be compatible with the final

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First-Time Buyer Tax Credit – Now is a great time to be a home buyer

The Housing and Economic Recovery Act of 2008 may allow first time homebuyers to receive a tax credit of up to $7,500. The credit expires in June 2009. The amount of credit is 10% of the cost of the home, not to exceed $7,500. This credit is refundable and will reduce your income tax liablility for the year of purchase when claimed on your tax return.

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West Bellevue Market Update – $1.5 to $2.0 Million

This market is not what you would call a seller’s market. Things should improve a bit if the house approves a rescue package for this messed up banking system, and the hope is that more buyers will actually start taking the plunge and put a dent in the swelling inventory. Not all is doom and gloom, as there are still buyers out there for well priced homes.

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Distressed Property Law Getting Stressful

When I first wrote about the new distressed property law last month, there were grumblings within the industry about the ancillary affects to Realtors. Judging from yesterday's article in the Seattle Times, there is room for debate on the specifics of the new law.

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West Bellevue (520) Home Stats – For Sale/Sold/Pending Thumbnail

West Bellevue (520) Home Stats – For Sale/Sold/Pending

These graphs will present no surprise for anyone following the Bellevue market. Nonetheless, it's helpful to quantify trends and present comparative analysis. The last three months show a particularly disconcerting trend of increase inventory and decrease in number sold.

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New Distressed Property Law

New amendments to RCW 61.34 require that all current listing agreements of most residential properties be amended before June 12, 2008 and that new transaction forms be used in all residential sales. The new law also creates new duties for agents and brokers designed to protect owners of “Distressed Homes.”

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16Apr2008

King County Mental Health Tax – Effective April 1, 2008

Effective April 1, 2008, sales and use tax within all of King County will increase one-tenth of one percent (.001). The tax will be used for chemical dependency or mental health treatment services.

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Real Estate Market Update

While it is certainly true that our local market has slowed from it’s supersonic pace of a few years ago, it is still outperforming most other markets nationwide.

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