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Expert Tips for Navigating the Real Estate Market

Our mission at The HomeSmiths Team is to be your best resource for real estate advice. Whether you are a buyer, seller, or investor, our team of professionals can answer any questions you might have about real estate. Subscribe to this blog to get the latest news on local market trends and receive expert tips for buying or selling a home.

Thursday, June 29, 2017

How We Helped Adam Sell His Home in a Timely Matter

“The results were great! He, by far, exceeded our expectation and it was great. He handled everything as timely as possible and it was flawless. He found somebody last minute to get the sprinkler system fixed when my guy dropped the ball and wasn’t able to do it right at the end. Adam was able to get someone to get it fixed before the deadline.”

Monday, March 27, 2017

Can You Save Money by Itemizing Your Taxes This Year?

Did you buy a house in 2016? You might be wondering if you should take the standard tax deduction or to itemize them. Here’s how to find out which makes more sense for you.

If you purchased a house in 2016, you’re probably considering whether you should itemize your taxes or take the standard deduction. The first thing you want to do is add up all the costs of buying the house. Find your closing settlement statement to figure out your loan costs and fees, which can be deducted. These fees include your application fee and underwriter fee, among others. Your biggest item on this list will be your mortgage interest, and the best place to find this is probably your last statement. You can also deduct property taxes, but only for the period of time that you’ve owned the home. If you put down less than 20% to buy your home and you have mortgage insurance, it can be itemized as well.

If your costs exceed the standard deduction amount, you’ll save money by itemizing your taxes.

Add up that list and compare it to the standard deduction; $6,300 for a single person or $12,600 if you’re married. If your list of costs exceeds the standard deduction, it makes more sense to itemize your taxes. If you have any questions for us or you need a referral for a great accountant to help you out, we’re always here to help. Just give us a call or send us an email soon.

Thursday, February 9, 2017

What Makes Denver's Market So "Sweet?"

The Denver market is sweet for buyers and sellers alike. Here’s how.

The Denver market is pretty sweet right now, whether you’re buying or selling. We are experiencing one of the best job markets ever, we have one of the lowest unemployment rates in the country, and one of the most active real estate markets as well. If you’re a homeowner already, you know the market has been sweet if you’ve taken advantage of the great appreciation we’ve seen over the last few years. In some years, we’ve seen over 10% appreciation. If you’re thinking about selling, things are looking pretty good for you right now. As a buyer, don’t lose hope. We have a fairly affordable market here in Denver because of our low interest rates. They are still only at 4% right now. However, the Federal Reserve is talking about raising them at least three times this year. If you’re thinking about buying a home any time in the next few years, now is the time to consider making a move.

Some homes have seen double-digit appreciation.

With Valentine’s Day right around the corner, we want to treat our great clients to a box of candy. We’ll be handing them out on February 13th and February 14th at our office from 10 a.m. to 3 p.m. If you just give us a call or send us an email letting us know you’re coming, we’ll set aside a box especially for you.

If you have any other questions for us or if you’re looking to buy or sell sometime soon, give us a call or send us an email. We would love to hear from you.