Own Rental Property? The IRS is making you issue more 1099′s!

More and more paperwork for the IRS

On September 27, 2010, President Obama signed the Small Business Jobs Act into law. Overall, this is great news. It extends successful SBA recovery loan provisions, more than doubles the max loan size for the largest SBA programs, establishes a new $30 billion dollar small business lending fund, creates eight new small business tax cuts, and on and on and on. Download the summary or put … [Read more...]

Snowvember in Seattle – Freezing Cold Temperatures and SNOW!

Seattle Needle Snow

What’s with Seattle’s FREEZING Cold Temperatures and SNOW in November?  La Niña, Spanish for “the Girl” is behind Seattle’s out of the ordinary weather conditions. La Niña is an ocean-atmosphere phenomenon that is the counterpart of El Niño, meaning “the boy,” and part of the overall El Niño-Southern Oscillation climate pattern.  Scientists aren't exactly sure what … [Read more...]

Seattle Area Home Sellers FSBO Assistance

For Sale by Owner        - Photo by Artist Mike Wilson

At VerraTerra, we believe that you shouldn't have to hand over a large portion of your equity to a Seattle area real estate agent for services you can do yourself.  If you are looking to sell your Seattle area real estate property, our FSBO Assist Listing Plan is an affordable and effective alternative to paying costly real estate commissions and is a good choice as a Seattle … [Read more...]

Operation Home Relief Campaign on FaceBook

Operation Home Relief Cause Campaign

One month ago, HouseLogic (the National Association of REALTORS®’s consumer website) and USA Cares (a non-profit, charitable organization) launched Operation Home Relief on Facebook, a cause campaign dedicated to helping militarily families in danger of loosing their homes to foreclosure. HouseLogic offers free information on their website about homeownership for homeowners as well as an … [Read more...]

October Puget Sound Real Estate Statistics and Analysis

Running Pending Sales Graph

So How is the Market? A question I get all the time.  It's been a while since I did some in-depth analysis on how the market is, so let's take a look.  October's sales numbers are in from the NWMLS and there are some positives as well as negatives to take from it .  In the 4-County area of King, Snohomish, Pierce and Kitsap counties for single family and condo sales combined, pending sales … [Read more...]

Real Estate Commission Craziness – What value can an agent bring to be paid $500K on one sale?

Big payday for an Agent

No I'm not talking about $500,000 as a home's sale price.  I'm talking about $500,000 in commissions that would be paid to a real estate agent. The Puget Sound Business Journal had a post about a new house in Mercer Island going up for sale for $28.8 million dollars.  I pulled the listing up and sure enough….$28.8 million dollar home.  It's obviously a beyond gorgeous house.  What caught … [Read more...]

Which way is the market going?

data-nov-comparisons

This is a very common question to ask. In today's market, there is no good and straightforward answer. The best thing we can do right now is take data points from multiple areas and make some educated predictions.   This morning, news came out here, here and here that Washington state had its first positive gain in jobs this past December to January since November 2008. Note that the job gains … [Read more...]

Our Site Launches

Welcome to VerraTerra! We are a local real estate brokerage that offers buyers and sellers a more efficient and potentially less costly way to buy and sell real estate. Take a look through our buyer and seller services and let us know what you think. You can also search all the listings in the NWMLS, sign up for property alerts, etc. … [Read more...]

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