How’s the real estate market in Seattle doing?
Once one of the hottest real estate markets in the country, the current state of the Seattle real estate market is a bit different than it was in 2021. According to recent data, median home prices in King County, Snohomish County, and Pierce County have all seen a correction to the downside in the past year.
In King County alone, the median home price in May of 2022 was nearly $1 million. In May 2023? The median home price in King County is down about 9%.
Could a softening of home prices in a key metro area in the Pacific Northwest indicate the start of a regional trend? With the current market conditions, it’s likely going to vary by market. Factors like job availability, local investment, and education are going to continue to influence where homebuyers want to buy homes.
What happens if you sell your home while collecting social security?
Are you collecting social security benefits, but want to sell your home? It’s common for folks who are getting benefits to want to downsize. However, there are a few aspects to consider before putting your house up on the market.
First, think about the final implications. Do you need to tap into your home equity for a major expense? You may not need to sell. Home equity loans or HELOCs may be an answer. You may also be able to use Guaranteed Rate’s HECM program if you qualify. You’ll also have to consider the impact of the capital gains tax if you choose to sell. A tax professional will be able to help guide you through this process.*
You’ll also have to think about the income limitations that may come into play. Earning income on a home sale has the potential to impact the taxation of your benefits or eligibility for certain programs. Also, a home sale may impact your asset profile which also can affect eligibility for programs like Medicaid or Supplemental Security Income.
What’s the secret to keeping your lawn as green as possible?
Most homeowners take pride in having the greenest lawn on the block, but what’s the best way to keep it looking nice? The team at Realtor.com has a few tips to keep your lawn looking its best.
The little-known secret? Turf paint. Lawn paint is water-based, non-toxic and actually environmentally friendly. It’s specially formulated to give the grass a vibrant green without harming the environment.
It also lasts for a long time. Several brands can last anywhere from a few weeks to a few months depending on the weather conditions.
Also, if you’re putting your home on the market, turf paint is a great way to make listing photos really pop.
* Guaranteed Rate does not provide tax advice. The consumer should always consult a tax advisor for information regarding the deductibility of interest and other charges in their particular situation.
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