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Mary Easton
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Archive for March 2009

10 Landscaping Tricks That Wow Buyers in Auburn

Monday, March 30th, 2009

First impressions are important.  Often Auburn buyers will judge a home from the outside before ever coming in.  It is important to have the outside of your Auburn home looking as spiffy as possible. As we all know, here in the Pacific Northwest and Auburn, we are fortunate to have an abundance of native evergreen plants that grow naturally and look green and nice throughout the year.  Here are some tips for making the outside look as eye-catching as possible.

1. Add splashes of color. Put a pot of bright flowers on your porch or entryway in spring and summer.  In fall, decorate with fall colors and decorations.  In winter, put a small evergreen on the porch.

2. Have the lawn well-manicured with proper edging, mow the lawn every week in the spring & summer (and right before the buyers are scheduled to come), and water consistently as necessary to produce a green lawn.  A green lawn demonstrates tender loving care.

3. Trim bushes so that they do not block windows, doors, and other architectural features on the home’s facade.  It is important to be able to see the home as clearly as possible, and nice bushes that are neatly trimmed catch the Auburn buyer’s eye.

4. Add fresh bark to border areas to enhance the “newness” of a home.  This is comparable to painting the interior of the home.   A fresh, new look is very desirable.  Of course, along with this, weed any flower beds that border the lawn and sidewalk up to the home.

5. Use decorative architectural elements.  A new mailbox, planted window boxes, a park bench, and a low fence are some ideas that can help to create emotional appeal.  An excellent additional is an arbor, if there is room to have one in either the front or back yard.

6. If you have a patio or deck, have a nice patio table and chairs to complement the outdoor living space.

7. Clean the gutters, rake any pine cones in the yard and borders, and stain any fences to look fresh and new.

8. Pressure wash the driveway, sidewalk, and decks.  Here in the Pacific Northwest and Auburn, we tend to have a green moss-like growth that loves this climate, and grows abundantly over the winter particularly in shady areas.

9. On the house, polish or replace the house numbers, install new doorknobs on the front door, and buy a new doormat for the outside of your front door.  As necessary, upgrade your outside lighting with more attractive fixtures.

10. Let them hear the water.  The sound of water appeals to buyers, and you shouldn’t reserve this for your backyard.  A small fountain accented with rocks provides a pleasant splashing sound, blocks street noise, and is affordable.

Please call me for recommendations on local Auburn landscapers and yard maintenance workers. Also call me for price recommendations and other help on preparing your Auburn home for sale. The market is picking up with sales happening in Auburn, and we do not want to miss the spring, as this is normally a very busy time of the year.  Also, with the first-time home buyer incentives available, the Auburn homes are selling, and selling fast if priced properly and are in top condition, both inside and outside.

Buying a home in 2009: Can I take the first time home buyer credit on either my 2008 or 2009 tax return?

Wednesday, March 4th, 2009

If you purchase a principal residence in Auburn, WA on or after Jan 1, 2009, and before Dec 1, 2009, you can elect to take the first-time home buyer’s tax credit of up to $8000 on either your 2008 return or next year on your 2009 tax return.  The credit is equal to 10 percent of the home purchase price, up to $8000 limit. Here in Auburn, because home prices are higher than some parts of the country, the full credit will most likely apply.

According to the National Association of Realtors, there are a few filing options for the credit this year:

**If you purchase your home between Jan 1, 2009 and April 15, 2009, you can claim the $8000 credit on your 2008 return, due by April 15, 2009.

**If you are planning to close on your home after April 15,  but by October 15, you can file for an extension and just wait until the October 15th tax deadline to file your 2008 tax return to claim the credit.

**If you have already filed your 2008 return and qualify for the $8000 credit but want to take it this year, you can file an amended return on Form 1040X.

**You could also wait and take the credit on your 2009 tax return which is due April 15, 2010, or adjust your withholdings now to get the benefit before filing your return.  However, adjusting your withholdings now may be risky in case you cannot close the purchase before Dec 1, 2009.  Remember, closings MUST occur before Dec 1, 2009 (Not Dec 31st).

$8000 Tax Credit for First Time Home Buyers

Wednesday, March 4th, 2009

On Feb 17, 2009 President Obama signed the massive stimulus bill, the American Recovery and Reinvestment Act of 2009, thus making the $8000 buyer tax credit official.

How does this affect us here in Auburn?  One of the incentives is for first time home buyers who have not owned a home in over 3 years to receive a tax credit of up to a maximum of $8000.  Since this went into effect, I have seen an increase of the number of first time home buyers searching for their first home and showing up at realtors “open houses”.

To some potential purchasers in Auburn, $8000 may not seem like that much money, but for most first time home buyers it will help make the difference in achieving the ability to buy a home. Here is a brief overview of how it works:

1. The tax credit is not a loan and does not require repayment, except if the home is sold within 3 years.  This encourages Auburn first time home buyers to remain in their home for three years at least and hopefully longer, and discourages the practice of short-term buying/selling.

2.
There are income limitations, and a phaseout begins when the modified adjusted gross income exceeds $75,000 ($150,000 if married filing jointly).  The credit is eliminated at $95,000 ($170,000 if married filing jointly).

3. The purchase must be for a primary residence, and the purchaser will not eligible for the credit if the seller is a relative of the buyer.

4.
The credit is available for first time home buyers on home purchases between Jan 1, 2009 and Dec 1, 2009.

5.
It is a refundable credit, meaning that if the credit exceeds the tax owed, first time home buyers get the rest refunded to them. Every dollar of a tax credit reduces Federal income taxes by a dollar.  Credits are claimed on an individual’s IRS income tax return.  See first time home buyer tax credit for more easy-to-understand and detailed information from the National Association of Realtors.

6. The funds are unfortunately not available up front to use for  closing costs.   The credit will be reflected on a new Form 5405 that will be attached to the 1040.

Note:
Another important aspect of the American Recovery and Reinvestment Act of 2009 is funds for each state for infrastructure. Here is a good website for keeping track of where the stimulus money is going state by state, including Washington state.   Rebuilding America’s Infrastructure.

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