Tomashowski Blog

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Posted by Tomashowski Team on May 17th, 2018 4:30 PM
Link to tour: http://www.tourfactory.com/1990660


Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:30 PM
https://www.reviewjournal.com/business/housing/april-las-vegas-home-prices-up-16-1-percent-from-last-year/
Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:29 PM
Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:28 PM
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Posted by Tomashowski Team on May 17th, 2018 4:28 PM
https://www.reviewjournal.com/homes/real-estate-millions/mount-charleston-cabin-lists-for-939000-video/
Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:27 PM
Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:27 PM

Overlooked Record Keeping Homeowners are familiar that they can deduct the interest and property taxes from their income tax returns. They also understand that there is a substantial capital gains exclusion for qualified sales of up to $250,000 if single and $500,000 for married filing jointly. However, ongoing recordkeeping tends to be overlooked. New homeowners should get in the habit of keeping all receipts and paperwork for any improvements or repairs to the home. Existing homeowners need to be reminded as well, in case they have become lax in doing so. These expenditures won’t necessarily benefit in the annual tax filing but may become valuable when it is time to sell the home because it raises the basis or cost of the home. For instance, let’s say a single person buys a $350,000 home that appreciates at 6% a year. Twelve years from now, the home will be worth $700,000. $250,000 of the gain will be exempt with no taxes due but the other $100,000 will be taxed at long-term capital

Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:26 PM
View the virtual tour: http://www.tourfactory.com/1941483


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Posted by Tomashowski Team on May 17th, 2018 4:23 PM
Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:18 PM
Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:17 PM
Posted in:General
Posted by Tomashowski Team on May 17th, 2018 4:17 PM
To view more details of this listing, click the following link: http://www.tourfactory.com/1919250


Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:45 AM

The grass tends to look greener on the other side of the fence. Maybe that’s why some people invest in things they don’t understand. It has been said that the grass is just as hard to mow on the other side of the fence so stay with what your most familiar.

Single-family homes used for rental property give a person a chance to invest in something they understand: a home. They also have distinct advantages over other types of investments.
An investor can borrow up to 80% of the value at fixed interest rates 30 years. The financing creates leverage so that the investor can benefit from the increase in value of the home not just the down payment.

It is reasonable to expect that the home will appreciate while providing tax advantages and practical control that are not available with many other investments. Low housing inventory in many markets has caused rents to increase and low new home growth will make it difficult to keep up with demand.

Consider a $150,000 home purchased for cash that would rent for $1,500 per month. With $18,000 income and allowing for property taxes, insurance and maintenance, it is still reasonable to expect $10,000 net income. There would be an 8% return on investment without considering tax savings or future appreciation compared with 5-year CDs paying less than 2.35% and a 10-year Treasury yield at 2.13%.

An added bonus is the amortization that occurs on the loan as the principal is reduced with each payment. It becomes a forced savings account that increases the equity and isn’t taxable until the property is sold.

The reasonable control has a lot of appeal to many investors who find the volatility of the stock market unacceptable and don’t want the risk associated with alternative investments.

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Posted by Tomashowski Team on April 26th, 2018 11:44 AM
Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:44 AM
With multiple offers in play have you had any thoughts of selling? The market is hot—hot—hot! 
Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:43 AM

The seller has three tools available to affect the marketability of their home: price, condition and terms. Price is the easiest to adjust for the competing properties, amount of inventory or market conditions. However, lowering the price is not necessarily the best decision when trying to maximize the proceeds of sale.

If a home is in poor or outdated condition, updating can be done to make it show favorably with other homes that are currently on the market. Sometimes, sellers rationalize not doing the work by saying they believe the buyers would rather make their own choices. The truth is that most buyers are using all their resources to get into the home and will have to live in its present condition until they can save enough to make the changes they want.

Another reason to go ahead and invest the money and effort into improving the condition is that it is difficult for buyers to imagine the home any other way than its current condition. When comparing one home to another, buyers will sometimes refer to a home as the “stinky house” or the “old kitchen” which may put it at a disadvantage.
While price and condition are the main things that control the marketability, terms can be equally effective. Terms relate to financial considerations made by the seller to induce a buyer to make a decision to purchase their home.

Seller-paid points or closing costs, interest rate buy downs and owner-financing are examples of terms that may increase the marketability of a home because of the additional benefits they offer to buyers.

Increasing the marketability of your home is a great conversation to have with your real estate professional especially to help you get the highest price in the shortest time with the fewest problems.

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Posted by Tomashowski Team on April 26th, 2018 11:42 AM

Borders Toiyabe Nat’l Forest land on 2 sides. Charming main home w/2 bdrms/1-3/4 baths+detached aprx 480 sqft guest quarters w/1 bdrm/1.5 bath. An equestrian dream w/drive thru barn w/five stalls & outside runs, tack area+wash area, hay shed, aprx. 46’x113’ arena & 50’ round pen. Unlimited trail riding. No HOA. Updated solar energy & private well systems. Wild horses/elk/4 seasons. This is a gem 45 minutes from Las Vegas! Offered at $550,000

Link to Virtual Tour: http://www.tourfactory.com/1974353

Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:42 AM
Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:41 AM

View the virtual tour: http://www.tourfactory.com/1262510

OUTSTANDING MTN PROPERTY LOCATED ON A SECONDARY STREET. QUALITY WORKMANSHIP THROUGHOUT! WARM & INVITING W/NATURAL WOODS. IMPRESSIVE LODGE-LIKE PRIMARY LIVING RM W/SOARING CATHEDRAL CEILINGS & MASSIVE STONE FIREPLACE. KITCHEN W/VIKING PROFESSIONAL APPLIANCES. SOLID WD DOORS & WINDOW CASINGS. 3 BDRM SUITES W/BATHS. UNIQUE CUT CUSTOM EXT. WOOD SIDING & RIVER ROCK BASE. EXT. DECKING + MULTIPLE SITTING AREAS. GREAT FOREST SETTING AND VIEWS.

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Posted by Tomashowski Team on April 26th, 2018 11:40 AM
Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:40 AM
Why is the commemoration a top priority for the National Association of REALTORS®? The right to own property, and to own a home, is the foundation of our business. The Fair Housing Act prohibits discrimination based on race, color, national origin, religion, sex, familial status, or disability. The commemoration of the Fair Housing Act is vital because it highlights how far we’ve come in promoting equal housing opportunity-both as a society and as an association-and, more importantly, how much work still needs to be done.

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Posted by Tomashowski Team on April 26th, 2018 11:39 AM
Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:39 AM
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Posted by Tomashowski Team on April 26th, 2018 11:38 AM
Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:37 AM
Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:37 AM
Personal computers have been around long enough that everyone has experienced or knows someone who has lost their data due to a hard drive crash, accident or burglary. If they had a backup, the loss was inconvenient but not critical.

Do you have a backup for your personal belongings? Not that you need duplicates of all the items but do you have a journal listing of all the items with a description and their approximate values? That record becomes the backup that supports the claim for your insurance.

If a building sustains a total loss, the insurance company will usually pay the face amount of the policy. When it comes to personal property which might be 40% to 50% of the insured value of the dwelling, the insurance company is going to expect an accounting with receipts or at least, a relatively recent inventory.

The better your inventory, the less likely you’ll have difficulty with the claim. Almost everyone has a digital camera that can take stills and probably even videos. The combination of the images as well as a written description will help you replace the belongings and serve as proof to the insurance company.

Once you’ve made the inventory, store it off site for safe keeping. Online storage in the “cloud” might be the best place to insure you’ll always know where it is.

Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:36 AM
Posted in:General
Posted by Tomashowski Team on April 26th, 2018 11:36 AM
Posted in:General
Posted by Tomashowski Team on April 4th, 2018 1:47 PM
Enjoy the bubbling creek sounds at this charming CREEK-FRONTAGE CABIN! A choreography of remodel brilliance completed including kitchen w/maple cabinets/island/stainless appliances, laminate floors, granite, updated plumbing & electrical, custom tile/fixtures, siding, energy system, Rolladen shutters, uplifting natural light + more! Alfresco living zone spreads to a covered front wraparound deck, pathway to creek & yard. Excellent sweeping views! .71 acre lot. Offered at $375,000.


Posted in:General
Posted by Tomashowski Team on April 4th, 2018 1:46 PM

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Overlooked Record Keeping Homeowners are familiar that they can deduct the interest and property taxes from their income tax returns. They also understand that there is a substantial capital gains exclusion for qualified sales of up to $250,000 if single and $500,000 for married filing jointly. However, ongoing recordkeeping tends to be overlooked. New homeowners should get in the habit of keeping all receipts and paperwork for any improvements or repairs to the home. Existing homeowners need to be reminded as well, in case they have become lax in doing so. These expenditures won’t necessarily benefit in the annual tax filing but may become valuable when it is time to sell the home because it raises the basis or cost of the home. For instance, let’s say a single person buys a $350,000 home that appreciates at 6% a year. Twelve years from now, the home will be worth $700,000. $250,000 of the gain will be exempt with no taxes due but the other $100,000 will be taxed at long-term capital

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