Introduction:

Understanding the financial implications of owning and selling residential real estate can be a daunting task, especially when it comes to taxes. One of the key tax considerations for homeowners is the capital gains tax. This blog aims to demystify the concept of capital gains and how it applies to residential real estate. 


What are Capital Gains? 

In simple terms, capital gains refer to the profit made from the sale of an asset or investment, which has increased in value over time. For instance, if you purchased a house for $200,000 and later sold it for $300,000, the $100,000 profit is considered a capital gain. 


Capital Gains Tax and Residential Real Estate

When you sell your home for a profit, you may be subject to…

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As Valentine's Day approaches, love is in the air. But this year, instead of focusing solely on chocolates and roses, why not consider a different kind of matchmaking? Just like finding the perfect partner, finding the perfect home can be a journey of discovery, filled with excitement, anticipation, and even a few butterflies.

1. Love at First Sight: The Importance of First Impressions Just like a first date, the first impression of a home can be a game-changer. A well-maintained exterior, a welcoming entrance, and a clean, inviting interior can make potential buyers fall in love instantly. As a seller, it's essential to ensure your property is looking its best for every viewing. As a buyer, remember that while first impressions are important,…

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After a particularly rough stretch, the frozen housing market has begun to thaw.

Mortgage rates have tumbled, more homes are being listed, and sales are rising as buyers are pouncing on their sudden change in fortune.

“The worst is over for the housing market,” says Mark Zandi, chief economist at Moody’s Analytics. But “it will take a number of years for the housing market to fully normalize.”

Indeed, the signs of a gradual sea change have been abundant in the past two months.

Market Recap

Real estate market activity has remained slow in accordance with typical seasonal patterns. Interest rates held steady through the month of January to end at 6.69%; at the time of this publication, there was a slight decrease to 6.63%. For the…

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Analyzing the 2023 Denver Real Estate Market and Predictions for 2024

As we bid farewell to 2023, it's time to reflect on the Denver real estate market's performance and anticipate what lies ahead. December 2023 brought some notable shifts, mirroring the city's typical seasonal patterns.

The median close price dipped by 2.8 percent to $551,993, and closed sales saw a decrease of 7.65 percent, settling at 2,620. The median days on the market (MLS) experienced a rise of 31.82 percent, increasing from 22 to 29 days. This was largely due to the declining interest rates that began in November.

However, a year-over-year comparison paints a more optimistic picture, taking into account the same seasonal factors. New listings saw a negligible decrease, with only…

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Good afternoon prospective buyers,

I wanted to let you know that there’s a new law in Washington that requires that we have a signed agreement once we start working together, *before I even show you a home. The agreement sets forth a few things, most importantly: (1) whether we are exclusive or not, (2) how long is the agreement valid, (3) my compensation, and (4) what we do if the seller doesn’t offer to cover my full compensation. If you are thinking about buying a home this year, it is important to be "in the know". Give me a call and let's grab a beverage to discuss 714-655-0595.

Talk soon,

Hailey Miller  

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On January 1, 2024, the revised “Agency Law” that governs real estate brokerage relationships (RCW 18.86) becomes effective. Among other changes, a significant revision to the law requires real estate firms to enter into a written brokerage services agreement with a buyer before, or as soon as reasonably practical after, commencing real estate brokerage services for that buyer.

These revisions to Agency Law require that brokers enter into a brokerage services agreement with their client before — or as soon as reasonably practical after — the provision of real estate brokerage services. This contract will include stipulations like length of partnership, exclusivity vs. non-exclusivity and the rate of compensation.

Looking at the law

It may…

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Denver Real Estate Market Update

The Denver real estate market is currently experiencing a significant shift, with demand outpacing supply and creating a dynamic and fast-paced environment for buyers and sellers alike.

In recent weeks, the number of active listings in the metro Denver area has remained relatively stable, with a slight decrease of 0.8%, resulting in a total of 4,615 listings. Of these, 810 were new listings, marking a 15.2% increase week over week and a 15.4% increase compared to the same period last year.

However, the rate at which these listings are going under contract is outstripping the rate of new listings entering the market. In fact, pending transactions increased by 20.7% week over week, with 888 listings going under contract.

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Best Time To Sell My Home?

When it comes to selling your home, timing can be everything. But the question that often perplexes homeowners is, "When is the best time to sell my home?" While there's no one-size-fits-all answer, certain times of the year can offer advantages. Let's delve into the factors that can help determine the optimal time to put your home on the market.

Seasonality plays a significant role in the real estate market. Traditionally, spring has been considered the prime time to sell a home. The weather is improving, gardens are in bloom, and daylight hours are longer - all factors that make homes more appealing. Additionally, families often prefer to move in the summer to avoid disrupting the school year, so they start their home…

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Denver's Top Housing Developments: A Decade of Opportunities Ahead

Denver, the Mile High City, is not just known for its stunning mountain views and vibrant culture, but also for its booming real estate market. Over the next decade, several housing developments are set to redefine Denver's skyline and offer incredible opportunities for home buyers and investors alike. Let's take a closer look at these promising projects.

**1. River Mile**
First on our list is the ambitious River Mile project. This development aims to transform the area around Elitch Gardens into a vibrant neighborhood. With plans for 12,000 residential units over the next 25 years, the next decade will see the first phase of this development come to life. River Mile is not just a housing…

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For everyone who buys a house between now and February 29th, you're going to look at those people in the same way you look at people who bought houses at the beginning of covid.

You're going to look back and be like *darn it* why wasn't I that smart? Why was I so scared? What was I thinking?

I’ll repeat again because it’s that important….

Anyone who buys a house right now is going to get the best deal you'll see in years.

There is no competition right now. The second interest rates drop again you're going to see millions of buyers jump into the market and housing prices will never be the same...

Mortgage rates have fallen to their lowest level since May 2023. Additionally, I am optimistic regarding mortgage rates, but not overly. I…

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