Evergreen Real Estate Guide
Finding a Buyer for Your Evergreen Home
Once your Evergreen home is ready to show, your agent will list the property in the MLS or Multiple listing Service. Most homes are sold as a direct result of their listing in the MLS, which today also means the home will get extensive Internet exposure. Other ways that your agent will use to find buyers include advertising in newspapers and magazines, holding open house and signage.
Evergreen Real Estate Cycles
One problem with attempting to time your purchase to the business cycle is that even experts have problems accurately predicting the future economy. Even when they can, the Evergreen market does not necessarily move in tandem with the stock market or the economy as a whole. Evergreen is a unique situation.
When the economy is doing well, interest rates are generally higher. The result is that fewer people can afford houses, and Evergreen is no exception. When the economy slows down, interest rates fall, the "affordability index" moves up and more people can afford houses. The Evergreen market will take the lead.
Buying Evergreen Below Market
On most real estate Websites you can enter the parameters you want for your Evergreen. Include the price, size, features and location and the technology will notify you automatically the moment a property that meets your needs comes on the market. Now if what you are looking for is a particular type of property for a price that is significantly under market, you’d better be prepared to act quickly because you aren’t the only one who’s looking for a bargain.
Often times, when a home comes on the market priced under the market there are extenuating circumstances. Maybe the house needs maintenance. Maybe the yard needs work. If you are prepared with a certain amount of knowledge about the costs of roofing, painting, landscaping and other types of deferred maintenance, you will be in a position to evaluate whether or not the Evergreen is priced well enough that it truly is a bargain and not a fixer-upper nightmare.
The Benefits of Selling Evergreen
In order to sell Evergreen as your personal residence, you must have lived in it for two out of the five-year period ending on the date of the sale of the property. This means that you can buy a second home and live in it as your personal residence while renting out your first home. If, in a couple years you decide to sell your first Evergreen personal residence you can sell it and still benefit from the $250,000 to $500,000 Capital Gain tax exclusion. The law says that the home must be your personal residence for at least two out of the past five years.
Tips for Buying or Selling Evergreen
Most experienced real estate agents and brokers already have Websites that showcase their local MLS data so your Evergreen can show up online as soon as it is listed. On the other hand, if you are selling on your own it will take time or a considerable advertising budget to get your individual Evergreen property to show up on the major search engines where prospective buyers will find it. You could tap into one of the several For Sale by Owner Websites but that would limit your market of buyers.
Buying real estate in Evergreen is also much easier when you work with a real estate agent who knows the area and the market. While there is a great deal of information online about real estate asking prices, it is not always so easy to find out what a property actually sold for. And even then, specific terms of a sale often make a difference in how to interpret the sales price.
Evergreen SAVINGS
Everyone wants to buy the home of their dreams at the lowest possible price. Here is a tip for making the best Evergreen buying decision. Make sure you know the actual real estate values in the area or areas where you plan to buy so that when you come across a home priced below market, you will know it.
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