Category: estate planning

The Vacation Home – is it time to finally relax once escrow has closed? 2

The Vacation Home – is it time to finally relax once escrow has closed?

This is a composite account of many cases we have worked on over the years.  The names and events have been changed to avoid disclosing confidential client information. The out of state vacation home can be a wonderful family retreat – generating years of happy memories for your family.  Dennis...

New Bridle Trails listing in Bellevue is a great remodel project for buyers looking to build sweat equity 1

New Bridle Trails listing in Bellevue is a great remodel project for buyers looking to build sweat equity

2110 square foot, 1-story house with daylight basement (unusual but desirable and different split level entry layout) and 2 car garage in the centrally located neighborhood of Bridle Trails in Bellevue. If you’ve been looking for a “value property” in this area, this is it!  A broker’s open house will be...

Attorneys vs. Agents – does it have to be a showdown? 0

Attorneys vs. Agents – does it have to be a showdown?

So, while I’ve been writing on our own Team Reba blog for about a year now, I was writing on a site called Rain City Guide much earlier.  In a post back in February of 2007 I covered the topic of agents versus attorneys but with a focus on why...

Looking to retire in Washington State? 0

Looking to retire in Washington State?

A prospective client of mine, whose husband works for the US Government in an overseas capacity, contacted me many months ago to begin sorting out if they’d move to the Seattle area or the Portland, OR area.  While I think both are great cities with their own features and benefits...

Updates on contractor status requirements for “flippers” 0

Updates on contractor status requirements for “flippers”

A client of mine sent me an email asking if I’d seen these articles from the WA Department of Labor & Industries before regarding contractor status being required of residential property owners that are fixing up and reselling properties for profit.  Basically, it covers what are generally known as “flippers”....

When I’m old, I think I’ll take the title “cat lady” over “rat lady” any day… 0

When I’m old, I think I’ll take the title “cat lady” over “rat lady” any day…

This bizarre story was released by the Seattle Times today about an elderly woman in Thurston County who has hundreds of rats in her home.  Apparently they were originally there to be used as food for her snakes but some escaped and started reproducing.  What I don’t get out of the...

Tax court decision on vacation home 1031 exchanges… 0

Tax court decision on vacation home 1031 exchanges…

 This information was sent to me via Cris Anderson, the Northwest Division Manager with Asset Preservation, Inc.  The company is a subsidiary of Stewart Title company, a leading national IRC 1031 “Qualified Intermediary” and is efficiently handling exchanges in every state in the nation.  I met Cris in 2003 when...

Property tax exemptions and deferral programs for seniors… 2

Property tax exemptions and deferral programs for seniors…

Did you know that if you are over 60 years of age you might qualify for exemptions or deferrals of property taxes in the King County area?  Not everyone knows that this is an option so if you haven’t heard of it before you might want to go to this...