Virtual tours, extensive professional photography and floorplans are critical to allowing buyers to easily view your listed home, without having to leave their home. Sellers should be aware of 360 degree/full view-style tours. These may show too much of the home and provide security gaps, including viewing items that would not normally show in a “still” photo, such as diplomas, letters and photos. Reported in the University of Washington Alum magazine March 2023.
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Selling • Uncategorized • March 30, 2023
Security Concerns with Photos and “Tours”
by Betsy Weyer
My Thoughts Escrow Tip-Escrow and IRS Reporting This post is courtesy of Chicago Title Insurance, re-posted with permisssion What exactly do settlement agents have to report to the Internal Revenue Service? In accordance with IRS Regulations the settlement agent must report the sale or transfer of an interest in U.S. real property by filing IRS form 1099-S Proceeds from Real Estate transactions, […]
My Thoughts Excise Tax Increase for 2023 Washington State charges an excise tax on the sale of real estate. The rate can vary by county and locality. For the vast majority of the property in King, Pierce and Snohomish Counties; the rates are as follow: 1.6% of the first $525,000 in sales price 1.78% of the amount between $525,000-$1,525,000 3.25% of the […]
Uncategorized January 2023 NWMLS Statistics The Northwest Multiple Listing Service has just come out with their statistics for Jan 2023 and I am not surprised. While King County prices dropped 3.1% year over year for the 4th Quarter; January tells a different story. For Eastside Areas, median closed prices were down 13.16% in January, year over year. December 2021, sales […]