The Press Democrat had a article about the “Bittersweet windfall”: when you bought you home at the height of the market, you can ask for an adjustment for your property taxes. Your Realtor can help you with the ‘comps’ by the way, just call and ask. he/she will know what you need.
However, coming back on the article: Now is a great time to buy property, most people know that by know. However, ever thought of the fact that it’s also a great time to move up/move down? Yes you will sell your home for less than if you would have sold it in 2005 however, what you are moving into is also less and guess what the basis is for your property taxes… yep, current market value, in most cases the price you paid for the home. And for investors: quite a few properties do cash flow…
Actually my friend Raquel stated it very smart: it doesn’t matter when you buy or sell as long as you do it in the same market. It’s very difficult to time a market, investors do in some way, but so far the people that were waiting for the market to come down/go up have done nothing at all. So Raquel is right: ‘do the math’ see whether it makes sense and make your dreams come true!
And some stats to prove that sales are picking up:
Have a great weekend. Great recommendation from Pat Pisenti (best Chiropractor in town) for a small winery with great wines: Porter Creek Vineyards. I haven’t been there recently so let me know what you think.
Have a great day!
Mirjam de Rijk – email: mirjam@c21alliance.com