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August 2016 Newsletter

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July 2016 Newsletter

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June 2016 Newsletter

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April 2016 Newsletter

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March Newsletter

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February 2016 Newsletter

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January 2016 Newsletter

by Toril Sells Houses Team

 The United States House of Representatives extended the income tax exemption on mortgage debt forgiven in a short sale or a workout for principal residences. 

This legislation protects homeowners who completed a short sale or a workout in 2014 from debt cancellation tax being levied by the Internal Revenue Service.
The good news for our short sale clients is the tax law provides that the forgiven debt from the discharge of mortgage debt on a personal residence is excluded from gross income and therefore not taxable. The relief is effective retroactive to Jan. 1, 2014.
 
The not as good news is that it expires again in just a few weeks, on Dec. 31, 2014 and distressed homeowners considering a short sale in 2015 will again face the uncertainty of the extension of tax relief.  We remain hopeful that it will be extended through 2015 before next December.
 
We will keep you updated in regard to this matter in the upcoming months. 

If you have questions feel free to call attorney, Renee Roman at

Why I Snuck Away...

by Toril

Last Wednesday, amongst the hustle and bustle of handing out pies to my "Favorite Peeps"*, we had two buyers close on their homes and were able to get keys right before Thanksgiving...we also successfully launched two homes live and on the market!

On Thursday, Thanksgiving Day, I hosted my grandmother's traditional "Biscuits and Gravy Breakfast", then spent the rest of the day with friends and family remembering all we were thankful for. I snuck away for a quick minute to check my email and realized in my inbox that we had registered showings...ON Thanksgiving!!! To make things even better, we had even more showings on Black Friday, the following Snowy Saturday and Freezing Football Sunday... and we are scheduled to close five more transactions this week alone.

I know you're thinking, "Okay Toril, where are you going with this?"...

My point is, to those who think the market slows down during the holidays, IT DOESN'T! In fact, we have more serious buyers and sellers this time of year than any other period, and this trend will continue through December 31st, 2014 (as it always has for us). I have seen this trend so many times, that I was able to create a video on it that you can see here: Selling in the Fall and Winter Months.

If you are thinking of selling or buying, throw away those preconceived beliefs that now isn't the time. Now is the best time, and I have plenty of proof. Heck, I might just have to sneak away on Christmas to help you!

Thanks again for helping us fill in a few more deals to close this year...Happy Holidays!


Smiles, Toril Schoepfer Smile


*PS*If you want to know more about becoming one of Toril's Favorite Peeps, just respond to this message and I will tell you how!*

NOW is the time to buy!

by Toril Sells Houses Team

Home shopping today is easier than ever. Houses with space and attractive
amenities are plentiful. This could be the best time in years to
buy. Here’s why:
 ~Mortgage interest rates have fallen to their lowest level
in 60 years! Recently 30-year-fixed mortgages were down
to an average of 3.84 percent, beating the previous record
low of 3.87 percent.
 ~Experts quoted in Inside Mortgage Finance say consumers
should not hold out for a lower rate, because it's not
coming. Instead rates will steadily rise.
  ~The housing market overall is improving. Existing
home sales were up 5.2 percent from a year ago, according to the latest
figures by the National Association of Realtors. Declines in home prices are
just about at an end.
 ~Strong demand has sparked nearly a 2 percent rise in asking prices
recently, and it's part of a trend, according to Truilia. Depending on the
part of the country and the home, today, it's not unusual for a seller to get
offers to buy that are above the asking price.
 ~Demand for home loans is also up. The latest data from the Mortgage
Bankers Association shows applications for home purchases are on the upswing.
In spite of the latest interest rate drop, economists at Freddie Mac still expect
30-year-fixed-rate loans to rise late this year to 4.25 percent or even
4.5 percent.
Since home prices won’t go much lower and mortgage interest rates may be
the lowest they'll ever be, call us soon! Now is the best time to buy!

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Toril Schoepfer
Toril Sells Houses Team
16150 64th St. E
Sumner WA 98390
1-253-826-7508
Fax: 866-743-3484