Category Archives: Uncategorized

How the new tax law affects home equity debt

If you’re considering getting a home equity loan or home equity line of credit (HELOC), make sure you understand how the tax rules have changed.

First of all, it’s important to clarify that acquisition debt is when money borrowed against your home is used to buy, build or improve a primary or secondary home. Home equity debt is when the money is used for something other than your home, such as paying student loans or funding a business.

Under previous tax laws, taxpayers could deduct interest on home equity debt – no matter what the money was used for – as long as the total mortgage debt was below $1 million, according to Realtor.com®.

The Tax Cuts and Jobs Act suspends this deduction unless the loan is used to “buy, build or substantially improve” a home, according to the IRS. Acquisition debt is still tax deductible, but the total debt limit was lowered from $1 million to $750,000.

Keep receipts from your home improvement projects and consult a tax professional to help you navigate your specific situation.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

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How to pull off a neutral room

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How to pull off a neutral room

A neutral decorating scheme can create a beautiful, serene space. Neutrals are also flexible, making it easy to swap out pieces as you feel inspired. Consider these design tips to make the most of neutrals in any room.

Add warm hues. Wood accents are a great way to add warmth and keep a neutral room from feeling cold or sterile. Try displaying wood cutting boards or adding a natural wood shelf in the kitchen. Crate&Barrel designers suggest using a walnut mid-century bench as a coffee table to bring a unique element to your living space.

Choose contrasting textures. Layering tactile and visual textures is key to making a neutral room interesting, says Houzz.com. Plush rugs, exposed brick, concrete walls, faux-fur throw pillows, and textured artwork can add interest and depth to any room.

Lead the eye. Hang an abstract painting in soft neutrals to draw the eye upward, says Crate&Barrel. You could also consider adding a pop of color through a tall plant or an accent pillow with a bold pattern.

Use metal accents. Metals pop against a neutral backdrop. Choose metal light fixtures and drawer pulls, or display metallic kitchen utensils. ElleDecor.com predicts that copper and rose gold are fading out for 2019, so consider more natural-looking metals such as polished nickel and antique brass.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

FIREPLACES-warm, cozy and valuable

It’s hard to deny the charm of gathering around warm, flickering flames to read a book or share stories with your family. Fireplaces tend to evoke an emotional response from buyers and most people are willing to pay more to get one.

According to a survey from Angie’s List  approximately 25 percent of home buyers said

fireplace

they would pay up to $1,000 more for a fireplace, 35 percent would pay $1,000-$5,000 extra and 18 percent would pay even more. While gas and electric fireplaces are practical, the survey found that wood-burning fireplaces have the greatest appeal. About 60 percent of homeowners and home buyers throughout the country prefer the ambience of a wood-burning fireplace.

If you have the luxury of any type of fireplace, here are a few ways to make it extra cozy:

  • Start by having your fireplace and chimney serviced. The National Association of Home Builders recommends an inspection by a CSIA-certified chimney sweep once a year.
  • Arrange seating with the fireplace as the focal point. Add a few floor cushions or large  pillows to make it even more inviting.
  • For a rustic coziness, stack real logs in or next to a wood-burning fireplace (even if you don’t plan to burn them). Place a basket on the hearth to hold blankets, making it easy to curl up by the fire.

For help selling your home, or  buying a home with a fireplace please call, email or text anytime to get started.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-   rachel@rachelsheller.com

View ALL available Houses on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

5 Steps to a bedroom makeover

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Ready to refresh a bedroom in your home? Here are five steps to get the process headed in the right direction.

  1. Choose a color scheme. Don’t make this decision harder than it is. If you’re stuck on choosing a color, start with a neutral (such as gray, creamy white or taupe) and decide on one or two accents that can be easily changed as time goes on.
  2. Start sorting. Before you bring in anything new, you must get rid of the old. Donate current bedding, furniture and decorative items that cannot be recycled or refinished to fit the new decorating theme.
  3. Pick timeless pieces. For the big-ticket items like a comforter or dresser, choose pieces that will stand the test of time. Use smaller items like throw pillows to add color, texture and patterns.
  4. Change up the layout. While new furniture and a coat of paint can help change the feel of a room, a new layout can take it one step farther. Rearrange furnishings to give your room a fresh feel.
  5. Switch out light fixtures. If you have a floor lamp, add a chandelier. If you like to read at night, add some soft lighting over your bed. Look for warm lights and avoid fluorescent bulbs that will make your room feel sterile.

 

 

IT’S A GOOD LIFE!

Five Star award Winner 2011- 2018 honoring the top 7% of real estate professionals in Oregon. 

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES,  Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

My business is referral based.
If you’ve enjoyed my service, please refer me!

Should you sell a home during the holidays?

Image result for christmas house

Traditionally, most sellers shy away from listing their homes in November or December. Some buyers, however, need to make a quick purchase before the end of the year due to a job transfer, estate settlement or other tax reasons. With very little competition in the marketplace, properties listed during the holiday season tend to sell more quickly and for a higher price.

If you’re worried about moving during the holidays, keep in mind that buyers often need to close by December 31, but they don’t necessarily need to take possession until January. That way both you and your buyers can enjoy one last holiday season in the old house before making the move.

Of course, the most pressing question is whether you should decorate your home for the holidays. Real estate professionals agree that homes show better with tasteful, festive decorations. Buyers can typically feel the warmth of the season and comfortably picture themselves living there. Be sensitive to different religions and use generic decorations that reflect a fall or winter theme.

Keep in mind the importance of curb appeal, and be sure there’s an attractive wreath on the front door to welcome buyers into their new home. Call me to learn more about selling during the Holidays and it’s benefits.

IT’S A GOOD LIFE!

Five Star award Winner 2011- 2018 honoring the top 7% of real estate professionals in Oregon. 

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES,  Diversity Specialist-HOWNW, Earth Advantage Broker, MASTERS CIRCLE, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email-    homesforyou@frontier.com

View a current list of ALL available Houses on the market go to my website

Licensed in the State of Oregon

My business is referral based.
If you’ve enjoyed my service, please refer me!

Home-buying affordability rule

The 36 percent rule is a guideline for consumers to help determine how much money they can comfortably spend on monthly debt payments, according to NerdWallet.com. The rule is based on dividing monthly mortgage payments (principal, interest, taxes, and insurance) and other monthly debt (vehicles, credit cards and student loans) by gross monthly income.

For example, an annual household income of $89,000 divided by 12 months equals a gross monthly income of $7,417. The 36 percent rule means the maximum monthly spending on all household debt should be about $2,670.

While lenders use the 36 percent rule in evaluating mortgage applications, they also consider other factors such as the amount of cash available for the down payment and closing costs, the borrowers’ credit scores and the amount of unsecured debt.

When buying a home, rely on an experienced real estate professional who will ensure that you are making the best purchase for your current need and household budget.home-167734__340

To get started on your journey to home ownership please call, email, or text anytime.

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available properties on the market on my website.

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!

 

Paralyzed by choices? Here’s how to be more decisive

The next time you find yourself procrastinating about decision-making, ask yourself these questions to help you reach a conclusion (without pulling your hair out).

  1. Does this fit with my long-term vision? When you have clarity about your goals for your personal or professional life, smaller decisions come into focus.
  2. Is this good enough? Expecting perfection will only leave you wanting. If you have an option that fits your goals and it’s something you feel proud of, you may have found your answer.
  3. What’s my gut instinct? Many decisions don’t have an obvious right or wrong option. If you’ve weighed the pros and cons and you’re leaning a certain direction, go with your gut.
  4. Am I making this too complicated? Talk to people you trust about any fears that are holding you back, and determine the realistic consequences of this decision. Oftentimes you’ll find you are more equipped to handle them than you think. When you release unnecessary worry, you’ll be free to make decisions with confidence.

I hope this helps. If you need help or information o deciding whether to buy or sell, please call, email, or text me. We can walk through all of your options.

 

Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.

IT’S A GOOD LIFE!!

Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First

Direct 503.380.9634, Email- rachel@rachelsheller.com

View ALL available properties on the market on my website

Licensed in the State of Oregon and Washington

My business is referral based.
If you’ve enjoyed my service, please refer me!