Found 9 blog entries tagged as real estate.

1) Appreciation - The market has returned to a healthy, stable, and predictable 4-5% appreciation. Rental properties go up in value as rental prices rise.  With high demand and low vacancy rents have been rising steadily for several years. In addition the job market and the maturing millennial generation are creating thousands of new households each month. 

2) Depreciation - The IRS allow rental owners to "write down" a portion of the value of their rental investment over a period of time. This allow rental owners to offset some of their annual gains which can increase their ability to shelter income. Always refer your clients to a qualified CPA for guidance. 

3) Sweat Equity - When rental owners make improvements to their properties over time they…

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Last week’s massive dip in mortgage rates apparently pushed homeowners into action. According to new data from the Mortgage Bankers Association, refinancing was up 39% last week, hitting its highest point since January 2016.

Overall refinances accounted for nearly half of all mortgage applications: 47.4%, specifically. For mortgage lender Better.com, the refi surge was even bigger. The company saw refinance loans make up 56% of its total loan activity last month. In total, Better.com has seen a 500% increase in refinance applications since March 2018.

Last week’s dip into low-4% mortgage rates is the big driver of this uptick in activity. According to Freddie Mac, the average rate on a 30-year fixed-rate loan as of March 28 was 4.06%. On 15-year…

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The Tax Cuts and Jobs Act of 2017 established a new economic development program called Opportunity Zones designed to encourage long-term private investments in low-income communities. The program provides a federal tax incentive for taxpayers who reinvest unrealized capital gains into “Opportunity Funds,” which are specialized vehicles dedicated to investing in low income areas called “Opportunity Zones” that will allow investors to defer and eliminate capital gains taxes on gains from investments in economically-distressed localities.

The zones themselves are to be comprised of Low-Income Community Census tracts and designated by governors in every state and territory. The program has the potential to direct private capital toward distressed communities…

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MAY - 2018

  M O N T A N A   L I V I N G      
                                                                                                          

Spring in Bozeman and Livingston

In early May, as temperatures warm, the ice melts off and the garage gets switched out. Skis are maintained and stored, and out come the clubs, bikes, canoes and kayaks, and all the footwear to accompany these activities. The mountain bikes stay dormant until later in May or even early June, as environmentally correct locals wait for the miles and miles of trails in the valley to properly dry out. Hiking is the best way to enjoy the trails and get the calves ready for mountain…

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This month, PollyAnna Snyder, partner and Broker with Engel & Volkers in Bozeman was recognized in the top 10 producing advisors for Engel & Volkers North America. This award is based on the number of transactions (for both buyers and sellers) an advisor in North America closes in a calendar year. To be awarded this recognition from a smaller market like Bozeman is an exceptional accomplishment! Competing with major urban markets such as Houston, Los Angeles, New York and other metro areas where E&V has shops and some outstanding advisors, there is incredible competition.

PollyAnna typically does not like her name in lights (especially as big as the one in the picture) and after processing the award, we took a few moments to get PollyAnna's…

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Page HuyettePlease help the Montana 406 family and professionals welcome Page Huyette to the firm.

 Page’s Experience - Page will be representing Sellers and Buyers as a professional Realtor and Sales Associate with Montana 406. 

“I've been involved in real estate since 1998, specializing in single family and multi-family properties as an investment vehicle.  This has helped me to understand multiple facets of buying and selling properties, such as financing options, development potential, city and county requirements and constructions means and methods.  After stepping back from real estate for a few years to teach at Montana State University, I fell in love with an off-market property in Bozeman, and worked to negotiate a deal with the owner's to sell.  That…

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Everyone should have, or at least know, a good real estate agent when it comes to homes for sale in Bozeman. There are a lot of outstanding agents who will be responsive to your questions or concerns and who continually earn the right to your business, but there are also a lot of inadequate agents who can make the process feel overwhelming, creating a negative experience.
Who you choose to represent you in a real estate transaction is a crucial step in the process. A question that is frequently asked is whether using a large, corporate or franchised brokerage house is better than using a smaller independent brokerage firm. While large brokerage houses, like Coldwell Banker, are impressive with their nationwide presence, it’s important to realize…

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It has been fabulous these past few months re-opening a real estate business here in Bozeman, and getting everything set up and gaining momentum once again.  And just so I don’t fool myself, it is still very much a work in progress.

We have been serving multiple clients at any given time these past few weeks and while that is a blessing, it also reminds me of the crazy-busy days many years ago.

One of the big and similar things I see is the discomfort of clients at certain points throughout “the process”, and then the transformation to comfortable as transactions move along and close.

It is uncomfortable to put yourself out on a limb (especially financially) and take a relatively large loan out and obligate yourself to pay it back.  It is…

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