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How Technology is Changing Real Estate
February 23, 2018 /While writing this blog, I am listening to "productivity" music on Spotify. Earlier this morning, I drank my coffee while watching YouTube recaps of Olympic figure skating and texting my girlfriends about how much we love Adam Rippon. I also ordered household supplies to be delivered in two days through Amazon, budgeted with the app Mint, and communicated with clients via email. And yes, I did most of these things simultaneously. We truly live in the future. As technology quickly and dramatically changes how we navigate our daily lives, here are four ways it’s also changing the world of real estate. 1. Real estate agents as the critical human connection Many prospective buyers research and shop around for potential listings online. According to National Association of Realtors (NAR), 51 percent of home buyers in 2017 found their home through listings on the Internet. By the time buyers consult with an agent, they often already have an idea of the listings in which they are interested. However, this does not in any way diminish the critical role of real estate agents in the home buying process. In 2017, 88 percent of buyers purchased their home through a real estate agent or…Read more
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Three Reasons To Fall in Love with Real Estate
February 15, 2018 /While we’re celebrating love this week–whether that’s enjoying a candlelit dinner with your partner, grabbing pizza with friends, or snuggling up on the couch with Netflix and takeout–let’s talk about other forms of love. Namely, let’s discuss love for investing in real estate. In my time working as a writer for Pickett Street, I’ve witnessed and felt inspired by how much everyone on their team truly loves working in the real estate world. I’ve also learned that there is something magical about investing in real estate. This is not to say that this investment doesn’t have its challenges–like all things worth loving, it does–but to say that it’s an incredibly rewarding lifelong practice. If you’re already thinking, “Yes! I’m in love! Sign me up!”, then get in touch with Pickett Street ((425) 502-5397) or info@pickettstreet.com) to buy or sell a home in the Seattle area. If you need more convincing, here are three reasons to love real estate. 1. Owning property generates income. Forbes notes that one of real estate’s main benefits is that it allows you to generate significant income without having to sell your investment. While stocks and bonds both yield about 2%, real estate allows you to…Read more
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What to Know About the 2017 Tax Cuts and Jobs Act
February 9, 2018 /Recent changes stemming from the Tax Cuts and Jobs Act may feel, as taxes sometimes do, a bit confusing. Luckily, Pickett Street and their preferred mortgage lender Cody Touchette of Caliber Home Loans are here with the breakdown of how recent tax changes will affect you. Keep in mind that most of these changes will not affect you until it's time to file 2018 taxes (the taxes you will file in 2019). For more information about the Tax Cuts and Jobs Act, Cody recommends this helpful link. 1. Standard deduction. According to the Washington Post, the new tax law increases the standard deduction to $12,000 for single filers and $24,000 for joint filers. This means that, for many homeowners, it will no longer make sense to itemize deductions. Zillow broke it down for the Washington D.C. area: under the old tax law, it made sense for 98 percent of homeowners to itemize, while under the new law, it only makes sense for 64 percent of homeowners to itemize. 2. Mortgage interest deductions. If you bought your home on or after December 15th, 2017, then you can claim a maximum interest of $750,000 for each secured primary residence. If you bought your home before December 15th,…Read more
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Keller Williams Ranks as the Happiest Company
February 2, 2018 /Like most people these days, I’ve worked in several different jobs. While all of these jobs were stepping stones, some were stranger than others. In high school, I was a cashier for a retail chain that shall remain unnamed, and I remember that they didn’t allow employees to keep a water bottle at the register with us. In college, I worked for a woman who ran her own business, which appeared to be some kind of pyramid scheme. She mostly wanted me to create a spreadsheet of her airline credit cards and frequent flyer miles. One summer I worked for my college’s environmental health and safety officer and spent long days in the basement researching conspiracy theories about disease on the internet at his request. That was a weird summer. Later in my twenties, I spent a lot of time thinking about happiness, and how this relates to my work. I personally derive satisfaction and happiness from working as a writer and as a teacher–perhaps because both of these jobs mean that I get to drink water at my desk whenever I want and that I don’t have to spend hours in windowless basements researching conspiracy theories or sorting through…Read more
