Queen Anne Studio Co-op $134,500!

I'm holding this apartment open right now (1-4 Sunday), so come on by and take a look! Surprisingly spacious even though it's approx. 400 sq. ft. Comes fully furnished. Click on the following link to see more info, photos and a virtual tour. 7 Harrison Street, #15, Seattle, WA 98109

Queen Anne Studio Co-op $134,500

Today from 1-4 I will be holding the first Open House at my new listing on Queen Anne Hill, a studio apartment in a co-op building at 7 Harrison Street #15, less than a block from Key Arena. And yes, the asking price is just $134,500!

If you are unfamiliar with co-ops in the real estate world (they are quite common on the East coast, but less so here), a co-op is similar to a condo. Both have homeowner associations that regulate and care for the property, however when you buy a condo, you own the unit you live in. With a co-op, you buy shares (similar to stock) in the association which owns the building. This arrangements provides some tax and liability advantages.

Click here for more details about this particular co-op apartment.

Questions? Give me a call at 206-708-9800

This Sunday's Open House

Today I'll be looking at a million dollar view. How about you? Come join me at my Open House from 1-4PM. The address is 3918 SW Southern St., in West Seattle's Gatewood neighborhood. This is an absolutely stunning, ultra modern home with 4 bedrooms, 3 baths with approximately 3375 square feet of living space on an 8386 sq. ft. lot. Listed by my Prudential colleagues, the Johnson Team, for the just-reduced price of $995,000. MLS# 29046403 As usual, I will be giving away coupons for free ice cream cones from our own Husky Deli.

For Sale By Owner?

Are you thinking about trying to sell your home on your own? If so, I have a free information packet to help you get the job done.

What's in it for me? It's simply an opportunity to create goodwill. Perhaps then, if you ever do need the services of an agent, you'll think of me.

To request your free packet, give me a call at 206-708-9800 or send me an e-mail: Alice@AliceKuder.com

What is a tax credit, anyway?

You have probably heard about the $8,000 tax credit the federal government is offering first-time home buyers. The $8K part is easy enough to understand, but you may be wondering, 'what is a tax credit and how does it benefit me?'

Here's how it works. Next year, prepare your federal income tax return as usual. Then, take a look at the bottom line that says how much you owe. If you owe money, you get to deduct up to $8,000. For example,
> If you owe $10,000 in taxes, and qualify for the tax credit, you would deduct $8,000 from that $10,000 so you would owe just $2,000.
> If you owe $6,000 before applying the credit, you would not owe anything AND you would GET BACK a check for $2,000.
> If you owe nothing, you will get back a check for up to $8,000 to spend any way you wish.

TO QUALIFY FOR THE CREDIT, you must:
> be a first-time home buyer, which means you cannot have owned any interest in a home in the past three years
> CLOSE the purchase of a home valued at $80,000 or more (that's pretty much every home on the market) before DEC. 1st, 2008. Since it typically takes about 60 days to find and purchase a home, you should start looking by October 1st.
> earn an adjusted gross income of no more than $75,000 per year for individuals or $150,000 per year for married couples.

Need more information without any hassle or pressure? Call me at 206-708-9800.