The Fiscal Cliff Deal, and How it Affects YOU!!

•January 10, 2013 • Leave a Comment
Falling off the fiscal cliff

Falling off the fiscal cliff

Many of you may be wondering how the FISCAL CLIFF deal affects you and what the Real Estate Tax Extenders will be in 2013. This is just in from the MLS so we thought we would pass it along to you:

On Jan. 1 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff.” The bill was signed into law by President Barack Obama on Jan. 2. Below is a summary of real estate related provisions in the bill:

Real Estate Tax Extenders

• Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014

Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012

• 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012

• 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012 Permanent Repeal of Pease Limitations for 99% of Taxpayers Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers. These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000. These thresholds have been increased and are indexed for inflation and will rise over time. Under the formula, the amount of adjusted gross income above the threshold is multiplied by 3 percent. That amount is then used to reduce the total value of the filer’s itemized deductions. The total amount of reduction cannot exceed 80 percent of the filer’s itemized deductions. These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years. They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012. Had we gone over the fiscal cliff, Pease limitations would have been reinstituted on all filers starting at $174,450 of adjusted gross income.

Capital Gains:

Capital Gains rate stays at 15 percent for those in the top rate of $400,000 (individual) and $450,000 (joint) return. After that, any gains above those amounts will be taxed at 20 percent. The $250,000/$500,000 exclusion for sale of principal residence remains in place.

Estate Tax:

The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that the rate will be 40 percent, up from 35 percent. The exemption amounts are indexed for inflation.

Oetkens Awarded “Circle of Excellence” by the Coeur d’Alene Association of REALTORS®

•April 23, 2012 • Leave a Comment

Randy & Christy Oetken
have earned the
Circle of Excellence
designation again this year
for their 2011 achievements.

“Each year the Coeur d’Alene Association of
REALTORS® honors a select group of real estate
agents who have achieved excellence in their
total sales volume, commitment to community
service, and professional development and
education…”

Here is Windermere Coeur d’Alene Realty‘s press release that was printed in the Coeur d’Alene Press, Sunday April 22, 2012

VIRTUAL TOUR: Lake Coeur d’Alene Community Waterfront Estate on 2 Acres in Gated Community

•April 20, 2012 • Leave a Comment

Rustic Craftsman Elegance is articulated in an impressive list of posh amenities. 2.4 Acre Harbor View Estate. Single level residence incorporates nature’s finest materials: Granite Counters, Custom Knotty Alder woodwork & Cabinetry & stone rockwork throughout. An exceptionally equipped Gourmet Kitchen is outfitted with an entire Suite of Upscale Appliances, Walk-in Master Suite Steam Shower & 4+ Car Garage are only a few of numerous amenities. Outdoor grounds boast the same attention to excellence and detail with landscape curbing, lush lawn, colorful flora and a lovely mountain view.

Call Christy Oetken

Windermere Coeur d’Alene Realty

208-660-0506

Oetken@RealEstate-Browser.com

Check it out at

www.RealEstate-Browser.com

North Idaho Real Estate: Community Waterfront 2.4 Acre Estate in Coeur d’Alene

•April 19, 2012 • Leave a Comment

2.4 Acre Craftsman Masterpiece

in Gated Harbor View Estates

4BR/4.5BA    3749 Sq Ft
Community Beach on Lake Coeur d’Alene

4+ Car Garage & RV Parking in Gated Community

Craftsman Elegance is articulated in an impressive list of posh amenities.

Superlative Gourmet Kitchen
Granite Counters throughout

Custom Knotty Alder woodwork & cabinetry throughout

Stone Rockwork throughout

Master Suite Steam Shower
Meticulous Landscaping & Lovely Mountain View

 $619,000

Call

Christy Oetken

of Windermere Coeur d’Alene Realty today:

208-660-0506

Check it out at

www.RealEstate-Browser.com

Text MEAD to 72727

2-4 Msgs, Text/Data Charges may apply.

JUST SOLD: Highlands Golf Course Area Home in Post Falls

•April 18, 2012 • Leave a Comment

We just sold this lovely home in the Highlands area!

Thinking of Selling?  We have buyers.

Call us today!  We’d love to help you Own The Lifestyle

208-660-0506

Oetken@RealEstate-Browser.com

What is your property worth in today’s Real Estate market? Find out!
Call us for a FREE, NO OBLIGATION Comparative Analysis of your home, land, or business or commercial property.

Interested in Highland Park Estates?

Here is a list of CURRENT INVENTORY in Highland area, Post Falls

including that neighborhood’s  Short Sales, Foreclosures, Rental Properties & Land!

Introducing our “Latest and Greatest” MLS Search tool!Visit

Oetken.CDARealtySearch.com

Featuring our

No-Hassle One-Time Registration

“Get In, Get Out & Get ON with It!”
We happily provide information about other homes for sale in this neighborhood and surrounding areas.
If you’re just starting your property search, we can schedule a no-obligation buyer’s consultation
to answer questions and help you determine the right budget for your new home.

Contact Randy or Christy Oetken

208-660-0506

Oetken@RealEstate-Browser.com

North Idaho Real Estate: Lake Coeur d’Alene View Home with Separate In-Law/Guest Quarters

•April 17, 2012 • 2 Comments

Coeur d’Alene Lake View Home

Enjoy lovely views of peerless Lake Coeur d’Alene
Renovated in 2008, this is a fantastic Home, Vacation Retreat or Potential Double Rental!

3BR/2BA on Treed .33 acre parcel

300 ft to the water’s edge

Main Level:

Updated Kitchen with new appliances
Master Bedroom
Deck opening to wide-open lake views

Lower Level – Great In-Law or Guest Quarters:
Covered Lake-View Deck
Separate entry
Full 2nd Kitchen
Family room

Less than 1 mile to Boat Dock.

Call

Christy Oetken

of Windermere Coeur d’Alene Realty today:

 

208-660-0506

Check it out at

www.RealEstate-Browser.com

Text LAKE to 72727
Text/Data Charges may apply.

Come Downtown Coeur d’Alene Tonight for ArtWalk: Friday, April 13

•April 13, 2012 • Leave a Comment

Friday,  April 13, 2012

5:00 to 8:00 pm

Join us in beautiful Downtown Coeur d’Alene

this Friday night for ArtWalk.

This month featuring

Summers Glass & Beads

&

The Coeur d’Alene Art Association

 Stroll through the downtown galleries with you friends and family, and enjoy dining at one of the participating restaurants.

This is a Family-Friendly

Free event!

Sponsored by the

Coeur d’alene Arts & Culture Alliance

Click Here to Download the List of Venues

or visit http://www.artsincda.org/files/April_2012_ArtWalk.pdf

 
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