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RE/MAX Alliance Loveland 750 W Eisenhower Boulevard Loveland, CO 80537

Billie Jo Downing

REALTOR®, ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 Realtor of the Year

970.481.4150

BillieJo@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

Each Office Independently Owned and Operated.

Kathy Scribner REALTOR , ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR ®

970.669.4175

Kathy@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

ALFORD MEADOWS February 2018 Real Estate Market Report

Visit www.AlfordMeadowsHomes.com for community info and recent sales. HO

H O M E O W N E R TA X C H A N G E S

The National Association of Realtors (NAR) efforts helped save the exclusion for capital gains on the sale of a home and preserved the like-kind exchange for real property. As a result of the change made throughout the legislative process, NAR is now projecting slower growth in home prices of 1-3% in 2018 as low inventories continue to spur price gains. However, some local markets, particularly in high cost, higher tax areas, will likely see price declines as a result of the legislation’s new restrictions on mortgage interest and state and local taxes. The new tax law that was signed into effect at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could affect them which may require some planning to maximize the benefits. Some of the things that will affect most homeowners are the following: Reduces the limit on deductible mortgage debt to $750,00 for loans made after 12/14/17. Existing loans of up to $1 million are grand fathered and are not subject to the new $750,000 cap. Homeowners may refinance mortgage debts existing on 12/14/17 up to $1 million and still deduct the interest, so long as the new loan does not exceed the amount of the existing mortgage being refinanced. Repeals the deduction for interest on home equity debt through 12/31/25 unless the proceeds are used to substantially improve the residence. The standard deduction is now $12,000 for single individuals and $24,000 for joint returns. It is estimated that over 90% of taxpayers will elect to take the standard deduction. Property taxes and other state and local taxes are limited to $10,000 as itemized deductions. Moving expenses are repealed except for members of the Armed Forces. Casualty losses are only allowed provided the loss is attributable to a presidentially declared disaster.

PRESENTED BY BILLIE JO DOWNING & KATHY SCRIBNER

Your Alford Meadows Real Estate Specialists & Neighbors

WE HAVE HELPED 46 BUYERS AND SELLERS PURCHASE OR SELL HOMES IN ALFORD MEADOWS.

The capital gains exclusion applying to principal residences remains unchanged. Single taxpayers are entitled to $250,000 and married taxpayers filing jointly up to $500,000 of capital gain for homes that they owned and occupied as principal residences for two out of the previous five years.

WE ARE YOUR NEIGHBORHOOD SPECIALISTS.

Not addressed in the new tax law, the Mortgage Forgiveness Relief Act of 2007 expired on 12/31/16. This temporary law limited exclusion of income for discharged home mortgage debt for principal homeowners who went through foreclosure, short sale, or other mortgage forgiveness. Debt forgiven is considered income and even though the taxpayer may not be obligated for the debt, they would have to recognize the forgiveness debt as income. These changes could affect taxpayers’ position and should be discussed with their tax advisor. If you would like a detailed summary of what the bill means for homeowners, please let us know and we will email you the NAR summary.

PREPARED ESPECIALLY FOR

Jonathan and Angela-Marie Williams

Billie Jo Downing

ALFORD MEADOWS MARKET REPORT

No One in the World Sells More Real Estate than RE/MAX!

REALTOR®, ABR, CDPE, CNE, CNHS, CRS, ePRO, GRI, RCC, SFR, SRES 2007 Realtor of the Year

970.481.4150

BillieJo@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

970.669.4175

Kathy@OwnThisHomeTeam.com www.OwnThisHomeTeam.com

Alford Meadows

SELLER'S MARKET ONLY

REALTOR®, ABR, CDPE, CNE, CNHS, ePRO, GRI, RCC, SFR

Jonathan and Angela-Marie, If you want to know what your home would sell for in today's market, contact us today at 970.481.4150 or 970.669.4175.

TAKE ADVANTAGE OF A

Kathy Scribner

Living, Loving, and Promoting Our Community's Value for Over 13 Years!

C urren t Activity in Alford Meadows

Active

Pending

Sold

AT A GLANCE

Homes Sold Since January 1st, 2017: 23

ALFORD MEADOWS HOMES AVAILABLE

Homes Currently Listed in Alford Me ad ows Status

Street Name

Active Active Active Active

Crabapple Drive Crabapple Drive Coral Burst Drive Coral Burst Drive

Bedrooms

Bathrooms

Est. Square Feet

Year Built

List Price

List Date

3 3 2 4

2 2 3 4

3,526 3,526 4,412 4,241

2017 2017 2018 2017

$439,900 $439,900 $610,000 $654,995

10/20/17 10/20/17 11/07/17 05/31/17

Homes Currently Under Contract in Alfor d Me ad ows

Average Active List Price: $528,033

There are currently 2 homes available for back up offers and 1 home pending in Alford Meadows. For more information on these homes, call Billie Jo at 970.481.4150 or Kathy at 970.669.4175.

Average Sold Price: $446,557

Homes Sol d Since January 1 st, 2 01 7 in Al for d Me ad ows

Own This Home Team’s Keys to Success • Consultation with Professional Stager • Professional Photography • Marketed to the Top Real Estate Websites

• Direct Mail Exposure to Qualified Buyers • Optimized MLS Listing Designed to Reach and Entice More Buyers and Realtors • Marketing & Negotiation Specialists • Invaluable Expertise of Alford Meadows • Vast Network of Agents & Repeat Referrals

For your complimentary home evaluation, call Kathy or Billie Jo today at 970.481.4150 or 970.669.4175.

Status

Street Name

Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold Sold

Norway Maple Drive W. 50th Street Apricot Drive Apricot Drive Apricot Court Flowering Almond Drive Norway Maple Drive Hornbeam Court Crabapple Drive Brandywine Drive Coral Burst Court Flowering Almond Drive Flowering Almond Drive Coffeetree Drive Coral Burst Circle Crabapple Court Crabapple Drive Coral Burst Circle Coral Burst Circle Coral Burst Circle Norway Maple Drive Crabapple Drive Coral Burst Circle

Bedrooms

Bathrooms

Est. Square Feet

Year Built

List Price

List Date

Sold Price

Sold Date

5 5 4 5 5 4 5 4 3 3 4 3 4 4 4 4 3 4 3 4 5 5 3

3 3 3 3 3 3 4 4 2 3 4 3 4 3 3 3 2 3 3 3 3 3 3

3,784 3,632 3,186 3,446 3,684 4,012 4,016 4,030 3,015 3,442 5,500 3,102 4,059 3,282 3,096 2,786 3,342 3,183 3,396 3,033 3,158 3,221 3,400

2011 2011 2015 2015 2017 2004 2006 2004 2014 2005 2009 2004 2004 2013 2006 2014 2014 2004 2006 2011 2010 2011 2005

$459,000 $445,000 $449,900 $449,000 $480,000 $510,000 $469,900 $514,900 $415,000 $449,850 $669,900 $410,000 $539,000 $439,000 $390,000 $369,000 $409,000 $425,000 $430,000 $360,000 $474,900 $425,000 $430,000

09/02/17 10/23/17 08/04/17 08/21/17 05/05/17 09/08/17 07/28/17 06/20/17 06/19/17 06/20/17 03/08/17 03/16/17 04/07/17 02/23/17 02/17/17 01/23/17 02/01/17 02/28/17 12/21/16 12/07/16 12/05/16 10/03/16 11/23/16

$440,000 $440,000 $449,900 $435,000 $475,000 $505,000 $460,000 $500,000 $412,500 $440,000 $640,000 $409,500 $520,000 $439,000 $388,000 $369,000 $409,000 $420,000 $430,000 $353,000 $474,900 $425,000 $436,000

01/09/18 11/29/17 11/29/17 11/21/17 11/03/17 10/31/17 10/10/17 10/02/17 08/31/17 08/17/17 05/25/17 05/17/17 05/17/17 04/14/17 03/28/17 03/20/17 03/17/17 02/28/17 02/10/17 02/03/17 01/26/17 01/12/17 01/03/17

Billie Jo Downing, Kathy Scribner, and RE/MAX Alliance do not imply that this is in any way an official advertisement or publication of RE/MAX®. © 2018 All rights reserved. This representation is based on data reported as of January 22nd, 2018 by multiple brokers/agents to the IRES. This information is not intended to represent any existing listings but is general marketing information based on IRES data, however, neither RE/MAX Alliance, nor the IRES guarantees the accuracy of this data, which may not reflect all of the real estate activity in the area. E&OE. This market report is not intended to solicit properties already listed for sale nor is it intended to cause or induce a breach of an existing agency agreement.