Self-Directed Individual Retirement Account and Real Estate

Self-Directed IRA’s can have a heavy focus on real estate.  This means more than just houses, though.  You can’t put real estate you already own into your IRA, but Self-Directed IRA’s can be used on raw land, farm land, timber land, fishing rights, airspace rights, private mortgages, tax liens, rental properties, and commercial properties.  Talk to your REALTOR®, Kim Cooper of Select Brokers LLC, to find out how to make a self-directed IRA work for you!

Kim Cooper, Select Brokers LLC.

More options to real estate investing

There are more options to real estate investing than just buying a house.  Ask REALTOR®, Kim Cooper of Select Brokers LLC, about the many options available to you in North Idaho!

For example…

  • Timberland
  • Farmland
  • Fishing Rights
  • Airspace Rights
  • And more!

Contact Kim Cooper, Select Brokers LLC today.

Kootenai County Housing Snapshot for January 2016 through October 2016

There are more options to Real Estate Investing than just buying a house.  Ask your REALTOR® about the many options available!

Homes Sold YTD October 2016
2788 – Up 10.11% from October 2015

Median Home Price
$219,982 – Up 8.9% from October 2015

Active Residential Listings
1324 – Down 12.3% from October 2015

Days on Market
96 – Down 6.8% from October 2015

Data is provided by the Coeur d’Alene Multiple Listing Service and may not reflect all real estate activity in the market.  January 2016 through October 2016. Site Built homes on under 2 acres.

Contact Kim Cooper of Select Brokers LLC for more information!

Tax Time: The More You Know

As tax time approaches, the more you know the better when it comes to real estate.

Did you know?

  • Moving is a money saver.
    If your job doesn’t pay for the move, you can get a large tax break.
  • Get your interest back!
    Especially during the early years of your home loan, make sure you deduct the interest you pay on your mortgage.  You can deduct interest on up to $100,000 of the debt.
  • Selling too soon?
    Make sure you stay in that home for at least two years. You can avoid paying tax up to $250k (single) and $500k (jointly) of capital gain.
  • Getting tax advice?
    Check with your accountant, but you can generally deduct fees for service paid for tax advice and preparation.
  • Go green? Save green!
    Put in energy efficient appliances or windows?  Extra insulation? You can get credit up to $500 which directly reduces the amount you owe (not a deduction).

As your REALTOR® for more tax advice, and always confirm information with your accountant and tax preparation professional.

Kim Cooper, Select Brokers LLC.

Truth in taxes: a brutally honest assessment of our finances

With the end of the year comes the brutally honest truth of your finances through taxes. There are many factors to consider as we all approach this tax season. If you bought a new house, moved, bought land, or completed other real estate transactions, there are important money saving questions to ask an accountant. With drastic finance changes, it is especially important to treat this tax season differently and get help. Kim Cooper, Select Brokers LLC.

Please click here to read read more.

Online automatic valuations aren’t usually accurate.

Did you know that online automatic valuations aren’t usually accurate?  A computer can’t walk through your house to determine its condition.  Only a REALTOR® can give you a true and accurate evaluation of your home’s value.

If you would like to know the fair market value of your home, please click here to contact me about setting up a physical visit to your home and a detailed analysis that will give you a fair and reasonable market value.

REALTOR® Kim Cooper of Select Brokers LLC

Don’t let generic data limit your housing search.

When searching for properties online, you may need to find a home to fit your family, something you can afford, you may have special exceptions, and need to see all the houses that are available that meet your criteria.  Depending solely on generic data may filter out homes in your area that would otherwise be perfect for you.  An expert in your market like REALTOR® Kim Cooper of Select Brokers LLC can help you find the right home for you and your family and broaden your search beyond just what you may find with generic data.

How does big data target you?

We live in an information-era where companies are able to compile a great deal of data about people based on their web browsing habits, social media usage, location, shopping trends online, and more.  By tracking this information, some real estate websites may already be using “big data” that knows the cars you drive, your age, relatives in the area, hobbies, your job, marital status, age of your kids, move history, and other pertinent facts. But just because they may think they have all the information about you doesn’t mean that they know what home is right for you or everything about the area where you are searching.

Instead of exclusively using the Internet and online resources to find your home, work with REALTOR®, Kim Cooper, to find the right home for you as he knows the North Idaho market and can talk with you personally to discuss your actual buying needs.  Please contact REALTOR® Kim Cooper of Select Brokers LLC today if you are looking to buy a home in Coeur d’Alene or the North Idaho area.

Don’t let generic data pick your house.

Did you know that the more you refine your home search online and rely on generic data or artificial intelligence, the more likely you are to exclude homes that may be perfect for you? With his knowledge of our local market, it is important to contact REALTOR® Kim Cooper of Select Brokers LLC to help you find the ideal home for YOU in Coeur d’Alene and North Idaho!