Merry Christmas and Happy Holidays, everyone!
The weather has gone from gorgeous to frigid and back to beautiful. A cold snap invaded us this past week and as our southern neighbors say it was “muy frio.” My sisters in Daytona and Amelia had to deal with the same temperatures as we did.
Property is moving slowly, but I believe right after Christmas, it will start springing alive again, as it does every December 26.
Crazy, I know. Below are some of the October
Reports that might interest you. They include different areas of the Island and Bluffton, so please take a look.
Per Kiplinger Tax letter, if you and a spouse have a long term investment to sell (owned longer than a year and a day) wherein you’ve had a sizable profit earned, if you both earn $77,200 (together) your capital gains will be zero. I have a good local accountant who can help you out with this.
(p.s. More information on the new solar panels after my first and second electric bills come available. The Federal and State tax benefits will be very good, regardless.
This, along with my Rinnai tankless hot water heater, should bring the electric bill down a bit. Apparently we now own a mini power grid at our house! Since our house is way too big for us, we needed to conserve energy in the future. Are Teslas next?”
Our mayors race went to a runoff, and our band of opposition came through, but not as much as we’d hoped. John McCann was elected. He’d spent probably $50,000 + to get elected. He has promised in his last bid, that no “further” timeshares would be allowed. Whattaguy. Now we need someone to run for his district as the election is coming soon...in just a few weeks.
Please, someone who knows the Island, step up to the plate! We need a person who truly cares about our wonderful way of living to get elected.
The appraisers office called about my appeal on a 2 bedroom 1 bath Fiddlers that I bought. I said it was worth $115,000 at the end of 2017. (The year of reassessment). They never like to give us their thoughts in writing and clearly one can see why. It was guesstimated by them to be worth $153,000 at the end of 2017. That was the year I sold a lovely newly renovated view villa at Fiddlers for $200,000 and did a 1031 tax deferred exchange into this one- a one bath place that was original in every sense of the word for $111,000. The last one had sold two months prior for $98,000.
The outpouring of mewl was incredible from the silly head “Appraiser” of this specific area. “You must have gotten a deal.” I didn’t get a deal. In fact I paid more than I should have. “Well, we only go by square footage and view.” Not whether improved or not? ....or what other similar places sold for? “No,” she said. I asked if I could have it appraised by a licensed appraiser? “Sure, but we won’t pay it any mind,” she said. “If you decide you want to reappeal, don’t bother, it’ll come right back to me, and you’ll know what I’ll do!”
Just can’t compete with that logic or airheadedness. And they are the boss of us.
I guess I’ll just sell it, and then when someone asks what’s it’s worth, I can tell them, honestly, a whole lot more than I’m asking.
Thank you to Linda G for her referral of her daughter and to Lindsay H for her referral of Viveca and Michael B. Also to Marcia K for her referral of Jim and Cameron P. Jeff L for Matt and Linda J.
You all are super. Thank you again!
Wishing you and your families a most wonderful Christmas, Happy Hanukkah and Happy New Year. Don’t forget to say a prayer for our troops, too.
...and, of course, see you at the beach!
Berkshire Hathaway, Home Services
Hilton Head-Bluffton Realty